15 unchanged sentences
$ 1.40 $ 43,041
−Removed: In September 2017, we announced that our Board of Directors had approved an increase in the Company’s quarterly cash dividend to $0.35 per share.
+Added: Since 2018, the Company has paid a quarterly cash dividend of $0.35 per share.
We currently expect to continue to pay dividends comparable to our quarterly $0.35 per share cash dividend in the future;
1 unchanged sentence
Performance Graph
−Removed: The following graph compares five-year total shareholder return on common stock with the cumulative total returns of the NASDAQ Composite index, the NASDAQ Telecommunications index and the Russell 2000 index.
+Added: The following graph compares five-year total shareholder return on common stock with the cumulative total returns of the Nasdaq Telecommunications index and the Russell 2000 index.
The graph tracks the performance of a $100 investment in our common stock and in each index (with the reinvestment of all dividends) from 12/31/2017 to 12/31/2022.
−Removed: We have historically presented the performance graph by comparing our cumulative total shareholder return against the cumulative total return of the NASDAQ Composite index and the NASDAQ Telecommunications index.
−Removed: We have decided to change from the NASDAQ Composite index to the Russell 2000 index as management believes the companies included in the Russell 2000 index are more comparable to us because of their more similar market capitalizations.
−Removed: Beginning with our Annual Report on Form 10-K for 2022, we will only present the cumulative total return of the NASDAQ Telecommunications index and the Russell 2000 index.
12/17 12/18 12/19 12/20 12/21 12/22
1 unchanged sentence
100.00 88.78 74.48 85.13 102.57 72.56
−Removed: NASDAQ Composite 100.00 129.64 125.96 172.17 249.51 304.85
Russell 2000 100.00 88.99 111.70 134.00 153.85 122.41
13 unchanged sentences
(1) Total number of shares purchased during each period reflects share purchase transactions that were completed (i.e., settled) during the period indicated.
−Removed: (2) Shares were purchased pursuant to the Company’s $700 million share repurchase program (the “2014 Repurchase Program”), $300 million of which was authorized by the Company’s Board of Directors in June 2014, with an additional $100 million authorized by the Company’s Board of Directors in each of June 2015, September 2017, December 2018, and May 2019, respectively.
−Removed: The 2014 Repurchase Program has no expiration date.
−Removed: The Company may repurchase shares under the 2014 Repurchase Program through open market purchases, pre-arranged trading plans, or privately negotiated purchases.
−Removed: (3) Amounts shown in this column reflect the amounts remaining under the 2014 Repurchase Program.
+Added: (2) Shares were purchased pursuant to the Company’s share repurchase program (the “Share Repurchase Program”), $300 million of which was authorized by the Company’s Board of Directors in June 2014, with an additional $100 million authorized by the Company’s Board of Directors in each of June 2015, September 2017, December 2018, May 2019, and May 2022, respectively, and an additional $333 million in December 2022.
+Added: The Share Repurchase Program has no expiration date.
+Added: (3) Amounts shown in this column reflect the amounts remaining under the Share Repurchase Program.
+Added: As of December 31, 2022, there was $400.0 million remaining under the share repurchase authorization, of which up to $200 million is subject to the modified Dutch auction tender offer commenced by the Company in January 2023.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.