1 unchanged sentence
Dividend Program
−Removed: In May 2023, the Company announced it will pay a quarterly dividend of $0.045 per share of common stock.
−Removed: The Company expects to pay a total cash dividend of $0.18 per share for the four quarters ending June 30, 2024.
−Removed: On August 1, 2023, the Board approved a third-quarter dividend of $0.045 per share, which was paid on September 28, 2023, to shareholders of record as of September 6, 2023.
−Removed: On November 1, 2023, the Board approved a fourth-quarter dividend of $0.045 per share, payable December 20, 2023, to shareholders of record as of December 5, 2023.
+Added: On May 7, 2024, the Board approved a second-quarter dividend of $0.045 per share, payable on July 5, 2024, to shareholders of record as of June 14, 2024.
The dividends are accounted for as a decrease to Stockholders’ Equity.
1 unchanged sentence
Issuer Purchases of Equity Securities
−Removed: On August 1, 2023, the Board approved a new share repurchase authorization of an additional $25.0 million.
−Removed: The new share repurchase program will take effect upon completion of the Company’s current program, which had approximately $2.7 million remaining as of October 1, 2023.
+Added: On August 5, 2021, the Board of Directors approved a stock repurchase plan authorizing the Company to repurchase an aggregate of $25 million in shares of the Company’s common stock (the “2021 Repurchase Program”).
+Added: On August 1, 2023, the Board of Directors approved a new stock repurchase plan authorizing the Company to repurchase an aggregate of an additional $25 million in shares of the Company’s common stock.
+Added: The new share repurchase program took effect upon the completion of the 2021 Repurchase Program, which was exhausted in the quarter ended March 31, 2024.
+Added: The Company had approximately $23.4 million in the aggregate available under its current share repurchase program as of March 31, 2024.
The shares may be repurchased from time to time in open market transactions at prevailing market prices, in privately negotiated transactions, pursuant to a Rule 10b5-1 repurchase plan or by other means in accordance with federal securities laws.
1 unchanged sentence
There is no guarantee as to the number of shares that will be repurchased, and the repurchase program may be extended, suspended or discontinued at any time without notice at the Company’s discretion.
−Removed: The following table details the repurchases that were made during the three months ended September 30, 2023.
−Removed: Total Numbers of
+Added: The following table details the repurchases that were made during the three months ended March 31, 2024.
+Added: Total Number of
Approximate Dollar
−Removed: Value of Securities
+Added: Value of Shares
Total Number of
2 unchanged sentences
Purchased Under
−Removed: Announced Plan
+Added: Price Paid per
+Added: Announced Plans or Programs
+Added: the Plans or Programs
(In thousands)
1 unchanged sentence
(In thousands) (1)
−Removed: July 1 - July 31
−Removed: August 1 - August 31
−Removed: September 1 - September 30
+Added: January 1 - January 31
+Added: February 1 - February 29
+Added: March 1 - March 31
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.