Unregistered Sales of Equity Securities and Use of Proceeds.
−Removed: There were no sales of unregistered equity securities during the second fiscal quarter of 2020.
+Added: There were no sales of unregistered equity securities during the third fiscal quarter of 2020.
Share Repurchases
3 unchanged sentences
The purchases were recorded as share retirements for purposes of calculating earnings per share.
−Removed: The following table summarizes the activity under the 2019 Repurchase Authorization during each fiscal month during the second fiscal quarter 2020:
−Removed: Period Total Number of Shares Purchased Average Price Paid Per
−Removed: Share (1) Total Numbers of Shares Purchased as Part of the 2019 Repurchase Authorization Approximate Dollar Value of Shares that May Yet Be Purchased Under the 2019 Repurchase Authorization
−Removed: February 12, 2020 - February 21, 2020 496,202 $99.10 496,202 $344,527,000
−Removed: February 24, 2020 - March 24, 2020 2,728,416 $86.73 2,728,416 $107,883,291
−Removed: (1) Includes commissions paid and calculated at the average price per share
−Removed: As a precautionary measure in light of the COVID-19 pandemic, the Company temporarily suspended purchases under the share repurchase plan in March 2020.
+Added: As a precautionary measure in light of the COVID-19 pandemic, the Company temporarily suspended purchases under the share repurchase plan in March 2020, with such suspension remaining in effect through the fiscal third quarter of 2020.
On January 16, 2020, the Company’s Board of Directors authorized an additional share repurchase program of up to $1.0 billion of the Company’s common stock, to expire on January 15, 2023 (the "2020 Repurchase Authorization").
−Removed: There have been no repurchases under the 2020 Repurchase Authorization as of March 27, 2020.
+Added: There have been no repurchases under the 2020 Repurchase Authorization as of June 26, 2020.
The share repurchase programs do not obligate the Company to purchase any shares.
5 unchanged sentences
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.