Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: The following table summarizes purchases of our own equity securities during the three months ended August 31, 2023 (dollars in thousands, except per share amounts):
−Removed: Period Total Number of Shares Purchased Average Price Paid per Share (a) Dollar Value of Shares Purchased as Part of Publicly Announced Plans or Programs (a) Approximate Dollar Value of Shares That May Yet be Purchased Under the Plans or Programs (a) (b)
−Removed: June 1-30 — $ — $ — $ 407,912
−Removed: July 1-31 765,570 53.86 41,230 366,682
−Removed: August 1-31 765,748 53.90 41,270 325,412
+Added: The following table summarizes purchases of our own equity securities during the three months ended February 29, 2024 (dollars in thousands, except per share amounts):
+Added: Period Total Number of Shares Purchased Average Price Paid per Share
+Added: Dollar Value of Shares Purchased as Part of Publicly Announced Plans or Programs
+Added: Approximate Dollar Value of Shares That May Yet be Purchased Under the Plans or Programs (a)
+Added: December 1-31
+Added: — $ — $ — $ 163,562
+Added: — — — 163,562
+Added: February 1-29
+Added: 1,085,140 61.29 50,000 113,562
Total 1,085,140 $ 61.29 $ 50,000
−Removed: (a) The Inflation Reduction Act of 2022, which was enacted into law on August 16, 2022, imposed a nondeductible 1% excise tax on the net value of certain stock repurchases made after December 31, 2022.
−Removed: All dollar amounts presented exclude such excise taxes, as applicable.
−Removed: (b) On March 21, 2023, our board of directors authorized us to repurchase up to $500.0 million of our outstanding common stock, excluding excise tax.
−Removed: This authorization replaced a prior board of directors authorization, which had $75.0 million remaining, excluding excise tax.
−Removed: In the 2023 third quarter, we repurchased 1,531,318 shares of our common stock on the open market pursuant to the current authorization at a total cost of $82.5 million.
−Removed: As of August 31, 2023, we were authorized to repurchase up to $325.4 million of common stock in additional transactions, excluding excise tax.
+Added: (a) On March 21, 2023, our board of directors authorized us to repurchase up to $500.0 million of our outstanding common stock.
+Added: As of November 30, 2023, there was $163.6 million of remaining availability under this share repurchase authorization.
+Added: In the 2024 first quarter, we repurchased 826,663 shares of our common stock on the open market pursuant to this authorization at a total cost of $50.0 million.
+Added: As of February 29, 2024, we were authorized to repurchase up to $113.6 million of common stock in additional transactions.
+Added: The total number of shares purchased and average price paid per share in the above table includes previously issued shares delivered to us by employees to satisfy withholding taxes on the vesting of PSUs in February 2024, as described in Note 18 – Stockholders’ Equity in the Notes to Consolidated Financial Statements in this report.
+Added: These transactions are not considered repurchases under the board of directors’ authorization.
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.