MARKET FOR THE REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: Share prices and dividends are different than the amounts disclosed in our selected financial data in Item 6 and in our consolidated financial statements in Item 8 due to the distinction between legal and accounting acquirer as a result of the reverse merger acquisition with Knight.
−Removed: The information prior to the merger date of September 8, 2017 in Item 5 represents historical Swift amounts as Swift was the legal acquirer.
Our common stock trades on the NYSE under the symbol "KNX".
4 unchanged sentences
Dividend Policy
−Removed: Prior to the 2017 Merger, Swift did not pay dividends.
−Removed: Following the 2017 Merger, we have paid a quarterly cash dividend, consistent with Knight's historical practice that started in December 2004, and that continued in consecutive quarters since prior to the 2017 Merger.
−Removed: Our most recent dividend was declared in February of 2020 for $0.08 per share of common stock and is scheduled to be paid in March of 2020, which is a $0.02 increase from the Company's historical quarterly dividend of $0.06 per share of common stock.
+Added: We have paid a quarterly cash dividend as Knight-Swift since December 27, 2017, consistent with Knight's historical practice that started in December 2004, and that continued in consecutive quarters since prior to the 2017 Merger.
+Added: Our most recent dividend was declared in February of 2021 for $0.08 per share of common stock and is scheduled to be paid in March of 2021 .
We currently expect to continue to pay comparable quarterly cash dividends in the future.
2 unchanged sentences
The following table shows our purchases of our common stock and the remaining amounts we are authorized to repurchase for each monthly period in the fourth quarter of 2020.
−Removed: Total Number of Shares Purchased
−Removed: Average Price Paid per Share
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
−Removed: Approximate Dollar Value That May Yet be Purchased Under the Plans or Programs¹
+Added: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value That May Yet be Purchased Under the Plans or Programs 1
October 1, 2020 to October 31, 2020 1,385,088 $ 38.49 1,385,088 $ 145,662,094
1 unchanged sentence
December 1, 2020 to December 31, 2020 — $ — — $ 250,000,000
−Removed: On May 31, 2019, we announced that the Board approved the $250.0 million 2019 Knight-Swift Share Repurchase Plan, replacing the 2018 Knight-Swift Share Repurchase Plan.
+Added: Total 3,702,237 $ 39.15 3,702,237 $ 250,000,000
+Added: 1 On November 30, 2020, we announced that the Board approved the $250.0 million 2020 Knight-Swift Share Repurchase Plan, replacing the 2019 Knight-Swift Share Repurchase Plan.
There is no expiration date associated with this share repurchase authorization.
8 unchanged sentences
was calculated using Swift's historical stock price (SWFT), adjusted for the reverse split of 0.72, for periods prior to the 2017 Merger and calculated using Knight-Swift Transportation Holdings Inc.'s historical stock price (KNX) for periods following the 2017 Merger.
+Added: 2015 2016 2017 2018 2019 2020
Knight-Swift Transportation Holdings Inc.
+Added: $ 100.00 $ 176.27 $ 228.09 $ 131.61 $ 189.54 $ 222.96
NYSE Composite 100.00 111.94 132.90 121.01 151.87 162.49
2 unchanged sentences
KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC.
−Removed: SELECTED FINANCIAL DATA
−Removed: The information presented below is derived from our audited consolidated financial statements, included elsewhere in this report, except for 2015 and 2016 , which were previously reported.
−Removed: Due to the "reverse acquisition" nature of the 2017 Merger, the historical financial statements of legacy Knight have replaced the historical financial statements of legacy Swift.
−Removed: In management's opinion, all necessary adjustments for the fair presentation of the information outlined in these financial statements have been applied.
−Removed: The selected financial data for 2019 , 2018 , and 2017 should be read alongside the consolidated financial statements and accompanying footnotes in Part II, Item 8 of this Annual Report.
−Removed: Factors that materially affect the comparability of the data for 2017 through 2019 are discussed in Part II, Item 7 of this Annual Report.
−Removed: Factors that materially affect the comparability of the selected financial data for 2015 and 2016 are set forth below the table.
−Removed: The following table highlights key measures of the Company's financial condition and results of operations (dollars in thousands, except per share amounts and operating data):
−Removed: Consolidated statement of comprehensive income GAAP data ¹:
−Removed: Total revenue
−Removed: Total operating expenses
−Removed: Operating income
−Removed: Interest income and other income
−Removed: Interest expense
−Removed: Income before income taxes
−Removed: Net income attributable to Knight-Swift
−Removed: Basic earnings per share
−Removed: Earnings per diluted share
−Removed: Cash dividend per share of common stock
−Removed: Operating ratio ²
−Removed: Consolidated balance sheet GAAP data ¹:
−Removed: Working capital (deficit) surplus ³
−Removed: Total Knight-Swift stockholders' equity
−Removed: Non-GAAP financial data (unaudited) ¹:
−Removed: Adjusted Net Income Attributable to Knight-Swift 5
−Removed: Adjusted EPS 5
−Removed: Adjusted Operating Ratio 5 (recast)
−Removed: Operating data (unaudited) 1 6 :
−Removed: 2018 (recast)
−Removed: 2017 (recast)
−Removed: Average revenue per tractor
−Removed: Average length of haul (miles)
−Removed: Non-paid empty miles percentage
−Removed: Average tractors (Trucking segment only)
−Removed: Average trailers
−Removed: Average containers
−Removed: Data after September 8, 2017 includes the results of Swift, pursuant to the 2017 Merger.
−Removed: Data after March 16, 2018 includes the results of Abilene pursuant to the Abilene Acquisition.
−Removed: Total operating expenses expressed as a percentage of total revenue.
−Removed: Working capital is in a deficit position as of December 31, 2019, as our Term Loan is scheduled to mature on October 2, 2020.
−Removed: The Company intends to refinance prior to maturity.
−Removed: Includes carrying value of current and noncurrent portions of term loan debt, revolving credit facilities, receivables sales agreement, and finance/capital leases.
−Removed: For more discussion refer to "Liquidity and Capital Resources" in Part II, Item 7 of this Annual Report.
−Removed: Adjusted Net Income Attributable to Knight-Swift, Adjusted EPS, and Adjusted Operating Ratio, are non-GAAP financial measures.
−Removed: These non-GAAP financial measures should not be considered alternatives to, or superior to, GAAP financial measures.
−Removed: However, management believes that presentation of these non-GAAP financial measures provides useful information to investors regarding the Company's results of operations.
−Removed: Adjusted Net Income Attributable to Knight-Swift, Adjusted EPS, and Adjusted Operating Ratio are reconciled to the most directly comparable GAAP financial measures in "Non-GAAP Financial Measures" in Part II, Item 7 of this Annual Report.
−Removed: The Adjusted Operating Ratio for 2018 and 2017 is recast to adjust "Total revenue" and "Total operating expenses" by fuel surcharges generated within the Trucking segment only.
−Removed: See "Results of Operations — Segment Review — Operating Statistics" in Part II, Item 7 of this Annual Report regarding definitions of these operating data.
−Removed: Table of Contents Glossary of Terms
−Removed: KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC.
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.