9 unchanged sentences
We currently do not anticipate paying any ordinary cash dividends on our common stock in the foreseeable future;
−Removed: however as occurred in October and December 2021, the Company may consider extraordinary dividend(s) as part of an overall strategy to return capital to shareholders.
+Added: however, the Company may consider extraordinary dividend(s) as part of an overall strategy to return capital to shareholders.
Notwithstanding any such actions, we expect to retain our future earnings, if any, for use in the operation of our business.
5 unchanged sentences
Stock Performance Graph
−Removed: The following graph compares the cumulative total return of our common stock, an industry peer group index, and the Nasdaq Composite Index from February 1, 2017 (the first day on which our common stock traded on the Nasdaq Global Select Market) through December 31, 2021.
+Added: The following graph compares the cumulative total return of our common stock, an industry peer group index, and the Nasdaq Composite Index from December 31, 2017 through December 31, 2022.
We believe that our industry peer group represents the majority of the market value of publicly traded companies whose primary business is post-secondary education.
The returns set forth on the following graph are based on historical results and are not intended to suggest future performance.
−Removed: The performance graph assumes $100 investment on February 1, 2017 in either our common stock, the companies in our industry peer group, or the Nasdaq Composite Index.
+Added: The performance graph assumes $100 investment on December 31, 2017 in either our common stock, the companies in our industry peer group, or the Nasdaq Composite Index.
Data for the Nasdaq Composite Index and our peer group assume reinvestment of dividends.
3 unchanged sentences
(LOPE), Cogna Educação S.A.
−Removed: (COGN3) and YDUQS (YDUQ3).
−Removed: In connection with the adoption of a plan of partial liquidation providing for the distribution of the net proceeds from the sale of Walden e-Learning LLC, on October 29, 2021, the Company paid a special cash distribution of $7.01 per share of the Company’s common stock, and, on December 28, 2021, the Company paid a special cash distribution of $0.58 per share of the Company’s common stock.
+Added: (COGN3), YDUQS Participacoes S.A.
+Added: (YDUQ3) and Anima Holdings S.A.
+Added: In connection with the adoption of a plan of partial liquidation providing for the distribution of the net proceeds from the sale of Walden e-Learning LLC, in October 2021, the Company paid a special cash distribution of $7.01 per share of the Company’s common stock.
+Added: Also in connection with the distribution of the net proceeds from the sale of Walden e-Learning LLC, in December 2021 the Company paid a special cash distribution of $0.58 per share of the Company’s common stock to each holder of record on December 14, 2021, and in October 2022 the Company paid a special cash distribution of $0.83 per share of the Company’s common stock to each holder of record on September 28, 2022.
+Added: In addition, in November 2022 the Company paid a special cash dividend of $0.68 per share of the Company’s common stock to each holder of record on November 4, 2022.
Accordingly, the performance graph below adjusts for these distributions.
2 unchanged sentences
Issuer Purchases of Equity Securities (in thousands, except per share amounts)
−Removed: The following table provides a summary of the Company’s purchases of its common stock during the fourth quarter of the fiscal year ended December 31, 2021 pursuant to the Company’s authorized stock repurchase program:
−Removed: Period Total number of shares purchased Average price paid per share (1)
−Removed: Total number of shares purchased as part of publicly announced plans or programs Approximate dollar value of shares yet to be purchased under the plans or programs (2)
+Added: The following table provides a summary of the Company’s purchases of its common stock during the fourth quarter of the fiscal year ended December 31, 2022:
+Added: Period Total number of shares purchased (1)
+Added: Average price paid per share Total number of shares purchased as part of publicly announced plans or programs Approximate dollar value of shares yet to be purchased under the plans or programs
10/1/22 - 10/31/22 — $ — — $ —
2 unchanged sentences
Total 7,971 $ 9.41 — $ —
−Removed: (1) In the fourth quarter of 2021, the Company paid two special cash distributions of $7.01 and $0.58 per share of common stock, resulting in corresponding adjustments to the price of the Company’s common stock.
−Removed: (2) On November 5, 2020, the Company announced that its Board of Directors had authorized a stock repurchase program to acquire up to $300,000 of the Company’s common stock.
−Removed: On April 30, 2021 and December 14, 2021, the Company’s Board of Directors approved increases in the authorization to repurchase shares of the Company’s common stock by $200,000 and $100,000, respectively, for a total repurchase authorization of up to $600,000.
−Removed: The authorizations do not have a stated expiration date.
−Removed: See further description of the stock repurchase program in “Item 7—Management’s Discussion and Analysis of Financial Condition and Results of Operations—Liquidity and Capital Resources.”
+Added: (1) The secondary offering that was completed on November 22, 2022 also included the Company's repurchase of 7,971 shares of common stock from the underwriters at a price per share of $9.40875.
+Added: During the third quarter of 2022, the Company's repurchases reached the total authorized limit under its previous stock repurchase program of $650 million and the Company has not authorized a new repurchase program.
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.