1 unchanged sentence
Dividend Information
−Removed: On March 29, 2020, we announced our action plan in response to the COVID-19 pandemic and resulting economic uncertainties.
−Removed: Included in that plan was the elimination of the June quarterly dividend to prioritize near-term financial flexibility.
−Removed: Although we expect to continue to pay quarterly dividends in the future, the payment of future cash dividends is within the discretion of our board of directors and will depend on our earnings, capital requirements and operating and financial condition, as well as excess availability under the credit agreement, among other factors.
+Added: Although we expect to continue to pay quarterly dividends, the payment of future cash dividends is within the discretion of our board of directors and will depend on our earnings, capital requirements and operating and financial condition, as well as excess availability under the credit agreement, among other factors.
Our common stock trades on the New York Stock Exchange under the trading symbol "LZB".
13 unchanged sentences
We spent $44.2 million in fiscal 2021 to purchase 1.1 million shares.
−Removed: Effective March 16, 2020, to prioritize near-term financial flexibility in response to the impact of COVID-19, we temporarily halted share repurchases under the board’s prior authorization.
The following table summarizes our purchases of Company stock during the fourth quarter of fiscal 2021:
−Removed: (Amounts in thousands, except per share data)
−Removed: Total number of shares purchased (1)
−Removed: Average price paid per share
−Removed: Total number of shares purchased as part of publicly announced plan (2)
−Removed: Maximum number of shares that may yet be purchased under the plan
+Added: (Amounts in thousands, except per share data) Total number of shares purchased (1) Average price paid per share Total number of shares purchased as part of publicly announced plan (2) Maximum number of shares that may yet be purchased under the plan
Fiscal February (January 24 - February 27, 2021) 376 $ 39.85 376 4,126
−Removed: Fiscal March (March 1 - March 28, 2020)
+Added: Fiscal March (February 28 - March 27, 2021) 681 $ 41.55 681 3,445
Fiscal April (March 28 - April 24, 2021) 1 $ 42.76 — 3,445
Fiscal Fourth Quarter of 2021
−Removed: In addition to the 305,500 shares purchased during the quarter as part of our publicly announced director authorization described above, this column includes 1,146 shares purchased from employees to satisfy their withholding tax obligations upon vesting of restricted shares and performance-based shares.
+Added: 1,058 $ 40.95 1,057 3,445
+Added: (1) In addition to the 1,057,512 shares purchased during the quarter as part of our publicly announced director authorization described above, this column includes 450 shares purchased from employees to satisfy their withholding tax obligations upon vesting of restricted shares.
(2) On October 28, 1987, our board of directors announced the authorization of the plan to repurchase Company stock.
4 unchanged sentences
SELECTED FINANCIAL DATA.
−Removed: The following table presents our selected financial data.
−Removed: The table should be read in conjunction with Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations , and Item 8, Financial Statements and Supplementary Data , of this Annual Report on Form 10-K.
−Removed: This information is derived from our audited financial statements and should be read in conjunction with those statements, including the related notes.
−Removed: Consolidated Five-Year Summary of Financial Data
−Removed: Fiscal Year Ended
−Removed: (Amounts in thousands)
−Removed: Cost of sales
−Removed: Selling, general and administrative expense
−Removed: Goodwill impairment
−Removed: Operating income
−Removed: Interest expense
−Removed: Interest income
−Removed: Pension termination refund (charge)
−Removed: Other expense, net
−Removed: Income before income taxes
−Removed: Income tax expense
−Removed: Net income attributable to noncontrolling interests
−Removed: Net income attributable to La-Z-Boy Incorporated
−Removed: Consolidated Five-Year Summary of Financial Data (Continued)
−Removed: Fiscal Year Ended
−Removed: (Amounts in thousands, except per share data)
−Removed: Basic weighted average shares
−Removed: Basic net income attributable to La-Z-Boy Incorporated per share
−Removed: Diluted weighted average shares
−Removed: Diluted net income attributable to La-Z-Boy Incorporated per share
−Removed: Dividends declared per share
−Removed: Book value of year-end shares outstanding (1)
−Removed: Equal to total La-Z-Boy Incorporated shareholders' equity divided by the number of outstanding shares on the last day of the fiscal year.
−Removed: Consolidated Five-Year Summary of Financial Data (Continued)
−Removed: Fiscal Year Ended
−Removed: (Dollars in thousands)
−Removed: Return on average total equity (1)
−Removed: Gross profit as a percent of sales
−Removed: Operating income as a percent of sales
−Removed: Effective tax rate (2)
−Removed: Return on sales (2)
−Removed: Depreciation and amortization
−Removed: Cash provided by operating activities
−Removed: Capital expenditures
−Removed: Cash used for acquisitions
−Removed: Cash used for share repurchases
−Removed: Cash used for dividends
−Removed: Property, plant and equipment, net
−Removed: Working capital
−Removed: Current ratio (3)
−Removed: Long-term debt, excluding current portion
−Removed: Debt to equity ratio (4)
−Removed: Debt to capitalization ratio (5)
−Removed: Equal to income from continuing operations divided by average two year equity.
−Removed: Based on income from continuing operations.
−Removed: Equal to total current assets divided by total current liabilities.
−Removed: Equal to total debt divided by total equity.
−Removed: Equal to total debt divided by total debt plus total equity.
−Removed: Unaudited Quarterly Financial Information Fiscal 2020
−Removed: Fiscal Quarter Ended
−Removed: (Amounts in thousands, except per share data)
−Removed: Cost of sales
−Removed: Selling, general and administrative expense
−Removed: Goodwill impairment
−Removed: Operating income
−Removed: Interest expense
−Removed: Interest income
−Removed: Pension termination refund
−Removed: Other income (expense), net
−Removed: Income before income taxes
−Removed: Income tax expense
−Removed: Net income attributable to noncontrolling interests
−Removed: Net income attributable to La-Z-Boy Incorporated
−Removed: Diluted weighted average common shares
−Removed: Diluted net income attributable to La-Z-Boy Incorporated per share
−Removed: Unaudited Quarterly Financial Information Fiscal 2019
−Removed: Fiscal Quarter Ended
−Removed: (Amounts in thousands, except per share data)
−Removed: Cost of sales
−Removed: Selling, general and administrative expense
−Removed: Operating income
−Removed: Interest expense
−Removed: Interest income
−Removed: Pension termination charge
−Removed: Other income (expense), net
−Removed: Income before income taxes
−Removed: Income tax expense
−Removed: Net income attributable to noncontrolling interests
−Removed: Net income attributable to La-Z-Boy Incorporated
−Removed: Diluted weighted average common shares
−Removed: Diluted net income attributable to La-Z-Boy Incorporated per share
+Added: The Company has applied the amendment to Regulation S-K Item 301 which became effective on February 10, 2021.
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.