1 unchanged sentence
Our board of directors has authorized the repurchase of Company stock.
−Removed: As of January 28, 2023, 7.3 million shares remained available for repurchase pursuant to the board authorization.
−Removed: There were no share repurchases under the authorized plan during the third quarter of fiscal 2023.
−Removed: Amounts in the table below include shares purchased from employees to satisfy their withholding tax obligations upon vesting of restricted shares.
−Removed: The following table summarizes our repurchases of company stock during the quarter ended January 28, 2023:
+Added: We spent $10.0 million on discretionary repurchases in the first quarter of fiscal 2024 to repurchase 0.4 million shares.
+Added: As of July 29, 2023, 6.9 million shares remained available for repurchase pursuant to the board authorization.
+Added: With the operating cash flows we anticipate generating in fiscal 2024, we expect to continue repurchasing Company stock.
+Added: The following table summarizes our repurchases of Company stock during the quarter ended July 29, 2023 and includes shares purchased from employees to satisfy their withholding tax obligations upon vesting of restricted shares:
(Unaudited, amounts in thousands, except per share data) Total number of
shares repurchased (1) Average price paid per share Total number of shares repurchased as part of publicly announced plan (2) Maximum number of shares that may yet be repurchased under the plan
−Removed: Fiscal November (October 30 – December 3, 2022) — $ — — 7,262
−Removed: Fiscal December (December 4 – December 31, 2022) — $ — — 7,262
−Removed: Fiscal January (January 1 – January 28, 2023) 2 $ — — 7,262
−Removed: Fiscal Third Quarter of 2023
−Removed: (1) There were no shares repurchased during the quarter as part of our publicly announced, board-authorized plan described above.
−Removed: During the quarter ended January 28, 2023, 2,204 shares were repurchased from employees to satisfy their withholding tax obligations upon vesting of restricted shares with an average share price of $26.86.
+Added: Fiscal May (April 30 – June 3, 2023) — $ — — 7,262
+Added: Fiscal June (June 4 – July 1, 2023) 428 $ 27.96 357 6,905
+Added: Fiscal July (July 2 – July 29, 2023) — $ — — 6,905
+Added: Total (Fiscal First Quarter of 2024)
+Added: 428 357 6,905
+Added: (1) In addition to the 357,038 shares we repurchased during the quarter as part of our publicly announced, board-authorized plan described above, this column includes 71,245 shares we repurchased from employees to satisfy their withholding tax obligations upon vesting of restricted and performance based shares.
(2) On October 28, 1987, our board of directors announced the authorization of the plan to repurchase Company stock.
1 unchanged sentence
The authorization has no expiration date.
−Removed: Number Description
−Removed: (4.1) First Amendment to Credit Agreement dated as of December 20, 2022, among La-Z-Boy Incorporated, the lenders party thereto, and Wells Fargo Bank, National Association, as administrative agent
−Removed: (31.1) Certifications of Chief Executive Officer pursuant to Rule 13a-14(a)
−Removed: (31.2) Certifications of Chief Financial Officer pursuant to Rule 13a-14(a)
−Removed: (32) Certifications of Executive Officers pursuant to 18 U.S.C.
−Removed: Section 1350(b)
−Removed: (101.INS) Inline XBRL Instance Document
−Removed: (101.SCH) Inline XBRL Taxonomy Extension Schema Document
−Removed: (101.CAL) Inline XBRL Taxonomy Extension Calculation Linkbase Document
−Removed: (101.LAB) Inline XBRL Taxonomy Extension Label Linkbase Document
−Removed: (101.PRE) Inline XBRL Taxonomy Extension Presentation Linkbase Document
−Removed: (101.DEF) Inline XBRL Taxonomy Extension Definition Linkbase Document
−Removed: (104) The cover page from the Company’s Quarterly Report on Form 10-Q for the quarter ended January 28, 2023, formatted in Inline XBRL (included in Exhibit 101)
−Removed: Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
−Removed: LA-Z-BOY INCORPORATED
−Removed: February 21, 2023
−Removed: /s/ Jennifer L.
−Removed: Vice President, Corporate Controller and Chief Accounting Officer
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.