−Removed: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
+Added: UNREGISTERED SALES OF EQUITY SECURITIES, USE OF PROCEEDS, AND ISSUER PURCHASES OF EQUITY SECURITIES
Our board of directors has authorized the repurchase of Company stock.
−Removed: We spent $10.0 million on discretionary repurchases in the first quarter of fiscal 2024 to repurchase 0.4 million shares.
−Removed: As of July 29, 2023, 6.9 million shares remained available for repurchase pursuant to the board authorization.
−Removed: With the operating cash flows we anticipate generating in fiscal 2024, we expect to continue repurchasing Company stock.
−Removed: 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:
+Added: With respect to the second quarter of fiscal 2024, pursuant to the existing board authorization, we adopted a plan to repurchase company stock pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934.
+Added: The plan was effective July 31, 2023.
+Added: Under this plan, our broker had the authority to repurchase Company shares on our behalf, subject to SEC regulations and the price, market volume and timing constraints specified in the plan.
+Added: The plan expired at the close of business on October 27, 2023.
+Added: We spent $10.0 million in the second quarter of fiscal 2024 to repurchase 0.3 million shares, pursuant to the plan and as discretionary purchases.
+Added: As of October 28, 2023, 6.6 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, subject to market conditions and other factors as deemed relevant by our board of directors.
+Added: The following table summarizes our repurchases of Company stock during the quarter ended October 28, 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 May (April 30 – June 3, 2023) — $ — — 7,262
−Removed: Fiscal June (June 4 – July 1, 2023) 428 $ 27.96 357 6,905
−Removed: Fiscal July (July 2 – July 29, 2023) — $ — — 6,905
−Removed: Total (Fiscal First Quarter of 2024)
+Added: Fiscal August (July 30 – September 2, 2023) 125 $ 31.19 125 6,780
+Added: Fiscal September (September 3 – September 30, 2023) 96 $ 31.15 96 6,684
+Added: Fiscal October (October 1 – October 28, 2023) 106 $ 29.55 106 6,578
+Added: Total (Fiscal Second Quarter of 2024)
327 327 6,578
−Removed: (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.
+Added: (1) In addition to the 326,284 shares we repurchased during the quarter as part of our publicly announced, board-authorized plan described above, this column includes 138 shares we repurchased 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.
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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.