15 unchanged sentences
Our board of directors has authorized the repurchase of Company stock.
−Removed: Repurchases under these programs are made at management's discretion from time to time on the open market or in privately negotiated transactions and through Rule 10b5-1.
+Added: Repurchases are made at management's discretion from time to time on the open market or in privately negotiated transactions and may be through Rule 10b5-1 plans.
We spent $20.2 million on discretionary repurchases in the fourth quarter of fiscal 2026 to repurchase 0.6 million shares.
1 unchanged sentence
With the operating cash flows we anticipate generating in fiscal 2027, we expect to continue repurchasing Company stock, subject to market conditions and other factors as deemed relevant by our board of directors.
+Added: In April 2026, our board of directors rescinded the remaining repurchase authorization as of May 14, 2026, and
+Added: established a new stock repurchase program, effective as of May 14, 2026, authorizing the repurchase of up to $300 million of Company stock.
+Added: The new authorization does not have an expiration date.
The following table summarizes our repurchases of Company stock during the quarter ended April 25, 2026 and includes shares purchased from employees to satisfy their withholding tax obligations upon vesting of restricted shares:
(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 February (January 26 - March 1, 2025) 297 $ 45.79 295 3,699
+Added: Fiscal February (January 25 - February 28, 2026) 195 $ 35.86 195 2,831
Fiscal March (March 1 - March 28, 2026) 385 $ 34.27 385 2,446
4 unchanged sentences
(2) On October 28, 1987, our board of directors announced the authorization of the plan to repurchase Company stock.
−Removed: The plan originally authorized 1.0 million shares, and since October 1987, 33.5 million shares have been added to the plan for repurchase.
−Removed: The authorization has no expiration date.
+Added: The plan originally authorized 1.0 million shares, and since October 1987, 33.5 million shares have been added to the plan for repurchase.In April 2026, our board of directors rescinded the remaining repurchase authorization as of May 14, 2026, and established a new stock repurchase program, effective as of May 14, 2026, authorizing the repurchase of up to $300 million of Company stock.
+Added: The new authorization does not have an expiration date.
Recent Sales of Unregistered Securities
1 unchanged sentence
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.