2 unchanged sentences
The company's Common Stock trades on the Nasdaq Global Select Market under the symbol "MIDD".
−Removed: The company estimates there were approximately 43,609 record holders of the company's common stock as of March 1, 2021.
+Added: The company estimates there were approximately 69,204 record holders of the company's common stock as of February 28, 2022.
The company does not currently pay cash dividends on its common stock.
15 unchanged sentences
The company relied on such exemption based in part upon representations made by Appliance, including its status as an accredited investor, as such term is defined in Rule 501 of the Securities Act.
+Added: On December 27, 2021, in connection with the company’s purchase of all of the capital stock of Masterbuilt Holdings, LLC ("Kamado Joe and Masterbuilt"), the company issued 12,921 unregistered shares of the company’s common stock to Kamado Joe and Masterbuilt.
+Added: The shares of company common stock were issued in reliance on the exemption from registration under Section 4(a)(2) of the Securities Act.
+Added: The company relied on such exemption based in part upon representations made by Kamado Joe and Masterbuilt, including its status as an accredited investor, as such term is defined in Rule 501 of the Securities Act.
Issuer Purchases of Equity Securities
Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plan or Program Maximum Number of Shares that May Yet be Purchased Under the Plan or Program (1)
−Removed: September 27, 2020 to October 24, 2020 — $ — — 1,476,835
+Added: October 3, 2021 to October 30, 2021 — $ — — 1,476,835
October 31, 2021 to November 27, 2021 — — — 1,476,835
7 unchanged sentences
These withheld shares are not considered common stock repurchases under the authorized common stock repurchase plan and accordingly are not included in the common stock repurchase totals in the preceding table.
−Removed: Selected Financial Data
−Removed: (amounts in thousands, except per share data )
−Removed: Fiscal Year Ended (1, 2)
−Removed: 2020 2019 2018 2017 2016
−Removed: Income Statement Data:
−Removed: Net sales $ 2,513,257 $ 2,959,446 $ 2,722,931 $ 2,335,542 $ 2,267,852
−Removed: Cost of sales 1,631,209 1,855,949 1,718,791 1,422,801 1,366,672
−Removed: Gross profit 882,048 1,103,497 1,004,140 912,741 901,180
−Removed: Selling, general, and administrative expenses 531,897 593,813 538,842 468,219 471,638
−Removed: Restructuring expenses 12,375 10,480 19,332 19,951 10,524
−Removed: Gain on litigation settlement — (14,839) — — —
−Removed: Gain on sale of plant (1,982) — — (12,042) —
−Removed: Impairments 15,327 — — 58,000 —
−Removed: Income from operations 324,431 514,043 445,966 378,613 419,018
−Removed: Interest expense and deferred financing amortization, net 78,617 82,609 58,742 25,983 23,880
−Removed: Net periodic pension benefit (other than service costs & curtailment) (39,996) (29,722) (39,020) (35,033) (30,409)
−Removed: Curtailment loss 14,682 865 906 3,305 3,202
−Removed: Other expense (income), net 3,071 (2,328) 1,825 829 1,040
−Removed: Earnings before income taxes 268,057 462,619 423,513 383,529 421,305
−Removed: Provision for income taxes 60,763 110,379 106,361 85,401 137,089
−Removed: Net earnings $ 207,294 $ 352,240 $ 317,152 $ 298,128 $ 284,216
−Removed: Net earnings per share:
−Removed: Basic $ 3.76 $ 6.33 $ 5.71 $ 5.26 $ 4.98
−Removed: Diluted $ 3.76 $ 6.33 $ 5.70 $ 5.26 $ 4.98
−Removed: Weighted average number of shares outstanding:
−Removed: Basic 55,093 55,647 55,576 56,715 57,030
−Removed: Diluted 55,136 55,656 55,604 56,719 57,085
−Removed: Balance Sheet Data:
−Removed: Working capital $ 570,235 $ 616,059 $ 502,642 $ 458,236 $ 323,290
−Removed: Total assets 5,202,474 5,002,143 4,549,781 3,339,713 2,917,136
−Removed: Total debt 1,729,596 1,873,140 1,892,105 1,028,881 732,126
−Removed: Stockholders' equity 1,976,649 1,946,814 1,665,203 1,361,148 1,265,318
−Removed: (1) The company's fiscal year ends on the Saturday nearest to December 31.
−Removed: (2) The company has acquired numerous businesses in the periods presented.
−Removed: Please see Note 2 in the Notes to Consolidated Financial Statements for further information.
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.