22 unchanged sentences
March 1 – March 31, 2021
−Removed: Effective October 30, 2018, the Board of Directors approved a two-year, $50.0 million share repurchase program, which allows the Company to repurchase Modine common stock through solicited and unsolicited transactions in the open market or in privately-negotiated or other transactions, at such times and prices and upon such other terms as the authorized officers of the Company deem appropriate.
+Added: Effective November 5, 2020, the Board of Directors approved a two-year, $50.0 million share repurchase program, which allows the Company to repurchase Modine common stock through solicited and unsolicited transactions in the open market or in privately-negotiated or other transactions, at such times and prices and upon such other terms as the authorized officers of the Company deem appropriate.
Consists of shares delivered back to the Company by employees and/or directors to satisfy tax withholding obligations that arise upon the vesting of stock awards.
12 unchanged sentences
S&P MidCap 400 Industrials Index
−Removed: SELECTED FINANCIAL DATA .
−Removed: The following data should be read in conjunction with the consolidated financial statements and accompanying notes included elsewhere in this report.
−Removed: Years ended March 31,
−Removed: (in millions, except per share amounts)
−Removed: Operating income
−Removed: Net (loss) earnings
−Removed: Long-term debt - excluding current portion
−Removed: Net cash provided by operating activities
−Removed: Expenditures for property, plant and equipment
−Removed: Net (loss) earnings per share attributable to Modine shareholders:
−Removed: The following factors impact the comparability of the selected financial data presented above:
−Removed: On November 30, 2016, we acquired Luvata HTS for total consideration of $388 million, net of cash acquired.
−Removed: Since the date of acquisition, we’ve consolidated financial results from this business within our CIS segment.
−Removed: During fiscal 2020, 2019, 2018, and 2017, CIS segment net sales were $624 million, $708 million, $676 million, and $232 million, respectively.
−Removed: This transaction and the related debt financing also resulted in increases in total assets and long-term debt.
−Removed: During fiscal 2018 and 2017, we recorded $4 million and $15 million, respectively, of costs directly related to the acquisition and integration of Luvata HTS.
−Removed: During fiscal 2020, 2019, 2018, 2017, and 2016, we incurred $12 million, $10 million, $16 million, $11 million, and $17 million, respectively, of restructuring expenses.
−Removed: See Note 5 of the Notes to Consolidated Financial Statements for additional information.
−Removed: During fiscal 2020, 2018, and 2016, we recorded asset impairment charges totaling $9 million, $3 million and $10 million, respectively.
−Removed: See Notes 5, 13, and 14 of the Notes to Consolidated Financial Statements for additional information.
−Removed: During fiscal 2020 and 2019, the Company recorded $39 million and $7 million, respectively, of costs directly associated with its review of strategic alternatives for the VTS segment's automotive business, including costs to separate and prepare the business for a potential sale.
−Removed: During fiscal 2018, we recorded provisional income tax charges totaling $38 million as a result of U.S.
−Removed: tax legislation enacted in December 2017 commonly referred to as the Tax Act.
−Removed: During fiscal 2019, we recorded income tax benefits totaling $22 million related to the Tax Act and the recognition of foreign tax credits.
−Removed: See Note 7 of the Notes to Consolidated Financial Statements for additional information.
−Removed: During fiscal 2016, we recorded $42 million of non-cash pension settlement losses associated with a voluntary lump-sum payout program offered to certain eligible former employees and a $10 million gain related to an insurance settlement for equipment losses associated with a fire at our Airedale manufacturing facility in the U.K in September 2013.
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.