1 unchanged sentence
Limitation on Payment of Dividends and Share Repurchases
−Removed: The Credit Facility permits the payment of up to $20,000,000 of dividends and share repurchases per fiscal year, subject to a minimum availability threshold and pro forma compliance with financial covenants.
+Added: The Credit Facility currently permits the payment of up to $30,000,000 of dividends and share repurchases for this fiscal year, subject to pro forma compliance with financial covenants.
Purchases of Equity Securities by the Issuer
−Removed: Shares repurchased during the three months ended June 30, 2020 were as follows:
+Added: Shares repurchased during the three months ended September 30, 2020 were as follows:
Total Number of
11 unchanged sentences
or Programs (1)
−Removed: April 1 - April 30, 2020:
+Added: July 1 - July 31, 2020:
Open market and privately negotiated purchases
−Removed: May 1 - May 31, 2020:
+Added: August 1 - August 31, 2020:
Open market and privately negotiated purchases
−Removed: June 1 - June 30, 2020:
+Added: September 1 - September 30, 2020:
Open market and privately negotiated purchases
−Removed: As of June 30, 2020, $15,692,000 of the $37,000,000 authorized share repurchase program had been utilized and $21,308,000 remained available to repurchase shares, subject to the limit in our Credit Facility.
−Removed: We retired the 675,561 shares repurchased under this program through June 30, 2020.
+Added: As of September 30, 2020, $15,692,000 of the $37,000,000 authorized share repurchase program had been utilized and $21,308,000 remained available to repurchase shares, subject to the limit in our Credit Facility.
+Added: We retired the 675,561 shares repurchased under this program through September 30, 2020.
Our share repurchase program does not obligate us to acquire any specific number of shares and shares may be repurchased in privately negotiated and/or open market transactions.
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.