1 unchanged sentence
Issuer Purchases of Equity Securities
−Removed: The table below sets forth information with respect to purchases made by the Company of its common stock during the third quarter of fiscal year 2020 .
−Removed: Average Price
+Added: The table below sets forth information with respect to purchases made by the Company of its common stock during the first quarter of fiscal year 2021.
+Added: Purchased Average Price
+Added: Per Share Total Number
Part of Publicly
+Added: Programs Maximum
Under the Plans
or Programs (C)
−Removed: January 1 to January 31, 2020
+Added: July 1 to July 31, 2020
Share Repurchase Program (A) — $ — — 1,349,037
Employee Transactions (B) — $ — — —
−Removed: February 1 to February 29, 2020
+Added: August 1 to August 31, 2020
Share Repurchase Program (A) — $ — — 1,349,037
Employee Transactions (B) 168,765 $ 9.10 — —
−Removed: March 1 to March 31, 2020
+Added: September 1 to September 30, 2020
Share Repurchase Program (A) — $ — — 1,349,037
Employee Transactions (B) — $ — — —
−Removed: Represents shares purchased under our stock buyback program.
−Removed: Represents shares withheld to satisfy the employee’s tax withholding obligation that is incurred upon the vesting of deferred shares granted under the Company’s stock incentive plans.
−Removed: As described under the caption “Stock Repurchase Program and Treasury Shares” in the Liquidity and Capital Resources section of Part I, Item 2 of this Form 10-Q, on November 6, 2018, the Board of Directors approved a stock buyback program (the “November 2018 Program”), which replaced the December 2016 Program.
+Added: (A) Represents shares purchased under our stock buyback program.
+Added: (B) Represents shares withheld to satisfy the employee’s tax withholding obligation that is incurred upon the vesting of deferred shares granted under the Company’s stock incentive plans.
+Added: (C) As described under the caption “Stock Repurchase Program and Treasury Shares” in the Liquidity and Capital Resources section of Part I, Item 2 of this Form 10-Q, on November 6, 2018, the Board of Directors approved a stock buyback program (the “November 2018 Program”), which replaced the December 2016 Program.
Under the November 2018 Program, the Company may repurchase common stock up to a maximum of $30.0 million per calendar year provided that the aggregate number of shares repurchased may not exceed 10%, or approximately 2.7 million, of the Company's shares outstanding as of November 6, 2018.
+Added: In addition, the Company may have to limit share repurchases at times if the repurchases put it at risk of violating the FCCR covenant in the Credit Agreement.
+Added: Management's Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources.
The Company may repurchase its stock from time to time in the open market at prevailing market prices or in privately negotiated transactions and is not obligated to purchase any shares.
The November 2018 Program will continue unless and until it is modified or revoked by the Board of Directors.
−Removed: In order to maintain its strong financial position in the current environment, the Company suspended all share repurchases beginning in early March 2020.
Dividend Policy
8 unchanged sentences
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.