4 unchanged sentences
Dunlap, Shelby J.
−Removed: Butterfield, the estate of Stephen F.
−Removed: Butterfield, a family limited liability company controlled by Mr.
−Removed: Dunlap, an entity controlled by Mr.
−Removed: Dunlap and the Butterfield Family Trust, various members of the Dunlap and Butterfield families, and various other estate planning trusts established by them.
+Added: Butterfield, various members of the Dunlap and Butterfield families, and various other estate planning trusts established by and/or entities controlled by them.
Because many shares of the Company's Class A common stock are held by brokers and other institutions on behalf of shareholders, the Company is unable to estimate the total number of beneficial owners represented by these record holders.
23 unchanged sentences
SELECTED FINANCIAL DATA
−Removed: The following table sets forth selected financial and other operating information of the Company.
−Removed: The selected financial data in the table is derived from the consolidated financial statements of the Company.
−Removed: The following selected financial data should be read in conjunction with the consolidated financial statements, the related notes, and the MD&A included in this report.
−Removed: Year ended December 31,
−Removed: 2019 2018 2017 2016 2015
−Removed: (Dollars in thousands, except share data)
−Removed: Operating Data:
−Removed: Net interest income $ 249,350 254,360 305,238 372,563 431,899
−Removed: Loan servicing and systems revenue 455,255 440,027 223,000 214,846 239,858
−Removed: Education technology, services, and payment processing revenue
−Removed: 277,331 221,962 193,188 175,682 120,365
−Removed: Communications revenue 64,269 44,653 25,700 17,659 —
−Removed: Other income 65,179 54,805 55,728 66,236 103,488
−Removed: Net income attributable to Nelnet, Inc.
−Removed: 141,803 227,913 173,166 256,751 267,979
−Removed: Earnings per common share attributable to Nelnet, Inc.
−Removed: shareholders - basic and diluted:
−Removed: 3.54 5.57 4.14 6.02 5.89
−Removed: Dividends per common share 0.74 0.66 0.58 0.50 0.42
−Removed: Fixed rate floor income, net of derivative settlements
−Removed: $ 89,869 121,712 117,272 152,336 184,746
−Removed: Core loan spread (a) 1.18 % 1.32 % 1.23 % 1.28 % 1.43 %
−Removed: Acquisition of loans (par value) $ 2,007,563 3,897,007 330,251 356,110 4,036,333
−Removed: Loan servicing volume ($) (at end of period) 472,987,628 464,615,053 211,413,959 194,821,646 176,436,497
−Removed: ALLO - residential households served 47,744 37,351 20,428 9,814 7,600
−Removed: As of December 31,
−Removed: 2019 2018 2017 2016 2015
−Removed: (Dollars in thousands, except share data)
−Removed: Balance Sheet Data:
−Removed: Cash and cash equivalents $ 133,906 121,347 66,752 69,654 63,529
−Removed: Loans receivable, net 20,669,371 22,377,142 21,814,507 24,903,724 28,324,552
−Removed: Goodwill and intangible assets, net 238,444 271,202 177,186 195,125 197,062
−Removed: Total assets 23,708,970 25,220,968 23,964,435 27,193,095 30,419,144
−Removed: Bonds and notes payable 20,529,054 22,218,740 21,356,573 24,668,490 28,105,921
−Removed: shareholders' equity 2,386,712 2,304,464 2,149,529 2,061,655 1,884,432
−Removed: Tangible Nelnet, Inc.
−Removed: shareholders' equity (b)
−Removed: 2,148,268 2,033,262 1,972,343 1,866,530 1,687,370
−Removed: Outstanding common shares 39,730,104 40,258,105 40,810,104 42,105,044 43,953,460
−Removed: Book value per common share 60.07 57.24 52.67 48.96 42.87
−Removed: Tangible book value per common share (b) 54.07 50.51 48.33 44.33 38.39
−Removed: Shareholders' equity to total assets 10.07 % 9.14 % 8.97 % 7.58 % 6.19 %
−Removed: (a) Core loan spread is a non-GAAP measure.
−Removed: See the MD&A - "Asset Generation and Management Operating Segment - Results of Operations - Loan Spread Analysis" for information on how core loan spread is computed and why management believes it is a useful measure, and a reconciliation to loan spread for 2019 and 2018.
−Removed: (b) Tangible Nelnet, Inc.
−Removed: shareholders' equity, a non-GAAP measure, equals "Nelnet, Inc.
−Removed: shareholders' equity" less "Goodwill and intangible assets, net." Management believes tangible shareholders' equity and the corresponding tangible book value per common share are useful supplemental non-GAAP measures to evaluate the strength of the Company's capital position and facilitate comparisons with other companies in the financial services industry.
−Removed: However, there is no comprehensive authoritative guidance for the presentation of these measures, and similarly titled measures may be calculated differently by other companies.
+Added: The selected financial data previously required by Item 301 of Regulation S-K has been omitted pursuant to SEC Release No.
+Added: 34-90459, and the resulting amendments to Item 301 of Regulation S-K effective February 10, 2021.
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.