1 unchanged sentence
Share repurchases
−Removed: On January 24, 2022, the Company’s Board of Directors approved the adoption of a share repurchase plan that authorizes the repurchase by the Company of up to $100 million of its outstanding shares of common stock through the period ending on March 31, 2024.
+Added: On January 24, 2022, the Company’s Board of Directors approved the adoption of a share repurchase plan that authorizes the repurchase of up to $100 million of outstanding shares of common stock through the period ending on March 31, 2024.
The approved plan replaced the Company’s previous $40 million share repurchase program.
Under the share repurchase program, shares may be repurchased from time to time in the open market or negotiated transactions at prevailing market rates, or by other means in accordance with federal securities laws.
−Removed: The Company purchased 399,198 shares for $23.3 million under this program during the nine months ended September 30, 2022 and $76.7 million remains available for future repurchases.
+Added: The Company purchased 134,680 shares for $6.8 million at an average price of $50.65 per share under this program during the three months ended March 31, 2023.
+Added: Approximately $58.8 million remains available for future repurchases.
Defaults Upon Senior Securities
2 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.