3 unchanged sentences
Funding for the share repurchase program is provided through our operating cash flows and our $600.0 million PJI Revolving Facility.
−Removed: The following table summarizes our repurchase activity by fiscal period during the first quarter ended March 27, 2022 (in thousands, except per share amounts):
−Removed: Maximum Dollar
+Added: The following table summarizes our repurchase activity under this share repurchase program by fiscal period during the three months ended June 26, 2022 (in thousands, except per share amounts):
+Added: Fiscal Period Total
+Added: Purchased Average
+Added: Share Total Number
of Shares Purchased
−Removed: Value of Shares
as Part of Publicly
−Removed: that May Yet Be
Announced Plans
+Added: or Programs Maximum Dollar
+Added: Value of Shares
+Added: that May Yet Be
Purchased Under the
−Removed: Fiscal Period
Plans or Programs
2 unchanged sentences
5/23/2022 - 6/26/2022 182 $ 84.98 182 $ 349,329
+Added: Total 452 $ 94.56 452 $ 349,329
The Company utilizes a written trading plan under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, from time to time to facilitate the repurchase of shares of our common stock under this share repurchase program.
There can be no assurance that we will repurchase shares of our common stock either through a Rule 10b5-1 trading plan or otherwise.
−Removed: Subsequent to March 27, 2022, we acquired an additional 223,000 shares at an aggregate cost of $23.0 million.
−Removed: Approximately $369.1 million remained available under the Company’s share repurchase program as of April 29, 2022.
+Added: Subsequent to June 26, 2022, we acquired an additional 229,000 shares at an aggregate cost of $19.5 million and an average price of $85.15 per share.
+Added: Approximately $329.8 million remained available under the Company’s share repurchase program as of July 29, 2022.
Repurchases of Stock for Tax Withholdings
−Removed: During the fiscal quarter ended March 27, 2022, the Company acquired approximately 69,000 shares of its common stock from employees to satisfy minimum tax withholding obligations that arose upon (i) vesting of restricted stock granted pursuant to approved plans and (ii) distribution of shares of common stock issued pursuant to deferred compensation obligations.
+Added: During the fiscal quarter ended June 26, 2022, the Company acquired approximately 750 shares of its common stock from employees to satisfy minimum tax withholding obligations that arose upon (i) vesting of restricted stock granted pursuant to approved plans and (ii) distribution of shares of common stock issued pursuant to deferred compensation obligations.
+Added: Number Description
10.1 Amendment to Employment Agreement, dated April 7, 2022, by and between Papa John’s International, Inc.
and Robert Lynch.
+Added: Exhibit 10.1 to our Quarterly Report on Form 10-Q as filed on May 5, 2022 is incorporated herein by reference.
10.2 Endorsement Agreement executed April 10, 2022, and effective March 15, 2022, by and among, on the one hand, ABG-Shaq, LLC, for the personal services of Shaquille O’Neal, and, on the other hand, Papa John’s Marketing Fund, Inc.
8 unchanged sentences
101 Financial statements from the quarterly report on Form 10-Q of Papa John’s International, Inc.
−Removed: for the quarter ended March 27, 2022, filed on May 5, 2022, formatted in iXBRL:
+Added: for the quarter ended June 26, 2022, filed on August 4, 2022, formatted in iXBRL:
(i) the Condensed Consolidated Balance Sheets, (ii) the Condensed Consolidated Statements of Operations, (iii) the Condensed Consolidated Statements of Comprehensive Income, (iv) the Condensed Consolidated Statements of Stockholders’ Deficit, (v) the Condensed Consolidated Statements of Cash Flows and (vi) the Notes to Condensed Consolidated Financial Statements.
4 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.