4 unchanged sentences
The dividend was paid on February 21, 2025 to stockholders of record as of the close of business on February 10, 2025.
−Removed: We anticipate continuing the payment of quarterly cash dividends.
+Added: We anticipate continuing the payment of a quarterly cash dividend.
The actual amount of such dividends is subject to declaration by our Board of Directors and will depend upon future earnings, results of operations, capital requirements, our financial condition, contractual restrictions, including the terms of the agreements governing our debt and any future indebtedness we may incur and other relevant factors.
1 unchanged sentence
On October 28, 2021, our Board of Directors approved a share repurchase program with an indefinite duration for up to $425.0 million of the Company’s common stock.
−Removed: In fiscal 2023, approximately 2,523,000 shares with an aggregate cost of $209.6 million and an average price of $83.10 per share were repurchased under our share repurchase program.
−Removed: This includes the repurchase of approximately 2.2 million shares from certain funds affiliated with, or managed by, Starboard Value LP;
−Removed: refer to “Note 6.
−Removed: Stockholders’ Deficit” of “Notes to Consolidated Financial Statements” for additional details.
−Removed: Funding for the share repurchase program was provided through our operating cash flows and cash provided from borrowings under our $600.0 million revolving credit facility (the “PJI Revolving Facility”).
−Removed: The following table summarizes our repurchase activity by fiscal period during the fourth quarter ended December 31, 2023 (in thousands, except per share amounts):
−Removed: Fiscal Period Total
−Removed: Purchased Average
−Removed: Share Total Number
−Removed: of Shares Purchased
−Removed: as Part of Publicly
−Removed: Announced Plans
−Removed: or Programs Maximum Dollar
−Removed: Value of Shares
−Removed: that May Yet Be
−Removed: Purchased Under the
−Removed: Plans or Programs
−Removed: 9/25/2023 - 10/22/2023 — $ — — $ 90,160
−Removed: 10/23/2023 - 11/19/2023 — — — 90,160
−Removed: 11/20/2023 - 12/31/2023 — — — 90,160
−Removed: Total — $ — — $ 90,160
−Removed: We did not repurchase any shares subsequent to year-end.
+Added: There was no share repurchase activity in fiscal 2024, and we did not repurchase any shares subsequent to December 29, 2024.
Approximately $90.2 million remained available under the Company’s share repurchase program as of February 21, 2025.
23 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.