16 unchanged sentences
Pursuant to the Company’s debt facilities, the Company is subject to limitations on dividends and repurchases of capital stock.
−Removed: If the Company’s Total Leverage Ratio is greater than 2.75 to 1.00, as defined in the Company’s Senior Secured Credit Facility, last amended on November 2, 2021, (see Note 12.
+Added: If the Company’s Total Leverage Ratio is greater than 2.75 to 1.00, as defined in the Company’s Senior Secured Credit Facility, last amended on January 24, 2023, (see Note 10.
“Debt,” for more details on the amendment), the Company is prohibited from making greater than $60.0 million of dividend payments, capital stock repurchases and certain other payments, over the course of the agreement.
1 unchanged sentence
If the Total Leverage Ratio is less than 2.50 to 1.00, there are no such restrictions.
+Added: Table o f Contents
Securities Authorized For Issuance Under Equity Compensation Plans
15 unchanged sentences
The program may be suspended or discontinued at any time.
−Removed: There were no shares of the Company’s class A stock repurchased during the years December 31, 2021 and 2020 .
+Added: There were 3,093,662 shares of the Company’s class A stock repurchased during the year ended December 31, 2022.
+Added: There were no shares repurchased during the year ended December 31, 2021.
As of December 31, 2022, there were $90.1 million of authorized repurchases remaining under the program.
+Added: Table o f Contents
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.