15 unchanged sentences
As of December 31, 2021, $49.0 million remained available to purchase under the Program.
−Removed: For additional information regarding share repurchases, refer to “Note 18 – Share Repurchases” to “Item 8.
+Added: For additional information regarding share repurchases, refer to “Note 8 – Capital Stock and Equity Compensation” to “Item 8.
Financial Statements and Supplementary Data.”
−Removed: Selected Financial Data
−Removed: (Dollars in thousands, except per share amounts) 2020 2019 2018 2017 2016
−Removed: Financial Results
−Removed: Net sales $ 802,583 $ 898,260 $ 879,091 $ 821,043 $ 656,314
−Removed: Income before income tax expense $ 68,534 $ 55,126 $ 110,589 $ 132,925 $ 82,280
−Removed: Net income $ 49,990 $ 47,319 $ 87,651 $ 80,459 $ 48,283
−Removed: Per Share Data
−Removed: Basic earnings per share $ 2.68 $ 2.55 $ 4.77 $ 4.43 $ 2.68
−Removed: Diluted earnings per share $ 2.67 $ 2.53 $ 4.70 $ 4.34 $ 2.65
−Removed: Book value $ 54.65 $ 50.27 $ 46.12 $ 41.99 $ 35.28
−Removed: Financial Position
−Removed: Current assets $ 474,175 $ 464,102 $ 485,786 $ 454,523 $ 458,401
−Removed: Current liabilities $ 111,509 $ 100,225 $ 107,180 $ 113,808 $ 101,185
−Removed: Ratio of current assets to current liabilities 4.3 to 1 4.6 to 1 4.5 to 1 4.0 to 1 4.5 to 1
−Removed: Cash and cash equivalents $ 191,785 $ 166,849 $ 167,738 $ 181,159 $ 227,767
−Removed: Net working capital $ 362,666 $ 363,877 $ 378,606 $ 340,715 $ 357,216
−Removed: Property, plant and equipment, net $ 272,378 $ 260,246 $ 242,759 $ 179,611 $ 176,916
−Removed: Total assets $ 1,264,005 $ 1,273,181 $ 1,279,344 $ 1,125,134 $ 1,056,500
−Removed: Borrowings under revolving credit facility $ 25,000 $ 123,000 $ 228,482 $ 130,982 $ 235,877
−Removed: Shareholders’ equity $ 1,020,755 $ 933,900 $ 848,324 $ 766,573 $ 635,786
−Removed: Borrowings under revolving credit facility as a percentage of shareholders’ equity 2.4 % 13.2 % 26.9 % 17.1 % 37.1 %
−Removed: Depreciation and amortization $ 71,425 $ 49,162 $ 50,073 $ 44,099 $ 37,847
−Removed: Research and development expenses $ 29,320 $ 31,685 $ 33,075 $ 29,547 $ 28,582
−Removed: Capital expenditures $ 40,385 $ 51,597 $ 90,549 $ 27,215 $ 18,136
−Removed: Number of employees (approximate) 3,350 3,600 3,700 3,400 3,100
−Removed: Net sales per employee $ 240 $ 250 $ 238 $ 241 $ 212
−Removed: Number of shares outstanding as of December 31 18,677 18,577 18,395 18,255 18,021
−Removed: The financial data included within the preceding table should be read in conjunction with our Management’s Discussion and Analysis of Results of Operations and Financial Position as well as the Financial Statements and Supplementary Data included in Items 7 and 8, respectively, of this Form 10-K, and with our previously filed Forms 10-K.
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.