1 unchanged sentence
Our common stock is traded on the NASDAQ Global Market under the symbol “STRT.”
−Removed: Registered shareholders of record at June 27, 2021, were 902.
+Added: Registered shareholders of record at July 3, 2022, were 850.
The Company’s Board of Directors authorized a stock repurchase program on October 16, 1996, and the program was publicly announced on October 17, 1996.
Since inception of the stock repurchase program, the Board of Directors has periodically increased the number of shares authorized for repurchase under the program.
−Removed: At June 27, 2021, the number of shares of the Company’s common stock authorized for repurchase under the program totaled 3,839,395.
+Added: At July 3, 2022, the number of shares of the Company’s common stock authorized for repurchase under the program totaled 3,839,395.
The program currently authorizes the repurchase of the Company’s common stock from time to time, directly or through brokers or agents, and has no expiration date.
−Removed: Over the life of the repurchase program through June 27, 2021, a total of 3,655,322 shares have been repurchased at a cost of approximately $136.4 million.
−Removed: No shares were repurchased during the year ended June 27, 2021.
−Removed: SELECTED FINANCIAL DATA
−Removed: The financial data for each period presented below reflects the consolidated results of STRATTEC SECURITY CORPORATION, its wholly owned Mexican subsidiary and its majority owned subsidiaries.
−Removed: Fiscal year 2017 has been retrospectively adjusted for the adoption of an update to the accounting guidance for the presentation of net periodic pension cost and net periodic postretirement benefit cost which requires the service cost component of net periodic benefit cost to be reported in the same line items as other compensation costs arising from services rendered by the pertinent employees during the applicable period while the remaining components of net periodic benefit cost are required to be presented separately outside a subtotal of income from operations.
−Removed: The information below should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and the Financial Statements and Notes thereto included elsewhere herein.
−Removed: The following data are in thousands of dollars except per share amounts.
−Removed: INCOME STATEMENT DATA
−Removed: Engineering, selling and administrative expenses
−Removed: Income (loss) from operations
−Removed: Interest income
−Removed: Equity earnings (loss) of joint ventures
−Removed: Interest expense
−Removed: Pension termination settlement charge
−Removed: Other (expense) income, net
−Removed: Income (loss) before taxes and non-controlling interest
−Removed: Provision (benefit) for income taxes
−Removed: Net income (loss)
−Removed: Net income attributable to non-controlling interest
−Removed: Net income (loss) attributable to
−Removed: STRATTEC SECURITY CORPORATION
−Removed: Earnings (loss) per share attributable to
−Removed: STRATTEC SECURITY CORPORATION:
−Removed: Cash dividends declared per share
−Removed: BALANCE SHEET DATA
−Removed: Net working capital
−Removed: Long-term liabilities
−Removed: Total STRATTEC SECURITY
−Removed: CORPORATION Shareholders’ equity
+Added: Over the life of the repurchase program through July 3, 2022, a total of 3,655,322 shares have been repurchased at a cost of approximately $136.4 million.
+Added: No shares were repurchased during the year ended July 3, 2022.
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.