8 unchanged sentences
Dividend Policy
−Removed: We have never declared or paid cash dividends on our common stock.
−Removed: Following the Separation, we are considering paying a cash dividend.
−Removed: Payment of any cash dividends in the future will depend on our financial condition, operating results, and capital requirements as well as other factors deemed relevant by our board of directors.
−Removed: In addition, our credit facility restricts our ability to pay cash dividends.
+Added: SWBI has paid dividends on a quarterly basis since the spin-off of the outdoor products and accessories business.
+Added: Quarterly dividends, when declared, are paid approximately three weeks after earnings are announced.
+Added: Payment of any cash dividends depends on our financial condition, operating results, and capital requirements as well as other factors deemed relevant by our board of directors.
+Added: We paid dividends totaling $8.2 million during fiscal 2021.
+Added: There were no dividends paid prior to fiscal year 2021.
Securities Authorized for Issuance under Equity Compensation Plans
4 unchanged sentences
(iii) a peer group consisting of Sturm, Ruger & Company, Inc., Vista Outdoor, Inc., and National Presto Industries, Inc., (Peer Group on the graph below).
−Removed: The graph assumes an investment of $100 on April 30, 2015.
−Removed: The calculation of cumulative stockholder return on the Russell 2000 Index and the peer group include reinvestment of dividends, but the calculation of cumulative stockholder return on our common stock does not include reinvestment of dividends because we did not pay any dividends during the measurement period.
+Added: The graph assumes an investment of $100 on April 30, 2016 and dividend reinvested.
The performance shown is not necessarily indicative of future performance.
7 unchanged sentences
Repurchases of Common Stock
−Removed: As of April 30, 2020, we had no authorized share repurchase programs.
+Added: The following table sets forth certain information relating to the purchases of our common stock by us and any affiliated purchasers within the meaning of Rule 10b-18(a)(3) under the Exchange Act during the fiscal year ended April 30, 2021 (dollars in thousands, except per share data):
+Added: Total # of Shares
+Added: Maximum Dollar
+Added: Value of Shares
+Added: Part of Publicly
+Added: that May Yet Be
+Added: Average Price
+Added: Under the Plans
+Added: Per Share (2)
+Added: December 1 to January 31, 2020
+Added: March 1 to April 30, 2021
+Added: On December 15, 2020, our board of directors authorized the repurchase of $50.0 million of our common stock, subject to certain conditions, in the open market or privately negotiated transactions until December 14, 2021.
+Added: During fiscal 2021, we repurchased 2,737,489 shares of our common stock under this authorization.
+Added: On March 2, 2021, our board of directors authorized the repurchase of an additional $100.0 million of our common stock, subject to certain conditions, in the open market or privately negotiated transactions.
+Added: During fiscal 2021, we repurchased 3,380,447 shares of our common stock for $60.0 million.
+Added: Subsequent to fiscal 2021, we completed the second stock repurchase program by purchasing 1,967,420 shares of our common stock for $40.0 million.
We did not repurchase any shares of our common stock during fiscal 2020.
−Removed: Selected Financial Data
−Removed: The consolidated statements of income and cash flows data for the fiscal years ended April 30, 2020, 2019, and 2018 and the consolidated balance sheet data as of April 30, 2020 and 2019 have been derived from our audited consolidated financial statements included elsewhere in this report.
−Removed: The consolidated statements of income/(loss) and cash flows data for the fiscal years ended April 30, 2017 and 2016 and the consolidated balance sheet data as of April 30, 2018, 2017, and 2016 have been derived from our audited consolidated financial statements not included herein.
−Removed: You should read this information in conjunction with our consolidated financial statements, including the related notes, and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in Item 7 of this report.
−Removed: Fiscal Year Ended April 30,
−Removed: (In thousands, except share, per share, and ratio data)
−Removed: Cost of sales
−Removed: Operating expenses
−Removed: Operating (loss)/income
−Removed: Total other income/(expense), net
−Removed: (Loss)/income from operations before income taxes
−Removed: Income tax expense/(benefit)
−Removed: Net (loss)/income
−Removed: Net (loss)/income per share:
−Removed: Weighted average number of shares outstanding:
−Removed: Depreciation and amortization
−Removed: Capital expenditures
−Removed: Year-end financial position:
−Removed: Working capital
−Removed: Current ratio
−Removed: Current portion of notes and loans payable
−Removed: Notes and loans payable, net of current portion
−Removed: Capital lease payable, net of current portion
−Removed: Operating expenses for fiscal 2020 and 2019 include a $98.7 million and $10.4 million, respectively, impairment of goodwill in our Outdoor Products & Accessories segment.
−Removed: See Note 3 – Significant Accounting Policies to the consolidated financial statements for further detail.
−Removed: (Loss)/income from continuing operations for fiscal 2019 includes activity for the period subsequent to the acquisition of LaserLyte.
−Removed: Income from continuing operations for fiscal 2018 includes activity for the period subsequent to the acquisitions of Gemini Technologies, Incorporated and Fish Tales, LLC.
−Removed: See Note 2 – Acquisitions to the consolidated financial statements for further detail.
−Removed: Fiscal 2017 includes activity for the period subsequent to the acquisitions of Taylor Brands, LLC, Crimson Trace Corporation, and Ultimate Survival Technologies, Inc.
−Removed: in fiscal 2017.
+Added: The average price per share excludes fees paid to acquire the shares.
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.