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We estimate that there are in excess of 11,000 beneficial holders of our common stock.
−Removed: Future declaration and payment of dividends is at the discretion of our Board, and depends upon, among other things, our investment policy and opportunities, results of operations, financial condition, cash requirements, future prospects, and other factors that may be considered relevant by our Board at the time of its determination.
+Added: Although we have a history of paying quarterly cash dividends on our common stock, future declaration and payment of dividends is at the discretion of our Board, and depends upon, among other things, our investment policy and opportunities, results of operations, financial condition, cash requirements, future prospects, and other factors that may be considered relevant by our Board at the time of its determination.
Such other factors include limitations contained in the agreement for our Syndicated Credit Facility and the indenture for our Senior Notes, each of which specify conditions as to when any dividend payments may be made.
1 unchanged sentence
Stock Performance
−Removed: The following graph and table compare, for the period comprised of the Company’s five preceding fiscal years ended December 31, 2023, the Company’s total returns to shareholders (assuming all dividends were reinvested) with that of (i) all companies listed on the Nasdaq Composite Index, (ii) our previous self-determined peer group, and (iii) our new self-determined peer group, assuming an initial investment of $100 in each on December 30, 2018 (the last day of the fiscal year 2018).
−Removed: In 2023, the Company updated its self-determined peer group to exclude Kimball International, Inc., which was acquired in 2023 and no longer trades publicly, and also to incorporate other peer group changes to align with the peer group used to measure executive compensation.
+Added: The following graph and table compare, for the period comprised of the Company’s five preceding fiscal years ended December 29, 2024, the Company’s total returns to shareholders (assuming all dividends were reinvested) with that of (i) all companies listed on the Nasdaq Composite Index, and (ii) our previous self-determined peer group, and (iii) our new self-determined peer group, assuming an initial investment of $100 in each on December 29, 2019 (the last day of the fiscal year 2019).
+Added: In 2024, the Company updated its self-determined peer group to exclude PGT Innovations, Inc., SP Plus Corporation, and Glatfelter Corporation, which were acquired in 2024 and no longer trade publicly and also to incorporate other peer group changes to align with the peer group used to measure executive compensation.
+Added: was removed because its smaller size no longer aligned with the peer group profile.
+Added: American Woodmark Corporation, Gibraltar Industries, Inc., Quanex Building Products Corporation, and Tredegar Corporation were appropriate additions in terms of size and industry, while also enhancing the group’s sample size and placing the Company near the median of the peer group.
In determining its peer group companies, the Company considered various factors, including the potential peer’s industry, business model, size and complexity.
The Company chose a peer group that is a better representation of the Company’s size and market capitalization with minimal revenue dispersion, and with companies in similar industries or lines of business or subject to similar economic and business cycles, including companies with a significant international presence that are also focused on sustainability.
−Removed: December 30, 2018 December 29, 2019 January 3, 2021 January 2, 2022 January 1, 2023 December 31, 2023
+Added: December 29, 2019 January 3, 2021 January 2, 2022 January 1, 2023 December 31, 2023 December 29, 2024
Interface, Inc.
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(4) The following companies are included in the Previous Self-Determined Peer Group depicted above:
−Removed: Acuity Brands, Inc.;
−Removed: Albany International Corp.;
+Added: ACCO Brands Corporation;
Apogee Enterprises, Inc.;
Armstrong World Industries, Inc.;
−Removed: Caesarstone Ltd.;
−Removed: Enviri Corporation (formerly Harsco Corporation);
−Removed: Gentherm Incorporated;
−Removed: Glatfelter Corporation;
−Removed: Fuller Company;
+Added: Enviri Corporation;
HNI Corporation;
−Removed: Kimball International, Inc.;
−Removed: Masonite International Corporation;
−Removed: Materion Corporation;
MillerKnoll, Inc.;
Steelcase Inc.;
−Removed: and Unifi, Inc.
−Removed: Kimball International, Inc.
−Removed: is included as a peer for periods prior to its acquisition in 2023.
+Added: and VSE Corporation.
+Added: Glatfelter Corporation, PGT Innovations, Inc., and SP Plus Corporation were acquired in 2024 and no longer trade publicly, and therefore are excluded from the Previous Self-Determined Peer Group.
(5) The following companies are included in the New Self-Determined Peer Group depicted above:
ACCO Brands Corporation;
+Added: American Woodmark Corporation;
Apogee Enterprises, Inc.;
Armstrong World Industries, Inc.;
−Removed: Enviri Corporation (formerly Harsco Corporation);
−Removed: Glatfelter Corporation;
+Added: Enviri Corporation;
+Added: Gibraltar Industries, Inc.;
HNI Corporation;
MillerKnoll, Inc.;
−Removed: PGT Innovations, Inc.;
−Removed: SP Plus Corporation;
+Added: Quanex Building Products Corporation;
Steelcase Inc.;
+Added: Tredegar Corporation;
and VSE Corporation.
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Plans or Programs (2)
−Removed: October 2, 2023 – October 29, 2023
+Added: September 30, 2024 – October 27, 2024
— $ — — $ 82,828,595
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Total — $ — —
−Removed: (1) The monthly periods identified above correspond to the Company’s fiscal fourth quarter of 2023, which commenced October 2, 2023 and ended December 31, 2023.
+Added: (1) The monthly periods identified above correspond to the Company’s fiscal fourth quarter of 2024, which commenced September 30, 2024 and ended December 29, 2024.
(2) On May 17, 2022, the Company announced a share repurchase program authorizing the repurchase of up to $100 million of common stock.
2 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.