6 unchanged sentences
The following table sets forth, for the fourth quarter, our total stock repurchases, average price paid per share and the maximum number of shares that may yet be purchased on the open market under our plans or programs:
−Removed: Total Number of Shares Purchased (1)
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
−Removed: Total Dollar Value of Shares Purchased as Part of Publicly Announced Plans or Programs (2)
−Removed: Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (3)
+Added: Period Total Number of Shares Purchased (1)
+Added: per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs (2)
October 1, 2020 - October 31, 2020 113,700 $ 38.67 113,075 100,000
1 unchanged sentence
December 1, 2020 - December 31, 2020 63,935 52.04 — 500,000
−Removed: The repurchases in November and December represent common shares of the Company that were owned and tendered by employees to satisfy tax withholding obligations in connection with the vesting of restricted shares.
−Removed: Amounts in this column reflect the weighted average price paid for shares purchased under our share repurchase authorizations, inclusive of commissions paid to brokers.
−Removed: On October 30, 2018, our Board of Directors approved a repurchase plan authorizing the repurchase of up to $5.0 million of our common stock ("2018 Plan").
−Removed: On December 31, 2019 , we had $3.9 million of authorized repurchases remaining under the 2018 Plan.
−Removed: On March 10, 2020, our Board of Directors replaced the 2018 Plan with a new repurchase plan authorizing the repurchase of up to 300,000 shares.
−Removed: We may utilize various methods to effect the repurchases, which may include open market repurchases, negotiated block transactions, accelerated share repurchases or open market solicitations for shares, some of which may be effected through Rule 10b5-1 plans.
−Removed: The timing and amount of future repurchases, if any, will depend upon several factors, including market and business conditions, and such repurchases may be discontinued at any time.
+Added: Total 180,639 $ 43.49 113,075
+Added: (1) Of the repurchases in October, November, and December, 625, 3,004 and 63,935 shares, respectively, represent common shares of the Company that were owned and tendered by employees to satisfy option cost and tax withholding obligations in connection with stock option exercises and the vesting of restricted shares.
+Added: (2) On October 28, 2020, our Board of Directors authorized a new share repurchase program (the "November 2020 Program"), which replaced in its entirety the Company's previous repurchase program in place prior to October 28, 2020.
+Added: Pursuant to the November 2020 Program, we may, from time to time until February 18, 2021, repurchase up to 500,000 shares of our common stock.
+Added: At December 31, 2020, we had 500,000 shares of common stock authorized for repurchase remaining under the November 2020 Program.
+Added: On February 11, 2021, our Board approved a new share repurchase program with an effective date of February 23, 2021 (the "February 2021 Program").
+Added: Pursuant to the February 2021 Program, we may, from time to time until May 6, 2021, repurchase up to 300,000 shares of our common stock.
+Added: We may repurchase shares of common stock in privately negotiated and/or open-market transactions, including pursuant to plans complying with Rule 10b5-1 promulgated under the Exchange Act.
Equity Compensation Plans
Information regarding our equity compensation plans is incorporated by reference to "ITEM 12.
−Removed: SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS" under the caption "Equity Compensation Plan Information" and "ITEM 8.
−Removed: FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA — Notes to Consolidated Financial Statements — Note 15".
+Added: SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS" under the caption "Equity Compensation Plan Information".
Performance Chart
4 unchanged sentences
The comparisons in the graph and table below are based on historical data and are not intended to forecast the possible future performance of our common stock.
+Added: 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020
Universal Electronics Inc.
+Added: $ 100 $ 126 $ 92 $ 49 $ 102 $ 102
S&P Small Cap 600 $ 100 $ 125 $ 139 $ 126 $ 152 $ 167
1 unchanged sentence
Peer Group Index (1)
+Added: $ 100 $ 141 $ 182 $ 174 $ 209 $ 346
(1) Companies in the Peer Group Index are as follows:
−Removed: TiVo Corporation (formerly Rovi Corporation), Logitech International, Dolby Laboratories, Inc., and VOXX International Corp.
+Added: Xperi Corporation (formerly TiVo Corporation), Logitech International, Dolby Laboratories, Inc., and VOXX International Corp.
The information presented above is as of December 31, 2015 through December 31, 2020.
6 unchanged sentences
(In thousands, except per share data) 2020 2019 2018 2017 2016
+Added: Net sales $ 614,680 $ 753,477 $ 680,241 $ 695,790 $ 651,371
Operating income (loss) $ 37,267 $ 15,315 $ (1,665) $ 10,670 $ 25,397
Net income (loss) attributable to Universal Electronics Inc.
+Added: $ 38,572 $ 3,630 $ 11,924 $ (10,323) $ 20,354
Earnings (loss) per share attributable to Universal Electronics Inc.:
+Added: Basic $ 2.78 $ 0.26 $ 0.85 $ (0.72) $ 1.41
+Added: Diluted $ 2.72 $ 0.26 $ 0.85 $ (0.72) $ 1.38
Shares used in computing earnings (loss) per share:
+Added: Basic 13,893 13,879 13,948 14,351 14,465
+Added: Diluted 14,166 14,109 14,060 14,351 14,764
Cash dividends declared per common share — — — — —
+Added: Gross profit 28.7 % 22.6 % 20.8 % 23.8 % 25.2 %
Operating expenses as a % of net sales 22.6 % 20.6 % 21.1 % 22.3 % 21.3 %
5 unchanged sentences
Ratio of current assets to current liabilities 1.8 1.4 1.4 1.2 1.5
+Added: Total assets $ 510,290 $ 564,159 $ 555,596 $ 608,430 $ 521,036
Cash and cash equivalents $ 57,153 $ 74,302 $ 53,207 $ 62,438 $ 50,611
2 unchanged sentences
Book value per share (1)
+Added: $ 22.75 $ 19.68 $ 19.03 $ 18.04 $ 19.28
Ratio of liabilities to liabilities and stockholders' equity 38.6 % 51.4 % 52.7 % 58.3 % 46.2 %
(1) Book value per share is defined as stockholders' equity divided by common shares issued less treasury stock.
−Removed: The comparability of information for 2019 , 2018 , 2017 and 2016 compared to previous years is affected by the acquisitions of the net assets of Ecolink during the third quarter of 2015 and RCS during the second quarter of 2017.
−Removed: FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA - Notes to Consolidated Financial Statements - Note 21" for further information.
+Added: The comparability of information for 2020, 2019, 2018, and 2017 compared to previous years is affected by the acquisition of the net assets of RCS Technology, LLC ("RCS") during the second quarter of 2017.
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.