4 unchanged sentences
We believe that the number of beneficial owners of our Common Stock is substantially greater than the number of record holders because a large portion of our Common Stock is held of record in broker “street names”.
−Removed: The following table provides information about repurchases of our Common Stock during the fourth quarter of fiscal 2019:
−Removed: Price Paid per
−Removed: (c) Total Number
−Removed: Part of Publicly
−Removed: Announced Plans
−Removed: or Programs(1)
−Removed: Dollar Value) of
−Removed: Shares that May
−Removed: Yet be Purchased
−Removed: Under the Plans
−Removed: or Programs(1)
−Removed: May 26, 2019 - June 29, 2019
−Removed: June 30, 2019 - July 27, 2019
−Removed: July 28, 2019 - August 31, 2019
−Removed: On January 2, 2019, our Board of Directors approved a share repurchase program authorizing the Company to repurchase from time to time up to $100.0 million of our outstanding shares of common stock.
−Removed: Repurchases made under the program, if any, will be made in either the open market or in privately negotiated transactions.
−Removed: The timing, manner, price and amount of any repurchases will depend on a variety of factors, including economic and market conditions, the Company stock price, corporate liquidity requirements and priorities, applicable legal requirements and other factors.
−Removed: The share repurchase program will be funded using our available cash or capacity under our Credit Agreement (as defined below) and may be suspended or discontinued at any time.
−Removed: In the year ended August 31, 2019, we repurchased 197,150 shares for an average price per share of $154.78.
The following table sets forth information concerning our equity compensation plans as of August 29, 2020:
23 unchanged sentences
Stock Performance Graph
−Removed: Set forth below is a line graph comparing the yearly percentage change in the cumulative total shareholder return on our Common Stock, based on the market price of our Common Stock, with the cumulative total shareholder return of a customized peer group consisting of one company, Cintas Corporation, the Russell 2000 index and the Standard & Poor’s 500 Stock Index, in each case assuming reinvestment of dividends.
−Removed: The calculation of cumulative total shareholder return assumes a $100 investment in our Common Stock, Cintas Corporation, the Russel 2000 Index and the S&P 500 Stock Index on August 31, 2014.
+Added: The graph below compares the cumulative five-year total return on UniFirst Corporation's Common Stock with the Russell 2000 Index and a customized peer group of three companies that includes:
+Added: Aramark, Cintas Corporation and Rollins, Inc.
+Added: The graph assumes an investment of $100 in each of UniFirst Corporation’s Common Stock, the Russell 2000 Index, and the performance through August 31, 2020, assuming the reinvestment of dividends.
SELECTED FINANCIAL DATA
23 unchanged sentences
Class B Common Stock
−Removed: During fiscal 2019, we purchased 0.2 million shares pursuant to a share repurchase program authorized by the Company’s Board of Directors.
+Added: During fiscal 2020, we purchased 0.1 million shares pursuant to a share repurchase program authorized by our Board of Directors.
+Added: This did not benefit our earnings per share during fiscal 2020.
+Added: During fiscal 2019, we purchased 0.2 million shares pursuant to a share repurchase program authorized by our Board of Directors.
This benefitted the Company’s diluted income per share by $0.05 in fiscal 2019.
−Removed: During fiscal 2017, we recorded a pre-tax non-cash impairment charge of $55.8 million once it was determined that it was not probable that the version of the CRM system that was being developed would be completed and placed into service.
+Added: During fiscal 2017, we recorded a pre-tax non-cash impairment charge of $55.8 million once it was determined that it was not probable that a CRM system that was being developed would be completed and placed into service.
During fiscal 2020, we entered into a settlement agreement with our lead contractor for the version of the CRM system with respect to which we recorded the impairment charge.
1 unchanged sentence
We also received hardware and related maintenance service with a fair value of $0.8 million as part of the settlement.
−Removed: This gain, net of tax, benefitted the Company’s diluted income per share by $0.81 in fiscal 2019.
−Removed: Our fiscal 2018 results include the impact of the Tax Cuts and Jobs Act enacted on December 22, 2017, which resulted in a benefit to the Company’s provision for income taxes of $20.1 million ($1.01 per diluted share) from the remeasurement of deferred tax balances and the one-time transition tax.
−Removed: Our fiscal 2018 results also included a $7.2 million pre-tax one-time cash bonus to our employees to share with them the benefits recei ved from recent U.S.
−Removed: Such bonus expense, net of tax, reduced the Company’s diluted earnings per share by $0.25 in fiscal 2018 .
−Removed: On March 27, 2018, we repurchased 1.105 million shares of Class B Common Stock and 0.073 million shares of Common Stock for a combined $146.0 million in a private transaction with the Croatti family at a per share price of $124.00, which benefited the Company’s diluted income per share by $0.20 in fiscal 2018.
+Added: This gain, net of tax, benefitted our diluted income per share by $0.81 in fiscal 2020.
+Added: Our fiscal 2018 results include the impact of the Tax Cuts and Jobs Act enacted on December 22, 2017, which resulted in a benefit to our provision for income taxes of $20.1 million ($1.01 per diluted share) from the remeasurement of deferred tax balances and the one-time transition tax.
+Added: Our fiscal 2018 results also included a $7.2 million pre-tax one-time cash bonus to our employees to share with them the benefits received from recent U.S.
+Added: Such bonus expense, net of tax, reduced our diluted earnings per share by $0.25 in fiscal 2018 .
+Added: On March 27, 2018, we repurchased 1.105 million shares of Class B Common Stock and 0.073 million shares of Common Stock for a combined $146.0 million in a private transaction with the Croatti family at a per share price of $124.00, which benefited our diluted income per share by $0.20 in fiscal 2018.
Our fiscal 2017 results included an impairment charge of capitalized costs as part of our ongoing CRM systems project totaling $55.8 million before tax.
−Removed: This loss, net of tax reduced the Company’s diluted earnings per share by $1.68 in fiscal 2017.
−Removed: Our fiscal 2017 results also include a $5.4 million pre-tax compensation expense as a result of the accelerated vesting of certain shares of restricted stock upon the death of the Company’s former Chief Executive Officer, Ronald Croatti, during the third quarter of fiscal 2017.
−Removed: This expense, net of tax, reduced the Company’s diluted earnings per share by $0.16.
+Added: This loss, net of tax reduced our diluted earnings per share by $1.68 in fiscal 2017.
+Added: Our fiscal 2017 results also include a $5.4 million pre-tax compensation expense as a result of the accelerated vesting of certain shares of restricted stock upon the death of our former Chief Executive Officer, Ronald Croatti, during the third quarter of fiscal 2017.
+Added: This expense, net of tax, reduced our diluted earnings per share by $0.16.
In the fourth fiscal quarter of 2016, operating results benefited from a settlement of environmental litigation that resulted in the Company recording a $15.9 million pre-tax gain.
−Removed: This gain, net of tax, increased the Company’s diluted earnings per share by $0.48.
−Removed: The Company’s fiscal year ends on the last Saturday in August.
−Removed: For financial reporting purposes, fiscal 2019 consists of 53 weeks and fiscal 2018, 2017, 2016 and 2015 consisted of 52 weeks each.
+Added: This gain, net of tax, increased our diluted earnings per share by $0.48.
+Added: Our fiscal year ends on the last Saturday in August.
+Added: For financial reporting purposes, fiscal 2019 consisted of 53 weeks and fiscal 2020, 2018, 2017 and 2016 consisted of 52 weeks each.
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.