4 unchanged sentences
Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: On December 8, 2015, the Company's board of directors approved a share repurchase program (the “2015 Share Repurchase Program”) authorizing up to $50.0 million of repurchases of shares of the Company's common stock.
−Removed: On November 30, 2017, the board of directors authorized the Company to extend the 2015 Share Repurchase Plan to December 31, 2018.
−Removed: The 2015 Share Repurchase program was completed on November 27, 2018.
−Removed: On November 29, 2018, the Company's board of directors approved a new share repurchase plan (the “2018 Share Repurchase Program”) authorizing up to $50.0 million of repurchases of shares of the Company's common stock.
−Removed: The 2018 Share Repurchase Program is scheduled to expire on December 14, 2020.
−Removed: Subsequent to the fiscal 2020 year end, in light of the 2019 novel coronavirus (COVID-19) pandemic, the Company suspended the 2018 Share Repurchase Program.
−Removed: During the fiscal year ended February 1, 2020 , the Company purchased and held 1,075,749 shares at an average price of $10.52 per share, excluding commissions, for an aggregate amount of $11.3 million , under the 2018 Share Repurchase Program.
−Removed: During the fiscal year ended February 2, 2019 , the Company purchased and held 1,293,138 shares at an average price of $12.58 per share, excluding commissions, for an aggregate amount of $16.3 million .
−Removed: Of these purchases, 320,296 shares at an average price of $8.86 per share, for an aggregate amount of $2.8 million , were purchased under the 2018 Share Repurchase Plan.
−Removed: During the fiscal year ended February 3, 2018 , the Company purchased and held 934,031 shares at an average price of $8.47 per share, excluding commissions, for an aggregate amount of $7.9 million , under the 2015 Share Repurchase Program.
−Removed: As of February 1, 2020 , the Company held as treasury shares 8,011,372 shares of its common stock at an average price of $13.00 per share, excluding commissions, for an aggregate carrying amount of $104.2 million .
−Removed: The Company’s treasury shares may be issued under the 2010 Equity and Incentive Plan or for other corporate purposes.
−Removed: Details on the shares repurchased under the 2018 Share Repurchase Programs during the thirteen weeks ended February 1, 2020 are as follows:
−Removed: Total Number of Shares Purchased
−Removed: Average Price Paid per Share
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
−Removed: Maximum Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs
+Added: There was no activity under the 2018 Share Repurchase Program during the thirteen weeks ended January 30, 2021.
+Added: To conserve cash as a result of COVID-19, the Company temporarily suspended the 2018 Share Repurchase Program.
+Added: Refer to Note 13 of the Notes to the Consolidated Financial Statements as set forth in Part II, Item 8.
+Added: of this Annual Report on Form 10-K for additional information regarding our share repurchase programs.
+Added: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs
November 1, 2020 - November 28, 2020 — $ — — $ 32,939,607
−Removed: December 1, 2019 - January 4, 2020
−Removed: January 5, 2020 - February 1, 2020
+Added: November 29, 2020 - January 2, 2021 — — — 32,939,607
+Added: January 3, 2021 - January 30, 2021 — — — 32,939,607
Our common stock began trading on October 21, 2010, following our initial public offering.
1 unchanged sentence
Stock Performance Graph
−Removed: The graph set forth below compares the cumulative shareholder return on our common stock between January 31, 2015, and February 1, 2020 , to the cumulative return of (i) the S&P 500 Index and (ii) the S&P 500 Apparel, Accessories, and Luxury Goods Index over the same period.
+Added: The graph set forth below compares the cumulative shareholder return on our common stock between January 30, 2016, and January 30, 2021, to the cumulative return of (i) the S&P 500 Index and (ii) the S&P 500 Apparel, Accessories, and Luxury Goods Index over the same period.
This graph assumes an initial investment of $100 on January 30, 2016, in our common stock, the S&P 500 Index, and the S&P 500 Apparel, Accessories, and Luxury Goods Index and assumes the reinvestment of dividends, if any.
5 unchanged sentences
Vera Bradley, Inc.
+Added: $ 100.00 $ 78.48 $ 63.13 $ 59.94 $ 64.82 $ 57.17
S&P 500 Index $ 100.00 $ 120.87 $ 148.47 $ 148.38 $ 180.37 $ 211.48
S&P 500 Apparel, Accessories, and Luxury Goods Index $ 100.00 $ 85.20 $ 108.75 $ 101.36 $ 93.38 $ 91.33
−Removed: Selected Financial Data
−Removed: The following tables present selected consolidated financial and other data as of and for the years indicated.
−Removed: The selected income statement data for the most recent three fiscal years presented and the selected balance sheet data as of February 1, 2020 and February 2, 2019 are derived from our audited consolidated financial statements included in Item 8 of this report.
−Removed: The selected income statement data for the fiscal years ended January 28, 2017 , and January 30, 2016 , and selected balance sheet data as of February 3, 2018 , January 28, 2017 , and January 30, 2016 , are derived from our audited consolidated financial statements that are not included elsewhere in this report.
−Removed: The historical results presented below are not necessarily indicative of the results to be expected for any future period.
−Removed: You should read this selected consolidated financial and other data in conjunction with the consolidated financial statements and related notes and the information under “Management’s Discussion and Analysis of Financial Condition and Results of Operations” appearing elsewhere in this report.
−Removed: Fiscal Year Ended (1)(2)(3)
−Removed: ($ in thousands, except per share data and as otherwise indicated)
−Removed: Consolidated Statement of Operations Data:
−Removed: Cost of sales
−Removed: Selling, general, and administrative expenses (4)
−Removed: Operating income
−Removed: Interest (income) expense, net
−Removed: Income before income taxes
−Removed: Income tax expense (5)
−Removed: Net loss attributable to redeemable noncontrolling interest
−Removed: Net income attributable to Vera Bradley, Inc.
−Removed: Basic weighted-average shares outstanding
−Removed: Diluted weighted-average shares outstanding
−Removed: Basic net income per share attributable to Vera Bradley, Inc.
−Removed: Diluted net income per share attributable to Vera Bradley, Inc.
−Removed: Net Revenues by Segment (2) :
−Removed: Store Data (6) :
−Removed: Total stores open at end of year
−Removed: Comparable sales (including e-commerce) increase (decrease) (7)
−Removed: Total gross square footage at end of year
−Removed: Average net revenues per gross square foot (8)
−Removed: ($ in thousands)
−Removed: Consolidated Balance Sheet Data:
−Removed: Cash and cash equivalents
−Removed: Short-term investments
−Removed: Working capital
−Removed: Long-term investments
−Removed: Shareholders’ equity of Vera Bradley, Inc.
−Removed: The Company utilizes a 52-53 week fiscal year.
−Removed: Fiscal years 2020, 2019, 2017, and 2016 consisted of 52 weeks.
−Removed: Fiscal year 2018 consisted of 53 weeks.
−Removed: The extra week contributed approximately $4.1 million in net revenues and added an estimated $0.01 to diluted net income per share in fiscal 2018.
−Removed: By segment, the extra week contributed net revenues of approximately $3.0 million to VB Direct and $1.1 million to VB Indirect in fiscal 2018.
−Removed: Refer to Note 3 to the Notes to the Consolidated Financial Statements herein regarding the adoption of ASC 606, Revenue from Contracts with Customers, which was effective beginning in fiscal 2019.
−Removed: Also refer to Note 14 regarding Vision 20/20-related charges affecting the comparability of financial information.
−Removed: Includes Pura Vida operations as of July 17, 2019, the first full business day following the acquisition.
−Removed: Prior periods have not been recast.
−Removed: Refer to Note 16 to the Notes to the Consolidated Financial Statements herein for additional information.
−Removed: Impairment charges, related to underperforming stores, totaled $6.3 million , $12.7 million , and $2.8 million , during the fiscal years ended February 3, 2018, January 28, 2017, and January 30, 2016, respectively.
−Removed: There were no impairment charges during the fiscal years ended February 1, 2020 and February 2, 2019.
−Removed: Refer to Note 5 to the Notes to the Consolidated Financial Statements herein for additional information.
−Removed: Fiscal 2018 includes a $2.1 million net charge as a result of the Tax Cuts and Jobs Act.
−Removed: Refer to Note 7 to the Notes to the Consolidated Financial Statements herein for additional information.
−Removed: Includes full-line and factory outlet stores.
−Removed: Comparable sales are calculated based upon stores that have been open for at least 12 full fiscal months and net revenues from e-commerce operations.
−Removed: Increase (decrease) is reported as a percentage of the comparable sales for the same period in the prior fiscal year.
−Removed: Remodeled stores are included in comparable sales unless the store was closed for a portion of the current or comparable prior period, in which case the non-comparable temporary closure periods are not included, or the remodel resulted in a significant change in square footage.
−Removed: Calculation excludes sales for the 53 rd week in fiscal 2018.
−Removed: For additional information regarding comparable sales, refer to Management’s Discussion and Analysis of Financial Condition and Results of Operations.
−Removed: Dollars not in thousands.
−Removed: Average net revenues per gross square foot are calculated by dividing total net revenues for our stores that have been open at least 12 full fiscal months as of the end of the period by total gross square footage for those stores.
−Removed: Remodeled stores are included in average net revenues per gross square foot unless the store was closed for a portion of the period.
−Removed: Calculation excludes sales for the 53 rd week in fiscal 2018.
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.