12 unchanged sentences
Pursuant to our bank loan agreement, as discussed in Note (8) "Debt" to our Consolidated Financial Statements included in Item 8 of this annual report on Form 10-K, the payment of cash dividends is subject to annual restrictions.
−Removed: We have paid cash dividends each year since 1973 and have increased our dividend each year since 2004.
+Added: We have paid cash dividends each year since 1973.
Certain Sales and Repurchases of VSE Common Stock
During the fiscal year covered by this Form 10-K, VSE did not sell any of its equity securities that were not registered under the Securities Act.
−Removed: During the fourth quarter of the fiscal year covered by this Form 10-K, no purchases of equity securities of VSE were made by or on behalf of VSE or any "affiliated purchaser" (as defined in Rule 10b-18 (a)(3) under the Exchange Act) other than 25,859 shares of our restricted common stock that were voluntarily forfeited to VSE by participants in its 2006 Restricted Stock Plan to cover their personal tax liability for restricted stock awards under the VSE Corporation 2006 Restricted Stock Plan (the "2006 Restricted Stock Plan").
+Added: During the fourth quarter of the fiscal year covered by this Form 10-K, no purchases of equity securities of VSE were made by or on behalf of VSE or any "affiliated purchaser" (as defined in Rule 10b-18 (a)(3) under the Exchange Act) other than 16,084 shares of our common stock that were voluntarily forfeited to VSE by participants in its 2006 Restricted Stock Plan (the "2006 Plan") to cover their personal tax liability for vesting stock awards under the 2006 Plan.
Equity Compensation Plan Information
−Removed: We have one compensation plan approved by our stockholders under which our equity securities are authorized for issuance to employees and directors:
−Removed: the 2006 Restricted Stock Plan.
−Removed: The following table sets forth the amounts of securities authorized for issuance under the 2006 Restricted Stock Plan as of December 31, 2020.
+Added: We have two compensation plans approved by our stockholders under which our equity securities are authorized for issuance to employees and directors:
+Added: the 2006 Plan and the VSE Corporation 2021 Employee Stock Purchase Plan ("ESPP").
+Added: The following table sets forth the amounts of securities authorized for issuance under the 2006 Plan and the ESPP as of December 31, 2021.
Plan Category Number of securities to be issued upon exercise of outstanding options, warrants and rights Weighted-average exercise price of outstanding options, warrants and rights Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a))
2 unchanged sentences
Total — $ — 1,152,647
−Removed: See Note (10) "Stock-Based Compensation Plans" to our Consolidated Financial Statements included in Item 8 of this annual report on Form 10-K for additional information regarding the 2006 Restricted Stock Plan.
+Added: See Note (10) "Stock-Based Compensation Plans" to our Consolidated Financial Statements included in Item 8 of this annual report on Form 10-K for additional information regarding the 2006 Plan and the ESPP.
Performance Graph
−Removed: Set forth below is a line graph comparing the cumulative total return of VSE common stock with (a) a performance index for the broad market, the NASDAQ Global Select Market, on which VSE common stock is traded and (b) a the Company's peer group which is comprised of other public companies that operate in industries or lines of businesses similar to ours.
−Removed: These companies include Heico Corporation, Dorman Products, Inc., Navistar International Corporation, Vectrus, Inc., ManTech International Corporation, and CACI International Inc.
+Added: Set forth below is a line graph comparing the cumulative total return of VSE common stock with (a) a performance index for the broad market, the NASDAQ Global Select Market, on which VSE common stock is traded and (b) the Company's peer group which is comprised of other public companies that operate in industries or lines of businesses similar to ours.
+Added: These companies include Heico Corporation, Dorman Products, Inc., Vectrus, Inc., ManTech International Corporation, and CACI International Inc.
The companies in the Peer Group have been weighted based on their relative market capitalization each year.
8 unchanged sentences
Peer Group 100 123.42 151.53 219.02 244.42 262.73
−Removed: Selected Financial Data
−Removed: This consolidated summary of selected financial data should be read in conjunction with "Management's Discussion and Analysis of Financial Condition and Results of Operations" included in Item 7 of this Form 10-K and with the Consolidated Financial Statements and related Notes included in Item 8 of this Form 10-K.
−Removed: Results for reporting periods beginning after January 1, 2018 are presented under the adoption of Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers (Topic 606) , while prior period amounts are not adjusted and continue to be reported in accordance with previous guidance.
−Removed: Effective January 1, 2019, we adopted ASU 2016-02 , Leases (Topic 842) , prior periods were not restated for the adoption of ASU 2016-02.
−Removed: The historical results set forth in this Item 6 are not necessarily indicative of VSE's future results of operations.
−Removed: (in thousands, except per share data)
−Removed: Years ended December 31,
−Removed: 2020 2019 2018 2017 2016
−Removed: Revenues $ 661,659 $ 752,627 $ 697,218 $ 760,113 $ 691,790
−Removed: Net (loss) income (1)
−Removed: $ (5,171) $ 37,024 $ 35,080 $ 39,096 $ 26,793
−Removed: Basic earnings per share:
−Removed: Net (loss) income (1)
−Removed: $ (0.47) $ 3.38 $ 3.23 $ 3.61 $ 2.48
−Removed: Diluted earnings per share:
−Removed: Net (loss) income (1)
−Removed: $ (0.47) $ 3.35 $ 3.21 $ 3.60 $ 2.47
−Removed: Cash dividends per common share $ 0.36 $ 0.35 $ 0.31 $ 0.270 $ 0.235
−Removed: (1) Net income and basic and diluted earnings per share prior to 2017 were not impacted by the Tax Cuts and Jobs Act.
−Removed: As of December 31,
−Removed: 2020 2019 2018 2017 2016
−Removed: Working capital $ 215,729 $ 191,158 $ 176,342 $ 134,563 $ 110,021
−Removed: Total assets $ 780,081 $ 845,864 $ 638,828 $ 629,013 $ 661,839
−Removed: Long-term debt $ 230,714 $ 253,128 $ 151,133 $ 165,614 $ 193,621
−Removed: Long-term operating lease obligations $ 22,815 $ 24,441 $ — $ — $ —
−Removed: Long-term lease obligations $ — $ — $ 18,913 $ 20,581 $ 21,959
−Removed: Stockholders' equity $ 356,317 $ 363,101 $ 328,395 $ 293,095 $ 255,194
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.