1 unchanged sentence
Market Information
−Removed: The Company’s common stock is traded on the NASDAQ Global Select Market under the trading symbol WDFC.
−Removed: On October 16, 2020, the last reported sales price of the Company’s common stock on the NASDAQ Global Select Market was $197.93 per share, and there were 13,664,838 shares of common stock outstanding held by approximately 608 holders of record.
−Removed: The Company has historically paid regular quarterly cash dividends on its common stock.
−Removed: In December 2019, the Board of Directors declared a 10% increase in the regular quarterly cash dividend, increasing it from $0.61 per share to $0.67 per share.
−Removed: On October 5, 2020, the Company’s Board of Directors declared a cash dividend of $0.67 per share payable on October 30, 2020 to shareholders of record on October 16, 2020.
−Removed: The Board of Directors of the Company presently intends to continue the payment of regular quarterly cash dividends on the Company’s common stock.
−Removed: The Company’s ability to pay dividends could be affected by future business performance, liquidity, capital needs, alternative investment opportunities and debt covenants.
+Added: Our common stock is traded on the NASDAQ Global Select Market under the trading symbol WDFC.
+Added: On October 18, 2021, the last reported sales price of our common stock on the NASDAQ Global Select Market was $228.96 per share, and there were 13,708,966 shares of common stock outstanding held by approximately 582 holders of record.
+Added: We have historically paid regular quarterly cash dividends on our common stock.
+Added: In March 2021, the Board of Directors declared a 7% increase in the regular quarterly cash dividend, increasing it from $0.67 per share to $0.72 per share.
+Added: On October 4, 2021, our Board of Directors declared a cash dividend of $0.72 per share payable on October 29, 2021 to shareholders of record on October 15, 2021.
+Added: The Board of Directors of the Company presently intends to continue the payment of regular quarterly cash dividends on our common stock.
+Added: Our ability to pay dividends could be affected by future business performance, liquidity, capital needs, alternative investment opportunities and debt covenants.
Purchases of Equity Securities By the Issuer and Affiliated Purchasers
−Removed: On June 19, 2018, the Company’s Board of Directors approved a share buy-back plan.
−Removed: Under the plan, which became effective on September 1, 2018, the Company was authorized to acquire up to $75.0 million of its outstanding shares through August 31, 2020.
−Removed: The timing and amount of repurchases were based on terms and conditions that were acceptable to the Company’s Chief Executive Officer and Chief Financial Officer and in compliance with all laws and regulations applicable thereto .
−Removed: During the period from September 1, 2019 through August 31, 2020, the Company repurchased 92,583 shares at a total cost of $16.8 million under this $75.0 million plan .
−Removed: On April 8, 2020, the Company elected to temporarily suspend repurchases under this share buy-back plan, which subsequently expired on August 31, 2020.
−Removed: The Company made this election in order to preserve cash while it continued to monitor the impacts of the COVID-19 pandemic.
−Removed: Therefore, no repurchase transactions were made between April 8, 2020 and August 31, 2020.
+Added: On April 8, 2020, we elected to suspend repurchases under our previously approved share buy-back plan, which subsequently expired on August 31, 2020.
+Added: We made this election in order to preserve cash while we continued to monitor the long-term impacts of the COVID-19 pandemic.
+Added: No repurchase transactions were made during fiscal year 2021.
+Added: On October 12, 2021, our Board of Directors approved a new share buy-back plan.
+Added: Under the plan, which will become effective on November 1, 2021, we are authorized to acquire up to $75.0 million of our outstanding shares through August 31, 2023.
+Added: The timing and amount of repurchases are based on terms and conditions as may be acceptable to our Chief Executive Officer and Chief Financial Officer, subject to present loan covenants and in compliance with all laws and regulations applicable thereto.
Selected Financial Data
−Removed: The following data has been derived from the Company’s audited consolidated financial statements.
−Removed: The data should be read in conjunction with such consolidated financial statements and other financial information included elsewhere in this report (in thousands, except per share amounts):
−Removed: As of and for the Fiscal Year Ended August 31,
−Removed: Cost of products sold
−Removed: Operating expenses
−Removed: Income from operations
−Removed: Interest and other (expense) income, net
−Removed: Income before income taxes
−Removed: Provision for income taxes
−Removed: Earnings per common share:
−Removed: Dividends per share
−Removed: Weighted-average shares outstanding -
−Removed: Long-term obligations (1)
−Removed: (1) Long-term obligations include long-term debt, deferred tax liabilities, net, long-term lease liabilities and other long-term liabilities.
−Removed: Lease liabilities were included beginning in fiscal year 2020 in accordance with ASC 842 , which was adopted by the Company on September 1, 2020.
+Added: Reserved pursuant to amendments in SEC Release No.
+Added: 33-10890 that eliminate the selected financial data requirements under Item 301 of Regulation S-K.
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.