6 unchanged sentences
Our current quarterly dividend rate is $0.09 per common share.
−Removed: We also paid a $3.75 per share special dividend in 2019.
We currently intend to continue paying a regular quarterly dividend.
6 unchanged sentences
The following graph is not deemed to be “soliciting material” or to be “filed” with the SEC or subject to the liabilities of Section 18 of the Exchange Act, and the report shall not be deemed to be incorporated by reference into any prior or subsequent filing by us under the Securities Act of 1933 or the Exchange Act except to the extent we specifically request that such information be incorporated by reference or treated as soliciting material.
+Added: 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020
Werner Enterprises, Inc.
+Added: (WERN) $ 100 $ 116 $ 168 $ 130 $ 182 $ 198
Standard & Poor’s 500 $ 100 $ 112 $ 136 $ 130 $ 171 $ 203
2020 Peer Group $ 100 $ 131 $ 169 $ 139 $ 195 $ 258
−Removed: 2019 Peer Group
Assuming the investment of $100 on December 31, 2015, and reinvestment of all dividends, the graph above compares the cumulative total stockholder return on our common stock for the last five fiscal years with the cumulative total return of Standard & Poor’s 500 Market Index and our Peer Group over the same period.
−Removed: In 2019, we selected a new Peer Group in order to more closely align with our benchmarking Peer Group, which consists of the following companies:
+Added: Our Peer Group includes companies similar to us in the transportation industry and has the following companies:
Covenant Transportation;
8 unchanged sentences
and YRC Worldwide.
−Removed: We added Covenant Transportation, Marten Transport, and US Xpress to our 2019 Peer Group and removed Genesee & Wyoming and Kirby.
Our stock price was $39.22 as of December 31, 2020.
2 unchanged sentences
On May 14, 2019, our Board of Directors approved and announced a new stock repurchase program under which the Company is authorized to repurchase up to 5,000,000 shares of its common stock.
−Removed: On the same day, the Board of Directors withdrew the previous stock repurchase authorization that was approved in October 2007, which had 2,035,608 shares remaining available for repurchase.
−Removed: As of December 31, 2019, the Company had purchased 700,000 shares pursuant to the new authorization and had
−Removed: 4,300,000 shares remaining available for repurchase.
+Added: As of December 31, 2020, the Company had purchased 2,182,992 shares pursuant to the new authorization and had 2,817,008 shares remaining available for repurchase.
The Company may purchase shares from time to time depending on market, economic and other factors.
The authorization will continue unless withdrawn by the Board of Directors.
−Removed: No shares of common stock were repurchased during fourth quarter 2019 by either the Company or any “affiliated purchaser”, as defined by Rule 10b-18 of the Exchange Act.
+Added: The following table summarizes our stock repurchases during fourth quarter 2020 made pursuant to this authorization.
+Added: The Company did not purchase any shares during fourth quarter 2020 other than pursuant to this authorization.
+Added: All stock repurchases were made by the Company or on its behalf and not by any “affiliated purchaser”, as defined by Rule 10b-18 of the Exchange Act.
+Added: Issuer Purchases of Equity Securities
+Added: Period Total Number of Shares (or Units) Purchased Average Price Paid per Share (or Unit) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs
+Added: October 1-31, 2020 0 $ — 0 4,017,008
+Added: November 1-30, 2020 732,659 $ 39.82 732,659 3,284,349
+Added: December 1-31, 2020 467,341 $ 39.68 467,341 2,817,008
+Added: Total 1,200,000 $ 39.77 1,200,000 2,817,008
SELECTED FINANCIAL DATA
1 unchanged sentence
(In thousands, except per share amounts)
+Added: 2020 2019 2018 2017 2016
Operating revenues $ 2,372,178 $ 2,463,701 $ 2,457,914 $ 2,116,737 $ 2,008,991
Net income (1)
+Added: 169,078 166,944 168,148 202,889 79,129
Diluted earnings per share (1)
+Added: 2.44 2.38 2.33 2.80 1.09
Cash dividends declared per share (2)
+Added: 0.36 4.11 0.34 0.27 0.24
Total assets 2,156,676 2,143,864 2,083,504 1,807,991 1,793,003
+Added: Total debt 200,000 300,000 125,000 75,000 180,000
Stockholders’ equity (1)
+Added: 1,195,040 1,111,008 1,264,753 1,184,782 994,787
Book value per share (1) (3)
+Added: 17.59 16.04 17.95 16.36 13.78
Return on average stockholders’ equity (1) (4)
+Added: 14.7 % 14.6 % 13.7 % 19.5 % 8.2 %
Return on average total assets (1) (5)
+Added: 8.0 % 7.8 % 8.7 % 11.5 % 4.7 %
Operating ratio (consolidated) (6)
+Added: 90.4 % 90.8 % 90.9 % 93.2 % 93.7 %
(1) Includes the $110.5 million, or $1.52 per diluted share, non-cash reduction in income tax expense in 2017 resulting from the revaluation of net deferred income tax liabilities due to the Tax Cuts and Jobs Act of 2017.
2 unchanged sentences
(2) Includes a $3.75 per share special dividend declared in May 2019.
−Removed: Pursuant to the Company’s early adoption of Accounting Standards Update 2015-17, “Total assets” and “Return on average total assets” for 2015 reflects the impact of reclassifying the current deferred income tax asset into the non-current deferred income tax liability.
(3) Stockholders’ equity divided by common shares outstanding as of the end of the period.
7 unchanged sentences
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.