−Removed: Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities
+Added: Unregistered Sales of Equity Securities and Use of Proceeds
The Company's credit agreements contain certain limits on share repurchases.
See “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources."
−Removed: On February 24, 2022, the Board of Directors authorized the Company to repurchase up to $30.0 million of the Company’s outstanding common stock, inclusive of the amount that remained available for repurchase under prior repurchase authorizations.
−Removed: As of September 30, 2023 the Company had $1.1 million in aggregate remaining repurchase capacity under its current share repurchase program.
+Added: On November 9, 2023, the Board of Directors authorized the Company to repurchase up to $20.0 million of the Company’s outstanding common stock, inclusive of the amount that remained available for repurchase under prior repurchase authorizations.
+Added: As of December 31, 2023 the Company had $2.8 million in aggregate remaining repurchase capacity under its current share repurchase program.
The timing and actual number of shares repurchased will depend on a variety of factors, including the stock price, corporate and regulatory requirements, available funds, alternative uses of capital, restrictions under the revolving credit agreement, and other market and economic conditions.
1 unchanged sentence
The repurchase authorization does not have a stated expiration date.
−Removed: The following table details purchases of the Company's common stock, if any, made by the Company during the three months ended September 30, 2023:
+Added: The following table details purchases of the Company's common stock, if any, made by the Company during the three months ended December 31, 2023:
Total number of
8 unchanged sentences
under the plans or programs (1)
−Removed: July 1 through July 31, 2023 — $ — — $ 1,123,544
−Removed: August 1 through August 31, 2023 — — — 1,123,544
−Removed: September 1 through September 30, 2023 — — — 1,123,544
+Added: October 1 through October 31, 2023 — $ — — $ 1,123,544
+Added: November 1 through November 30, 2023 64,062 110.18 64,062 12,941,576
+Added: December 1 through December 31, 2023 84,703 119.38 84,703 2,829,485
Total for the quarter 148,765 $ 115.42 148,765
3 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.