6 unchanged sentences
As of December 31, 2023, no shares of Preferred Stock were issued and outstanding, and no designation of rights and preferences of preferred stock had been adopted.
−Removed: As of December 31, 2022, there were 42 holders of record of our Common Stock and no holders of record of our Preferred Stock.
+Added: As of February 14, 2024, there were 30 holders of record of our Common Stock and no holders of record of our Preferred Stock.
The number of holders of record does not include a substantially greater number of “street name” holders or beneficial holders whose Common Stock are held of record by banks, brokers and other financial institutions.
1 unchanged sentence
To date, we have not declared or paid dividends on our Common Stock.
−Removed: We have strong reoccurring cash flows, which gives us flexibility in how we allocate capital, and we review the appropriate mix of growth investments, debt reduction, and returns to shareholders on an ongoing basis.
+Added: We have strong recurring cash flows, which gives us flexibility in how we allocate capital, and we review the appropriate mix of growth investments, debt reduction, and returns to shareholders on an ongoing basis.
Declaration or payment of dividends, if any, in the future, will be at the discretion of our Board of Directors and will depend on our then current financial condition, results of operations, capital requirements and other factors deemed relevant by the Board of Directors.
−Removed: In July 2022, the Company's Board of Directors approved an increase to the Company's share repurchase program that authorizes the Company to repurchase up to $1.0 billion of its outstanding shares of Common Stock and equivalents.
+Added: In May 2023, the Board of Directors approved a reset of the share repurchase program authorizing the Company to repurchase up to $1.0 billion of its outstanding shares of Common Stock and equivalents.
The stock repurchase program does not obligate us to purchase any particular number of shares, and the timing and exact amount of any repurchases will depend on various factors, including market pricing and conditions, business, legal, accounting, and other considerations.
2 unchanged sentences
Period Total Number of Shares and Equivalents Purchased (in thousands) Average Price Paid per Share Total Numbers of Shares and Equivalents Purchased as part of Publicly Announced Plan (in thousands) Maximum Dollar Value of Shares and Equivalents that May Yet Be Purchased Under the Plan (in thousands)
−Removed: October 1, 2022 - October 31, 2022 2,471.1 $ 41.70 2,471.1 $ 760,249
−Removed: November 1, 2022 - November 30, 2022 1,325.7 $ 45.98 1,325.7 $ 699,261
−Removed: December 1, 2022 - December 31, 2022 1,482.5 $ 46.15 1,482.5 $ 630,822
+Added: October 1, 2023 to October 31, 2023 2,087.2 $ 40.13 2,087.2 $ 550.4
+Added: November 1, 2023 to November 30, 2023 1,408.8 $ 37.05 1,408.8 $ 498.2
+Added: December 1, 2023 to December 31, 2023 — $ — — $ 498.2
Total 3,496.0 3,496.0
1 unchanged sentence
The following stock price performance graph should not be deemed incorporated by reference by any general statement incorporating by reference this Annual Report on Form 10-K into any filing under the Exchange Act or the Securities Act of 1933, as amended, except to the extent that we specifically incorporate this information by reference and shall not otherwise be deemed filed under such acts.
−Removed: The graph below compares the cumulative total return of our Common Stock from January 1, 2018 through December 31, 2022, with the comparable cumulative return of three indices:
−Removed: the Russell 3000 Index, the S&P 400 Index and the Russell 1000 Index.
−Removed: We began showing the cumulative return of the Russell 1000 Index in 2022, as the Russell 1000 Index includes our peer group of issuers.
−Removed: The graph plots the growth in value of an initial investment of $100 in each of our common shares, the Russell 3000 Index, the S&P 400 Index and the Russell 1000 Index over the indicated time periods, and as sumes reinvestment of all dividends, if any, paid on the securities.
+Added: The graph below compares the cumulative total return of our Common Stock from January 1, 2019 through December 31, 2023, with the comparable cumulative return of two indices:
+Added: the S&P 400 Index and the Russell 1000 Index.
+Added: The graph plots the growth in value of an initial investment of $100 in each of our common shares, the S&P 400 Index and the Russell 1000 Index over the indicated time periods, and as sumes reinvestment of all dividends, if any, paid on the securities.
We have not paid any cash dividends and, therefore, the cumulative total return calculation for us is based solely upon share price appreciation and not upon reinvestment of cash dividends.
1 unchanged sentence
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.