3 unchanged sentences
In November 2014, we commenced a quarterly cash dividend and intend to continue to pay regular dividends to our stockholders.
−Removed: Under the terms of the credit agreement, we are required to comply with various covenants including a leverage test.
−Removed: A quarterly cash dividend payment in excess of $0.03 per share is permitted only to the extent we comply with the leverage test and no event of default (as defined in the credit agreement) has occurred and is continuing at the time the cash dividend payment is made.
−Removed: Our Board of Directors may, in its discretion, decrease, but not increase, the level of dividends in the future.
−Removed: Further, our Board of Directors has the discretion to discontinue the payment of dividends entirely.
−Removed: Any determination as to the payment of dividends, as well as the level of such dividends, will depend on, among other things, general economic and business conditions, our level of AUM, our strategic plans, our financial results and condition, limitations associated with the credit facilities or other agreements that could limit the amount of dividends we are permitted to pay, and any applicable laws.
+Added: Any determination as to the payment of dividends, as well as the level of such dividends, will depend on, among other things, general economic and business conditions, our level of AUM, our strategic plans, our financial results and condition, limitations associated with new credit facilities or other agreements that could limit the amount of dividends we are permitted to pay, and any applicable laws.
Issuer Purchases of Equity Securities
3 unchanged sentences
As of December 31, 2020, $52.2 million remained under this program for future purchases.
−Removed: Under the terms of the credit agreement, share repurchases are permitted only to the extent we comply with a leverage test and no event of default (as defined in the credit agreement) has occurred and is continuing at the time the stock repurchase is made.
−Removed: However, our ability to purchase shares of our common stock withheld pursuant to the terms of equity awards granted to employees to satisfy tax withholding obligations is not restricted.
Average Price
30 unchanged sentences
Acquisition and disposition-related costs
−Removed: Total expenses
+Added: Total operating expenses
Operating income
4 unchanged sentences
Settlement gain
+Added: Loss on extinguishment of debt
Acquisition payment
−Removed: Other losses, net
−Removed: Income before taxes
+Added: Other gains and losses, net
+Added: (Loss)/income before taxes
Income tax expense
6 unchanged sentences
Cash and cash equivalents
+Added: Convertible Notes and Debt
Deferred consideration – gold payments (total)
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.