3 unchanged sentences
Effective February 15, 2012, the Company’s Board of Directors approved a program authorizing the repurchase of up to five million shares of our common stock through February 20, 2013 (the “2012 Program”) which was subsequently extended through February 20, 2021.
−Removed: Cumulatively at September 30, 2020, 4.1 million shares were repurchased under the 2012 Program at an aggregate cost of $204.6 million (including an immaterial amount of commission fees).
−Removed: In July 2020, the Company repurchased 140,819 shares under its share repurchase program at an aggregate cost of $8.4 million, which were subsequently retired.
−Removed: In March and April 2020, the Company acquired 680,016 shares and 319,984 shares respectively, of J2 Global common stock in connection with the 2012 Program.
−Removed: In addition, in August 2019, the Company acquired 197,870 shares of J2 Global common stock in connection with the 2012 Program.
−Removed: In each case, the Company subsequently retired the shares within the same month.
−Removed: In December 2018, the Company acquired 600,000 shares of J2 Global common stock in connection with the 2012 Program and subsequently retired the shares in March 2019 (see Note 13 - Stockholders’ Equity of the Notes to the Condensed Consolidated Financial Statements).
In July 2016, the Company acquired and subsequently retired 935,231 shares of J2 Global common stock in connection with the acquisitions of Integrated Global Concepts, Inc.
As a result of the purchase of J2 Global common stock, the Company’s Board of Directors approved a reduction in the number of shares available for purchase under the 2012 Program by the same amount.
−Removed: As a result of the acquired shares through acquisition and the purchase of J2 Global common stock through the Company’s share repurchase program, no shares remain available for purchase under the 2012 Program.
−Removed: On August 6, 2020, the Company’s Board of Directors approved a program authorizing the repurchase of up to 10 million shares of the Company’s common stock through August 6, 2025 (the “2020 Program”).
−Removed: Cumulatively at September 30, 2020, 2,000,000 shares were repurchased at an aggregate cost of $141.8 million (including an immaterial amount of commission fees).
−Removed: The following table details the repurchases that were made under and outside the 2012 Program during the three months ended September 30, 2020:
+Added: In November 2018 and May 2019, the Company entered into Rule 10b5-1 trading plans with a broker to facilitate the repurchase program.
+Added: 600,000 shares were repurchased under the share repurchase program in 2018 at an aggregate cost of $42.5 million and were subsequently retired in March 2019.
+Added: During the year ended December 31, 2019, the Company repurchased 197,870 shares at an aggregate cost of $16.0 million which were subsequently retired in the same year.
+Added: During the year ended December 31, 2020, the Company repurchased 1,140,819 shares under this program at an aggregate cost of $87.5 million, which were subsequently retired in the same year.
+Added: As of December 31, 2020, all the available shares were repurchased under the 2012 Program at an aggregate cost of $204.6 million (including an immaterial amount of commission fees).
+Added: On August 6, 2020, the Company’s Board of Directors approved a program authorizing the repurchase of up to 10 million shares of our common stock through August 6, 2025 (the “2020 Program”) in addition to the five million shares repurchased under the 2012 Program.
+Added: During the three month period ended March 31, 2021, the Company repurchased no shares under this program.
+Added: Cumulatively at March 31, 2021, 2,490,599 shares were repurchased at an aggregate cost of $177.8 million (including an immaterial amount of commission fees) under the 2020 Program, which were subsequently retired.
+Added: See Note 13, “Stockholders’ Equity” of the Notes to the Condensed Consolidated Financial Statements.
+Added: The following table details the repurchases that were made under and outside the 2020 Program during the three months ended March 31, 2021:
Period Total Number of
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Program Maximum
−Removed: July 1, 2020 - July 31, 2020 142,033 $ 59.62 140,819 —
−Removed: August 1, 2020 - August 31, 2020 278,219 $ 69.80 276,089 9,723,911
−Removed: September 1, 2020 - September 30, 2020 1,724,991 $ 71.23 1,723,911 8,000,000
+Added: January 1, 2021 - January 31, 2021 10,779 $ 97.69 — 7,509,401
+Added: February 1, 2021 - February 28, 2021 11,571 $ 108.89 — 7,509,401
+Added: March 1, 2021 - March 31, 2021 85,937 $ 114.99 — 7,509,401
Total 108,287 — 7,509,401
4 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.