Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: (a) Unregistered Sales of Equity Securities
−Removed: (b) Issuer Purchases of Equity Securities
−Removed: 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: In November 2018 and May 2019, the Company entered into Rule 10b5-1 trading plans with a broker to facilitate the repurchase program.
−Removed: 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.
−Removed: 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.
−Removed: 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.
−Removed: 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).
−Removed: 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.
−Removed: During the nine month period ended September 30, 2021, the Company repurchased no shares under this program.
−Removed: Cumulatively at September 30, 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.
−Removed: See Note 13, “Stockholders’ Equity” of the Notes to the Condensed Consolidated Financial Statements.
−Removed: The following table details the repurchases that were made under and outside the 2020 Program during the three months ended September 30, 2021:
−Removed: Period Total Number of
+Added: Unregistered Sales of Equity Securities
+Added: Issuer Purchases of Equity Securities
+Added: On August 6, 2020, our Board of Directors approved a program authorizing the repurchase of up to ten million shares of our common stock through August 6, 2025 (the “2020 Program”).
+Added: In connection with the authorization, the Company entered into certain Rule 10b5-1 trading plans with a broker-dealer to facilitate the repurchase program.
+Added: During the three months ended March 31, 2022, 554,289 shares were repurchased under the 2020 Program.
+Added: These shares were subsequently retired.
+Added: Cumulatively, as of March 31, 2022, 3,490,599 shares were repurchased at an aggregate cost of $284.2 million (including an immaterial amount of commission fees) under the 2020 Program.
+Added: These shares were subsequently retired.
+Added: See Note 11 - Stockholders’ Equity in Item 1 of Part I of this Quarterly Report on Form 10-Q, which is incorporated by reference into this Item 1of Part II.
+Added: The following table details the repurchases that were made under and outside the 2020 Program during the three months ended March 31, 2022:
+Added: Period Total Number of Shares
Purchased (1)
1 unchanged sentence
Paid Per Share Total Number of
−Removed: Shares Purchased as
−Removed: Part of Publicly
−Removed: Announced Plans or
−Removed: Program Maximum
−Removed: July 1, 2021 - July 31, 2021 45,243 $ 139.97 — 7,509,401
−Removed: August 1, 2021 - August 31, 2021 2,140 $ 141.13 — 7,509,401
−Removed: September 1, 2021 - September 30, 2021 2,258 $ 136.32 — 7,509,401
+Added: Shares Purchased as Part of Publicly
+Added: Announced Plans or Program Maximum Number of Shares That May Yet Be
+Added: Purchased Under the Plans or Program
+Added: January 1, 2022 - January 31, 2022 566,803 $ 105.83 554,289 6,509,401
+Added: February 1, 2022 - February 28, 2022 327 $ 101.41 — 6,509,401
+Added: March 1, 2022 - March 31, 2022 27,531 $ 98.24 — 6,509,401
Total 594,661 554,289 6,509,401
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.