KNX RSI Chart
Last 7 days
-3.1%
Last 30 days
-6.4%
Last 90 days
-13.6%
Trailing 12 Months
-13.3%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2023 | 7.2B | 6.8B | 7.0B | 7.1B |
2022 | 6.6B | 7.2B | 7.5B | 7.4B |
2021 | 4.8B | 5.0B | 5.5B | 6.0B |
2020 | 4.8B | 4.6B | 4.6B | 4.7B |
2019 | 5.3B | 5.2B | 5.0B | 4.8B |
2018 | 3.4B | 4.5B | 5.3B | 5.3B |
2017 | 2.6B | 1.9B | 2.1B | 2.4B |
2016 | 4.2B | 4.1B | 3.4B | 3.3B |
2015 | 4.3B | 4.3B | 4.3B | 4.2B |
2014 | 4.1B | 4.2B | 4.2B | 4.3B |
2013 | 4.0B | 4.1B | 4.1B | 4.1B |
2012 | 3.5B | 3.7B | 3.8B | 4.0B |
2011 | 3.0B | 3.1B | 3.3B | 3.3B |
2010 | 2.7B | 2.8B | 2.8B | 2.9B |
2009 | 0 | 0 | 0 | 2.6B |
Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index
Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>
Returns of $10,000 invested in:
Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224
Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
Mar 13, 2024 | carlson todd f. | acquired | - | - | 5,558 | general counsel and secretary |
Mar 13, 2024 | knight gary j | sold (taxes) | -209,839 | 57.38 | -3,657 | vice chairman |
Mar 13, 2024 | miller adam w | acquired | - | - | 16,674 | ceo |
Mar 13, 2024 | miller adam w | sold (taxes) | -414,800 | 57.38 | -7,229 | ceo |
Mar 13, 2024 | knight kevin p | sold (taxes) | -656,599 | 57.38 | -11,443 | executive chairman |
Mar 13, 2024 | knight kevin p | acquired | - | - | 27,791 | executive chairman |
Mar 13, 2024 | carlson todd f. | sold (taxes) | -138,286 | 57.38 | -2,410 | general counsel and secretary |
Mar 13, 2024 | knight gary j | acquired | - | - | 7,410 | vice chairman |
Mar 07, 2024 | garnreiter michael | gifted | - | - | -369 | - |
Feb 29, 2024 | flanagan cary m | sold | -112,490 | 56.245 | -2,000 | exec vp and cao |
Which funds bought or sold KNX recently?
View All DetailsDatesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
Apr 23, 2024 | WEDGE CAPITAL MANAGEMENT L L P/NC | added | 12.7 | 933,403 | 13,278,700 | 0.22% |
Apr 23, 2024 | Global Retirement Partners, LLC | added | 6.61 | 1,020 | 13,313 | -% |
Apr 23, 2024 | Louisiana State Employees Retirement System | added | 2.43 | -58,617 | 2,552,930 | 0.05% |
Apr 23, 2024 | NEW MEXICO EDUCATIONAL RETIREMENT BOARD | unchanged | - | -86,000 | 1,805,000 | 0.06% |
Apr 23, 2024 | AMALGAMATED BANK | added | 9.08 | 237,000 | 5,999,000 | 0.05% |
Apr 23, 2024 | RICE HALL JAMES & ASSOCIATES, LLC | reduced | -43.2 | -471,881 | 558,728 | 0.03% |
Apr 23, 2024 | WETZEL INVESTMENT ADVISORS, INC. | unchanged | - | -1,122 | 3,878 | -% |
Apr 23, 2024 | BFSG, LLC | unchanged | - | -60,164 | 1,258,640 | 0.17% |
Apr 23, 2024 | Livforsakringsbolaget Skandia, Omsesidigt | unchanged | - | -104,808 | 2,183,500 | 0.18% |
Apr 23, 2024 | FIFTH THIRD BANCORP | added | 7.00 | 1,521 | 73,122 | -% |
Unveiling Knight-Swift Transportation Holdings's Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Date Filed | Form Type | Document | |
---|---|---|---|
Peers (Alternatives to Knight-Swift Transportation Holdings)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
FDX | 66.9B | 87.5B | 15.21 | 0.76 | ||||
GWW | 46.9B | 16.5B | 25.38 | 2.85 | ||||
FAST | 38.7B | 7.4B | 33.39 | 5.24 | ||||
JBHT | 17.3B | 12.8B | 23.76 | 1.35 | ||||
EXPD | 16.3B | 9.3B | 21.63 | 1.75 | ||||
MID-CAP | ||||||||
CHRW | 8.2B | 17.6B | 25.29 | 0.47 | ||||
KNX | 8.0B | 7.1B | 36.61 | 1.11 | ||||
AIT | 7.2B | 4.5B | 19.24 | 1.61 | ||||
BECN | 6.2B | 9.1B | 14.22 | 0.68 | ||||
ARCB | 3.4B | 4.4B | 17.57 | 0.78 | ||||
SMALL-CAP | ||||||||
BXC | 985.2M | 3.1B | 20.3 | 0.31 | ||||
CYRX | 789.0M | 233.3M | -7.92 | 3.38 | ||||
CVLG | 577.0M | 1.1B | 10.45 | 0.52 | ||||
DSKE | 391.3M | 1.6B | -22.11 | 0.25 | ||||
AIRT | 71.0M | 220.4M | -6.53 | 0.32 |
Knight-Swift Transportation Holdings News
Income Statement (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Revenue | -4.4% | 1,932 | 2,020 | 1,553 | 1,637 | 1,744 | 1,897 | 1,961 | 1,827 | 1,817 | 1,642 | 1,316 | 1,223 | 1,278 | 1,210 | 1,061 | 1,125 | 1,197 | 1,201 | 1,242 | 1,205 | 1,395 |
Costs and Expenses | -1.3% | 1,914 | 1,939 | 1,459 | 1,492 | 1,541 | 1,631 | 1,635 | 1,529 | 1,475 | 1,372 | 1,125 | 1,061 | 1,083 | 1,045 | 959 | 1,023 | 1,097 | 1,098 | 1,133 | 1,088 | - |
Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,097 | 1,098 | 1,133 | 1,088 | 1,188 |
EBITDA Margin | -14.4% | 0.16* | 0.18* | 0.21* | 0.22* | 0.23* | 0.24* | 0.25* | 0.26* | 0.26* | 0.26* | 0.25* | 0.24* | - | - | - | - | - | - | - | - | - |
Interest Expenses | 2.4% | 40.00 | 39.00 | 24.00 | 23.00 | 20.00 | 15.00 | 9.00 | 7.00 | 7.00 | 7.00 | 3.00 | 3.00 | 4.00 | 3.00 | 4.00 | 6.00 | 7.00 | 8.00 | 7.00 | 7.00 | 9.00 |
Income Taxes | 206.1% | 1.00 | -1.22 | 22.00 | 33.00 | 42.00 | 66.00 | 72.00 | 69.00 | 73.00 | 61.00 | 52.00 | 45.00 | 50.00 | 48.00 | 27.00 | 25.00 | 25.00 | 25.00 | 26.00 | 28.00 | 51.00 |
Earnings Before Taxes | -116.5% | -9.70 | 59.00 | 85.00 | 136 | 191 | 260 | 292 | 277 | 327 | 267 | 205 | 175 | 193 | 170 | 107 | 90.00 | 93.00 | 100 | 106 | 116 | 203 |
EBT Margin | -44.1% | 0.04* | 0.07* | 0.10* | 0.12* | 0.14* | 0.15* | 0.16* | 0.16* | 0.16* | 0.15* | 0.15* | 0.14* | - | - | - | - | - | - | - | - | - |
Net Income | -117.7% | -10.65 | 60.00 | 63.00 | 104 | 149 | 195 | 219 | 208 | 255 | 206 | 153 | 130 | 142 | 122 | 80.00 | 65.00 | 67.00 | 75.00 | 79.00 | 88.00 | 152 |
Net Income Margin | -43.8% | 0.03* | 0.05* | 0.07* | 0.09* | 0.10* | 0.12* | 0.12* | 0.12* | 0.12* | 0.12* | 0.11* | 0.10* | - | - | - | - | - | - | - | - | - |
Free Cashflow | 90.5% | 288 | 151 | 377 | 345 | 337 | 379 | 263 | 457 | 373 | 358 | 153 | 306 | - | - | - | - | - | - | - | - | - |
Balance Sheet | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Assets | 0.2% | 12,871 | 12,840 | 11,438 | 10,943 | 10,952 | 10,747 | 10,715 | 10,696 | 10,656 | 10,355 | 8,682 | 8,519 | 8,468 | 8,501 | 8,279 | 8,288 | 8,282 | 8,322 | 8,214 | 8,081 | 7,912 |
Current Assets | -3.0% | 1,709 | 1,761 | 1,885 | 1,443 | 1,494 | 1,474 | 1,473 | 1,466 | 1,414 | 1,404 | 1,075 | 964 | 923 | 999 | 830 | 838 | 890 | 901 | 868 | 813 | 907 |
Cash Equivalents | -12.8% | 169 | 193 | 229 | 191 | 197 | 194 | 198 | 243 | 261 | 270 | 179 | 195 | 197 | 240 | 118 | 119 | 202 | 94.00 | 55.00 | 60.00 | 131 |
Net PPE | 2.5% | 4,616 | 4,504 | 3,962 | 3,880 | 3,835 | 3,675 | 3,601 | 3,580 | 3,555 | 3,456 | 3,012 | 2,976 | 2,993 | 2,971 | 2,895 | 2,873 | 2,851 | 2,847 | 2,746 | 2,624 | 2,613 |
Goodwill | 0.1% | 3,849 | 3,844 | 3,519 | 3,519 | 3,519 | 3,519 | 3,519 | 3,519 | 3,515 | 3,462 | 2,971 | 2,959 | 2,923 | 2,923 | 2,923 | 2,923 | 2,919 | 2,919 | 2,919 | 2,919 | 2,919 |
Liabilities | 1.0% | 5,767 | 5,710 | 4,357 | 3,907 | 3,996 | 3,931 | 4,084 | 4,115 | 4,112 | 4,050 | 2,584 | 2,570 | 2,596 | 2,620 | 2,513 | 2,598 | 2,613 | 2,717 | 2,682 | 2,537 | 2,449 |
Current Liabilities | 5.5% | 1,825 | 1,730 | 945 | 906 | 894 | 912 | 1,104 | 1,166 | 1,075 | 853 | 706 | 948 | 840 | 1,262 | 971 | 979 | 993 | 697 | 744 | 762 | 615 |
Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 365 | 365 | 365 | 365 |
LT Debt, Non Current | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 365 | 365 | 365 | 365 |
Shareholder's Equity | -0.4% | 7,087 | 7,113 | 7,081 | 7,036 | 6,945 | 6,817 | 6,631 | 6,581 | 6,543 | 6,305 | 6,098 | 5,949 | 5,872 | 5,881 | 5,766 | 5,690 | 5,668 | 5,605 | 5,532 | 5,545 | 5,463 |
Retained Earnings | -1.3% | 2,660 | 2,694 | 2,657 | 2,623 | 2,554 | 2,424 | 2,249 | 2,209 | 2,181 | 1,947 | 1,758 | 1,625 | 1,567 | 1,583 | 1,474 | 1,411 | 1,395 | 1,338 | 1,274 | 1,293 | 1,217 |
Additional Paid-In Capital | 0.2% | 4,427 | 4,419 | 4,412 | 4,401 | 4,392 | 4,383 | 4,373 | 4,361 | 4,351 | 4,345 | 4,326 | 4,310 | 4,301 | 4,295 | 4,287 | 4,276 | 4,269 | 4,263 | 4,254 | 4,248 | 4,242 |
Accumulated Depreciation | 3.2% | 2,104 | 2,038 | 2,018 | 1,961 | 1,905 | 1,868 | 1,767 | 1,656 | 1,564 | 1,477 | 1,389 | 1,311 | 1,231 | 1,142 | 1,053 | 966 | 892 | 824 | 801 | 753 | 693 |
Shares Outstanding | 0.0% | 161 | 161 | 161 | 161 | 161 | 163 | 162 | 165 | 166 | 166 | 166 | 167 | - | - | - | - | - | - | - | - | - |
Minority Interest | 2.4% | 17.00 | 16.00 | 11.00 | 11.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 13.00 | 13.00 | 12.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Float | - | - | - | 8,830 | - | - | - | 7,327 | - | - | - | 7,426 | - | - | - | 5,656 | - | - | - | 4,422 | - | - |
Cashflow (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Cashflow From Operations | 90.5% | 288 | 151 | 377 | 345 | 337 | 379 | 263 | 457 | 373 | 358 | 153 | 306 | 265 | 272 | 228 | 155 | 227 | 250 | 119 | 243 | 301 |
Cashflow From Investing | 79.2% | -139 | -672 | -218 | -197 | -287 | -154 | -94.12 | -110 | -267 | -1,351 | -122 | -74.14 | -145 | -82.54 | -127 | -125 | -115 | -244 | -179 | -44.72 | -179 |
Cashflow From Financing | -373.7% | -135 | 49.00 | 371 | -134 | -5.52 | -196 | -229 | -323 | -93.98 | 1,101 | -42.43 | -185 | -200 | -69.37 | -101 | -71.89 | -45.48 | 23.00 | 56.00 | -217 | -131 |
Dividend Payments | 0.0% | 23.00 | 23.00 | 23.00 | 23.00 | 19.00 | 19.00 | 20.00 | 20.00 | 17.00 | 17.00 | 17.00 | 14.00 | 13.00 | 14.00 | 14.00 | 14.00 | 10.00 | 10.00 | 10.00 | 11.00 | 10.00 |
Buy Backs | - | - | - | - | - | - | - | 155 | 145 | 4.00 | - | - | 54.00 | 145 | - | - | 35.00 | - | - | 87.00 | - | 79.00 |
Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Total revenue | $ 7,141,766 | $ 7,428,582 | $ 5,998,019 |
Operating expenses: | |||
Salaries, wages, and benefits | 2,479,759 | 2,173,933 | 1,771,772 |
Fuel | 878,407 | 895,603 | 546,256 |
Operations and maintenance | 473,491 | 422,872 | 313,505 |
Insurance and claims | 609,536 | 455,918 | 275,378 |
Operating taxes and licenses | 117,024 | 111,197 | 98,784 |
Communications | 29,661 | 23,656 | 22,486 |
Depreciation and amortization of property and equipment | 664,962 | 594,981 | 522,596 |
Amortization of intangibles | 70,138 | 64,843 | 55,299 |
Rental expense | 130,269 | 56,856 | 55,161 |
Purchased transportation | 1,190,836 | 1,444,937 | 1,320,888 |
Impairments | 2,236 | 810 | 299 |
Miscellaneous operating expenses | 157,294 | 91,148 | 49,898 |
Total operating expenses | 6,803,613 | 6,336,754 | 5,032,322 |
Operating income | 338,153 | 1,091,828 | 965,697 |
Other Nonoperating Income (Expense) [Abstract] | |||
Interest income | 21,577 | 5,439 | 1,173 |
Interest expense | (127,100) | (50,803) | (21,140) |
Other income (expenses), net | 37,659 | (25,958) | 28,905 |
Total other (expenses) income, net | (67,864) | (71,322) | 8,938 |
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total | 270,289 | 1,020,506 | 974,635 |
Income tax expense | 54,768 | 249,388 | 230,887 |
Net income | 215,521 | 771,118 | 743,748 |
Net loss (income) attributable to noncontrolling interest | 1,628 | 207 | (360) |
Net income attributable to Knight-Swift | 217,149 | 771,325 | 743,388 |
Other comprehensive income (loss) | 1,606 | (1,873) | (563) |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent, Total | $ 218,755 | $ 769,452 | $ 742,825 |
Earnings Per Share [Abstract] | |||
Basic earnings per share | $ 1.35 | $ 4.75 | $ 4.48 |
Diluted earnings per share | 1.34 | 4.73 | 4.45 |
Dividends declared per share: (in dollars per share) | $ 0.56 | $ 0.48 | $ 0.38 |
Shares used in per share calculations | |||
Basic (in shares) | 161,188 | 162,260 | 165,860 |
Diluted (in shares) | 161,826 | 163,211 | 167,060 |
Revenue, excluding truckload and LTL fuel surcharge | |||
Total revenue | $ 6,308,169 | $ 6,508,165 | $ 5,531,890 |
Truckload and LTL fuel surcharge | |||
Total revenue | $ 833,597 | $ 920,417 | $ 466,129 |
Consolidated Balance Sheets - USD ($) shares in Thousands, $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | ||||||
---|---|---|---|---|---|---|---|---|
Current assets: | ||||||||
Cash and cash equivalents | $ 168,545 | $ 196,770 | ||||||
Cash and cash equivalents – restricted | [1] | 297,275 | 185,792 | |||||
Restricted investments, held-to-maturity, amortized cost | [2] | 530 | 7,175 | |||||
Trade receivables, net of allowance for doubtful accounts of $39,458 and $22,980, respectively | 888,603 | 842,294 | ||||||
Contract balance – revenue in transit | 12,246 | 15,859 | ||||||
Prepaid expenses | 148,696 | 108,081 | ||||||
Assets held for sale | 83,366 | 40,602 | ||||||
Income tax receivable | 65,815 | 58,974 | ||||||
Other current assets | 43,939 | 38,025 | ||||||
Total current assets | 1,709,015 | 1,493,572 | ||||||
Property and equipment: | ||||||||
Revenue equipment | 5,154,593 | 4,429,117 | ||||||
Land and land improvements | 426,635 | 376,552 | ||||||
Buildings and building improvements | 861,194 | 726,424 | ||||||
Furniture and fixtures | 156,911 | 131,886 | ||||||
Shop and service equipment | 84,049 | 59,817 | ||||||
Leasehold improvements | 37,228 | 16,587 | ||||||
Gross property and equipment | 6,720,610 | 5,740,383 | ||||||
Less: accumulated depreciation and amortization | (2,104,211) | (1,905,340) | ||||||
Property and equipment, net | 4,616,399 | 3,835,043 | ||||||
Operating lease right-of-use-assets | 484,821 | 192,358 | ||||||
Goodwill | [3] | 3,848,798 | 3,519,339 | |||||
Intangible assets, net | 2,058,882 | 1,776,569 | ||||||
Other long-term assets | 152,850 | 134,785 | ||||||
Total assets | 12,870,765 | 10,951,666 | ||||||
Current liabilities: | ||||||||
Accounts payable | 355,173 | 220,849 | ||||||
Accrued payroll and purchased transportation | 164,884 | 171,381 | ||||||
Accrued liabilities | 220,350 | 81,528 | ||||||
Claims accruals – current portion | 480,200 | 311,822 | ||||||
Finance lease liabilities and long-term debt – current portion | 459,759 | 71,466 | ||||||
Operating lease liabilities – current portion | 144,921 | 36,961 | ||||||
Total current liabilities | 1,825,287 | 894,007 | ||||||
Revolving line of credit | 67,000 | 43,000 | ||||||
Long-term debt – less current portion | 1,223,021 | 1,024,668 | ||||||
Finance lease liabilities – less current portion | 407,150 | 344,377 | ||||||
Operating lease liabilities – less current portion | 371,407 | 149,992 | ||||||
Accounts receivable securitization | 526,508 | 418,561 | ||||||
Claims accruals – less current portion | 315,476 | 201,838 | ||||||
Deferred tax liabilities | 951,749 | 907,893 | ||||||
Other long-term liabilities | 79,086 | 12,049 | ||||||
Total liabilities | 5,766,684 | 3,996,385 | ||||||
Commitments and contingencies (Notes 4, 6, 17, 18, and 19) | ||||||||
Stockholders’ equity: | ||||||||
Preferred stock, par value $0.01 per share; 10,000 shares authorized; none issued | $ 0 | $ 0 | ||||||
Preferred stock, par value | $ 0.01 | $ 0.01 | ||||||
Preferred stock, shares authorized | 10,000 | 10,000 | ||||||
Common stock, par value $0.01 per share; 500,000 shares authorized; 161,385 and 160,706 shares issued and outstanding as of December 31, 2023 and 2022, respectively. | $ 1,613 | $ 1,607 | ||||||
Common stock, par value | $ 0.01 | $ 0.01 | ||||||
Common stock, shares authorized | 500,000 | 500,000 | ||||||
Beginning balance, shares | 161,385 | 160,706 | ||||||
Common stock, shares issued | 161,385 | 160,706 | ||||||
Additional paid-in capital | $ 4,426,852 | $ 4,392,266 | ||||||
Accumulated other comprehensive loss | (830) | (2,436) | ||||||
Retained earnings | 2,659,755 | 2,553,567 | ||||||
Total Knight-Swift stockholders' equity | 7,087,390 | 6,945,004 | ||||||
Noncontrolling interest | 16,691 | 10,277 | ||||||
Total stockholders’ equity | 7,104,081 | 6,955,281 | ||||||
Total liabilities and stockholders’ equity | $ 12,870,765 | $ 10,951,666 | ||||||
Common Stock [Member] | ||||||||
Stockholders’ equity: | ||||||||
Beginning balance, shares | 161,385 | 160,706 | ||||||
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