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Why does the number of shares outstanding continue to increase even though CPS has been repurchasing shares?

April 26, 2017Continue CPS increase repurchasing Shares

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Why does the number of shares outstanding continue to increase even though CPS has been repurchasing shares?

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As part of its employee long-term incentive plan, first implemented in 1991, the Company awards stock options from time to time. The number of shares outstanding increases as these options are exercised.