10 unchanged sentences
We do not anticipate declaring or paying any cash dividends to holders of our capital stock in the foreseeable future and intend to retain all future earnings for use in the growth of our business.
−Removed: In addition, the terms of our Credit Agreement restrict our ability to pay dividends.
Consequently, investors may need to rely on sales of our Class A common stock after price appreciation, which may never occur, as the only way to realize any future gains on their investment.
2 unchanged sentences
The following performance graph compares the cumulative total return on our Class A common stock with that of the S&P 500 Index and the NASDAQ Computer Index.
−Removed: This chart assumes $100 was invested in our Class A common stock at the close of market on June 26, 2015, which was our initial trading day, and in the S&P 500 Index and the NASDAQ Computer Index, and assumes the reinvestment of any dividends.
+Added: This chart assumes $100 was invested in our Class A common stock at the close of market on December 31, 2015, and in the S&P 500 Index and the NASDAQ Computer Index, and assumes the reinvestment of any dividends.
The comparisons in the graph below are based upon historical data and are not indicative of, nor intended to forecast, future performance of our common stock.
This performance graph shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or incorporated by reference into any of our other filings under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
−Removed: Unregistered Sales of Equity Securities
+Added: Unregistered Sales of Equity Securities and Purchases of Equity Securities
SELECTED FINANCIAL DATA
7 unchanged sentences
Consolidated Statements of Operations Data:
+Added: Revenue $ 310,056 $ 256,012 $ 190,071 $ 143,803 $ 105,586
Costs and operating expenses:
Cost of revenue (exclusive of depreciation and amortization) (4)
+Added: 119,029 101,642 73,549 55,283 44,630
Sales and marketing (4)
+Added: 58,445 51,528 33,288 28,709 28,827
Research and product development (4)
+Added: 48,529 39,508 24,111 16,578 12,638
General and administrative (4)
+Added: 47,480 34,478 24,891 21,199 17,979
Depreciation and amortization 26,790 22,395 14,576 12,699 9,935
7 unchanged sentences
Net income (loss) per common share:
+Added: Basic $ 4.62 $ 1.07 $ 0.59 $ 0.29 $ (0.25)
+Added: Diluted $ 4.44 $ 1.02 $ 0.56 $ 0.28 $ (0.25)
Weighted average common shares outstanding:
+Added: Basic 34,264 34,016 34,128 33,849 33,561
+Added: Diluted 35,713 35,567 35,562 35,151 33,561
+Added: (1) MyCase was divested on September 30, 2020.
+Added: The results of MyCase have been included in our results of operations through the date of divestiture.
+Added: Refer to Note 3, Divestitures and Business Combinations of our Consolidated Financial Statements included elsewhere in this Annual Report for additional information regarding this transaction.
(2) We acquired Dynasty on January 7, 2019.
The results of Dynasty have been included in our results of operations from the date of acquisition.
−Removed: Refer to Note 3, Business Combinations of our Consolidated Financial Statements included elsewhere in this Annual Report for additional information regarding this transaction.
+Added: Refer to Note 3, Divestitures and Business Combinations of our Consolidated Financial Statements included elsewhere in this Annual Report for additional information regarding this transaction.
(3) We acquired WegoWise on August 31, 2018.
The results of WegoWise have been included in our results of operations from the date of acquisition.
−Removed: Refer to Note 3, Business Combinations of our Consolidated Financial Statements included elsewhere in this Annual Report for additional information regarding this transaction.
(4) The following table presents stock-based compensation expense included in each respective expense category:
Year Ended December 31,
+Added: 2020 2019 2018 2017 2016
(in thousands)
6 unchanged sentences
At December 31,
+Added: 2020 2019 2018 2017 2016
(in thousands)
1 unchanged sentence
Cash and cash equivalents and investment securities $ 175,289 $ 50,778 $ 101,963 $ 68,310 $ 52,860
−Removed: Capitalized software, net
+Added: Capitalized software development costs, net 35,459 30,023 20,485 17,609 15,539
+Added: Total assets 389,480 260,102 175,741 110,248 92,583
Deferred revenue 2,262 4,586 3,414 7,080 7,638
+Added: Operating lease liabilities 41,991 36,138 — — —
Current and long-term debt, net — 48,583 49,815 — —
1 unchanged sentence
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.