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Our common stock has been quoted on the New York Stock Exchange (“NYSE”) under the symbol “ATEN.”
+Added: We have never declared or paid any cash dividends on shares of our capital stock.
+Added: We presently expect to retain the majority of our earnings to finance the expansion and development of our business and we do not have any present plans to pay cash dividends on our capital stock in the near future.
+Added: Our board of directors will determine future dividends, if any.
There were approximately 100 stockholders of record on February 26, 2021.
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The following graph compares the cumulative total return on our common stock, the NASDAQ Composite Index and the Russell 1000 Index.
−Removed: The graph assumes $100 was invested on January 1, 2015 in our common stock and each index and all dividends were reinvested.
+Added: The graph assumes $100 was invested on December 31, 2015 in our common stock and each index and all dividends were reinvested.
The historic stock price performance is not necessarily indicative of future stock price performance.
Issuer Purchases of Equity Securities
+Added: On September 17, 2020, the Company issued a press release announcing that the Company’s Board of Directors had approved a stock repurchase program of up to $50 million of its common stock over a period of twelve months.
+Added: To date, all repurchases under this program have occurred in the open market.
+Added: Share repurchase activity during the three months ended December 31, 2020 was as follows (in thousands, except per share amounts):
+Added: Periods Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (1)
+Added: October 1 - 31, 2020 2,180 $ 7.07 2,180
+Added: November 1 - 30, 2020 520 $ 7.31 520
+Added: December 1 - 31, 2020 — $ — —
+Added: Total 2,700 $ 30,795
+Added: (1) The $30.8 million in the table represents the amount available to repurchase shares under the authorized repurchase program as of December 31, 2020.
+Added: The Company’s stock repurchase program does not obligate it to acquire any specific number of shares.
+Added: Under this program, shares may be repurchased in privately negotiated and/or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act.
Unregistered Sales of Equity Securities
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We elected to adopt this accounting standard on a modified retrospective basis which resulted in the impact of adoption being recorded as of January 1, 2018.
−Removed: The amounts in all other years, other than 2019 and 2018, in the tables below have been prepared on the previously outstanding guidance on revenue recognition.
+Added: The amounts in years 2017 and 2016 in the tables below have been prepared on the previously outstanding guidance on revenue recognition.
We have disclosed the ASC 606 adoption impact on our revenue recognition in Note 2 of the audited consolidated financial statements included in Part II, Item 8 of this report.
−Removed: The amounts as of and for the year ended December 31, 2019 have been prepared based on our adoption of Accounting Standards Codification (“ASC”) No.
+Added: The amounts as of and for the years ended December 31, 2020 and 2019 have been prepared based on our adoption of ASC No.
842, Leases .
We adopted this accounting standard on a modified retrospective basis which resulted in the impact of adoption being recorded as of January 1, 2019.
−Removed: The amounts in all other years, other than 2019, in the tables below have been prepared on the previously outstanding guidance on leases.
−Removed: We have disclosed the ASC 842 adoption impact on our right-of-use assets and lease liabilities in Note 5 of the audited consolidated financial statements included in Part II, Item 8 of this report.
+Added: The amounts in all other years, other than 2020 and 2019, in the tables below have been prepared on the previously outstanding guidance on leases.
+Added: We have disclosed the ASC 842 adoption impact on our right-of-use assets and lease liabilities in Note 5 Leases, of the audited consolidated financial statements included in Part II, Item 8 of this report.
Years Ended December 31,
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Consolidated Statement of Operations Data:
+Added: Revenue $ 225,527 $ 212,628 $ 232,223 $ 235,429 $ 227,297
Cost of revenue $ 50,148 $ 48,881 $ 51,896 $ 53,318 $ 54,413
−Removed: Loss from operations
−Removed: Net loss per share:
−Removed: basic and diluted
−Removed: Weighted-average shares used in computing net loss per share:
−Removed: basic and diluted
+Added: Gross profit $ 175,379 $ 163,747 $ 180,327 $ 182,111 $ 172,884
+Added: Income (loss) from operations $ 17,733 $ (17,094) $ (27,679) $ (10,372) $ (20,570)
+Added: Net income (loss) $ 17,816 $ (17,819) $ (27,617) $ (10,751) $ (22,391)
+Added: Net income (loss) per share:
+Added: Basic $ 0.23 $ (0.23) $ (0.38) $ (0.15) $ (0.34)
+Added: Diluted $ 0.22 $ (0.23) $ (0.38) $ (0.15) $ (0.34)
+Added: Weighted-average shares used in computing net income (loss) per share:
+Added: Basic 77,776 76,080 72,882 70,053 65,701
+Added: Diluted 80,019 76,080 72,882 70,053 65,701
Consolidated Balance Sheet Data:
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Working capital $ 134,523 $ 123,358 $ 117,572 $ 111,076 $ 95,285
+Added: Total assets $ 290,811 $ 274,053 $ 235,876 $ 224,858 $ 216,733
Deferred revenue (current and non-current) $ 108,699 $ 101,164 $ 97,966 $ 94,637 $ 91,617
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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.