3 unchanged sentences
There was no established trading market for shares of our common stock prior to January 29, 2007.
−Removed: According to the records of our transfer agent, as of July 31, 2019 , there were 2,325 holders of record of our common stock.
+Added: According to the records of our transfer agent, as of August 21, 2020, there were 2,204 holders of record of our common stock.
Dividend Policy
5 unchanged sentences
Issuer Repurchases of Equity Securities
−Removed: Following is a summary of stock repurchases for the fourth quarter of fiscal 2019:
−Removed: Total Number of Shares Repurchased
−Removed: Weighted Average Price Paid per Share
−Removed: Total Number of Shares Repurchased as Part of Publicly Announced Program
−Removed: Approximate Dollar Value of Shares that May Yet be Repurchased Under the Program (1)
−Removed: (in thousands)
−Removed: March 30, 2019 through April 26, 2019
−Removed: April 27, 2019 through May 24, 2019
−Removed: May 25, 2019 through June 28, 2019
−Removed: (1) Stock Repurchase Programs
In May 2018, our board of directors approved a repurchase program, which does not have an expiration date, for the repurchase of up to $7.5 million of our common stock.
−Removed: During the fourth quarter of fiscal 2019, we repurchased $0.4 million of our common stock in the open market.
−Removed: As of June 28, 2019 , $5.2 million remained available under our stock repurchase program.
+Added: In February 2020, we temporarily suspended the stock repurchase program.
+Added: During the fourth quarter of fiscal 2020, we did not repurchase any shares of our common stock in the open market.
+Added: As of July 3, 2020, $3.4 million remained available for repurchases under our stock repurchase program.
Performance Graph
The following graph and accompanying data compare the cumulative total return on our common stock with the cumulative total return of the Total Return Index for The NASDAQ Composite Market (U.S.
−Removed: Companies) and the NASDAQ Telecommunications Index for the five-year period ended June 28, 2019 .
+Added: Companies) and the NASDAQ Telecommunications Index for the five-year period ended July 3, 2020.
The stock price performance shown on the graph below is not necessarily indicative of future price performance.
3 unchanged sentences
and the NASDAQ Telecommunications Index
+Added: 7/3/2015 7/1/2016 6/30/2017 6/29/2018 6/28/2019 7/3/2020
Aviat Networks, Inc.
+Added: $ 100.00 $ 50.98 $ 110.20 $ 103.67 $ 86.76 $ 117.73
NASDAQ Composite $ 100.00 $ 98.28 $ 125.56 $ 155.19 $ 167.27 $ 215.50
12 unchanged sentences
Fiscal Year Ended
−Removed: (In thousands, except per share amounts)
−Removed: June 28, 2019
−Removed: June 29, 2018
−Removed: June 30, 2017
+Added: (In thousands, except per share amounts) July 3, 2020 June 28, 2019 June 29, 2018 June 30, 2017 July 1, 2016
Revenue from product sales and services $ 238,642 $ 243,858 $ 242,506 $ 241,874 $ 268,690
1 unchanged sentence
Income (loss) from continuing operations (1) (2)
+Added: 257 9,738 2,302 (621) (30,178)
Net income (loss) (1) (2)
+Added: 257 9,738 2,302 (621) (29,637)
Net income attributable to noncontrolling interests, net of tax
+Added: — — 457 202 270
Net income (loss) attributable to Aviat Networks (1) (2)
−Removed: Basic and diluted income (loss) per common share (3) :
−Removed: Income (loss) from continuing operations - basic
+Added: 257 9,738 1,845 (823) (29,907)
+Added: Basic and diluted net income (loss) per common share (3) :
Net income (loss) - basic $ 0.05 $ 1.81 $ 0.35 $ (0.16) $ (5.71)
1 unchanged sentence
_______________________
−Removed: Include share-based compensation expense of $1.7 million , $2.4 million , $2.1 million , $1.8 million and $2.2 million for fiscal 2019 , 2018 , 2017 , 2016 , and 2015, respectively.
−Removed: Include restructuring charges of $0.7 million , $1.3 million , $0.6 million , $2.5 million , and $4.9 million for fiscal 2019 , 2018 , 2017 , 2016 , and 2015, respectively.
+Added: (1) Includes share-based compensation expense of $1.7 million, $1.7 million, $2.4 million, $2.1 million and $1.8 million for fiscal 2020, 2019, 2018, 2017, and 2016, respectively.
+Added: (2) Includes restructuring charges of $4.0 million, $0.7 million, $1.3 million, $0.6 million, and $2.5 million for fiscal 2020, 2019, 2018, 2017, and 2016, respectively.
(3) On June 14, 2016, we effected a reverse stock split of all of the outstanding shares of our common stock at a ratio of 1-for-12 (“Reverse Stock Split”).
The authorized number of shares of 300 million and par value per share of our common stock of $0.01 per share remained unchanged after the Reverse Stock Split.
−Removed: (In thousands)
−Removed: June 28, 2019
−Removed: June 29, 2018
−Removed: June 30, 2017
+Added: (In thousands) July 3, 2020 June 28, 2019 June 29, 2018 June 30, 2017 July 1, 2016
+Added: Total assets $ 179,801 $ 169,193 $ 156,061 $ 152,576 $ 166,111
Long-term liabilities 17,150 15,466 12,077 12,218 12,707
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.