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In addition, the covenants of our credit facility may restrict us from paying dividends or making other distributions to our stockholders under certain circumstances.
+Added: On April 7, 2021, we effected a two-for-one split in the form of a stock dividend to shareholders of record as of April 1, 2021.
Sales of Unregistered Securities
+Added: On April 13, 2021, we filed a registration statement on Form S-3 with the SEC using a “shelf” registration process.
+Added: When we utilize the shelf registration we will be able to, from time to time, offer and sell, either individually or in combination, in one or more offerings, up to a total dollar amount of $200 million of any combination of the securities described in the shelf registration statement or a related prospectus supplement.
During fiscal 2021, we did not issue or sell any unregistered securities.
Issuer Repurchases of Equity Securities
−Removed: 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: In February 2020, we temporarily suspended the stock repurchase program.
−Removed: During the fourth quarter of fiscal 2020, we did not repurchase any shares of our common stock in the open market.
+Added: In May 2018, our Board of Directors approved a stock repurchase program, which does not have an expiration date, for the repurchase of up to $7.5 million of our common stock.
+Added: The stock repurchase program was suspended temporarily between February 2020 and February 2021.
+Added: During fiscal 2021, our Board of Directors voted to re-instate our stock repurchase program and we repurchased 19,587 shares of our common stock in the open market for an aggregate purchase price, including commissions, of $0.8 million.
+Added: These shares were recorded as treasury stock and we do not anticipate retiring them.
+Added: Treasury stock did not participate in the two-for-one stock split in the form of a stock
+Added: dividend paid on April 7, 2021.
As of July 2, 2021, $2.6 million remained available for repurchases under our stock repurchase program.
+Added: Period Total Number of Shares Repurchased Average Price Paid per Share Total Number of Shares Repurchased as Part of Publicly Announced Program Approximate dollar Value of Shares that May Yet be Repurchased Under the Program (1)
+Added: (in thousands)
+Added: April 3, 2021 through April 30, 2021 — — — $ 2,956
+Added: May 1, 2021 through May 28, 2021 11,287 $ 29.10 11,287 $ 2,627
+Added: May 29, 2021 through July 2, 2021 — — — $ 2,627
+Added: _______________________
+Added: (1) In May 2018, our Board of Directors approved a stock repurchase program, which does not have an expiration date, for the repurchase of up to $7.5 million of our common stock.
Performance Graph
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____________________________
−Removed: * Assumes (i) $100 invested on June 3, 2015 in Aviat Networks, Inc.
+Added: * Assumes (i) $100 invested on July 1, 2016 in Aviat Networks, Inc.
common stock, the Total Return Index for The NASDAQ Composite Market (U.S.
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The following table summarizes our selected historical financial information for each of the last five fiscal years that has been derived from our consolidated financial statements.
−Removed: All of the per-share data have been retroactively adjusted for the 1-for-12 reverse stock split discussed in footnote 3 below.
Data presented for fiscal years 2021, 2020 and 2019 are included elsewhere in this Annual Report on Form 10-K.
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Fiscal Year Ended
−Removed: (In thousands, except per share amounts) July 3, 2020 June 28, 2019 June 29, 2018 June 30, 2017 July 1, 2016
+Added: (In thousands, except per share amounts) July 2, 2021 July 3, 2020 June 28, 2019 June 29, 2018 July 1, 2017
Revenue from product sales and services $ 274,911 $ 238,642 $ 243,858 $ 242,506 $ 241,874
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Net income (loss) attributable to Aviat Networks 110,139 257 9,738 1,845 (823)
−Removed: 257 9,738 1,845 (823) (29,907)
Basic and diluted net income (loss) per common share (4) :
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(2) Includes restructuring charges of $2.3 million, $4.0 million, $0.7 million, $1.3 million, and $0.6 million for fiscal 2021, 2020, 2019, 2018, and 2017, respectively.
−Removed: (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”).
−Removed: 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) July 3, 2020 June 28, 2019 June 29, 2018 June 30, 2017 July 1, 2016
+Added: (3) Includes U.S.
+Added: valuation allowance release of $92.2 million related to U.S.
+Added: federal and state deferred tax assets for fiscal 2021.
+Added: (4) On April 7, 2021, we effected a stock split in the form of a stock dividend of all of the outstanding shares of our common stock at a ratio of two-for-one (“Stock Split”).
+Added: 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 Stock Split.
+Added: (In thousands) July 2, 2021 July 3, 2020 June 28, 2019 June 29, 2018 July 1, 2017
Total assets $ 297,653 $ 179,801 $ 169,193 $ 156,061 $ 152,576
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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.