5 unchanged sentences
As of December 31, 2020, the Company repurchased 2,816,000 shares at a cost of $121,348,000 under this program, including 1,215,000 shares at a cost of $51,036,000 during 2020, leaving a remaining balance of $78,652,000.
−Removed: The Company may repurchase shares under this program in future periods depending upon a variety of factors, including, among other things, the impact of dilution from employee stock awards, stock price, share availability, and cash requirements.
+Added: On March 12, 2020, the Company's Board of Directors authorized the repurchase of an additional $200,000,000 of the Company's common stock.
+Added: Purchases under this March 2020 program will commence upon completion of the October 2018 program.
+Added: The Company may repurchase shares under this program in future periods depending on a variety of factors, including, among other things, the impact of dilution from employee stock awards, stock price, share availability, and cash requirements.
+Added: The Company is authorized to make repurchases of its common stock through open market purchases, pursuant to Rule 10b5-1 trading plans, or in privately negotiated transactions.
The following table sets forth information with respect to purchases by the Company of shares of its common stock during each fiscal month of the fourth quarter of 2020:
Total Number of
−Removed: Shares Purchased
−Removed: Total Number of
+Added: Shares Purchased Average
+Added: per Share Total Number of
Shares Purchased as
1 unchanged sentence
Announced Plans or
−Removed: Approximate Dollar
+Added: Programs Approximate Dollar
Value of Shares that
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November 23 - December 31, 2020 — — — 278,652,000
−Removed: Set forth below is a line graph comparing the annual percentage change in the cumulative total shareholder return on the Company’s common stock, based upon the market price of the Company’s common stock, with the total return on companies within the Nasdaq Composite Index and the Research Data Group, Inc.
+Added: Total — $ — — $ 278,652,000
+Added: The information required by Item 5 of Form 10-K regarding equity compensation plans is incorporated herein by reference to Item 12 of Part III of this Annual Report.
+Added: The Company’s Board of Directors declared and paid cash dividends of $0.050 per share in the first, second, and third quarters of 2019, and $0.055 in the fourth quarter of 2019, as well as in the first, second, and third quarters of 2020.
+Added: The dividend was increased to $0.060 per share in the fourth quarter of 2020.
+Added: Also, in the fourth quarter of 2020, an additional special cash dividend of $2.00 per share was declared and paid.
+Added: Total dividends amounted to $390,508,000 in 2020, which included $351,428,000 paid for the special cash dividend, $35,124,000 in 2019, and $31,865,000 in 2018.
+Added: Future dividends will be declared at the discretion of the Company's Board of Directors and will depend upon such factors as the Board deems relevant, including, among other things, the Company's ability to generate positive cash flow from operations.
+Added: Table of Content
+Added: Set forth below is a line graph comparing the annual percentage change in the cumulative total shareholder return on the Company’s common stock, based on the market price of the Company’s common stock, with the total return on companies within the Nasdaq Composite Index and the Research Data Group, Inc.
Nasdaq Lab Apparatus & Analytical, Optical, Measuring & Controlling Instrument (SIC 3820-3829 US Companies) Index (the “Nasdaq Lab Apparatus Index”).
4 unchanged sentences
Fiscal year ended December 31.
+Added: 12/15 12/16 12/17 12/18 12/19 12/20
Cognex Corporation 100.00 189.58 365.72 232.13 337.84 498.56
3 unchanged sentences
Companies) Lab Apparatus & Analyt,Opt, Measuring, and Controlling Instrument
+Added: Table of Content
SELECTED FINANCIAL DATA
Year Ended December 31,
+Added: 2020 2019 2018 2017 2016
(In thousands, except per share amounts)
Statement of Operations Data:
+Added: Revenue $ 811,020 $ 725,625 $ 806,338 $ 766,083 $ 529,515
Cost of revenue (1) 206,421 189,754 206,052 187,289 131,070
+Added: Gross margin 604,599 535,871 600,286 578,794 398,445
Research, development, and engineering expenses (1) 130,982 119,427 116,445 99,205 78,269
Selling, general, and administrative expenses (1) 267,593 273,842 262,699 220,728 166,110
+Added: Restructuring charges 15,924 — — — —
+Added: Intangible asset impairment charges 19,571 — — — —
Operating income 170,529 142,602 221,142 258,861 154,066
Non-operating income 16,382 20,392 13,432 7,603 8,011
−Removed: Income from continuing operations before income tax expense
+Added: Income from continuing operations before income tax expense (benefit) 186,911 162,994 234,574 266,464 162,077
Income tax expense (benefit) on continuing operations 10,725 (40,871) 15,307 89,752 18,128
Net income from continuing operations 176,186 203,865 219,267 176,712 143,949
−Removed: Net income (loss) from discontinued operations (1)
+Added: Net loss from discontinued operations (1) — — — — (255)
+Added: Net income $ 176,186 $ 203,865 $ 219,267 $ 176,712 $ 143,694
Basic earnings per weighted-average common and common-equivalent share (2):
Net income from continuing operations $ 1.02 $ 1.19 $ 1.27 $ 1.02 $ 0.84
−Removed: Net income (loss) from discontinued operations
+Added: Net loss from discontinued operations $ — $ — $ — $ — $ —
+Added: Net income $ 1.02 $ 1.19 $ 1.27 $ 1.02 $ 0.84
Diluted earnings per weighted-average common and common-equivalent share (2):
Net income from continuing operations $ 1.00 $ 1.16 $ 1.24 $ 0.98 $ 0.83
−Removed: Net income (loss) from discontinued operations
+Added: Net loss from discontinued operations $ — $ — $ — $ — $ —
+Added: Net income $ 1.00 $ 1.16 $ 1.24 $ 0.98 $ 0.83
Weighted-average common and common-equivalent shares outstanding (2):
+Added: Basic 173,489 171,194 172,333 173,287 170,676
+Added: Diluted 176,592 175,269 177,406 179,551 174,144
Cash dividends per common share (2) $ 2.2250 $ 0.2050 $ 0.1850 $ 0.1675 $ 0.1475
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(2) Prior period results have been adjusted to reflect the two-for-one stock split effected in the form of a stock dividend which occurred in 2017.
+Added: 2020 2019 2018 2017 2016
(In thousands)
1 unchanged sentence
Working capital $ 469,394 $ 486,754 $ 688,969 $ 517,356 $ 461,357
+Added: Total assets 1,800,702 1,885,935 1,289,667 1,287,753 1,038,361
Shareholders’ equity 1,262,202 1,355,710 1,135,263 1,095,673 963,385
+Added: Table of Content
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.