4 unchanged sentences
In October 2018, the Company's Board of Directors authorized the repurchase of $200,000,000 of the Company's common stock.
−Removed: 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.
+Added: Under this October 2018 program, the Company repurchased 1,398,000 shares at a cost of $61,690,000 in 2019, 1,215,000 shares at a cost of $51,036,000 in 2020, and 957,000 shares at a cost of $78,652,000 in 2021, which completed purchases under this program.
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.
−Removed: Purchases under this March 2020 program will commence upon completion of the October 2018 program.
+Added: Under this March 2020 program, the Company repurchased 1,060,000 shares, including 5,000 shares that had not yet settled as of December 31, 2021, at a cost of $83,000,000 in 2021, leaving a remaining balance of $117,000,000.
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.
11 unchanged sentences
Plans or Programs
−Removed: September 28 - October 25, 2020 — $ — — $ 278,652,000
−Removed: October 26 - November 22, 2020 — — — 278,652,000
+Added: October 4 - October 31, 2021 376,000 $ 80.70 376,000 $ 199,990,000
+Added: November 1 - November 28, 2021 624,000 79.76 624,000 150,229,000
November 29 - December 31, 2021 436,000 76.19 436,000 117,000,000
1 unchanged sentence
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.
−Removed: 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 Company’s Board of Directors declared and paid cash dividends of $0.050 per share in the first, second, and third quarters of 2019, $0.055 per share in the fourth quarter of 2019 and in the first, second, and third quarters of 2020, and $0.060 per share in the fourth quarter of 2020 and in the first, second, and third quarters of 2021.
The dividend was increased to $0.065 per share in the fourth quarter of 2021.
Also, in the fourth quarter of 2020, an additional special cash dividend of $2.00 per share was declared and paid.
−Removed: 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.
−Removed: 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: Total dividends paid were $43,263,000 in 2021, $390,508,000 in 2020, which included $351,428,000 paid for the special cash dividend, and $35,124,000 in 2019.
+Added: Future dividends will be declared at the discretion of the Company's Board of Directors and will depend on such factors as the Board deems relevant, including, among other things, the Company's ability to generate positive cash flow from operations.
Table of Content
13 unchanged sentences
Table of Content
−Removed: SELECTED FINANCIAL DATA
−Removed: Year Ended December 31,
−Removed: 2020 2019 2018 2017 2016
−Removed: (In thousands, except per share amounts)
−Removed: Statement of Operations Data:
−Removed: Revenue $ 811,020 $ 725,625 $ 806,338 $ 766,083 $ 529,515
−Removed: Cost of revenue (1) 206,421 189,754 206,052 187,289 131,070
−Removed: Gross margin 604,599 535,871 600,286 578,794 398,445
−Removed: Research, development, and engineering expenses (1) 130,982 119,427 116,445 99,205 78,269
−Removed: Selling, general, and administrative expenses (1) 267,593 273,842 262,699 220,728 166,110
−Removed: Restructuring charges 15,924 — — — —
−Removed: Intangible asset impairment charges 19,571 — — — —
−Removed: Operating income 170,529 142,602 221,142 258,861 154,066
−Removed: Non-operating income 16,382 20,392 13,432 7,603 8,011
−Removed: Income from continuing operations before income tax expense (benefit) 186,911 162,994 234,574 266,464 162,077
−Removed: Income tax expense (benefit) on continuing operations 10,725 (40,871) 15,307 89,752 18,128
−Removed: Net income from continuing operations 176,186 203,865 219,267 176,712 143,949
−Removed: Net loss from discontinued operations (1) — — — — (255)
−Removed: Net income $ 176,186 $ 203,865 $ 219,267 $ 176,712 $ 143,694
−Removed: Basic earnings per weighted-average common and common-equivalent share (2):
−Removed: Net income from continuing operations $ 1.02 $ 1.19 $ 1.27 $ 1.02 $ 0.84
−Removed: Net loss from discontinued operations $ — $ — $ — $ — $ —
−Removed: Net income $ 1.02 $ 1.19 $ 1.27 $ 1.02 $ 0.84
−Removed: Diluted earnings per weighted-average common and common-equivalent share (2):
−Removed: Net income from continuing operations $ 1.00 $ 1.16 $ 1.24 $ 0.98 $ 0.83
−Removed: Net loss from discontinued operations $ — $ — $ — $ — $ —
−Removed: Net income $ 1.00 $ 1.16 $ 1.24 $ 0.98 $ 0.83
−Removed: Weighted-average common and common-equivalent shares outstanding (2):
−Removed: Basic 173,489 171,194 172,333 173,287 170,676
−Removed: Diluted 176,592 175,269 177,406 179,551 174,144
−Removed: Cash dividends per common share (2) $ 2.2250 $ 0.2050 $ 0.1850 $ 0.1675 $ 0.1475
−Removed: (1) Amounts include stock-based compensation expense, as follows:
−Removed: Cost of revenue $ 1,365 $ 1,504 $ 2,447 $ 1,881 $ 1,052
−Removed: Research, development, and engineering 13,387 15,748 14,578 11,022 6,271
−Removed: Selling, general, and administrative 27,909 28,337 24,065 19,039 13,235
−Removed: Discontinued operations — — — — —
−Removed: Total stock-based compensation expense $ 42,661 $ 45,589 $ 41,090 $ 31,942 $ 20,558
−Removed: (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.
−Removed: 2020 2019 2018 2017 2016
−Removed: (In thousands)
−Removed: Balance Sheet Data:
−Removed: Working capital $ 469,394 $ 486,754 $ 688,969 $ 517,356 $ 461,357
−Removed: Total assets 1,800,702 1,885,935 1,289,667 1,287,753 1,038,361
−Removed: Shareholders’ equity 1,262,202 1,355,710 1,135,263 1,095,673 963,385
−Removed: 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.