OTHER INFORMATION
+Added: Immaterial Correction of Prior Period Financial Statements
+Added: As discussed in Note 2 to the Condensed Consolidated Financial Statements included in Part I, Item 1 of this Form 10-Q, the Company discovered immaterial misstatements in the condensed consolidated statements of cash flows related to the debt issuance costs associated with our second and third amended and restated credit agreement entered into in November and December 2021, respectively.
+Added: These misstatements were present in the Q1, Q2 and Q3 2022 Form 10-Q filings.
+Added: The Company has corrected the comparable Q1 condensed financial statements in Part 1, Item 1 of this Form 10-Q and plans to correct the comparable Q2 2022 and Q3 2022 condensed consolidated financial statements that will be presented in the Q2 2023 and Q3 2023 Form 10-Q filings, respectively.
+Added: The following tables reflect the effects of the correction on all affected line items of the Company's previously reported condensed consolidated financial statements to be presented as comparative in the Form 10-Q for the three months ended March 31, 2023 and June 30, 2023:
+Added: CORRECTED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited)
+Added: Six Months ended March 31, 2022 Nine Months ended June 30, 2022
+Added: As Previously Reported Adjustment As Corrected As Previously Reported Adjustment As Corrected
+Added: Amortization $ 13,354 $ 2,744 $ 16,098 $ 20,400 $ 3,238 $ 23,638
+Added: Changes in operating assets and liabilities (net of acquisitions) (37,272) 13,018 (24,254) (34,618) 12,524 (22,094)
+Added: Net cash (used for) provided by operating activities (4,004) 15,762 11,758 15,454 15,762 31,216
+Added: Payments of debt issuance costs — (13,443) (13,443) — (13,443) (13,443)
+Added: Payments on long-term debt (107,050) (2,319) (109,369) (127,050) (2,319) (129,369)
+Added: Net cash provided by (used in) financing activities $ 242,810 $ (15,762) $ 227,048 $ 224,313 $ (15,762) $ 208,551
Description Method of Filing
2 unchanged sentences
Incorporated by Reference
−Removed: 10 (a) Purchase Agreement dated as of November 1, 2021 by and among Keith Charette, Steven Glaser, The Keith R.
−Removed: Charette DE Incomplete – Gift Non-Grantor Trust, Ventus Networks, LLC, Ventus Holdings, LLC, Ventus IP Holdings, LLC, Ventus Wireless Services, Inc., Ventus Wireless CA, Inc., VClipz, Inc., and Digi International Inc.
−Removed: Incorporated by Reference
−Removed: 10 (b) Second Amended and Restated Credit Agreement dated as of November 1, 2021, by and among Digi International Inc., as the Borrower, BMO Harris Bank N.A., as administrative agent and collateral agent, BMO Capital Markets Corp., as sole lead arranger and book runner, and the other lenders from time to time party thereto.
−Removed: Incorporated by Reference
−Removed: 10 (c) Third Amended and Restated Credit Agreement dated December 22, 2021, by and among Digi International Inc.
−Removed: as the Borrower, BMO Harris Bank N.A., as the administrative agent and collateral agent, BMO Capital Markets Corp, as the sole lead arranger and book runner, and other lenders from time-to-time party thereto.
−Removed: Incorporated by Reference
−Removed: 10 (d) Digi International Inc.
+Added: 10 (b) Digi International Inc.
2021 Omnibus Incentive Plan, as amended and restated (3)
6 unchanged sentences
Filed Electronically
−Removed: 101 The following materials from Digi International Inc.'s Quarterly Report on Form 10-Q for the fiscal period ended June 30, 2022, as filed with the Security and Exchange Commission, formatted in iXBRL (Inline eXtensible Business Reporting Language):
+Added: 101 The following materials from Digi International Inc.'s Quarterly Report on Form 10-Q for the fiscal period ended December 31, 2022, as filed with the Security and Exchange Commission, formatted in iXBRL (Inline eXtensible Business Reporting Language):
(i) Condensed Consolidated Statements of Operations;
5 unchanged sentences
Filed Electronically
−Removed: 104 The cover page from Digi International Inc.'s Quarterly Report on Form 10-Q for the period ended June 30, 2022 is formatted in iXBRL (included in Exhibit 101).
+Added: 104 The cover page from Digi International Inc.'s Quarterly Report on Form 10-Q for the period ended December 31, 2022 is formatted in iXBRL (included in Exhibit 101).
* Schedules have been omitted pursuant to Item 601(a)(5) of Regulation S-K.
3 unchanged sentences
(2) Incorporated by reference to Exhibit 3.1 to the Company's Current Report on Form 8-K filed on April 30, 2020.
−Removed: (3) Incorporated by reference to Exhibit 2.1 to the Company's Current Report on Form 8-K filed on November 2, 2021.
−Removed: (4) Incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on November 2, 2021.
−Removed: (5) Incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on December 23, 2021.
(3) Incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on February 1, 2023.
1 unchanged sentence
DIGI INTERNATIONAL INC.
−Removed: August 5, 2022 By:
+Added: February 3, 2023 By:
Senior Vice President, Chief Financial Officer and Treasurer (Principal Financial Officer and Authorized Officer)
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.