Item 5. Other Information
ITEM 5. OTHER INFORMATION
Immaterial Correction of Prior Period Financial Statements
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. These misstatements were present in the Q1, Q2 and Q3 2022 Form 10-Q filings. 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.
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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:
CORRECTED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited)
Six Months ended March 31, 2022 Nine Months ended June 30, 2022
As Previously Reported Adjustment As Corrected As Previously Reported Adjustment As Corrected
Amortization $ 13,354 $ 2,744 $ 16,098 $ 20,400 $ 3,238 $ 23,638
Changes in operating assets and liabilities (net of acquisitions) (37,272) 13,018 (24,254) (34,618) 12,524 (22,094)
Net cash (used for) provided by operating activities (4,004) 15,762 11,758 15,454 15,762 31,216
Payments of debt issuance costs — (13,443) (13,443) — (13,443) (13,443)
Payments on long-term debt (107,050) (2,319) (109,369) (127,050) (2,319) (129,369)
Net cash provided by (used in) financing activities $ 242,810 $ (15,762) $ 227,048 $ 224,313 $ (15,762) $ 208,551
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ITEM 6. EXHIBITS
Exhibit No. Description Method of Filing
3 (a) Restated Certificate of Incorporation of the Company, as amended (1) Incorporated by Reference
3 (b) Amended and Restated By-Laws of the Company (2)
Incorporated by Reference
10 (b) Digi International Inc. 2021 Omnibus Incentive Plan, as amended and restated (3)
Incorporated by Reference
31 (a) Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer
Filed Electronically
31 (b) Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer
Filed Electronically
32 Section 1350 Certification
Filed Electronically
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; (ii) Condensed Consolidated Statements of Comprehensive Income; (iii) Condensed Consolidated Balance Sheets; (iv) Condensed Consolidated Statements of Cash Flows; (v) Condensed Consolidated Statements of Stockholders' Equity; and (vi) the Notes to the Condensed Consolidated Financial Statements.
Filed Electronically
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. Digi agrees to furnish to the Commission a copy of any omitted schedule upon request.
** Management contract or compensatory plan or arrangement required to be filed as an exhibit to this Form 10-Q.
(1) Incorporated by reference to Exhibit 3(a) to the Company's Annual Report on Form 10-K for the year ended September 30, 1993.
(2) Incorporated by reference to Exhibit 3.1 to the Company's Current Report on Form 8-K filed on April 30, 2020.
(3) Incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on February 1, 2023.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.
DIGI INTERNATIONAL INC.
Date: February 3, 2023 By: /s/ James J. Loch
James J. Loch
Senior Vice President, Chief Financial Officer and Treasurer (Principal Financial Officer and Authorized Officer)
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.