10 unchanged sentences
The dividend policy may be changed or canceled at the discretion of the Board of Directors at any time.
−Removed: See Note 9 “ Stockholders' Equity & Stock-Based Compensation ” to our consolidated financial statements for additional information related to the quarterly dividend.
−Removed: Further discussion of our recurring quarterly dividend is included within Shareholder Return in Item 7 " Management’s Discussion and Analysis of Financial Condition and Results of Operations ."
+Added: For additional information related to our quarterly dividend, see Note 9 " Stockholders' Equity and Stock-Based Compensation " to our consolidated financial statements and Shareholder Return in Part II, Item 7 " Management's Discussion and Analysis of Financial Condition and Results of Operations."
Sales of Unregistered Securities
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: In November 2009, our Board of Directors announced a stock repurchase program ("program"), providing for the repurchase of our Class A common stock.
+Added: In November 2009, we announced a stock repurchase program ("program"), providing for the repurchase of our Class A common stock.
Stock repurchases under the program may be made through open market transactions, negotiated purchases, or otherwise, at times and in amounts that we consider appropriate.
12 unchanged sentences
July 2019 350,000
+Added: July 2021 350,000
Total $ 2,350,000
2 unchanged sentences
Paid Per Share (1)
−Removed: Total Shares Purchased As Part Of Publicly Announced Programs Remaining Authorized Repurchases (2)
+Added: Total Shares Purchased As Part Of Publicly Announced Programs Remaining Authorized Share Repurchases (2)
June 26, 2021 - July 23, 2021 — $— — $37.4 million
7 unchanged sentences
The figures represented below assume an investment of $100 in our Class A common stock at the closing price of $54.29 on September 30, 2016, and in the NYSE Composite and Russell 3000 on the same date and the reinvestment of dividends into shares of common stock.
−Removed: The comparisons in the table are required by the Securities and Exchange Commission and are not intended to forecast or be indicative of possible future performance of our Class A common stock.
+Added: The comparisons in the table are required by the SEC and are not intended to forecast or be indicative of possible future performance of our Class A common stock.
This graph shall not be deemed "filed" for purposes of Section 18 of Securities Exchange Act of 1934, as amended ("Exchange Act") or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any of our filings under the Securities Act or the Exchange Act.
−Removed: SELECTED FINANCIAL DATA
−Removed: The following selected consolidated financial data should be read in conjunction with Part II, Item 7, “ Management's Discussion and Analysis of Financial Condition and Results of Operations ,” and our audited consolidated financial statements and the accompanying notes included within this filing.
−Removed: The consolidated balance sheet data for the fiscal years ended September 25, 2020 and September 27, 2019, and consolidated statements of operations data for the fiscal years ended September 25, 2020, September 27, 2019, and September 28, 2018 were derived from our audited consolidated financial statements included in this report.
−Removed: The consolidated balance sheet data as of September 28, 2018, September 29, 2017, and September 30, 2016 and consolidated statements of operations data for the fiscal years ended September 29, 2017 and September 30, 2016 were derived from our audited consolidated financial statements not included in this report.
−Removed: The historical financial results presented below are not necessarily indicative of results to be achieved in future periods.
−Removed: Note that fiscal 2016 consisted of 53 weeks, while all other fiscal years presented consisted of 52 weeks.
−Removed: All amounts presented below are displayed in thousands, except per share amounts.
−Removed: Fiscal Year Ended
−Removed: September 25,
−Removed: 2020 September 27,
−Removed: 2019 September 28,
−Removed: 2018 September 29,
−Removed: 2017 September 30,
−Removed: Revenue $ 1,161,792 $ 1,241,620 $ 1,054,600 $ 1,080,177 $ 1,025,738
−Removed: Gross margin 1,015,294 1,080,766 927,038 961,648 916,756
−Removed: Operating expenses 796,552 823,689 743,533 714,515 684,961
−Removed: Income before provision for income taxes 239,715 282,307 196,374 255,145 235,904
−Removed: Net income attributable to Dolby Laboratories, Inc.
−Removed: 231,363 255,151 41,746 206,481 185,860
−Removed: Net Income Per Share:
−Removed: Basic $ 2.30 $ 2.51 $ 0.40 $ 2.03 $ 1.85
−Removed: Diluted $ 2.25 $ 2.44 $ 0.39 $ 2.00 $ 1.81
−Removed: Weighted-Average Shares Outstanding:
−Removed: Basic 100,564 101,629 103,377 101,784 100,717
−Removed: Diluted 102,944 104,572 106,978 103,286 102,424
−Removed: Cash dividends declared per common share $ 0.88 $ 0.79 $ 0.67 $ 0.58 $ 0.50
−Removed: Cash dividend paid per common share $ 0.88 $ 0.76 $ 0.64 $ 0.56 $ 0.48
−Removed: Fiscal Year Ended
−Removed: September 25,
−Removed: 2020 September 27,
−Removed: 2019 September 28,
−Removed: 2018 September 29,
−Removed: 2017 September 30,
−Removed: Cash and cash equivalents $ 1,071,876 $ 797,210 $ 918,063 $ 627,017 $ 516,112
−Removed: Working capital 1,280,087 1,074,687 1,211,378 1,061,218 546,647
−Removed: Short-term and long-term investments 99,097 298,733 365,920 562,121 515,533
−Removed: Total assets 2,917,325 2,821,749 2,865,387 2,836,463 2,310,106
−Removed: Total stockholders’ equity—Dolby Laboratories, Inc.
−Removed: 2,432,643 2,307,351 2,363,936 2,391,627 1,970,256
−Removed: (1) The selected financial data for fiscal year ended September 30, 2016 presented in the table above reflects ASC 605, and has not been recast for, and does not reflect the adoption of ASC 606.
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.