2 unchanged sentences
Holders of Record
−Removed: As of August 7, 2020, there were approximately 5 shareholders of record of our ordinary shares.
+Added: As of August 6, 2021, there were 5 shareholders of record of our ordinary shares.
Because many of our ordinary shares are held by brokers and other institutions on behalf of shareholders, we are unable to estimate the total number of shareholders represented by these record holders.
2 unchanged sentences
Even if our board of directors decides to distribute dividends, the form, frequency and amount of such dividends will depend upon our future operations and earnings, capital requirements and surplus, general financial conditions, contractual restrictions, applicable laws and regulations and other factors our board of directors may deem relevant.
+Added: Securities Authorized for Issuance Under Equity Compensation Plans
+Added: See Part III, Item 12 “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters” of this Annual Report on Form 10-K for more information regarding securities authorized for issuance.
Sales of Unregistered Securities
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: On August 18, 2017, we announced that our board of directors had approved a share repurchase program to permit us to repurchase up to $30.0 million worth of our issued and outstanding ordinary shares in the open market in accordance with applicable rules and regulations, at such time and such prices as management may decide.
−Removed: In February 2018 and May 2019, we announced that our board of directors approved increases of $30.0 million and $50.0 million, respectively, to the original share repurchase authorization, bringing the aggregate authorization to $110.0 million.
−Removed: The repurchased shares will be held as treasury stock.
−Removed: During the year ended June 26, 2020, 355,000 shares were repurchased under the program, at an average price per share of $58.37, for an aggregate purchase price of $20.7 million.
−Removed: As of June 26, 2020, we had a remaining authorization to purchase up to an additional $41.5 million worth of our ordinary shares.
The following table summarizes share repurchase activity for the three months ended June 25, 2021:
−Removed: Total Number of
−Removed: Shares Purchased
−Removed: Average Price
−Removed: Total Number of
+Added: Period Total Number of
+Added: Shares Purchased Average Price
+Added: Per Share Total Number of
Shares Purchased As
Part of Publicly
−Removed: Announced Program
+Added: Announced Program (1) Maximum
That May Yet Be
3 unchanged sentences
May 22, 2021 – June 25, 2021 54,425 $ 91.79 4,995,497 $ 81,161,564
+Added: Total 122,583 10,527,761
+Added: (1) On August 18, 2017, we announced that our board of directors had approved a share repurchase program to permit us to repurchase up to $30.0 million worth of our issued and outstanding ordinary shares in the open market in accordance with applicable rules and regulations, including pursuant to pre-set trading plans adopted in accordance with Rule 10b5-1 under the Exchange Act of 1934.
+Added: In February 2018, May 2019 and August 2020, we announced that our board of directors approved increases of $30.0 million, $50.0 million and $58.5 million, respectively, to the original share repurchase authorization, bringing the aggregate authorization to $168.5 million.
+Added: On November 4, 2020, we entered into a pre-set trading plan adopted in accordance with Rule 10b5-1 to effect repurchases under our share repurchase program.
+Added: The repurchased shares will be held as treasury stock.
+Added: Our share repurchase program does not have an expiration date.
+Added: During the year ended June 25, 2021, 239,486 shares were repurchased under the program, at an average price per share (excluding other direct costs) of $78.66, for an
+Added: aggregate purchase price of $18.8 million.
+Added: As of June 25, 2021, we had a remaining authorization to repurchase up to an additional $81.2 million worth of our ordinary shares.
Equity Compensation Plan Information
−Removed: The equity compensation plan information required by this item, which includes a summary of the number of outstanding equity awards granted to employees and directors as well as the number of securities remaining
−Removed: available for future issuance under our equity compensation plans as of June 26, 2020, is incorporated by reference to our Proxy Statement for our 2020 Annual Meeting of Shareholders to be filed with the SEC within 120 days after the end of our fiscal year ended June 26, 2020.
+Added: The equity compensation plan information required by this item, which includes a summary of the number of outstanding equity awards granted to employees and directors as well as the number of securities remaining available for future issuance under our equity compensation plans as of June 25, 2021, is incorporated by reference to our Proxy Statement for our 2021 Annual Meeting of Shareholders to be filed with the SEC within 120 days after the end of our fiscal year ended June 25, 2021.
Five-Year Performance Graph
3 unchanged sentences
Historic stock performance is not necessarily indicative of future stock price performance.
−Removed: SELECTED FINANCIAL DATA.
−Removed: The selected consolidated financial data presented below should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and the related notes included elsewhere in this Annual Report on Form 10-K.
−Removed: The selected financial data set forth below as of June 26, 2020 and June 28, 2019, and for the fiscal years ended June 26, 2020, June 28, 2019 and June 29, 2018 are derived from the audited consolidated financial statements included elsewhere in this Annual Report on Form 10-K.
−Removed: The selected financial data as of June 29, 2018, June 30, 2017 and June 24, 2016, and for the fiscal years ended June 30, 2017 and June 24, 2016 are derived from the audited consolidated financial statements not included in this Annual Report on Form 10-K.
−Removed: No retrospective accounting changes have impacted the periods presented.
−Removed: Each of the fiscal years in the table below consisted of 52 weeks, except fiscal year 2017, which consisted of 53 weeks.
−Removed: The results presented below are not necessarily indicative of financial results to be achieved in future periods.
−Removed: (amount in thousands, except per share data)
−Removed: June 26, 2020
−Removed: June 28, 2019
−Removed: June 29, 2018
−Removed: June 30, 2017
−Removed: June 24, 2016
−Removed: Selected Consolidated Statements of
−Removed: Operations Data:
−Removed: Cost of revenues
−Removed: Selling, general and administrative expenses
−Removed: Other income related to flooding, net
−Removed: Expenses related to reduction in workforce
−Removed: Operating income
−Removed: Interest income
−Removed: Interest expense
−Removed: Foreign exchange gain (loss), net
−Removed: Other income (expense), net
−Removed: Income before income taxes
−Removed: Income tax expense
−Removed: Other comprehensive income (loss), net of tax
−Removed: Net comprehensive income
−Removed: Earnings per share:
−Removed: Weighted average number of ordinary shares outstanding (thousands of shares):
−Removed: (amount in thousands)
−Removed: June 26, 2020
−Removed: June 28, 2019
−Removed: June 29, 2018
−Removed: June 30, 2017
−Removed: June 24, 2016
−Removed: Selected Consolidated Balance Sheet Data:
−Removed: Cash and cash equivalents
−Removed: Short-term investments
−Removed: Short-term restricted cash
−Removed: Working capital
−Removed: Long-term borrowings, net
−Removed: Total liabilities
−Removed: Total shareholders’ equity
−Removed: Working capital is defined as trade accounts receivable plus inventory, less trade accounts payable.
−Removed: (amount in thousands)
−Removed: June 26, 2020
−Removed: June 28, 2019
−Removed: June 29, 2018
−Removed: June 30, 2017
−Removed: June 24, 2016
−Removed: Selected Consolidated Statements of Cash Flow Data:
−Removed: Net cash provided by operating activities
−Removed: Net cash used in investing activities
−Removed: Net cash (used in) provided by financing activities
−Removed: Net increase (decrease) in cash, cash equivalents and restricted cash
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.