1 unchanged sentence
Holders of Record
−Removed: On March 4, 2020, other than ordinary shares held in “nominee” or “street” name and those in our treasury account, we had 2 holders of record.
+Added: On February 26, 2021, all of our issued ordinary shares were held in “nominee” or “street” name or in our treasury account.
We do not anticipate that we will pay any cash dividends on our ordinary shares for the foreseeable future.
Any determination to pay dividends in the future will be at the discretion of our Board of Directors and will depend upon our financial condition, results of operations, contractual restrictions (including those under our Credit Facilities and any potential indebtedness we may incur in the future), restrictions imposed by applicable law, tax considerations, and other factors our Board of Directors deems relevant.
−Removed: Share Repurchase Program
−Removed: Information related to repurchases of our ordinary shares during 2019 is as follows:
−Removed: Total Number of Shares Repurchased
−Removed: Average Price Paid per Share
−Removed: Total Number of
−Removed: Shares Purchased
−Removed: as Part of Publicly
−Removed: Announced Program
−Removed: Amount Available Under Repurchase Program (1)
−Removed: (dollars in thousands, except per share amounts)
−Removed: Amount available at December 28, 2018
−Removed: Quarter ended March 29, 2019
−Removed: Quarter ended June 28, 2019
−Removed: Quarter ended September 27, 2019
−Removed: November 2019
−Removed: December 2019
−Removed: Quarter ended December 27, 2019
−Removed: The amounts presented in this column are the remaining total authorized value to be spent after each month’s repurchases.
−Removed: On February 15, 2018, we announced that our Board of Directors authorized a $50.0 million share repurchase program under which we may repurchase our ordinary shares in the open market or through privately negotiated transactions, depending on market conditions and other factors.
−Removed: Repurchases were funded with cash on-hand and cash flows from operations.
−Removed: On August 18, 2018, our Board of Directors increased the amount authorized under the share repurchase program by $50.0 million.
Stock Performance Graph
9 unchanged sentences
Our historical results are not necessarily indicative of the results that may be expected in the future.
−Removed: You should read the selected historical financial data below in conju nction with the sectio n titled Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations and the financial statements and related notes included elsewhere in this report.
+Added: You should read the selected historical financial data below in conjunction with the section titled Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations and the financial statements and related notes included elsewhere in this report.
(dollars in thousands, except per share amounts)
20 unchanged sentences
Accordingly, $4.8 million and $5.2 million were subsequently charged to cost of sales in 2018 and 2017, respectively, as the acquired-inventory was sold.
−Removed: During 2019, income tax benefit consists primarily of taxable loss incurred in the United States, the benefit from our tax holiday in Singapore, as well as the impacts of withholding taxes, stock option exercises, credit generation, and the release of tax reserves established in purchase accounting.
−Removed: During 2018, income tax benefit consists primarily of the impact of U.S.
+Added: During 2020, income tax benefit primarily consisted of the benefit from our tax holiday in Singapore, as well as the impacts of withholding taxes, stock option exercises , and credit generation .
+Added: During 2019, income tax benefit primarily consisted of taxable loss incurred in the United States, the benefit from our tax holiday in Singapore , as well as the impacts of withholding taxes, stock option exercises, credit generation, and the release of tax reserves established in purchase accounting.
+Added: During 2018, income tax benefit primarily consisted of the impact of U.S.
operations, offset by discrete tax benefits, including the release of a valuation allowance against our foreign tax credit carryforwards we now expect to realize as a result of additional analysis of the Tax Cuts and Jobs Act and stock option exercises.
−Removed: During 2017, income tax benefit from continuing operations consisted primarily of the impact of foreign operations, including withholding taxes, offset by a $7.6 million tax benefit as a result of our acquisitions (see Note 2 – Acquisitions of our consolidated financial statements included elsewhere in this report), a $5.9 million tax benefit from revaluing our deferred taxes from 35% to 21% due to the Tax Cuts and Jobs Act, and a $1.6 million benefit from re-characterizing intercompany debt to equity between our U.S.
+Added: During 2017, income tax benefit from continuing operations primarily consisted of the impact of foreign operations, including withholding taxes, offset by a $7.6 million tax benefit as a result of our acquisitions (see Note 2 – Acquisitions of our consolidated financial statements included elsewhere in this report), a $5.9 million tax benefit from revaluing our deferred taxes from 35% to 21% due to the Tax Cuts and Jobs Act, and a $1.6 million benefit from re-characterizing intercompany debt to equity between our U.S.
and Singapore entities related to the reversal of previously accrued withholding taxes.
−Removed: During 2016 and 2015, income tax benefit from continuing operations consisted primarily of the impact of foreign operations, including withholding taxes, offset by a tax benefit in 2016 as a result of our acquisition (see Note 2 – Acquisitions of our consolidated financial statements included elsewhere in this report).
+Added: During 2016, income tax benefit from continuing operations primarily consisted of the impact of foreign operations, including withholding taxes, offset by a tax benefit in 2016 as a result of our acquisition (see Note 2 – Acquisitions of our consolidated financial statements included elsewhere in this report).
In January 2016, we made the decision to shut down our Kingston, New York facility as this location consumed a significant amount of resources while contributing very little income.
1 unchanged sentence
The discontinued operation was deemed to be fully disposed of at December 29, 2017.
−Removed: Diluted earnings per share from continuing operations, attributable to ordinary shareholders, was presented in conformity with the two-class method during 2016 and 2015, as we had two classes of stock until our December 2016 IPO.
+Added: Diluted earnings per share from continuing operations, attributable to ordinary shareholders, was presented in conformity with the two-class method during 2016, as we had two classes of stock until our December 2016 IPO.
We considered our convertible preferred shares to be a participating security as the convertible preferred shares participated in dividends with ordinary shareholders, when and if declared by our Board of Directors.
4 unchanged sentences
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.