3 unchanged sentences
We have not paid any dividends, and we do not anticipate paying any cash dividends in the foreseeable future.
−Removed: All decisions regarding the declaration and payment of dividends and stock repurchases are at the discretion of our Board of Directors and will be evaluated regularly in light of our financial condition, earnings, growth prospects, funding requirements, applicable law, and any other factors that our Board deems relevant.
−Removed: The information required by this item with respect to equity compensation plans will be included under the caption Equity Compensation Plans in our proxy statement for the 2020 annual meeting of stockholders, to be filed with the Securities and Exchange Commission pursuant to Regulation 14A, and is incorporated herein by reference.
+Added: All decisions regarding the declaration and payment of dividends and stock repurchases are at the discretion of our board of directors and will be evaluated regularly in light of our financial condition, earnings, growth prospects, funding requirements, applicable law, and any other factors that our board of directors deems relevant.
+Added: The information required by this item with respect to equity compensation plans will be included under the caption Equity Compensation Plans in our proxy statement to be filed with the Securities and Exchange Commission pursuant to Regulation 14A, and is incorporated herein by reference.
ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: The table below summarizes information about the company’s purchases, based on trade date;
−Removed: of its equity securities registered pursuant to Section 12 of the Exchange Act during the quarterly period ended October 31, 2019.
−Removed: The total number of shares of common stock purchased by the company during the fiscal year ended October 31, 2019 is 2,093,570 shares.
+Added: The table below summarizes information about the company’s purchases, based on trade date, of its equity securities registered pursuant to Section 12 of the Exchange Act during the fiscal quarter ended October 31, 2020.
+Added: The total number of shares of common stock purchased by the company during the fiscal year ended October 31, 2020 is 4,274,366 shares, nearly exhausting our $500 million share repurchase authorization from May 2019.
Total Number of Shares of Common Stock Purchased (1)
5 unchanged sentences
October 1, 2020 through October 31, 2020
−Removed: On May 29, 2019, the Board of Directors approved a new stock repurchase program authorizing the purchase of up to $500 million of the company’s common stock, replacing a previously approved 2018 program authorizing the purchase of up to $350 million of the company’s common stock, of which $160 million remained.
−Removed: Under the new program, shares may be purchased from time to time, subject to general business and market conditions and other investment opportunities, through open market purchases, privately negotiated transactions or other means.
+Added: On May 29, 2019, our board of directors approved a stock repurchase program authorizing the purchase of up to $500 million of the company’s common stock, replacing a previously approved 2018 program authorizing the purchase of up to $350 million of the company’s common stock.
+Added: On November 18, 2020, our board of directors approved a new stock repurchase program authorizing the purchase of up to $750 million of the company’s common stock.
+Added: Under our stock repurchase program, shares may be purchased from time to time, subject to general business and market conditions and other investment opportunities, through open market purchases, privately negotiated transactions or other means.
All such shares and related costs are held as treasury stock and accounted for at trade date using the cost method.
1 unchanged sentence
Selected Financial Data (Unaudited)
−Removed: The following table presents the selected consolidated financial data, which should be read in conjunction with our consolidated financial statements and related notes and Management's Discussion and Analysis of Financial Condition and Results of Operations included elsewhere in this Form 10-K.
−Removed: We derived the selected financial data as of October 31, 2019 and for each of the fiscal years in the three-year period ended October 31, 2019 from our audited consolidated financial statements included elsewhere in this Form 10-K.
−Removed: We derived the selected financial data as of October 31, 2016 and October 31, 2015 from audited consolidated financial statements that are not included in this Form 10-K.
−Removed: Years Ended October 31,
+Added: The following table presents the selected consolidated financial data and should be read in conjunction with our consolidated financial statements and related notes and Management's Discussion and Analysis of Financial Condition and Results of Operations included elsewhere in this Annual Report on Form 10-K.
+Added: We derived the selected financial data as of October 31, 2020 and for each of the fiscal years in the three-year period ended October 31, 2020 from our audited consolidated financial statements included elsewhere in this Annual Report on Form 10-K.
+Added: We derived the selected financial data as of October 31, 2018, 2017 and 2016 from audited consolidated financial statements that are not included in this Annual Report on Form 10-K.
+Added: Year Ended October 31,
(in millions, except per share data)
3 unchanged sentences
Weighted average shares used in computing net income per share:
−Removed: (a) Fiscal years 2019, 2018 and 2017 financial data includes our acquisition of Ixia on April 18, 2017.
(in millions)
4 unchanged sentences
Stockholders' equity
−Removed: (a) Fiscal years 2019, 2018 and 2017 financial data reflect the impact of our acquisition of Ixia on April 18, 2017.
+Added: (a) We adopted the Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers (“ASC 606”) on November 1, 2018 using the modified retrospective method with the cumulative effect of initially applying the guidance recognized at the date of adoption.
+Added: (b) We adopted the ASC Topic 842, Leases (“ASC 842”) on November 1, 2019, using the modified retrospective transition approach with the cumulative effect of initially applying the standard recognized at the date of adoption.
+Added: The standard requires substantially all leases to be reported on the balance sheet as right-of-use assets and lease obligations.
+Added: See Note 2, "New Accounting Pronouncements."
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.