3 unchanged sentences
Prior to that time, there was no public market for our common stock.
−Removed: On September 10, 2020, the last reported sale price on the NASDAQ Global Market of our common stock was $17.91 per share.
−Removed: As of September 4, 2020, we had approximately 6,700 holders of record of our common stock.
−Removed: Capital Allocation Policy
−Removed: We presently intend to retain our earnings, if any, to finance the development and growth of our business and operations and do not anticipate declaring or paying cash dividends on our common stock, or repurchasing stock, in the foreseeable future.
−Removed: Any future determination as to the declaration and payment of dividends, or the repurchase of stock, if any, will be at the discretion of our board of directors and will depend on then-existing conditions, including our operating results, financial condition, contractual restrictions, capital requirements, business prospects, and other factors our board of directors may deem relevant.
+Added: As of August 30, 2021, we had approximately 7,500 holders of record of our common stock.
+Added: We presently do not anticipate declaring or paying cash dividends on our common stock in the foreseeable future.
+Added: Any future determination as to the declaration and payment of dividends, will be at the discretion of our board of directors and will depend on then-existing conditions, including our operating results, financial condition, contractual restrictions, capital requirements, business prospects, and other factors our board of directors may deem relevant.
See Item 1A “Risk Factors — Risks Relating to Ownership of Our Common Stock.”
+Added: Stock Repurchase Plan
+Added: On June 24, 2021, the board of directors authorized a stock repurchase plan that allows for the repurchase of up to $50.0 million of our common stock during the three-year period ending June 24, 2024.
+Added: The timing and amount of any stock repurchases will be determined by management at its discretion based on ongoing assessments of the capital needs of the business, the market price of our common stock and general market conditions.
+Added: Stock repurchases under the program may be made through a variety of methods, which may include open market purchases, accelerated share repurchases, tender offers, privately negotiated transactions or otherwise The repurchase plan may be reviewed, modified, suspended or terminated by our board of directors at any time as it deems necessary in its sole discretion.
+Added: We did not repurchase any common stock during fiscal 2021.
Stock Performance Graph
This performance graph shall not be deemed “soliciting material” or to be “filed” with the SEC for purposes of Section 18 of the Exchange Act of 1934, or otherwise subject to the liabilities under that section, and shall not be deemed to be incorporated by reference into any filing of ours under the Securities Act or the Exchange Act.
−Removed: The following stock performance graph illustrates the cumulative total shareholder return on our common stock for the period from July 17, 2015 (the first day of trading for our common stock) to June 30, 2020, as compared to the Russell 2000 Index and the Dow Jones US Recreational Products Index.
−Removed: The comparison assumes (i) a hypothetical investment of $100 in our common stock and the two above mentioned indices on July 17, 2015 and (ii) the full reinvestme nt of all dividends.
+Added: The following stock performance graph illustrates the cumulative total shareholder return on our common stock for the period from June 30, 2016 to June 30, 2021, as compared to the Russell 2000 Index and the Dow Jones US Recreational Products Index.
+Added: The comparison assumes (i) a hypothetical investment of $100 in our common stock and the two above mentioned indices on June 30, 2016 and (ii) the full reinvestment of all dividends.
The comparisons in the graph are not intended to be indicative of possible future performance of our common stock.
22 unchanged sentences
Interest expense
−Removed: Change in common stock warrant fair value
+Added: Loss on extinguishment of debt
INCOME (LOSS) BEFORE INCOME TAX EXPENSE
3 unchanged sentences
Net income (loss) per common share:
−Removed: Cash dividends declared per common share
Consolidated balance sheet data:
2 unchanged sentences
Long-term debt
−Removed: Total stockholders’ equity (deficit)
+Added: Total stockholders’ equity
Additional financial and other data (unaudited):
7 unchanged sentences
Consolidated net sales per unit
+Added: Net income margin
Adjusted EBITDA (3)
4 unchanged sentences
See Note 6 in Notes to Consolidated Financial Statements.
−Removed: During fiscal 2019 and 2018, the Company acquired Crest and NauticStar, respectively, as described in Note 3 in Notes to Consolidated Financial Statements.
+Added: During fiscal 2019 the Company acquired Crest, as described in Note 3 in Notes to Consolidated Financial Statements.
+Added: During fiscal 2018, the Company acquired NauticStar.
Adjusted EBITDA, Adjusted Net Income and Adjusted EBITDA margin are non-GAAP financial measures.
−Removed: For definitions of our non-GAAP measures and a reconciliation of each to net income, see Item 7 Management’s Discussion and Analysis of Financial Condition and Results of Operations.
+Added: For definitions of our non-GAAP measures and a reconciliation of each to net income (loss) for the years ended June 30, 2021, 2020 and 2019, see Item 7 Management’s Discussion and Analysis of Financial Condition and Results of Operations.
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.