12 unchanged sentences
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: We presently have no publicly announced repurchase plan or program.
+Added: Common stock repurchases during the quarter ended December 31, 2021 were as follows (in thousands, except per share amounts):
+Added: Period Total Number of Shares Purchased Average Price per Share Total number of shares purchased as part of a Publicly Announced Program Maximum Approximate Dollar Value that May Yet be Purchased Under the Program
+Added: October 1 - October 31, 2021
+Added: Employee transactions (1)
+Added: November 1 - November 30, 2021
+Added: Employee transactions (1)
+Added: 288 $ 22.47 — $ —
+Added: December 1 - December 31, 2021
+Added: Repurchase program (2)
+Added: 349 $ 17.20 349 $ 43,993
+Added: Employee transactions (1)
+Added: 1 $ 17.13 — $ —
(1) Upon vesting of most restricted stock units or stock awards, we are required to deposit minimum statutory employee withholding taxes on behalf of the holders of the vested awards.
1 unchanged sentence
Withholding of shares in this manner is accounted for as a repurchase of common stock.
−Removed: There were no repurchases during the quarter ended December 31, 2020.
+Added: (2) Our Board of Directors approved a share repurchase program (the "Program") under which the Company is authorized to purchase up to $50.0 million of its common stock over the twelve month period commencing December 10, 2021.
+Added: Shares repurchased under the Program in the quarter ended December 31, 2021 have been accounted for as treasury stock in the consolidated balance sheets.
+Added: The average price paid per share purchased under the Program including broker commission costs.
Stock Performance Graph
2 unchanged sentences
As previously discussed, we have not paid any cash dividends and, therefore, the cumulative total return calculation for us is based solely upon stock price appreciation (depreciation) and not reinvestment of cash dividends, whereas the data for the comparative indexes assumes reinvestments of dividends.
−Removed: The graph assumes our closing sales price on December 31, 2015 of $16.45 per share as the initial value of our common stock.
The returns shown are based on historical results and are not necessarily indicative of, nor intended to forecast, future stock price performance.
COMPARISON OF CUMULATIVE TOTAL RETURN
−Removed: Selected Financial Data
−Removed: The following selected consolidated financial data should be read in conjunction with Item 7 "Management's Discussion and Analysis of Financial Condition and Results of Operations" and our consolidated financial statements and the related notes appearing in Item 8 "Financial Statements and Supplementary Data" of this Annual Report on Form 10-K.
−Removed: The following table sets forth our selected consolidated historical financial and operating data for the periods indicated.
−Removed: The consolidated statements of operations data for the years ended December 31, 2020, 2019, and 2018 and the consolidated balance sheet data as of December 31, 2020 and 2019 have been derived from our audited consolidated financial statements included elsewhere in this Annual Report on Form 10-K.
−Removed: December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016
−Removed: (in thousands, except per share data)
−Removed: Revenue $ 221,628 $ 156,414 $ 124,685 $ 155,545 $ 278,221
−Removed: Cost of revenue 77,747 57,391 60,003 56,836 73,247
−Removed: Sales and marketing 76,030 44,565 44,556 51,794 83,328
−Removed: Technology and development 51,546 40,250 37,863 47,500 51,184
−Removed: General and administrative 52,987 39,750 42,431 55,596 68,570
−Removed: Restructuring and other exit costs 17,552 2,041 3,440 5,959 3,316
−Removed: Impairment of intangible assets — — — 4,585 23,473
−Removed: Impairment of goodwill — — — 90,251 —
−Removed: Total expenses 275,862 183,997 188,293 312,521 303,118
−Removed: Loss from operations (54,234) (27,583) (63,608) (156,976) (24,897)
−Removed: Other (income) expense:
−Removed: (1,495) (593) (2,143) (431) (1,984)
−Removed: Loss before income taxes (52,739) (26,990) (61,465) (156,545) (22,913)
−Removed: Provision (benefit) for income taxes 693 (1,512) 357 (1,762) (4,860)
−Removed: Net income (loss) (53,432) (25,478) (61,822) (154,783) (18,053)
−Removed: Net income (loss) per share attributable to common stockholders (1) :
−Removed: Basic $ (0.55) $ (0.48) $ (1.23) $ (3.17) $ (0.39)
−Removed: Diluted $ (0.55) $ (0.48) $ (1.23) $ (3.17) $ (0.39)
−Removed: Weighted-average shares used to compute net income (loss) per share attributable to common stockholders (1) :
−Removed: Basic 96,700 52,614 50,259 48,869 46,655
−Removed: Diluted 96,700 52,614 50,259 48,869 46,655
−Removed: (1) See Note 3 to our consolidated financial statements for a description of the method used to compute basic and diluted net income (loss) per share attributable to common stockholders.
−Removed: Consolidated Balance Sheet Data
−Removed: At December 31
−Removed: 2020 2019 2018 2017 2016
−Removed: (in thousands)
−Removed: Cash and cash equivalents $ 117,676 $ 88,888 $ 80,452 $ 76,642 $ 149,423
−Removed: Marketable securities, current and non-current $ — $ — $ 7,524 $ 54,999 $ 40,550
−Removed: Accounts receivable, net $ 471,666 $ 217,571 $ 205,683 $ 165,890 $ 192,064
−Removed: Property, equipment and internal use software development costs, net $ 39,841 $ 39,720 $ 48,057 $ 60,127 $ 52,768
−Removed: Total assets $ 938,960 $ 395,120 $ 360,012 $ 383,635 $ 519,775
−Removed: Total long-term liabilities $ 35,149 $ 15,685 $ 1,017 $ 1,780 $ 1,825
−Removed: Total liabilities $ 557,347 $ 283,184 $ 241,999 $ 219,024 $ 220,262
−Removed: Common stockholders' equity (deficit) $ 381,613 $ 111,936 $ 118,013 $ 164,611 $ 299,513
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.