17 unchanged sentences
Net Share Settlement Plans
−Removed: The following table includes information with respect to net share settlements we made of our common stock during the fiscal year ended June 30, 2019 :
−Removed: Period of Net Share Settlement
−Removed: Total Number of Shares Net Settled (1)
−Removed: Average Price Per Share
+Added: The following table includes information with respect to net share settlements we made of our common stock during the fiscal year ended July 3, 2020:
+Added: Period of Net Share Settlement Total Number of Shares Net Settled(1) Average Price Per Share
July 1, 2019 - September 27, 2019 178 $ 82.50
−Removed: October 1, 2018 - December 31, 2018
−Removed: January 1, 2019 - March 31, 2019
−Removed: April 1, 2019 - June 30, 2019
+Added: September 28, 2019 - December 27, 2019 5 $ 73.26
+Added: December 28, 2019 - March 27, 2020 6 $ 79.54
+Added: March 28, 2020 - July 3, 2020 8 $ 81.54
(1) Represents shares we net settled in connection with the surrender of shares to cover the minimum taxes on vesting of restricted stock.
5 unchanged sentences
The following table summarizes certain historical consolidated financial data, which should be read in conjunction with the consolidated financial statements and related notes included elsewhere in this report (in thousands, except per share data):
−Removed: For the Years Ended June 30,
+Added: 2020 2019 2018 2017 2016
Statement of Operations Data:
+Added: Net revenues $ 796,610 $ 654,744 $ 493,184 $ 408,588 $ 270,154
Income from operations $ 91,062 $ 76,584 $ 46,985 $ 37,403 $ 23,973
Net income $ 85,712 $ 46,775 $ 40,883 $ 24,875 $ 19,742
+Added: Net earnings per share:
+Added: Basic $ 1.57 $ 0.98 $ 0.88 $ 0.59 $ 0.58
+Added: Diluted $ 1.56 $ 0.96 $ 0.86 $ 0.58 $ 0.56
Adjusted EBITDA (1)
+Added: $ 176,242 $ 145,326 $ 114,567 $ 92,576 $ 56,137
Adjusted EPS (1)
−Removed: Net earnings per share:
−Removed: As of June 30,
+Added: $ 2.30 $ 1.84 $ 1.41 $ 1.12 $ 0.94
+Added: As of Fiscal Years
+Added: 2020 2019 2018 2017 2016
Balance Sheet Data:
Working capital $ 508,854 $ 484,140 $ 260,063 $ 173,351 $ 177,748
+Added: Total assets (2)
+Added: $ 1,610,720 $ 1,416,977 $ 1,064,480 $ 815,745 $ 736,496
Long-term obligations (2)
+Added: $ 100,021 $ 34,206 $ 220,909 $ 17,483 $ 195,808
Total shareholders’ equity $ 1,384,784 $ 1,284,739 $ 771,891 $ 725,417 $ 473,044
−Removed: Fiscal year 2015 net income of $10.4 million includes a $4.0 million impact from discontinued operations.
−Removed: Net income from continuing operations for the fiscal year ended June 30, 2015 was $14.4 million.
−Removed: In our periodic communications, we discuss key measures that are not calculated according to U.S.
−Removed: generally accepted accounting principles (“GAAP”), adjusted EBITDA and adjusted EPS.
−Removed: Adjusted EBITDA is defined as net income before other non-operating adjustments, interest income and expense, income taxes, depreciation, amortization of intangible assets, restructuring and other charges, impairment of long-lived assets, acquisition and financing costs, fair value adjustments from purchase accounting, litigation and settlement income and expense, and stock-based and other non-cash compensation expense.
−Removed: We define adjusted income, a non-GAAP financial measure, as net income before amortization of intangible assets, restructuring and other charges, impairment of long-lived assets, acquisition and financing costs, fair value adjustments from purchase accounting, litigation and settlement income and expense, and stock-based and other non-cash compensation expense.
−Removed: The impact to income taxes includes the impact to the effective tax rate, current tax provision and deferred tax provision.
−Removed: Adjusted EPS, a non-GAAP financial measure, expresses adjusted income from continuing operations on a per share basis using weighted average diluted shares outstanding.
−Removed: We use adjusted EBITDA and adjusted EPS as important indicators of the operating performance of our business.
−Removed: We use adjusted EBITDA and adjusted EPS in internal forecasts and models when establishing internal operating budgets, supplementing the financial results and forecasts reported to our board of directors, determining the portion of bonus compensation for executive officers and other key employees based on operating performance, evaluating short-term and long-term operating trends in our operations and allocating resources to various initiatives and operational requirements.
−Removed: We believe that adjusted EBITDA and adjusted EPS permit a comparative assessment of our operating performance, relative to our performance based on our GAAP results, while isolating the effects of charges that may vary from period to period without any correlation to underlying operating performance.
−Removed: We believe that these non-GAAP financial adjustments are useful to investors because it allows investors to evaluate the effectiveness of the methodology and information used by management in our financial and operational decision-making.
−Removed: We believe that trends in our adjusted EBITDA and adjusted EPS are valuable indicators of our operating performance.
−Removed: Adjusted EBITDA and adjusted EPS are non-GAAP financial measures and should not be considered in isolation or as a substitute for financial information provided in accordance with GAAP.
−Removed: These non-GAAP financial measures may not be computed in the same manner as similarly titled measures used by other companies.
−Removed: We expect to continue to incur expenses similar to the adjusted EBITDA and adjusted EPS financial adjustments described above, and investors should not infer from our presentation of this non-GAAP financial measure that these costs are unusual, infrequent or non-recurring.
−Removed: See the Non-GAAP Financial Measures section of this annual report for a reconciliation of our adjusted EBITDA to net income and reconciliation of net income and diluted EPS, to adjusted income and adjusted EPS.
−Removed: As of July 1, 2018, the Company has revised its definition of adjusted EBITDA to incorporate other non-operating adjustments, net, which includes gains or losses on foreign currency remeasurement and fixed assets sales and disposals among other adjustments.
−Removed: Adjusted EBITDA for prior periods has been recast for comparative purposes.
+Added: (1) Adjusted EBITDA and adjusted EPS are key measures that are not calculated according to U.S.
+Added: generally accepted accounting principles (“GAAP”).
+Added: Refer to “Non-GAAP Financial Measures” in Management's Discussion and Analysis of Financial Condition and Results of Operations for our definition of these measures, including reconciliations to our most directly comparable GAAP financial measures.
+Added: (2) Effective July 1, 2019, the Company has adopted ASC 842 using the optional transition method and, as a result, there have been no reclassifications of prior comparable periods due to this adoption.
+Added: As of July 3, 2020, the Company has Right-of-use assets of $ 60,613 and total Lease liabilities of $ 73,931 , of which $ 66,981 is included in Long-term obligations.
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.