5 unchanged sentences
A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the control system’s objectives will be met.
−Removed: The design of any system of controls is based in part on certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.
+Added: The design of any system of controls is based in part on certain assumptions about the likelihood of
+Added: future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.
(c) M ANAGEMENT ’ S A NNUAL R EPORT ON I NTERNAL C ONTROL O VER F INANCIAL R EPORTING
3 unchanged sentences
The effectiveness of our internal control over financial reporting as of July 2, 2021 has been audited by KPMG LLP, an independent registered public accounting firm, as stated in its report.
−Removed: The audited consolidated financial statements of the Company include the results of the acquired APC business on and after September 23, 2019, as described in Note C to the Consolidated Financial Statements.
−Removed: Upon consideration of the scope of fiscal 2020, the APC acquisition, and the time constraints under which our management’s assessment would have to be made, management determined that it would not conduct an assessment of APC's internal controls over financial reporting environment as allowable under Section 404 of the Sarbanes-Oxley Act of 2002.
+Added: The audited consolidated financial statements of the Company include the results of the acquired POC business on and after December 30, 2020, and the acquired Pentek business on and after May 27, 2021, as described in Note C to the Consolidated Financial Statements.
+Added: Upon consideration of the scope of fiscal 2021, the POC and Pentek acquisitions, and the time constraints under which our management’s assessment would have to be made, management determined that it would not conduct an assessment of POC's and Pentek's internal controls over financial reporting environment as allowable under Section 404 of the Sarbanes-Oxley Act of 2002.
Accordingly, these operations have been excluded from the management’s assessment of internal controls for fiscal year 2021.
−Removed: However, management is in the process of integrating this entity into the overall internal control over financial reporting environment for fiscal year 2021.
−Removed: The Company’s consolidated financial statements reflect revenues and total assets from the acquired APC business of approximately 3 percent and 7 percent (of which 5 percent represented goodwill and intangible assets included within the scope of the Company’s assessment), respectively, as of and for the year ended July 3, 2020.
+Added: However, management is in the process of integrating these entities into the overall internal control over financial reporting environment for fiscal year 2022.
+Added: The Company’s consolidated financial statements reflect revenues and total assets from the acquired businesses of approximately 9 percent and 22 percent (of which 16 percent represented goodwill and intangible assets included within the scope of the Company’s assessment), respectively, as of and for the year ended July 2, 2021.
(d) C HANGES IN I NTERNAL C ONTROL O VER F INANCIAL R EPORTING
There were no changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the fourth quarter of fiscal 2021 identified in connection with our Chief Executive Officer’s and Chief Financial Officer’s evaluation that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
−Removed: Management is in the process of integrating the APC business into our overall internal control over financial reporting environment.
+Added: Management is in the process of integrating the POC and Pentek business into our overall internal control over financial reporting environment.
OTHER INFORMATION
15 unchanged sentences
Report of Independent Registered Public Accounting Firm
−Removed: Consolidated Balance Sheets as of July 3, 2020 and June 30, 2019
−Removed: Consolidated Statements of Operations and Comprehensive Income for the fiscal years ended July 3, 2020, June 30, 2019, and June 30, 2018
−Removed: Consolidated Statements of Shareholders’ Equity for the fiscal years ended July 3, 2020, June 30, 2019, and June 30, 2018
−Removed: Consolidated Statements of Cash Flows for the years ended July 3, 2020, June 30, 2019, and June 30, 2018
+Added: Consolidated Balance Sheets as of July 2, 2021 and July 3, 2020
+Added: Consolidated Statements of Operations and Comprehensive Income for the fiscal years ended July 2, 2021, July 3, 2020, and June 30, 2019
+Added: Consolidated Statements of Shareholders’ Equity for the fiscal years ended July 2, 2021, July 3, 2020, and June 30, 2019
+Added: Consolidated Statements of Cash Flows for the years ended July 2, 2021, July 3, 2020, and June 30, 2019
Notes to Consolidated Financial Statements
3 unchanged sentences
SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS
−Removed: FOR FISCAL YEARS ENDED JULY 3, 2020, JUNE 30, 2019, and JUNE 30, 2018
+Added: FOR FISCAL YEARS ENDED JULY 2, 2021, JULY 3, 2020, and JUNE 30, 2019
(In thousands)
−Removed: Allowance for Doubtful Accounts
+Added: Allowance for Credit Losses
OF PERIOD ADDITIONS REVERSALS WRITE-
44 unchanged sentences
Form of Stock Certificate (incorporated herein by reference to Exhibit 4.1 of the Company’s Registration Statement on Form S-1/A filed on January 7, 1998)
−Removed: Description of Registrant's Securities
−Removed: 1997 Employee Stock Purchase Plan, as amended and restated (incorporated herein by reference to Appendix B to the Company’s definitive proxy statement filed on October 29, 2015)
+Added: Description of Registrant's Securities (incorporated herein by reference to Exhibit 4.2 of the Company’s annual report on Form 10-K for the fiscal year ended July 3, 2020)
+Added: 1997 Employee Stock Purchase Plan, as amended and restated (incorporated herein by reference to Appendix B to the Company’s definitive proxy statement filed on September 3, 2020)
Form of Indemnification Agreement between the Company and each of its current directors (incorporated herein by reference to Exhibit 10.4 of the Company’s annual report on Form 10-K for the fiscal year ended June 30, 2009)
2005 Stock Incentive Plan, as amended and restated (incorporated herein by reference to Appendix A to the Company’s definitive proxy statement filed on September 20, 2016)
−Removed: Form of Stock Option Agreement under the 2005 Stock Incentive Plan (incorporated herein by reference to Exhibit 10.8.1 of the Company’s annual report on Form 10-K for the fiscal year ended June 30, 2011)
Form of Restricted Stock Award Agreement under the 2005 Stock Incentive Plan (incorporated herein by reference to Exhibit 10.8.2 of the Company’s annual report on Form 10-K for the fiscal year ended June 30, 2011)
Form of Deferred Stock Award Agreement under the 2005 Stock Incentive Plan (incorporated herein by reference to Exhibit 10.8.3 of the Company’s annual report on Form 10-K for the fiscal year ended June 30, 2011)
−Removed: Form of Stock Option Agreement for performance stock options under the 2005 Stock Incentive Plan (incorporated herein by reference to Exhibit 10.1 of the Company’s current report on Form 8-K filed on September 28, 2007)
Form of Amended and Restated Performance-Based Restricted Stock Award Agreement under the 2005 Stock Incentive Plan (incorporated herein by reference to Exhibit 10.1 of the Company's quarterly report on Form 10-Q for the quarter ended September 30, 2014)
−Removed: 2018 Stock Incentive Plan, as amended and restated (incorporated herein by reference to Exhibit 10.1 to the Company’s current report on Form 8-K filed on January 24, 2019)
+Added: 2018 Stock Incentive Plan, as amended and restated
Form of Stock Option Agreement under the 2018 Stock Incentive Plan (incorporated herein by reference to Exhibit 10.1 of the Company’s quarterly report on Form 10-Q for the quarter ended March 31, 2019)
18 unchanged sentences
3 to Credit Agreement, dated September 28, 2018, among the Company, the Guarantors party thereto, the Lenders party thereto and Bank of America, N.A., as Administrative Agent (incorporated herein by reference to Exhibit 10.1 of the Company’s current report on Form 8-K filed on October 1, 2018)
−Removed: Agreement and Plan of Merger by and among the Company, Thunderbird Merger Sub, Inc., Ceres Systems and the Shareholder Representatives Named Herein Dated as of December 21, 2017 (incorporated herein by reference to Exhibit 10.1 of the Company’s current report on Form 8-K filed on February 1, 2018)
Letter Agreement, dated August 7, 2014, as amended to date, between Michael D.
21 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.