1 unchanged sentence
Market Information and Holders
−Removed: Our common stock is traded on the New York Stock Exchange, or the NYSE, under the symbol MXL.
−Removed: According to our transfer agent, as of February 4, 2021, there were 71 record holders of our common stock.
+Added: Our common stock is traded on the NASDAQ Stock Market LLC, or the NASDAQ, under the symbol MXL.
+Added: According to our transfer agent, as of January 26, 2022, there were 61 record holders of our common stock.
We believe we have approximately 27,000 beneficial holders of our common stock.
8 unchanged sentences
The graph assumes an investment of $100 on December 31, 2016, and the reinvestment of any dividends.
+Added: We selected the NYSE Composite Index because our common stock was listed on The New York Stock Exchange from December 31, 2016 until December 10, 2021, at which time it became listed on the NASDAQ.
The comparisons in the graph below are required by the Securities and Exchange Commission and are not intended to forecast or be indicative of possible future performance of our common stock.
1 unchanged sentence
Recent Repurchases of Equity Securities
−Removed: SELECTED FINANCIAL DATA
−Removed: We have derived the selected consolidated statement of operations data for the years ended December 31, 2020, 2019 and 2018 and selected consolidated balance sheet data as of December 31, 2020 and 2019 from our consolidated financial statements and related notes included elsewhere in this report.
−Removed: We have derived the consolidated statement of operations data for the years ended December 31, 2017 and 2016 and the consolidated balance sheet data as of December 31, 2018, 2017 and 2016 from our consolidated financial statements not included in this report.
−Removed: Our historical results are not necessarily indicative of the results to be expected for any future period.
−Removed: As described in Note 1 to our consolidated financial statements included herein, as a result of the adoption of ASC 606 as of January 1, 2018 using the modified retrospective method, amounts for years prior to 2018 have not been adjusted to reflect the change to recognize certain distributor sales upon sale to the distributor, or the sell-in method, from recognition upon the Company’s sale to the distributors’ end customers, or the sell-through method, which required the deferral of revenue and profit on such distributor sales.
−Removed: Also, due to the adoption of ASC 842 on January 1, 2019 with a cumulative effect adjustment to accumulated deficit, amounts for periods prior to 2019 in the consolidated balance sheets have not been adjusted to reflect certain lease-related assets and liabilities.
−Removed: The following selected consolidated financial data should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and related notes included elsewhere in this report.
−Removed: Years Ended December 31,
−Removed: 2020 2019 2018 2017 2016
−Removed: (in thousands, except per share amounts)
−Removed: Consolidated Statement of Operations Data:
−Removed: Net revenue $ 478,596 $ 317,180 $ 384,997 $ 420,318 $ 387,832
−Removed: Cost of net revenue 265,798 149,495 176,223 212,355 157,842
−Removed: Gross profit 212,798 167,685 208,774 207,963 229,990
−Removed: Operating expenses:
−Removed: Research and development 179,993 98,344 120,046 112,279 97,745
−Removed: Selling, general and administrative 130,025 88,762 101,789 105,831 64,454
−Removed: Impairment losses 86 — 2,198 2,000 1,300
−Removed: Restructuring charges 3,833 2,636 3,838 9,524 3,432
−Removed: Total operating expenses 313,937 189,742 227,871 229,634 166,931
−Removed: Income (loss) from operations (101,139) (22,057) (19,097) (21,671) 63,059
−Removed: Interest income 409 775 78 274 572
−Removed: Interest expense (12,952) (11,133) (14,255) (10,378) (104)
−Removed: Other income (expense), net (1,170) (69) 422 (2,223) 163
−Removed: Total interest and other income (expense), net (13,713) (10,427) (13,755) (12,327) 631
−Removed: Income (loss) before income taxes (114,852) (32,484) (32,852) (33,998) 63,690
−Removed: Income tax provision (benefit) (16,259) (12,586) (6,653) (24,811) 2,398
−Removed: Net income (loss) $ (98,593) $ (19,898) $ (26,199) $ (9,187) $ 61,292
−Removed: Net income (loss) per share:
−Removed: Basic $ (1.35) $ (0.28) $ (0.38) $ (0.14) $ 0.96
−Removed: Diluted $ (1.35) $ (0.28) $ (0.38) $ (0.14) $ 0.91
−Removed: Shares used to compute net income (loss) per share:
−Removed: Basic 73,133 71,005 68,490 66,252 63,781
−Removed: Diluted 73,133 71,005 68,490 66,252 67,653
−Removed: As of December 31,
+Added: Period Total Number of Shares Repurchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Program (1)
+Added: Maximum Dollar Value of Shares that May Yet Be Purchased Under the Program (1)
+Added: February 23, 2021 through February 28, 2021 — $ — — $ 100,000,000
+Added: March 1, 2021 through March 31, 2021 75,000 $ 35.62 75,000 $ 97,328,822
+Added: April 1, 2021 through April 30, 2021 27,000 $ 37.66 27,000 $ 96,311,889
+Added: May 1, 2021 through May 31, 2021 50,900 $ 35.48 50,900 $ 94,506,043
+Added: June 1, 2021 through June 30, 2021 42,000 $ 39.01 42,000 $ 92,867,547
+Added: July 1, 2021 through July 31, 2021 24,200 $ 41.67 24,200 $ 91,859,022
+Added: August 1, 2021 through August 31, 2021 — $ — — $ 91,859,022
+Added: September 1, 2021 through September 30, 2021 — $ — — $ 91,859,022
+Added: October 1, 2021 through October 31, 2021 58,500 $ 52.49 58,500 $ 88,788,577
+Added: November 1, 2021 through November 30, 2021 93,624 $ 68.38 93,624 $ 82,386,841
+Added: December 1, 2021 through December 31, 2021 83,148 $ 71.24 83,148 $ 76,463,616
+Added: Total 454,372 454,372
______________________
−Removed: (in thousands)
−Removed: Consolidated Balance Sheet Data:
−Removed: Cash, cash equivalents, restricted cash, and short- and long-term investments, available-for-sale $ 150,034 $ 93,117 $ 74,191 $ 74,412 $ 136,805
−Removed: Working capital 128,057 115,208 110,044 124,918 158,304
−Removed: Total assets 1,022,442 705,791 743,593 824,862 422,652
−Removed: Total stockholders’ equity 391,117 414,920 399,936 387,424 352,424
+Added: (1) On February 24, 2021, the Company publicly announced that its board of directors authorized a plan to repurchase up to $100 million of the Company’s common stock over a period ending February 16, 2024.
+Added: The amount and timing of repurchases are subject to a variety of factors including liquidity, share price, market conditions, and legal requirements.
+Added: Any purchases will be funded from available working capital and may be effected through open market purchases, block transactions, and privately negotiated transactions.
+Added: The share repurchase program does not obligate the Company to make any repurchases and may be modified, suspended, or terminated by the Company at any time without prior notice.
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.