3 unchanged sentences
Approximate Number of Security Holders
−Removed: The number of holders of record of NAPCO's Common Stock as of September 10, 2021 was 62 (such number does not include beneficial owners of stock held in nominee name).
+Added: The number of holders of record of NAPCO's Common Stock as of August 26, 2022 was 63 (such number does not include beneficial owners of stock held in nominee name).
Dividend Information
−Removed: NAPCO has declared no cash dividends during the past two years with respect to its Common Stock.
+Added: NAPCO has never declared or paid a cash dividend with respect to its Common Stock.
Equity Compensation Plan Information as of June 30, 2022
21 unchanged sentences
Statement of earnings data:
−Removed: Gross Profit (3)
−Removed: Income from Operations
+Added: Operating Income
Cash Flow Data:
12 unchanged sentences
(2) Working capital is calculated by deducting Current Liabilities from Current Assets.
−Removed: (3) Prior period balances have been reclassified to conform to the current period presentation.
−Removed: (4) Accounting Standards Update (“ASU”) No.
−Removed: 2014-09, Revenue from Contracts with Customers (Topic 606) was adopted on July 1, 2018, which resulted in an increase in sales allowance reserves (i.e.
−Removed: refund liabilities) by a net of $1,627,000 and increase in other assets (i.e.
−Removed: return related assets) by a net of $716,000.
−Removed: See Footnote 2 to the consolidated financial statements.
−Removed: 2016-02, Leases (Topic 842) (ASU 2016-02) was adopted on July 1, 2019.
−Removed: Adoption of the new standard resulted in the recording of an operating ROU asset and lease liabilities of approximately $7.7 million.
−Removed: See Footnote 13 to the consolidated financial statements.
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.