2 unchanged sentences
Our common stock trades on the Nasdaq Global Select Market, under the symbol NTCT.
−Removed: At May 11, 2020, we had 96 stoc kholders of record.
−Removed: We believe that the number of beneficial holders of our common stock exce eds 14,000 .
+Added: At May 10, 2021, we had 92 stockholders of record.
+Added: We believe that the number of beneficial holders of our common stock exceeds 12,000.
Stock Performance Graph
29 unchanged sentences
Total 17,010 $ 30.48 — 7,089,160
−Removed: (1) We purchased an aggregate of 9,709 shares transferred to us from employees in satisfaction of tax withholding obligations associated with the vesting of restricted stock units during the period.
+Added: (1) We purchased an aggr egate of 17,010 shares transferred to us from employees in satisfaction of tax withholding obligations associated with the vesting of restricted stock units during the period.
Such purchases reflected in the table do not reduce the maximum number of shares that may be purchased under our previously announced stock repurchase program (our previously disclosed 25 million share repurchase program).
Selected Financial Data
−Removed: SELECTED CONSOLIDATED FINANCIAL DATA
−Removed: The selected consolidated financial data set forth below should be read in conjunction with our audited consolidated financial statements and notes thereto and "Management’s Discussion and Analysis of Financial Condition and Results of Operations" included under Item 7 of this Annual Report on Form 10-K.
−Removed: The consolidated statement of operations data for the fiscal years ended March 31, 2020, 2019 and 2018 and the consolidated balance sheet data at March 31, 2020 and 2019 are derived from audited consolidated financial statements included under Item 8 of this Annual Report on Form 10-K.
−Removed: The consolidated statement of operations data for the fiscal years ended March 31, 2017 and 2016 and the consolidated balance sheet data at March 31, 2018, 2017 and 2016 have been derived from audited consolidated financial statements of NetScout that do not appear in this Annual Report on Form 10-K.
−Removed: Certain amounts for the twelve months ended March 31, 2018, 2017 and 2016, respectively, have been reclassified to conform to the current period presentation.
−Removed: These reclassifications had no effect on the reported results of operations.
−Removed: The historical results are not necessarily indicative of the operating results to be expected in the future.
−Removed: Year Ended March 31,
−Removed: 2020 2019 (1) 2018 2017 2016 (2)
−Removed: (In thousands, except per share data)
−Removed: Statement of Operations Data:
−Removed: Product $ 438,341 $ 467,289 $ 520,418 $ 715,404 $ 625,537
−Removed: Service 453,479 442,629 466,369 446,708 329,882
−Removed: Total revenue 891,820 909,918 986,787 1,162,112 955,419
−Removed: Cost of revenue:
−Removed: Product 122,832 140,938 158,628 233,275 235,996
−Removed: Service 119,360 113,189 113,277 112,864 92,453
−Removed: Total cost of revenue 242,192 254,127 271,905 346,139 328,449
−Removed: Gross profit 649,628 655,791 714,882 815,973 626,970
−Removed: Operating expenses:
−Removed: Research and development 188,294 203,588 215,076 232,701 208,630
−Removed: Sales and marketing 276,523 291,870 312,536 328,628 293,335
−Removed: General and administrative 99,994 93,572 109,479 118,438 117,714
−Removed: Amortization of acquired intangible assets 64,505 74,305 76,640 70,141 32,373
−Removed: Restructuring charges 2,674 18,693 5,209 4,001 468
−Removed: Impairment of intangible assets — 35,871 — — —
−Removed: Loss on divestiture of business — 9,472 — — —
−Removed: Total operating expenses 631,990 727,371 718,940 753,909 652,520
−Removed: Income (loss) from operations 17,638 (71,580) (4,058) 62,064 (25,550)
−Removed: Interest and other expense, net (15,714) (21,332) (14,601) (9,879) (6,889)
−Removed: Income (loss) before income tax expense (benefit) 1,924 (92,912) (18,659) 52,185 (32,439)
−Removed: Income tax expense (benefit) 4,678 (19,588) (98,471) 18,894 (4,070)
−Removed: Net income (loss) $ (2,754) $ (73,324) $ 79,812 $ 33,291 $ (28,369)
−Removed: Basic net income (loss) per share $ (0.04) $ (0.93) $ 0.91 $ 0.36 $ (0.35)
−Removed: Diluted net income (loss) per share $ (0.04) $ (0.93) $ 0.90 $ 0.36 $ (0.35)
−Removed: Weighted average common shares outstanding used in computing:
−Removed: Net income (loss) per share—basic 75,162 78,617 87,425 92,226 81,927
−Removed: Net income (loss) per share—diluted 75,162 78,617 88,261 92,920 81,927
−Removed: (1) The fiscal year 2019 amounts and all following years have been impacted by the April 1, 2018 adoption of the new revenue standard.
−Removed: (2) During the fiscal year ended March 31, 2016, NetScout completed the Comms Transaction.
−Removed: The total equity consideration was approximately $2.3 billion based on issuing approximately 62.5 million new shares of NetScout common stock.
−Removed: 2020 (1) 2019 2018 2017 2016 (2)
−Removed: (In thousands)
−Removed: Balance Sheet Data:
−Removed: Cash, cash equivalents and short- and long-term marketable securities $ 389,071 $ 486,988 $ 447,762 $ 464,705 $ 352,075
−Removed: Working capital $ 260,746 $ 421,286 $ 339,108 $ 394,279 $ 283,422
−Removed: Total assets $ 3,120,503 $ 3,269,994 $ 3,368,608 $ 3,601,513 $ 3,592,843
−Removed: Debt $ 450,000 $ 550,000 $ 600,000 $ 300,000 $ 300,000
−Removed: Total stockholders’ equity $ 1,937,919 $ 2,065,433 $ 2,068,782 $ 2,436,250 $ 2,443,382
−Removed: (1) Upon adoption of ASU 2016-02, Leases (Topic 842), at the beginning of the first quarter of fiscal 2020, NetScout began including right-of-use assets in total assets, as the guidance requires an entity to recognize lease liabilities and a right-of-use assets on the balance sheet.
−Removed: (2) During the fiscal year ended March 31, 2016, NetScout completed the Comms Transaction.
−Removed: The total equity consideration was approximately $2.3 billion based on issuing approximately 62.5 million new shares of NetScout common stock.
+Added: Information required by Item 6 of Form 10-K is omitted pursuant to the SEC's adoption of amendments to Regulation S-K effective February 10, 2021.
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.