6 unchanged sentences
This performance graph shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any filing of NetScout under the Exchange Act or the Securities Act of 1933, as amended.
−Removed: The Stock Performance Graph set forth below compares the yearly change in the cumulative total stockholder return on our common stock during the five-year period from March 31, 2017 through March 31, 2022 with the cumulative total return of the Nasdaq Composite Index and the Nasdaq Computer & Data Processing Index.
−Removed: The comparison assumes $100 was invested on March 31, 2017 in our common stock or in the Nasdaq Composite Index and the Nasdaq Computer & Data Processing Index and assumes reinvestment of dividends, if any.
+Added: The Stock Performance Graph set forth below compares the yearly change in the cumulative total stockholder return on our common stock during the five-year period from March 31, 2018 through March 31, 2023 with the cumulative total return of the Nasdaq Composite Index and the Nasdaq U.S.
+Added: Benchmark Computer Services TR Index.
+Added: The Nasdaq U.S.
+Added: Benchmark Computer Services TR Index replaces the Nasdaq Computer and Data Processing Index in this analysis and going forward, as the Nasdaq Computer and Data Processing Index data is no longer available.
+Added: The Nasdaq Computer and Data Processing Index has been included with data through March 31, 2022.
+Added: The comparison assumes $100 was invested on March 31, 2018 in our common stock or in the Nasdaq Composite Index, the Nasdaq U.S.
+Added: Benchmark Computer Services TR Index, or the Nasdaq Computer and Data Processing Index, as applicable, and assumes reinvestment of dividends, if any.
The stock price performance shown on the graph below is not necessarily indicative of future price performance.
−Removed: Information used in the graph was obtained from Research Data Group, Inc.
+Added: Information used in the graph was obtained from Zacks Investment Research, Inc.
COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN
4 unchanged sentences
Nasdaq Composite – Total Returns $ 100.00 $ 110.63 $ 111.40 $ 193.16 $ 208.72 $ 181.00
−Removed: Nasdaq Computer and Data Processing $ 100.00 $ 122.19 $ 134.55 $ 149.46 $ 249.93 $ 263.41
+Added: Nasdaq Computer and Data Processing Index $ 100.00 $ 110.12 $ 122.32 $ 204.54 $ 215.57 N/A
+Added: Nasdaq US Benchmark Computer Services TR Index $ 100.00 $ 105.66 $ 92.83 $ 145.15 $ 149.52 $ 125.68
Dividend Policy
−Removed: In fiscal years 2022 and 2021 , we did not declare any cash dividends and do not anticipate declaring cash dividends in the foreseeable future.
+Added: In fiscal years 2023 and 2022 , we did not declare any cash dividends.
In addition, the terms of our credit facility limit our ability to pay cash dividends on our capital stock.
−Removed: It is our intention to retain all future earnings for reinvestment to fund our expansion and growth, to pay down our debt, and to fund our stock buyback program further described under Item 7 "Liquidity and Capital Resources." Any future cash dividend declaration will be at the discretion of our Board of Directors and will depend upon, among other things, our future earnings, general financial conditions, capital requirements, existing bank covenants and general business conditions.
+Added: It is our intention to retain all future earnings for reinvestment to fund our expansion and growth, to pay down our debt, and to fund our stock buyback program further described under "Liquidity and Capital Resources" in Item 7.
+Added: Any future cash dividend declaration will be at the discretion of our Board of Directors and will depend upon, among other things, our future earnings, general financial conditions, capital requirements, existing bank covenants and general business conditions.
Recent Sales of Unregistered Securities
12 unchanged sentences
Total 6,709 $ 30.76 — 1,209,153
−Removed: (1) We purchased a n aggregate of 14,328 shares transferred to us from employees in satisfaction of tax withholding obligations associated with the vesting of restri cted stock units during the period.
−Removed: Such purchases reflected in the table do not reduce the maximum number of shares that may be purchased under our 25 million share repurchase p rogram authorized on October 24, 2017.
−Removed: Selected Financial Data
−Removed: 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.
+Added: (1) We purchased an aggregate of 6,709 shares transferred to us from employees in satisfaction of tax withholding obligations associated with the vesting of restricted stock units during the period.
+Added: Such purchases reflected in the table do not reduce the maximum number of shares that may be purchased under our 25 million share repurchase program authorized on October 24, 2017 (2017 Share Repurchase Program) currently in effect, or the additional 25 million share repurchase program authorized on May 3, 2022 (2022 Share Repurchase Program).
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.