1 unchanged sentence
We maintain disclosure controls and procedures that are designed to ensure that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time period specified in SEC rules and forms.
−Removed: These controls and procedures are also designed to ensure that such information is accumulated and communicated to our management, including our Chief Financial Officer (the “CEO”) and the Chief Financial Officer (the “CFO”), as appropriate, to allow timely decisions regarding required disclosure.
−Removed: In designing and evaluating disclosure controls and procedures, we have recognized that any control and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives.
+Added: These controls and procedures are also designed to ensure that such information is accumulated and communicated to our management, including our Chief Executive Officer (the “CEO”) and the Chief Financial Officer (the “CFO”), as appropriate, to allow timely decisions regarding required disclosure.
+Added: In designing and evaluating disclosure controls and procedures, we have recognized that any control and procedure, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives.
Management is required to exercise judgment in evaluating its controls and procedures.
9 unchanged sentences
Because of inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.
−Removed: In accordance with the SEC’s published guidance, because the merger with Nanometrics closed in the fourth quarter of the year ended December 31, 2019, management excluded Nanometrics from its evaluation of disclosure controls and procedures as of March 28, 2020.
−Removed: Legacy Nanometrics constituted 26% of total assets as of March 28, 2020 and 53% of revenue for the three months then ended.
−Removed: As of March 28, 2020, an evaluation of our disclosure controls and procedures was carried out under the supervision and with the participation of our management, including the CEO and CFO.
−Removed: Based on this evaluation, the CEO and CFO have
−Removed: concluded that our disclosure controls and procedures were effective at the reasonable assurance level as of the end of the period covered by this Form 10-Q.
+Added: In accordance with the SEC’s published guidance, because the Merger closed in the fourth quarter of the year ended December 31, 2019, management excluded Nanometrics from its evaluation of disclosure controls and procedures as of June 27, 2020.
+Added: Legacy Nanometrics constituted 27% of total assets as of June 27, 2020 and 54% of revenue for the six months then ended.
+Added: As of June 27, 2020, an evaluation of our disclosure controls and procedures was carried out under the supervision and with the participation of our management, including the CEO and CFO.
+Added: Based on this evaluation, the CEO and CFO have concluded that our disclosure controls and procedures were effective at the reasonable assurance level as of the end of the period covered by this Form 10-Q.
Changes in Internal Control over Financial Reporting
In October 2019, we completed the merger with Nanometrics which operated under its own set of systems and internal controls.
−Removed: During the three months ended March 28, 2020, we continue to integrate Nanometrics into our financial reporting processes and procedures and internal control over financial reporting and we expect the integration to continue throughout the remainder of 2020.
+Added: During the six months ended June 27, 2020, we continue to integrate Nanometrics into our financial reporting processes and procedures and internal control over financial reporting and we expect the integration to continue throughout the remainder of 2020.
In addition, in January 2020, we implemented a new enterprise resource planning (“ERP”) system in our domestic legacy Rudolph business to provide better support for our changing business needs and plans for future growth.
1 unchanged sentence
We will continue to evaluate the design and operating effectiveness of our internal controls during subsequent periods.
−Removed: Other than noted above, there have been no additional changes in the Company’s internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act) that occurred during the Company’s quarter ended March 28, 2020 that have materially affected, or are reasonably likely to materially affect, its internal control over financial reporting.
+Added: Other than noted above, there have been no additional changes in the Company’s internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act) that occurred during the Company’s quarter ended June 27, 2020 that have materially affected, or are reasonably likely to materially affect, its internal control over financial reporting.
We have not experienced any material impact to our internal controls over financial reporting due to the fact that most of our employees responsible for financial reporting are working remotely during the COVID-19 pandemic.
2 unchanged sentences
Legal Proceedings
−Removed: For a description of our material pending legal proceedings refer to Part I, Item 3, “Legal Proceedings” in our 2019 Form 10-K and Note 10 to the audited consolidated financial statements filed therewith, as updated in Note 9 to the accompanying unaudited condensed consolidated financial statements.
+Added: For a description of our material pending legal proceedings refer to Part I, Item 3, “Legal Proceedings” in our 2019 Form 10-K and Note 10, “Commitments and Contingencies,” to the Consolidated Financial Statements filed therewith, as updated in Note 9, “Commitments and Contingencies,” to the accompanying Notes to the Condensed 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.