2 unchanged sentences
Our common stock is quoted on the NASDAQ Global Select Market under the symbol “PEGA.”
−Removed: As of February 3, 2020 , we had approximately 36 stockholders of record.
+Added: As of February 5, 2021, we had 48 stockholders of record.
During 2020, 2019, and 2018, we paid quarterly cash dividends of $0.03 per share of common stock.
−Removed: It is our intention to pay a quarterly cash dividend of $0.03 per share;
−Removed: however, the Board of Directors may terminate or modify this dividend program at any time without prior notice.
+Added: We currently expect to pay a quarterly cash dividend of $0.03 per share, however, the Board of Directors may terminate or modify this dividend program at any time without prior notice.
Issuer purchases of equity securities (1)
Common stock repurchased in the three months ended December 31, 2020:
−Removed: (in thousands, except per share amounts)
+Added: (in thousands, except per share amounts) Total Number
Purchased (2)
Average Price
−Removed: Share (1) (2)
of Shares Purchased as Part of Publicly Announced Share Repurchase Program
5 unchanged sentences
December 1, 2020 - December 31, 2020 138 $ 128.76 25 $ 37,726
−Removed: (1) Shares withheld to cover the option exercise price and tax withholding obligations under the net settlement provisions of our stock compensation awards have been included in these amounts.
+Added: Total 280 $ 126.54
(1) See "Stock repurchase program" in Item 7 of this Annual Report for additional information.
+Added: (2) Shares withheld to cover the option exercise price and tax withholding obligations under the net settlement provisions of our stock compensation awards have been included in these amounts.
Stock performance graph and cumulative total stockholder return (1)
The following performance graph represents a comparison of the cumulative total stockholder return, assuming the reinvestment of dividends, for a $100 investment on December 31, 2015 in our common stock, the Total Return Index for the NASDAQ Composite, a broad market index, and the Standard & Poor’s (“S&P”) North American Technology Sector - Software Index™ (“S&P NA Tech Software”), a published industry index.
+Added: 2015 2016 2017 2018 2019 2020
Pegasystems Inc.
+Added: $ 100.00 $ 131.46 $ 172.58 $ 175.44 $ 292.66 $ 490.22
NASDAQ Composite $ 100.00 $ 108.87 $ 141.13 $ 137.12 $ 187.44 $ 271.64
S&P NA Tech Software $ 100.00 $ 106.20 $ 151.66 $ 170.83 $ 229.93 $ 349.26
−Removed: (1) The lines of the graph merely connect measurement dates and do not reflect fluctuations between those dates.
−Removed: (2) We paid total dividends of $0.12 per share during 2019 , 2018 , 2017 , 2016 , and 2015 and $0.09 per share in 2014.
−Removed: The dividends paid per share have been adjusted for the two-for-one common stock split effected in the form of a common stock dividend on April 1, 2014.
+Added: (1) The graph lines merely connect measurement dates and do not reflect fluctuations between those dates.
SELECTED FINANCIAL DATA
−Removed: The selected financial data presented below has been derived from our audited consolidated financial statements.
−Removed: This data should be read in conjunction with “ Item 7.
−Removed: Management’s Discussion and Analysis of Financial Condition and Results of Operations ” and “ Item 8.
−Removed: Financial Statements and Supplementary Data ” of this Annual Report.
−Removed: (in thousands, except per share amounts)
−Removed: Consolidated Statements of Operations Data (1) (2) :
−Removed: Perpetual license
−Removed: Total revenue
−Removed: (Loss) income from operations
−Removed: Net (loss) income
−Removed: (Loss) earnings per share
−Removed: Cash dividends declared per common share
−Removed: (in thousands)
−Removed: Consolidated Balance Sheet Data (2) (3) :
−Removed: Total cash, cash equivalents, and marketable securities
−Removed: Total stockholders’ equity
−Removed: (1) We elected to early adopt Accounting Standards Update (“ASU”) 2016-09 “Compensation - Stock Compensation (Topic 718):
−Removed: Improvements to Employee Share-Based Payment Accounting” (“ASU 2016-09”) in 2016, which requires us, among other things, to prospectively record excess tax benefits as a reduction of the provision for income taxes in the consolidated statement of operations, whereas they were previously recognized in equity.
−Removed: (2) We retrospectively adopted ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)” in 2018.
−Removed: As a result, we have adjusted balances for 2017 and 2016.
−Removed: We have not adjusted 2015 for ASU 2014-09.
−Removed: (3) On January 1, 2019,we adopted Accounting Standards Codification 842 “Leases” (“ASC 842”) using the modified retrospective method, reflecting any cumulative effect as an adjustment to equity.
−Removed: Results for reporting periods beginning on or after January 1, 2019 are presented under ASC 842, while prior period amounts were not adjusted and continue to be reported in accordance with the Company’s historical accounting under ASC 840 “Leases.”
+Added: Consistent with the final rules promulgated by the SEC on November 19, 2020 (Release 33-10890 titled “Management’s Discussion and Analysis, Selected Financial Data, and Supplementary Financial Data”), we have elected early adoption of the elimination of Item 301 of Regulation S-K.
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.