4 unchanged sentences
Issuer Purchases of Equity Securities
−Removed: Over the years our board of directors has authorized the use of funds to repurchase shares of our common stock, including $80.0 million in October 2018, with repurchases to be executed according to pre-defined price/volume guidelines.
−Removed: We did not repurchase any shares of our common stock in the fourth quarter of 2020.
−Removed: As of December 31, 2020, we had $41.3 million available for future stock repurchases in our repurchase program, which has no expiration date.
+Added: Over the years our board of directors has authorized the use of funds to repurchase shares of our common stock.
+Added: In October 2018, our board of directors authorized the use of $80.0 million for the repurchase of our common stock, and in each of April 2021 and October 2021, our board of directors authorized the use of an additional $50.0 million for the repurchase of our common stock, with repurchases to be executed according to pre-defined price/volume guidelines .
+Added: As of December 31, 2021, we had approximately $67.3 million available for future stock repurchases, all of which was utilized in January 2022.
+Added: In January 2022, our board of directors authorized the use of an additional $100.0 million for the repurchase of our common stock, with repurchases to be executed according to pre-defined price/volume guidelines.
Authorization of future stock-repurchase programs is at the discretion of the board of directors and will depend on our financial condition, results of operations, capital requirements and business conditions as well as other factors.
+Added: The following table summarizes repurchases of our common stock during the fourth quarter of fiscal 2021:
+Added: Dollar Value that
+Added: Total Number of
+Added: Shares Purchased
+Added: Publicly Announced
+Added: Plans or Program
+Added: Shares Purchased
+Added: Plans or Programs
+Added: (In millions)
+Added: October 1, 2021 to October 31, 2021
+Added: November 1, 2021 to November 30, 2021
+Added: December 1, 2021 to December 31, 2021
Performance Graph ( 1 )
6 unchanged sentences
(1) This Section is not “soliciting material,” is not deemed “filed” with the SEC and is not to be incorporated by reference in any filing of Power Integrations under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, whether made before or after the date hereof and irrespective of any general incorporation language in any such filing.
−Removed: Selected Financial Data.
−Removed: The following selected consolidated financial data should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations’’ and the consolidated financial statements and the notes thereto included elsewhere in this Annual Report on Form 10-K to fully understand factors that may affect the comparability of the information presented below.
−Removed: Consolidated Statement of Income Data
−Removed: Year Ended December 31,
−Removed: (in thousands, except per share amounts)
−Removed: Income from operations
−Removed: Provision (benefit) for income taxes
−Removed: Earnings per share:
−Removed: Shares used in per share calculation:
−Removed: Dividends per share (1)
−Removed: Consolidated Balance Sheet Data
−Removed: Year Ended December 31,
−Removed: (in thousands)
−Removed: Cash and cash equivalents
−Removed: Short-term marketable securities
−Removed: Cash, cash equivalents and short-term marketable securities
−Removed: Working capital
−Removed: Long-term liabilities
−Removed: Stockholders’ equity
−Removed: (1) In July 2020, our board of directors approved a two-for-one stock split in the form of a stock dividend, payable on August 18, 2020, to stockholders of record as of the close of business on August 14, 2020.
−Removed: Our stockholders received one additional share of common stock for each share of common stock held on August 14, 2020.
−Removed: The share and per share information for all periods presented in this Form 10-K have been adjusted for the effect of the stock split ( Refer to Note 10, Earnings Per Share , in this Form 10-K for details ) .
−Removed: (2) In October 2019, we entered into a favorable litigation settlement with ON Semiconductor Corporation which resulted in a $169.0 million net gain.
−Removed: (3) In 2017, we adopted Accounting Standards Update 2014-09, Revenue from Contracts with Customers , which amended the accounting standards for revenue recognition.
−Removed: The standards were applied on a retrospective basis to 2016.
−Removed: (4) In December 2017, the U.S.
−Removed: government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act.
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.