46 unchanged sentences
and Resources Connection Inc.
−Removed: Selected Financial Data
−Removed: The selected five-year financial data presented below should be read in conjunction with the information contained in Item 7.
−Removed: Management’s Discussion and Analysis of Financial Condition and Results of Operations, and the Company’s Consolidated Financial Statements and the Notes thereto contained in Item 8.
−Removed: Financial Statements and Supplementary Data.
−Removed: Year Ended December 31,
−Removed: 2020 2019 2018 2017 2016
−Removed: (in thousands)
−Removed: Income Statement Data:
−Removed: Service revenues $ 5,109,000 $ 6,074,432 $ 5,800,271 $ 5,266,789 $ 5,250,399
−Removed: Costs of services (a) 3,096,389 3,549,303 3,389,259 3,105,144 3,090,385
−Removed: Gross margin (a) 2,012,611 2,525,129 2,411,012 2,161,645 2,160,014
−Removed: Selling, general and administrative
−Removed: expenses (a) 1,666,041 1,958,295 1,810,601 1,674,112 1,615,408
−Removed: (Income) loss from investments held in
−Removed: employee deferred compensation trusts (a)
−Removed: (75,188) (54,917) 11,486 (29,747) (9,853)
−Removed: Amortization of intangible assets 1,219 1,361 1,705 1,563 1,237
−Removed: Interest income, net (1,343) (5,125) (4,382) (1,799) (888)
−Removed: Income before income taxes 421,882 625,515 591,602 517,516 554,110
−Removed: Provision for income taxes 115,606 171,082 157,314 226,932 210,721
−Removed: Net income $ 306,276 $ 454,433 $ 434,288 $ 290,584 $ 343,389
−Removed: Year Ended December 31,
−Removed: 2020 2019 2018 2017 2016
−Removed: (in thousands, except per share amounts)
−Removed: Net Income Per Share:
−Removed: Basic $ 2.72 $ 3.93 $ 3.60 $ 2.34 $ 2.68
−Removed: Diluted $ 2.70 $ 3.90 $ 3.57 $ 2.33 $ 2.67
−Removed: Basic 112,729 115,656 120,513 124,152 127,991
−Removed: Diluted 113,318 116,411 121,602 124,892 128,766
−Removed: Dividends Declared Per Share $ 1.36 $ 1.24 $ 1.12 $ .96 $ .88
−Removed: 2020 2019 2018 2017 2016
−Removed: (in thousands)
−Removed: Balance Sheet Data:
−Removed: Total assets $ 2,557,424 $ 2,311,408 $ 1,903,097 $ 1,867,454 $ 1,777,971
−Removed: Notes payable, less current portion
−Removed: $ — $ 239 $ 457 $ 657 $ 840
−Removed: Stockholders’ equity $ 1,205,289 $ 1,143,683 $ 1,063,198 $ 1,105,265 $ 1,086,599
−Removed: (a) Change in Presentation.
−Removed: The Company has changed its Consolidated Statements of Operations to separately present (income) loss from investments held in employee deferred compensation trusts.
−Removed: Under the Company’s employee deferred compensation plans, employees direct the investment of their account balances, and the Company invests amounts held in the associated investment trusts consistent with these directions.
−Removed: As realized and unrealized investment gains and losses occur, the Company’s deferred compensation obligation to employees changes accordingly.
−Removed: However, the value of the related investment trust assets also changes by an equal and offsetting amount, leaving no net cost to the Company.
−Removed: Under the new presentation, changes in the Company’s employee deferred compensation obligations remain in selling, general and administrative expenses or, in the case of risk consulting and internal audit services, costs of services.
−Removed: However, the offsetting changes in the investment trust assets will be presented separately below selling, general and administrative expenses.
−Removed: This does not change the previously reported levels of pre-tax or after-tax income or cash flow.
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.