4 unchanged sentences
We currently do not pay dividends and have not paid any cash dividends on our common stock to date.
−Removed: We currently intend to retain our future earnings to finance the future development and expansion of our business, and as such we do not expect to pay any cash dividends on our common stock in the foreseeable future.
+Added: We currently intend to retain our future earnings to finance the development and expansion of our business and as such, we do not expect to pay any cash dividends on our common stock in the foreseeable future.
The payment of future dividends, if any, will be at the discretion of our Board of Directors and will depend on our financial condition, results of operations, capital requirements, restrictions contained in current and/or future financing instruments, provisions of applicable law, and any other factors our Board of Directors deems relevant.
4 unchanged sentences
The stock repurchase program may be suspended or discontinued at any time by the Company, and does not have an expiration date.
−Removed: During the fifty-two week period ended August 29, 2020 , the Company did not repurchase any shares of common stock.
+Added: During the fifty-two weeks ended August 28, 2021, the Company did not repurchase any shares of common stock.
As of August 28, 2021, approximately $47.9 million remained available under the stock repurchase program.
Performance Graph
−Removed: The following stock performance graph compares the outstanding stock from issuance of SMPL, July 10, 2017, through August 28, 2020 (the last trading day of our fiscal year ended August 29, 2020 ), the cumulative total stockholder return for (i) Company’s common stock, (ii) the Standard & Poor’s 500 Index, and (iii) the Standard & Poor’s 500 Packaged Foods & Meats Index.
+Added: The following stock performance graph compares the outstanding stock from issuance of SMPL, July 10, 2017, through August 27, 2021 (the last trading day of our fiscal year ended August 28, 2021), and the cumulative total stockholder return for (i) Company’s common stock, (ii) the Standard & Poor’s 500 Index, and (iii) the Standard & Poor’s 500 Packaged Foods & Meats Index.
The graph assumes the value of the investment in our common stock and each index was $100.00 on July 10, 2017 and assumes reinvestment of any dividends.
2 unchanged sentences
Fiscal Years Ending
−Removed: Company Name / Index
−Removed: July 10, 2017
−Removed: August 26, 2017
−Removed: August 25, 2018
−Removed: August 31, 2019
−Removed: August 29, 2020
+Added: Company Name / Index July 10, 2017 August 26, 2017 August 25, 2018 August 31, 2019 August 29, 2020 August 28, 2021
The Simply Good Foods Company $ 100.0 $ 99.0 $ 149.8 $ 246.9 $ 211.6 $ 294.6
1 unchanged sentence
S&P 500 Packaged Foods & Meats Index $ 100.0 $ 99.5 $ 94.3 $ 101.4 $ 109.8 $ 109.5
−Removed: Selected Financial Data
−Removed: Simply Good Foods was formed on March 30, 2017, to consummate the Business Combination between Conyers Park and Atkins, which occurred on July 7, 2017 (the “Closing Date”).
−Removed: Conyers Park, a special purpose acquisition company, was formed in 2016 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
−Removed: As a result of the Business Combination that occurred in July of 2017, Simply Good Foods is the acquirer, and for accounting purposes the "Successor." Atkins is the acquiree and accounting "Predecessor." Our financial statement presentation includes the financial statements of Atkins as “Predecessor” for periods prior to the Closing Date and of Simply Good Foods for periods after the Closing Date, including the consolidation of Atkins.
−Removed: The historical financial information of Conyers Park, prior to the Business Combination, are not reflected in the Predecessor financial statements as those amounts are considered de-minimis.
−Removed: As a result of the application of the acquisition method of accounting, the financial statements, the Predecessor period and the Successor period are presented on a different basis of accounting and are therefore not comparable.
−Removed: The following table sets forth selected historical financial information derived from the audited financial statements.
−Removed: The following selected financial information should be read in conjunction with “Item 7.
−Removed: Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the Consolidated Financial Statements and the related notes in “Item 8.
−Removed: Financial Statements and Supplementary Data”.
−Removed: 52-Weeks Ended
−Removed: 53-Weeks Ended
−Removed: 52-Weeks Ended
−Removed: From July 7, 2017
−Removed: through August 26, 2017
−Removed: From August 28, 2016
−Removed: through July 6, 2017
−Removed: 52-weeks ended
−Removed: August 29, 2020
−Removed: August 31, 2019
−Removed: August 25, 2018
−Removed: August 27, 2016
−Removed: (In thousands)
−Removed: (Predecessor)
−Removed: (Predecessor)
−Removed: Cost of goods sold (1)
−Removed: Operating Expenses:
−Removed: Distribution (1)
−Removed: Selling and marketing (2)
−Removed: General and administrative (1)
−Removed: Depreciation and amortization (1)
−Removed: Business transaction costs
−Removed: Loss on impairment
−Removed: Loss (gain) in fair value change of contingent consideration - TRA liability
−Removed: Total operating expenses
−Removed: Income from operations
−Removed: Other income (expense):
−Removed: Change in warrant liabilities
−Removed: Interest income
−Removed: Interest expense
−Removed: Gain on settlement of TRA liability
−Removed: Gain (loss) on foreign currency transactions
−Removed: Total other expense
−Removed: Income before income taxes
−Removed: Income tax (benefit) expense
−Removed: Net income (loss)
−Removed: Earnings per share from net income:
−Removed: Balance Sheet Data (at end of periods)
−Removed: Long-term debt, less current maturities
−Removed: Warrant liabilities
−Removed: Stockholders’ equity (deficit)
−Removed: During the fifty-three weeks ended August 31, 2019, certain reclassifications were made to previously reported amounts to conform to the current presentation.
−Removed: On the consolidated statement of operations, outbound freight previously included in distribution, distribution center expenses previously included in General and administrative , and depreciation for equipment used in warehouse operations were reclassified to Cost of goods sold .
−Removed: 2019, 2018 and 2017 reflect adjusted amounts in accordance with this accounting principle change.
−Removed: See Note 2 to the Consolidated Financial Statements included herein for additional information on the accounting principle change.
−Removed: During the fifty-three weeks ended August 31, 2019, the Company combined Selling and Marketing within one financial statement line.
−Removed: All periods presented reflect this change.
+Added: Not applicable.
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.