3 unchanged sentences
The following graph compares the relative performance of our Class A Common Stock, the Russell 3000 Index and the Bloomberg Americas Entertainment Index.
−Removed: This graph covers the period from October 1, 2015 through June 30, 2020 .
−Removed: The comparison assumes an investment of $100 on October 1, 2015 and reinvestment of dividends.
+Added: This graph covers the period from June 30, 2016 through June 30, 2021.
+Added: The comparison assumes an investment of $100 on June 30, 2016 and reinvestment of dividends.
The MSGE Distribution is treated as a reinvestment of a special dividend pursuant to SEC rules.
The stock price performance included in this graph is not necessarily indicative of future stock performance.
−Removed: Base Period 10/1/15
+Added: 6/30/16 6/30/17 6/30/18 6/30/19 6/30/20 6/30/21
Madison Square Garden Company Sports Corp.
+Added: $ 100.00 $ 114.14 $ 179.81 $ 162.27 $ 119.41 $ 140.28
Russell 3000 Index
+Added: 100.00 118.51 136.02 148.24 157.92 227.67
Bloomberg Americas Entertainment Index
+Added: 100.00 111.12 146.45 161.60 131.33 302.26
This performance graph shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or incorporated by reference into any of our filings under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
8 unchanged sentences
During the fiscal year ended June 30, 2021, the Company did not engage in any share repurchase activity under its share repurchase program.
−Removed: Selected Financial Data
−Removed: The operating and balance sheet data included in the following selected financial data table have been derived from the consolidated and combined financial statements of Madison Square Garden Sports Corp.
−Removed: and its subsidiaries, and they have been revised for the four periods ended June 30, 2020, 2019, 2018 and 2017 to reflect our discontinued operations.
−Removed: See Note 3 to the consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for more information.
−Removed: The balance sheet data as of June 30, 2020, 2019, 2018, and 2017 and the operating data for the four years ended June 30, 2020, 2019, 2018 and 2017 are presented on a consolidated basis.
−Removed: The Company became a standalone public company on September 30, 2015 (the “ MSGS Distribution Date ”), and the June 30, 2016 results were prepared on a standalone basis derived from the consolidated financial statements and accounting records of MSG Networks Inc.
−Removed: (“MSG Networks”) and were presented as carve-out financial statements as the Company was not a standalone public company prior to the MSGS Distribution Date (“carve-out and combined basis”).
−Removed: For balance sheet data as of June 30, 2016 and operating data for the year ended June 30, 2016, the period covered by the MSGS Distribution Date , it would have been impracticable to retrospectively revise the period for discontinued operations.
−Removed: The selected financial data presented below should be read in conjunction with the consolidated financial statements included in Item 8 of this Annual Report on Form 10-K and with “Item 7 .
−Removed: Management’s Discussion and Analysis of Financial Condition and Results of Operations .”
−Removed: Years Ended June 30,
−Removed: (in thousands, except per share data)
−Removed: Operating Data (a), (b), (c) :
−Removed: Operating loss
−Removed: Loss from continuing operations before income taxes
−Removed: Income tax benefit (expense)
−Removed: Income (loss) from continuing operations
−Removed: Income from discontinued operations, net of taxes
−Removed: Net income (loss)
−Removed: Net loss attributable to nonredeemable noncontrolling interests from continuing operations
−Removed: Net loss attributable to redeemable noncontrolling interests from discontinued operations
−Removed: Net loss attributable to nonredeemable noncontrolling interests from discontinued operations
−Removed: Net income (loss) attributable to Madison Square Garden Sports Corp.’s stockholders
−Removed: Income (loss) from continuing operations
−Removed: Income (loss) from discontinued operations
−Removed: Income (loss) from continuing operations
−Removed: Income (loss) from discontinued operations
−Removed: Weighted-average number of common shares outstanding:
−Removed: Balance Sheet Data (a), (b), (c) :
−Removed: Long-term debt
−Removed: Total Madison Square Garden Sports Corp.
−Removed: stockholders’ equity
−Removed: The Company’s operating results for fiscal year 2020 were impacted by COVID-19 pandemic.
−Removed: See “Part II — Item 8.
−Removed: Financial Statements and Supplementary Data — Consolidated Financial Statements — Notes to Consolidated Financial Statements — Note 1 .
−Removed: Description of Business and Basis of Presentation” and “ Item 7 .
−Removed: Management’s Discussion and Analysis of Financial Condition and Results of Operations — Introduction — Factors Affecting Results of Operations — Impact of COVID-19 on Our Business ” for more information.
−Removed: In addition, the Company’s operating results for the year ended June 30, 2020 and balance sheet data as of June 30, 2020 were impacted by the adoption of Accounting Standards Codification (“ASC”) Topic 842.
−Removed: The Company used the modified-retrospective transition approach.
−Removed: Upon adoption of this standard, the Company recorded initial (i) operating lease right-of-use assets of $1,270 (ii) current operating lease liabilities of $393 , and (iii) long-term operating lease liabilities of $1,007 .
−Removed: The Company did not record any adjustment to retained earnings.
−Removed: See “Part II — Item 8.
−Removed: Financial Statements and Supplementary Data — Consolidated Financial Statements — Notes to Consolidated Financial Statements — Note 9 .
−Removed: Leases” for more information.
−Removed: The Company’s operating results for the year ended June 30, 2019 were impacted by the adoption of ASC Topic 606.
−Removed: The Company used the modified retrospective method of adoption.
−Removed: Results for reporting periods beginning after July 1, 2018 are presented under ASC Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with the historic accounting guidance under ASC Topic 605.
−Removed: See “Part II — Item 8.
−Removed: Financial Statements and Supplementary Data — Consolidated Financial Statements — Notes to Consolidated Financial Statements — Note 4 .
−Removed: Revenue Recognition ” for more information.
−Removed: Operating and balance sheet data beginning in fiscal year 2018 includes results from the acquisition of Counter Logic Gaming since the acquisition date of July 28, 2017.
+Added: Securities Authorized for Issuance Under Equity Compensation Plans
+Added: The information required by this Item is incorporated by reference to the definitive Proxy Statement for our 2021 Annual Meeting of Stockholders, which is expected to be filed with the SEC within 120 days of our fiscal year end.
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.