2 unchanged sentences
The Company sells products from its domestic operations to its foreign subsidiaries, creating additional currency risk.
−Removed: The Company manages its exposures to this market risk through internally established procedures and, when deemed appropriate, through the use of short-term forward exchange contracts, which were not significant as of August 31, 2022.
+Added: The Company manages its exposures to this market risk through internally established procedures and, when deemed appropriate, through the use of short-term forward exchange contracts, which were not significant as of November 30, 2022.
The Company does not enter into derivative transactions or use other financial instruments for trading or speculative purposes.
2 unchanged sentences
Additional information relating to the Company’s outstanding financial instruments is included in Note 5 of Notes to Condensed Consolidated Financial Statements - unaudited in Item 1, “Financial Statements.”
−Removed: The following table sets forth information about the Company’s debt instruments as of August 31, 2022:
+Added: The following table sets forth information about the Company’s debt instruments as of November 30, 2022:
($ amounts in millions) Fiscal Year Maturity
4 unchanged sentences
Average interest rate 5.4 % — — — — —
−Removed: (1) Fiscal 2023 includes the remaining nine months of the current fiscal year ending May 31, 2023.
+Added: (1) Fiscal 2023 includes the remaining six months of the current fiscal year ending May 31, 2023.
SCHOLASTIC CORPORATION
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.