DEXTER-CQA/TAT-QA-corpus huggingface dataset:
||Net income (loss) attributable to Cal-Maine Foods, inc.|Cumulative losses to be recovered prior to payment of dividend at beginning of the period|Net income (loss) attributable to Cal-Maine Foods, Inc. available for dividend|1/3 of net income attributable to Cal-Maine Foods, Inc.|Common stock outstanding (shares)|Class A common stock outstanding (shares)|Total common stock outstanding (shares)|Dividends per common share*
13 Weeks Ended|June 1, 2019|$(19,761)|—|$(19,761)|—|43,894|4,800|48,694|$-
|June 2, 2018|$71,767|(20,488)|$51,279|||||$0.351
52 Weeks Ended|June 1, 2019|$54,229|—|$54,229|||||$0.506
|June 2, 2018|$125,932|(74,653)|$51,279|||||$0.351
Cal-Maine pays a dividend to shareholders of its Common Stock and Class A Common Stock on a quarterly basis for each quarter for which the Company reports net income computed in accordance with generally accepted accounting principles in an amount equal to one-third (1/3) of such quarterly income. Dividends are paid to shareholders of record as of the 60th day following the last day of such quarter, except for the fourth fiscal quarter. For the fourth quarter, the Company will pay dividends to shareholders of record on the 65th day after the quarter end. Dividends are payable on the 15th day following the record date. Following a quarter for which the Company does not report net income, the Company will not pay a dividend for a subsequent profitable quarter until the Company is profitable on a cumulative basis computed from the date of the last quarter for which a dividend was paid. Dividends payable, which would represent accrued unpaid dividends applicable to the Company's fourth quarter, were zero at June 1, 2019 and $17.1 million at June 2, 2018. At June 1, 2019, cumulative losses that must be recovered prior to paying a dividend were $19.8 million.
Financing receivables primarily consist of lease receivables, loan receivables, and financed service contracts. Lease receivables represent sales-type and direct-financing leases resulting from the sale of Cisco’s and complementary third-party products and are typically collateralized by a security interest in the underlying assets. Lease receivables consist of arrangements with terms of four years on average. Loan receivables represent financing arrangements related to the sale of our hardware, software, and services, which may include additional funding for other costs associated with network installation and integration of our products and services. Loan receivables have terms of three years on average. Financed service contracts include financing receivables related to technical support and advanced services. Revenue related to the technical support services is typically deferred and included in deferred service revenue and is recognized ratably over the period during which the related services are to be performed, which typically ranges from one to three years.
July 27, 2019|Gross|Residual value|Unearned income|Allowance for credit loss|Total, net  .|Reported as:|Current .|Noncurrent|Total, net  .
Lease Receivables|$2,367|142|(137)|(46)|$2,326||$1,029|1,297|$2,326
Loan Receivables|$5,438|—|—|(71)|$5,367||$2,653|2,714|$5,367
Financed Service Contracts|$2,369|—|—|(9)|$2,360||$1,413|947|$2,360
Total|$10,174|142|(137)|(126)|$10,053||$5,095|4,958|$10,053
|Net income (loss) attributable to Cal-Maine Foods, Inc.|Basic weighted-average common shares (including Class A)|Effect of dilutive securities:|Common stock options and restricted stock|Dilutive potential common shares|Net income (loss) per common share:|Basic|Diluted
June 1, 2019|$54,229|48,467||122|48,589||$1.12|$1.12
June 2, 2018|$125,932|48,353||115|48,468||$2.60|$2.60
June 3, 2017|$(74,278)|48,362||—|48,362||$(1.54)|$(1.54)
Basic net income per share was calculated by dividing net income by the weighted-average number of common and Class A shares outstanding during the period. Diluted net income per share was calculated by dividing net income by the weighted-average number of common shares outstanding during the period plus the dilutive effects of stock options and unvested restricted shares. Due to the net loss in the year ended June 3, 2017 restricted shares in the amount of 131,292 were excluded from the calculation of diluted earnings per share because their inclusion would have been
antidilutive. The computations of basic net income per share and diluted net income per share are as follows (in thousands):
||Debt Investments|Marketable debt securities|U.S. treasury securities|Agency securities|Certificates of deposit and time deposits|Commercial paper|Corporate debt securities|Total debt investments|Equity Investments|Marketable equity securities|Non-marketable equity securities|Total equity investments|Total investments
Amortized Cost||||$101,563|26,936|24,126|94,035|201,552|448,212||20,270|3,000|23,270|$471,482
Unrealized Gains|(U.S. $ in thousands)|||$203|33|—|—|292|528||38,662|—|38,662|$39,190
Unrealized Losses||||$(7)|(3)|—|—|(24)|(34)||—|—|—|$(34)
Fair Value||||101,759|26,966|24,126|94,035|201,820|448,706||58,932|3,000|61,932|$510,638
As of June 30, 2019, the Group had $445.0 million of investments which were classified as short-term investments on the Group’s consolidated statements of financial position. Additionally, the Group had marketable equity securities totaling $58.9 million, non-marketable equity securities totaling $3.0 million, and certificates of deposit and time deposits totaling $3.7 million which were classified as long-term and were included in other non-current assets on the Group’s consolidated statements of financial position.
||Net sales of continuing operations|Consolidated net sales|Consolidated gross profits|Consolidated gross margin|Consolidated SD&A costs **|Consolidated SD&A costs ** as % of sales|Consolidated operating income|Consolidated operating margin from continuing operations|Effective income tax rate|Net income from continuing operations|Net margin from continuing operations|Income (loss) from discontinued operations, net of tax $
|2019||$946.9|$325.7|34.4%|$260.4|27.5%|$66.1|7.0%|24.4%|$50.0|5.3%|$(1.5)
Years Ended December 31,|2018||$896.9|$307.7|34.3%|$245.2|27.3%|$61.7|6.9%|21.3%|$49.5|5.5%|$175.2
|2017||$791.8|$273.2|34.5%|$227.2|28.7%|$45.7|5.8%|(44.0)%|65.5 (1)|8.3%|$(25.1)
Change|2019 vs 2018||5.6%|5.8%|0.1%|6.2%|0.2%|7.1%|0.1%|3.1%|1.0%|(0.2)%|(100.9)%
|2018 vs 2017||13.3%|12.6%|(0.2)%|7.9%|(1.4)%|35.0%|1.1%|65.3%|(24.4)%|(2.8)%|798.0%
||Cost of revenues—product sales: Software royalties, amortization, and intellectual property licenses|Cost of revenues—subscription, licensing, and other revenues: Game Operations and Distribution Costs|Cost of revenues—subscription, licensing, and other revenues: Software royalties, amortization, and intellectual property licenses|Product development|Sales and marketing|General and administrative|Share-based compensation expense before income taxes|Income tax benefit|Total share-based compensation expense, net of income tax benefit
|2019|$19|1|1|53|10|82|166|(29)|$137
For the Years Ended December 31,|2018|$13|2|3|61|15|115|209|(46)|$163
|2017|$10|1|3|57|15|92|178|(34)|$144
||Gains (losses) on investments, net:|Available-for-sale debt investments|Marketable equity investments|Non-marketable equity and other investments|Net gains (losses) on investments|Other gains (losses), net|Other income (loss), net
|July 27, 2019||$(13)|(3)|6|(10)|(87)|$(97)
Years Ended|July 28, 2018||$(242)|529|11|298|(133)|$165
|July 29, 2017||$(42)|(45)|(46)|(133)|(30)|$(163)
2019 vs. 2018|Variance in Dollars||$229|(532)|(5)|(308)|46|$(262)
For fiscal 2019, options and RSUs of 83,939 were excluded from the computation of diluted net income per share as their effect would have been anti-dilutive. For fiscal 2018 and fiscal 2017, the Company had no options or RSUs that were excluded from the computation of diluted net income per shares. RSAs for 594,382 shares in fiscal 2019, 363,413 shares in fiscal 2018 and 779,000 shares in fiscal 2017 were excluded from the calculation of diluted net income per share as these awards contain performance conditions that would not have been achieved as of the end of each reporting period had the measurement period ended as of that date.
|Numerator:|Net Income (in millions)|Denominator:|Denominator for Basic Earnings Per Share-Weighted Average Shares|Outstanding and Vested/Unissued Restricted Stock Units|Dilutive Potential Common Shares-Employee Stock Options,|Restricted Stock Awards and Restricted Stock Units|Denominator for Diluted Earnings Per Share|Basic and Diluted Income Per Share:|Basic Income Per Share|Diluted Income Per Share
April 27, 2019||$91.6|||37,405,298||264,262|37,669,560||$2.45|$2.43
April 28, 2018||$57.2|||37,281,630||260,269|37,541,899||$1.54|$1.52
April 29, 2017||$92.9|||37,283,096||202,605|37,485,701||$2.49|$2.48
The Tax Cuts and Jobs Act, or the Tax Act, was signed into law on December 22, 2017. This legislation made significant changes in U.S. tax law, including a reduction in the corporate tax rate, changes to net operating loss carryforwards and carrybacks and a repeal of the corporate alternative minimum tax. The legislation reduced the U.S. corporate income tax rate from 35% to 21%. As a result of the enacted Tax Act, we were required to revalue deferred tax assets and liabilities at the rate in effect when the deferred tax balances are scheduled to reverse. This revaluation resulted in an additional $8.8 million of income tax expense and a corresponding reduction in the deferred tax asset which was recorded during the year ended December 31, 2017.
||Current|Federal|State|Foreign|Total Current|Deferred|Federal|State|Foreign|Total Deferred|Total
|2019||$1,615|900|452|2,967||2,622|(23)|—|2,599|$5,566
Year Ended December 31,|2018||$741|653|263|1,657||(8,821)|(2,643)|(18)|(11,482)|$ (9,825)
|2017||$584|(88)|6|502||3,837|(1,368)|19|2,488|$2,990
The Group’s adjusted effective tax rate for its controlled businesses for the year ended 31 March 2019 was 24.4% compared to 20.6% for the last financial year. The higher rate in the current year is primarily due to a change in the mix of the Group’s profit, driven by the financing for the Liberty Global transaction. The tax rate in the prior year also reflected the consequences of closing tax audits in Germany and Romania. We expect the Group’s adjusted effective tax rate to remain in the low-mid twenties range for the medium term.
Taxation||Income tax (expense)/credit:|Tax on adjustments to derive adjusted profit before tax|Deferred tax following revaluation of investments in Luxembourg|Luxembourg deferred tax asset recognised|Deferred tax on use of Luxembourg losses in the year|Tax on the Safaricom transaction|Derecognition of a deferred tax asset in Spain|Adjusted income tax expense for calculating adjusted tax rate1|Loss)/profit before tax|Adjustments to derive adjusted profit before tax (see earnings per share)|Adjusted profit before tax1|Share of adjusted results in associates and joint ventures|Adjusted profit before tax for calculating adjusted effective tax rate|Adjusted effective tax rate1
|2019 €m|(1,496)|(206)|(488)|–|320|–|1,166|(704)|(2,613)|5,149|2,536|348|2,884|24.4%
|2018 €m|879|(188)|(330)|(1,603)|304|110|–|(828)|3,878|530|4,408|(389)|4,019|20.6%
Compensation cost, excluding payroll tax and social contribution, capitalized as part of inventory was $6 million as of December 31, 2019, compared to $6 million as of December 31, 2018 and $3 million as of December 31, 2017. As of December 31, 2019, there was $138 million of total unrecognized compensation cost related to the grant of unvested shares, which is expected to be recognized over a weighted average period of approximately 9 months.
|Scope 1|Manchester|London|Scope 2|Total|Revenue|Carbon intensity|Year-on-year change
FY19|263|213|44|258|521|355.1|1.47|-34%
FY18|390|281|60|340|731|330.1|2.21|-26%
FY17|491|361|76|437|928|311.5|2.98|-17%
FY16|565|357|88|445|1,010|281.6|3.59|
OpenText's Audit Committee has established a policy of reviewing, in advance, and either approving or not approving, all audit, audit-related, tax and other non-audit services that our independent registered public accounting firm provides to us. This policy requires that all services received from our independent registered public accounting firm be approved in advance by the Audit Committee or a delegate of the Audit Committee. The Audit Committee has delegated the pre-approval responsibility to the Chair of the Audit Committee. All services that KPMG LLP provided to us in Fiscal 2019 and Fiscal 2018 have been preapproved by the Audit Committee.
||Term Loan Credit Agreement (1)|TOKIN Term Loan Facility (2)|Customer Advances (3)|Other, net (4)|Total debt|Current maturities|Total long-term debt
March 31,|2019|$—|276,808|11,270|6,393|294,471|(28,430)|$266,041
|2018|$318,782|—|—|5,841|324,623|(20,540)|$304,083
||Cable-ships and submersibles|Equipment, furniture and fixtures, and software|Building and leasehold improvements|Land|Construction in progress|Plant and transportation equipment||Less: Accumulated depreciation|Total
December 31,|2019|$ 246.5|214.1|48.9|36.8|14.3|13.5|574.1|168.3|$ 405.8
|2018|$ 251.1|148.0|47.3|32.8|12.9|12.0|504.1|127.8|$ 376.3
||Total revenue|Cost of revenue (exclusive of depreciation
and amortization)|Total costs and expenses|Operating profit|Total other income (expense), net|Income before income tax expense (benefit)|Net income|Less: Net income attributable to
noncontrolling interests|Net income attributable to GreenSky, Inc.|Earnings per share of Class A common stock:|Basic|Diluted(1)
|First
Quarter|$85,326|36,130|61,749|23,577|(4,973)|18,604|18,604|18,604|N/A||N/A|N/A
|Second
Quarter|$105,704|33,765|58,896|46,808|(4,398)|42,410|40,816|35,266|5,550||$0.10|$0.09
Year Ended December 31, 2018|Third Quarter|$113,912|35,374|59,655|54,257|(5,170)|49,087|45,712|33,711|12,001||$0.21|$0.20
|Fourth
Quarter|$109,731|55,170|81,583|28,148|(4,735)|23,413|22,848|16,143|6,705||$0.12|$0.11
|Total|$414,673|160,439|261,883|152,790|(19,276)|133,514|127,980|103,724|24,256||$0.43|$0.41
||Net income for basic and diluted net income per share|Weighted average common shares-basic|Effect of dilutive potential common shares:|Incremental shares from assumed conversion of convertible notes (1)|Convertible note hedge warrant shares (2)|Restricted stock units|Stock options|Employee stock purchase rights|Dilutive potential common shares|Weighted average common shares-diluted|Net income per common share-basic|Net income per common share-diluted
2019||$467,468|170,425||4,909|2,698|1,236|178|13|9,034|179,459|$2.74|$2.60
2018|(in thousands, except per share amounts)|$451,779|187,672||2,749|485|1,385|278|36|4,933|192,605|$2.41|$2.35
2017||$257,692|198,069||1,298|112|1,800|335|27|3,572|201,641|$1.30|$1.28
Darcy Antonellis has served on the Board since December 2018. Since January 2014, Ms. Antonellis has been the Chief Executive Officer of Vubiquity, Inc., a wholly owned subsidiary of Amdocs Limited since February 22, 2018, the largest global provider of premium content services and technical solutions serving clients in 120 countries and in 80 languages. From June 1998 until December 2013, Ms. Antonellis held numerous positions at Warner Bros. Entertainment Inc., a Time Warner company, including President, Technical Operations and Chief Technology Officer. Ms. Antonellis has also served as a member of the Board of Directors of Cinemark Holdings, Inc. since July 7, 2015. Ms, Antonellis received a B.S. in electrical engineering from Temple University and an M.B.A. from Fordham University. The Board believes Ms. Antonellis brings her extensive expertise in executive management, operations and engineering and her in-depth understanding of content services, media and entertainment industry to her role as a member of the Board.
David C. Habiger has served on the Board since December 2016. Mr. Habiger currently serves as the Chief Executive Officer of JD Power, a privately held company. Mr. Habiger served as a director of DTS from March 2014 until its acquisition by the Company in December 2016. Mr. Habiger serves as a director of the Chicago Federal Reserve Board. He is on the SABOR (Systems Activities, Bank Operations and Risk) Committee and the Governance & HR Committee for the
Federal Reserve. Mr. Habiger served as the CEO at Textura Corporation, a soft
David C. Habiger has served on the Board since December 2016. Mr. Habiger currently serves as the Chief Executive Officer of JD Power, a privately held company. Mr. Habiger served as a director of DTS from March 2014 until its acquisition by the Company in December 2016. Mr. Habiger serves as a director of the Chicago Federal Reserve Board. He is on the SABOR (Systems Activities, Bank Operations and Risk) Committee and the Governance & HR Committee for the Federal Reserve. Mr. Habiger served as the CEO at Textura Corporation, a soft David C. Habiger has served on the Board since December 2016. Mr. Habiger currently serves as the Chief Executive Officer of JD Power, a privately held company. Mr. Habiger served as a director of DTS from March 2014 until its acquisition by the Company in December 2016. Mr. Habiger serves as a director of the Chicago Federal Reserve Board. He is on the SABOR (Systems Activities, Bank Operations and Risk) Committee and the Governance & HR Committee for the Federal Reserve. Mr. Habiger served as the CEO at Textura Corporation, a software company focused on construction management, from May 2015 until its sale to Oracle in June 2016. From May 2011 to August 2012, he served as the Chief Executive Officer of NDS Group Ltd., a provider of video software and content security solutions. Mr. Habiger worked with the founding members of Sonic Solutions (“Sonic”), a computer software company, from 1992 to 2011 and served as President and Chief Executive Officer of Sonic from 2005 to 2011. He serves as a director for Echo Global Logistics, Inc., GrubHub Inc., and Stamps.com Inc., and previously served as a director for Control4 Corporation, Enova International, Inc., Immersion Corporation, RealD Inc., Textura Corporation, DTS, and Sonic Solutions. He is a member of the National Association of Corporate Directors and is on the Advisory Board of the University of Chicago Center for Entrepreneurship. Mr. Habiger received a bachelor’s degree in business administration from St. Norbert College and an M.B.A. from the University of Chicago. The Board believes that Mr. Habiger brings extensive experience in the digital media and entertainment industries and his in-depth knowledge and understanding of the consumer electronics industry to his role as a member of the Board.
Richard S. Hill has served as a member of the Board since August 2012 and as Chairman of the Board since March 2013. Mr. Hill also served as the Company’s Interim Chief Executive Officer from April 15, 2013 until May 29, 2013. Mr. Hill previously served as the Chief Executive Officer and member of the board of directors of Novellus Systems Inc., until its acquisition by Lam Research Corporation in June 2012. During his nearly 20 years leading Novellus Systems, a designer, manufacturer, and marketer of semiconductor equipment used in fabricating integrated circuits, Mr. Hill grew annual revenues from approximately $100 million to over $1 billion. Presently, Mr. Hill is Chairman of Marvell Technology Group Ltd. (“Marvell”), a producer of storage, communications and consumer semiconductor products, and a member of its board of directors. Mr. Hill served as Interim Chief Executive Officer of Marvell from May 2016 until July 2016. Mr. Hill is a member of the boards of directors of Arrow Electronics, Inc., a global provider of products and services to industrial and commercial users of electronic components and enterprise computing, and Cabot Microelectronics Corporation, the leading global supplier of chemical mechanical planarization (CMP) slurries and a growing CMP pad supplier to the semiconductor industry. Mr. Hill previously served on the board of directors of Symantec Corporation, LSI Corporation, Planar Systems, Autodesk, Inc. and Yahoo Inc. Mr. Hill received a B.S. in Bioengineering from the University of Illinois in Chicago and an M.B.A. from Syracuse University. The Board believes that Mr. Hill brings extensive expertise in executive management and engineering for technology and defenserelated companies to his role as Chairman of the Board.
Jon E. Kirchner has served on the Board and as Chief Executive Officer since June 2017. Previously he was president of Xperi following the completion of the acquisition of DTS in December 2016. He served as DTS’s Chairman of the board of directors and Chief Executive Officer from 2010 to December 2016 and had been a member of DTS’s board of directors from 2002 to December 2016. From 2001 to 2010, he served as DTS’s Chief Executive Officer. Prior to his tenure as Chief Executive Officer, Mr. Kirchner served at DTS from 1993 to 2001 in a number of senior leadership roles including President, Chief Operating Officer and Chief Financial Officer. Prior to joining DTS, Mr. Kirchner worked for the consulting and audit groups at Price Waterhouse LLP (now PricewaterhouseCoopers LLP), an international accounting firm. In 2012, Mr. Kirchner received the Ernst & Young Technology Entrepreneur of the Year Award for Greater Los Angeles. In 2011, Mr. Kirchner was honored by the Producers Guild of America, receiving the “Digital 25: Leaders in Emerging Entertainment” award for being among the visionaries that have made significant contributions to the advancement of digital entertainment and storytelling. Mr. Kirchner currently serves on the board of directors of Free Stream Media Corporation (Samba TV), a leader in developing cross platform TV experiences for consumers and advertisers. Mr. Kirchner is a Certified Public Accountant and received a B.A. in Economics, cum laude, from Claremont McKenna College. The Board believes that Mr. Kirchner brings his experience in the senior management of public companies, including service as chairman, president, Chief Executive Officer, Chief Operating Officer and Chief Financial Officer, his extensive experience in the digital media and entertainment industries, as well as his knowledge of the Company as its Chief Executive Officer, to his role as a member of the Board.
V. Sue Molina has served on the Board since February 2018. Most recently she served on the Board of Directors of DTS from January 2008 until December 2016, and served as Chair of the Audit Committee and Nominating and Corporate Governance Committee. From November 1997 until her retirement in May 2004, Ms. Molina was a tax partner at Deloitte & Touche LLP, an international accounting firm, serving from 2000 until May 2004 as the national partner in charge of Deloitte’s Initiative for the Retention and Advancement of Women. Prior to that, she spent twenty years with Ernst & Young LLP, an international accounting firm, the last ten years as a partner. Ms. Molina has prior board experience serving on the Board of Directors, chair of the Compensation Committee and member of the Audit Committee of Sucampo Pharmaceuticals, Inc., and on the Board of Directors, chair of the Audit Committee and a member of the Compensation Committee of Royal Neighbors of America. She received a B.S.B.A. and a Masters of Accounting degree from the University of Arizona. The Board believes that Ms. Molina brings her extensive accounting and financial expertise, her experience in advising boards and her past service on boards of public companies, to her role as a member of the Board.