DEXTER-CQA/TAT-QA-corpus huggingface dataset:
George A. Riedel has served on the Board since May 2013. He also has served on the board of Cerner Corporation, a leading supplier of health care information technology solutions and tech-enabled services, since May 2019. Since January 2018, Mr. Riedel has been a Senior Lecturer at Harvard Business School. Prior to that, he was the Chairman of the Board of Montreal-based Accedian Networks, where he had served as a director since 2010. Until January 2017, Mr. Riedel also served as Chairman and CEO of Cloudmark, Inc., a private network security company. Mr. Riedel joined the board at Cloudmark in June 2013, became Chairman in January 2014 and CEO in December 2014. Mr. Riedel also served on the board of directors of PeerApp from 2011 until 2014 and on the board of directors of Blade Network Technologies from 2009 until its sale to IBM in 2010. In March 2006, Mr. Riedel joined Nortel Networks Corporation, a publicly-traded, multinational, telecommunications equipment manufacturer (“Nortel”), as part of the turnaround team as the Chief Strategy Officer. His role changed after Nortel initiated creditor protection under the respective restructuring regimes of Canada under the Companies’ Creditors Arrangement Act, in the U.S. under the Bankruptcy Code, the United Kingdom under the Insolvency Act 1986, on January 14, 2009, and subsequently, Israel, to lead the sale/restructuring of various carrier and enterprise business units through a series of transactions to leading industry players such as Ericsson, Avaya and Ciena. Mr. Riedel led the efforts to create stand-alone business units, carve out the relevant P&L and balance sheet elements and assign patents to enable sales of the assets. In 2010, Mr. Riedel’s role changed to President of Business Units and CSO as he took leadership of the effort to monetize the remaining 6,500 patents and applications patents as well as manage the P&L for several business units that were held for sale. The 2011 patent sale led to an unprecedented transaction of $4.5 billion to a consortium of Apple, Ericsson, RIM, Microsoft and EMC. Prior to Nortel, Mr. Riedel was the Vice President of Strategy and Corporate Development of Juniper Networks, Inc., a publicly-traded designer, developer and manufacturer of networking products, from 2003 until 2006. Previously, Mr. Riedel was also a Director at McKinsey & Company, a global management consulting firm, where he spent 15 years serving clients in the telecom and technology sectors in Asia and North America on a range of strategy and growth issues. Mr. Riedel received a B.S. with Distinction in Mechanical Engineering from the University of Virginia and his M.B.A. from Harvard Business School. Mr. Riedel holds a Stanford Directors’ College certification based on completion of its corporate directors training. The Board believes that Mr. Riedel brings his experience from his direct involvement in the restructuring of Nortel, including the sale of Nortel’s patent portfolio for $4.5 billion, as well as his knowledge of the technology industry and leadership experience, to his role as a member of the Board.
Christopher A. Seams has served on the Board since March 2013. Mr. Seams served as the Chief Executive Officer and a director of Deca Technologies Inc., a subsidiary of Cypress Semiconductor Corporation, a global semiconductor company, from May 2013 until August 2016. Mr. Seams previously was an Executive Vice President of Sales & Marketing at Cypress Semiconductor Corporation, from July 2005 until June 2013. He previously served as an Executive Vice President of Worldwide Manufacturing & Research and Development of Cypress Semiconductor Corporation. Mr. Seams joined Cypress in 1990 and held a variety of positions in process and assembly technology research and development and manufacturing operations. Prior to joining Cypress in 1990, he worked as a process development Engineer or Manager for Advanced Micro Devices and Philips Research Laboratories. Mr. Seams currently serves as the Chairman of the Board of Directors of Onto Innovation Inc. (formerly Nanometrics Inc.). Mr. Seams is a senior member of IEEE, a member of NACD and ACCD, served on the Engineering Advisory Council for Texas A&M University and was a board member of Joint Venture Silicon Valley. Mr. Seams received a B.S. in Electrical Engineering from Texas A&M University and a M.S. in Electrical and Computer Engineering from the University of Texas at Austin. Mr. Seams has a Professional Certificate in Advanced Computer Security from Stanford University. Mr. Seams also holds a National Association of Corporate Directors certification which was awarded to him based on NACD training and examination standards. The Board believes that Mr. Seams brings extensive management, sales and marketing, and engineering experience in the semiconductor industry to his role as a member of the Board.
||Net loss|Interest and investment (income) expense, net|Provision for income taxes|Depreciation and amortization|Loss on extinguishment of convertible notes|Stock-based compensation|Adjusted EBITDA
|2019|$(52,250)|2,979|425|19,671|1,406|33,489|$5,720
Year Ended December 31,|2018|$(47,515)|4,504|796|13,693|—|25,825|$(2,697)
|2017|$(19,634)|216|47|10,207|—|9,299|$135
|RCUs|Outstanding as of January 1, 2018|Granted during the year|Vested during the year|Outstanding as of December 31, 2018|Granted during the year|Vested during the year|Outstanding as of December 31, 2019|PCUs|Outstanding as of January 1, 2018|Granted during the year|Vested during the year|Outstanding as of December 31, 2018|Granted during the year|Vested during the year|Outstanding as of December 31, 2019
Number of awards||67,475|24,608|(16,999)|75,084|26,308|(24,925)|76,467||67,475|24,608|(16,999)|75,084|26,308|(24,925)|76,467
Weighted average contractual life||1.38|—|—|1.25|—|—|1.26||1.38|—|—|1.25|—|—|1.26
Aggregate fair value||1,429|576|(410)|1,595|605|(410)|1,790||1,429|576|(410)|1,595|605|(410)|1,790
|Receivables, net|Contract Assets- Current|Contract Assets- Non-current|Contract Liabilities (Deferred Revenue)- Current|Contract Liabilities (Deferred Revenue)- Non-current
June 30, 2019|$310,080|21,446|50,640|339,752|54,554
June 30, 2018|$297,271|14,063|35,630|328,931|40,984
Fiscal 2019 revenue increased by 8.6% (6.8% in constant currency) resulting from: • a growth in the American broadband services segment mainly due to the impact of the MetroCast acquisition which was included in revenue for only an eight-month period in the prior year combined with strong organic growth and the acquisition of the south Florida fibre network previously owned by FiberLight, LLC (the "FiberLight acquisition"); partly offset by • a decrease in the Canadian broadband services segment mainly as a result of: ◦ a decline in primary service units in the fourth quarter of fiscal 2018 and the first quarter of 2019 from lower service activations primarily due to issues resulting from the implementation of a new customer management system; partly offset by ◦ rate increases; and ◦ higher net pricing from consumer sales.
Years ended August 31,|(in thousands of dollars, except percentages)|Canadian broadband services|American broadband services|Inter-segment eliminations and other|
|2019 (1) $|1,294,967|1,036,853|-|2,331,820
|2018 (2) $|1,299,906|847,372|126|2,147,404
|Change %|(0.4)|22.4|(100.0)|8.6
|Change in constant currency (3) %|(0.4)|17.9|(100.0)|6.8
|Foreign exchange impact (3) $|-|37,433|-|37,433
||Financial Position|Assets|Current Assets|Non-Current Assets|Total Assets|Liabilities|Current Liabilities|Total Liabilities|Net Assets|Equity|Contributed Equity|Reserves|Accumulated Losses|Total Equity|Financial Performance|Loss of the parent entity|Total comprehensive loss of the parent entity
CONSOLIDATE|2019 $’000|||4,297|165,165|169,462||92,352|92,352|77,110||111,290|3,960|(38,140)|77,110||(4,812)|(4,812)
|2018 $’000|||7,869|174,810|182,679||93,067|93,067|89,612||111,066|3,198|(24,652)|89,612||(163)|(163)
|Trade receivables, net|Prepaid expenses and other current assets|Receivables from related parties|Computer software, net|Deferred contract costs, net|Other non-current assets|Total assets|Deferred revenues (current)|Deferred revenues (non-current)|Deferred income taxes|Total liabilities|Retained earnings|Total equity|Total liabilities and equity
As reported December 31, 2017|$201.8|44.6|18.1|416.8|136.1|104.0|3,655.9|59.6|100.7|224.6|1,947.1|201.4|1,708.8|3,655.9
Adjustments for ASC 606 adoption|$(6.2)|11.8|(3.7)|1.8|13.3|3.3|20.3|(1.9)|6.8|4.2|9.1|11.2|11.2|20.3
Adjusted January 1, 2018|$195.6|56.4|14.4|418.6|149.4|107.3|3,676.2|57.7|107.5|228.8|1,956.2|212.6|1,720.0|3,676.2
|Computer hardware|Software|Capitalized software development costs|Equipment and machinery|Furniture and fixtures|Leasehold improvements|    Total property and equipment|Less accumulated depreciation|    Property and equipment, net 
July 31, 2019 |$17,799|6,741|7,374|10,455|8,137|48,191|98,697|(32,888)|$65,809
July 31, 2018|$20,614|4,664|3,978|4,265|4,217|10,751|48,489|(29,894)|$18,595
The Company has adopted five share option schemes, namely, the Pre-IPO Option Scheme, the Post-IPO Option Scheme I, the Post-IPO Option Scheme II, the Post-IPO Option Scheme III and the Post-IPO Option Scheme IV. The Pre-IPO Option Scheme, the Post-IPO Option Scheme I, the Post-IPO Option Scheme II and the Post-IPO Option Scheme III expired on 31 December 2011, 23 March 2014, 16 May 2017 and 13 May 2019 respectively.
|Name of director||Lau Chi Ping Martin|||||
|Date of grant||25 March 2014|21 March 2016|24 March 2017|9 April 2018|4 April 2019|Total:
|As at 1 January 2019||5,000,000|3,750,000|5,250,000|3,215,800|-|17,215,800
Number of share options|Granted during the year||-|-|-|-|3,506,580 (Note 3)|3,506,580
|Exercised during the year||-|-|-|-|-|-
|As at 31 December 2019||5,000,000|3,750,000|5,250,000|3,215,800|3,506,580|20,722,380
|Exercise price|HKD|114.52|158.10|225.44|410.00|376.00|
|Exercise period||25 March 2015 to 24 March 2021 (Note 2)|21 March 2017 to 20 March 2023 (Note 2)|24 March 2018 to 23 March 2024 (Note 2)|9 April 2019 to 8 April 2025 (Note 2)|4 April 2020 to 3 April 2026 (Note 2)|
Year ended December 31,|(EUR million)|Front-end:|Research and development expenses|Capitalization of development expenses|Research and development grants and credits|Amortization of capitalized development  expenses||Impairment capitalized development expenses|Total
|2018||125.3|(49.7)|(0.3)|12.0|87.3|1.3|88.6
|2019||150.7|(60.2)|–|15.6|106.1|4.8|110.8
|% Change||20%|21%|–|30%|22%|–|25%
Years ended August 31,|(in thousands of dollars, except percentages)|Canadian broadband services|American broadband services|Inter-segment eliminations and other|
2019 (1)|$|606,286|571,208|26,486|1,203,980
2018 (2)|$|618,886|478,172|24,567|1,121,625
Change|%|(2.0)|19.5|7.8|7.3
Change in constant currency (3)|%|(2.2)|15.2|7.8|5.4
Foreign exchange impact (3)|$|1,102|20,522|12|21,636
||Deferred compensation plan asset components:|Cash surrender value of corporate-owned life insurance policies|Fair value of mutual funds and money market funds|Total|Deferred compensation plan assets reported in:|Other long-term assets|Deferred compensation plan liabilities reported in:|Accrued compensation and related benefits (short-term)|Other long-term liabilities|Total
December 31,|2019||$16,883|21,975|$38,858||$38,858||$425|39,665|$40,090
|2018||$13,103|18,867|$31,970||$31,970||$447|32,283|$32,730
The liabilities for compensation deferred under the plan are recorded at fair value in each reporting period. Changes in the fair value of the liabilities are included in operating expense on the Consolidated Statements of Operations. The Company manages the risk of changes in the fair value of the liabilities by electing to match the liabilities with investments in corporate-owned life insurance policies, mutual funds and money market funds that offset a substantial portion of the exposure. The investments are recorded at the cash surrender value of the corporate-owned life insurance policies, and at the fair value of the mutual funds and money market funds, which are classified as trading securities. Changes in the cash surrender value of the corporate-owned life insurance policies and the fair value of mutual fund and money market fund investments are included in interest and other income, net on the Consolidated Statements of Operations. The following table summarizes the deferred compensation plan balances on the Consolidated Balance Sheets (in thousands):
The Company has a non-qualified, unfunded deferred compensation plan, which provides certain key employees, including executive officers, with the ability to defer the receipt of compensation in order to accumulate funds for retirement on a tax deferred basis. The Company does not make contributions to the plan or guarantee returns on the investments. The Company is responsible for the plan’s administrative expenses. Participants’ deferrals and investment gains and losses remain as the Company’s liabilities and the underlying assets are subject to claims of general creditors.
We estimate forfeitures at the time of grant and revise those estimates in subsequent periods on a cumulative basis in the period the estimated forfeiture rate changes for all stock-based awards when significant events occur. We consider our historical experience with employee turnover as the basis to arrive at our estimated forfeiture rate. The forfeiture rate was estimated to be 12.5% per year as of September 30, 2019. To the extent the actual forfeiture rate is different from what we have estimated, compensation expense related to these awards will be different from our expectations.
In addition to providing pension benefits, we maintain two Other Post-Employment Benefit Plans which provide a portion of healthcare, dental, vision and life insurance benefits for certain retired legacy employees. These plans are in the U.S. and Canada. Covered employees who retired on or after attaining age 55 and who had rendered at least 10 years of service were entitled to post-retirement healthcare, dental and life insurance benefits. These benefits are subject to deductibles, co-payment provisions and other limitations. The information below relates to these two plans.
|(In millions)|Change in benefit obligations:|Benefit obligation at beginning of period|Service cost|Interest cost|Actuarial (gain) loss|Benefits paid, net|Plan amendments|Benefit obligation at end of period|Change in plan assets:|Fair value of plan assets at beginning of period|Employer contribution|Benefits paid, net|Fair value of plan assets at end of period|Net amount recognized:|Underfunded status|Accumulated benefit obligation at end of year|Net amount recognized in consolidated balance sheets consists of:|Current liability|Non-current liability|Net amount recognized|Amounts recognized in accumulated other comprehensive loss consist of:|Net actuarial (gain) loss|Prior service credit|Total
December 31,|2019||$ 46.4|—|1.6|(1.2)|(3.3)|—|$ 43.5||$ —|3.3|(3.3)|$ —||$ (43.5)|$ 43.5||$ (5.3)|(38.2)|$ (43.5)||$ (0.6)|(2.6)|$ (3.2)
|2018||$ 51.3|0.1|1.4|(1.7)|(4.5)|(0.2)|$ 46.4||$ —|4.5|(4.5)|$ —||$ (46.4)|$ 46.4||$ (5.3)|(41.1)|$ (46.4)||$ 0.4|(3.0)|$ (2.6)
Fiscal 2019 fourth-quarter financial expense decreased by 15.2% mainly due to: • the reimbursements of $65 million and US$35 million under the Canadian Revolving Facility during the second quarter of fiscal 2019 and of US$328 million during the third quarter of fiscal 2019 following the sale of Cogeco Peer 1; and • lower debt outstanding and interest rates on the First Lien Credit Facilities; party offset by • the appreciation of the US dollar against the Canadian dollar compared to same period of the prior year.
Three months ended August 31,|(in thousands of dollars, except percentages)|Interest on long-term debt|Net foreign exchange losses (gains)|Amortization of deferred transaction costs|Capitalized borrowing costs|Other|
2019|$|41,307|(403)|464|(168)|(763)|40,437
2018 (1)|$|46,127|482|441|(162)|821|47,709
Change|%|(10.4)|—|5.2|3.7|—|(15.2)
|(In thousands)|Geographic distribution of income (loss) from continuing operations before income taxes and equity in earnings of unconsolidated investees:|U.S. loss|Non-U.S. income (loss)|Income (loss) before income taxes and equity in earnings (loss) of unconsolidated investees|Provision for income taxes:|Current tax (expense) benefit|Federal|State|Foreign|Total current tax (expense) benefit|Deferred tax (expense) benefit|Federal|State|Foreign|Total deferred tax (expense) benefit|(Provision for) benefit from income taxes
|December 29, 2019||$(84,071)|110,040|$25,969|||$(328)|(370)|(24,588)|(25,286)||(100)|—|(1,245)|(1,345)|(26,631)
Fiscal Year|December 30, 2018||$(778,316)|(120,355)|$(898,671)|||$(1,155)|(553)|(4,100)|(5,808)||—|—|4,798|4,798|$(1,010)
|December 31, 2017||$(1,242,000)|41,250|$(1,200,750)|||$6,816|6,575|(12,074)|1,317||—|1,450|1,177|2,627|$3,944
In the year ended December 29, 2019, our income tax provision of $26.6 million on a profit before income taxes and equity in earnings (losses) of unconsolidated investees of $26.0 million was primarily due to tax expense in foreign jurisdictions that were profitable. In the year ended December 30, 2018, our income tax provision of $1.0 million on a loss before income taxes and equity in earnings of unconsolidated investees of $898.7 million was primarily due to tax expense in foreign jurisdictions that were profitable, offset by tax benefit related to release of valuation allowance in a foreign jurisdiction, and by a release of tax reserves due to lapse of statutes of limitation.
||||Revenues, net|Cost of revenues (1) (2) (3)|Gross profit|Operating expenses:|Sales and marketing (1) (2) (3)|Research and development (1) (2) (3)|General and administrative (1) (2) (3)|Impairment of goodwill|Total operating expenses|Loss from operations|Gain on divestiture|Other income, net|Loss before (benefit from) provision for income taxes|(Benefit from) provision for income taxes|Net loss
|2019|Amount||$49,036|22,843|26,193||15,836|17,845|10,466|1,910|46,037|(19,844)|5,064|2,252|(12,528)|(120)|$(12,408)
Year Ended December 31,||% of Revenue|(dollars in thousands)|100%|47|53||32|36|21|4|94|(40)|10|5|(26)|-|(25)%
|2018|Amount||$58,631|27,154|31,477||23,425|22,450|13,113|14,740|73,728|(42,251)|-|1,593|(40,658)|586|$(41,244)
||% of Revenue||100%|46|54||40|38|22|26|126|(72)|-|3|(69)|1|(70)%
(1)    (2)    In April 2009, we entered into a credit facility agreement with a solar power project entity of one of our customers for an available amount of €17.5 million to provide financing for a PV solar power system. The credit facility bears interest at 8.0% per annum, payable quarterly, with the full amount due in December 2026. As of December 31, 2019 and 2018, the balance outstanding on the credit facility was €7.0 million ($7.8 million and $8.0 million, respectively).
(3)    In June 2015, 8point3 Energy Partners LP (the “Partnership”), a limited partnership formed by First Solar and SunPower Corporation (collectively the “Sponsors”), completed its initial public offering (the “IPO”). As part of the IPO, the Sponsors contributed interests in various projects to OpCo in exchange for voting and economic interests in the entity, and the Partnership acquired an economic interest in OpCo using proceeds from the IPO.
In June 2018, we completed the sale of our interests in the Partnership and its subsidiaries to CD Clean Energy and Infrastructure V JV, LLC, an equity fund managed by Capital Dynamics, Inc. and certain other co-investors and other parties, and received net proceeds of $240.0 million after the payment of fees, expenses, and other amounts. We accounted for our interests in OpCo, a subsidiary of the Partnership, under the equity method of accounting as we were able to exercise significant influence over the Partnership due to our representation on the board of directors of its general partner and certain of our associates serving as officers of its general partner. During the year ended December 31, 2018, we recognized equity in earnings, net of tax, of $39.7 million from our investment in OpCo, including a gain of $40.3 million, net of tax, for the sale of our interests in the Partnership and its subsidiaries. During the year ended December 31, 2018, we received distributions from OpCo of $12.4 million.
|Operating lease assets (1)|Indirect tax receivables .|Notes receivable (2)|Income taxes receivable .|Equity method investments (3) .|Derivative instruments (4) .|Deferred rent .|Other .|Other assets
2019|$145,711|9,446|8,194|4,106|2,812|139|—|79,446|$249,854
2018|$—|22,487|8,017|4,444|3,186|—|27,249|33,495|$98,878
||Cost of product revenues|Cost of hardware maintenance and other services revenues|Sales and marketing|Research and development|General and administrative|Total stock-based compensation expense|Income tax benefit for stock-based compensation
|April 26, 2019|$ 4|10|67|48|29|$ 158|$ 15
Year Ended|April 27, 2018|$ 3|10|68|49|31|$ 161|$ 29
|April 28, 2017|$ 4|13|84|59|35|$ 195|$ 41
||Staff costs|Contractor costs|Depreciation of property, plant and equipment|Amortisation of intangible assets|Profit on sale of property, plant and equipment
|Note|7||14|13|
2019|£m|(56.0)|(0.4)|(4.9)|(4.0)|0.1
(Restated) 2018|£m|(54.5)|(0.4)|(4.9)|(4.1)|–
||Cash and cash equivalents|Accounts and other receivables, net|Inventories|Current assets of discontinued operations|Other assets|Deferred income tax assets|Non-current assets of discontinued operations|Accounts payable and other accrued expenses|Accrued warranty|Current liabilities of discontinued operations|Accrued warranty|Other liabilities|Non-current liabilities of discontinued operations
December 31,|2019|$  —|—|30|30|—|269|269|—|914|914|698|189|$887
|2018|$ 5,251|406|198|5,855|67|5,917|5,984|350|4,936|5,286|10,429|286|$10,715
Period|October 1 to October 31|November 1 to November 30|December 1 to December 31|Total
Total number of Shares purchased|3,646,581 (i)|1,096,773 (iii)|—|4,743,354
Average price paid per share|97.28 (ii)|— (ii)|—|97.28 (ii)
Total number of shares purchased as part of publicly announced plans or programs|—|—|—|—
Maximum number (or approximate dollar value) of shares that may yet be purchased under the plans or programs|—|—|—|—
Sales and marketing expense increased by $22.6 million in 2018 compared to 2017. The increase was primarily due to a $20.0 million increase in employee- related costs, which includes stock-based compensation, associated with our increased headcount from 215 employees as of December 31, 2017 to 286 employees as of December 31, 2018. The remaining increase was principally the result of a $1.8 million increase in trade show and advertising costs and a $0.8 million increase attributed to office related expenses to support the sales team. The adoption of ASC 606 did not have a material impact on the change in commission expense when compared to year over year.
||Equity securities - U.S. holdings(1)|Equity funds - U.S. holdings(1) (7)|Bond funds - government(4) (7)|Bond funds - other(5) (7)|Real estate(6) (7)|Cash and cash equivalents(2)|Partnerships(3)|Total fair value of plan assets
As of December 31,|2019|$24,586|—|33,991|207,901|2,979|5,700|7,539|$282,696
|2018|$20,469|54|19,146|202,393|2,652|5,866|9,172|$259,752
||Net revenue|Cost of revenue|Selling, general and administrative|Depreciation and amortization|Other operating expense|Income (loss) from operations
|2019|$696.1|684.9|8.2|0.3|4.5|(1.8)
Years Ended December 31,|2018|$793.6|779.1|9.4|0.3|—|$4.8
|Increase / (Decrease)|$(97.5)|(94.2)|(1.2)|—|4.5|$(6.6)
In 2019, 2018 and 2017, approximately 42,000, 17,000 and 40,000, respectively, of our RSUs were not included in the diluted EPS calculations because their inclusion would have been anti-dilutive. These share-based awards could be dilutive in the future. In the year ended December 31, 2019, certain potential outstanding shares from convertible senior notes and warrants were not included in the diluted EPS calculations because their inclusion would have been anti-dilutive.