DEXTER-CQA/TAT-QA-corpus huggingface dataset:
(2) Represents accelerated vesting of 15,000 unvested restricted stock units. Pursuant to Mr. Dooley’s restricted stock unit agreement
(dated March 1, 2012), upon a “change in control” all non-vested units shall accelerate and be vested as of the date of the “change in
control” and if Mr. Dooley’s employment is terminated without cause or for good reason, all non-vested units shall accelerate and be
vested as of the date of termination
(1) Represents accelerated vesting of 48,849 stock options. Pursuant to Mr. Dooley’s stock option agreements (dated January 17, 2019),
if Mr. Dooley’s employment is terminated without cause or for good reason within six months following a “change in control”, he will
become immediately vested in all outstanding unvested stock options, and all of Mr. Dooley’s outstanding options shall remain
exercisable in accordance with their terms, but in no event for less than 90 days after such termination.
(4) Represents accelerated vesting of 10,630 unvested performance restricted stock units. Pursuant to Mr. Dooley's performance restricted
stock unit agreement (dated January 17, 2019), if Mr. Dooley’s employment is terminated without cause or for good reason within six
months following a “change in control” or if Mr. Dooley's employment is terminated due to death or total disability, all non-vested units
shall accelerate and be vested as of the date of termination.
||CSG Systems International, Inc.|Russell 2000 Index|Data Preparation and Processing Services
|2014|$100.00|100.00|100.00
|2015|$146.72|95.59|110.52
As of December 31,|2016|$200.85|115.95|129.67
|2017|$185.42|132.94|159.46
|2018|$137.31|118.30|174.32
|2019|$227.96|148.49|245.10
Corporate assets decreased $50.2 million primarily due to decreased receivables. Lower receivables is partially due to timing of sales in the fourth quarter as well as additional sales of certain receivables under the factoring arrangement as of December 31, 2019 compared to December 31, 2018. Deferred tax assets and liabilities totaled $59.3 million and $11.7 million as of December 31, 2019, respectively. Deferred tax assets and liabilities totaled $47.5 million and $11.4 million as of December 31, 2018, respectively. The increase in deferred tax assets in 2019, as compared to 2018, is due to increased net operating losses in 2019.
|||FEI-NY|FEI-Zyfer|Intersegment sales|
||2019|$38,096|12,235|(822)|$49,509
Fiscal years ended April 30, (in thousands)||2018|$26,936|15,272|(2,801)|$39,407
|Change|$|$11,160|(3,037 )|1,979|$10,102
||%|41%|(20%)|(71%)|26%
Fiscal 2019 revenues from satellite programs, one of the Company’s largest business area, increased by $8.6 million, or 61%, compared to the prior fiscal year. For Fiscal 2019 satellite program revenues for government end use were 46% of total revenues as compared to 36% for the prior fiscal year. Satellite program revenues for commercial end use were 5% and 14% of total revenue for Fiscal 2019 and Fiscal 2018, respectively. Revenues on satellite program contracts are recorded in the FEI-NY segment and are recognized primarily under the POC method. Sales revenues from non-space U.S. Government/DOD customers increased by approximately $5.2 million or 29% in Fiscal 2019 compared to prior fiscal year. These revenues are recorded in both the FEI-NY and FEI-Zyfer segments and accounted for approximately 46% and 45% of consolidated revenues for fiscal years 2019 and 2018, respectively. For the year ended April 30, 2019, other commercial and industrial sales accounted for approximately 8% of consolidated revenues compared to approximately 19% for fiscal year 2018. Sales in this business area were $3.9 million for the year ended April 30, 2019 compared to $7.6 million for the preceding year. Changes in revenue for the current year are partially due to implementation of ASU 2014-09 (see Note 1 to the Consolidated Financial Statements).
|(in millions)|Enterprise Security:|Endpoint and information protection|Network and web security|WSS and PKI|Other products and services|Total Enterprise Security|Consumer Cyber Safety:|Consumer security|Identity and information protection|Total Consumer Cyber Safety|Total net revenues
|March 29, 2019||$1,027|748|-|548|$2,323||$1,471|937|2,408|$4,731
Year Ended|March 30, 2018||$983|782|238|551|$2,554||$1,504|776|2,280|$4,834
|March 31, 2017||$947|451|422|535|$2,355||$1,527|137|1,664|$4,019
The PSUs granted based on TSR are contingently awarded and will be payable in shares of the Company’s common stock subject to the condition that the number of PSUs, if any, earned by the employees upon the expiration of a three-year award performance period is dependent on the Company’s TSR ranking relative to a peer group of companies. The fair value of the PSUs based on TSR was estimated on the grant date using a Monte Carlo Simulation. Other assumptions include the expected volatility of all companies included in the TSR, the historical share price returns analysis of all companies included in the TSR and assumes dividends are reinvested. The expected volatility was based on the historical volatility for a period of time that approximates the duration between the valuation date and the end of the performance period. The risk-free interest rate is based on the Zero-Coupon Treasury STRIP yield curve matching the term from the valuation date to the end of the performance period. Compensation expense for the PSUs based on TSR (which is considered a market condition) is a fixed amount determined at the grant date fair value and is recognized 100% over the three-year award performance period regardless of whether PSUs are awarded at the end of the award performance period.
|Number of units granted|Weighted average fair value on grant date(1) (3)|Expected Price volatility(2)|Risk-free interest rate(2)
2019|70,543|$ 57.53|22.86%|2.36%
2018|56,829|$ 43.40|22.00%|2.00%
2017|100,958|$ 44.24|25.31 %|1.56 %
|||Month of purchase in 2019||August|September|October|Total:
Purchase consideration per share||No. of shares|purchased||362,200|2,294,500|830,000|3,486,700
||Highest|price paid|HKD|327.00|351.00|327.80|
||Lowest|price paid|HKD|312.40|323.60|317.40|
|Aggregate|consideration|paid|HKD|116,330,916|776,104,729|268,272,462|1,160,708,107
For the financial year ended 31 March 2019, the total ordinary dividend payout, including the proposed final dividend, was 17.5 cents per share or 101% of the Group’s underlying net profit and 88% of the Group’s free cash flow (after interest and tax payments). 

For the financial year ended 31 March 2019, the total ordinary dividend payout, including the proposed final dividend, was 17.5 cents per share or 101% of the Group’s underlying net profit and 88% of the Group’s free cash flow (after interest and tax payments).
The Group has one of the strongest credit ratings among telecommunication companies in the Asia Pacific region. Singtel is currently rated A1 by Moody’s and A+ by S&P Global Ratings. The Group continues to maintain a healthy capital structure. 

The Group has one of the strongest credit ratings among telecommunication companies in the Asia Pacific region. Singtel is currently rated A1 by Moody’s and A+ by S&P Global Ratings. The Group continues to maintain a healthy capital structure.
|Group|Gross debt (S$ million)|Net debt (1) (S$ million)|Net debt gearing ratio (2) (%)|Net debt to EBITDA and share of associates’ pre-tax proﬁts (number of times)|Interest cover (3) (number of times)
Financial Year ended 31 March|2019|10,396|9,883|24.9|1.6|16.2
|2018|10,402|9,877|24.9|1.3|20.1
||Net revenue|Cost of revenue|Selling, general and administrative|Depreciation and amortization|Other operating (income) expense|Loss from operations
|2019|$ 41.8|23.5|26.4|6.3|(3.0)|$ (11.4)
Years Ended December 31,|2018|$ 45.4|28.5|37.3|3.3|0.3|$ (24.0)
|Increase / (Decrease)|$ (3.6)|(5.0)|(10.9)|3.0|(3.3)|$ 12.6
Net revenue: Net revenue from our Broadcasting segment for the year ended December 31, 2019 decreased $3.6 million to $41.8 million from $45.4 million for the year ended December 31, 2018. During the second half of 2018, the Broadcasting segment undertook targeted cost cutting measures, primarily at HC2 Network Inc. ("Network") where Broadcasting exited certain local business operations and made strategic changes to the programming mix.
Selling, general and administrative: Selling, general and administrative expenses from our Broadcasting segment for the year ended December 31, 2019 decreased $10.9 million to $26.4 million from $37.3 million for the year ended December 31, 2018. The decrease was primarily due to a reduction in compensation costs, mainly driven by the cost cutting measures discussed above and lower legal expenses related to elevated acquisition-related expenses incurred in the prior period.
Cost of revenue: Cost of revenue from our Broadcasting segment for the year ended December 31, 2019 decreased $5.0 million to $23.5 million from $28.5 million for the year ended December 31, 2018. The overall decrease was primarily driven by a reduction in audience measurement costs as a result of the exit of certain local markets which were unprofitable at Network and a decrease in programming costs due to changes in the programming mix referenced above, partially offset by higher cost of revenues associated with the growth of the Broadcast stations subsequent to the prior year.
Employee equity share options, unvested shares, and similar equity instruments granted and assumed by Cisco are treated as potential common shares outstanding in computing diluted earnings per share. Diluted shares outstanding include the dilutive effect of in-the-money options, unvested restricted stock, and restricted stock units. The dilutive effect of such equity awards is calculated based on the average share price for each fiscal period using the treasury stock method. Under the treasury stock method, the amount the employee must pay for exercising stock options and the amount of compensation cost for future service that has not yet recognized are collectively assumed to be used to repurchase shares.
Years Ended|Net income .|Weighted-average shares—basic|Effect of dilutive potential common shares|Weighted-average shares—diluted .|Net income per share—basic .|Net income per share—diluted|Antidilutive employee share-based awards, excluded
July 27, 2019|$11,621|4,419|34|4,453|$2.63|$2.61|55
July 28, 2018|$110|4,837|44|4,881|$0.02|$0.02|61
July 29, 2017|$9,609|5,010|39|5,049|$1.92|$1.90|136
The Company adopted Topic 606 at the beginning of fiscal 2019 using the modified retrospective method. The new standard resulted in a change to the timing of revenue recognition for a significant portion of the Company's revenue, whereby revenue is recognized over time, as products are produced, as opposed to at a point in time based upon shipping terms. As a result of the adoption of Topic 606, the following adjustments were made to the opening balances of the Company's Consolidated Balance Sheets (in thousands):
|ASSETS|   Contract assets|   Inventories|LIABILITIES AND SHAREHOLDERS' EQUITY|   Other accrued liabilities|   Retained earnings
Balance at September 29, 2018 ||$—|794,346||$68,163|1,062,246
Impacts due to adoption of Topic
606||$76,417|(68,959)||$(357)|7,815
Balance at September 30, 2018||$76,417|725,387||$67,806|1,070,061
||Beginning balance|Additions based on tax positions related to current year|Additions for tax positions of prior years|Reductions due to change in foreign exchange rate  |Expiration of statutes of limitation|Reductions due to settlements with tax authorities|Ending balance
Year ended March 31,|2019|$6,164|164|231|(301)|(165)|(77)|$6,016
|2018|$4,931|142|1,444|(353)|—|—|$6,164
State / Province|California|New York|Texas|Illinois|Ohio|Maryland|Nevada|Oregon|Ontario|Florida|New Jersey|Connecticut(2)|British Columbia|Alberta|Arizona|Washington|Total
Number of Facilities|10|1|3|3|2|3|1|1|1|2|1|1|1|2|1|1|34
Aggregate Size|618,900|231,100|214,300|144,200|120,400|115,300|74,000|55,500|51,300|48,300|38,400|29,200|24,900|16,500|14,500|10,500|1,807,300
The U.S. Tax Cuts and Jobs Act (the “Tax Act”) enacted on December 22, 2017 introduces a number of changes to U.S. income tax law. Among other changes, the Tax Act (i) reduces the U.S. federal corporate tax rate from 35% to 21%, (ii) enacts limitations regarding the deductibility of interest expense, (iii) modifies the provisions relating to the limitations on deductions for executive compensation of publicly traded corporations, (iv) imposes new limitations on the utilization of net operating loss arising in taxable years beginning after December 31, 2017, (v) repeals the corporate alternative minimum tax and provides for a refund of existing alternative minimum tax credits, and (vi) creates new taxes on certain foreign-sourced earnings and certain related-party payments, which are referred to as the global intangible low-taxed income tax and the base erosion tax, respectively.
|||Reconciliation of deferred tax assets, net|Balance at the beginning of|Deferred tax expense for the year|Debited to equity|Adjustment in respect of income tax payable|Impact from business combinations|Currency revaluation impact|Balance at the ending of
2019|(U.S. $ in thousands)|||$47,060|(15,916)|(8,884)|—|(19,092)|44|$3,212
2018||*As Adjusted||$140,532|(53,297)|(40,092)|(83)|—|—|$47,060
Fiscal 2018 Restructuring Plan|Balance payable as at June 30, 2017|Accruals and adjustments|Cash payments|Foreign exchange and other non-cash adjustments|Balance payable as at June 30, 2018|Accruals and adjustments|Cash payments|Foreign exchange and other non-cash adjustments|Balance payable as at June 30, 2019
Workforce reduction|$—|8,511|(8,845)|892|$558|(20)|(337)|(51)|$150
Facility costs|$—|1,643|(489)|11|$1,165|535|(928)|(286)|$486
Total|$—|10,154|(9,334)|903|$1,723|515|(1,265)|(337)|$636
USDm|Net Asset Value per share|Total vessel values including newbuildings (broker values)|Committed CAPEX on newbuildings|Cash position|Loans receivables|Bunkers|Freight receivables|Other receivables|Other plant and operating equipment|Land and buildings|Investments in joint ventures|Prepayments|Borrowings|Trade payables|Other liabilities|Current tax liabilities|Total Net Asset Value (NAV)|Total number of shares excluding treasury shares (million)|Total Net Asset Value per share (NAV/share) (USD)
2019||1,801.5|-51.2|72.5|4.6|34.8|89.8|6.2|4.3|8.1|1.2|3.5|-863.4|-47.1|-47.3|-1.5|1,016.0|74.4|13.6
2018||1,675.1|-258.0|127.4|-|39.4|86.0|7.5|3.0|-|0.1|2.9|-754.7|-35.1|-36.5|-1.0|856.1|73.9|11.6
2017||1,661.1|-306.9|134.2|-|33.2|71.3|11.8|1.9|-|0.3|4.4|-753.9|-26.2|-33.8|-1.4|796.0|62.0|12.8
Fiscal 2019 income taxes expense amounted to $83.7 million compared to a recovery of $17.2 million for the prior year mainly attributable to: • the effect of the federal rate reduction in the second quarter of fiscal 2018 in the United States; • the increase in profit before income taxes which is mostly related to the impact of the MetroCast acquisition completed in the second quarter of fiscal 2018, and • the appreciation of the US dollar against the Canadian dollar compared to the prior year.
On March 19, 2019, the Department of Finance Canada confirmed the acceleration of tax depreciation on most capital investments for property, plant and equipment acquired after November 20, 2018, which phases out during the period from 2023 to 2028. The federal accelerated tax depreciation had a favorable impact on the current income tax expense of the Corporation in fiscal 2019. On March 21, 2019, the Québec Department of Finance confirmed that it would harmonize with the Federal legislation.
Years ended August 31,|(in thousands of dollars, except percentages)|Profit before income taxes|Combined Canadian income tax rate|Income taxes at combined Canadian income tax rate|Difference in operations' statutory income tax rates|Impact on deferred taxes as a result of changes in substantively enacted tax rates|Impact on income taxes arising from non-deductible expenses and non-taxable profit|Tax impacts related to foreign operations|Other|
2019|$|440,563|26.50%|116,749|1,466|15|(565)|(28,633)|(5,377)|83,655
2018 (1)|$|367,380|26.50%|97,356|(3)|(94,175)|1,670|(22,099)|53|(17,198)
Change|%|19.9|—|19.9|—|—|—|29.6|—|—
|Assets|Contract assets(1)|Inventories, net(1)|Prepaid expenses and other current assets(1)(2)|Deferred income taxes(1)(2)|Liabilities|Contract liabilities(2)(3)|Deferred income(2)(3)(4)|Other accrued expenses(3)(4)|Deferred income taxes(1)|Equity|Retained earnings(1)(2)
Balance as of August 31, 2018||$—|$3,457,706|$1,141,000|$218,252||$—|$691,365|$1,000,979|$114,385||$1,760,097
Adjustments due to adoption of ASU 2014-09||$591,616|$(461,271)|$(37,271)|$(8,325)||$690,142|$(691,365)|$40,392|$2,977||$42,602
Balance as of September 1, 2018||$591,616|$2,996,435|$1,103,729|$209,927||$690,142|$—|$1,041,371|$117,362||$1,802,699
At fiscal year end 2019, these cross-currency swap contracts were in an asset position of $19 million and were recorded in other assets on the Consolidated Balance Sheet. The cross-currency swap contracts were in a liability position of $100 million and were recorded in other liabilities on the Consolidated Balance Sheet at fiscal year end 2018. At fiscal year end 2019 and 2018, collateral received from or paid to our counterparties approximated the derivative positions and was recorded in accrued and other current liabilities (when the contracts are in an asset position) or prepaid expenses and other current assets (when the contracts are in a liability position) on the Consolidated Balance Sheets. The impacts of these cross-currency swap contracts were as follows:
||Wages and salaries|Social security costs|Pension costs|Other costs||Share-based payments (see note 29)|Total employee costs
Year-ended 31 March 2019|$M|286.0|25.6|8.9|12.7|333.2|36.9|370.1
Year-ended 31 March 2018 Restated See note 2|$M|271.8|27.3|8.4|12.1|319.6|42.3|361.9
Depreciation and amortization expense was $25.2 million, $17.5 million, and $11.8 million for the years ended March 31, 2019, 2018 and 2017, respectively. Depreciation and amortization expense in the years ended March 31, 2019, 2018 and 2017 included $1.2 million, $0.9 million and $0.1 million related to property and equipment acquired under capital leases.
|||Revenue|Cost of revenue(1)|Gross profit|Operating expenses:|Sales and marketing(1)|Research and development(1)|General and administrative(1)|Total operating expenses|Operating loss|Other expenses, net|Loss before income taxes|(Provision for) benefit from income taxes|Net loss|Net loss per share attributable to common shareholders - basic and diluted|Weighted average shares outstanding - basic and diluted
|2019||$200,882|63,535|137,347||87,731|50,024|46,820|184,575|(47,228)|(4,597)|(51,825)|(425)|$(52,250)|$(1.58)|33,161,656
|2018||$147,094|46,810|100,284||69,608|41,305|31,462|142,375|(42,091)|(4,628)|(46,719)|(796)|$(47,515)|$(1.63)|29,107,267
Year Ended December 31,|2017|(in thousands, except shares and per share data)|$104,352|31,503|72,849||46,998|22,241|22,895|92,134|(19,285)|(302)|(19,587)|(47)|$(19,634)|$(0.70)|27,862,375
|2016||$76,846|23,767|53,079||34,847|14,765|14,293|63,905|(10,826)|(484)|(11,310)|24|$(11,286)|$(0.68)|16,659,561
|2015||$58,720|19,789|38,931||25,925|11,521|12,272|49,718|(10,787)|(599)|(11,386)|562|$(10,824)|$(0.88)|12,257,413
||Assets|Contract assets (1)|Inventories, net (1)|Prepaid expenses and other current assets(1)(2)|Deferred income taxes(1)|Liabilities|Contract liabilities(2)(3)|Deferred income(2)(3)(4)|Other accrued expenses(3)(4)|Deferred income taxes(1)|Equity|Retained earnings(1)(2)
August 31, 2019|As reported||$911,940|$3,023,003|$501,573|$198,827||$511,329|$—|$1,877,908|$115,818||$2,037,037
|Balance without the adoption of ASU 2014-09||$—|$3,761,591|$514,769|$202,791||$—|$521,035|$1,868,201|$111,304||$1,885,360
Amounts receivable or payable under the contracts are included in other current assets or accrued expenses in the accompanying Consolidated Balance Sheets. For the years ended December 31, 2019, 2018 and 2017, realized and unrealized foreign currency transactions totaled a loss of $5.0 million, $8.0 million and $6.3 million, respectively. The realized and unrealized foreign currency transactions are included in other income and expenses in the Company's Consolidated Statements of Operations and Comprehensive Income.
|||Japanese Yen|Philippine Peso|Malaysian Ringgit|Chinese Yuan|Korean Won|Czech Koruna|Euro|Other currencies - Buy|Other currencies - Sell|
|2019|Buy (Sell)|$49.8|36.4|20.4|20.2|18.1|11.9|—|21.9|(4.6)|$174.1
As of December 31,||Notional Amount|$49.8|36.4|20.4|20.2|18.1|11.9|—|21.9|4.6|$183.3
|2018|Buy (Sell)|$29.9|30.1|—|20.4|20.8|9.2|13.1|26.3|(7.5)|$142.3
|| Notional Amount|$29.9|30.1|—|20.4|20.8|9.2|13.1|26.3|7.5|$157.3
|Movements|30 June 2019|Opening net book amount at 1 July 2018|Additions – internally developed|Amortisation|Transfers between classes|Disposals|Closing net book amount
Rights and licences|$'000||13|-|-|-|-|13
Internally generated software|$'000||6,385|-|(1,116)|2,121|(9)|7,381
Software under development|$'000||6,509|11,896|-|(2,121)|-|16,284
Total|$'000||12,907|11,896|(1,116)|-|(9)|23,678
|Years Ended December 31,|Cost of services |Cost of wireless equipment |Selling, general and administrative expense |Depreciation and amortization expense |Total Operating Expenses 
|2019|$15,884|18,219|16,639|11,353|$ 62,095
|2018|$15,335|18,763|15,701|11,952|$ 61,751
(dollars in millions) Increase/ (Decrease)|2019 vs. 2018|$ 549|(544)|938|(599)|$ 344
||3.6%|(2.9)|6.0|(5.0)|0.6
||OEM Laser Sources (OLS)|Industrial Lasers & Systems (ILS)|Total
Fiscal 2019|Amount|$886,676|543,964|$1,430,640
|Percentage of total net sales|62.0%|38.0%|100.0%
Fiscal 2018|Amount|$1,259,477|643,096|$1,902,573
|Percentage of total net sales|66.2%|33.8%|100.0%
We are organized into two reportable operating segments: OLS and ILS. While both segments deliver cost-effective, highly reliable photonics solutions, OLS is focused on high performance laser sources and complex optical sub-systems, typically used in microelectronics manufacturing, medical diagnostics and therapeutic applications, as well as in scientific research. ILS delivers high performance laser sources, sub-systems and tools primarily used for industrial laser materials processing, serving important end markets like automotive, machine tool, consumer goods and medical device manufacturing.
In October 2016, the FASB issued guidance that requires companies to recognize the income tax effects of intercompany sales and transfers of assets, other than
inventory, in the period in which the transfer occurs. The guidance is effective for annual reporting periods and interim periods within those annual reporting
periods beginning after December 15, 2017, our fiscal 2019. The modified retrospective transition method should be applied. We adopted this guidance in the first
quarter of fiscal 2019 and it did not have a material impact on our consolidated financial statements.
In August 2016, the FASB issued guidance that aims to eliminate diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The guidance is effective for annual reporting periods and interim periods within those annual reporting periods beginning after December 15, 2017, our fiscal 2019. The retrospective transition method should be applied. We adopted this guidance in the first quarter of fiscal 2019 and it did not have a material impact on our consolidated financial statements.
In November 2016, the FASB issued guidance that requires entities to show the changes in the total of cash, cash equivalents, restricted cash and restricted cash equivalents in the statement of cash flows. The guidance is effective for annual reporting periods and interim periods within those annual reporting periods beginning after December 15, 2017, our fiscal 2019. The retrospective transition method should be applied. We adopted this guidance in the first quarter of fiscal 2019 and it did not have a material impact on our consolidated financial statements.