FangyuLei/tatqa huggingface dataset:
Fiscal years ended July 31,
Fiscal years ended July 31,
Fiscal years ended July 31,
2019
2018
2017
Domestic
$(1,778)
$(13,501)
$21,723
International
14,230
5,225
6,803
Income (loss) before provision for (benefit from) income taxes
$12,452
$(8,276)
$28,526
9 .
income taxes .
on december 22 2017 the tax act was enacted into law which made changes to u .
s .
tax law including but not limited to : -1 reducing the u .
s .
federal corporate income tax rate from 35 % to 21 % ; -2 requiring companies to pay a one-time transition tax on certain unrepatriated earnings of foreign subsidiaries ; -3 generally eliminating u .
s .
federal corporate income taxes on dividends from foreign subsidiaries ; -4 capitalizing r & d expenses which are amortized over five to 15 years ; and -5 other changes to how foreign and domestic earnings are taxed .
the tax act includes a provision to tax global intangible low-taxed income - “ gilti ” of foreign subsidiaries and a base erosion anti-abuse tax - “ beat ” measure that taxes certain payments between a u .
s .
corporation and its foreign subsidiaries .
these provisions of the tax act were effective for the company beginning august 1 2018 and had no impact on the tax benefit for the year ended july 31 2019 .
under u .
s .
gaap the company can make an accounting policy election to either treat taxes due on the gilti inclusion as a current period expense or factor such amounts into its measurement of deferred taxes .
the company has elected the current period expense method .
the company has finalized its assessment of the transitional impacts of the tax act .
in december 2018 the irs issued proposed regulations related to the beat tax which the company is in the process of evaluating .
if the proposed beat regulations are finalized in their current form the impact may be material to the tax provision in the quarter of enactment .
the u .
s .
treasury department the internal revenue service - “ irs ” and other standard-setting bodies will continue to interpret or issue guidance on how provisions of the tax act will be applied or otherwise administered .
the company continues to obtain analyze and interpret guidance as it is issued and will revise its estimates as additional information becomes available .
any legislative changes including any other new or proposed u .
s .
department of the treasury regulations that have yet to be issued may result in income tax adjustments which could be material to our provision for income taxes and effective tax rate in the period any such changes are enacted .
the company ’ s income -loss before provision for -benefit from income taxes for the years ended july 31 2019 2018 and 2017 is as follows -in thousands : .

Question: In which year was International income (loss) before provision for (benefit from) income taxes less than 10,000 thousand?
Answer: 2018 2017
2019
2018
£m
£m
Present value of funded obligations
20.0
19.7
Fair value of plan assets
(22.2)
(21.0)
Effect of surplus cap
2.2
1.3
Net asset recognised in the Consolidated balance sheet
–
–
amounts recognised in the balance sheet are as follows : .
the surplus of £ 2 .
2m -2018 : £ 1 .
3m has not been recognised as an asset as it is not deemed to be recoverable by the group .

Question: Why is the surplus not recognised as an asset?
Answer: as it is not deemed to be recoverable by the Group
Fiscal
Fiscal
2019
2018
Net cash provided by operating activities
$181,401
$236,111
Purchases of property and equipment
(83,283)
(90,757)
Acquisition of businesses, net of cash acquired
(18,881)
(45,448)
Proceeds from sale of discontinued operation (the Hull Business)
—
25,000
Proceeds from sales of other entities
—
6,250
Borrowings, net of repayments
263
(173,252)
Issuance of shares under employee stock plans
11,811
10,574
Repurchase of common stock
(77,410)
(100,000)
Net settlement of restricted common stock
(15,179)
(36,320)
sources and uses of cash .
historically our primary source of cash has been provided by operations .
other sources of cash in the past three fiscal years include proceeds from our euro term loan used to finance our acquisition of rofin proceeds received from the sale of our stock through our employee stock purchase plan as well as borrowings under our revolving credit facility - ‘ ‘ revolving credit facility ’ ’ .
our historical uses of cash have primarily been for acquisitions of businesses and technologies the repurchase of our common stock capital expenditures and debt issuance costs .
supplemental information pertaining to our historical sources and uses of cash is presented as follows and should be read in conjunction with our consolidated statements of cash flows and notes thereto -in thousands : .
net cash provided by operating activities decreased by $ 54 .
7 million in fiscal 2019 compared to fiscal 2018 .
the decrease in cash provided by operating activities in fiscal 2019 was primarily due to lower net income and lower cash flows from income taxes payable and deferred taxes partially offset by higher cash flows from accounts receivable inventories deferred revenue and accrued payroll .
we believe that our existing cash cash equivalents and short term investments combined with cash to be provided by operating activities and amounts available under our revolving credit facility will be adequate to cover our working capital needs and planned capital expenditures for at least the next 12 months to the extent such items are known or are reasonably determinable based on current business and market conditions .
however we may elect to finance certain of our capital expenditure requirements through other sources of capital .
we continue to follow our strategy to further strengthen our financial position by using available cash flow to fund operations .

Question: What was the percentage change in Issuance of shares under employee stock plans in 2019 from 2018?
Answer: 11.7
Named Executive Officer (1)(2)
Target Award Opportunity ($)
Market-based PRSUs Award (#)
Stock Options Award (#)
Service-based RSUs Award (#)
Timothy M. Archer
7,200,000
21,243
33,988
12,746
Douglas R. Bettinger
2,700,000
7,966
12,744
4,779
Richard A. Gottscho
2,250,000
6,638
10,620
3,983
Patrick J. Lord
1,800,000
5,310
8,496
3,186
Vahid Vahedi
1,575,000
4,647
7,432
2,788
Seshasayee (Sesha) Varadarajan
1,575,000
4,647
7,432
2,788
figure 31 .
2019 / 2021 ltip award grants .
-1 the number of market-based prsus awarded is reflected at target .
the final number of shares that may be earned will be 0 % to 150 % of target .
-2 mr .
anstice did not participate in the 2019 / 2021 ltip because he terminated his employment with the company as of december 5 2018 .
the independent members of the board consulted with the committee and the committee ’ s compensation consultant to determine the appropriate amount and vesting schedule for mr .
archer ’ s award .
the independent members of the board on december 6 2018 granted to mr .
archer a $ 5000000 equity award consisting of 50 % service-based rsus and 50 % stock options with a four-year vesting schedule as shown below .
no adjustment was made at that time to his annual base salary or his target award opportunities under the aip or ltip .
these were adjusted to be competitive with ceos in our peer group as part of the normal annual compensation review in february 2019 .
in light of mr .
bettinger ’ s critical role his expanded responsibilities and the intense competition in the technology industry for proven cfo talent he received a special equity award on november 30 2018 .
the committee consulted with its compensation consultant and with the board to determine the amount and vesting schedule for the award .
the committee granted to mr .
bettinger a one-time service-based restricted stock unit -rsu award with a nominal value of $ 8000000 and a four-year vesting schedule as shown below .

Question: Which named executive officer has the highest Target Award Opportunity?
Answer: Timothy M. Archer
December 31, 2019
December 31, 2018
(in thousands)
(in thousands)
Debt principal
$460,000
$460,000
Unamortized discount
65,313
80,019
Net carrying amount of convertible debt
$394,687
$379,981
the below tables represents the key components of teradyne ’ s convertible senior notes : .
as of december 31 2019 the unamortized discount was $ 65 .
3 million which will be amortized over four years using the effective interest rate method .
the carrying amount of the equity component was $ 100 .
8 million .
as of december 31 2019 the conversion price was approximately $ 31 .
62 per share and if converted the value of the notes was $ 992 .
0 million .

Question: In which year was the amount of Unamortized discount larger?
Answer: 2018
Secured loans excluding deposits
Unsecured loans
Deposits
Total Indebtedness
Note 1
Note 2
Note 3
Indebtedness at the beginning of the financial year
i) Principal Amount
44
181
3
228
ii) Interest due but not paid
-
-
-
-
iii) Interest accrued but not due
-
-
-
-
Total (i+ii+iii)
44
181
3
228
Change in Indebtedness during the financial year
• Addition
-
-
1
1
• Reduction
(5)
(181)
-
(186)
Net change
(5)
(181)
1
(185)
Indebtedness  at the end  of the financial year
i) Principal amount
39
-
4
43
ii) Interest due but not paid
-
-
-
-
iii) Interest accrued but not due
-
-
-
-
Total (i+ii+iii)
39
-
4
43
v .
indebtedness .
indebtedness of the company including interest outstanding / accrued but not due for payment .
notes : .
1 .
secured loans excluding deposits of ` 39 crore as at march 31 2019 represents obligations under finance lease including current portion of obligations .
2 .
opening balance as at april 1 2018 of unsecured loans represent bank overdraft of ` 181 crore .
3 .
deposits represent amounts received from lessee for the premises given on sub-lease and from vendors for contracts to be executed .

Question: At the end of the financial year, what percentage of total indebtedness is made up of secured loans excluding deposits?
Answer: 90.7
USDm
2019
2018
Partners and commercial managements
0.5
1.2
Accrued operating expenses
14.1
9.1
Accrued interest
4.0
4.6
Wages and social expenses
14.3
16.1
Derivative financial instruments
12.3
3.4
Payables to joint ventures
0.1
0.1
Other
2.0
2.0
Balance as of 31 December
47.3
36.5
note 14 – other liabilities .
the carrying amount is a reasonable approximation of fair value due to the short-term nature of the receivables .
please refer to note 21 for further information on fair value hierarchies .

Question: What information does note 21 contain?
Answer: further information on fair value hierarchies.
Fiscal year
Fiscal year
(in millions of €)
2019
2018
Real Estate Services
145
140
Corporate items
(562)
631
Centrally carried pension expense
(264)
(423)
Amortization of intangible assets acquired in business combinations
(1,133)
(1,164)
Eliminations, Corporate Treasury and other reconciling items
(215)
(318)
Reconciliation to Consolidated financial Statements
(2,028)
(1,135)
a .
3 .
10 reconciliation to consolidated financial statements .
the negative swing in corporate items was mainly due to large positive effects in fiscal 2018 – the gain of € 900 million resulting from the transfer of siemens ’ shares in atos se to siemens pension- trust e .
v .
and the gain of € 655 million from the sale of osram licht ag shares .
these effects substantially outweighed a positive result in fiscal 2019 from the measurement of a major asset retirement obligation which was previously reported in centrally managed portfolio activities .
severance charges within corporate items were € 99 million - € 159 million in fiscal 2018 .

Question: What caused the negative swing in corporate items?
Answer: The negative swing in Corporate items was mainly due to large positive effects in fiscal 2018 – the gain of € 900 million resulting from the transfer of Siemens’ shares in Atos SE to Siemens Pension- Trust e. V. and the gain of € 655 million from the sale of OSRAM Licht AG shares.
Warrants
Number
Weighted Average Exercise Price
Weighted Average Remaining Life
Outstanding December 31, 2017
3,826,658
$1.05
4.69
Granted
-
-
-
Outstanding December 31, 2018
3,826,658
$1.05
3.69
Granted
-
-
-
Outstanding December 31, 2019
3,826,658
$1.05
2.69
simultaneous with the merger and the private offering new warrants to purchase 3403367 shares of series b preferred stock at an average exercise price of approximately $ 1 .
05 per share were issued to holders of prior protagenic warrants ; additionally the holder of $ 665000 of our debt and $ 35000 of accrued interest exchanged such debt for five-year warrants to purchase 295945 shares of series b preferred stock at $ 1 .
25 per share .
placement agent warrants to purchase 127346 shares of series b preferred stock at an exercise price of $ 1 .
25 per share were issued in connection with the private offering .
these warrants to purchase 423291 shares of series b preferred stock have been recorded as derivative liabilities .
all of these warrants automatically converted into warrants to purchase our common stock upon the effectiveness of our reverse stock split in july 2016 .
see note 5 .
a summary of warrant issuances are as follows : .
as of december 31 2019 the company had 3826658 shares issuable under warrants outstanding at a weighted average exercise price of $ 1 .
05 and an intrinsic value of $ 1375990 .
as of december 31 2018 the company had 3826658 shares issuable under warrants outstanding at a weighted average exercise price of $ 1 .
05 and an intrinsic value of $ 3633335 .

Question: What is the percentage change in the number of outstanding shares at December 31, 2018 and December 31, 2019?
Answer: 0
Year Ended December 31
Year Ended December 31
Year Ended December 31
Year Ended December 31
Year Ended December 31
2019
2018
2018
2018 to 2019 % change
2017 to 2018 % change
(In thousands, except percentages)
(In thousands, except percentages)
(In thousands, except percentages)
(In thousands, except percentages)
(In thousands, except percentages)
General and Administrative
$ 141,076
$ 103,491
$ 81,680
36%
27%
general and administrative expenses .
general and administrative expenses increased $ 38 million or 36 % in 2019 compared to 2018 .
the overall increase was primarily due to increased employee compensation-related costs of $ 15 million driven by headcount growth and a one-time termination-related charge of $ 3 million during 2019 .
the overall increase was also driven by costs associated with our acquisition of smooch in 2019 including transaction costs of $ 3 million and a one-time share-based compensation charge of $ 3 million related to accelerated stock options of smooch .
further contributing to the overall increase was an increase in allocated shared costs of $ 3 million .
general and administrative expenses increased $ 22 million or 27 % in 2018 compared to 2017 .
the overall increase was primarily due to increased employee compensation-related costs of $ 15 million driven by headcount growth and increased allocated shared costs of $ 3 million .

Question: What is the percentage increase in General and Administrative expenses from 2018 to 2019
Answer: 36%
(In thousands)
Classification
December 31, 2019
January 1, 2019 (1)
Assets
Right of use lease assets
Other Assets
$8,452
$10,322
Total lease asset
$8,452
$10,322
Liabilities
Current lease liability
Accrued expenses
$2,676
$2,948
Non-current lease liability
Other non-current liabilities
5,818
7,374
Total lease liability
$8,494
$10,322
note 9 – leases .
we have operating leases for office space automobiles and various other equipment in the u .
s .
and in certain international locations .
we also reviewed other contracts such as manufacturing agreements and service agreements for potential embedded leases .
we specifically reviewed these other contracts to determine whether we have the right to substantially all of the economic benefit from the use of any specified assets or the right to direct the use of any specified assets either of which would indicate the existence of a lease .
as of december 31 2019 our operating leases had remaining lease terms of one month to six years some of which included options to extend the leases for up to nine years and some of which included options to terminate the leases within three months .
for those leases that are reasonably assured to be renewed we have included the option to extend as part of our right of use asset and lease liability .
leases with an initial term of 12 months or less were not recorded on the balance sheet and lease expense for these leases is recognized on a straight-line basis over the lease term .
lease expense related to these short-term leases was $ 0 .
4 million for the twelve months ended december 31 2019 and is included in cost of sales selling general and administrative expenses and research and development expenses in the consolidated statements of income .
lease expense related to variable lease payments that do not depend on an index or rate such as real estate taxes and insurance reimbursements was $ 0 .
9 million for the twelve months ended december 31 2019 .
for lease agreements entered into or reassessed after the adoption of topic 842 we elected to not separate lease and nonlease components .
our lease agreements do not contain any material residual value guarantees or material restrictive covenants .
supplemental balance sheet information related to operating leases is as follows : .
-1 reflects the adoption of the new lease accounting standard on january 1 2019 .

Question: What was the right of use lease assets in December 2019?
Answer: $8,452
Year Ended December 31
Year Ended December 31
2019
2018
Revenues (in thousands)
$ 224,913
$ 17,542
Loss from continuing operations (in thousands)
$ (13,432)
$ ( 7,792)
Loss per share - continuing operations
$           (0.42)
$          ( 0.35)
Weighted average number of common shares outstanding - basic and diluted
32,359,316
22,099,149
our revenues for 2019 include $ 1 .
9 million related to the acquired mgi business .
our net loss for 2019 includes $ 0 .
3 million of net loss from the acquired mgi business .
the following table provides unaudited pro forma information for the periods presented as if the mgi acquisition had occurred january 1 2018 .
no adjustments have been made in the pro forma information for synergies that are resulting or planned from the mgi acquisition .
the unaudited proforma information is not indicative of the results that may have been achieved had the companies been combined as of january 1 2018 or of our future operating results .

Question: What are the revenue and net loss for 2019?
Answer: $1.9 million $0.3 million
Fiscal Year Ended
Fiscal Year Ended
Fiscal Year Ended
Fiscal Year Ended
Fiscal Year Ended
December 28, 2019
December 28, 2019
December 29, 2018
$ Change
% Change
(Dollars in thousands)
Research and development
$81,499
$74,976
$6,523
8.7 %
% of revenues
13.8 %
14.2 %
Fiscal Year Ended
December 29, 2018
December 30, 2017
$ Change
% Change
(Dollars in thousands)
Research and development
$74,976
$73,807
$1,169
1.6 %
% of revenues
14.2 %
13.5 %
research and development .
the increase in research and development expenses in fiscal 2019 compared to fiscal 2018 was primarily driven by an increase in employee compensation costs caused by increases in headcount annual compensation and benefit adjustments and employee performance-based compensation partially offset by a decrease in project material costs .

Question: What led to increase in research and development expenses in fiscal 2019 compared to fiscal 2018?
Answer: The increase in research and development expenses in fiscal 2019 compared to fiscal 2018 was primarily driven by an increase in employee compensation costs
2019
2018
€m
€m
Net debt
27,033
29,631
Financial liabilities under put option arrangements1
1,844
1,838
Equity
63,445
68,607
Capital
92,322
100,076
capital management .
the following table summarises the capital of the group at 31 march : .
note : 1 financial liabilities under put option arrangements comprise liabilities for payments due to holders of the equity shares in kabel deutschland ag under the terms of a domination and profit and loss transfer agreement ; the amounts at 31 march 2018 were previously presented within short-term borrowings .
the group ’ s policy is to borrow centrally using a mixture of long-term and short-term capital market issues and borrowing facilities to meet anticipated funding requirements .
these borrowings together with cash generated from operations are loaned internally or contributed as equity to certain subsidiaries .
the board has approved three internal debt protection ratios being : net interest to operating cash flow -plus dividends from associates ; retained cash flow -operating cash flow plus dividends from associates less interest tax dividends to non-controlling shareholders and equity dividends to net debt ; and operating cash flow -plus dividends from associates to net debt .
these internal ratios establish levels of debt that the group should not exceed other than for relatively short periods of time and are shared with the group ’ s debt rating agencies being moody ’ s fitch ratings and standard & poor ’ s .

Question: Between 2018 and 2019, which year had higher net debt?
Answer: 2018
€ million 2019
€ million 2018
(Restated)(a)
Underlying operating profit before tax(b)
9,947
9,463
Tax on underlying operating profit(c)
(2,536)
(2,432)
Operating profit after tax
7,411
7,031
Goodwill
18,067
17,341
Intangible assets
12,962
12,152
Property, plant and equipment
12,062
12,088
Net assets held for sale
81
108
Inventories
4,164
4,301
Trade and other current receivables
6,695
6,482
Trade payables and other current liabilities
(14,768)
(14,457)
Period-end invested capital
39,263
38,015
Average invested capital for the period
38,639
38,749
Return on average invested capital
19.2%
18.1%
return on invested capital .
return on invested capital -roic is a measure of the return generated on capital invested by the group .
the measure provides a guide rail for longterm value creation and encourages compounding reinvestment within the business and discipline around acquisitions with low returns and long payback .
roic is calculated as underlying operating profit after tax divided by the annual average of : goodwill intangible assets property plant and equipment net assets held for sale inventories trade and other current receivables and trade payables and other current liabilities .
-a restated following adoption of ifrs 16 .
see note 1 and note 24 for further details .
-b see reconciliation of operating profit to underlying operating profit on page 30 .
-c tax on underlying operating profit is calculated as underlying operating profit before tax multiplied by underlying effective tax rate of 25 .
5 % -2018 : 25 .
7 % which is shown on page 30 .

Question: How is ROIC calculated?
Answer: underlying operating profit after tax divided by the annual average of: goodwill, intangible assets, property, plant and equipment, net assets held for sale, inventories, trade and other current receivables, and trade payables and other current liabilities.
Number of Shares
Weighted Average Grant Date Fair Value
Nonvested shares at March 31, 2016
6,307,742
$36.76
Granted
1,635,655
51.46
Assumed upon acquisition
2,059,524
46.57
Forfeited
(722,212)
43.58
Vested
(2,861,253)
38.60
Nonvested shares at March 31, 2017
6,419,456
42.06
Granted
1,267,536
77.26
Forfeited
(279,051)
49.65
Vested
(1,735,501)
38.00
Nonvested shares at March 31, 2018
5,672,440
50.79
Granted
1,951,408
77.83
Assumed upon acquisition
1,805,680
91.70
Forfeited
(408,242)
73.36
Vested
(2,729,324)
61.51
Nonvested shares at March 31, 2019
6,291,962
$64.81
combined incentive plan information .
rsu share activity under the 2004 plan is set forth below : .
the total intrinsic value of rsus which vested during the years ended march 31 2019 2018 and 2017 was $ 229 .
3 million $ 146 .
0 million and $ 166 .
1 million respectively .
the aggregate intrinsic value of rsus outstanding at march 31 2019 was $ 522 .
0 million calculated based on the closing price of the company ' s common stock of $ 82 .
96 per share on march 29 2019 .
at march 31 2019 the weighted average remaining expense recognition period was 1 .
91 years .

Question: What was the Weighted Average Grant Date Fair Value for nonvested shares at March 31, 2017?
Answer: 42.06