FangyuLei/tatqa huggingface dataset:
Year ended December 31,
Year ended December 31,
Year ended December 31,
2019
2018
2017
Basic:
Net earnings attributable to Black Knight
$108.8
$168.5
$182.3
Shares used for basic net earnings per share:
Weighted average shares of common stock outstanding
147.7
147.6
88.7
Basic net earnings per share
$0.74
$1.14
$2.06
Diluted:
Earnings before income taxes and equity in losses of unconsolidated affiliates
$192.4
Income tax benefit excluding the effect of noncontrolling interests
(32.2)
Net earnings
$224.6
Net earnings attributable to Black Knight
$108.8
$168.5
Shares used for diluted net earnings per share:
Weighted average shares of common stock outstanding
147.7
147.6
88.7
Dilutive effect of unvested restricted shares of common
stock
0.9
0.6
0.6
Weighted average shares of BKFS Class B common stock outstanding
—
—
63.1
Weighted average shares of common stock, diluted
148.6
148.2
152.4
Diluted net earnings per share
$0.73
$1.14
$1.47
-5 earnings per share .
basic earnings per share is computed by dividing net earnings attributable to black knight by the weighted-average number of shares of common stock outstanding during the period .
for the periods presented potentially dilutive securities include unvested restricted stock awards and the shares of bkfs class b common stock prior to the distribution .
for the year ended december 31 2017 the numerator in the diluted net earnings per share calculation is adjusted to reflect our income tax expense at an expected effective tax rate assuming the conversion of the shares of bkfs class b common stock into shares of bkfs class a common stock on a one-for-one basis prior to the distribution .
the effective tax rate for the year ended december 31 2017 was -16 .
7 % including the effect of the benefit related to the revaluation of our net deferred income tax liability and certain other discrete items recorded during 2017 .
for the year ended december 31 2017 the denominator includes approximately 63 .
1 million shares of bkfs class b common stock outstanding prior to the distribution .
the denominator also includes the dilutive effect of approximately 0 .
9 million 0 .
6 million and 0 .
6 million shares of unvested restricted shares of common stock for the years ended december 31 2019 2018 and 2017 respectively .
the shares of bkfs class b common stock did not share in the earnings or losses of black knight and were therefore not participating securities .
accordingly basic and diluted net earnings per share of bkfs class b common stock have not been presented .
the computation of basic and diluted earnings per share is as follows -in millions except per share amounts : .

Question: What was the change in the basic net earnings per share between 2017 and 2019?
Answer: -1.32
Number of Units
Weighted-Average Grant-Date Fair Value
Unvested restricted stock units outstanding - December 31, 2017
3,106,024
$3.43
Granted
853,736
1.46
Vested
(1,583,399)
3.18
Forfeited
(563,400)
3.39
Unvested restricted stock units outstanding - December 31, 2018
1,812,961
$2.74
Granted
60,000
$0.98
Vested
(904,096)
$2.67
Forfeited
(263,450)
$2.71
Unvested restricted stock units outstanding - December 31, 2019
705,415
$2.68
restricted stock units .
the company intends to settle all vested restricted stock unit payments held by united states-based participants in shares of the company ’ s common stock and classifies these awards as equity awards in its consolidated balance sheets .
awards held by participants who are based outside of the united states will be settled in cash and are classified within accrued and other current liabilities on the consolidated balance sheets as of december 31 2019 and 2018 .
the following table summarizes the activity related to the unvested restricted stock units during the years ended december 31 2019 and 2018 : .
unrecognized compensation expense related to unvested restricted stock units was $ 731 at december 31 2019 which is expected to be recognized as expense over the weighted-average period of 0 .
7 years .
during the years ended december 31 2019 and 2018 the company issued 642520 and 782364 shares respectively of common stock to participants of the 2016 plan based in the united states after withholding approximately 261335 and 472965 shares respectively to satisfy tax withholding obligations .
the company made a cash payment of $ 181 and $ 1495 to cover employee withholding taxes upon the settlement of these vested restricted stock units during the years ended december 31 2019 and 2018 respectively .
during the years ended december 31 2019 and 2018 the company also paid $ 0 and $ 300 to cash-settle 16 and 100025 vested restricted stock units by agreement with the chief operating officer in relation to certain grants made to him and to pay cash in lieu of fractional shares for vested units held by participants based in the united states .

Question: What is the average number of units vested in 2017 and 2018?
Answer: 1243747.5
Fiscal
Fiscal
Fiscal
2019
2018
2017
(in millions)
(in millions)
(in millions)
Balance at beginning of fiscal year
$ 566
$  501
$ 490
Additions related to prior years tax positions
13
14
40
Reductions related to prior years tax positions
(101)
(11)
(9)
Additions related to current year tax positions
98
105
70
Settlements
(2)
(7)
(4)
Reductions due to lapse of applicable statute of limitations
(32)
(36)
(86)
Balance at end of fiscal year
$ 542
$  566
$ 501
uncertain tax positions .
as of fiscal year end 2019 we had total unrecognized income tax benefits of $ 542 million .
if recognized in future years $ 397 million of these currently unrecognized income tax benefits would impact income tax expense -benefit and the effective tax rate .
as of fiscal year end 2018 we had total unrecognized income tax benefits of $ 566 million .
if recognized in future years $ 467 million of these currently unrecognized income tax benefits would impact income tax expense -benefit and the effective tax rate .
the following table summarizes the activity related to unrecognized income tax benefits : .
we record accrued interest and penalties related to uncertain tax positions as part of income tax expense -benefit .
as of fiscal year end 2019 and 2018 we had $ 42 million and $ 60 million respectively of accrued interest and penalties related to uncertain tax positions on the consolidated balance sheets recorded primarily in income taxes .
during fiscal 2019 2018 and 2017 we recognized income tax benefits of $ 14 million expense of $ 5 million and benefits of $ 5 million respectively related to interest and penalties on the consolidated statements of operations .
we file income tax returns on a unitary consolidated or stand-alone basis in multiple state and local jurisdictions which generally have statutes of limitations ranging from 3 to 4 years .
various state and local income tax returns are currently in the process of examination or administrative appeal .
our non-u .
s .
subsidiaries file income tax returns in the countries in which they have operations .
generally these countries have statutes of limitations ranging from 3 to 10 years .
various non-u .
s .
subsidiary income tax returns are currently in the process of examination by taxing authorities .

Question: What was the percentage change in the Additions related to prior years tax positions in 2019 from 2018?
Answer: -7.14
Fiscal Year End
Fiscal Year End
2019
2018
(in millions)
(in millions)
Accrued payroll and employee benefits
$  455
$  565
Dividends payable to shareholders
308
303
Restructuring reserves
245
141
Income taxes payable
94
109
Deferred revenue
36
27
Interest payable
31
34
Share repurchase program payable
18
94
Other
426
438
Accrued and other current liabilities
$ 1,613
$  1,711
10 .
accrued and other current liabilities .
accrued and other current liabilities consisted of the following : .

Question: What was the percentage change in deferred revenue in 2019 from 2018?
Answer: 33.33
Year ended December 31
Year ended December 31
Variance
2018
2017
$
%
Software Solutions
$962.0
$904.5
$57.5
6%
Data and Analytics
154.5
151.6
2.9
2%
Corporate and Other(1)
(2.5)
(4.5)
2.0
NM
Total
$1,114.0
$1,051.6
$62.4
6%
segment financial results .
revenues .
the following table sets forth revenues by segment for the periods presented -in millions : .
-1 revenues for corporate and other represent deferred revenue purchase accounting adjustments recorded in accordance with gaap .
software solutions .
revenues were $ 962 .
0 million in 2018 compared to $ 904 .
5 million in 2017 an increase of $ 57 .
5 million or 6 % .
our servicing software solutions revenues increased 7 % or $ 52 .
5 million primarily driven by loan growth on msp ® from new and existing clients .
our origination software solutions revenues increased 3 % or $ 5 .
0 million primarily driven by growth in our loan origination system solutions and a software license fee in our lending solutions business partially offset by the effect of lower volumes on our exchange and elending platforms primarily as a result of the 26 % decline in refinancing originations as reported by the mortgage bankers association .
data and analytics .
revenues were $ 154 .
5 million in 2018 compared to $ 151 .
6 million in 2017 an increase of $ 2 .
9 million or 2 % .
the increase was primarily driven by growth in our property data and multiple listing service businesses partially offset by upfront revenues from long-term strategic license deals in 2017 .

Question: What did revenues for Corporate and Other represent?
Answer: deferred revenue purchase accounting adjustments recorded in accordance with GAAP
(In thousands)
2019
2018
2017
Balance at April 1
$687
$988
$1,617
Reductions:
Relating to positions taken during prior year
—
(300)
(604)
Relating to lapse in statute
(107)
(1)
(25)
Balance at March 31
$580
$687
$988
we recorded a liability for unrecognized tax positions .
the aggregate changes in the balance of our gross unrecognized tax benefits were as follows for the years ended march 31 : .
as of march 31 2019 we had a liability of $ 0 .
6 million related to uncertain tax positions the recognition of which would affect our effective income tax rate .
although the timing and outcome of tax settlements are uncertain it is reasonably possible that during the next 12 months an immaterial reduction in unrecognized tax benefits may occur as a result of the expiration of various statutes of limitations .
we are routinely audited and the outcome of tax examinations could also result in a reduction in unrecognized tax benefits .
other changes could occur in the amount of gross unrecognized tax benefits during the next 12 months which cannot be estimated at this time .
we recognize interest accrued on any unrecognized tax benefits as a component of income tax expense .
penalties are recognized as a component of general and administrative expenses .
we recognized interest and penalty expense of less than $ 0 .
1 million for the years ended march 31 2019 2018 and 2017 .
as of march 31 2019 and 2018 we had approximately $ 0 .
5 million and $ 0 .
8 million of interest and penalties accrued .
in the u .
s .
we file consolidated federal and state income tax returns where statutes of limitations generally range from three to five years .
although we have resolved examinations with the irs through tax year ended march 31 2010 u .
s .
federal tax years are open from 2006 forward due to attribute carryforwards .
the statute of limitations is open from fiscal year 2012 forward in certain state jurisdictions .
we also file income tax returns in international jurisdictions where statutes of limitations generally range from three to seven years .
years beginning after 2008 are open for examination by certain foreign taxing authorities .

Question: When did the statute of limitations open?
Answer: fiscal year 2012 forward in certain state jurisdictions
As of December 31,
As of December 31,
2019
2018
Post-retirement benefits
$1,100
$1,061
Inventory reserves
708
1,236
Loss carry-forwards
4,724
4,647
Credit carry-forwards
15,964
16,909
Accrued expenses
4,932
5,685
Research expenditures
17,953
16,847
Operating lease liabilities
6,211
—
Stock compensation
2,232
2,142
Foreign exchange loss
1,986
2,245
Other
230
207
Gross deferred tax assets
56,040
50,979
Depreciation and amortization
12,453
11,500
Pensions
13,552
11,736
Operating lease assets
5,963
—
Subsidiaries' unremitted earnings
1,903
1,258
Gross deferred tax liabilities
33,871
24,494
Net deferred tax assets
22,169
26,485
Deferred tax asset valuation allowance
(8,011)
(8,274)
Total net deferred tax assets
$14,158
$18,211
notes to consolidated financial statements -in thousands except for share and per share data .
note 18 — income taxes .
significant components of our deferred tax assets and liabilities are as follows : .

Question: What was the change in Research expenditures between 2018 and 2019?
Answer: 1106
Fiscal Year Ended
Fiscal Year Ended
Fiscal Year Ended
December 27, 2019 
December 28, 2018 
December 29, 2017
Net income per share:
Basic
$0.82
$0.71
$0.55
Diluted
$0.81
$0.70
$0.54
Weighted average common shares:
Basic
29,532,342
28,703,265
26,118,482
Diluted
30,073,338
29,678,919
27,424,526
note 3 – net income per share .
the following table sets forth the computation of basic and diluted earnings per share : .

Question: What is the change in net income per diluted share between 2018 and 2019?
Answer: 0.11
Amortized Cost
Unrealized Gains
Unrealized Losses
Fair Value
Current assets:
Cash
$54,275
$—
$—
$54,275
Cash equivalents:
Money market funds
129,321
—
—
129,321
Total cash equivalents
129,321
—
—
129,321
Total cash and cash equivalents
183,596
—
—
183,596
Short-term investments:
Corporate bonds
58,115
—
(82)
58,033
US treasury securities
138,826
—
(100)
138,726
Commercial paper
7,973
—
—
7,973
Total short-term investments
204,914
—
(182)
204,732
Long-term investments:
Strategic investments
1,250
—
—
1,250
Total long-term investments
$1,250
$—
$—
$1,250
the following is a summary of investments including those that meet the definition of a cash equivalent as of december 31 2018 -in thousands : .
as of december 31 2019 the company ’ s investment in corporate bonds and us treasury securities had a weighted-average maturity date of approximately five months .
unrealized gains and losses on investments were not significant individually or in aggregate and the company does not believe the unrealized losses represent other-than-temporary impairments as of december 31 2019 .

Question: What percentage of total unrealized losses for short-term investments consist of corporate bonds?
Answer: 45.05
($ in millions)
($ in millions)
($ in millions)
($ in millions)
For the year ended December 31:
2019
2018
Yr.-to-Yr Percent/ Margin Change
Systems
External Systems Hardware gross profit
$2,622
$2,590
1.2%
External Systems Hardware gross profit margin
44.3%
40.7%
3.6pts.
External Operating Systems Software gross profit
$1,412
$1,412
0.0%
External Operating Systems Software gross profit margin
83.8%
84.5%
(0.7)pts.
External total gross profit
$4,034
$4,002
0.8%
External total gross profit margin
53.1%
49.8%
3.2pts.
Pre-tax income
$701
$904
(22.4)%
Pre-tax margin
8.4%
10.2%
(1.8)pts.
the systems gross profit margin increased 3 .
2 points to 53 .
1 percent in 2019 compared to the prior year .
the increase was driven by actions taken in 2018 to better position the cost structure over the longer term a mix to ibm z hardware and operating systems and margin improvement in storage systems .
pre-tax income of $ 701 million declined 22 .
4 percent and pre-tax margin of 8 .
4 percent decreased 1 .
8 points year to year driven by the declines in power systems and storage systems revenue and the continued investment in innovation across the systems portfolio mitigated by the benefit from the new hardware launches in the second-half 2019 .

Question: What is the average Pre-tax income?
Answer: 802.5
(Dollars in Millions)
April 27, 2019
April 28, 2018
Balance at Beginning of Fiscal Year
$1.4
$1.3
Increases for Positions Related to the Prior Years
1.8
—
Increases for Positions Related to the Current Year
0.9
0.1
Decreases for Positions Related to the Prior Years
—
—
Lapsing of Statutes of Limitations
(1.0)
—
Balance at End of Fiscal Year
$3.1
$1.4
unrecognized tax benefits .
the company operates in multiple jurisdictions throughout the world and the income tax returns of its subsidiaries in various jurisdictions are subject to periodic examination by the tax authorities .
the company regularly assesses the status of these examinations and the various outcomes to determine the adequacy of its provision for income taxes .
the amount of gross unrecognized tax benefits totaled $ 3 .
1 million and $ 1 .
4 million at april 27 2019 and april 28 2018 respectively .
these amounts represent the amount of unrecognized benefits that if recognized would favorably impact the effective tax rate if resolved in the company ’ s favor .
the following table presents a reconciliation of the beginning and ending amounts of unrecognized tax benefits : .
at april 27 2019 it is not possible to reasonably estimate the expected change to the total amount of unrecognized tax benefits in the next twelve months .
the u .
s .
federal statute of limitations remains open for fiscal years ended on or after 2016 and for state tax purposes on or after fiscal year 2013 .
tax authorities may have the ability to review and adjust net operating losses or tax credits that were generated prior to these fiscal years .
in the major foreign jurisdictions fiscal 2012 and subsequent periods remain open and subject to examination by taxing authorities .
the continuing practice of the company is to recognize interest and penalties related to income tax matters in the provision for income taxes .
the company had $ 0 .
1 million accrued for interest and no accrual for penalties at april 27 2019 .

Question: What was the change in the Balance at Beginning of Fiscal Year from 2018 to 2019?
Answer: 0.1
March 31,
March 31,
2019
2018
Nippon Yttrium Co., Ltd ("NYC")
$8,215
$8,148
NT Sales Co., Ltd ("NTS")
1,218
998
Novasentis
977
2,870
KEMET Jianghai Electronics Components Co., Ltd (“KEMET Jianghai”)
2,515
—
$12,925
$12,016
note 6 : equity method investments .
the following table provides a reconciliation of equity method investments to the company ' s consolidated balance sheets -amounts in thousands : .
tokin ' s joint ventures - nyc and nts .
as noted in note 2 “ acquisitions ” on april 19 2017 the company completed its acquisition of the remaining 66 % economic interest in tokin and tokin became a 100 % owned subsidiary of kemet .
tokin had two investments at the time of acquisition : nyc and nts .
the company accounts for both investments using the equity method due to the related nature of operations and the company ' s ability to influence management decisions .
nyc was established in 1966 by tokin and mitsui mining and smelting co .
ltd - “ mitsui ” .
nyc was established to commercialize yttrium oxides and the company owns 30 % of nyc ' s stock .
the carrying amount of the company ' s equity investment in nyc was $ 8 .
2 million and $ 8 .
1 million as of march 31 2019 and 2018 respectively .
nts was established in 2004 by tokin however subsequent to its formation tokin sold 67 % of its stock .
nts provides world-class electronic devices by utilizing global procurement networks and the company owns 33 % of nts ' stock .
during the year ended march 31 2019 a significant portion of nts ' sales were tokin ’ s products .
the carrying amount of the company ' s equity investment in nts was $ 1 .
2 million and $ 1 .
0 million as of march 31 2019 and 2018 respectively .

Question: What was the percentage change in total investments between 2018 and 2019?
Answer: 7.56
Three months ended August 31,
2019 (1)
2018 (2)
Change
Change in constant currency
Foreign exchange impact
(in thousands of dollars, except percentages)
$
$
%
%
$
Revenue
583,673
566,184
3.1
2.7
2,427
Operating expenses
302,833
297,977
1.6
1.1
1,441
Management fees – Cogeco Inc.
5,230
4,796
9.0
9.0
-
Adjusted EBITDA
275,610
263,411
4.6
4.3
986
Adjusted EBITDA margin
47.2%
46.5%
operating and financial results .
-1 for the three-month period ended august 31 2019 the average foreign exchange rate used for translation was 1 .
3222 usd / cdn .
-2 fiscal 2018 was restated to comply with ifrs 15 and to reflect a change in accounting policy as well as to reclassify results from cogeco peer 1 as discontinued operations .
for further details please consult the " accounting policies " and " discontinued operations " sections .
-3 fiscal 2019 actuals are translated at the average foreign exchange rate of the comparable period of fiscal 2018 which was 1 .
3100 usd / cdn .

Question: What was the Adjusted EBITDA margin in fourth quarter fiscal year 2019?
Answer: 47.2%
Fiscal 2019
Fiscal 2018
(In millions, except for per share amounts)
(‘FY19’)
(‘FY18’)
Net revenues
$4,731
$4,834
Operating income
380
49
Net income
31
1,138
Net income per share — diluted
0.05
1.70
Net cash provided by operating activities
1,495
950
fy19 financial results .
fy19 challenges .
while we saw improvements in some areas of our business our overall performance and stock price was negatively impacted by several significant factors : • revenue and business momentum in our former enterprise security segment declined in fy19 .
• the company was subject to an internal investigation which was commenced and completed by the audit committee of the board -the ‘ ‘ audit committee ’ ’ in connection with concerns raised by a former employee .
• we announced a restructuring plan pursuant to which we targeted reductions of our global workforce of up to approximately 8 % .
• our executive leadership team was in transition with announced executive officer departures in november 2018 and january 2019 .

Question: How was overall performance and stock price in FY19?
Answer: negatively impacted
(in millions)
Payment Due by Period
Payment Due by Period
Payment Due by Period
Payment Due by Period
Total
Less than 1 year
1-3 years
3-5 years
More than 5 years
Term Loan and Notes, including interest
$4,373.3
$3,227.0
$65.0
$65.0
$1,016.3
Operating lease obligations, net
711.5
88.7
158.0
126.9
337.9
Purchase obligations
2,036.5
545.0
935.8
555.7
—
Total
$7,121.3
$3,860.7
$1,158.8
$747.6
$1,354.2
contractual obligations .
the following table summarizes our contractual obligations as of november 29 2019 : .
as of november 29 2019 our term loan ’ s carrying value was $ 2 .
25 billion .
at our election the term loan will bear interest at either -i the london interbank offered rate - “ libor ” plus a margin based on our debt ratings ranging from 0 .
500 % to 1 .
000 % or -ii a base rate plus a margin based on our debt ratings ranging from 0 .
040 % to 0 .
110 % .
interest is payable periodically in arrears at the end of each interest period we elect .
based on the libor rate at november 29 2019 our estimated maximum commitment for interest payments was $ 23 .
2 million for the remaining duration of the term loan .
as of november 29 2019 the carrying value of our notes payable was $ 1 .
89 billion .
interest on our notes is payable semi-annually in arrears on february 1 and august 1 .
at november 29 2019 our maximum commitment for interest payments was $ 200 .
1 million for the remaining duration of our notes .
our term loan and revolving credit agreement contain similar financial covenants requiring us not to exceed a maximum leverage ratio .
as of november 29 2019 we were in compliance with this covenant .
we believe this covenant will not impact our credit or cash in the coming fiscal year or restrict our ability to execute our business plan .
our senior notes do not contain any financial covenants .
under the terms of our term loan and revolving credit agreement we are not prohibited from paying cash dividends unless payment would trigger an event of default or if one currently exists .
we do not anticipate paying any cash dividends in the foreseeable future .

Question: What is the value of contractual obligations for purchase obligations with payment due period of a maximum of 3 years?
Answer: 1480.8