feyninc/tacha huggingface dataset:
## Table

|  | Amortized Cost | Unrealized Gains | Unrealized Losses | Fair Value |
|---|---|---|---|---|
|  |  | (U.S. $ in thousands) |  |  |
| Debt Investments |  |  |  |  |
| Marketable debt securities |  |  |  |  |
| U.S. treasury securities | $101,563 | $203 | $(7) | 101,759 |
| Agency securities | 26,936 | 33 | (3) | 26,966 |
| Certificates of deposit and time deposits | 24,126 | — | — | 24,126 |
| Commercial paper | 94,035 | — | — | 94,035 |
| Corporate debt securities | 201,552 | 292 | (24) | 201,820 |
| Total debt investments | 448,212 | 528 | (34) | 448,706 |
| Equity Investments |  |  |  |  |
| Marketable equity securities | 20,270 | 38,662 | — | 58,932 |
| Non-marketable equity securities | 3,000 | — | — | 3,000 |
| Total equity investments | 23,270 | 38,662 | — | 61,932 |
| Total investments | $471,482 | $39,190 | $(34) | $510,638 |



## Text

Investments


As of June 30, 2019, the Group’s investments consisted of the following:


As of June 30, 2019, the Group had $445.0 million of investments which were classified as short-term investments on the Group’s consolidated statements of financial position. Additionally, the Group had marketable equity securities totaling $58.9 million, non-marketable equity securities totaling $3.0 million, and certificates of deposit and time deposits totaling $3.7 million which were classified as long-term and were included in other non-current assets on the Group’s consolidated statements of financial position.
## Table

|  |  | Years Ended December 31, |  | Change |  |
|---|---|---|---|---|---|
|  | 2019 | 2018 | 2017 | 2019 vs 2018 | 2018 vs 2017 |
| Net sales of continuing operations |  |  |  |  |  |
| Consolidated net sales | $946.9 | $896.9 | $791.8 | 5.6% | 13.3% |
| Consolidated gross profits | $325.7 | $307.7 | $273.2 | 5.8% | 12.6% |
| Consolidated gross margin | 34.4% | 34.3% | 34.5% | 0.1% | (0.2)% |
| Consolidated SD&A costs ** | $260.4 | $245.2 | $227.2 | 6.2% | 7.9% |
| Consolidated SD&A costs ** as % of sales | 27.5% | 27.3% | 28.7% | 0.2% | (1.4)% |
| Consolidated operating income | $66.1 | $61.7 | $45.7 | 7.1% | 35.0% |
| Consolidated operating margin from continuing operations | 7.0% | 6.9% | 5.8% | 0.1% | 1.1% |
| Effective income tax rate | 24.4% | 21.3% | (44.0)% | 3.1% | 65.3% |
| Net income from continuing operations | $50.0 | $49.5 | 65.5 (1) | 1.0% | (24.4)% |
| Net margin from continuing operations | 5.3% | 5.5% | 8.3% | (0.2)% | (2.8)% |
| Income (loss) from discontinued operations, net of tax $ | $(1.5) | $175.2 | $(25.1) | (100.9)% | 798.0% |



## Text

GAAP Results of Operations


Key Performance Indicators* (in millions):


* excludes discontinued operations (See Note 5 of Notes to Consolidated Financial Statements).


** excludes special charges, net (See Note 5 of Notes to Consolidated Financial Statements).


1 Includes $20.0 million of income tax benefits primarily related to the reversal of valuation allowances against the Company's deferred tax assets and the
impacts of U.S. tax reform enacted in Q4 of 2017.
## Table

|  | April 27, 2019 | April 28, 2018 | April 29, 2017 |
|---|---|---|---|
| Numerator: |  |  |  |
| Net Income (in millions) | $91.6 | $57.2 | $92.9 |
| Denominator: |  |  |  |
| Denominator for Basic Earnings Per Share-Weighted Average Shares |  |  |  |
| Outstanding and Vested/Unissued Restricted Stock Units | 37,405,298 | 37,281,630 | 37,283,096 |
| Dilutive Potential Common Shares-Employee Stock Options, |  |  |  |
| Restricted Stock Awards and Restricted Stock Units | 264,262 | 260,269 | 202,605 |
| Denominator for Diluted Earnings Per Share | 37,669,560 | 37,541,899 | 37,485,701 |
| Basic and Diluted Income Per Share: |  |  |  |
| Basic Income Per Share | $2.45 | $1.54 | $2.49 |
| Diluted Income Per Share | $2.43 | $1.52 | $2.48 |



## Text

8. Income Per Share


Basic income per share is calculated by dividing net earnings by the weighted average number of common shares outstanding for the applicable period. Diluted income per share is calculated after adjusting the denominator of the basic income per share calculation for the effect of all potential dilutive common shares outstanding during the period. The following table sets forth the computation of basic and diluted income per share:


For fiscal 2019, options and RSUs of 83,939 were excluded from the computation of diluted net income per share as their effect would have been anti-dilutive. For fiscal 2018 and fiscal 2017, the Company had no options or RSUs that were excluded from the computation of diluted net income per shares. RSAs for 594,382 shares in fiscal 2019, 363,413 shares in fiscal 2018 and 779,000 shares in fiscal 2017 were excluded from the calculation of diluted net income per share as these awards contain performance conditions that would not have been achieved as of the end of each reporting period had the measurement period ended as of that date.
## Table

|  |  | Year Ended December 31, |  |
|---|---|---|---|
|  | 2019 | 2018 | 2017 |
| Current |  |  |  |
| Federal | $1,615 | $741 | $584 |
| State | 900 | 653 | (88) |
| Foreign | 452 | 263 | 6 |
| Total Current | 2,967 | 1,657 | 502 |
| Deferred |  |  |  |
| Federal | 2,622 | (8,821) | 3,837 |
| State | (23) | (2,643) | (1,368) |
| Foreign | — | (18) | 19 |
| Total Deferred | 2,599 | (11,482) | 2,488 |
| Total | $5,566 | $ (9,825) | $2,990 |



## Text

Note 18. Income Taxes


The Tax Cuts and Jobs Act, or the Tax Act, was signed into law on December 22, 2017. This legislation made significant changes in U.S. tax law, including a reduction in the corporate tax rate, changes to net operating loss carryforwards and carrybacks and a repeal of the corporate alternative minimum tax. The legislation reduced the U.S. corporate income tax rate from 35% to 21%. As a result of the enacted Tax Act, we were required to revalue deferred tax assets and liabilities at the rate in effect when the deferred tax balances are scheduled to reverse. This revaluation resulted in an additional $8.8 million of income tax expense and a corresponding reduction in the deferred tax asset which was recorded during the year ended December 31, 2017.


Additionally, on December 22, 2017, the Securities and Exchange Commission staff issued Staff Accounting Bulletin No. 118, or SAB 118, to address the application of GAAP in situations when a registrant does not have the necessary information available, prepared, or analyzed in reasonable detail to complete the accounting for certain income tax effects of the Tax Act. Specifically, SAB 118 provides a measurement period for companies to evaluate the impacts of the Tax Act on their financial statements. We completed the accounting for the tax effects of the Tax Act during the three months ended September 30, 2018 and decreased our provisional estimate from $8.8 million to $8.7 million.


The components of our income tax expense are as follows (in thousands):
## Table

|  |  |  | Year Ended December 31, 2018 |  |  |
|---|---|---|---|---|---|
|  | First
Quarter | Second
Quarter | Third Quarter | Fourth
Quarter | Total |
| Total revenue | $85,326 | $105,704 | $113,912 | $109,731 | $414,673 |
| Cost of revenue (exclusive of depreciation
and amortization) | 36,130 | 33,765 | 35,374 | 55,170 | 160,439 |
| Total costs and expenses | 61,749 | 58,896 | 59,655 | 81,583 | 261,883 |
| Operating profit | 23,577 | 46,808 | 54,257 | 28,148 | 152,790 |
| Total other income (expense), net | (4,973) | (4,398) | (5,170) | (4,735) | (19,276) |
| Income before income tax expense (benefit) | 18,604 | 42,410 | 49,087 | 23,413 | 133,514 |
| Net income | 18,604 | 40,816 | 45,712 | 22,848 | 127,980 |
| Less: Net income attributable to
noncontrolling interests | 18,604 | 35,266 | 33,711 | 16,143 | 103,724 |
| Net income attributable to GreenSky, Inc. | N/A | 5,550 | 12,001 | 6,705 | 24,256 |
| Earnings per share of Class A common stock: |  |  |  |  |  |
| Basic | N/A | $0.10 | $0.21 | $0.12 | $0.43 |
| Diluted(1) | N/A | $0.09 | $0.20 | $0.11 | $0.41 |



## Text

GreenSky, Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) (United States Dollars in thousands, except per share data, unless otherwise stated)


Note 18. Quarterly Consolidated Results of Operations Data (Unaudited)


The following table sets forth our quarterly consolidated results of operations data for each of the eight quarters in the period ended December 31, 2019. GS Holdings is our predecessor for accounting purposes and, accordingly, amounts prior to the Reorganization Transactions and IPO represent the historical consolidated operations of GS Holdings and its subsidiaries. The amounts during the period from May 24, 2018 through December 31, 2018 represent those of consolidated GreenSky, Inc. and its subsidiaries. Basic and diluted earnings per share of Class A common stock is applicable only for the period from May 24, 2018 through December 31, 2018, which is the period following the Reorganization Transactions and IPO. Prior to the Reorganization Transactions and IPO, GreenSky, Inc. did not engage in any business or other activities except in connection with its formation and initial capitalization. See Note 1 for further information on our organization and see Note 2 for further information on our earnings per share.


(1) Year-to-date results may not agree to the sum of individual quarterly results due to rounding.
## Table

|  | 2019 | 2018 | 2017 |
|---|---|---|---|
|  |  | (in thousands, except per share amounts) |  |
| Net income for basic and diluted net income per share | $467,468 | $451,779 | $257,692 |
| Weighted average common shares-basic | 170,425 | 187,672 | 198,069 |
| Effect of dilutive potential common shares: |  |  |  |
| Incremental shares from assumed conversion of convertible notes (1) | 4,909 | 2,749 | 1,298 |
| Convertible note hedge warrant shares (2) | 2,698 | 485 | 112 |
| Restricted stock units | 1,236 | 1,385 | 1,800 |
| Stock options | 178 | 278 | 335 |
| Employee stock purchase rights | 13 | 36 | 27 |
| Dilutive potential common shares | 9,034 | 4,933 | 3,572 |
| Weighted average common shares-diluted | 179,459 | 192,605 | 201,641 |
| Net income per common share-basic | $2.74 | $2.41 | $1.30 |
| Net income per common share-diluted | $2.60 | $2.35 | $1.28 |



## Text

N. NET INCOME PER COMMON SHARE


The following table sets forth the computation of basic and diluted net income per common share:


(1) Incremental shares from the assumed conversion of the convertible notes was calculated using the difference between the average Teradyne stock price for the period and the conversion price of $31.62, multiplied by 14.5 million shares. The result of this calculation, representing the total intrinsic value of the convertible debt, was divided by the average Teradyne stock price for the period.


(2) Convertible notes hedge warrant shares were calculated using the difference between the average Teradyne stock price for the period and the warrant price of $39.68, multiplied by 14.5 million shares. The result of this calculation, representing the total intrinsic value of the warrant, was divided by the average Teradyne stock price for the period.


The computation of diluted net income per common share for 2018 excludes the effect of the potential exercise of stock options to purchase approximately 0.1 million shares and restricted stock units to purchase approximately 0.5 million shares because the effect would have been anti-dilutive.


The computation of diluted net income per common share for 2017 excludes the effect of the potential exercise of stock options to purchase approximately 0.1 million shares because the effect would have been antidilutive.
## Table

|  | Number of awards | Weighted average contractual life | Aggregate fair value |
|---|---|---|---|
| RCUs |  |  |  |
| Outstanding as of January 1, 2018 | 67,475 | 1.38 | 1,429 |
| Granted during the year | 24,608 | — | 576 |
| Vested during the year | (16,999) | — | (410) |
| Outstanding as of December 31, 2018 | 75,084 | 1.25 | 1,595 |
| Granted during the year | 26,308 | — | 605 |
| Vested during the year | (24,925) | — | (410) |
| Outstanding as of December 31, 2019 | 76,467 | 1.26 | 1,790 |
| PCUs |  |  |  |
| Outstanding as of January 1, 2018 | 67,475 | 1.38 | 1,429 |
| Granted during the year | 24,608 | — | 576 |
| Vested during the year | (16,999) | — | (410) |
| Outstanding as of December 31, 2018 | 75,084 | 1.25 | 1,595 |
| Granted during the year | 26,308 | — | 605 |
| Vested during the year | (24,925) | — | (410) |
| Outstanding as of December 31, 2019 | 76,467 | 1.26 | 1,790 |



## Text

GasLog Ltd. and its Subsidiaries
Notes to the consolidated financial statements (Continued)
For the years ended December 31, 2017, 2018 and 2019
(All amounts expressed in thousands of U.S. Dollars, except share and per share data)


22. Share-Based Compensation (Continued)


Movement in RCUs and PCUs


The summary of RCUs and PCUs is presented below:


The total expense recognized in respect of share-based compensation for the year ended December 31, 2019 was $5,107 (December 31, 2018: $5,216 and December 31, 2017: $4,565). The total accrued cash distribution as of December 31, 2019 is $1,176 (December 31, 2018: $1,265).
## Table

|  | As reported December 31, 2017 | Adjustments for ASC 606 adoption | Adjusted January 1, 2018 |
|---|---|---|---|
| Trade receivables, net | $201.8 | $(6.2) | $195.6 |
| Prepaid expenses and other current assets | 44.6 | 11.8 | 56.4 |
| Receivables from related parties | 18.1 | (3.7) | 14.4 |
| Computer software, net | 416.8 | 1.8 | 418.6 |
| Deferred contract costs, net | 136.1 | 13.3 | 149.4 |
| Other non-current assets | 104.0 | 3.3 | 107.3 |
| Total assets | 3,655.9 | 20.3 | 3,676.2 |
| Deferred revenues (current) | 59.6 | (1.9) | 57.7 |
| Deferred revenues (non-current) | 100.7 | 6.8 | 107.5 |
| Deferred income taxes | 224.6 | 4.2 | 228.8 |
| Total liabilities | 1,947.1 | 9.1 | 1,956.2 |
| Retained earnings | 201.4 | 11.2 | 212.6 |
| Total equity | 1,708.8 | 11.2 | 1,720.0 |
| Total liabilities and equity | 3,655.9 | 20.3 | 3,676.2 |



## Text

Opening Balance Sheet Adjustment on January 1, 2018


As a result of applying the modified retrospective method to adopt ASC 606, the following amounts on our Consolidated Balance Sheet were adjusted as of January 1, 2018 to reflect the cumulative effect adjustment to the opening balance of Retained earnings (in millions):
## Table

|  |  | Fiscal Year |  |
|---|---|---|---|
| (In thousands) | December 29, 2019 | December 30, 2018 | December 31, 2017 |
| Geographic distribution of income (loss) from continuing operations before income taxes and equity in earnings of unconsolidated investees: |  |  |  |
| U.S. loss | $(84,071) | $(778,316) | $(1,242,000) |
| Non-U.S. income (loss) | 110,040 | (120,355) | 41,250 |
| Income (loss) before income taxes and equity in earnings (loss) of unconsolidated investees | $25,969 | $(898,671) | $(1,200,750) |
| Provision for income taxes: |  |  |  |
| Current tax (expense) benefit |  |  |  |
| Federal | $(328) | $(1,155) | $6,816 |
| State | (370) | (553) | 6,575 |
| Foreign | (24,588) | (4,100) | (12,074) |
| Total current tax (expense) benefit | (25,286) | (5,808) | 1,317 |
| Deferred tax (expense) benefit |  |  |  |
| Federal | (100) | — | — |
| State | — | — | 1,450 |
| Foreign | (1,245) | 4,798 | 1,177 |
| Total deferred tax (expense) benefit | (1,345) | 4,798 | 2,627 |
| (Provision for) benefit from income taxes | (26,631) | $(1,010) | $3,944 |



## Text

Note 13. INCOME TAXES


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.


The geographic distribution of income (loss) from continuing operations before income taxes and equity earnings (losses) of unconsolidated investees and the components of provision for income taxes are summarized below:
## Table

|  |  | Year Ended December 31, |  |  |
|---|---|---|---|---|
|  | 2019 |  | 2018 |  |
|  | Amount | % of Revenue | Amount | % of Revenue |
|  |  | (dollars in thousands) |  |  |
| Revenues, net | $49,036 | 100% | $58,631 | 100% |
| Cost of revenues (1) (2) (3) | 22,843 | 47 | 27,154 | 46 |
| Gross profit | 26,193 | 53 | 31,477 | 54 |
| Operating expenses: |  |  |  |  |
| Sales and marketing (1) (2) (3) | 15,836 | 32 | 23,425 | 40 |
| Research and development (1) (2) (3) | 17,845 | 36 | 22,450 | 38 |
| General and administrative (1) (2) (3) | 10,466 | 21 | 13,113 | 22 |
| Impairment of goodwill | 1,910 | 4 | 14,740 | 26 |
| Total operating expenses | 46,037 | 94 | 73,728 | 126 |
| Loss from operations | (19,844) | (40) | (42,251) | (72) |
| Gain on divestiture | 5,064 | 10 | - | - |
| Other income, net | 2,252 | 5 | 1,593 | 3 |
| Loss before (benefit from) provision for income taxes | (12,528) | (26) | (40,658) | (69) |
| (Benefit from) provision for income taxes | (120) | - | 586 | 1 |
| Net loss | $(12,408) | (25)% | $(41,244) | (70)% |



## Text

Results of Operations


The following table is a summary of our consolidated statements of operations for the specified periods and results of operations as a percentage of revenues for those periods. The period-to-period comparisons of results are not necessarily indicative of results for future periods. Percentage of revenues figures are rounded and therefore may not subtotal exactly.


A discussion regarding our consolidated statements of operations and results of operations as a percentage of revenue for 2019 compared to 2018 is presented below. A discussion regarding our financial condition and results of operations for 2018 compared to 2017 can be found under Item 7 in our Annual Report on Form 10-K for the fiscal year ended December 31, 2018, filed with the SEC on March 14, 2019, which is available free of charge on the SEC’s website at www.sec.go.


(1)  Stock-based compensation expense included in the consolidated statements of operations data above was as follows:


(2)  Amortization of intangible assets included in the consolidated statements of operations data above was as follows:


(3) Restructuring-related expenses included in the consolidated statements of operations data above was as follows:
## Table

|  |  | Years Ended December 31, |  |
|---|---|---|---|
|  | 2019 | 2018 | 2017 |
| Numerator: |  |  |  |
| Netearnings | $159,407 | $163,677 | $90,683 |
| Denominator: |  |  |  |
| Weighted-average shares used to compute basic EPS | 35,538 | 35,586 | 35,741 |
| Dilutive potential common shares due to dilutive: |  |  |  |
| RSUs, net of tax effect | 421 | 423 | 466 |
| Weighted-average shares used to compute diluted EPS | 35,959 | 36,009 | 36,207 |
| Net earnings per share: |  |  |  |
| Basic | $4.49 | $4.60 | $2.54 |
| Diluted | $4.43 | $4.55 | $2.50 |



## Text

Net Earnings Per Share (“EPS”)


Basic EPS is computed by dividing net earnings available to common stockholders by the weighted average number of common shares outstanding during each year. Diluted EPS is computed on the basis of the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding RSUs.


A reconciliation of the denominators of the basic and diluted EPS calculations follows (in thousands, except per share data):


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.
## Table

| ($ in millions) |  |  |  |  |
|---|---|---|---|---|
| At December 31, 2018: | Americas | EMEA | Asia Pacific | Total |
| Recorded investment: |  |  |  |  |
| Lease receivables | $ 3,827 | $1,341 | $1,152 | $ 6,320 |
| Loan receivables | 6,817 | 3,675 | 2,489 | 12,981 |
| Ending balance | $10,644 | $5,016 | $3,641 | $19,301 |
| Recorded investment, collectively evaluated for impairment | $10,498 | $4,964 | $3,590 | $19,052 |
| Recorded investment, individually evaluated for impairment | $   146 | $   52 | $   51 | $   249 |
| Allowance for credit losses |  |  |  |  |
| Beginning balance at January 1, 2018 |  |  |  |  |
| Lease receivables | $    63 | $    9 | $   31 | $   103 |
| Loan receivables | 108 | 52 | 51 | 211 |
| Total | $   172 | $   61 | $   82 | $   314 |
| Write-offs | (10) | (2) | (23) | (35) |
| Recoveries | 0 | 0 | 2 | 2 |
| Provision | 7 | 9 | 0 | 16 |
| Other* | (11) | (3) | (4) | (19) |
| Ending balance at December 31, 2018 | $   158 | $   65 | $   56 | $   279 |
| Lease receivables | $    53 | $   22 | $    24 | $    99 |
| Loan receivables | $   105 | $   43 | $    32 | $   179 |
| Related allowance, collectively evaluated for impairment | $    39 | $   16 | $    5 | $     59 |
| Related allowance, individually evaluated for impairment | $   119 | $   49 | $    51 | $   219 |



## Text

Write-offs of lease receivables and loan receivables were $15 million and $20 million, respectively, for the year ended December 31, 2018. Provisions for credit losses recorded for lease receivables and loan receivables were $14 million and $2 million, respectively, for the year ended December 31, 2018.


The average recorded investment of impaired leases and loans for Americas, EMEA and Asia Pacific was $138 million, $55 million and $73 million, respectively, for the year ended December 31, 2018. Both interest income recognized, and interest income recognized on a cash basis on impaired leases and loans were immaterial for the year ended December 31, 2018.