feyninc/tacha huggingface dataset:
## Table

| ($ in millions) |  |  |  |
|---|---|---|---|
| For the year ended December 31: | 2019 | 2018 | Yr.-to-Yr. Percent Change |
| Selling, general and administrative expense |  |  |  |
| Selling, general and administrative—other | $17,099 | $16,438 | 4.0% |
| Advertising and promotional expense | 1,647 | 1,466 | 12.3 |
| Workforce rebalancing charges | 555 | 598 | (7.2) |
| Amortization of acquired intangible assets | 762 | 435 | 74.9 |
| Stock-based compensation | 453 | 361 | 25.2 |
| Bad debt expense | 89 | 67 | 32.5 |
| Total consolidated selling, general and administrative expense | $20,604 | $19,366 | 6.4% |
| Non-operating adjustments |  |  |  |
| Amortization of acquired intangible assets | (762) | (435) | 74.9 |
| Acquisition-related charges | (282) | (15) | NM |
| Operating (non-GAAP) selling, general and administrative expense | $19,560 | $18,915 | 3.4% |



## Text

Selling, General and Administrative Expense


NM—Not meaningful


Total selling, general and administrative (SG&A) expense increased 6.4 percent in 2019 versus 2018, driven primarily by the following factors: • Higher spending (5 points) driven by Red Hat spending (5 points); and • Higher acquisition-related charges and amortization of acquired intangible assets associated with the Red Hat acquisition (3 points); partially offset by • The effects of currency (2 points).


Operating (non-GAAP) expense increased 3.4 percent year to year primarily driven by the same factors excluding the acquisition-related charges and amortization of acquired intangible assets associated with the Red Hat transaction.
## Table

|  | 2019 | 2018 | 2017 |
|---|---|---|---|
|  |  | (in thousands) |  |
| Revenues from customers (1): |  |  |  |
| China | $514,327 | $348,942 | $260,451 |
| Taiwan | 485,681 | 516,322 | 687,031 |
| United States | 333,059 | 282,869 | 252,516 |
| Korea | 239,504 | 163,224 | 206,819 |
| Europe | 219,015 | 223,207 | 163,715 |
| Japan | 175,322 | 158,281 | 169,093 |
| Thailand | 87,503 | 59,184 | 29,566 |
| Singapore | 84,111 | 108,618 | 101,085 |
| Malaysia | 58,200 | 122,797 | 124,048 |
| Philippines | 54,560 | 77,996 | 105,850 |
| Rest of the World | 43,683 | 39,362 | 36,432 |
|  | $2,294,965 | $2,100,802 | $2,136,606 |



## Text

Information as to Teradyne’s revenues by country is as follows:


(1) Revenues attributable to a country are based on location of customer site.


In 2019 and 2018, no single direct customer accounted for more than 10% of Teradyne’s consolidated revenues. In 2017, revenues from Taiwan Semiconductor Manufacturing Company Ltd. accounted for 13% of its consolidated revenues. Taiwan Semiconductor Manufacturing Company Ltd. is a customer of Teradyne’s Semiconductor Test segment. Teradyne estimates consolidated revenues driven by Huawei Technologies Co.Ltd. (“Huawei”), combining direct sales to that customer with sales to the customer’s OSATs, accounted for approximately 11% and 4% of its consolidated revenues in 2019 and 2018, respectively. Teradyne estimates consolidated revenues driven by another OEM customer, combining direct sales to that customer with sales to the customer’s OSATs (which include Taiwan Semiconductor Manufacturing Company Ltd.), accounted for approximately 10%, 13% and 22% of its consolidated revenues in 2019, 2018 and 2017, respectively.
## Table

|  | Number of shares | Weighted average exercise price | Weighted average remaining contractual term | Aggregate Intrinsic Value (in thousands) |
|---|---|---|---|---|
| Outstanding at September 30, 2017 | 9,376 | 4.49 | - | - |
| Granted | - | - | - | - |
| Expired | (1,250) | 6.82 | - | - |
| Forfeited | - | - | - | - |
| Exercised | (4,626) | 4.67 | - | - |
| Outstanding at September 30, 2018 | 3,500 | $3.42 | - | - |
| Granted | - | - | - | - |
| Expired | (500) | $2.99 | - | - |
| Forfeited | - | - | - | - |
| Exercised | (1,000) | 2.99 | - | - |
| Outstanding at September 30, 2019 | 2,000 | $3.75 | .98 years | $19 |
| Exercisable at September 30, 2019 | 2,000 | $3.75 | .98 years | $19 |
| Vested and expected to vest at September 30, 2019 | 2,000 | $3.75 | .98 years | $19 |



## Text

As stock-based compensation expense recognized in the consolidated statements of operations is based on awards ultimately expected to vest, expense for grants beginning upon adoption on October 1, 2005 has been reduced for estimated forfeitures. Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. The forfeiture rates for the years ended September 30, 2019 and 2018 were based on actual forfeitures.


No cash was used to settle equity instruments granted under share-base payment arrangements in any of the years in the two-year period ended September 30, 2019.


The following tables provide summary data of stock option award activity:
## Table

|  |  |  | Year Ended December 31, |  |  |
|---|---|---|---|---|---|
|  | 2019 | 2018 | 2017 | 2016 | 2015 |
|  |  |  | (in millions, except per share data) |  |  |
| Consolidated Statements of Income Data: |  |  |  |  |  |
| Revenue | $70,697 | $55,838 | $40,653 | $27,638 | $17,928 |
| Total costs and expenses(1) | $46,711 | $30,925 | $20,450 | $15,211 | $11,703 |
| Income from operations | $23,986 | $24,913 | $20,203 | $12,427 | $6,225 |
| Income before provision for income taxes | $24,812 | $25,361 | $20,594 | $12,518 | $6,194 |
| Net income | $18,485 | $22,112 | $15,934 | $10,217 | $3,688 |
| Net income attributable to Class A and Class B common stockholders | $18,485 | $22,111 | $15,920 | $10,188 | $3,669 |
| Earnings per share attributable to Class A and Class B common stockholders: |  |  |  |  |  |
| Basic | $6.48 | $7.65 | $5.49 | $3.56 | $1.31 |
| Diluted | $6.43 | $7.57 | $5.39 | $3.49 | $1.29 |



## Text

Item 6. Selected Financial Data


You should read the following selected consolidated financial data in conjunction with Part II, Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations," and our consolidated financial statements and the related notes included in Part II, Item 8, "Financial Statements and Supplementary Data" of this Annual Report on Form 10-K.


The consolidated statements of income data for each of the years ended December 31, 2019, 2018, and 2017 and the consolidated balance sheets data as of December 31, 2019 and 2018 are derived from our audited consolidated financial statements included in Part II, Item 8, "Financial Statements and Supplementary Data" of this Annual Report on Form 10-K. The consolidated statements of income data for the years ended December 31, 2016 and 2015 and the consolidated balance sheets data as of December 31, 2017, 2016, and 2015 are derived from our audited consolidated financial statements, except as otherwise noted, that are not included in this Annual Report on Form 10-K. Our historical results are not necessarily indicative of our results in any future period.


(1) Total costs and expenses include 4,840 million, 4,150 million, 3,720 million, 3,220 million, and 2,970 million of share-based compensation for the years ended December 31, 2019, 2018, 2017, 2016, and 2015, respectively.
## Table

|  |  | Year Ended December 31, |  |
|---|---|---|---|
|  | 2019 | 2018 | 2017 |
| Service cost | $9.4 | $9.6 | $10.0 |
| Interest cost | 5.0 | 4.7 | 4.3 |
| Expected return on plan assets | (6.0) | (6.1) | (5.5) |
| Curtailment gain | — | (0.3) | — |
| Actuarial and other loss | 15.6 | 6.1 | 1.9 |
| Total net periodic pension cost | $24.0 | $14.0 | $10.7 |
| Weighted average assumptions |  |  |  |
| Discount rate used for net periodic pension costs | 1.74 % | 1.66 % | 1.60 % |
| Discount rate used for pension benefit obligations | 1.43 % | 1.74 % | 1.66 % |
| Expected return on plan assets | 3.23 % | 3.18 % | 3.22 % |
| Rate of compensation increase | 3.07 % | 3.22 % | 3.22 % |



## Text

Defined Benefit Pension Plans


The Company maintains defined benefit pension plans for employees of certain of its foreign subsidiaries. Such plans conform to local practice in terms of providing minimum benefits mandated by law, collective agreements or customary practice. The Company recognizes the aggregate amount of all overfunded plans as assets and the aggregate amount of all underfunded plans as liabilities in its financial statements.


The Company's expected long-term rate of return on plan assets is updated at least annually, taking into consideration its asset allocation, historical returns on similar types of assets and the current economic environment. For estimation purposes, the Company assumes its long-term asset mix will generally be consistent with the current mix. The Company determines its discount rates using highly rated corporate bond yields and government bond yields.


Benefits under all of the Company's plans are valued utilizing the projected unit credit cost method. The Company's policy is to fund its defined benefit plans in accordance with local requirements and regulations. The funding is primarily driven by the Company's current assessment of the economic environment and projected benefit payments of its foreign subsidiaries. The Company's measurement date for determining its defined benefit obligations for all plans is December 31 of each year.


The Company recognizes actuarial gains and losses in the period the Company's annual pension plan actuarial valuations are prepared, which generally occurs during the fourth quarter of each year, or during any interim period where a revaluation is deemed necessary.


The following is a summary of the status of the Company's foreign defined benefit pension plans and the net periodic pension cost (dollars in millions):


The long term rate of return on plan assets was determined using the weighted-average method, which incorporates factors that include the historical inflation rates, interest rate yield curve and current market conditions.
## Table

| Vessel | Built in  | Deadweight Tons   | Delivered to NAT in |
|---|---|---|---|
| Nordic Freedom | 2005 | 159,331 | 2005 |
| Nordic Moon | 2002 | 160,305 | 2006 |
| Nordic Apollo | 2003 | 159,998 | 2006 |
| Nordic Cosmos | 2003 | 159,999 | 2006 |
| Nordic Grace | 2002 | 149,921 | 2009 |
| Nordic Mistral | 2002 | 164,236 | 2009 |
| Nordic Passat | 2002 | 164,274 | 2010 |
| Nordic Vega | 2010 | 163,940 | 2010 |
| Nordic Breeze | 2011 | 158,597 | 2011 |
| Nordic Zenith | 2011 | 158,645 | 2011 |
| Nordic Sprinter | 2005 | 159,089 | 2014 |
| Nordic Skier | 2005 | 159,089 | 2014 |
| Nordic Light | 2010 | 158,475 | 2015 |
| Nordic Cross | 2010 | 158,475 | 2015 |
| Nordic Luna | 2004 | 150,037 | 2016 |
| Nordic Castor | 2004 | 150,249 | 2016 |
| Nordic Sirius | 2000 | 150,183 | 2016 |
| Nordic Pollux | 2003 | 150,103 | 2016 |
| Nordic Star | 2016 | 159,000 | 2016 |
| Nordic Space | 2017 | 159,000 | 2017 |
| Nordic Aquarius | 2018 | 157,000 | 2018 |
| Nordic Cygnus | 2018 | 157,000 | 2018 |
| Nordic Tellus | 2018 | 157,000 | 2018 |



## Text

B. Business Overview


Our Fleet


Our fleet currently consists of 23 Suezmax crude oil tankers, of which the vast majority have been built in Korea. The majority of our vessels are employed in the spot market, together with one vessel currently on a longer term time charter agreement expiring in 2021 or later. The vessels are considered homogenous and interchangeable as they have approximately the same freight capacity and ability to transport the same type of cargo.
## Table

|  | 2019 | 2018 | 2017 |
|---|---|---|---|
| Year ended 31 March | £000 | £000 | £000 |
| Fees payable to the company’s auditors and its associates for: |  |  |  |
| Audit services a,b |  |  |  |
| The audit of the parent company and the consolidated financial statements | 8,165 | 5,418 | 4,316 |
| The audit of the company’s subsidiaries | 6,061 | 5,877 | 5,675 |
|  | 14,226 | 11,295 | 9,991 |
| Audit related assurance services c | 2,236 | 1,771 | 1,865 |
| Other non-audit services |  |  |  |
| Taxation compliance services d | – | – | 366 |
| Taxation advisory services e | – | – | 111 |
| All other assurance services f | 748 | 211 | 200 |
| All other services g | 210 | 592 | 2,332 |
|  | 958 | 803 | 3,009 |
| Total services | 17,420 | 13,869 | 14,865 |



## Text

9. Audit, audit related and other non-audit services  The following fees were paid or are payable to the company’s auditors, KPMG LLP and other firms in the KPMG network, for the year ended 31 March 2019. Figures in the table below for the years ended 31 March 2017 and 2018 are in respect of fees paid to the company’s previous auditors, PricewaterhouseCoopers LLP.


a Services in relation to the audit of the parent company and the consolidated financial statements, including fees for reports under section 404 of the Sarbanes-Oxley Act. This also includes fees payable for the statutory audits of the financial statements of subsidiary companies. This excludes amounts for the audit of BT Group Employee Share Ownership Trust and Ilford Trustees (Jersey) Limited amounting to £32,000.


b During the year a further £446,000 of fees were payable to PricewaterhouseCoopers LLP in relation to the audit of 2017/18 subsidiary accounts and the audit of our restated IAS 19 accounting valuation of retirement benefit obligations, which have not been included in the 2019 balances in the above table.


c Services in relation to other statutory filings or engagements that are required by law or regulation to be carried out by an appointed auditor. This includes fees for the review of interim results, the accrued fee for the audit of the group’s regulatory financial statements and reporting associated with the group’s US debt shelf registration. d Services relating to tax returns, tax audits, monitoring and enquiries.


e Fees payable for all taxation advisory services not falling within taxation compliance. All other assurance services include fees payable to KPMG LLP for agreed upon procedures performed on the estimated impact of the new IFRS 15 revenue accounting standard, which took effect from 1 April 2018 for the 2017/18 audit. g Fees payable for all non-audit services not covered above, principally comprising other advisory services.


f All other assurance services include fees payable to KPMG LLP for agreed upon procedures performed on the estimated impact of the new IFRS 15 revenue accounting standard, which took effect from 1 April 2018 for the 2017/18 audit.


g Fees payable for all non-audit services not covered above, principally comprising other advisory services.
## Table

| (In millions) | 2019 | 2018 | 2017 |
|---|---|---|---|
| 2019 Three-year PSU Awards | $ 4.3 | $ — | $ — |
| 2018 Three-year PSU Awards | 0.2 | 2.7 | — |
| 2017 Three-year PSU Awards(1) | — | 3.7 | 9.8 |
| 2017 COO and Chief Executive Officer-Designate 2017 New Hire Equity Awards | 0.2 | 0.2 | 0.1 |
| 2016 Three-year PSU Awards(1) | — | (3.0 ) | 2.0 |
| 2016 President & CEO Inducement Award | — | — | 0.5 |
| 2015 Three-year PSU Awards | — | — | (0.8) |
| 2014 Special PSU Awards(2) | — | — | 3.2 |
| SLO Awards | 3.2 | 1.6 | 1.1 |
| Other long-term share-based incentive compensation programs(3)(4) | 26.5 | 24.7 | 32.6 |
| Total share-based incentive compensation expense(5) | $ 34.4 | $ 29.9 | $ 48.5 |
| Associated tax benefits recognized | $ 5.8 | $ 4.9 | $ 11.8 |



## Text

The following table years ended December 31, 2019, 2018 and 2017 related to the Company’s PSU awards, SLO awards and restricted stock awards.


(1) On May 18, 2017, The Organization and Compensation Committee of our Board of Directors (“O&C Committee”) approved a change in the vesting policy regarding the existing 2017 Three-year PSU Awards and 2016 Three-year PSU Awards for Ilham Kadri. The approved change resulted in a pro-rata share of vesting calculated on the close date of the sale of Diversey. Dr. Kadri’s awards were still subject to the performance metrics stipulated in the plan documents, and will be paid out in accordance with the original planned timing.


(2) The amount does not include expense related to the 2014 Special PSU awards that were settled in cash of $1.0 million in the year ended December 31, 2017.


(3) The amount includes the expenses associated with the restricted stock awards consisting of restricted stock shares, restricted stock units and cash-settled restricted stock unit awards.


(4) On August 4, 2017, the Equity Award Committee approved a change in the vesting condition regarding the existing long-term share-based compensation programs transferring to Diversey as part of the sale of Diversey. The approved change resulted in a pro-rata share of vesting calculated on the close date of the sale of Diversey. In December 2018, the Equity Award Committee approved a change in the vesting condition for certain individuals who would be leaving the Company under a phase of our Reinvent SEE Restructuring program. For both modifications, we recorded the cumulative expense of the higher fair value of the impacted awards at modification approval.


(5) The amounts do not include the expense related to our U.S. profit sharing contributions made in the form of our common stock as these contributions are not considered share-based incentive compensation.
## Table

|  | 2019 | 2018 | 2017 |
|---|---|---|---|
| Qualified Plan: |  |  |  |
| Interest cost | $19,825 | $19,463 | $19,889 |
| Expected return on plan assets | (26,334) | (26,467) | (26,811) |
| Actuarial loss | 2,754 | 3,331 | 4,455 |
| Net periodic benefit credit | $(3,755) | $(3,673) | $(2,467) |
| SERP: |  |  |  |
| Service cost | $— | $490 | $855 |
| Interest cost | 3,080 | 2,894 | 2,850 |
| Actuarial loss | 1,207 | 1,538 | 1,659 |
| Amortization of unrecognized prior service cost | 115 | 146 | 153 |
| Net periodic benefit cost | $4,402 | $5,068 | $5,517 |
| Postretirement health plans: |  |  |  |
| Interest cost | $997 | $955 | $1,003 |
| Actuarial (gain) loss | (159) | (27) | 162 |
| Net periodic benefit cost | $838 | $928 | $1,165 |



## Text

Net periodic benefit cost — The components of the fiscal year net periodic benefit cost were as follows (in thousands):


Changes in presentation —As discussed in Note 1, Nature of Operations and Summary of Significant Accounting Policies, we adopted ASU 2017-07 during the first quarter of 2019 using the retrospective method, which changed the financial statement presentation of service costs and the other components of net periodic benefit cost. The service cost component continues to be included in operating income; however, the other components are now presented in a separate line below earnings from operations captioned “Other pension and post-retirement expenses, net” in our consolidated statements of earnings. Further, in connection with the adoption, plan administrative expenses historically presented as a component of service cost are now presented as a component of expected return on plan assets. The prior year components of net periodic benefit costs and assumptions on the long-term rate of return on assets have been recast to conform to current year presentation.


Prior service costs are amortized on a straight-line basis from date of participation to full eligibility. Unrecognized gains or losses are amortized using the “corridor approach” under which the net gain or loss in excess of 10% of the greater of the PBO or the market-related value of the assets, if applicable, is amortized. For our Qualified Plan, actuarial losses are amortized over the average future expected lifetime of all participants expected to receive benefits. For our SERP, actuarial losses are amortized over the expected remaining future lifetime for inactive participants, and for our postretirement health plans, actuarial losses are amortized over the expected remaining future lifetime of inactive participants expected to receive benefits.
## Table

|  | Preliminary: September 10, 2019 | Measurement Period Adjustments | Preliminary: December 31, 2019 |
|---|---|---|---|
| Accounts and other receivable, net | $  128,221 | $  - | $  128,221 |
| Inventories | 140,678 | (900) | 139,778 |
| Property and equipment | 65,016 | (1,984) | 63,032 |
| Operating lease right-of-use assets | 60,217 | (144) | 60,073 |
| Goodwill | 143,262 | (30,222) | 113,040 |
| Intangible assets | 125,000 | (1,000) | 124,000 |
| Deferred income tax assets | 14,767 | (14,767) | — |
| Other assets | 61,511 | 2,507 | 64,018 |
| Total assets acquired | 738,672 | (46,510) | 692,162 |
| Accounts payable | 144,652 | 50 | 144,702 |
| Operating lease liability | 59,634 | 477 | 60,111 |
| Pension liability | 48,494 | 192 | 48,686 |
| Deferred income tax liabilities | 37,218 | (31,372) | 5,846 |
| Other liabilities | 80,876 | (9,312) | 71,564 |
| Total liabilities assumed | 370,874 | (39,965) | 330,909 |
| Total fair value of net assets acquired | $367,798 | $  (6,545) | $361,253 |



## Text

ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)


The following table summarizes the estimated preliminary fair values of the assets acquired and liabilities assumed from the acquisition in 2019:
## Table

|  |  |  |  |
|---|---|---|---|
| ($ in millions) |  |  |  |
|  | Gross |  | Net |
|  | Carrying | Accumulated | Carrying |
| At December 31, 2019:* | Amount | Amortization | Amount |
| Intangible asset class |  |  |  |
| Capitalized software | $ 1,749 | $  (743) | $ 1,006 |
| Client relationships | 8,921 | (1,433) | 7,488 |
| Completed technology | 6,261 | (1,400) | 4,861 |
| Patents/trademarks | 2,301 | (445) | 1,856 |
| Other** | 56 | (31) | 24 |
| Total | $19,287 | $(4,052) | $15,235 |
| ($ in millions) |  |  |  |
|  | Gross |  | Net |
|  | Carrying | Accumulated | Carrying |
| At December 31, 2018: | Amount | Amortization | Amount |
| Intangible asset class |  |  |  |
| Capitalized software | $1,568 | $  (629) | $  939 |
| Client relationships | 2,068 | (1,123) | 945 |
| Completed technology | 2,156 | (1,296) | 860 |
| Patents/trademarks | 641 | (330) | 311 |
| Other** | 56 | (23) | 32 |
| Total | $6,489 | $(3,402) | $3,087 |



## Text

Intangible Assets


The following table presents the company’s intangible asset balances by major asset class.


* Amounts as of December 31, 2019 include a decrease of $42 million in net intangible asset balances due to foreign currency translation. There was no foreign currency impact on net intangible assets for the year ended December 31, 2018.


** Other intangibles are primarily acquired proprietary and nonproprietary business processes, methodologies and systems.