feyninc/tacha huggingface dataset:
## Table

| Year Ending March 31, | Capital Leases | Facility Leases | Data Centers |
|---|---|---|---|
| 2020 | $ 918 | $ 10,649 | $ 21,216 |
| 2021 | 1,102 | 15,186 | 17,427 |
| 2022 | 326 | 14,111 | 13,010 |
| 2023 | — | 13,825 | 2,774 |
| 2024 | — | 13,686 | 356 |
| Thereafter   | — | 59,502 | — |
| Total minimum lease payments  | $ 2,346 | $ 126,959 | $ 54,783 |
| Less: Amount representing interest   | (121) |  |  |
| Present value of capital lease obligations   | 2,225 |  |  |
| Less: Current portion   | (844) |  |  |
| Long-term portion of capital lease obligations  | $1,381 |  |  |



## Text

12. Commitments and Contingencies


The Company leases its facilities under non-cancelable operating leases and build-to-suit leases with various expiration dates through March 2029. Rent expense related to the Company’s office facilities was $5.3 million, $4.8 million and $3.2 million for the years ended March 31, 2019, 2018 and 2017, respectively. The Company has also entered into various capital lease agreements for computer equipment with non-cancelable terms through January 2022 and has non-cancelable commitments related to its data centers.


Future minimum payments for our capital leases, facility operating leases (including Lexington MA – U.S. build-to-suit lease) and data center operating leases as of March 31, 2019 are as follows:


Certain amounts included in the table above relating to data center operating leases for the Company’s servers include usage-based charges in addition to base rent.


Future lease payments in the table above do not include amounts due to the Company for future minimum sublease rental income of $0.6 million under non-cancelable subleases through 2020.


The Company has outstanding letters of credit of $3.9 million and $3.8 million related to certain operating leases as of March 31, 2019 and 2018, respectively.
## Table

|  | Preliminary | Measurement |  |
|---|---|---|---|
|  | Allocation | Period | Final Allocation |
| (In millions) | As of August 1, 2018 | Adjustments | As of September 30, 2019 |
| Total consideration transferred | $ 70.8 | $ 3.3 | $ 74.1 |
| Assets: |  |  |  |
| Cash and cash equivalents | 2.9 | 0.4 | 3.3 |
| Trade receivables, net | 30.8 | — | 30.8 |
| Inventories, net | 7.1 | — | 7.1 |
| Prepaid expenses and other current assets | 0.7 | — | 0.7 |
| Property and equipment, net | 3.5 | (0.4) | 3.1 |
| Identifiable intangible assets, net | 18.6 | 0.7 | 19.3 |
| Goodwill | 21.6 | 1.0 | 22.6 |
| Other non-current assets | 0.7 | (0.4) | 0.3 |
| Total assets | $ 85.9 | $ 1.3 | $ 87.2 |
| Liabilities: |  |  |  |
| Current portion of long-term debt | — | 0.1 | 0.1 |
| Accounts payable | 13.8 | (2.2) | 11.6 |
| Other current liabilities | 1.3 | (0.1) | 1.2 |
| Long-term debt, less current portion | — | 0.2 | 0.2 |
| Total liabilities | $ 15.1 | $ (2.0) | $ 13.1 |



## Text

Acquisition of AFP


On August 1, 2018, the Company acquired AFP, Inc., a privately held fabricator of foam, corrugated, molded pulp and wood packaging solutions, to join its Product Care division. This acquisition expands our protective packaging offerings in the electronic, transportation and industrial markets with custom engineered applications. We acquired 100% of AFP shares for an estimated consideration of $74.1 million, excluding $3.3 million of cash acquired.


The following table summarizes the consideration transferred to acquire AFP and the final allocation of the purchase price among the assets acquired and liabilities assumed.
## Table

|  |  | Sep 30, |  |
|---|---|---|---|
| (in millions of €) | 2019 | 2018 | % Change |
| Cash and cash equivalents | 12,391 | 11,066 | 12 % |
| Trade and other receivables | 18,894 | 18,455 | 2 % |
| Other current financial assets | 10,669 | 9,427 | 13 % |
| Contract assets | 10,309 | 8,912 | 16 % |
| Inventories | 14,806 | 13,885 | 7 % |
| Current income tax assets | 1,103 | 1,010 | 9 % |
| Other current assets | 1,960 | 1,707 | 15 % |
| Assets classified as held for disposal | 238 | 94 | 154 % |
| Total current assets | 70,370 | 64,556 | 9 % |
| Goodwill | 30,160 | 28,344 | 6 % |
| Other intangible assets | 9,800 | 10,131 | (3) % |
| Property, plant and equipment | 12,183 | 11,381 | 7 % |
| Investments accounted for using the equity method | 2,244 | 2,579 | (13) % |
| Other financial assets | 19,843 | 17,774 | 12 % |
| Deferred tax assets | 3,174 | 2,341 | 36 % |
| Other assets | 2,475 | 1,810 | 37 % |
| Total non-current assets | 79,878 | 74,359 | 7 % |
| Total assets | 150,248 | 138,915 | 8 % |



## Text

A.5 Net assets position


Our total assets at the end of fiscal 2019 were influenced by positive currency translation effects of € 4.0 billion (mainly goodwill), primarily involving the U. S. dollar.


The increase in other current financial assets was driven by higher loans receivable at SFS, which were mainly due to new business and reclassification of non-current loans receivable from other financial assets. While higher loans receivable and receivables from finance leases from new business at SFS contributed also to growth in other financial assets, a large extent of the overall increase resulted from increased fair values of derivative financial instruments.


Inventories increased in several industrial businesses, with the build-up most evident at SGRE, Mobility and Siemens Healthineers.


Assets classified as held for disposal increased mainly due to reclassification of two investments from investments accounted for using the equity method.


The increase in goodwill included the acquisition of Mendix.


Deferred tax assets increased mainly due to income tax effects related to remeasurement of defined benefits plans.


The increase in other assets was driven mainly by higher net defined benefit assets from actuarial gains.
## Table

|  |  | Year Ended December 31,    |  |
|---|---|---|---|
|  | 2019 | 2018 | 2017 |
| Current:                          |  |  |  |
| Federal    | $ 18,682 | $ 22,606 | $ 53,998 |
| State      | 5,711 | 6,182 | 6,595 |
| Foreign      | 7,323 | 7,018 | 6,185 |
|  | 31,716 | 35,806 | 66,778 |
| Deferred:                          |  |  |  |
| Federal      | (863 )     | (3,127 )     | 1,590 |
| State      | (326 )     | (674 )     | 35 |
| Foreign      | (212 )     | (464 )     | (51 )  |
|  | (1,401 )     | (4,265 )     | 1,574 |
| Total   | $ 30,315 | $ 31,541 | $ 68,352 |



## Text

The components of our income tax provision for the years ended December 31, 2019, 2018 and 2017 are as follows (in thousands):


As a result of a loss in a foreign location, we have a net operating loss carry-forward (“NOL”) of approximately $0.3 million
available to offset future income. All $0.3 million of the NOL expires in 2025. We have established a valuation allowance for this
NOL because the ability to utilize it is not more likely than not.


We have tax credit carry-forwards of approximately $5.1 million available to offset future state tax. These tax credit carry-forwards
expire in 2020 to 2029. These credits represent a deferred tax asset of $4.0 million after consideration of the federal benefit of state tax
deductions. A valuation allowance of $1.8 million has been established for these credits because the ability to use them is not more
likely than not.


At December 31, 2019 we had approximately $58.2 million of undistributed earnings and profits. The undistributed earnings and
profits are considered previously taxed income and would not be subject to U.S. income taxes upon repatriation of those earnings, in
the form of dividends. The undistributed earnings and profits are considered to be permanently reinvested, accordingly no provision
for local withholdings taxes have been provided, however, upon repatriation of those earnings, in the form of dividends, we could be
subject to additional local withholding taxes.
## Table

| For the quarters and years ended December 31 | Quarters ended |  | Yeas ended |  |
|---|---|---|---|---|
| ($ millions) | 2019 | 2018 | 2019 | 2018 |
| Weston Foods adjusted EBITDA(1) | 56 | 59 | 223 | 233 |
| Weston Foods capital expenditures | (70) | (91) | (194) | (212) |
| Distributions from Choice Properties | 82 | 43 | 325 | 43 |
| Dividends from Loblaw | – | – | 233 | 212 |
| Weston Foods income taxes paid | – | (2) | (7) | (32) |
| Other | 64 | 21 | (41) | (23) |
| GWL Corporate cash flow from operating businesses (1) | 132 | 30 | 539 | 221 |
| GWL Corporate and financing costs (i) | (24) | (33) | (109) | (108) |
| Income taxes paid | (4) | (2) | (19) | (14) |
| GWL Corporate free cash flow (1) | 104 | (5) | 411 | 99 |



## Text

GWL Corporate Free Cash Flow(1)


Following the reorganization of Choice Properties to GWL, management evaluates the cash generating capabilities of GWL Corporate(2) based on the various cash flow streams it receives from its operating subsidiaries. As a result, the GWL Corporate free cash flow(1) is based on the dividends received from Loblaw, distributions received from Choice Properties and net cash flow contributions received from Weston Foods less corporate expenses, interest and income taxes paid. Lease payments are excluded from the calculation of GWL Corporate free cash flow(1) to normalize for the impact of the implementation of IFRS 16.


(i) Included in Other and Intersegment, GWL Corporate includes all other company level activities that are not allocated to the reportable operating segments, such as net interest expense, corporate activities and administrative costs. Also included are preferred share dividends paid.
## Table

|  | Level 1 | Level 2 | Level 3 | Total |
|---|---|---|---|---|
| Cash and cash equivalents | $0.7 | $77.7 | $— | $78.4 |
| Equity securities: |  |  |  |  |
| U.S. equity securities | 56.3 | 91.8 | — | 148.1 |
| International equity securities | 87.8 | 0.4 | — | 88.2 |
| Fixed income securities: |  |  |  |  |
| Government bonds | — | 748.3 | — | 748.3 |
| Corporate bonds | — | 2,255.5 | — | 2,255.5 |
| Mortgage-backed bonds | — | 31.1 | — | 31.1 |
| Real estate funds | 0.4 | — | — | 0.4 |
| Net receivables for unsettled transactions | 5.6 | — | — | 5.6 |
| Fair value measurement of pension plan assets in the fair value hierarchy | $150.8 | $3,204.8 | $— | $3,355.6 |
| Investments measured at net asset value |  |  |  | 245.9 |
| Total pension plan assets |  |  |  | $3,601.5 |



## Text

Plan Assets  The fair value of plan assets, summarized by level within the fair value hierarchy described in Note 20, as of May 26, 2019, was as follows:


Level 1 assets are valued based on quoted prices in active markets for identical securities. The majority of the Level 1 assets listed above include the common stock of both U.S. and international companies, mutual funds, master limited partnership units, and real estate investment trusts, all of which are actively traded and priced in the market.


Level 2 assets are valued based on other significant observable inputs including quoted prices for similar securities, yield curves, indices, etc. Level 2 assets consist primarily of individual fixed income securities where values are based on quoted prices of similar securities and observable market data.


Level 3 assets consist of investments where active market pricing is not readily available and, as such, fair value is estimated using significant unobservable inputs.


Certain assets that are measured at fair value using the NAV (net asset value) per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. Such investments are generally considered long-term in nature with varying redemption availability. For certain of these investments, with a fair value of approximately $51.0 million as of May 26, 2019, the asset managers have the ability to impose customary redemption gates which may further restrict or limit the redemption of invested funds therein. As of May 26, 2019, funds with a fair value of $4.2 million have imposed such gates.


As of May 26, 2019, we have unfunded commitments for additional investments of $48.3 million in private equity funds and $17.0 million in natural resources funds. We expect unfunded commitments to be funded from plan assets rather than the general assets of the Company.


Notes to Consolidated Financial Statements - (Continued) Fiscal Years Ended May 26, 2019, May 27, 2018, and May 28, 2017 (columnar dollars in millions except per share amounts)
## Table

|  |  | Year Ended December 31, |  |
|---|---|---|---|
| (In millions) | 2019 | 2018 | 2017 |
| Net Sales |  |  |  |
| Food Care | $ 2,880.5 | $ 2,908.1 | $ 2,815.2 |
| As a % of Total Company net sales | 60.1% | 61.4% | 63.1% |
| Product Care | 1,910.6 | 1,824.6 | 1,646.4 |
| As a % of Total Company net sales | 39.9% | 38.6% | 36.9% |
| Total Company Net Sales | $ 4,791.1 | $ 4,732.7 | $ 4,461.6 |
|  |  |  |  |
|  |  | Year Ended December 31, |  |
| (In millions) | 2019 | 2018 | 2017 |
| Adjusted EBITDA from continuing operations |  |  |  |
| Food Care | $ 629.3 | $ 577.8 | $ 538.1 |
| Adjusted EBITDA Margin | 21.8% | 19.9% | 19.1% |
| Product Care | 349.9 | 318.6 | 292.2 |
| Adjusted EBITDA Margin | 18.3% | 17.5% | 17.7% |
| Corporate | (14.4) | (6.9) | 3.0 |
| Total Company Adjusted EBITDA from continuing operations | $ 964.8 | $ 889.5 | $ 833.3 |
| Adjusted EBITDA Margin | 20.1% | 18.8% | 18.7% |



## Text

Note 6 Segments


The Company’s segment reporting structure consists of two reportable segments and a Corporate category as follows: • Food Care; and • Product Care.


The Company’s Food Care and Product Care segments are considered reportable segments under FASB ASC Topic 280. Our reportable segments are aligned with similar groups of products. Corporate includes certain costs that are not allocated to or monitored by the reportable segments' management. The Company evaluates performance of the reportable segments based on the results of each segment. The performance metric used by the Company's chief operating decision maker to evaluate performance of our reportable segments is Adjusted EBITDA. The Company allocates expense to each segment based on various factors including direct usage of resources, allocation of headcount, allocation of software licenses or, in cases where costs are not clearly delineated, costs may be allocated on portion of either net trade sales or an expense factor such as cost of goods sold.


We allocate and disclose depreciation and amortization expense to our segments, although depreciation and amortization are not included in the segment performance metric Adjusted EBITDA. We also allocate and disclose restructuring charges and impairment of goodwill and other intangible assets by segment. However, restructuring charges and goodwill are not included in the segment performance metric Adjusted EBITDA since they are categorized as certain specified items (“Special Items”), in addition to certain transaction and other charges and gains related to acquisitions and divestitures and certain other specific items excluded from the calculation of Adjusted EBITDA. The accounting policies of the reportable segments and Corporate are the same as those applied to the Consolidated Financial Statements.


The following tables show Net Sales and Adjusted EBITDA by reportable segment:
## Table

|  |  | Year ended December 31, |  |
|---|---|---|---|
|  | 2019 | 2018 | 2017 |
| Revenues | $1,177.2 | $1,114.0 | $1,051.6 |
| Expenses: |  |  |  |
| Operating expenses | 646.0 | 625.4 | 569.5 |
| Depreciation and amortization | 236.2 | 217.0 | 206.5 |
| Transition and integration costs | 5.4 | 6.6 | 13.1 |
| Total expenses | 887.6 | 849.0 | 789.1 |
| Operating income | 289.6 | 265.0 | 262.5 |
| Operating margin | 24.6% | 23.8% | 25.0% |
| Interest expense, net | (63.5) | (51.7) | (57.5) |
| Other expense, net | (1.4) | (7.1) | (12.6) |
| Earnings before income taxes and equity in losses of unconsolidated affiliates | 224.7 | 206.2 | 192.4 |
| Income tax expense (benefit) | 41.9 | 37.7 | (61.8) |
| Earnings before equity in losses of unconsolidated affiliates | 182.8 | 168.5 | 254.2 |
| Equity in losses of unconsolidated affiliates, net of tax | (74.0) | — | — |
| Net earnings | $108.8 | $168.5 | $254.2 |
| Earnings per share: |  |  |  |
| Net earnings per share attributable to Black Knight common shareholders: |  |  |  |
| Diluted | $0.73 | $1.14 | $1.47 |
| Weighted average shares of common stock outstanding: |  |  |  |
| Diluted | 148.6 | 148.2 | 152.4 |



## Text

Results of Operations


Consolidated Results of Operations


The following tables present certain financial data for the periods indicated (dollars in millions):
## Table

|  |  | For the Year Ended December 31, |  |  |
|---|---|---|---|---|
|  | 2018 | 2017 | Change | % Change |
|  |  | (In millions, except percentages) |  |  |
| Revenues | $82.3 | $50.5 | $31.8 | 63% |
| Cost of revenues | 15.3 | 6.0 | 9.3 | 155% |
| Gross profit | 67.0 | 44.5 | 22.5 | 51% |
| Gross margin | 81% | 88% |  |  |
| Operating expenses: |  |  |  |  |
| Selling, general and administrative | 32.2 | 28.6 | 3.6 | 13% |
| Research and development | 2.1 | 1.5 | 0.6 | 40% |
| Total operating expenses | 34.3 | 30.1 | 4.2 | 14% |
| Other income (expense) | (4.0) | 2.2 | (6.2) | (282)% |
| Income before income taxes | 28.7 | 16.6 | 12.1 | 73% |
| Income tax provision (benefit) | 8.0 | (6.2) | 14.2 | (229)% |
| Net income | $20.7 | $22.8 | $(2.1) | (9)% |



## Text

Year ended December 31, 2018 compared with the year ended December 31, 2017:


Revenue in 2018 is derived from multiple license agreements that we entered into with third-parties following negotiations pursuant to our patent licensing and enforcement program. The revenue increase is primarily due to licensing revenues, as further described in "Item 1. Business" - "Licensing and Enforcement - Current Activities, Post 2013".


Cost of revenues includes contingent legal fees directly associated with our licensing and enforcement programs. Cost of revenues increased largely in proportion to increase in revenues.


Selling, general and administrative expenses ("SG&A") consisted primarily of legal fees incurred in operations and employee headcount related expenses. These comprise approximately 74% of total SG&A expense. Litigation expenses increased $4.2 million to $16.5 million in 2018 compared to 2017 and are primarily due to the timing of various outstanding litigation actions. See "Item 3. Legal Proceedings". Employee headcount related expenses increased $1.8 million to $7.2 million in 2018 compared to 2017, and is primarily due to incentive bonuses earned during the year. The balance of SG&A expenses include consulting, other professional services, facilities and other administrative fees and expenses.


Research and Development expenses ("R&D") are primarily from our Finjan Mobile security business and increased by $0.6 million to $2.1 million in 2018 compared to 2017, as we continue to position this business for future growth.


Other income (expense) is primarily due to changes in the fair value of the warrant liability of $3.4 million in 2018 versus a benefit of $2.2 million in 2017, and interest expense of $0.6 million in 2018, net.


We recognized an income tax expense of $8.1 million on pre-tax income of $28.7 million in 2018 as compared to a benefit from the reduction in the valuation allowance of $6.2 million in 2017.
## Table

|  |  | Charged |  |  |  |
|---|---|---|---|---|---|
|  |  | (credited) |  |  |  |
|  | Balance at | to costs |  |  | Balance at |
|  | beginning | and |  |  | end of |
|  | of year | expenses | Deductions | Other | year |
| Allowance for doubtful accounts: |  |  |  |  |  |
| Fiscal 2017 | 622 | 541 | (201) | - | 962 |
| Fiscal 2018 | 962 | 685 | (461) | - | 1,186 |
| Fiscal 2019 | 1,186 | 1,230 | (660) |  | 1,756 |
| Warranty reserve: |  |  |  |  |  |
| Fiscal 2017 (1) | 1,892 | 1,305 | (2,562) | 5,883 | 6,518 |
| Fiscal 2018 | 6,518 | 1,331 | (2,115) | - | 5,734 |
| Fiscal 2019 | 5,734 | 1,126 | (5,462) |  | 1,398 |
| Deferred tax assets valuation allowance: |  |  |  |  |  |
| Fiscal 2017 (1) | 1,618 | 1,391 | - | 3,578 | 6,587 |
| Fiscal 2018 (2) | 6,587 | - | (4,835) | 15,092 | 16,844 |
| Fiscal 2019 | 16,844 | 799 | (6,714) | - | 10,929 |



## Text

Valuation and Qualifying Accounts


Following is our schedule of valuation and qualifying accounts for the last three years (in thousands):


(1) Amounts under “Other” represent the reserves and valuation allowance assumed in acquisition of LoJack.
The warranty reserve is included in the Other Current Liabilities in the consolidated balance sheets.


(2) Amount under “Other” represents the valuation allowance previously netted against deferred tax assets of foreign net deferred tax assets not recorded on the balance sheet, which were disclosed narratively in the fiscal 2018 Form 10-K (see Note 12). Deferred tax assets and valuation allowances were grossed up by $15.1 million.
## Table

|  | 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 |



## Text

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.
## Table

|  |  |  | (In Thousands, Except Per Share Data) |  |  |
|---|---|---|---|---|---|
|  |  |  | YEAR ENDED JUNE 30, |  |  |
| Income Statement Data | 2019 | 2018 | 2017 | 2016 | 2015 |
|  |  |  |  | *Unadjusted | *Unadjusted |
| Revenue (1) | $1,552,691 | $1,470,797 | $1,388,290 | $1,354,646 | $1,256,190 |
| Net Income | $271,885 | $365,034 | $229,561 | $248,867 | $211,221 |
| Basic earnings per share | $3.52 | $4.73 | $2.95 | $3.13 | $2.60 |
| Diluted earnings per share | $3.52 | $4.70 | $2.93 | $3.12 | $2.59 |
| Dividends declared per share | $1.54 | $1.36 | $1.18 | $1.06 | $0.94 |
| Balance Sheet Data |  |  |  |  |  |
| Total deferred revenue | $394,306 | $369,915 | $368,151 | $521,054 | $531,987 |
| Total assets | $2,184,829 | $2,033,058 | $1,868,199 | $1,815,512 | $1,836,835 |
| Long-term debt | $— | $— | $50,000 | $— | $50,102 |
| Stockholders’ equity | $1,429,013 | $1,322,844 | $1,099,693 | $996,210 | $991,534 |



## Text

SELECTED FINANCIAL DATA


The following data should be read in conjunction with the consolidated financial statements and accompanying notes included elsewhere in the Annual Report on Form 10-K. Fiscal 2018 and 2017 have been recast to reflect the Company’s retrospective adoption of Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers, and related amendments, collectively referred to as Accounting Standards Codification (“ASC”) 606. Fiscal 2016 and 2015 were not recast. Net income for fiscal 2018 and 2019 has been impacted by the reduced U.S. corporate tax rate enacted by the Tax Cuts and Jobs Act (“TCJA”) of 2017, and fiscal 2018 net income contains the related adjustment for the re-measurement of deferred taxes. Acquisitions have affected revenue and net income in fiscal 2019 as well as the historical periods presented.


(1) Revenue includes license sales, support and service revenues, and hardware sales, less returns and allowances.