feyninc/tacha huggingface dataset:
## Table

| ($ in millions) |  |  |  |
|---|---|---|---|
| For the year ended December 31: | 2019 | 2018 | Yr.-to-Yr. Percent Change |
| Retirement-related plans—cost |  |  |  |
| Service cost | $385 | $431 | (10.7)% |
| Multi-employer plans | 32 | 38 | (16.9) |
| Cost of defined contribution plans | 1,040 | 1,024 | 1.5 |
| Total operating costs/ (income) | $1,457 | $1,494 | (2.5)% |
| Interest cost | $2,929 | $2,726 | 7.4% |
| Expected return on plan assets | (4,192) | (4,049) | 3.5 |
| Recognized actuarial losses | 1,819 | 2,941 | (38.2) |
| Amortization of prior service costs/(credits) | (9) | (73) | (87.6) |
| Curtailments/settlements | 41 | 11 | 262.2 |
| Other costs | 28 | 16 | 76.2 |
| Total non-operating costs/(income) | $615 | $1,572 | (60.9)% |
| Total retirement-related plans—cost | $2,072 | $3,066 | (32.4)% |



## Text

Retirement-Related Plans


The following table provides the total pre-tax cost for all retirement-related plans. Total operating costs/(income) are included in the Consolidated Income Statement within the caption (e.g., Cost, SG&A, RD&E) relating to the job function of the plan participants.


Total pre-tax retirement-related plan cost decreased by $994 million compared to 2018, primarily driven by a decrease in recognized actuarial losses ($1,123 million), primarily due to the change in the amortization period in the U.S. Qualified Personal Pension Plan and higher expected return on plan assets ($143 million), partially offset by higher interest costs ($203 million).


As discussed in the “Operating (non-GAAP) Earnings” section, we characterize certain retirement-related costs as operating and others as non-operating. Utilizing this characterization, operating retirement-related costs in 2019 were $1,457 million, a decrease of $37 million compared to 2018. Non-operating costs of $615 million in 2019 decreased $957 million year to year, driven primarily by the same factors as above.
## Table

|  | As reported December 31, 2018 | Effect of ASC 606 adoption | Amounts without adoption of ASC 606 December 31, 2018 |
|---|---|---|---|
| Trade receivables, net | $172.3 | $6.9 | $179.2 |
| Prepaid expenses and other current assets | 67.3 | (14.4) | 52.9 |
| Receivables from related parties | 6.2 | 4.8 | 11.0 |
| Computer software, net | 405.6 | (3.7) | 401.9 |
| Deferred contract costs, net | 161.3 | (17.2) | 144.1 |
| Other non-current assets | 125.6 | (7.0) | 118.6 |
| Total assets | 3,653.4 | (30.6) | 3,622.8 |
| Deferred revenues (current) | 52.9 | 4.1 | 57.0 |
| Deferred revenues (non-current) | 106.8 | (4.3) | 102.5 |
| Deferred income taxes | 220.9 | (8.1) | 212.8 |
| Total liabilities | 1,866.9 | (8.3) | 1,858.6 |
| Retained earnings | 381.1 | (22.3) | 358.8 |
| Total equity | 1,786.5 | (22.3) | 1,764.2 |
| Total liabilities and equity | 3,653.4 | (30.6) | 3,622.8 |



## Text

Effect of ASC 606 as of December 31, 2018 and for the Year Ended December 31, 2018


The following table summarizes the effect of adopting ASC 606 on our Consolidated Balance Sheet (in millions):
## Table

|  |  | Fiscal |  |
|---|---|---|---|
|  | 2019 | 2018 | 2017 |
|  |  | (in millions) |  |
| Current income tax expense (benefit): |  |  |  |
| U.S.: |  |  |  |
| Federal | $ (28) | $ 20 | $ (9) |
| State | 2 | 21 | 9 |
| Non-U.S. | 229 | 406 | 322 |
|  | 203 | 447 | 322 |
| Deferred income tax expense (benefit): |  |  |  |
| U.S.: |  |  |  |
| Federal | (25) | 499 | (119) |
| State | (8) | (30) | (15) |
| Non-U.S. | (185) | (1,260) | (8) |
|  | (218) | (791) | (142) |
| Income tax expense (benefit) | $ (15) | $ (344) | $ 180 |



## Text

Income Tax Expense (Benefit)


Significant components of the income tax expense (benefit) were as follows:
## Table

|  | DECEMBER 31, 2018 AS REPORTED | IFRS 16 IMPACTS | JANUARY 1, 2019 UPON ADOPTION OF IFRS 16 |
|---|---|---|---|
| Prepaid expenses | 244 | (55) | 189 |
| Other current assets | 329 | 9 | 338 |
| Property, plant and equipment | 24,844 | 2,257 | 27,101 |
| Other non-current assets | 847 | 17 | 864 |
| Trade payables and other liabilities | 3,941 | (10) | 3,931 |
| Debt due within one year | 4,645 | 293 | 4,938 |
| Long-term debt | 19,760 | 2,011 | 21,771 |
| Deferred tax liabilities | 3,163 | (7) | 3,156 |
| Other non-current liabilities | 997 | (39) | 958 |
| Deficit | (4,937) | (19) | (4,956) |
| Non-controlling interest | 326 | (1) | 325 |



## Text

ADOPTION OF IFRS 16


Upon adoption of IFRS 16 on January 1, 2019, we recognized right-of-use assets of $2,257 million within property, plant and equipment, and lease liabilities of $2,304 million within debt, with an increase to our deficit of $19 million. These amounts were recognized in addition to assets under finance leases of $1,947 million and the corresponding finance lease liabilities of $2,097 million at December 31, 2018 under IAS 17. As a result, on January 1, 2019, our total right-of-use assets and lease liabilities amounted to $4,204 million and $4,401 million, respectively. The table below shows the impacts of adopting IFRS 16 on our January 1, 2019 consolidated statement of financial position.


BCE’s operating lease commitments at December 31, 2018 were $1,612 million. The difference between operating lease commitments at December 31, 2018 and lease liabilities of $2,304 million upon adoption of IFRS 16 at January 1, 2019, is due mainly to an increase of $1,122 million related to renewal options reasonably certain to be exercised, an increase of $112 million mainly related to non-monetary transactions and a decrease of ($542) million as a result of discounting applied to future lease payments, which was determined using a weighted average incremental borrowing rate of 3.49% at January 1, 2019.
## Table

|  |  | December 31, |  |  |
|---|---|---|---|---|
| Selected Consolidated Balance Sheet Data: | 2019 | 2018 | 2017 | 2016 |
| Cash and cash equivalents | $195,760 | $303,390 | $224,614 | $185,243 |
| Restricted cash | 250,081 | 155,109 | 129,224 | 42,871 |
| Loan receivables held for sale, net | 51,926 | 2,876 | 73,606 | 41,268 |
| Deferred tax assets, net | 364,841 | 306,979 | — | — |
| Total assets | 951,048 | 802,905 | 462,889 | 302,205 |
| Finance charge reversal liability | 206,035 | 138,589 | 94,148 | 68,064 |
| Term loan | 384,497 | 386,822 | 338,263 | — |
| Tax receivable agreement liability | 311,670 | 260,901 | — | — |
| Total liabilities | 1,005,991 | 837,670 | 488,928 | 89,995 |
| Total temporary equity | — | — | 430,348 | 335,720 |
| Noncontrolling interest | (80,758) | (60,349) | — | — |
| Total permanent equity (deficit) | (54,943) | (34,765) | (456,387) | (123,510) |
| Total liabilities, temporary equity and permanent equity (deficit) | 951,048 | 802,905 | 462,889 | 302,205 |



## Text

ITEM 6. SELECTED FINANCIAL DATA (Dollars in thousands, except per share data and unless otherwise indicated)


The Selected Consolidated Statements of Operations Data for the years ended December 31, 2019, 2018 and 2017 and the Selected Consolidated Balance Sheet Data as of December 31, 2019 and 2018 were derived from our Consolidated Financial Statements included in Item 8 of this Form 10-K. The Selected Consolidated Statements of Operations Data for the years ended December 31, 2016 and 2015 and the Selected Consolidated Balance Sheet Data as of December 31, 2017 and 2016 were derived from our audited Consolidated Financial Statements not included in this Form 10-K. Our historical results are not necessarily indicative of the results to be expected in the future. You should read the following financial information together with the information under Item 7 "Management's Discussion and Analysis of Financial Condition and Results of Operations" and the Consolidated Financial Statements and related notes included in Item 8.


GS Holdings and GSLLC are our predecessors for accounting purposes and, accordingly, amounts prior to the Reorganization Transactions and IPO represent the historical consolidated operations of either GS Holdings or GSLLC and its subsidiaries. The amounts as of December 31, 2019 and 2018 and during the period from May 24, 2018 through December 31, 2019 represent those of consolidated GreenSky, Inc. and its subsidiaries. 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 to the Notes to Consolidated Financial Statements in Item 8 for further information on our organization.
## Table

|  |  | Quarter Ended |  |  |
|---|---|---|---|---|
|  | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 |
| Sales, net | $  338,268 | $  175,127 | $ 134,810 | $ 140,743 |
| Gross Profit | $112,295 | $73,491 | $64,126 | $65,740 |
| Restructuring Expense | $1,418 | $152 | $1,795 | $1,673 |
| Operating income | $22,202 | $9,390 | $11,005 | $11,791 |
| Income from continuing operations, net of income taxes | $  10,479 | $  7,256 | $ 23,373 | $ 15,387 |
| Loss (income) from discontinued operations, net of income taxes | $  (210) | $  375 | $ 8,324 | $ (9) |
| Net Income | $  10,269 | $  7,631 | $ 31,697 | $ 15,378 |
| Income from continuing operations attributable to noncontrolling interest | $  5 | $  10 | $ 11 | $ 8 |
| Net income attributable to Advanced Energy Industries, Inc. | $  10,264 | $  7,621 | $ 31,686 | $ 15,370 |
| Earnings (Loss) Per Share: |  |  |  |  |
| Continuing Operations: |  |  |  |  |
| Basic earnings per share | $  0.27 | $  0.19 | $ 0.61 | $ 0.40 |
| Diluted earnings per share | $  0.27 | $  0.19 | $ 0.61 | $ 0.40 |
| Discontinued Operations: |  |  |  |  |
| Basic loss per share | $  (0.01) | $  0.01 | $ 0.22 | $ — |
| Diluted loss per share | $  (0.01) | $  0.01 | $ 0.22 | $ — |
| Net Income: |  |  |  |  |
| Basic earnings per share | $  0.27 | $  0.20 | $ 0.83 | $ 0.40 |
| Diluted earnings per share | $  0.27 | $  0.20 | $ 0.82 | $ 0.40 |



## Text

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


NOTE 23. SUPPLEMENTAL QUARTERLY FINANCIAL DATA (UNAUDITED)


The following tables present unaudited quarterly results for each of the eight quarters in the periods ended December 31, 2019 and 2018, in thousands. We believe that all necessary adjustments have been included in the amounts stated below to present fairly such quarterly information. Due to the volatility of the industries in which our customers operate, the operating results for any quarter are not necessarily indicative of results for any subsequent period.
## Table

|  |  | Year Ended December 31, 2018 |  |
|---|---|---|---|
|  | Reported Balances | Impact of ASC 606 | ASC 605 Historical Adjusted Balances |
|  |  | (Dollars in millions, except per share amounts and shares in thousands) |  |
| Operating revenue | $23,443 | 39 | 23,482 |
| Cost of services and products (exclusive of depreciation and amortization) | 10,862 | 22 | 10,884 |
| Selling,general and administrative | 4,165 | 71 | 4,236 |
| Interest expense | 2,177 | (9) | 2,168 |
| Income tax expense | 170 | (12) | 158 |
| Net loss | (1,733) | (33) | (1,766) |
| BASIC AND DILUTED LOSS PER COMMON SHARE |  |  |  |
| BASIC | $(1.63) | (0.03) | (1.66) |
| DILUTED | $(1.63) | (0.03) | (1.66) |
| WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING |  |  |  |
| BASIC | 1,065,866 | - | 1,065,866 |
| DILUTED | 1,065,866 | - | 1,065,866 |



## Text

(5) Revenue Recognition


The following tables present our reported results under ASC 606 and a reconciliation to results using the historical accounting method:
## Table

|  |  |  | Year ended December 31, 2017 |  |  |
|---|---|---|---|---|---|
|  | Software Solutions | Data and Analytics | Corporate and Other |  | Total |
| Revenues | $904.5 | $151.6 | $(4.5) | (1) | $1,051.6 |
| Expenses: |  |  |  |  |  |
| Operating expenses | 388.0 | 113.2 | 68.3 | (2) | 569.5 |
| Transition and integration costs | — | — | 13.1 | (7) | 13.1 |
| EBITDA | 516.5 | 38.4 | (85.9) |  | 469.0 |
| Depreciation and amortization | 101.2 | 12.8 | 92.5 | (4) | 206.5 |
| Operating income (loss) | 415.3 | 25.6 | (178.4) |  | 262.5 |
| Interest expense, net |  |  |  |  | (57.5) |
| Other expense, net |  |  |  |  | (12.6) |
| Earnings before income taxes |  |  |  |  | 192.4 |
| Income tax benefit |  |  |  |  | (61.8) |
| Net earnings |  |  |  |  | $254.2 |
| Balance sheet data: |  |  |  |  |  |
| Total assets | $3,223.5 | $304.7 | $127.7 | (6) | $3,655.9 |
| Goodwill | $2,134.7 | $172.1 | $— |  | $2,306.8 |



## Text

Summarized financial information concerning our segments is shown in the tables below (in millions):


(1) Revenues for Corporate and Other represent deferred revenue purchase accounting adjustments recorded in accordance with GAAP


(2) Operating expenses for Corporate and Other includes equity-based compensation, including certain related payroll taxes, of $51.7 million, $51.4 million and $19.2 million for the years ended December 31, 2019, 2018 and 2017, respectively.


(4) Depreciation and amortization for Corporate and Other primarily represents net incremental depreciation and amortization adjustments associated with the application of purchase accounting recorded in accordance with GAAP.


(6) Receivables from related parties are included in Corporate and Other.


(7) Transition and integration costs primarily consists of legal and professional fees related to the Distribution and transition-related costs following the Distribution.
## Table

|  |  | Quarter Ended |  |  |
|---|---|---|---|---|
|  | March 31, | June 30, | September 30, | December 31, |
|  | 2019 | 2019 | 2019 | 2019 |
| Revenue | $50,290 | $49,189 | $52,833 | $60,316 |
| Gross profit | $38,040 | $37,918 | $40,913 | $46,876 |
| Net income (loss) | $(12,272) | $(5,771) | $173 | $51 |
| Net loss per share-basic | $(0.16) | $(0.08) | $— | $— |
| Net loss per share-diluted | $(0.16) | $(0.08) | $— | $— |
|  |  | Quarter | Ended |  |
|  | March 31, | June 30, | September 30, | December 31, |
|  | 2018 | 2018 | 2018 | 2018 |
| Revenue | $49,183 | $60,713 | $60,502 | $61,825 |
| Gross profit | $37,299 | $47,526 | $47,488 | $48,014 |
| Net loss | $(19,670) | $(4,532) | $(1,807) | $(1,608) |
| Net loss per share-basic | $(0.27) | $(0.06) | $(0.02) | $(0.02) |
| Net loss per share-diluted | $(0.27) | $(0.06) | $(0.02) | $(0.02) |



## Text

14. Selected Quarterly Financial Data (Unaudited)


Selected quarterly financial data for 2019 and 2018 is as follows (in thousands, except per share amounts):
## Table

|  |  | Fiscal Year Ended |  |
|---|---|---|---|
|  | December 27, 2019  | December 28, 2018  | December 29, 2017 |
| Numerator: |  |  |  |
| Net income | $24,193 | $20,402 | $14,366 |
| Add effect of dilutive securities |  |  |  |
| Interest on convertible notes, net of tax | 207 | 362 | 536 |
| Adjusted net income | $24,400 | $20,764 | $14,902 |
| Denominator: |  |  |  |
| Weighted average basic common shares outstanding | 29,532,342 | 28,703,265 | 26,118,482 |
| Dilutive effect of stock options and unvested common shares | 211,050 | 270,520 | 68,670 |
| Dilutive effect of convertible notes | 329,946 | 705,134 | 1,237,374 |
| Weighted average diluted common shares outstanding | 30,073,338 | 29,678,919 | 27,424,526 |



## Text

Note 3 – Net Income per Share


Reconciliation of net income per common share:
## Table

| December 28, 2019 | Amortized Cost   | Gains   | Losses   | Fair Value   |
|---|---|---|---|---|
| U.S. Treasuries | $10,458 | $11 | $— | $10,469 |
| Commercial paper | 3,914 | 1 | (4) | 3,911 |
| Corporate bond | 33,867 | 68 | (7) | 33,928 |
| Certificate of deposit | 3,584 | 5 | — | 3,589 |
| Agency securities | 24,408 | 38 | (16) | 24,430 |
|  | $76,231 | $123 | $(27) | $76,327 |
| December 29, 2018 | Amortized Cost | Gains | Losses | Fair Value |
| U.S. Treasuries | $7,997 | $1 | $(1) | $7,997 |
| Commercial paper | 2,296 | — | (1) | 2,295 |
| Corporate bond | 30,833 | 1 | (160) | 30,674 |
| Certificate of deposit | 960 | — | (3) | 957 |
| Agency securities | 8,667 | — | (59) | 8,608 |
|  | $50,753 | $2 | $(224) | $50,531 |



## Text

Marketable Securities


Marketable securities consisted of the following (in thousands):


We classify our marketable securities as available-for-sale. All marketable securities represent the investment of funds available for current operations, notwithstanding their contractual maturities. Such marketable securities are recorded at fair value and unrealized gains and losses are recorded in Accumulated other comprehensive income (loss) until realized.


We typically invest in highly-rated securities with low probabilities of default. Our investment policy requires investments to be rated single A or better, limits the types of acceptable investments, concentration as to security holder and duration of the investment. The gross unrealized gains and losses in fiscal 2019 and 2018 were caused primarily by changes in interest rates.


The longer the duration of marketable securities, the more susceptible they are to changes in market interest rates and bond yields. As yields increase, those securities with a lower yield-at-cost show a mark-to-market unrealized loss. We anticipate recovering the full cost of the securities either as market conditions improve, or as the securities mature. Accordingly, we believe that the unrealized losses are not other-than-temporary.


When evaluating the investments for otherthan- temporary impairment, we review factors such as the length of time and extent to which fair value has been below the amortized cost basis, current market liquidity, interest rate risk, the financial condition of the issuer, and credit rating downgrades. As of December 28, 2019 and December 29, 2018, gross unrealized losses related to our marketable securities portfolio were not material.
## Table

|  |  | Fiscal |  |
|---|---|---|---|
|  | 2019 | 2018 | 2017 |
|  |  | (in millions) |  |
| Notional U.S. federal income tax expense at the statutory rate (1) | $ 406 | $ 551 | $ 602 |
| Adjustments to reconcile to the income tax expense (benefit): |  |  |  |
| U.S. state income tax benefit, net | (5) | (7) | (4) |
| Tax law changes | 15 | 638 | 7 |
| Tax credits | (22) | (8) | (8) |
| Non-U.S. net earnings(2) | (166) | (213) | (355) |
| Change in accrued income tax liabilities | (61) | 13 | 24 |
| Valuation allowance | (163) | 33 | (1) |
| Legal entity restructuring and intercompany transactions | 3 | (1,329) | (40) |
| Excess tax benefits from share-based payments | (8) | (24) | (40) |
| Other | (14) | 2 | (5) |
| Income tax expense (benefit) | $ (15) | $ (344) | $ 180 |



## Text

The reconciliation between U.S. federal income taxes at the statutory rate and income tax expense (benefit) was as follows:


(1) The U.S. federal statutory rate was 21% for fiscal 2019, 24.58% for fiscal 2018, and 35%
for fiscal 2017.


(2) Excludes items which are separately presented.


The income tax benefit for fiscal 2019 included a $216 million income tax benefit related to the tax impacts of certain measures of the Switzerland Federal Act on Tax Reform and AHV Financing (“Swiss Tax Reform”), a $90 million income tax benefit related to the effective settlement of a tax audit in a non-U.S. jurisdiction, and $15 million of income tax expense associated with the tax impacts of certain legal entity restructurings and intercompany transactions. See “Swiss Tax Reform” below for additional information regarding Swiss Tax Reform.


The income tax benefit for fiscal 2018 included a $1,222 million net income tax benefit associated with the tax impacts of certain legal entity restructurings and intercompany transactions that occurred in the quarter ended September 28, 2018. The net income tax benefit of $1,222 million related primarily to the recognition of certain non-U.S. loss carryforwards and basis differences in subsidiaries expected to be utilized against future taxable income, partially offset by a $46 million increase in the valuation allowance for certain U.S. federal tax credit carryforwards. The income tax benefit for fiscal 2018 also included $567 million of income tax expense related to the tax impacts of the Tax Cuts and Jobs Act (the “Act”) and a $61 million net income tax benefit related to the tax impacts of certain legal entity restructurings that occurred in the quarter ended December 29, 2017. See “Tax Cuts and Jobs Act” below for additional information regarding the Act.


The income tax expense for fiscal 2017 included a $52 million income tax benefit associated with the tax impacts of certain intercompany transactions and the corresponding reduction in the valuation allowance for U.S. tax loss carryforwards, a $40 million income tax benefit related to share-based payments and the adoption of ASU No. 2016-09, and a $14 million income tax benefit associated with pre-separation tax matters.
## Table

|  | Time-Based RSUs |  | PSUs and MPSUs |  | MSUs |  | Total |  |
|---|---|---|---|---|---|---|---|---|
|  | Number of Shares | Weighted- Average Grant Date Fair Value Per Share | Number of Shares | Weighted- Average Grant Date Fair Value Per Share | Number of Shares | Weighted- Average Grant Date Fair Value Per Share | Number of Shares | Weighted- Average Grant Date Fair Value Per Share |
| Outstanding at January 1, 2017 | 366 | $51.35 | 2,284 | $43.24 | 1,620 | $23.57 | 4,270 | $36.47 |
| Granted | 81 | $94.25 | 585(1) | $62.72 | - | $- | 666 | $66.56 |
| Vested | (175) | $48.35 | (597) | $41.94 | - | $- | (772) | $43.39 |
| Forfeited | (14) | $61.8 | (6) | $49.82 | - | $- | (20) | $58.46 |
| Outstanding at December 31, 2017 | 258 | $66.3 | 2,266 | $48.59 | 1,620 | $23.57 | 4,144 | $39.91 |
| Granted | 133 | $114.36 | 630(1) | $85.06 | 600 | $68.48 | 1,363 | $80.62 |
| Vested | (136) | $60.23 | (717) | $41.08 | - | $- | (853) | $44.13 |
| Forfeited | (15) | $82.2 | (5) | $63.16 | (1) | $68.48 | (21) | $76.92 |
| Outstanding at December 31, 2018 | 240 | $95.38 | 2,174 | $61.61 | 2,219 | $35.69 | 4,633 | $50.94 |
| Granted | 52 | $142.32 | 512(1) | $99.88 | - | $- | 564 | $103.68 |
| Vested | (103) | $81.53 | (656) | $53.72 | (324) | $23.57 | (1,083) | $47.34 |
| Forfeited | (9) | $117.31 | (43) | $42.72 | (9) | $68.48 | (61) | $57.01 |
| Outstanding at December 31, 2019 | 180 | $115.45 | 1,987 | $74.50 | 1,886 | $37.63 | 4,053 | $59.16 |



## Text

RSUs


The Company’s RSUs include time-based RSUs, RSUs with performance conditions (“PSUs”), RSUs with market conditions (“MSUs”), and RSUs with both market and performance conditions (“MPSUs”). Vesting of awards with performance conditions or market conditions is subject to the achievement of pre-determined performance goals and the approval of such achievement by the Compensation Committee of the Board of Directors (the “Compensation Committee”). All awards include service conditions which require continued employment with the Company.


A summary of RSU activity is presented in the table below (in thousands, except per-share amounts):


(1) Amount reflects the number of awards that may ultimately be earned based on management’s probability assessment of the achievement of performance conditions at each reporting period.


The intrinsic value related to vested RSUs was $138.3 million, $90.0 million and $74.0 million for the years ended December 31, 2019, 2018 and 2017, respectively. As of December 31, 2019, the total intrinsic value of all outstanding RSUs was $679.5 million, based on the closing stock price of $178.02. As of December 31, 2019, unamortized compensation expense related to all outstanding RSUs was $100.1 million with a weighted-average remaining recognition period of approximately three years.


Cash proceeds from vested PSUs with a purchase price totaled $16.6 million and $10.6 million for the years ended December 31, 2019 and 2018, respectively. There were no proceeds for the year ended December 31, 2017.