hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
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) Private Brands Operations
On February 1, 2016, pursuant to the Stock Purchase Agreement, dated as of November 1, 2015, we completed the disposition of our Private Brands operations to TreeHouse Foods, Inc. ("TreeHouse").
The summary comparative financial results of the Private Brands business, included within discontinued operations, were as follows:
We entered into a transition services agreement with TreeHouse and recognized $2.2 million and $16.9 million of income for the performance of services during fiscal 2018 and 2017, respectively, classified within SG&A expenses.
Table:
 | 2019 | 2018 | 2017
Loss on sale of business | $— | $— | $(1.6)
Income from discontinued operations before income taxes and equity method investment earnings | 0.9 | 0.4 | 3.9
Income before income taxes and equity method investment earnings . | 0.9 | 0.4 | 2.3
Income tax expense (benefit) . | — | 0.5 | (0.3)
Income (loss) from discontinued operations, net of tax | $0.9 | $(0.1) | $2.6


Question: What were the incomes before income taxes and equity method investment earnings in the fiscal years 2017 and 2018, respectively?
Answer: 2.3, 0.4
Goodwill
The following table summarizes the changes in the carrying amount of goodwill during the periods presented (table in millions):
Table:
 | January 31, 2020 | February 1, 2019
Balance, beginning of the year | $7,418 | $6,660
Increase in goodwill related to business combinations | 1,911 | 784
Other adjustment | — | (26)
Balance, end of the year | $9,329 | $7,418


Question: What was the percentage change in the balance at the end of the year between 2019 and 2020?
Answer: 25.76
Calculation: (9,329-7,418)/7,418
18. Other taxes
The other taxes (for example property tax, motor vehicle tax, excise tax and transaction tax) have the following effects on the income statement:
Table:
€ million | 2017/2018 | 2018/2019
Other taxes | 79 | 79
thereof from cost of sales | (1) | (1)
thereof from selling expenses | (65) | (62)
thereof from general administrative expenses | (13) | (16)


Question: What was the change in Other taxes in 2018/2019 from 2017/2018?
Answer: 0
Calculation: 79-79
The following tabl e reconciles total operating segment revenues to total revenues as well as total operating segment margin to income before provision for income taxes:
(1) Cloud and license revenues presented for management reporting included revenues related to cloud and license obligations that would have otherwise been recorded by the acquired businesses as independent entities but were not recognized in our consolidated statements of operations for the periods presented due to business combination accounting requirements. See Note 9 for an explanation of these adjustments and this table for a reconciliation of our total operating segment revenues to our total revenues as reported in our consolidated statements of operations.
Table:
Year Ended May 31, |  |  | 
(in millions) | 2019 | 2018 | 2017
Total revenues for operating segments | $39,526 | $39,430 | $37,963
Cloud and license revenues (1) | (20) | (47) | (171)
Total revenues | $39,506 | $39,383 | $37,792
Total margin for operating segments | $23,981 | $23,857 | $23,208
Cloud and license revenues (1) | (20) | (47) | (171)
research and development | (6,026) | (6,084) | (6,153)
General and administrative | (1,265) | (1,282) | (1,172)
Amortization of intangible assets | (1,689) | (1,620) | (1,451)
Acquisition related and other | (44) | (52) | (103)
restructuring | (443) | (588) | (463)
Stock-based compensation for operating segments | (518) | (505) | (415)
Expense allocations and other, net | (441) | (415) | (367)
Interest expense | (2,082) | (2,025) | (1,798)
Non-operating income, net | 815 | 1,185 | 565
Income before provision for income taxes | $12,268 | $12,424 | $11,680


Question: Which month was the financial year end?
Answer: May
REVENUE
(1) For the three-month period ended August 31, 2019, the average foreign exchange rate used for translation was 1.3222 USD/CDN.
(2) Fiscal 2018 was restated to comply with IFRS 15 and to reflect a change in accounting policy as well as to reclassify results from Cogeco Peer 1 as discontinued operations. For further details, please consult the "Accounting policies" and "Discontinued operations" sections.
(3) Fiscal 2019 actuals are translated at the average foreign exchange rate of the comparable period of fiscal 2018 which was 1.3100 USD/CDN.
Fiscal 2019 fourth-quarter revenue increased by 3.1% (2.7% in constant currency) resulting from: • growth in the American broadband services segment mainly due to strong organic growth and the FiberLight acquisition. • stable revenue in the Canadian broadband services segment mainly as a result of: ◦ rate increases; partly offset by ◦ decreases in video and telephony services customers compared to the same period of the prior year primarily due to issues resulting from the implementation of a new customer management system in the second half of fiscal 2018.
Table:
Three months ended August 31, | 2019 (1) | 2018 (2) | Change | Change in constant currency (3) | Foreign exchange impact (3)
(in thousands of dollars, except percentages) | $ | $ | % | % | $ $
Canadian broadband services | 319,935 | 319,741 | 0.1 | 0.1 | -
American broadband services | 263,738 | 246,443 | 7.0 | 6.0 | 2,427
 | 583,673 | 566,184 | 3.1 | 2.7 | 2,427


Question: What was the increase in revenue in fourth-quarter 2019?
Answer: 3.1%
Deferred Compensation Plans
Under our deferred compensation plans (‘‘plans’’), eligible employees are permitted to make compensation deferrals up to established limits set under the plans and accrue income on these deferrals based on reference to changes in available investment options. While not required by the plan, we choose to invest in insurance contracts and mutual funds in order to approximate the changes in the liability to the employees. These investments and the liability to the employees were as follows (in thousands):
Life insurance premiums loads, policy fees and cost of insurance that are paid from the asset investments and gains and losses from the asset investments for these plans are recorded as components of other income or expense; such amounts were net gains of $1.1 million in fiscal 2019, $4.8 million in fiscal 2018 and $5.0 million (including a $1.3 million death benefit) in fiscal 2017. Changes in the obligation to plan participants are recorded as a component of operating expenses and cost of sales; such amounts were net losses of $1.5 million in fiscal 2019, $5.2 million in fiscal 2018 and $3.9 million in fiscal 2017. Liabilities associated with participant balances under our deferred compensation plans are affected by individual contributions and distributions made, as well as gains and losses on the participant’s investment allocation election.
Table:
 | Fiscal year-end | 
 | 2019 | 2018
Total deferred compensation liability, included in: |  | 
Other current liabilities | $3,233 | $844
Other long-term liabilities | 39,715 | 40,895
Total deferred compensation liability | $42,948 | $41,739


Question: What was the  Other long-term liabilities  in 2018?
Answer: 40,895
Segment Results of Operations
In the Company's Consolidated Financial Statements, other operating (income) expense includes (i) (gain) loss on sale or disposal of assets, (ii) lease termination costs, (iii)
asset impairment expense, (iv) accretion of asset retirement obligations, and (v) FCC reimbursements. Each table summarizes the results of operations of our operating
segments and compares the amount of the change between the periods presented (in millions).                                Marine Services Segment
Net revenue: Net revenue from our Marine Services segment for the year ended December 31, 2019 decreased $21.8 million to $172.5 million from $194.3 million for the year ended December 31, 2018. The decrease was primarily driven by a decline in the volume of projects under execution across multiple reporting lines, including power cable repair in offshore renewables, telecom installation work, and a reduction in CWind Group revenue due to focusing on a mix of more profitable projects.
Cost of revenue: Cost of revenue from our Marine Services segment for the year ended December 31, 2019 decreased $35.9 million to $127.1 million from $163.0 million for the year ended December 31, 2018. The decrease was driven by the reduction in revenue, improved vessel utilization, and higher than expected costs on a certain power construction project in the comparable period that were not repeated.
Selling, general and administrative: Selling, general and administrative expenses from our Marine Services segment for the year ended December 31, 2019 increased $5.6 million to $25.8 million from $20.2 million for the year ended December 31, 2018. The increase was primarily due to higher disposition costs in the fourth quarter of 2019 related to the sale of the Marine Services segment. This was partially offset by a reversal of an accrual of bad debt expense in the current period due to a favorable receivable settlement during the quarter. See Note 24. Subsequent Events for the summary of the subsequent events.
Depreciation and amortization: Depreciation and amortization from our Marine Services segment for the year ended December 31, 2019 decreased $1.5 million to $25.7 million from $27.2 million for the year ended December 31, 2018. The decrease was largely attributable to the disposal of assets during the year.
Other operating income: Other operating income decreased $0.7 million from $0.7 million of income for the year ended December 31, 2018, as a result of an impairment expense recorded in 2019 due to the under-utilization of assets on one of the segment's barges.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | Increase / (Decrease)
Net revenue | $172.5 | $194.3 | $(21.8)
Cost of revenue | 127.1 | 163.0 | (35.9)
Selling, general and administrative | 25.8 | 20.2 | 5.6
Depreciation and amortization | 25.7 | 27.2 | (1.5)
Other operating income | — | (0.7) | 0.7
Income (loss) from operations | $(6.1) | $(15.4) | $9.3


Question: What is the percentage increase / (decrease) in the Depreciation and amortization from 2018 to 2019?
Answer: -5.51
Calculation: 25.7 / 27.2 - 1
Stock option and stock appreciation right (SAR) activity under the Company's stock incentive plans in the three years ended March 31, 2019 is set forth below:
The total intrinsic value of options and SARs exercised during the years ended March 31, 2019, 2018 and 2017 was $8.3 million, $7.4 million and $9.6 million, respectively. This intrinsic value represents the difference between the fair market value of the Company's common stock on the date of exercise and the exercise price of each equity award.
The aggregate intrinsic value of options and SARs outstanding at March 31, 2019 was $14.9 million. The aggregate intrinsic value of options and SARS exercisable at March 31, 2019 was $14.8 million. The aggregate intrinsic values were calculated based on the closing price of the Company's common stock of $82.96 per share on March 29, 2019.
As of March 31, 2019 and March 31, 2018, the number of option and SAR shares exercisable was 278,591 and 224,022, respectively, and the weighted average exercise price per share was $30.03 and $29.96, respectively.
There were no stock options granted in the years ended March 31, 2019, 2018 and 2017
Table:
 | Number of Shares | Weighted Average Exercise Price per Share
Outstanding at March 31, 2016 | 913,508 | $33.00
Exercised | (437,906) | 34.34
Forfeited or expired | (42,485) | 34.26
Outstanding at March 31, 2017 | 433,117 | 31.51
Exercised | (131,666) | 31.75
Forfeited or expired | (17,111) | 34.73
Outstanding at March 31, 2018 | 284,340 | 31.21
Assumed upon acquisition | 141,751 | 25.86
Exercised | (140,118) | 27.67
Forfeited or expired | (4,091) | 39.62
Outstanding at March 31, 2019 | 281,882 | $30.16


Question: Which years does the table provide the number of outstanding shares for?
Answer: 2016, 2017, 2018, 2019
Our revenues and operating results are significantly affected by the timing, number and breadth of our theatrical releases and their budgets, the timing of television syndication agreements, and our amortization policy for the first 12 months of commercial exploitation for a film. The timing of releases is determined based on several factors. A significant portion of the films we distribute are delivered to Indian theaters at times when theater attendance has traditionally been highest, including school holidays, national holidays and the festivals. This timing of releases also takes into account competitor film release dates, major cricket events in India and film production schedules. Significant holidays and festivals, such as Diwali, Eid and Christmas, occur during July to December each year, and the Indian Premier League cricket season generally occurs during April and May of each year. The Tamil New Year, called Pongal, falls in January each year making the quarter ending March an important one for Tamil releases.
Our quarterly results can vary from one period to the next, and the results of one quarter are not necessarily indicative of results for the next or any future quarter. Our revenue and operating results are therefore seasonal in nature due to the impact on income of the timing of new releases as well as timing and quantum of catalogue revenues.
Table:
 |  | Three Months Ended |  | 
 | June 30, 2018 | September 30, 2018 | December 31, 2018 | March 31, 2019
 |  | (in thousands) |  | 
Revenue | 60,212 | 63,425 | 76,744 | 69,745
Adjustment towards significant financing component | 6,410 | 8,837 | 9,917 | 9,303
Gross Revenue | 66,622 | 72,262 | 86,661 | 79,048


Question: What are the Three months ended periods that have gross revenue exceeding $70,000 thousand?
Answer: September 30, 2018, December 31, 2018, March 31, 2019
Calculation: For row 7 find the cells which have values >70,000 and find the corresponding three months ended period
(b) Purchase Commitments with Contract Manufacturers and Suppliers
We purchase components from a variety of suppliers and use several contract manufacturers to provide manufacturing services for our products. During the normal course of business, in order to manage manufacturing lead times and help ensure adequate component supply, we enter into agreements with contract manufacturers and suppliers that either allow them to procure inventory based upon criteria as defined by us or establish the parameters defining our requirements. A significant portion of our reported purchase commitments arising from these agreements consists of firm, noncancelable, and unconditional commitments. Certain of these purchase commitments with contract manufacturers and suppliers relate to arrangements to secure long-term pricing for certain product components for multi-year periods. In certain instances, these agreements allow us the option to cancel, reschedule, and adjust our requirements based on our business needs prior to firm orders being placed.
The following table summarizes our purchase commitments with contract manufacturers and suppliers (in millions):
We record a liability for firm, noncancelable, and unconditional purchase commitments for quantities in excess of our future demand forecasts consistent with the valuation of our excess and obsolete inventory. As of July 27, 2019 and July 28, 2018, the liability for these purchase commitments was $129 million and $159 million, respectively, and was included in other current liabilities.
Table:
Commitments by Period | July 27, 2019 | July 28, 2018
Less than 1 year | $4,239 | $5,407
1 to 3 years | 728 | 710
3 to 5 years | — | 360
Total | $4,967 | $6,477


Question: How does the company provide manufacturing services for their products?
Answer: purchase components from a variety of suppliers and use several contract manufacturers
Cash Flows
The following table provides a summary of cash flows from operating, investing and financing activities (in millions):
Operating Activities
The $57.2 million decrease in cash provided by operating activities in 2019 compared to 2018 is primarily related to the timing and amount of cash receipts for Trade receivables, net, higher payments primarily related to income taxes and incentive bonus, and the timing of payments for Trade accounts payable and other accrued liabilities. The $84.4 million increase in cash provided by operating activities in 2018 compared to 2017 was primarily related to increased earnings excluding the prior year effect of the Tax Reform Act and the timing and amount of cash receipts for Trade receivables, net.
Investing Activities
The $406.9 million increase in cash used in investing activities in 2019 compared to 2018 is primarily related to our D&B Investment and our acquisition of Compass Analytics. The $59.4 million increase in cash used in investing activities in 2018 compared to 2017 was primarily related to the HeavyWater and Ernst acquisitions and higher capital expenditures in 2018.
Financing Activities
The $455.1 million increase in cash provided by financing activities in 2019 compared to 2018 is primarily related to an incremental borrowing to fund our D&B Investment as well as fewer share repurchases. The $96.8 million decrease in cash used in financing activities in 2018 compared to 2017 was primarily related to tax distributions to BKFS LLC members and the senior notes redemption fee in 2017.
Table:
 | Year ended December 31, |  |  | Variance | 
 | 2019 | 2018 | 2017 | 2019 v. 2018 | 2018 v. 2017
Cash flows provided by operating activities | $378.3 | $435.5 | $351.1 | $(57.2) | $84.4
Cash flows used in investing activities | (551.0) | (144.1) | (84.7) | (406.9) | (59.4)
Cash flows provided by (used in) financing activities | 167.8 | (287.3) | (384.1) | 455.1 | 96.8
Net (decrease) increase in cash and cash equivalents | $(4.9) | $4.1 | $(117.7) | $(9.0) | $121.8


Question: How many years was the Net  increase in cash and cash equivalents positive?
Answer: 1
Calculation: 2018
5. INVESTMENTS
Investments in Marketable Securities
The Company’s investments in available-for-sale marketable securities are made pursuant to its investment policy, which has established guidelines relative to the diversification of the Company’s investments and their maturities, with the principal objective of capital preservation and maintaining liquidity sufficient to meet cash flow requirements.
The following is a summary of investments, including those that meet the definition of a cash equivalent, as of December 31, 2019 (in thousands):
Table:
 | Amortized Cost | Unrealized Gains | Unrealized Losses | Fair Value
Current assets: |  |  |  | 
Cash | $67,818 | $— | $— | $67,818
Cash equivalents: |  |  |  | 
Money market funds | 126,075 | — | — | 126,075
Corporate bonds | 1,000 | — | — | 1,000
Agency bonds | 6,485 | 1 | — | 6,486
Commercial paper | 9,609 | — | (1) | 9,608
Certificates of deposit | 171 | — | — | 171
US treasury securities | 4,749 | — | — | 4,749
Total cash equivalents | 148,089 | 1 | (1) | 148,089
Total cash and cash equivalents | 215,907 | 1 | (1) | 215,907
Short-term investments: |  |  |  | 
Corporate bonds | 103,130 | 110 | (7) | 103,233
Agency bonds | 3,966 | 2 | — | 3,968
US treasury securities | 50,703 | 62 | (1) | 50,764
Commercial paper | 23,827 | 1 | — | 23,828
Certificates of deposit | 3,936 | 2 | (1) | 3,937
Asset-backed securities | 15,837 | 12 | — | 15,849
Total short-term investments | 201,399 | 189 | (9) | 201,579
Long-term investments: |  |  |  | 
Corporate bonds | 19,407 | 12 | (4) | 19,415
US treasury securities | 19,300 | 25 | — | 19,325
Asset-backed securities | 11,693 | 10 | (1) | 11,702
Strategic investments | 9,750 | — | — | 9,750
Total long-term investments | $60,150 | $47 | $(5) | $60,192


Question: What was the fair value of corporate bonds?
Answer: 1,000
Revenues
Revenues for our reportable segments were as follows:
The increase in Semiconductor Test revenues of $60.2 million, or 4%, from 2018 to 2019 was driven primarily by an increase in semiconductor tester sales for 5G infrastructure and image sensors and higher service revenue, partially offset by a decrease in sales in the automotive and analog test segments.
The increase in Industrial Automation revenues of $36.6 million, or 14%, from 2018 to 2019 was primarily due to higher demand for collaborative robots. The MiR acquisition was completed in April 2018.
The increase in System Test revenues of $71.4 million, or 33%, from 2018 to 2019 was primarily due to higher sales in Storage Test of 3.5” hard disk drive testers, higher sales in Defense/Aerospace test instrumentation and systems, and higher sales in Production Board Test from higher 5G demand.
The increase in Wireless Test revenues of $25.3 million, or 19%, from 2018 to 2019 was primarily due to higher demand for millimeter wave and cellular test products driven by new wireless standards and 5G, partially offset by lower sales in connectivity test products and services.
Table:
 | 2019 | 2018 | 2018-2019 Dollar Change
 |  | (in millions) | 
Semiconductor Test | $1,552.6 | $1,492.4 | $60.2
Industrial Automation | 298.1 | 261.5 | 36.6
System Test | 287.5 | 216.1 | 71.4
Wireless Test | 157.3 | 132.0 | 25.3
Corporate and Other | (0.5) | (1.2) | 0.7
 | $2,295.0 | $2,100.8 | $194.2


Question: What was the change in System Test revenues?
Answer: $71.4 million
Movement of options during the year ended 30 June 2018:
The weighted average fair value of options granted during the year was nil (2018: nil) as there were none issued during the year.
The weighted average share price for share options exercised during the period was $3.57 (2018: $3.90).
The weighted average remaining contractual life for share options outstanding at the end of the period was 1.68 years (2018: 2.47 years).
The weighted average remaining contractual life for share options outstanding at the end of the period was 1.68 years (2018: 2.47 years).
Table:
Grant Date | Exercise Date | Expiry Date | Exercise Price $ | No. of Options at Beg. of Year | Options Exercised or Lapsed | No. of Options at End of Year
2 Jul 2012 | 2 Jul 2015 | 2 Jul 2017 | 0.92 | 40,000 | (40,000) | -
2 Jul 2013 | 2 Jul 2016 | 30 Sept 2018 1 | 0.92 | 295,000 | (220,000) | 75,000
2 Jul 2014 | 2 Jul 2017 | 2 Jul 2019 | 1.30 | 875,000 | (405,000) | 470,000
2 Jul 2015 | 2 Jul 2018 | 2 Jul 2020 | 2.67 | 1,000,000 | - | 1,000,000
22 Dec 2016 | 31 Aug 2019 | 22 Dec 2021 | 3.59 | 1,323,730 | - | 1,323,730
Total |  |  |  | 3,533,730 | (665,000) | 2,868,730
Weighted average exercise price |  |  |  |  | $1.15 | $2.82


Question: What was the weighted average share price for share options exercised during the period?
Answer: $3.57 (2018: $3.90).