hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
ITEM 2. PROPERTIES
The Company leases the following real property:
The Company executed a three-year lease beginning in October 2017 for approximately 83,000 square feet for our Aurora, Illinois headquarters facility.
During fiscal year 2019, the Company executed a two-year lease beginning in September 2018 for approximately 2,300 square feet for our Manchester, New Hampshire IBW office space.
The Company is currently evaluating a replacement lease for the ISM design center in Ohio.
On April 1, 2013, as a result of the Kentrox acquisition, the Company acquired a sixteen acre parcel of land in Dublin, Ohio. The Company sold four acres in April 2015 and is marketing the remaining twelve acres for sale.
Table:
Location | Purpose | Square footage  | Termination calendar year | Segment
Aurora, IL | Corporate headquarters, office, distribution and manufacturing | 83,000 | 2020 | 
Dublin, OH | Design center | 9,465 | 2019 | ISM
Manchester, NH | IBW office | 2,287 | 2020 | IBW


Question: What is the total area, in square feet, of the Company’s real property?
Answer: 94752
Calculation: 83,000+9,465+2,287
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: What was the total intrinsic value of options and SARs exercised during the years ended March 31, 2019?
Answer: 8.3
5. Accrued expenses
Accrued expenses consisted of the following:
Table:
October 31, |  | 
 | 2019 | 2018
(In thousands) |  | 
Workers’ compensation claims | $9,687 | $9,020
Accrued wages | 19,525 | 14,142
Accrued rebates | 13,529 | 7,828
Accrued vacation  | 10,592 | 8,554
Accrued property taxes  | 11,331 | 9,453
Accrued payroll taxes | 8,290 | 9,034
Other accrued expenses  | 9,986 | 11,922
Total accrued expenses | $82,940 | $69,953


Question: What is the Accrued wages for fiscal years 2019 and 2018 respectively?
Answer: 19,525, 14,142
Unaudited Pro Forma Information - OpenEye
The following unaudited pro forma data is presented as if OpenEye were included in our historical consolidated statements of operations beginning January 1, 2018. These pro forma results do not necessarily represent what would have occurred if all the business combination had taken place on January 1, 2018, nor do they represent the results that may occur in the future.
This pro forma financial information includes our historical financial statements and those of our OpenEye business combination with the following adjustments: (i) we adjusted the pro forma amounts for income taxes, (ii) we adjusted for amortization expense assuming the fair value adjustments to intangible assets had been applied beginning January 1, 2018, and (iii) we adjusted for transaction fees incurred and reclassified them to January 1, 2018.
The pro forma adjustments were based on available information and upon assumptions that we believe are reasonable to reflect the impact of these acquisitions on our historical financial information on a supplemental pro forma basis, as follows (in thousands, except per share data):
Table:
 | Pro Forma | 
 | Year Ended December 31, | 
 | 2019 | 2018
Revenue | $527,550 | $451,013
Net income attributable to common stockholders | 51,075 | 13,264
Net income attributable to common stockholders per share - basic | $1.05 | $0.27
Net income attributable to common stockholders per share - diluted | $1.02 | $0.26


Question: What was the net income attributable to common stockholders in 2018?
Answer: 13,264
Product Revenue by Segment
The following table presents the breakdown of product revenue by segment (in millions, except percentages):
Amounts may not sum and percentages may not recalculate due to rounding.
Americas Product revenue in the Americas segment increased by 8%, driven by growth in the enterprise, public sector and commercial markets. These increases were partially offset by a product revenue decline in the service provider market. From a country perspective, product revenue increased by 9% in the United States, 26% in Mexico and 6% in Canada, partially offset by a product revenue decrease of 1% in Brazil.
EMEA The increase in product revenue in the EMEA segment of 6% was driven by growth in the public sector and enterprise markets, partially offset by a decline in the service provider market. Product revenue in the commercial market was flat. Product revenue from emerging countries within EMEA increased by 9%, and product revenue for the remainder of the EMEA segment increased by 5%.
APJC Product revenue in the APJC segment increased by 1%, driven by growth in the public sector and enterprise markets, partially offset by declines in the service provider and commercial markets. From a country perspective, product revenue increased by 9% in Japan and 5% in India, partially offset by a product revenue decrease of 16% in China.
Table:
 |  | Years Ended |  | 2019 vs. 2018 | 
 | July 27, 2019 | July 28, 2018 | July 29, 2017 | Variance in Dollars | Variance in Percent
Product revenue: |  |  |  |  | 
Americas | $22,754 | $21,088 | $20,487 | $1,666 | 8%
Percentage of product revenue | 58.3% | 57.5% | 57.4% |  | 
EMEA | 10,246 | 9,671 | 9,369 | 575 | 6%
Percentage of product revenue | 26.3% | 26.3% | 26.2% |  | 
APJC | 6,005 | 5,950 | 5,849 | 55 | 1%
Percentage of product revenue | 15.4% | 16.2% | 16.4% |  | 
Total | $39,005 | $36,709 | $35,705 | $2,296 | 6%


Question: Which years does the table provide information for the breakdown of the company's product revenue by segment?
Answer: 2019, 2018, 2017
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
NOTE 9 — Accrued Expenses and Other Liabilities
The components of accrued expenses and other liabilities are as follows:
Table:
 | As of December 31, | 
 | 2019 | 2018
Accrued product-related costs | $4,464 | $4,377
Accrued income taxes | 7,903 | 6,914
Accrued property and other taxes | 1,574 | 1,976
Accrued professional fees | 1,599 | 3,350
Contract liabilities | 2,877 | 1,981
Dividends payable | 1,299 | 1,310
Remediation reserves | 11,444 | 11,274
Other accrued liabilities | 5,218 | 6,165
Total accrued expenses and other liabilities | $36,378 | $37,347


Question: What were the Remediation reserves in 2019?
Answer: 11,444
The following table provides the company’s operating (non-GAAP) earnings for 2019 and 2018. See page 46 for additional information.
* 2019 results were impacted by Red Hat purchase accounting and acquisition-related activity.
** Includes charges of $2.0 billion in 2018 associated with U.S. tax reform.
Table:
($ in millions except per share amounts) |  |  | 
For the year ended December 31:* | 2019 | 2018 | Yr.-to-Yr. Percent Change
Net income as reported | $ 9,431 | 8,728* | 8.1%
Income/(loss) from discontinued operations, net of tax | (4) | 5 | NM
Income from continuing operations | $ 9,435 | 8,723* | 8.2%
Non-operating adjustments (net of tax) |  |  | 
Acquisition-related charges | 1,343 | 649 | 107.0
Non-operating retirement-related costs/(income) | 512 | 1,248 | (58.9)
U.S. tax reform charge | 146 | 2,037 | (92.8)
Operating (non-GAAP) earnings | $11,436 | $12,657 | (9.6)%
Diluted operating (non-GAAP) earnings per share | $ 12.81 | $ 13.81 | (7.2)%


Question: In 2018, net income includes what additional charges?
Answer: Includes charges of $2.0 billion in 2018 associated with U.S. tax reform.
PSUs – Total Shareholder Return (TSR)
The PSUs granted based on TSR are contingently awarded and will be payable in shares of the Company’s common stock subject to the condition that the number of PSUs, if any, earned by the employees upon the expiration of a three-year award performance period is dependent on the Company’s TSR ranking relative to a peer group of companies. The fair value of the PSUs based on TSR was estimated on the grant date using a Monte Carlo Simulation. Other assumptions include the expected volatility of all companies included in the TSR, the historical share price returns analysis of all companies included in the TSR and assumes dividends are reinvested. The expected volatility was based on the historical volatility for a period of time that approximates the duration between the valuation date and the end of the performance period. The risk-free interest rate is based on the Zero-Coupon Treasury STRIP yield curve matching the term from the valuation date to the end of the performance period. Compensation expense for the PSUs based on TSR (which is considered a market condition) is a fixed amount determined at the grant date fair value and is recognized 100% over the three-year award performance period regardless of whether PSUs are awarded at the end of the award performance period.
The number of PSUs granted based on TSR and the assumptions used to calculate the grant date fair value of the PSUs based on TSR are shown in the following table:
(1) For 2019, this represents the weighted average fair value for PSU awards approved during the first and third quarter.
(2) For 2019, values represent weighted average assumptions for PSU awards approved during the first and third quarter.
(3) On May 18, 2017, the O&C Committee approved a change in the vesting policy regarding the existing 2017 Three year PSU Awards for Ilham Kadri. The modified vesting terms resulted in award modification accounting treatment. The weighted average fair value on grant date reflects the impact of the fair value on date of modification for these awards.
Table:
 | 2019 | 2018 | 2017
Number of units granted | 70,543 | 56,829 | 100,958
Weighted average fair value on grant date(1) (3) | $ 57.53 | $ 43.40 | $ 44.24
Expected Price volatility(2) | 22.86% | 22.00% | 25.31 %
Risk-free interest rate(2) | 2.36% | 2.00% | 1.56 %


Question: What is the number of units granted for 2019 expressed as a percentage of all units granted?
Answer: 30.9
Calculation: 70,543/(70,543+56,829+100,958)
Management makes allowance for expected credit loss based on the simplified approach to provide for expected credit losses, which permits the use of the lifetime expected loss provision for all trade receivables. Expected credit loss for receivables overdue more than 180 days is 25%-100%, depending on category. Expected credit loss for receivables overdue more than one year is 100%.
Movements in provisions for impairment of freight receivables during the year are as follows:
Allowance for expected credit loss of freight receivables have been recognized in the income statement under "Port expenses, bunkers and commissions".
Allowance for expected credit loss of freight receivables is calculated using an ageing factor as well as a specific customer knowledge and is based on a provision matrix on days past due.
Table:
USDm | 2019 | 2018 | 2017
Allowance for expected credit loss |  |  | 
Balance as of 1 January | 1.7 | 1.3 | 2.6
Adjustment to prior years | 1.5 | - | -
Provisions for the year | 2.4 | 1.7 | 0.6
Provisions reversed during the year | -1.9 | -1.0 | -1.9
Provisions utilized during the year | - | -0.3 | -
Balance as of 31 December | 3.7 | 1.7 | 1.3


Question: What was the change in the Balance as of 31 December in 2019 from 2018?
Answer: 2
Calculation: 3.7-1.7
Item 6. Selected Financial Data.
The following selected consolidated financial and operating data was derived from our audited consolidated financial statements. The selected financial data should be read in conjunction with the Consolidated Financial Statements and Notes thereto, and Item 7 contained in Part II of this Annual Report.
(1) When a loss is reported, the denominator of diluted earnings per share cannot be adjusted for the dilutive impact of share-based compensation awards because doing so would be anti-dilutive. In addition, when a loss from continuing operations is reported, adjusting the denominator of diluted earnings per share would also be anti-dilutive to the loss per share, even if the entity has net income after adjusting for a discontinued operation.
Therefore, for all periods presented, basic weighted-average shares outstanding were used in calculating the diluted net loss per share.
Table:
 |  |  | Year ended March 31, |  | 
(In thousands, except per share data) | 2019 | 2018 | 2017 | 2016 | 2015
Operating results |  |  |  |  | 
Net revenue | $140,842 | $127,360 | $127,678 | $120,366 | $103,514
Gross profit | 73,880 | 64,417 | 63,785 | 68,106 | 60,081
Operating loss | (13,081) | (12,080) | (11,408) | (4,313) | (12,467)
Operating loss, net of taxes | (13,164) | (8,350) | (11,721) | (3,765) | (11,497)
Net loss | $(13,164) | $(8,350) | $(11,721) | $(3,765) | $(11,497)
Per share data (1) |  |  |  |  | 
Basic and diluted |  |  |  |  | 
Net loss | $(0.57) | $(0.37) | $(0.52) | $(0.17) | $(0.51)
Weighted-average shares outstanding - basic and diluted | 23,037 | 22,801 | 22,615 | 22,483 | 22,338
Balance sheet data at year end |  |  |  |  | 
Cash and cash equivalents | $40,771 | $39,943 | $49,255 | $60,608 | $75,067
Working capital | 20,707 | 19,343 | 27,183 | 41,401 | 54,407
Total assets | 163,591 | 157,207 | 167,305 | 185,157 | 181,525
Total debt | 57 | 177 | 237 | 333 | 189
Total shareholders’ equity | 100,622 | 108,431 | 113,669 | 123,473 | 124,188


Question: What is the adjustment made to the denominator when loss is reported?
Answer: the denominator of diluted earnings per share cannot be adjusted for the dilutive impact of share-based compensation awards because doing so would be anti-dilutive
9. PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment consists of the following (in thousands):
Depreciation and amortization expense related to property and equipment for fiscal years 2019, 2018 and 2017 was $29.7 million, $30.7 million and $27.3 million, respectively. Accumulated depreciation on capital lease assets for fiscal years 2019 and 2018 was $5.3 million and $3.2 million, respectively.
See Note 17 - Impairments and Note 15 - Restructurings for information related to property and equipment impaired during fiscal year 2019.
Table:
 | September 27,  | September 28, 
 | 2019 | 2018
Construction in process | 24,848 | 49,661
Machinery and equipment | 175,696 | 174,638
Leasehold improvements | 12,962 | 14,984
Furniture and fixtures | 3,716 | 2,306
Capital lease assets | 46,496 | 19,380
Computer equipment and software | 18,116 | 17,317
           Total property and equipment | 281,834 | 278,286
Less accumulated depreciation and amortization | (149,187) | (128,363)
Property and equipment — net | $132,647 | $149,923


Question: What was the respective value of construction in process in 2019 and 2018?
Answer: 24,848, 49,661
On a sequential basis, ADG revenues were up 3.3%, driven by an increase in volumes of approximately 8%, partially offset by a decrease in average selling prices of approximately 5%, mostly attributable to product mix.
AMS revenues increased 12.1% driven by Analog and Imaging products. AMS increase was due to an increase of approximately 5% in average selling prices, entirely due to product mix, and to higher volumes of approximately of 7%.
MDG revenues increased by 7.9%, mainly driven by Microcontrollers, due to both higher average selling prices of approximately 6%, entirely due to product mix, and higher volumes of approximately 2%.
On a year-over-year basis, fourth quarter net revenues increased by 4.0%. ADG revenues decreased 4.5% compared to the year-ago quarter on lower revenues in both Automotive and Power Discrete. The decrease was entirely due to lower average selling prices of approximately 4%, while volumes remained substantially flat. The decrease in average selling prices was a combination of less favorable product mix and lower selling prices.
AMS fourth quarter revenues grew 9.9% year-over-year, mainly driven by Analog and Imaging. The increase was entirely due to higher average selling prices of approximately 18%, entirely attributable to product mix,
partially offset by lower volumes of approximately 8%. MDG fourth quarter revenues increased by 7.6%, mainly driven by Microcontrollers. The increase was due to higher average selling prices of approximately 9%,
entirely due to improved product mix.
Table:
 |  | Three Months Ended |  | % Variation | 
 | December 31, 2019 | September 29, 2019 | December 31, 2018 | Sequential | Year-Over-Year
 |  |  | (Unaudited, in millions) |  | 
Automotive and Discrete Group (ADG) | $924 | $894 | $967 | 3.3% | (4.5)%
Analog, MEMS and Sensors Group (AMS) | 1,085 | 968 | 988 | 12.1 | 9.9
Microcontrollers and Digital ICs Group (MDG) | 742 | 688 | 689 | 7.9 | 7.6
Others | 3 | 3 | 4 | — | —
Total consolidated net revenues | $2,754 | $2,553 | $2,648 | 7.9% | 4.0%


Question: What led to increase in the revenue of AMS on sequential basis?
Answer: driven by Analog and Imaging products. AMS increase was due to an increase of approximately 5% in average selling prices, entirely due to product mix, and to higher volumes of approximately of 7%.
Services
Teradyne services consist of extended warranties, training and application support, service agreement, post contract customer support (“PCS”) and replacement parts. Each service is recognized based on relative standalone selling price. Extended warranty, training and support, service agreements and PCS are recognized over time based on the period of service. Replacement parts are recognized at a point in time upon transfer of control to the customer.
Teradyne does not allow customer returns or provide refunds to customers for any products or services. Teradyne products include a standard 12-month warranty. This warranty is not considered a distinct performance obligation because it does not obligate Teradyne to provide a separate service to the customer and it cannot be purchased separately. Cost related to warranty are included in cost of revenues when product revenues are recognized.
As of December 31, 2019 and 2018, deferred revenue and customer advances consisted of the following and are included in the short and long-term deferred revenue and customer advances:
Table:
 | 2019 | 2018
 | (in thousands) | 
Maintenance, service and training | $63,815 | $58,362
Extended warranty | 30,677 | 27,422
Customer advances, undelivered elements and other | 56,358 | 24,677
Total deferred revenue and customer advances | $150,850 | $110,461


Question: What was the percentage change in Extended warranty from 2018 to 2019?
Answer: 11.87
Calculation: (30,677-27,422)/27,422
Segment Product Revenue, Operating Income and Operating Income as a Percentage of Revenue
Infrastructure and Defense Products
IDP revenue increased $104.2 million, or 13.2%, in fiscal 2019, compared to fiscal 2018, primarily due to higher demand for our base station products.
IDP operating income increased $31.6 million, or 13.4%, in fiscal 2019, compared to fiscal 2018, primarily due to higher revenue, partially offset by lower gross margin (which was negatively impacted by lower factory utilization).
See Note 16 of the Notes to the Consolidated Financial Statements set forth in Part II, Item 8 of this report for a reconciliation of segment operating income to the consolidated operating income for fiscal years 2019, 2018 and 2017.
Table:
Fiscal Year |  | 
(In thousands, except percentages) | 2019 | 2018
Revenue | $892,665 | $788,495
Operating income | $267,304 | $235,719
Operating income as a % of revenue | 29.9% | 29.9%


Question: What is the value of the revenue in 2018 as a percentage of the revenue in 2019?
Answer: 88.33
Calculation: ($788,495/$892,665)
11. Stock Award Plan
Total recognized stock-based compensation expense is included in our consolidated statements of operations as shown in the table below. Stock-based compensation expense includes both non-cash expense related to grants of stock-based awards as well as cash expense related to the employee discount applied to purchases of our common stock under our employee stock purchase plan.
The estimated income tax benefit of stock-based compensation expense included in the provision for income taxes for the year ended December 31, 2019 is approximately $5.3 million. No stock-based compensation costs were capitalized during the years ended December 31, 2019, 2018 and 2017. The calculation of stock-based compensation expenses includes an estimate for forfeitures at the time of grant.
This estimate can be revised in subsequent periods if actual forfeitures differ from those estimates, which are based on historical trends. Total unrecognized stock-based compensation expense related to nonvested awards and options was $62.4 million as of December 31, 2019, and this expense is expected to be recognized over a weighted-average period of 2.3 years.
Table:
 |  | Year Ended December 31, | 
(In thousands) | 2019 | 2018 | 2017
Cost of revenue: |  |  | 
Software delivery, support and maintenance | $ 2,075 | $ 2,184 | $ 2,879
Client services | 4,067 | 3,997 | 4,484
Total cost of revenue | 6,142 | 6,181 | 7,363
Selling, general and administrative expenses | 27,348 | 24,213 | 23,497
Research and development | 9,200 | 8,937 | 8,605
Total stock-based compensation expense | $ 42,690 | $ 39,331 | $ 39,465


Question: What is included in the stock-based compensation?
Answer: includes both non-cash expense related to grants of stock-based awards as well as cash expense related to the employee discount applied to purchases of our common stock under our employee stock purchase plan.
The following table presents the contractual maturities of our debt investments as of April 26, 2019 (in millions):
Actual maturities may differ from the contractual maturities because borrowers may have the right to call or prepay certain obligations.
Table:
 | Amortized Cost | Fair Value
Due in one year or less | $ 591 | $ 589
Due after one year through five years | 644 | 642
Due after five years through ten years | 455 | 452
 | $ 1,690 | $ 1,683


Question: What was the difference in the total amortized cost and fair value?
Answer: 7
Calculation: 1,690-1,683