hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Thomas Clark
(1) Represents accelerated vesting of 33,711 stock options. Pursuant to Mr. Clark’s stock option agreements (dated January 17, 2019), if Mr. Clark’s employment is terminated without cause or for good reason within six months following a “change in control”, he will become immediately vested in all outstanding unvested stock options, and all of Mr. Clark’s outstanding options shall remain exercisable in accordance with their terms, but in no event for less than 90 days after such termination. (1) Represents accelerated vesting of 33,711 stock options. Pursuant to Mr. Clark’s stock option agreements (dated January 17, 2019), if Mr. Clark’s employment is terminated without cause or for good reason within six months following a “change in control”, he will become immediately vested in all outstanding unvested stock options, and all of Mr. Clark’s outstanding options shall remain exercisable in accordance with their terms, but in no event for less than 90 days after such termination. (1) Represents accelerated vesting of 33,711 stock options. Pursuant to Mr. Clark’s stock option agreements (dated January 17, 2019), if Mr. Clark’s employment is terminated without cause or for good reason within six months following a “change in control”, he will become immediately vested in all outstanding unvested stock options, and all of Mr. Clark’s outstanding options shall remain exercisable in accordance with their terms, but in no event for less than 90 days after such termination.
(2) Represents accelerated vesting of 8,340 unvested performance restricted stock units. Pursuant to Mr. Clark’s performance restricted stock unit agreement (dated January 17, 2019), if Mr. Clark’s employment is terminated without cause or for good reason within six months following a “change in control” or if Mr. Clark's employment is terminated due to death or total disability, all non-vested units shall accelerate and be vested as of the date of termination.
Table:
Type of Payment | Termination by Systemax without “Cause” or Resignation by Employee for “good reason” ($) | Termination Due to Death or Total Disability ($) | Change In Control Only ($) | Termination by Systemax without “Cause” or Resignation by Employee for “good reason” within a certain period of time following a Change in Control ($)
Cash Compensation (Salary & Non-Equity Incentive Compensation) | - | - | - | -
Value of Accelerated Vesting of Stock Option Awards | - | - | - | 314,100 (1)
Value of Accelerated Vesting of Restricted Stock Unit Awards | - | - | - | -
Value of Accelerated Vesting of Performance Restricted Stock Unit Awards | - | 209,800 (2) | - | 209,800 (2)
Medical and Other Benefits | - | - | - | -
Total | - | 209,800 | - | 523,900


Question: What are the Thomas Clark's accelerated vesting of stock options and unvested performance restricted stock units respectively?
Answer: 33,711, 8,340
Unrecognized Tax Benefits
The Company operates in multiple jurisdictions throughout the world and the income tax returns of its subsidiaries in various jurisdictions are subject to periodic examination by the tax authorities. The Company regularly assesses the status of these  examinations and the various outcomes to determine the adequacy of its provision for income taxes. The amount of gross unrecognized tax benefits totaled $3.1 million and $1.4 million at April 27, 2019 and April 28, 2018, respectively. These amounts represent the amount of unrecognized benefits that, if recognized, would favorably impact the effective tax rate if resolved in the Company’s favor.
The following table presents a reconciliation of the beginning and ending amounts of unrecognized tax benefits:
At April 27, 2019, it is not possible to reasonably estimate the expected change to the total amount of unrecognized tax benefits in the next twelve months.
The U.S. federal statute of limitations remains open for fiscal years ended on or after 2016 and for state tax purposes on or after fiscal year 2013. Tax authorities may have the ability to review and adjust net operating losses or tax credits that were generated prior to these fiscal years. In the major foreign jurisdictions, fiscal 2012 and subsequent periods remain open and subject to examination by taxing authorities.
The continuing practice of the Company is to recognize interest and penalties related to income tax matters in the provision for income taxes. The Company had $0.1 million accrued for interest and no accrual for penalties at April 27, 2019.
Table:
(Dollars in Millions) | April 27, 2019 | April 28, 2018
Balance at Beginning of Fiscal Year | $1.4 | $1.3
Increases for Positions Related to the Prior Years | 1.8 | —
Increases for Positions Related to the Current Year | 0.9 | 0.1
Decreases for Positions Related to the Prior Years | — | —
Lapsing of Statutes of Limitations | (1.0) | —
Balance at End of Fiscal Year | $3.1 | $1.4


Question: What was the Balance at Beginning of Fiscal Year in 2019?
Answer: 1.4
Performance-Based Restricted Stock Units
Performance-based restricted stock units are eligible to vest at the end of each fiscal year in a three-year performance period based on the Company’s annual growth rate in net sales and non-GAAP diluted earnings per share (subject to certain adjustments) over a multiple of four times the related results for the fourth quarter of 2018 relative to the growth rates for a peer group of companies for the same metrics and periods.
For the performance-based restricted stock units granted in 2019, 60% of each performance-based award is subject to the net sales metric for the performance period and 40% is subject to the non-GAAP diluted earnings per share metric for the performance period. The maximum percentage for a particular metric is2 50% of the target number of units subject to the award related to that metric, however, vesting of the performance stock units is capped at 30% and 100%, respectively, of the target number of units subject to the award in years one and two, respectively, of the three-year performance period.
As of December 31, 2019, the Company believes that it is probable that the Company will achieve performance metrics specified in the award agreement based on its expected revenue and non-GAAP diluted EPS results over the performance period and calculated growth rates relative to its peers’ expected results based on data available, as defined in the award agreement.
A summary of the Company’s performance-based restricted stock unit activity is as follows:
(1) Number of shares granted is based on the maximum percentage achievable in the performance-based restricted stock unit award.
Table:
 | Number of Shares | Weighted-Average Grant-Date
 | (in thousands) | Fair Value per Share
Outstanding at December 31, 2018 | — | $—
Granted(1) | 445 | 22.21
Outstanding at December 31, 2019 | 445 | 22.21


Question: In which year was outstanding shares less than 200 thousands?
Answer: 2018
Calculation: locate and analyze outstanding in rows 3 and 5
9. Available-for-Sale Debt Investments and Equity Investments
The following table summarizes our available-for-sale debt investments and equity investments (in millions):
(1) We held equity interests in certain private equity funds of $0.6 billion as of July 27, 2019 which are accounted for under the NAV practical expedient following the adoption of ASU 2016-01, Financial Instruments, starting in the first quarter of fiscal 2019.
Table:
 | July 27, 2019 | July 28, 2018
Available-for-sale debt investments | $21,660 | $37,009
Marketable equity securities | 3 | 605
Total investments | 21,663 | 37,614
Non-marketable equity securities included in other assets (1) | 1,113 | 978
Equity method investments included in other assets | 87 | 118
Total | $22,863 | $38,710


Question: How many years did total investments exceed $30,000 million?
Answer: 1
Calculation: 2018
The 2022 Notes consist of the following (in thousands):
(1) Recorded in the consolidated balance sheet within additional paid-in capital, net of $0.8 million transaction costs in equity. December 31, 2019 also includes $36.7 million market premium representing the excess of the total consideration delivered over the fair value of the liability recognized related to the $23.0 million principal balance repurchase of the 2022 Notes.
Table:
 | As of December 31, | 
 | 2019 | 2018
Liability component: |  | 
Principal | $92,000 | $115,000
Less: debt discount, net of amortization | (12,776) | (20,903)
Net carrying amount | $79,224 | $94,097
Equity component (1) | (14,555) | 22,094


Question: How much was the market premium at December 31, 2019?
Answer: $36.7 million
Principal Accounting Fees and Services
The following table sets forth fees for services provided by Deloitte & Touche LLP, the member firms of Deloitte Touche Tohmatsu, and their respective affiliates (collectively, ‘‘Deloitte’’) during fiscal 2019 and 2018:
(1) Represents fees for professional services provided in connection with the integrated audit of our annual financial statements and internal control over financial reporting and review of our quarterly financial statements, advice on accounting matters that arose during the audit and audit services provided in connection with other statutory or regulatory filings.
(2) Represents tax compliance and related services.
(3) Represents the annual subscription for access to the Deloitte Accounting Research Tool, which is a searchable on-line accounting database.
Table:
 | 2019 | 2018
Audit fees (1) | $3,454,348 | $3,589,147
Tax fees (2) | 546,618 | 931,017
All other fees (3) | 1,895 | 1,895
Total | $4,002,861 | $4,522,059


Question: In which year were tax fees larger?
Answer: 2018
Calculation: 931,017>546,618
The Company’s estimated future benefit payments as of December 31, 2019 are as follows:
The Company has certain defined contribution plans, which accrue benefits for employees on a pro-rata basis during their employment period based on their individual salaries. The Company’s accrued benefits related to defined contribution pension plans of $20 million as of December 31, 2019 and $18 million as of December 31, 2018. The annual cost of these plans amounted to approximately $86 million in 2019, $84 million in 2018 and $77 million in 2017.
Table:
Years | Pension Benefits | Other Long Term Benefits
2020 | 32 | 7
2021 | 29 | 7
2022 | 32 | 5
2023 | 41 | 6
2024 | 51 | 9
From 2025 to 2029 | 272 | 35


Question: What is the average benefit payments for 2021 to 2022?
Answer: 30.5
Calculation: (29+32) / 2
The income tax (benefit) provision was charged to continuing operations or accumulated other comprehensive income (loss) as follows:
Prior year balances related to deferred tax assets and liabilities have been recast to net the federal effect of state taxes with the specific deferred tax asset or liability to which it relates
Table:
Year Ended December 31, |  |  | 
(dollars in millions) | 2019 | 2018 | 2017
Income tax (benefit) provision related to: |  |  | 
Continuing operations | $(10.6) | $9.4 | $26.7
Accumulated other comprehensive income (loss) | 0.2 | 1.3 | (28.3)


Question: What is the income tax (benefit) provision related to continuing operations in 2017 and 2018?
Answer: 36.1
Calculation: $26.7+$9.4
18. Geographic Information
Property and equipment, net by geography was as follows:
No individual international country represented more than 10% of property and equipment, net in any period presented.
Table:
 | Year Ended December31, | 
 | 2019 | 2018
U.S. | 200.4 | 231.0
International | 58.2 | 68.0
 | $258.6 | $299.0


Question: What are the two geographic regions listed in the table?
Answer: U.S., International
(19) Income Taxes
Income tax expense (benefit) consists of the following (in millions):
On December 22, 2017, the Tax Reform Act was signed into law. Among other provisions, the Tax Reform Act reduced the federal statutory corporate income tax rate from 35% to 21%. During the fourth quarter of 2017, we recorded a one-time, noncash net tax benefit of $110.9 million related to the revaluation of our deferred income tax assets and liabilities as a result of the Tax Reform Act.
Table:
 |  | Year ended December 31, | 
 | 2019 | 2018 | 2017
Current: |  |  | 
Federal | $39.5 | $35.0 | $10.4
State | 9.7 | 9.4 | 5.3
Foreign | 0.9 | 0.8 | 0.9
Total current | 50.1 | 45.2 | 16.6
Deferred: |  |  | 
Federal | (0.2) | (2.3) | (87.5)
State | (8.0) | (5.2) | 9.1
Total deferred | (8.2) | (7.5) | (78.4)
Total income tax expense (benefit) | $41.9 | $37.7 | $(61.8)


Question: What was the percentage change in the total current income tax benefit between 2018 and 2019?
Answer: 10.84
Calculation: (50.1-45.2)/45.2
1. Description of the business and summary of significant accounting policies: (Continued)
Shares of restricted stock are included in the computation of basic EPS as they vest and are included in diluted EPS, to the extent they are dilutive, determined using the treasury stock method.
The following details the determination of the diluted weighted average shares:
Table:
 | Year Ended December 31, 2019 | Year Ended December 31, 2018 | Year Ended December 31, 2017
Weighted average common shares—basic | 45,542,315 | 45,280,161 | 44,855,263
Dilutive effect of stock options | 32,222 | 33,134 | 31,534
Dilutive effect of restricted stock | 505,858 | 467,659 | 297,406
 | 46,080,395 | 45,780,954 | 45,184,203


Question: What is the average number of basic weighted average common shares in 2017 and 2018?
Answer: 45067712
Calculation: (44,855,263 + 45,280,161)/2
The Group’s revenue mainly comprises the sale of goods in-store and online, and hospitality and leisure services. Revenue is recognised when control of the goods has transferred to the customer or when the service is provided at an amount that reflects the consideration to which the Group expects to be entitled.
For sale of goods in-store, control of the goods transfers to the customer at the point the customer purchases the goods in-store. For sale of goods online, control of the goods transfers to the customer at the point the goods are delivered to, or collected by, the customer. Where payment for the goods is received prior to control transferring to the customer, revenue recognition is deferred in contract liabilities within trade and other payables in the Consolidated Statement of Financial Position until the goods have been delivered to, or collected by, the customer.
Woolworths Rewards points granted by the Group provide customers with a material right to a discount on future purchases. The amounts allocated to Woolworths Rewards points are deferred in contract liabilities within trade and other payables in the Consolidated Statement of Financial Position until redeemed by the customer.
Table:
 | 2019 | 2018
 | 53 WEEKS | 52 WEEKS
 | $M | $M
Sale of goods in-store | 54,720 | 52,533
Sale of goods online | 2,534 | 1,883
Leisure and hospitality services | 1,671 | 1,612
Other | 1,059 | 916
Total | 59,984 | 56,944


Question: What is the sale of goods in-store in 2019?
Answer: 54,720
FY19 Financial Results
FY19 Challenges
While we saw improvements in some areas of our business, our overall performance and stock price was negatively impacted by several significant factors: • Revenue and business momentum in our former Enterprise Security segment declined in FY19. • The Company was subject to an internal investigation, which was commenced and completed by the Audit Committee of the Board (the ‘‘Audit Committee’’) in connection with concerns raised by a former employee. • We announced a restructuring plan pursuant to which we targeted reductions of our global workforce of up to approximately 8%. • Our executive leadership team was in transition with announced executive officer departures in November 2018 and January 2019.
Table:
 | Fiscal 2019 | Fiscal 2018
(In millions, except for per share amounts) | (‘‘FY19’’) | (‘‘FY18’’)
Net revenues | $4,731 | $4,834
Operating income | 380 | 49
Net income | 31 | 1,138
Net income per share — diluted | 0.05 | 1.70
Net cash provided by operating activities | 1,495 | 950


Question: What is Net income expressed as a percentage of Net revenues for FY19?
Answer: 0.66
Calculation: 31/4,731
Our revenues for 2019 include $1.9 million related to the acquired MGI business. Our net loss for 2019 includes $0.3 million of net loss from the acquired MGI business. The following table provides unaudited pro forma information for the periods presented as if the MGI acquisition had occurred January 1, 2018.
No adjustments have been made in the pro forma information for synergies that are resulting or planned from the MGI acquisition. The unaudited proforma information is not indicative of the results that may have been achieved had the companies been combined as of January 1, 2018, or of our future operating results.
Table:
 | Year Ended December 31 | 
 | 2019 | 2018
Revenues (in thousands) | $ 224,913 | $ 17,542
Loss from continuing operations (in thousands) | $ (13,432) | $ ( 7,792)
Loss per share - continuing operations | $           (0.42) | $          ( 0.35)
Weighted average number of common shares outstanding - basic and diluted | 32,359,316 | 22,099,149


Question: What are the respective loss from continuing operations in 2018 and 2019?
Answer: 7,792, 13,432
Dividends
The following table shows our total cash dividends paid in the years ended December 31:
On February 13, 2020, our Board of Directors declared a quarterly cash dividend of $0.16 per common share payable on March 20, 2020 to stockholders of record at the close of business on March 6, 2020. The estimated amount of this dividend payment is $24.8 million based on 154.7 million shares of our common stock issued and outstanding as of February 21, 2020.
The dividend payments discussed above are recorded as reductions to cash and cash equivalents and retained earnings on our Consolidated Balance Sheets. Our credit facility and our senior notes contain covenants that restrict our ability to declare or pay dividends and repurchase stock. However, we do not believe these covenants are likely to materially limit the future payment of quarterly cash dividends on our common stock. From time to time, we may consider other means of returning value to our stockholders based on our consolidated financial condition and results of operations. There is no guarantee that our Board of Directors will declare any further dividends.
Table:
(In millions, except per share amounts) | Total Cash Dividends Paid | Total Cash Dividends Paid Per Common Share
2017 | $119.7 | $0.64
2018 | 102.9 | 0.64
2019 | 99.1 | 0.64
Total | $321.7 | 


Question: About how many common shares were there in total for all years?
Answer: 502.66
Calculation: 321.7/0.64
In 2019, Global Financing delivered external revenue of $1,400 million and total revenue of $2,632 million, with a decrease in gross margin of 2.7 points to 58.8 percent. Total pre-tax income of $1,055 million decreased 22.5 percent compared to 2018 and return on equity decreased 5.0 points to 25.8 percent.
Global Financing total revenue decreased 17.8 percent compared to the prior year. This was due to a decrease in internal revenue of 23.5 percent, driven by decreases in internal used equipment sales (down 27.4 percent to $862 million) and internal financing (down 12.6 percent to $370 million). External revenue declined 11.9 percent due to decreases in external financing (down 8.5 percent to $1,120 million) and external used equipment sales (down 23.4 percent to $281 million).
The decrease in internal financing revenue was due to lower average asset balances, partially offset by higher asset yields. The decrease in external financing revenue reflects the wind down of the OEM IT commercial financing operations.
Sales of used equipment represented 43.4 percent and 48.5 percent of Global Financing’s revenue for the years ended December 31, 2019 and 2018, respectively. The decrease in 2019 was due to a lower volume of internal used equipment sales. The gross profit margin on used sales was 52.2 percent and 54.2 percent for the years ended December 31, 2019 and 2018, respectively. The decrease in the gross profit margin was driven by lower margins on internal used equipment sales.
Global Financing pre-tax income decreased 22.5 percent year to year primarily driven by a decrease in gross profit ($422 million), partially offset by a decrease in total expense ($115 million), which was mainly driven by a decline in IBM shared expenses in line with the segment’s performance, a lower provision for credit losses and a gain from the sale of certain commercial financing capabilities in the first quarter of 2019.
The decrease in return on equity from 2018 to 2019 was primarily due to lower net income. Refer to page 45 for the details of the after-tax income and return on equity calculations.
Table:
($ in millions) |  |  | 
For the year ended December 31: | 2019 | 2018 | Yr.-to-Yr. Percent Change
External revenue | $1,400 | $1,590 | (11.9) %
Internal revenue | 1,232 | 1,610 | (23.5)
Total revenue | $2,632 | $3,200 | (17.8) %
Pre-tax income | $1,055 | $1,361 | (22.5) %


Question: What caused the internal financing revenue to decrease?
Answer: The decrease in internal financing revenue was due to lower average asset balances, partially offset by higher asset yields. The decrease in external financing revenue reflects the wind down of the OEM IT commercial financing operations.
Non‐executive Director fees are paid from an aggregate annual fee pool of $4,000,000, as approved by shareholders at the AGM on 18 November 2010. Total board and committee fees paid during F19 were $2,859,903 (refer to section 5.1).
Non‐executive Directors do not receive variable pay and no Directors’ fees are paid to Executive Directors.
In recognition of the equal importance and workload of all of the Board’s Committees, the Board reviewed Non‐executive Director fees and determined to increase Chair and Member fees for the People Performance Committee and Sustainability Committee as detailed in the table below, effective 1 July 2019. The table below provides a summary of F19 and F20 Board and Committee fees:
Table:
 | CHAIR |  | MEMBER | 
 | F19 FEE | F20 FEE | F19 FEE | F20 FEE
BOARD AND COMMITTEE FEES ($) | INCL. SUPER | INCL. SUPER | INCL. SUPER | INCL. SUPER
Board | $790,531 | $790,531 | $254,990 | $254,990
Audit, Risk Management and Compliance Committee | $65,000 | $65,000 | $32,500 | $32,500
People Performance Committee | $54,525 | $65,000 | $27,265 | $32,500
Sustainability Committee | $45,000 | $65,000 | $22,500 | $32,500
Nomination Committee | Nil | Nil | Nil | Nil


Question: What is the nominal difference for the fees paid in F19 and F20 to a member in the board?
Answer: 0
Calculation: 254,990 - 254,990