hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
13. Loss per Share
The following data shows the amounts used in computing loss per share and the effect on earnings and the weighted average number of shares of dilutive potential common shares.
Basic earnings (loss) per share is computed as net income available to common shareholders divided by the weighted average basic shares outstanding. The outstanding shares used to calculate the weighted average basic shares excludes 300,437, 334,817 and 490,355 of restricted shares and performance shares at March 31, 2019, 2018 and 2017, respectively, as these shares were issued but were not vested and, therefore, not considered outstanding for purposes of computing basic earnings per share at the balance sheet dates.
Diluted earnings (loss) per share includes the effect of all potentially dilutive securities on earnings per share. We have stock options, stock-settled appreciation rights ("SSARs"), unvested restricted shares and unvested performance shares that are potentially dilutive securities. When a loss is reported, the denominator of diluted earnings per share cannot be adjusted for the dilutive impact of sharebased compensation awards because doing so would be anti-dilutive.
In addition, when a net loss 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
Numerator: |  |  | 
Net loss | $(13,164) | $(8,350) | $(11,721)
Denominator: |  |  | 
Weighted average shares outstanding - basic and diluted | 23,037 | 22,801 | 22,615
Loss per share - basic and diluted: |  |  | 
Net loss per share-basic and diluted | $(0.57) | $(0.37) | $(0.52)
Anti-dilutive stock options, SSARs, restricted shares and performance shares | 1,433 | 756 | 1,004


Question: What does the table show?
Answer: the amounts used in computing loss per share and the effect on earnings and the weighted average number of shares of dilutive potential common shares
The assumptions used to calculate these amounts for fiscal 2019 are set forth under Note 16 of the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for fiscal year 2019 filed with the SEC on August 27, 2019.
(2) Amounts shown do not reflect compensation actually received by the NEO. Instead, the amounts shown in this column represent the grant date fair values of stock options issued pursuant to the Company’s 2003 Equity Incentive Plan and certain inducement grants, computed in accordance with FASB ASC Topic 718. The assumptions used to calculate these amounts for fiscal 2019 are set forth under Note 16 of the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for fiscal year 2019 filed with the SEC on August 27, 2019.
(3) All non-equity incentive plan compensation was paid pursuant to the Variable Pay Plan.
(4) The amounts in the “All Other Compensation” column for fiscal 2019 include: $4,000 401(k) matching contribution by the Company for each NEOs other than Mr. McNab.
(5) The Compensation Committee awarded Mr. Maletira a one-time discretionary bonus in the amount of $180,000 in connection with his work on the AvComm and Wireless acquisition. Please see “Discretionary Bonuses” under the Compensation Discussion and Analysis on page 36 of this proxy statement.
(6) Mr. Staley was awarded a $60,000 sign-on bonus when he joined the Company in February 2017.
The amounts in the salary, bonus, and non-equity incentive plan compensation columns of the Summary Compensation Table reflect actual amounts paid for the relevant years, while the amounts in the stock awards column reflect accounting values. The tables entitled “Outstanding Equity Awards at Fiscal Year-End Table” and “Option Exercises and Stock Vested Table” provide further information on the named executive officers’ potential realizable value and actual value realized with respect to their equity awards. The Summary Compensation Table should be read in conjunction with the Compensation Discussion and Analysis and the subsequent tables and narrative descriptions.
Table:
Name | Fiscal Year | Maximum Possible Value of MSUs Using Grant Date Fair Value | Maximum Possible Value of PSUs Using Grant Date Fair Value
Oleg Khaykin | 2019 | 4,067,526 | —
 | 2018 | 2,457,750 | 909,900
 | 2017 | 659,618 | —
Amar Maletira | 2019 | 1,379,350 | —
 | 2018 | 1,015,870 | 454,950
 | 2017 | 574,500 | —
Paul McNab | 2019 | 591,150 | —
 | 2018 | 442,395 | —
 | 2017 | 373,425 | —
Luke Scrivanich | 2019 | 591,150 | —
 | 2018 | 442,395 | —
 | 2017 | 393,600 | —
Gary Staley | 2019 | 591,150 | —
 | 2018 | 943,527 | —
 | 2017 | 303,948 | —


Question: What was the change in maximum possible value of MSU's using grant date fair value for Paul McNab between 2017 and 2018 as a percentage?
Answer: 18.47
Calculation: (442,395-373,425)/373,425
SHARE INFORMATION
On December 31, 2019, the total number of issued common shares of ASMI amounted to 51,297,394 compared to 56,297,394 at year-end 2018. The decrease was the result of the cancellation of 5 million treasury shares that was approved by the Annual General Meeting of Shareholders (AGM) on May 20, 2019, and became effective on July 23, 2019.
On December 31, 2019, we had 48,866,220 outstanding common shares excluding 2,431,174 treasury shares. This compared to 49,318,898 outstanding common shares and 6,978,496 treasury shares at year-end 2018. Besides the cancellation of 5 million treasury shares in July 2019, the change in the number of treasury shares in 2019 was the result of approximately 951,000 repurchased shares and approximately 498,000 treasury shares that were used as part of share based payments.
On December 31, 2019, 48,583,340 of the outstanding common shares were registered with our transfer agent in the Netherlands, ABN AMRO Bank NV; and 282,880 were registered with our transfer agent in the United States, Citibank, NA, New York.
On February 25, 2020, ASMI announced that it will propose to the AGM 2020 the cancellation of 1.5 million treasury shares, as the number of 2.4 million treasury shares held at that date was more than sufficient to cover our outstanding options and restricted/performance shares.
Table:
 | 2018 | 2019
As per January 1: |  | 
Issued shares | 62,297,394 | 56,297,394
Treasury shares | 6,157,241 | 6,978,496
Outstanding shares | 56,140,153 | 49,318,898
Changes during the year: |  | 
Cancellation of treasury shares | 6,000,000 | 5,000,000
Share buybacks | 7,242,734 | 950,902
Treasury shares used for share based performance programs | 421,479 | 498,224
As per December 31: |  | 
Issued shares | 56,297,394 | 51,297,394
Treasury shares | 6,978,496 | 2,431,174
Outstanding shares | 49,318,898 | 48,866,220


Question: At which point of time was the Outstanding shares the greatest?
Answer: January 1, 2018
Calculation: For COL 3 and 4 rows 5 and 13 find the largest number and the corresponding time period
Uncertain Tax Positions
In accordance with authoritative guidance, the impact of an uncertain income tax position on the income tax return must be recognized at the largest amount that is more-likely-than-not to be sustained upon audit by the relevant taxing authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained.
The following table reconciles the beginning and ending amount of unrecognized tax benefits for the fiscal years ended September 30, 2019, 2018,and 2017 (amounts shown in thousands):
Of the total unrecognized tax benefits at September 30, 2019, $1.6 million will impact the Company’s effective tax rate. The Company does not anticipate that there will be a substantial change in unrecognized tax benefits within the next twelve months.
The Company's practice is to recognize interest and/or penalties related to income tax matters in income tax expense. As of September 30, 2019, no accrued interest or penalties related to uncertain tax positions are recorded in the consolidated financial statements.
The Company is subject to income taxation in the U.S. at the federal and state levels. All tax years are subject to examination by U.S., California, and other state tax authorities due to the carryforward of unutilized net operating losses and tax credits. The Company is also subject to foreign income taxes in the countries in which it operates. The Company’s U.S. federal tax return for the year ended September 30, 2017 is currently under examination. To our knowledge, the Company is not currently under examination by any other taxing authorities.
Table:
 | 2019 | 2018 | 2017
Gross unrecognized tax benefits at the beginning of the year | $1,321 | $1,181 | $—
Additions from tax positions taken in the current year | 213 | 140 | 140
Additions from tax positions taken in prior years | 73 | — | 1,041
Reductions from tax positions taken in prior years | — | — | —
Tax settlements | — | — | —
Gross unrecognized tax benefits at end of the year | $1,607 | $1,321 | $1,181


Question: How much of total unrecognized tax benefits will impact the Company’s effective tax rate on September 30, 2019?
Answer: $1.6 million
Share-based Compensation Expense
We have several share-based compensation plans covering stock options and RSUs for our employees and directors, which are described more fully in Note 11.
We measure our compensation cost related to share-based payment transactions based on fair value of the equity or liability classified instrument. For purposes of estimating the fair value of each stock option unit on the date of grant, we utilize the Black-Scholes option-pricing model. Option valuation models require the input of highly subjective assumptions including the expected volatility factor of the market price of our common stock (as determined by reviewing our historical public market closing prices). Our accounting for share-based compensation for RSUs is based on the closing market price of our common stock on the date of grant.
Our total share-based compensation expense recognized in the Company’s results of operations from non-cash and cash-portioned instruments issued to our employees and directors comprised the following (in thousands):
Table:
 |  | Year Ended December 31,
 | 2019 | 2018
Research and development expense: |  | 
Stock option awards | $8 | $38
RSU awards | 13 | 27
 | 21 | $65
General and administrative expense: |  | 
Stock option awards | 12 | 61
RSU awards | 105 | 104
 | 117 | $165
Total share-based compensation expense | 138 | $230


Question: How is share-based compensation expense measured?
Answer: We measure our compensation cost related to share-based payment transactions based on fair value of the equity or liability classified instrument.
Property and equipment consist of the following (in thousands):
Depreciation expense was $1.2 million and $1.6 million for the years ended December 31, 2019 and 2018, respectively.
Amortization of capitalized internal-use software and website development costs was $157,000 and $247,000 for the years ended December 31, 2019 and 2018, respectively.
Table:
December 31, |  | 
 | 2019 | 2018
Computer hardware and software | $3,427 | $3,353
Office equipment and office furniture | 8,148 | 7,814
Capitalized internal-use software and website development | 4,390 | 4,383
Leasehold improvements | 6,247 | 6,140
 | 22,212 | 21,690
Less accumulated depreciation and amortization | (19,230) | (17,900)
Total | $2,982 | $3,790


Question: What is the percentage change in the leasehold improvements amount from 2018 to 2019?
Answer: 1.74
Calculation: (6,247-6,140)/6,140
5 Staff costs and numbers
The aggregate payroll costs of persons employed by the Group were as follows:
Table:
 | 2019 | 2018
 | £m | £m
Wages and salaries | 345.6 | 325.9
Social security costs | 71.6 | 58.7
Pension costs | 21.5 | 19.3
Total payroll costs | 438.7 | 403.9


Question: What was the change in social security costs in 2019 from 2018?
Answer: 12.9
Calculation: 71.6-58.7
Stock options weighted average remaining contractual terms (in years) information at December 31, for the years 2019, 2018, and 2017 is as follows:
As of December 31, 2019, total unrecognized expense related to non-vested restricted stock unit awards and stock options was $45 million, and is expected to be recognized over a weighted average period of 1.8 years.
Table:
 | 2019 | 2018 | 2017
Outstanding | 4.2 | 3.6 | 4.1
Vested and expected to vest | 5.0 | 3.6 | 4.1
Exercisable | 2.1 | 2.4 | 2.8


Question: In which years is information on Stock options weighted average remaining contractual terms provided?
Answer: 2019, 2018, 2017
Note 6 — Accounts Receivable, net
The Company’s net accounts receivable consists of:
At December 31, 2019 and 2018, the Company had recorded allowances for doubtful accounts of $1.8 million and $1.3 million, respectively, against Restaurant/Retail segment accounts receivable. Write-offs of accounts receivable during fiscal years 2019 and 2018 were $0.3 million and $0.4 million, respectively. The bad debt expense which is recorded in the consolidated statements of operations was $0.8 million and $0.8 million in 2019 and 2018, respectively.
Receivables recorded as of December 31, 2019 and 2018 all represent unconditional rights to payments from customers.
Table:
 | December 31, | 
 | (in thousands) | 
 | 2019 | 2018
Government segment: |  | 
Billed | $11,608 | $9,100
Advanced billings | (608) | (563)
 | 11,000 | 8,537
Restaurant/Retail segment: |  | 
Accounts receivable - net | 30,774 | 17,682
 | $41,774 | $26,219


Question: What is the change in Government segment: Advanced billings between December 31, 2018 and 2019?
Answer: 45
Calculation: 608-563
2020 Incentive Plan Enhancements.
For 2020, we have transitioned into the operation phase of our long-term strategy. As discussed further in this
CD&A, following an internal review process, extensive discussions with our shareholders and consultation with our executive compensation consultants, we revised the design for our 2020 incentive programs to support our strategic priorities as described below:
• added Revenue as metric to our STI plan to encourage and reward top-line performance • changed the metric and performance period for our LTI plan to three-year cumulative Adjusted EBITDA target • added three-year Relative TSR Modifier, as a positive or negative adjustment +/- 20%, for our LTI plan.
Table:
 | Short-Term Incentive Plan | 
Strategy | Integrate and Transform | Operate
Metrics | 2018 & 2019 Weighting | 2020 Weighting
Adjusted EBITDA | 65% | 50%
Free Cash Flow | 25% | 25%
Revenue | — | 15%
Customer Experience | 10% | 10%
 | Long-Term Incentive Plan | 
Strategy | Integrate and Transform | Operate
Metrics | 2018 & 2019 Weighting | 2020 Weighting
Adjusted EBITDA Run Rate (2 year) | 100% | —
Cumulative Adjusted EBITDA (3 year) | — | 100%
Relative TSR Modifier (3 year) | — | +/-20%


Question: Which metric was added under the Short-Term Incentive Plan for the 2020 incentive programs?
Answer: Revenue
NOTE 14. PROVISION FOR WARRANTY
The changes in the amount of provision for warranty are as follows:
Costs of warranty include the cost of labor and materials to repair a product during the warranty period. The main term of the warranty period is one year. The Company accrues for the estimated cost of the warranty on its products shipped in the provision for warranty, upon recognition of the sale of the product. The costs are estimated based on actual historical expenses incurred and on estimated future expenses related to current sales, and are updated periodically. Actual warranty costs are charged against the provision for warranty.
Table:
 | December 31, | 
 | 2018 | 2019
Balance January 1 | 6,562 | 7,955
Charged to cost of sales | 18,408 | 26,301
Deductions | (8,985) | (12,232)
Releases of expired warranty | (8,214) | (5,684)
Foreign currency translation effect | 184 | 84
Balance December 31 | 7,955 | 16,424


Question: What is the change in balance at start of year from 2018 to 2019?
Answer: 1393
Calculation:  7,955 - 6,562
Geographical information
Net revenues by geography are based on the billing addresses of our customers. The following table represents net revenues by geographic area for the periods presented:
Note: The Americas include U.S., Canada, and Latin America; EMEA includes Europe, Middle East, and Africa; APJ includes Asia Pacific and Japan
Revenues from customers inside the U.S. were $2.8 billion, $2.8 billion, and $2.1 billion during fiscal 2019, 2018, and 2017, respectively. No other individual country accounted for more than 10% of revenues.
Table:
 |  | Year Ended | 
(In millions) | March 29, 2019 | March 30, 2018 | March 31, 2017
Americas | $3,028 | $3,031 | $2,329
EMEA | 1,002 | 1,048 | 955
APJ | 701 | 755 | 735
Total net revenues | $4,731 | $4,834 | $4,019


Question: What are the regions included in the table?
Answer: Americas, EMEA, APJ
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 was the Total accrued expenses and other liabilities in 2018?
Answer: 37,347
CREDIT RISK
We are exposed to credit risk from operating activities and certain financing activities, the maximum exposure of which is represented by the carrying amounts reported in the statements of financial position.
We are exposed to credit risk if counterparties to our trade receivables and derivative instruments are unable to meet their obligations. The concentration of credit risk from our customers is minimized because we have a large and diverse customer base. There was minimal credit risk relating to derivative instruments at December 31, 2019 and 2018. We deal with institutions that have investment-grade credit ratings, and as such we expect that they will be able to meet their obligations. We regularly monitor our credit risk and credit exposure.
The following table provides the change in allowance for doubtful accounts for trade receivables.
Table:
 | NOTE | 2019 | 2018
Balance, January 1 |  | (51) | (54)
Adoption of IFRS 9 |  | – | (4)
Additions |  | (114) | (84)
Usage |  | 103 | 91
Balance, December 31 | 10 | (62) | (51)


Question: Why is the concentration of credit risk from customers minimized?
Answer: because we have a large and diverse customer base
Description of Business
Key Clients. We work with the leading communication service providers located around the world. A partial list of our key clients as of December 31, 2019 is included below:
Clients that represented 10% or more of our revenues for 2019 and 2018 were as follows (in millions, except percentages):
See the Significant Client Relationships section of our Management’s Discussion and Analysis (“MD&A”) for additional information regarding our business relationships with these key clients.
Research and Development. Our clients around the world are facing competition from new entrants and at the same time, are deploying new services at a rapid pace and dramatically increasing the complexity of their business operations. Therefore, we continue to make meaningful investments in R&D to ensure that we stay ahead of our clients’ needs and advance our clients’ businesses as well as our own. We believe our value proposition is to provide solutions that help our clients ensure that each customer interaction is an opportunity to create value and deepen the business relationship.
Our total R&D expenses for 2019 and 2018 were $128.0 million and $124.0 million, respectively, or approximately 13% and 14%, respectively, of our total revenues. We anticipate the level of R&D investment in the near-term to be relatively consistent with that of 2019.
There are certain inherent risks associated with significant technological innovations. Some of these risks are described in this report in our Risk Factors section below.
Table:
 |  | 2019 |  | 2018
 | Amount | % of Revenues | Amount | % of Revenues
Comcast | $ 229 | 23% | $221 | 25%
Charter | 195 | 20% | 179 | 20%


Question: What is the average revenue earned by Comcast between 2018 and 2019?
Answer: 225
Calculation: $(229 + 221)/2
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
In February 2018, Advanced Energy acquired Trek Holding Co., LTD ("Trek"), a privately held company with operations in Tokyo, Japan and Lockport, New York, for $6.1 million, net of cash acquired. Trek has a 95% ownership interest in its U.S. subsidiary which is also its primary operation.
The components of the fair value of the total consideration transferred for our 2018 acquisitions are as follows:
Table:
 | Trek | Electrostatic Product Line | LumaSense | Total
Cash paid for acquisition | $11,723 | $3,000 | $94,946 | $ 109,669
Less cash acquired | (5,651) | — | (10,262) | (15,913)
Total purchase price | $6,072 | $3,000 | $84,684 | $ 93,756


Question: What was the difference in the fair value of cash paid for acquisition between Trek and Electrostatic Product Line?
Answer: 8723
Calculation: $11,723-$3,000
Note 12 – Income Taxes
Income tax expense for the fiscal years ended December 27, 2019, December 28, 2018 and December 29, 2017 differed from amounts computed using the statutory federal income tax rate due to the following reasons:
Table:
 | December 27, 2019  | December 28, 2018  | December 29, 2017
Statutory U.S. Federal tax | $6,805 | $5,847 | $6,443
Differences due to: |  |  | 
State and local taxes, net of federal benefit  | 2,078 | 1,906 | 1,112
Change in valuation allowance  | 95 | 523 | 289
Impact of the Tax Act  | — | — | (3,573)
Stock compensation  | (676) | (197) | 162
Other  | (92) | (637) | (391)
Income tax expense | $8,210 | $7,442 | $4,042


Question: Which year has the highest Statutory U.S. Federal tax?
Answer: 2019
Calculation: 6,805> 6,443> 5,847
Financial and Operating Highlights
CONTINUING OPERATIONS
(1) See reconciliation of GAAP to non-GAAP financial measures tables in Management’s Discussion and Analysis of Financial Condition and Results of Operations in the Form 10-K.
Table:
(Amounts in thousands, except per share data and percentages) | 2019 | 2018 | 2017
Bookings | $1,002,320 | $2,779,782 | $1,234,013
Backlog | $3,400,952 | $4,064,451 | $2,536,499
Sales | $1,496,475 | $1,202,898 | $1,107,709
Sales growth % | 24% | 9% | 
Research & development | $50,132 | $52,398 | $52,652
Operating income | $86,237 | $24,382 | $2,628
Net income (loss) per share, continuing operations attributable to Cubic | $1.67 | $0.29 | $(0.95)
Adjusted EBITDA (1) | $146,594 | $104,561 | $87,470
Adjusted EBITDA growth % | 40% | 20% | 
Adjusted earnings per share (1) | $3.13 | $2.19 | $1.62
Adjusted earnings per share growth % | 43% | 35% | 
Cash dividend per share | $0.27 | $0.27 | $0.27
Long-term debt, inclusive of current portion | $199,824 | $199,793 | $199,761


Question: What are the periods highlighted in the table?
Answer: 2019, 2018, 2017