hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Dividends
Cal-Maine pays a dividend to shareholders of its Common Stock and Class A Common Stock on a quarterly basis for each quarter for which the Company reports net income computed in accordance with generally accepted accounting principles in an amount equal to one-third (1/3) of such quarterly income. Dividends are paid to shareholders of record as of the 60th day following the last day of such quarter, except for the fourth fiscal quarter. For the fourth quarter, the Company will pay dividends to shareholders of record on the 65th day after the quarter end. Dividends are payable on the 15th day following the record date. Following a quarter for which the Company does not report net income, the Company will not pay a dividend for a subsequent profitable quarter until the Company is profitable on a cumulative basis computed from the date of the last quarter for which a dividend was paid. Dividends payable, which would represent accrued unpaid dividends applicable to the Company's fourth quarter, were zero at June 1, 2019 and $17.1 million at June 2, 2018. At June 1, 2019, cumulative losses that must be recovered prior to paying a dividend were $19.8 million.
*Dividends per common share = 1/3 of Net income (loss) attributable to Cal-Maine Foods, Inc. available for dividend ÷ Total common stock outstanding (shares).
Table:
 | 13 Weeks Ended |  | 52 Weeks Ended | 
 | June 1, 2019 | June 2, 2018 | June 1, 2019 | June 2, 2018
Net income (loss) attributable to Cal-Maine Foods, inc. | $(19,761) | $71,767 | $54,229 | $125,932
Cumulative losses to be recovered prior to payment of dividend at beginning of the period | — | (20,488) | — | (74,653)
Net income (loss) attributable to Cal-Maine Foods, Inc. available for dividend | $(19,761) | $51,279 | $54,229 | $51,279
1/3 of net income attributable to Cal-Maine Foods, Inc. | — |  |  | 
Common stock outstanding (shares) | 43,894 |  |  | 
Class A common stock outstanding (shares) | 4,800 |  |  | 
Total common stock outstanding (shares) | 48,694 |  |  | 
Dividends per common share* | $- | $0.351 | $0.506 | $0.351


Question: Except for the fourth fiscal year, on which day would the dividend be paid to the shareholders?
Answer: 60th day following the last day of such quarter
NOTE 13. INCOME TAXES
We calculate our provision for federal and state income taxes based on current tax law. U.S. federal tax reform (Tax Act) was enacted on December 22, 2017, and has several key provisions impacting the accounting for and reporting of income taxes. The most significant provision reduced the U.S. corporate statutory tax rate from 35% to 21% beginning on January 1, 2018. We remeasured the applicable deferred tax assets and liabilities based on the rates at which they are expected to reverse. As a result, the gross deferred tax assets and liabilities were adjusted which resulted in an expense for income taxes of $7.1 million which was fully offset by a corresponding change to our valuation allowance in 2017. The Tax Act contains several base broadening provisions that became effective on January 1, 2018, that did not have a material impact on 2018 and 2019 earnings.
Deferred tax asset (liability) is comprised of the following (in thousands):
We have determined it is more likely than not that our deferred tax assets will not be realized. Accordingly, we have provided a valuation allowance for deferred tax assets.
Table:
December 31 |  | 
 | 2019 | 2018
Net operating loss carryforwards | $7,672 | $4,541
Stock options and warrants | 420 | 214
Property | 138 | 299
Intangible assets | 66 | 94
Capitalized expenses | 54 | 86
Other | 210 | 164
Operating right-of-use lease assets | (667) | 
Operating right-of-use lease liabilities | 794 | 
Net deferred tax assets | 8,687 | 5,398
Less: Valuation allowance | (8,687) | (5,398)
Deferred tax asset (liability) | $             - | $             -


Question: What are the respective net operating loss carryforwards in 2018 and 2019?
Answer: $4,541, $7,672
The breakout of product and service revenues was as follows:
Our product revenues increased $158.1 million, or 9%, in 2019 from 2018 primarily due to higher sales in Semiconductor Test of testers for 5G infrastructure and image sensors, higher sales in Storage Test of 3.5” hard disk drive testers, and higher demand in Industrial Automation, partially offset by a decrease in sales in Semiconductor Test automotive and analog test segments. Service revenues increased $36.1 million or 10%.
In 2019 and 2018, no single direct customer accounted for more than 10% of our consolidated revenues. In 2019 and 2018, our five largest direct customers in aggregate accounted for 27% and 27% of our consolidated revenues, respectively.
We estimate consolidated revenues driven by Huawei Technologies Co. Ltd. (“Huawei”), combining direct sales to that customer with sales to the customer’s OSATs, accounted for approximately 11% and 4% of our consolidated revenues in 2019 and 2018, respectively. We estimate consolidated revenues driven by another OEM customer, combining direct sales to that customer with sales to the customer’s OSATs, accounted for approximately 10% and 13% of our consolidated revenues in 2019 and 2018, respectively.
Table:
 | 2019 | 2018 | 2018-2019 Dollar Change
 |  | (in millions) | 
Products revenues | $1,887.7 | $1,729.6 | $158.1
Services revenues | 407.3 | 371.2 | 36.1
 | $2,295.0 | $2,100.8 | $194.2


Question: What are the components comprising total revenue?
Answer: Products revenues, Services revenues
ITEM 6. SELECTED FINANCIAL DATA
The following selected consolidated financial data is derived from our Consolidated Financial Statements. As our historical operating results are not necessarily indicative of future operating results, this data should be read in conjunction with the Consolidated Financial Statements and notes thereto, and with Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations.
(1) On December 1, 2018, the beginning of our fiscal year 2019, we adopted the requirements of the Financial Accounting Standards Board’s Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers, Topic 606, utilizing the modified retrospective method of transition. Prior period information has not been restated and continues to be reported under the accounting standard in effect for those periods.
(2) As of November 29, 2019, working capital was in a deficit primarily due to the reclassification of our $2.25 billion term loan due April 30, 2020 and $900 million 4.75% senior notes due February 1, 2020 to current liabilities. We intend to refinance our Term Loan and 2020 Notes on or before the due dates.
(3) Our fiscal year is a 52- or 53-week year that ends on the Friday closest to November 30. Fiscal 2016 was a 53-week fiscal year compared with the other periods presented which were 52-week fiscal years.
Table:
(in thousands, except per share amounts and employee data) |  |  | Fiscal Years |  | 
 | 2019(1) | 2018 | 2017 | 2016(3) | 2015
Operations: |  |  |  |  | 
Revenue: | $11,171,297 | $9,030,008 | $7,301,505 | $5,854,430 | $4,795,511
Gross profit | $9,498,577 | $7,835,009 | $6,291,014 | $5,034,522 | $4,051,194
Income before income taxes | $3,204,741 | $2,793,876 | $2,137,641 | $1,435,138 | $873,781
Net income | $2,951,458 | $2,590,774 | $1,693,954 | $1,168,782 | $629,551
Net income per share: |  |  |  |  | 
Basic | $6.07 | $5.28 | $3.43 | $2.35 | $1.26
Diluted | $6.00 | $5.20 | $3.38 | $2.32 | $1.24
Shares used to compute basic net income                                        per share | 486,291 | 490,564 | 493,632 | 498,345 | 498,764
Shares used to compute diluted net income per share | 491,572 | 497,843 | 501,123 | 504,299 | 507,164
Financial position: |  |  |  |  | 
Cash, cash equivalents and short-term investments | $4,176,976 | $3,228,962 | $5,819,774 | $4,761,300 | $3,988,084
Working capital(2) | $(1,696,013) | $555,913 | $3,720,356 | $3,028,139 | $2,608,336
Total assets | $20,762,400 | $18,768,682 | $14,535,556 | $12,697,246 | $11,714,500
Debt, current | $3,149,343 | $— | $— | $— | $—
Debt, non-current | $988,924 | $4,124,800 | $1,881,421 | $1,892,200 | $1,895,259
Stockholders’ equity | $10,530,155 | $9,362,114 | $8,459,869 | $7,424,835 | $7,001,580
Additional data: |  |  |  |  | 
Worldwide employees | 22,634 | 21,357 | 17,973 | 15,706 | 13,893


Question: What was the total net income of basic shares in 2019?
Answer: 2951786.37
Calculation: 486,291 * $6.07
Consolidated statement of comprehensive income
For the year ended 31 March 2019
1 The Group has adopted IFRS 9 ‘Financial Instruments’, IFRS 15 ‘Revenue from Contracts with Customers’, and IFRS 16 ‘Leases’ from 1 April 2018. The year ended 31 March 2018 has been restated for IFRS 16 which was implemented using the fully retrospective method. For further information on the impact of the change in accounting policies, see note 2 of these consolidated financial statements.
Table:
 |  | 2019 | 2018 (Restated)1
 | Note | £m | £m
Profit for the year |  | 197.7 | 171.1
Other comprehensive income |  |  | 
Items that may be subsequently reclassified to profit or loss |  |  | 
Exchange differences on translation of foreign operations |  | (0.1) | 0.2
Items that will not be reclassified to profit or loss |  |  | 
Remeasurements of post-employment benefit obligations | 24 | 0.2 | –
Other comprehensive income for the year, net of tax |  | 0.1 | 0.2
Total comprehensive income for the year attributable to equity holders of the parent |  | 197.8 | 171.3


Question: In which years was Profit for the year calculated in the Consolidated statement of comprehensive income?
Answer: 2019, 2018
2019 financial year guidance
The adjusted EBITDA and free cash flow guidance measures for the year ended 31 March 2019 were forward-looking alternative performance measures based on the Group’s assessment of the global macroeconomic outlook and foreign exchange rates of €1:£0.87, €1:ZAR 15.1, €1:TRY 5.1 and €1:EGP 22.1. These guidance measures exclude the impact of licence and spectrum payments, material one-off tax-related payments, restructuring payments, changes in shareholder recharges from India and any fundamental structural change to the Eurozone. They also assume no material change to the current structure of the Group. We believe it is both useful and necessary to report these guidance measures to give investors an indication of the Group’s expected future performance, the Group’s sensitivity to foreign exchange movements and to report actual performance against these guidance measures.
Reconciliations of adjusted EBITDA and free cash flow to the 2019 financial year guidance basis is shown below.
Table:
 |  | Adjusted EBITDA |  | Free cash flow (pre-spectrum)
 | 2019 €m | 2018 €m | Growth | 2019 €m
Reported (IAS 18 basis) | 14,139 | 14,737 | (4.1)% | 5,443
Other activity (including M&A) | (95) | (341) |  | –
Foreign exchange | – | (288) |  | –
Handset financing and settlements | (198) | (674) |  | –
Guidance basis | 13,846 | 13,434 | 3.1% | 5,443


Question: What financial items does guidance basis comprise of?
Answer: Reported (IAS 18 basis), Other activity (including M&A), Foreign exchange, Handset financing and settlements
Employee Stock Purchase Plan
The maximum aggregate number of shares that are available for issuance under the 2011 Employee Stock Purchase Plan (the “ESPP”) is 12,000,000.
Employees are eligible to participate in the ESPP after 90 days of employment with the Company. The ESPP permits eligible employees to purchase common stock through payroll deductions, which may not exceed 10% of an employee’s compensation, as defined in the ESPP, at a price equal to 85% of the fair value of the common stock at the beginning or end of the offering period, whichever is lower. The ESPP is intended to qualify under Section 423 of the Internal Revenue Code. As of August 31, 2019, 3,397,019 shares remained available for issue under the 2011 ESPP.
The fair value of shares issued under the ESPP was estimated on the commencement date of each offering period using the Black-Scholes option pricing model. The following weighted-average assumptions were used in the model for each respective period:
(1) The expected volatility was estimated using the historical volatility derived from the Company’s common stock.
Table:
 | Fiscal Year Ended August 31, |  | 
 | 2019 | 2018 | 2017
Expected dividend yield | 0.6% | 0.6% | 0.8%
Risk-free interest rate | 2.3% | 1.4% | 0.5%
Expected volatility(1) | 28.6% | 23.0% | 33.0%
Expected life | 0.5 years | 0.5 years | 0.5 years


Question: Which years does the table provide data for expected dividend yield?
Answer: 2019, 2018, 2017
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
NOTE 13 — Derivatives
The effect of derivative instruments on the Consolidated Statements of Earnings is as follows:
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Foreign Exchange Contracts: |  |  | 
Amounts reclassified from AOCI to earnings: |  |  | 
Net sales | $— | $383 | $(488)
Cost of goods sold | 860 | (6) | 497
Selling, general and administrative | 92 | 107 | 45
Total amounts reclassified from AOCI to earnings | 952 | 484 | 54
Loss recognized in other expense for hedge ineffectiveness | — | — | (1)
Loss recognized in other expense for derivatives not designated as cash flow hedges | — | — | (15)
Total derivative gain on foreign exchange contracts recognized in earnings | $952 | $484 | $38
Interest Rate Swaps: |  |  | 
Benefit recorded in interest expense | $491 | $421 | $37
Total gain | $1,443 | $905 | $75


Question: What was the change in the Selling, general and administrative between 2018 and 2019?
Answer: -15
Calculation: 92-107
the following is a schedule of future minimum rental payments required under long-term operating leases at october 30 , 2010 : fiscal years operating leases .

Table:
fiscal years | operating leases
2011 | $ 21871
2012 | 12322
2013 | 9078
2014 | 6381
2015 | 5422
later years | 30655
total | $ 85729
12 .
commitments and contingencies from time to time in the ordinary course of the company 2019s business , various claims , charges and litigation are asserted or commenced against the company arising from , or related to , contractual matters , patents , trademarks , personal injury , environmental matters , product liability , insurance coverage and personnel and employment disputes .
as to such claims and litigation , the company can give no assurance that it will prevail .
the company does not believe that any current legal matters will have a material adverse effect on the company 2019s financial position , results of operations or cash flows .
13 .
retirement plans the company and its subsidiaries have various savings and retirement plans covering substantially all employees .
the company maintains a defined contribution plan for the benefit of its eligible u.s .
employees .
this plan provides for company contributions of up to 5% ( 5 % ) of each participant 2019s total eligible compensation .
in addition , the company contributes an amount equal to each participant 2019s pre-tax contribution , if any , up to a maximum of 3% ( 3 % ) of each participant 2019s total eligible compensation .
the total expense related to the defined contribution plan for u.s .
employees was $ 20.5 million in fiscal 2010 , $ 21.5 million in fiscal 2009 and $ 22.6 million in fiscal 2008 .
the company also has various defined benefit pension and other retirement plans for certain non-u.s .
employees that are consistent with local statutory requirements and practices .
the total expense related to the various defined benefit pension and other retirement plans for certain non-u.s .
employees was $ 11.7 million in fiscal 2010 , $ 10.9 million in fiscal 2009 and $ 13.9 million in fiscal 2008 .
during fiscal 2009 , the measurement date of the plan 2019s funded status was changed from september 30 to the company 2019s fiscal year end .
non-u.s .
plan disclosures the company 2019s funding policy for its foreign defined benefit pension plans is consistent with the local requirements of each country .
the plans 2019 assets consist primarily of u.s .
and non-u.s .
equity securities , bonds , property and cash .
the benefit obligations and related assets under these plans have been measured at october 30 , 2010 and october 31 , 2009 .
analog devices , inc .
notes to consolidated financial statements 2014 ( continued ) .

Question: what is the percentage change in the total expense related to the defined contribution plan for non-u.s employees in 2010?
Answer: 7.3%
Calculation: subtract(11.7, 10.9), divide(#0, 10.9)
In fiscal 2019, 2018, and 2017, the Company recorded charges of $5.1 million, $3.4 million, and $1.2 million, respectively, reflecting the year-end write-off of actuarial losses in excess of 10% of our pension liability.
The Company recorded an expense of $0.3 million (primarily within restructuring activities), $0.6 million (primarily within restructuring activities), and $4.0 million ($2.1 million was recorded in discontinued operations and $1.9 million was recorded in restructuring activities) during fiscal 2019, 2018, and 2017, respectively, related to our expected incurrence of certain multi-employer plan withdrawal costs.
Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss) were:
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)
Table:
 | Pension Benefits |  | Other Benefits | 
 | 2019 | 2018 | 2019 | 2018
Net actuarial gain (loss) | $(72.1) | $120.0 | $25.1 | $16.8
Amendments | (1.4) | (0.6) | 0.8 | 17.2
Amortization of prior service cost (benefit) . | 3.1 | 2.9 | (2.2) | (3.4)
Settlement and curtailment loss (gain) . | — | 2.0 | (1.6) | —
Recognized net actuarial loss (gain) | 5.1 | 3.4 | (1.4) | —
Net amount recognized . | $(65.3) | $127.7 | $20.7 | $30.6


Question: What is the percentage change in amortization of prior service cost for pension benefits in 2019 compared to 2018?
Answer: 6.9
Calculation: (3.1-2.9)/2.9
21 Cash and Cash Equivalents
Cash at bank earns interest at floating rates based on daily bank deposit rates. Short-term deposits are made for varying periods of between one day and three months, depending on the immediate cash requirements of the Group, and earn interest at the respective short-term deposit rates.
Table:
 | 31 March 2019 | 31 March 2018
 | $M | $M
Cash at bank and in hand | 134.3 | 67.2
Short-term deposits | 37.8 | 52.8
Total cash and cash equivalent | 172.1 | 120.0


Question: What are the components making up the total cash and cash equivalents?
Answer: Cash at bank and in hand, Short-term deposits
The following table presents the components of the deferred tax assets and liabilities (in millions):
As of July 27, 2019, our federal, state, and foreign net operating loss carryforwards for income tax purposes were $676 million, $1 billion, and $756 million, respectively. A significant amount of the net operating loss carryforwards relates to acquisitions and, as a result, is limited in the amount that can be recognized in any one year. If not utilized, the federal, state and foreign net operating loss carryforwards will begin to expire in fiscal 2020. We have provided a valuation allowance of $111 million for deferred tax assets related to foreign net operating losses that are not expected to be realized.
As of July 27, 2019, our federal, state, and foreign tax credit carryforwards for income tax purposes were approximately $25 million, $1.1 billion, and $5 million, respectively. The federal tax credit carryforwards will begin to expire in fiscal 2020. The majority of state and foreign tax credits can be carried forward indefinitely. We have provided a valuation allowance of $346 million for deferred tax assets related to state and foreign tax credits that are not expected to be realized.
Table:
 | July 27, 2019 | July 28, 2018
ASSETS |  | 
Allowance for doubtful accounts and returns . | $ 127 | $ 285
Sales-type and direct-financing leases | 176 | 171
Inventory write-downs and capitalization | 409 | 289
Investment provisions . | — | 54
IPR&D, goodwill, and purchased intangible assets | 1,427 | 63
Deferred revenue . | 1,150 | 1,584
Credits and net operating loss carryforwards . | 1,241 | 1,087
Share-based compensation expense | 164 | 190
Accrued compensation | 342 | 370
Other | 419 | 408
Gross deferred tax assets | 5,455 | 4,501
Valuation allowance | (457) | (374)
Total deferred tax assets . | 4,998 | 4,127
LIABILITIES |  | 
Purchased intangible assets . | (705) | (753)
Depreciation . | (141) | (118)
Unrealized gains on investments . | (70) | (33)
Other | (112) | (145)
Total deferred tax liabilities | (1,028) | (1,049)
Total net deferred tax assets | $3,970 | $3,078


Question: What was the change in Accrued compensation between 2018 and 2019?
Answer: -28
Calculation: 342-370
management 2019s discussion and analysis net interest income 2013 versus 2012 . net interest income on the consolidated statements of earnings was $ 3.39 billion for 2013 , 13% ( 13 % ) lower than 2012 . the decrease compared with 2012 was primarily due to lower average yields on financial instruments owned , at fair value , partially offset by lower interest expense on financial instruments sold , but not yet purchased , at fair value and collateralized financings . 2012 versus 2011 . net interest income on the consolidated statements of earnings was $ 3.88 billion for 2012 , 25% ( 25 % ) lower than 2011 . the decrease compared with 2011 was primarily due to lower average yields on financial instruments owned , at fair value and collateralized agreements . see 201cstatistical disclosures 2014 distribution of assets , liabilities and shareholders 2019 equity 201d for further information about our sources of net interest income . operating expenses our operating expenses are primarily influenced by compensation , headcount and levels of business activity . compensation and benefits includes salaries , discretionary compensation , amortization of equity awards and other items such as benefits . discretionary compensation is significantly impacted by , among other factors , the level of net revenues , overall financial performance , prevailing labor markets , business mix , the structure of our share-based compensation programs and the external environment . the table below presents our operating expenses and total staff ( which includes employees , consultants and temporary staff ) . .

Table:
$ in millions | year ended december 2013 | year ended december 2012 | year ended december 2011
compensation and benefits | $ 12613 | $ 12944 | $ 12223
brokerage clearing exchange anddistribution fees | 2341 | 2208 | 2463
market development | 541 | 509 | 640
communications and technology | 776 | 782 | 828
depreciation and amortization | 1322 | 1738 | 1865
occupancy | 839 | 875 | 1030
professional fees | 930 | 867 | 992
insurance reserves1 | 176 | 598 | 529
other expenses | 2931 | 2435 | 2072
total non-compensation expenses | 9856 | 10012 | 10419
total operating expenses | $ 22469 | $ 22956 | $ 22642
total staff at period-end | 32900 | 32400 | 33300
1 .
related revenues are included in 201cmarket making 201d in the consolidated statements of earnings .
goldman sachs 2013 annual report 45 .

Question: what is the net interest income in 2011?
Answer: 5.17
Calculation: subtract(const_100, 25), divide(3.88, #0)
Stock-based Compensation
The following table summarizes stock-based compensation expense related to RSUs, stock options, and ESPP shares for the fiscal years ended September 30, 2019, 2018, and 2017, which were allocated as follows (amounts shown in thousands):
Table:
 | 2019 | 2018 | 2017
Cost of revenue | $207 | $78 | $52
Selling and marketing | 2,967 | 2,656 | 1,577
Research and development | 2,013 | 1,801 | 1,028
General and administrative | 4,450 | 4,415 | 2,821
Stock-based compensation expense included in expenses | $9,637 | $8,950 | $5,478


Question: What is the percentage change in the cost of revenue between 2017 and 2019?
Answer: 298.08
Calculation: (207-52)/52