hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
Deferred tax assets and liabilities are recognized for the future tax consequences of differences between the carrying amounts of assets and liabilities and their respective tax bases using enacted tax rates in effect for the year in which the differences are expected to be reversed. Significant deferred tax assets and liabilities consist of the following:
Of the $32.7 million and $40.2 million net deferred tax asset at December 31, 2019 and 2018, respectively, $42.7 million and $47.1 million is reflected as a net non-current deferred tax asset and $10.0 million and $7.0 million is reflected as a long-term liability at December 31, 2019 and 2018, respectively.
As of December 31, 2019, the Company has recorded a valuation allowance on $16.0 million of its U.S. domestic deferred tax assets, largely attributable to acquired federal capital loss carryforwards for which the Company does not have sufficient income in the character to realize that attribute, and state carryforward attributes that are expected to expire before sufficient income can be realized in those jurisdictions. The remaining valuation allowance on deferred tax assets approximates $60.2 million and is associated primarily with operations in Austria, Germany, Hong Kong and Switzerland. As of December 31, 2019, there is not sufficient positive evidence to conclude that such deferred tax assets, presently reduced by a valuation allowance, will be recognized. The December 31, 2019 valuation allowance balance reflects an increase of $45.3 million during the year. The change in the valuation allowance is primarily due to increases from acquired Artesyn positions and current year activity, partially offset by decreases due to foreign exchange movements
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Deferred tax assets |  | 
Stock based compensation | $1,757 | $1,337
Net operating loss and tax credit carryforwards | 86,879 | 38,622
Interest expense limitation | 7,620 | —
Pension obligation | 13,473 | 3,302
Excess and obsolete inventory | 3,217 | 2,161
Deferred revenue | 3,305 | 6,903
Employee bonuses and commissions | 2,537 | 1,874
Depreciation and amortization | 29,015 | 29,525
Operating lease liabilities | 23,451 | —
Other | 9,685 | 9,961
Deferred tax assets | 180,939 | 93,685
Less: Valuation allowance | (76,206) | (30,924)
Net deferred tax assets | 104,733 | 62,761
Deferred tax liabilities |  | 
Depreciation and amortization | 41,549 | 17,723
Unremitted earnings | 4,740 | 3,529
Operating lease right-of-use assets | 22,774 | —
Other | 2,966 | 1,267
Deferred tax liabilities | 72,029 | 22,519
Net deferred tax assets | $32,704 | $40,242


Question: What was the change in pension obligation between 2018 and 2019?
Answer: 10171
Calculation: 13,473-3,302
The Company had gross unrecognized tax benefits of $15.7 million and $3.0 million, as of June 30, 2019 and June 30, 2018, respectively. The Company recognizes interest and penalties related to uncertain tax positions in income tax expense.
The Company files income tax returns in various federal, state, and local jurisdictions including the United States, Canada, United Kingdom and France. In the normal course of business, the Company is subject to examination by taxing authorities throughout the world. With few exceptions, the Company is no longer subject to income tax examinations by tax authorities in major tax jurisdictions for years before 2014.
Table:
 | June 30, | 
 | 2019 | 2018
 | in millions) | 
Balance at beginning of year | $3.0 | $0.2
Additions for current year tax positions | 1.5 | 1.2
Additions for prior year tax positions | 11.5 | 1.7
Reductions as a result of settlement with tax authority | (0.3) | (0.1)
Balance at end of year | $15.7 | $3.0
Interest and penalties included in balance | $2.2 | $0.1
Amount, if recognized, would impact the effective income tax rate | 10.0 | 1.8
Amount that could be settled within the next year | 10.0 | 1.9


Question: What is the average beginning balance for the years 2018 to 2019?
Answer: 1.6
Calculation: (3.0+0.2)/(2019-2018+1)
the internal revenue code . therefore , cash needed to execute our strategy and invest in new properties , as well as to pay our debt at maturity , must come from one or more of the following sources : 2022 cash not distributed to shareholders , 2022 proceeds of property dispositions , or 2022 proceeds derived from the issuance of new debt or equity securities . it is management 2019s intention that we continually have access to the capital resources necessary to expand and develop our business . as a result , we intend to operate with and maintain a conservative capital structure that will allow us to maintain strong debt service coverage and fixed-charge coverage ratios as part of our commitment to investment-grade debt ratings . we may , from time to time , seek to obtain funds by the following means : 2022 additional equity offerings , 2022 unsecured debt financing and/or mortgage financings , and 2022 other debt and equity alternatives , including formation of joint ventures , in a manner consistent with our intention to operate with a conservative debt structure . cash and cash equivalents were $ 30.5 million and $ 35.0 million at december 31 , 2004 and december 31 , 2003 , respectively . summary of cash flows for the year ended december 31 , 2004 ( in thousands ) .

Table:
 | for the year ended december 31 2004 ( in thousands )
cash provided by operating activities | $ 161113
cash used in investing activities | -154273 ( 154273 )
cash used by financing activities | -11333 ( 11333 )
decrease in cash and cash equivalents | -4493 ( 4493 )
cash and cash equivalents beginning of period | 34968
cash and cash equivalents end of period | $ 30475
the cash provided by operating activities is primarily attributable to the operation of our properties and the change in working capital related to our operations .
we used cash of $ 154.3 million during the twelve months ended december 31 , 2004 in investing activities , including the following : 2022 $ 101.7 million for our acquisition of westgate mall , shaw 2019s plaza and several parcels of land , 2022 capital expenditures of $ 59.2 million for development and redevelopment of properties including santana row , 2022 maintenance capital expenditures of approximately $ 36.9 million , 2022 $ 9.4 million capital contribution to a real estate partnership , and 2022 an additional $ 3.2 million net advance under an existing mortgage note receivable ; offset by 2022 $ 41.8 million in net sale proceeds from the sale of properties , and .

Question: what was the percentual decrease in the cash and cash equivalents during this period?
Answer: 12.84%
Calculation: divide(4493, 34968)
(1) Represents accelerated vesting of 48,849 stock options. Pursuant to Mr. Dooley’s stock option agreements (dated January 17, 2019),
if Mr. Dooley’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. Dooley’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 15,000 unvested restricted stock units. Pursuant to Mr. Dooley’s restricted stock unit agreement
(dated March 1, 2012), upon a “change in control” all non-vested units shall accelerate and be vested as of the date of the “change in
control” and if Mr. Dooley’s employment is terminated without cause or for good reason, all non-vested units shall accelerate and be
vested as of the date of termination
(3) Represents accelerated vesting of 7,500 unvested restricted stock units. Pursuant to Mr. Dooley’s restricted stock unit agreement
(dated March 1, 2012), on the event of Mr. Dooley’s death or total disability, 7,500 restricted stock units (50% of the unvested restricted
stock units granted under such agreement at December 31, 2018) would vest.
(4) Represents accelerated vesting of 10,630 unvested performance restricted stock units. Pursuant to Mr. Dooley's performance restricted
stock unit agreement (dated January 17, 2019), if Mr. Dooley’s employment is terminated without cause or for good reason within six
months following a “change in control” or if Mr. Dooley'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 | - | - | - | 505,100 (1)
Value of Accelerated Vesting of Restricted Stock Unit Awards | 377,400 (2) | 188,700 (3) | 377,400 (2) | -
Value of Accelerated Vesting of Performance Restricted Stock Unit Awards | - | 267,500 (4) | - | 267,500 (4)
Medical and Other Benefits | - | - | - | -
Total | 377,400 | 456,200 | 377,400 | 772,600


Question: What are the accelerated vesting of Robert Dooley's unvested restricted stock units for termination by Systemax without "cause" or termination due to death? 
Answer: 22500
Calculation: 15,000 + 7,500
and $ 19 million of these expenses in 2011 and 2010 , respectively , with the remaining expense unallocated . the company financed the acquisition with the proceeds from a $ 1.0 billion three-year term loan credit facility , $ 1.5 billion in unsecured notes , and the issuance of 61 million shares of aon common stock . in addition , as part of the consideration , certain outstanding hewitt stock options were converted into options to purchase 4.5 million shares of aon common stock . these items are detailed further in note 8 2018 2018debt 2019 2019 and note 11 2018 2018stockholders 2019 equity 2019 2019 . the transaction has been accounted for using the acquisition method of accounting which requires , among other things , that most assets acquired and liabilities assumed be recognized at their fair values as of the acquisition date . the following table summarizes the amounts recognized for assets acquired and liabilities assumed as of the acquisition date ( in millions ) : amounts recorded as of the acquisition .

Table:
 | amountsrecorded as ofthe acquisitiondate
working capital ( 1 ) | $ 348
property equipment and capitalized software | 297
identifiable intangible assets: | 
customer relationships | 1800
trademarks | 890
technology | 215
other noncurrent assets ( 2 ) | 344
long-term debt | 346
other noncurrent liabilities ( 3 ) | 360
net deferred tax liability ( 4 ) | 1021
net assets acquired | 2167
goodwill | 2765
total consideration transferred | $ 4932
( 1 ) includes cash and cash equivalents , short-term investments , client receivables , other current assets , accounts payable and other current liabilities .
( 2 ) includes primarily deferred contract costs and long-term investments .
( 3 ) includes primarily unfavorable lease obligations and deferred contract revenues .
( 4 ) included in other current assets ( $ 31 million ) , deferred tax assets ( $ 30 million ) , other current liabilities ( $ 7 million ) and deferred tax liabilities ( $ 1.1 billion ) in the company 2019s consolidated statements of financial position .
the acquired customer relationships are being amortized over a weighted average life of 12 years .
the technology asset is being amortized over 7 years and trademarks have been determined to have indefinite useful lives .
goodwill is calculated as the excess of the acquisition cost over the fair value of the net assets acquired and represents the synergies and other benefits that are expected to arise from combining the operations of hewitt with the operations of aon , and the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized .
goodwill is not amortized and is not deductible for tax purposes .
a single estimate of fair value results from a complex series of the company 2019s judgments about future events and uncertainties and relies heavily on estimates and assumptions .
the company 2019s .

Question: what portion of the total consideration transferred is dedicated to goodwill?
Answer: 56.1%
Calculation: divide(2765, 4932)
A summary of option activity under all of the Company’s equity incentive plans at December 31, 2019 and changes during the period then ended is presented in the following table:
There were no options granted for the year ended December 31, 2019 and 2018. The total intrinsic value of options exercised during year ended December 31, 2019, 2018 and 2017 were $215.5 million, $74.6 million, and $41.2 million, respectively.
Table:
 | Number of Options Outstanding (in thousands) | Weighted- Average Exercise Price Per Share | Weighted- Average Contractual Term (in Years) | Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2016 | 7,384 | $10.59 | 5.3 | $74,065
Granted | 25 | 23.99 |  | 
Exercised | (1,722) | 10.39 |  | 
Canceled/Forfeited | (401) | 16.04 |  | 
Outstanding at December 31, 2017 | 5,286 | $10.30 | 4.2 | $201,480
Granted | - | - |  | 
Exercised | (1,138) | 8.17 |  | 
Canceled/Forfeited | (17) | 18.79 |  | 
Outstanding at December 31, 2018 | 4,131 | $10.86 | 3.3 | $295,921
Granted | - | - |  | 
Exercised | (1,742) | 8.53 |  | 
Canceled/Forfeited | (132) | 2.73 |  | 
Outstanding at December 31, 2019 | 2,257 | $13.13 | 2.5 | $351,428
Vested and expected to vest as of December 31, 2019 | 2,259 | $13.13 | 2.5 | $351,362
Excercisable as of December 31, 2019 | 2,243 | $13.10 | 2.5 | $349,002


Question: What are the respective intrinsic value of options exercised in the year ended December 31, 2018 and 2017?
Answer: $74.6 million, $41.2 million
6. Income Taxes
Income tax expense (benefit) for fiscal 2019, 2018 and 2017 were as follows (in thousands):
Table:
 | 2019 | 2018 | 2017
Current: |  |  | 
Federal  | $15,160 | $63,814 | $78
State  | — | 234 | 33
Foreign  | 11,943 | 10,134 | 10,016
 | 27,103 | 74,182 | 10,127
Deferred: |  |  | 
Federal  | (3,498) | (2,958) | 77
State  | 827 | (447) | 38
Foreign  | (7,093) | 23,793 | (481)
 | (9,764) | 20,388 | (366)
 | $17,339 | $94,570 | $9,761


Question: How many years did the total income tax expense exceed $50,000 thousand?
Answer: 1
Calculation: 2018
Key Balance Sheet Information
Total assets increased $1,234.7 million as at December 31, 2019 compared to December 31, 2018, principally due to a $485.5 million increase in cash, cash equivalents and marketable securities mainly as a result of the public offering in September 2019, which resulted in net proceeds of $688.0 million. Business acquisitions during the year, largely due to the acquisition of 6RS, further impacted total assets through an increase in goodwill of $273.8 million, a $141.2 million increase in intangible assets and a resulting decrease in cash due to the consideration paid. The remainder of the increase is due to: the adoption of the new lease accounting standard, further discussed in the "Critical Accounting Policies and Estimates" section below, which resulted in the addition of right-of-use assets totaling $134.8 million as at December 31, 2019; a $58.3 million increase in merchant cash advances and loans receivable; a $49.8 million increase in property and equipment, largely related to leaseholds for our offices; a $49.2 million increase in trade and other receivables largely due to an increase in indirect taxes receivable, unbilled revenue related to subscription fees for Plus merchants, transaction fees and shipping charges; and a $19.4 million increase in deferred tax assets. Total liabilities increased by $309.7 million, principally as a result of the adoption of the new leasing standard, which resulted in $126.8 million of additional lease liabilities related to obtaining right-of-use assets. Accounts payable and accrued liabilities increased by $84.2 million, which was due to an increase in indirect taxes payable, payroll liabilities, and payment processing and interchange fees, partly offset by a decrease in foreign exchange forward contract liabilities. The increase was also due to income taxes payable of $69.4 million driven largely by the one-time capital gain recognized in the period. Deferred tax liabilities increased by $7.6 million, due to the acquisition of 6RS. The growth in sales of our subscription solutions offering, along with the acquisition of 6RS, resulted in an increase of deferred revenue of $21.6 million.
Table:
 | December 31, 2019 | December 31, 2018
 | (in thousands) | 
Cash, cash equivalents and marketable securities | $2,455,194 | $1,969,670
Total assets | 3,489,479 | 2,254,785
Total liabilities | 473,745 | 164,017
Total non-current liabilities | 157,363 | 25,329


Question: How much was the total assets as at December 31, 2019?
Answer: 3,489,479
issuer purchases of equity securities in january 2017 , our board of directors authorized the repurchase of shares of our common stock with a value of up to $ 525 million in the aggregate . as of december 29 , 2018 , $ 175 million remained available under this authorization . in february 2019 , our board of directors authorized the additional repurchase of shares of our common stock with a value of up to $ 500.0 million in the aggregate . the actual timing and amount of repurchases are subject to business and market conditions , corporate and regulatory requirements , stock price , acquisition opportunities and other factors . the following table presents repurchases made under our current authorization and shares surrendered by employees to satisfy income tax withholding obligations during the three months ended december 29 , 2018 : period total number of shares purchased ( 1 ) average price paid per share ( 2 ) total number of shares purchased as part of publicly announced plan or program maximum dollar value of shares authorized for repurchase under publicly announced plan or program ( 1 ) ( in millions ) september 30 , 2018 2013 november 3 , 2018 543900 $ 42.64 495543 $ 254 november 4 , 2018 2013 december 1 , 2018 650048 $ 44.49 623692 $ 226 december 2 , 2018 2013 december 29 , 2018 1327657 $ 42.61 1203690 $ 175 .

Table:
period | total numberof sharespurchased ( 1 ) | averageprice paidper share ( 2 ) | total number ofshares purchasedas part ofpublicly announcedplan or program | maximum dollarvalue of sharesauthorized for repurchase underpublicly announcedplan or program ( 1 ) ( in millions )
september 30 2018 2013 november 3 2018 | 543900 | $ 42.64 | 495543 | $ 254
november 4 2018 2013 december 1 2018 | 650048 | $ 44.49 | 623692 | $ 226
december 2 2018 2013 december 29 2018 | 1327657 | $ 42.61 | 1203690 | $ 175
total | 2521605 | $ 43.10 | 2322925 | 
( 1 ) shares purchased that were not part of our publicly announced repurchase programs represent employee surrender of shares of restricted stock to satisfy employee income tax withholding obligations due upon vesting , and do not reduce the dollar value that may yet be purchased under our publicly announced repurchase programs .
( 2 ) the weighted average price paid per share of common stock does not include the cost of commissions. .

Question: what was the average number of total number of shares purchased as part of publicly announced plan or program for the three monthly periods ending december 29 , 2018?
Answer: 774308
Calculation: divide(2322925, const_3)
Issuer Purchases of Equity Securities
(i) Includes 3,416 shares that have been withheld by the Company to satisfy its tax withholding and remittance obligations in connection with the vesting of restricted stock awards. In addition, the Company exercised a pro-rata portion of the 2022 convertible note hedges (described in Note 12, Indebtedness, of the Notes to the Consolidated Financial Statements) to offset the shares of the Company’s Class A common stock issued to settle the conversion of certain 2022 Notes. The note hedges were net share settled and the Company received 3,643,165 shares of the Company’s Class A common stock from the counterparties in October of 2018.
(ii) Excludes the shares received through the exercise of the note hedges.
(iii) The Company exercised a pro-rata portion of the 2022 convertible note hedges to offset the shares of the Company’s Class A common stock issued to settle the conversion of certain 2022 Notes. The note hedges were net share settled and the Company received 1,096,773 shares of the Company’s Class A common stock from the counterparties in November of 2018.
Table:
Period | Total number of Shares purchased | Average price paid per share | Total number of shares purchased as part of publicly announced plans or programs | Maximum number (or approximate dollar value) of shares that may yet be purchased under the plans or programs
October 1 to October 31 | 3,646,581 (i) | 97.28 (ii) | — | —
November 1 to November 30 | 1,096,773 (iii) | — (ii) | — | —
December 1 to December 31 | — | — | — | —
Total | 4,743,354 | 97.28 (ii) | — | —


Question: What is the Total number of Shares purchased across the periods?
Answer: 4,743,354
Cash and Cash Equivalents and Restricted Cash: Cash equivalents include short-term highly liquid investments and are classified as Level 1 in the fair value hierarchy described below. Restricted cash represents cash received from customers to settle invoices sold under accounts receivable purchase agreements that is contractually required to be set aside. The restrictions will lapse when the cash is remitted to the purchaser of the receivables. Restricted cash is also classified as Level 1 in the fair value hierarchy described below.
As of September 28, 2019 and September 29, 2018, cash and cash equivalents and restricted cash consisted of the following (in thousands):
Table:
 | 2019 | 2018
Cash | $85,688 | $99,197
Money market funds and other | 138,073 | 198,072
Restricted cash | 2,493 | 417
Total cash and cash equivalents and restricted cash | 226,254 | 297,686


Question: What was the change in the Restricted cash between 2018 and 2019?
Answer: 2076
Calculation: 2,493-417
12 Directors’ Remuneration
Directors’ emoluments represent all earnings and aggregate contributions to pension schemes made during the year as a Director of Sophos Group plc and its subsidiaries. Further details can be found in the Group’s Remuneration Report on pages 91 to 101.
Table:
 | Year-ended 31 March 2019 | Year-ended 31 March 2018
 | $M | $M
Directors’ emoluments | 2.3 | 3.3
Gains on exercise of share options | 3.6 | 3.5
Gains on vesting of LTIP awards | 14.5 | 4.2
Total Directors’ remuneration | 20.4 | 11.0


Question: What are the components considered when calculating the total directors' remuneration?
Answer: Directors’ emoluments, Gains on exercise of share options, Gains on vesting of LTIP awards