hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Restricted Stock Units
During the fiscal years 2019, 2018, and 2017, the Company issued both service-based RSUs and market-based performance RSUs (“PRSUs”). Market-based PRSUs generally vest three years from the grant date if certain performance criteria are achieved and require continued employment. Based upon the terms of such awards, the number of shares that can be earned over the performance periods is based on the Company’s Common Stock price performance compared to the market price performance of the Philadelphia Semiconductor Sector Index (“SOX”), ranging from 0% to 150% of target. The stock price performance or market price performance is measured using the closing price for the 50-trading days prior to the dates the performance period begins and ends. The target number of shares represented by the market-based PRSUs is increased by 2% of target for each 1% that Common Stock price performance exceeds the market price performance of the SOX index. The result of the vesting formula is rounded down to the nearest whole number. Total stockholder return is a measure of stock price appreciation in this performance period.
The following table summarizes restricted stock activity:
The fair value of the Company’s service-based RSUs was calculated based on fair market value of the Company’s stock at the date of grant, discounted for dividends.
Table:
 | Service-based RSUs Outstanding |  | Market-based RSUs Outstanding | 
 | Number of Shares | Weighted-Average Grant Date Fair Value | Number of Shares | Weighted-Average Grant Date Fair Value
June 26, 2016 | 3,256,513 | $71.34 | 1,078,591 | $63.12
Granted | 1,224,877 | $114.13 | 435,694 | $111.75
Vested | (1,677,318) | $69.10 | (592,321) | $46.67
Forfeited or canceled | (116,466) | $76.76 | (59,509) | $66.81
June 25, 2017 | 2,687,606 | $92.01 | 862,455 | $83.83
Granted | 964,391 | $183.97 | 285,866 | $170.15
Vested | (1,362,369) | $87.80 | (407,024) | $76.88
Forfeited or canceled | (96,540) | $108.67 | (47,571) | $91.36
June 24, 2018 | 2,193,088 | $134.34 | 693,726 | $104.59
Granted | 893,622 | $161.64 | 163,529 | $165.78
Vested | (1,135,284) | $115.23 | (301,622) | $70.58
Forfeited or canceled | (154,541) | $141.38 | (120,859) | $104.73
June 30, 2019 | 1,796,885 | $159.36 | 434,774 | $144.57


Question: Which type of RSUs outstanding is higher as of June 25, 2017?
Answer: Service-based RSUs Outstanding
Calculation: Find the type of RSUs outstanding that is higher as of June 25, 2017
Profitability Measures
Net Income:
Our net income in the fiscal year ended February 28, 2019 was $18.4 million as compared to net income of $16.6 million in the same period last year. The increase is due to a $11.7 million increase in operating income, $3.0 million increase in investment income and $12.0 million decrease in income tax provision. The increase in operating income was primarily attributable to $21.0 million decrease in general and administrative expense due to reduced legal provision and related costs as further discussed in Note 19 and partially offset by $8.0 million of restructuring expense.
Adjusted EBITDA for Telematics Systems in the fiscal year ended February 28, 2019 decreased $8.1 million compared to the same period last year due to lower revenues as described above and the impact of high margin revenue earned on a strategic technology partnership arrangement in fiscal 2018. These factors were coupled with higher operating expenses in Telematics Systems as a result of increased headcount and outsourced professional service fees. Adjusted EBITDA for Software and Subscription Services increased $4.9 million compared to the same period last year due primarily to continued growth in revenues and gross profit from our Italia market and higher gross profit from our fleet management services.
See Note 20 for reconciliation of Adjusted EBITDA by reportable segments and a reconciliation to GAAP-basis net income (loss).
Table:
 | Fiscal years ended |  |  | 
 | February 28, |  |  | 
(In thousands) | 2019 | 2018 | $ Change | % Change
 | Segment |  |  | 
Telematics Systems | $40,821 | $48,943 | $(8,122) | (17.0%)
Software & Subscription Services | 13,093 | 8,233 | 4,860 | 59.0%
Corporate Expense | (5,699) | (4,794) | (905) | 19.0%
Total Adjusted EBITDA | $48,215 | $52,382 | $(4,167) | (8.0%)


Question: What were other factors that caused the decrease in adjusted EBITDA for Telematics Systems other than lower revenues and impact of high margin revenue earned?
Answer: increased headcount and outsourced professional service fees.
The determination of which country a particular sale is allocated to is based on the destination of the product shipment. No other individual country accounted for more than 10% of net revenue during these periods. Although a large percentage of the Company’s products is shipped to Asia, and in particular, China, the Company believes that a significant number of the systems designed by customers and incorporating the Company’s semiconductor products are subsequently sold outside Asia to Europe, Middle East, and Africa, or EMEA markets and North American markets.
Long-lived assets, which consists of property and equipment, net, leased right-of-use assets, intangible assets, net, and goodwill, by geographic area are as follows (in thousands):
(1) Amounts do not include leased right-of-use assets in the prior period due to the adoption of ASC 842 under the modified retrospective method with a cumulative effect adjustment to accumulated deficit as of January 1, 2019.
Table:
 | As of December 31, |  |  | 
 | 2019 |  | 2018(1) | 
 | Amount | % of total | Amount | % of total
United States | $385,302 | 85% | $426,321 | 85%
Singapore | 63,556 | 14% | 71,945 | 14%
Rest of world | 5,034 | 1% | 3,368 | 1%
Total | $453,892 | 100% | $501,634 | 100%


Question: What was the respective amount in 2019 and 2018 from United States?
Answer: $385,302, $426,321
The funded status of the plans was as follows:
(in thousands)
Table:
 | Years Ended March 31, | 
 | 2019 | 2018
Fair value of plan assets | $90,365 | $84,718
Less: projected benefit obligations | 143,662 | 128,915
Underfunded status | $(53,297) | $(44,197)


Question: What is the funded status of 2018?
Answer: $(44,197)
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 is the percentage change in the number of outstanding options between December 31, 2016 and 2017?
Answer: -28.41
Calculation: (5,286- 7,384)/ 7,384
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: How was overall performance and stock price in FY19?
Answer: negatively impacted
Pre-tax income from international operations was $214 million, $890 million, and $353 million for fiscal 2019, 2018, and 2017, respectively.
The components of income tax expense (benefit) recorded in continuing operations are as follows:
As of December 28, 2018, we have completed our accounting for the effects of the enactment of the Tax Cuts and Jobs Act (H.R.1) (the 2017 Tax Act) in accordance with U.S. Securities and Exchange Commission (SEC) Staff Accounting Bulletin No. 118, and the amounts are no longer considered provisional. We will continue to evaluate any new guidance from the U.S. Department of Treasury and the Internal Revenue Service (IRS) as issued.
Table:
 |  | Year Ended | 
(In millions) | March 29, 2019 | March 30, 2018 | March 31, 2017
Current: |  |  | 
Federal | $73 | $1,011 | $108
State | 15 | 40 | 6
International | 74 | 107 | 68
Total | 162 | 1,158 | 182
Deferred: |  |  | 
Federal | (52) | (1,664) | (177)
State | (2) | (151) | (17)
International | (16) | (33) | (14)
Total | (70) | (1,848) | (208)
Income tax expense (benefit) | $92 | $(690) | $(26)


Question: What does the table show?
Answer: components of income tax expense (benefit) recorded in continuing operations
Intangible assets
Intangible assets include the value assigned to completed technologies, customer relationships, and trade names. The estimated useful lives for all of these intangible assets, range from two to seven years. Intangible assets as of September 30, 2019 and 2018 are summarized as follows(amounts shown in thousands, except for years):
Amortization expense related to acquired intangible assets was $7.0 million, $4.0 million, and $0.6 million for fiscal years ended September 30, 2019, 2018, and 2017, respectively and is recorded in acquisition-related costs and expenses in the consolidated statements of operations.
Table:
September 30, 2019: | Weighted Average Amortization Period | Cost | Accumulated Amortization | Net
Completed technologies | 6.4 years | $20,341 | $7,104 | $13,237
Customer relationships | 4.8 years | 17,628 | 6,701 | 10,927
Trade names | 4.5 years | 618 | 377 | 241
Total intangible assets |  | $38,587 | $14,182 | $24,405


Question: What is the percentage constitution of the cost of customer relationships among the total cost of the total intangible assets in 2019?
Answer: 45.68
Calculation: 17,628/38,587
Consolidated Statements of Earnings and Comprehensive Earnings
A detail of related party items included in Operating expenses (net of expense reimbursements) is as follows (in millions):
(1) Transactions with FNF are summarized through November 30, 2019, the date after which FNF is no longer considered a related party.
Table:
 |  | Year ended December 31, | 
 | 2019(1) | 2018 | 2017
Data entry, indexing services and other operating expenses | $8.8 | $8.2 | $5.1
Corporate services | 3.8 | 4.9 | 9.2
Technology and corporate services | (0.1) | (1.0) | (1.7)
Total related party expenses, net | $12.5 | $12.1 | $12.6


Question: What was the date after which FNF was no longer considered a related party?
Answer: November 30, 2019
19. Net Income per Share
The following table presents the calculation of basic and diluted net income per share (in millions, except per-share amounts):
Employee equity share options, unvested shares, and similar equity instruments granted and assumed by Cisco are treated as potential common shares outstanding in computing diluted earnings per share. Diluted shares outstanding include the dilutive effect of in-the-money options, unvested restricted stock, and restricted stock units. The dilutive effect of such equity awards is calculated based on the average share price for each fiscal period using the treasury stock method. Under the treasury stock method, the amount the employee must pay for exercising stock options and the amount of compensation cost for future service that has not yet recognized are collectively assumed to be used to repurchase shares.
Table:
Years Ended | July 27, 2019 | July 28, 2018 | July 29, 2017
Net income . | $11,621 | $110 | $9,609
Weighted-average shares—basic | 4,419 | 4,837 | 5,010
Effect of dilutive potential common shares | 34 | 44 | 39
Weighted-average shares—diluted . | 4,453 | 4,881 | 5,049
Net income per share—basic . | $2.63 | $0.02 | $1.92
Net income per share—diluted | $2.61 | $0.02 | $1.90
Antidilutive employee share-based awards, excluded | 55 | 61 | 136


Question: What was the percentage change in net income between 2018 and 2019?
Answer: 10464.55
Calculation: (11,621-110)/110
Long-term Incentive Program Performance Share Awards
During the year ended December 31, 2017, pursuant to the Company’s 2016 Incentive Plan, the Company granted long-term incentive program performance share awards (“LTIP performance shares”). These LTIP performance shares are earned, if at all, based upon the achievement, over a specified period that must not be less than one year and is typically a three-year performance period, of performance goals related to (i) the compound annual growth over the performance period in the sales for the Company as determined by the Company, and (ii) the cumulative operating income or EBITDA over the performance period as determined by the Company. Up to 200% of the LTIP performance shares may be earned upon achievement of performance goals equal to or exceeding the maximum target levels for the performance goals over the performance period. On a quarterly basis, management
A summary of the nonvested LTIP performance shares is as follows:
During the year ended December 31, 2019, the Company revised the expected attainment rates for outstanding LTIP performance shares due to changes in forecasted sales and operating income, resulting in additional stock-based compensation expense of approximately $3.7 million.
Table:
 | Number of Shares at Expected Attainment | Weighted Average Grant Date Fair Value
Nonvested at December 31, 2018 | 540,697 | $19.83
Forfeited | -56,567 | 18.80
Change in expected attainment | 185,339 | 20.09
Nonvested at December 31, 2019 | 669,469 | $20.12


Question: What was the additional stock-based compensation expense in 2019?
Answer: $3.7 million
18.1 Fair Values
The fair values of the currency and interest rate swap contracts exclude accrued interest of S$16.3 million (31 March 2018: S$16.8 million). The accrued interest is separately disclosed in Note 16 and Note 27.
The fair values of the derivative financial instruments were as follows –
Table:
 | Group |  | Company | 
 | Fair values |  | Fair values | 
 | Assets | Liabilities | Assets | Liabilities
2019 | S$ Mil | S$ Mil | S$ Mil | S$ Mil
Fair value and cash flow hedges |  |  |  | 
Cross currency swaps | 414.6 | 95.5 | 1.0 | 60.2
Interest rate swaps | 11.1 | 59.8 | - | 8.9
Forward foreign exchange contracts | 12.9 | 1.5 | 3.3 | 1.0
Derivatives that do not qualify for hedge accounting |  |  |  | 
Cross currency swaps | - | - | 104.7 | 104.7
Interest rate swaps | - | 1.9 | 17.5 | 17.5
Forward foreign exchange contracts | 0.1 | - | 0.1 | -
 | 438.7 | 158.7 | 126.6 | 192.3
Disclosed as – |  |  |  | 
Current | 155.1 | 9.2 | 0.7 | 0.5
Non-current | 283.6 | 149.5 | 125.9 | 191.8
 | 438.7 | 158.7 | 126.6 | 192.3


Question: How many different types of derivative financial instruments are there in the fair value and cash flow hedges?
Answer: 3
Calculation: Cross currency swaps##Interest rate swaps##Forward foreign exchange contracts
Historical Cash Flows
The following table sets forth our cash flows for the periods indicated (in thousands):
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Cash flows from operating activities | $47,112 | $60,710 | $57,187
Cash flows used in investing activities | (73,414) | (13,377) | (168,795)
Cash flows (used in) / from financing activities | (130) | 2,399 | 67,303


Question: What was the Cash flows used in investing activities in 2017
Answer: (168,795)
American Tower Corporation • 2019 Annual Report
Appendix 1 • Letter to Stakeholders
RETURN ON INVESTED CAPITAL (ROIC) RECONCILIATION1 ($ in millions. Totals may not add due to rounding.)
1 Historical denominator balances reflect purchase accounting adjustments
2 Represents Q4 2015 annualized numbers to account for full year impact of Verizon Transaction.
3 Represents Q4 2016 annualized numbers to account for full year impact of Viom Transaction
4 Adjusted to annualize impacts of acquisitions closed throughout the year.
5 Positively impacted by the Company's settlement with Tata in Q4 2018.
6 Excludes the impact of deferred tax adjustments related to valuation.
Table:
 | 2015 2 | 2016 3 | 2017 4 | 2018 4,5 | 2019 4
Adjusted EBITDA | $3,206 | $3,743 | $4,149 | $4,725 | $4,917
Cash Taxes | (107) | (98) | (137) | (172) | (168)
Maintenance Capex | (124) | (159) | (115) | (150) | (160)
Corporate Capex | (26) | (27) | (17) | (9) | (11)
Numerator | $2,948 | $3,459 | $3,880 | $4,394 | $4,579
Gross PPE | $14,397 | $15,652 | $16,950 | $17,717 | $19,326
Gross Intangibles | 12,671 | 14,795 | 16,183 | 16,323 | 18,474
Gross Goodwill6 | 4,240 | 4,510 | 4,879 | 4,797 | 5,492
Denominator | $31,308 | $34,957 | $38,012 | $38,837 | $43,292
ROIC | 9.4% | 9.9% | 10.2% | 11.3% | 10.6%


Question: What was the change in adjusted EBITDA between 2016 and 2017?
Answer: 406
Calculation: $4,149-$3,743
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
The final fair values of the assets acquired and liabilities assumed from our acquisitions in 2018 are as follows:
Table:
 | Trek | Electrostatic Product Line | LumaSense | Total
Accounts and other receivable, net | $ 2,818 | $  77 | $  7,167 | $ 10,062
Inventories | 3,941 | 292 | 9,372 | 13,605
Property and equipment | 594 | 50 | 1,353 | 1,997
Goodwill | — | 1,220 | 36,258 | 37,478
Intangible assets | 788 | 1,400 | 43,240 | 45,428
Deferred income tax assets | 606 | — | 6,331 | 6,937
Other assets | 854 | — | 6,004 | 6,858
Total assets acquired | 9,601 | 3,039 | 109,725 | 122,365
Accounts payable | 747 | 39 | 5,734 | 6,520
Deferred income tax liabilities | — | — | 11,699 | 11,699
Other liabilities | 2,782 | — | 7,608 | 10,390
Total liabilities assumed | 3,529 | 39 | 25,041 | 28,609
Total fair value of net assets acquired | $ 6,072 | $  3,000 | $  84,684 | $ 93,756


Question: What was the difference between the total fair value of Inventories and Goodwill?
Answer: 23873
Calculation: 37,478-13,605
Stock-based compensation expense categorized by various equity components for the years ended December 31, 2019, 2018 and 2017 is summarized in the table below (in thousands):
During the years ended December 31, 2019, 2018 and 2017, the Company granted stock options covering zero, zero and 70,000 shares, respectively. The 2017 estimated per share fair value of the grant was $4.62 before estimated forfeitures.
The total fair value of restricted stock awards and units vested during the years ended December 31, 2019, 2018 and 2017 was $30.1 million, $30.4 million and $22.7 million, respectively.
The total intrinsic value of options exercised during the years ended December 31, 2019, 2018 and 2017 was $0.2 million, $1.0 million and $5.5 million, respectively. The intrinsic value is calculated as the difference between the market value on the date of exercise and the exercise price of the shares.
As of December 31, 2019, the unrecognized stock-based compensation balance after estimated forfeitures consisted of $0.1 million related to unvested stock options, to be recognized over an estimated weighted average amortization period of 1.5 years, and $40.3 million related to restricted stock awards and units, including performance-based awards and units, to be recognized over an estimated weighted average amortization period of 2.3 years.
As of December 31, 2018, the unrecognized stock-based compensation balance after estimated forfeitures related to unvested stock options was $0.3 million to be recognized over an estimated weighted average amortization period of 2.0 years and $40.6 million related to restricted stock awards and units, including performance-based awards and units, to be recognized over an estimated weighted average amortization period of 2.2 years.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Employee stock options | $219 | $438 | $1,980
Restricted stock awards and units | 29,031 | 27,974 | 28,909
Employee stock purchase plan | 2,304 | 2,599 | 2,573
Total stock-based compensation expense | $31,554 | $31,011 | $33,462


Question: What is the percentage change in restricted stock awards and units’ expenses from 2018 to 2019?
Answer: 3.78
Calculation: (29,031-27,974)/27,974
Liquidity and Capital Resources
The following summarizes information regarding our cash, investments, and working capital (in thousands):
Cash was $169.6 million at June 30, 2019, representing an increase of $48.5 million from $121.1 million at June 30, 2018. Cash increased primarily due to cash provided by operations of $104.9 million partially offset by cash used in investing activities of $21.8 million mainly for capital expenditures, and cash used in financing activities of $34.4 million mainly as a result of repayments of debt and repurchases of stock.
Cash was $121.1 million at June 30, 2018, representing a decrease of $9.3 million from $130.5 million at June 30, 2017. Cash and cash equivalents decreased primarily due to cash used in investing activities of $132.5 million mainly for the acquisitions of the Campus Fabric and Data Center Businesses and capital expenditures, partially offset by cash provided by financing activities of $104.7 million as a result of additional borrowings for the acquisitions and cash provided by operations of $19.0 million.
Table:
 | June 30,
2019 | June 30,
2018
Cash  | $169,607 | $121,139
Marketable securities   | — | 1,459
Total cash and marketable securities | $169,607 | $122,598


Question: What was the percentage change in Total cash and marketable securities between 2018 and 2019?
Answer: 38.34
Calculation: (169,607-122,598)/122,598