hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
ITEM 6. SELECTED FINANCIAL DATA
The selected consolidated statements of operations data for the years ended December 31, 2019, 2018 and 2017 and the selected consolidated balance sheet data as of December 31, 2019 and 2018 are derived from our audited consolidated financial statements included elsewhere in this Annual Report. The selected consolidated statements of operations data for the years ended December 31, 2016 and 2015 and the selected consolidated balance sheet data as of December 31, 2017, 2016 and 2015 are derived from our audited consolidated financial statements not included in this Annual Report. Our historical results are not necessarily indicative of the results to be expected in the future. The selected financial data should be read together with Item 7. "Management’s Discussion and Analysis of Financial Condition and Results of Operations" and in conjunction with our consolidated financial statements, related notes, and other financial information included elsewhere in this Annual Report. The following tables set forth our selected consolidated financial and other data for the years ended and as of December 31, 2019, 2018, 2017, 2016 and 2015 (in thousands, except share and per share data).
Information about prior period acquisitions that may affect the comparability of the selected financial information presented below is included in Item 1. Business. Information about the $28.0 million expense recorded in general and administrative expense in 2018, which relates to the agreement reached to settle the legal matter alleging violations of the Telephone Consumer Protection Act, or TCPA, and may affect the comparability of the selected financial information presented below, is disclosed in Item 3. “Legal Proceedings.” Information about the $1.7 million of interest recorded within interest income and the $6.9 million of gain recorded within other income, net, in 2019, which relates to promissory note proceeds received from one of our hardware suppliers and proceeds from an acquired promissory note, and may affect the comparability of the selected financial information presented below, is disclosed in Item 7. "Management’s Discussion and Analysis of Financial Condition and Results of Operations."
Certain previously reported amounts in the consolidated statements of operations for the years ended December 31, 2018, 2017, 2016 and 2015 have been reclassified to conform to our current presentation to reflect interest income as a separate line item, which was previously included in other income, net.
Table:
 |  |  | As of December 31, |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
Balance sheet and other data: |  |  |  |  | 
Cash and cash equivalents | $119,629 | $146,061 | $96,329 | $140,634 | $128,358
Working capital | 167,879 | 152,793 | 119,433 | 150,485 | 131,971
Total assets | 557,799 | 440,985 | 371,641 | 261,245 | 226,095
Total long-term obligations | 115,143 | 88,126 | 94,311 | 30,297 | 26,885
Total stockholders' equity | 355,651 | 277,589 | 232,827 | 191,249 | 170,131


Question: What was the percentage change in the total assets between 2018 and 2019?
Answer: 26.49
Calculation: (557,799-440,985)/440,985
Unrecognized Tax Benefits
Activity related to unrecognized tax benefits is as follows (in thousands):
During the year ended July 31, 2019, the Company’s unrecognized tax benefits increased by $1.3 million, primarily associated with the Company’s U.S. Federal and California R&D credits. As of July 31, 2019, the Company had unrecognized tax benefits of $6.2 million that, if recognized, would affect the Company’s effective tax rate. An estimate of the range of possible change within the next 12 months cannot be made at this time.
The Company, or one of its subsidiaries, files income taxes in the U.S. Federal jurisdiction and various state and foreign jurisdictions. If the Company utilizes net operating losses or tax credits in future years, the U.S. Federal, state and local, and non-U.S. tax authorities may examine the tax returns covering the period in which the net operating losses and tax credits arose. As a result, the Company’s tax returns in the U.S. and California remain open to examination from fiscal years 2002 through 2019. As of July 31, 2019, the Company has no income tax audits in progress in the U.S. or foreign jurisdictions.
Table:
 |  | Fiscal years ended July 31, | 
 | 2019 | 2018 | 2017
Unrecognized tax benefit - beginning of period | $10,321 | $9,346 | $7,687
Gross increases - prior period tax positions | 98 | 729 | 712
Gross decreases - prior period tax positions | (88) | (878) | (691)
Gross increases - current period tax positions | 1,302 | 1,124 | 1,638
Unrecognized tax benefit - end of period | $11,633 | $10,321 | $9,346


Question: What was the increase in unrecognized tax benefits in 2019?
Answer: $1.3 million
7. Property, Plant and Equipment and Leases
Property, plant and equipment at April 30, 2019 and 2018, consisted of the following (in thousands):
Depreciation and amortization expense for the years ended April 30, 2019 and 2018 was $2,802,000 and $2,484,000, respectively.
Maintenance and repairs charged to operations for the years ended April 30, 2019 and 2018 was approximately $309,000 and $466,000, respectively.
The Company leases its Long Island, New York headquarters building. On July 25, 2018, the Company signed an amendment to the lease which extends the current lease terms ten years and eight months through September 30, 2029. Pursuant to the amendment to the lease agreement, the annual rent will increase from $1,046,810 in 2019 to $1,276,056 in 2029. Under the terms of the lease, the Company is required to pay its proportionate share of real estate taxes, insurance and other charges.
In addition, the Company’s subsidiaries in New Jersey and California lease their office and manufacturing facilities. On February 1, 2018, FEI-Elcom entered into a new lease agreement in New Jersey for office and manufacturing space encompassing approximately 9,000 square feet. The monthly rent is $9,673 through the end of the lease which expires in January 31, 2021. FEI-Zyfer has signed a second amendment to its lease in California, which extends the lease an additional 88 months, beginning October 1, 2017 and expiring January 31, 2025. The average annual rent over the period of the amendment is approximately $312,000. FEI-Zyfer leases office and manufacturing space encompassing 27,850 square feet.
Rent expense under operating leases for the years ended April 30, 2019 and 2018 was approximately $1.2 million and $1.7 million, respectively. The Company records rent expense on its New York building and FEI-Zyfer facility on the straight-line method over the lives of the respective leases. As a result, as of April 30, 2019 and 2018, the Company’s Consolidated Balance Sheet included deferred rent payable of approximately $236,000 and $110,000, respectively, which will be recognized over the respective rental periods.
Table:
 | 2019 | 2018
Buildings and building improvements | $2,692 | $2,790
Machinery, equipment and furniture | 57,157 | 57,503
 | 59,849 | 60,293
Less, accumulated depreciation | (46,811 ) | (46,166)
 | $13,038 | $ 14,127


Question: What is the depreciation and amortization expense for 2019 and 2018 respectively?
Answer: $2,802,000, $2,484,000
Interest in associates
*Included within share of profit from associates is $1,917,000 representing NSR’s share of fair value gains related to investment properties held by joint ventures and associates (30 June 2018: $1,383,000).
The Group owns 24.9% (2018: 24.9%) of the Australia Prime Storage Fund (“APSF”). APSF is a partnership with Universal Self Storage to facilitate the development and ownership of multiple premium grade selfstorage centres in select cities around Australia.
During the year ended 30 June 2019, National Storage (Operations) Pty Ltd earned fees of $0.8m from APSF associated with the design, development, financing of the construction process, and ongoing management of centres (see note 17) (30 June 2018: $0.7m).
As at 30 June 2019, APSF had two operating centres in Queensland, Australia, with a third asset under construction in Victoria, Australia.
Following the financial year end, on 26 July 2019, the Group purchased two storage centre investment properties from APSF for $42.6m, and reached an agreement to purchase a third asset for $21.35m on completion of construction (see note 23). During the year ended 30 June 2018, the Group purchased a storage centre investment property asset in Queensland, Australia from APSF for $14m.
As at 30 June 2019, APSF had contractual commitments of $2.8m in place for the construction of one storage centre in Victoria, Australia. Neither associate had any contingent liabilities or any other capital commitments at 30 June 2019 or 30 June 2018. As at 30 June 2019, APSF had contractual commitments of $2.8m in place for the construction of one storage centre in Victoria, Australia. Neither associate had any contingent liabilities or any other capital commitments at 30 June 2019 or 30 June 2018.
The Group holds a 24% (30 June 2018: 24.8%) holding in Spacer Marketplaces Pty Ltd (“Spacer”). Spacer operate online peer-to-peer marketplaces for self-storage and parking.
Table:
 | 2019 | 2018
 | $'000 | $'000
Opening balance at 1 July | 10,693 | 8,611
Capital contribution / acquisition of shareholding in associates | - | 2,048
Share of profit from associates* | 1,695 | 1,282
Distributions from associate | - | (1,248)
Closing balance at 30 June | 12,388 | 10,693


Question: What was the average Capital contribution / acquisition of shareholding in associates for 2018 and 2019?
Answer: 1024
Calculation: (0 + 2,048) / 2
Total assets for the Company decreased $76.4 million as of December 31, 2019 as compared to December 31, 2018.  Entertainment and Communications assets decreased $58.8 million due to a decrease in property, plant and equipment primarily as a result of the increased depreciation in 2019 related to Hawaiian Telcom property, plant and equipment exceeding capital expenditures. IT Services and Hardware assets increased by $32.6 million primarily due to the Company’s recognition of operating lease right-of-use assets in the Consolidated Balance Sheets upon adoption of ASU 2016-02.
Corporate assets decreased $50.2 million primarily due to decreased receivables. Lower receivables is partially due to timing of sales in the fourth quarter as well as additional sales of certain receivables under the factoring arrangement as of December 31, 2019 compared to December 31, 2018. Deferred tax assets and liabilities totaled $59.3 million and $11.7 million as of December 31, 2019, respectively. Deferred tax assets and liabilities totaled $47.5 million and $11.4 million as of December 31, 2018, respectively. The increase in deferred tax assets in 2019, as compared to 2018, is due to increased net operating losses in 2019.
Table:
 |  | As of December 31,
(dollars in millions) | 2019 | 2018
Assets |  | 
Entertainment and Communications | $1,840.0 | $1,898.8
IT Services and Hardware | 500.7 | 468.1
Corporate and eliminations | 313.1 | 363.3
Total assets | $2,653.8 | $2,730.2


Question: Why did Corporate assets decrease?
Answer: Corporate assets decreased $50.2 million primarily due to decreased receivables.
13. Intangible assets continued
Goodwill has been allocated to three CGUs, which align with the reportable operating segments, as follows:
Table:
 | 2019 | 2018
 | $ million | $ million
Networks & Security | 73.4 | 72.0
Lifecycle Service Assurance | 37.6 | 37.6
Connected Devices | 46.1 | 46.1
 | 157.1 | 155.7


Question: What was the percentage change in the total intangible assets?
Answer: 0.9
Calculation: (157.1-155.7)/155.7
7. Employee numbers and costs
The average monthly number of employees (including Executive Directors but excluding third-party contractors) employed by the Group was as follows:
Table:
 | 2019 | 2018
 | Number | Number
Customer operations | 370 | 380
Product and technology | 317 | 312
Corporate | 115 | 130
Total | 802 | 822


Question: What is the total average number of employees employed in 2019?
Answer: 802
the company granted 1020 performance shares . the vesting of these shares is contingent on meeting stated goals over a performance period . beginning with restricted stock grants in september 2010 , dividends are accrued on restricted class a common stock and restricted stock units and are paid once the restricted stock vests . the following table summarizes restricted stock and performance shares activity for 2010 : number of shares weighted average grant date fair value .

Table:
 | number of shares | weighted average grant date fair value
outstanding at december 31 2009 | 116677 | $ 280
granted | 134245 | 275
vested | -34630 ( 34630 ) | 257
cancelled | -19830 ( 19830 ) | 260
outstanding at december 31 2010 | 196462 | 283
the total fair value of restricted stock that vested during the years ended december 31 , 2010 , 2009 and 2008 , was $ 10.3 million , $ 6.2 million and $ 2.5 million , respectively .
eligible employees may acquire shares of cme group 2019s class a common stock using after-tax payroll deductions made during consecutive offering periods of approximately six months in duration .
shares are purchased at the end of each offering period at a price of 90% ( 90 % ) of the closing price of the class a common stock as reported on the nasdaq .
compensation expense is recognized on the dates of purchase for the discount from the closing price .
in 2010 , 2009 and 2008 , a total of 4371 , 4402 and 5600 shares , respectively , of class a common stock were issued to participating employees .
these shares are subject to a six-month holding period .
annual expense of $ 0.1 million for the purchase discount was recognized in 2010 , 2009 and 2008 , respectively .
non-executive directors receive an annual award of class a common stock with a value equal to $ 75000 .
non-executive directors may also elect to receive some or all of the cash portion of their annual stipend , up to $ 25000 , in shares of stock based on the closing price at the date of distribution .
as a result , 7470 , 11674 and 5509 shares of class a common stock were issued to non-executive directors during 2010 , 2009 and 2008 , respectively .
these shares are not subject to any vesting restrictions .
expense of $ 2.4 million , $ 2.5 million and $ 2.4 million related to these stock-based payments was recognized for the years ended december 31 , 2010 , 2009 and 2008 , respectively. .

Question: what was the sum of the total fair value of restricted stock that vested during 2008 and 2010 in millions
Answer: 19
Calculation: add(10.3, 6.2), add(#0, 2.5)
Financial information of associates and joint ventures:
There is no individually significant associate or joint venture for the Company. For individually immaterial associates and joint ventures, the following tables summarize the amount recognized by the Company at its share of those associates and joint ventures separately.
When an associate or a joint venture is a foreign operation, and the functional currency of the foreign entity is different from the Company, an exchange difference arising from translation of the foreign entity will be recognized in other comprehensive income (loss).
Such exchange differences recognized in other comprehensive income (loss) in the financial statements for the years ended December 31, 2017, 2018 and 2019 were NT$45 million, NT$(16) million and NT$(9) million, respectively, which were not included in the following table.
The aggregate amount of the Company’s share of all its individually immaterial associates that are accounted for using the equity method was as follows:
Table:
 |  | For the years ended December 31, | 
 | 2017 | 2018 | 2019
 | $NT(In Thousands) | $NT (In Thousands) | $NT (In Thousands)
Profit (loss) from continuing operations | $77,589 | $(616,665) | $115,329
Post-tax profit from discontinued operations | 80,248 | — | —
Other comprehensive income (loss) | 526,773 | (82,871) | 873,308
Total comprehensive income (loss) | $684,610 | $(699,536) | $988,637


Question: What is the increase/ (decrease) in Profit (loss) from continuing operations from 2018 to 2019?
Answer: -501336
Calculation: 115,329-616,665
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
RESULTS OF OPERATIONS
Consolidated Performance Summary. The following table presents selected consolidated financial data for the indicated fiscal years (dollars in millions, except per share data):
*Non-GAAP metric; refer to "Return on Invested Capital ("ROIC") and Economic Return" below for more information and Exhibit 99.1 for a reconciliation.
Net sales. Fiscal 2019 net sales increased $290.9 million, or 10.1%, as compared to fiscal 2018.
Net sales are analyzed by management by geographic segment, which reflects the Company's reportable segments, and by market sector. Management measures operational performance and allocates resources on a geographic segment basis. The Company’s global business development strategy is based on our targeted market sectors.
Table:
 | 2019 | 2018
Net sales  | $3,164.4 | $2,873.5
Cost of sales  | 2,872.6 | 2,615.9
Gross profit  | 291.8 | 257.6
Gross margin  | 9.2% | 9.0%
Operating income  | 142.1 | 118.3
Operating margin  | 4.5% | 4.1%
Other expense  | 16.1 | 10.7
Income tax expense | 17.3 | 94.6
Net income  | 108.6 | 13.0
Diluted earnings per share  | $3.50 | $0.38
Return on invested capital*  | 13.1% | 16.1%
Economic return* | 4.1% | 6.6%


Question: How many years did the operating margin exceed 4%?
Answer: 2
Calculation: 2019##2018
(l) Cash, Cash Equivalents and Restricted Cash
Cash equivalents consist of highly liquid investments with maturities of three months or less on the date of purchase. Restricted cash includes cash and cash equivalents that is restricted through legal contracts, regulations or our intention to use the cash for a specific purpose. Our restricted cash primarily relates to refundable deposits and funds held in escrow.
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets to the total amounts shown in the statements of cash flows (in thousands):
Table:
 | December 31, 2019 | December 31, 2018
Cash and cash equivalents | $19,505 | $18,017
Restricted cash | 1,205 | 1,444
Total cash, cash equivalents and restricted cash in the consolidated statements of cash flows | $20,710 | $19,461


Question: What does restricted cash primarily relate to?
Answer: refundable deposits and funds held in escrow
16. PRODUCT WARRANTIES
We establish a product warranty liability at the time of revenue recognition. Product warranties generally have terms of 12 months and cover nonconformance with specifications and defects in material or workmanship. For sales to distributors, our warranty generally begins when the product is resold by the distributor. The liability is based on estimated costs to fulfill customer product warranty obligations and utilizes historical product failure rates. Should actual warranty obligations differ from estimates, revisions to the warranty liability may be required.
Product warranty liability activity is as follows (in thousands):
Table:
 |  | Fiscal Years   | 
 | 2019 | 2018 | 2017
Balance — beginning of year | $5,756 | $3,672 | $1,039
(Divested)/acquired | — | (49) | 952
Provisions/(expense) | (3,053) | 1,865 | 1,737
Direct charges/(payments) | 570 | 268 | (56)
Balance — end of year | $3,273 | $5,756 | $3,672


Question: In which year was Balance — beginning of year less than 5,000 thousands?
Answer: 2018, 2017
Calculation: locate and analyze Balance — beginning of year in row 3
Intellectual Property and Custom Development Income
Licensing of intellectual property including royalty-based fees decreased 49.2 percent in 2019 compared to 2018. This was primarily due to a decline in new partnership agreements compared to the prior year. The timing and amount of licensing, sales or other transfers of IP may vary significantly from period to period depending upon the timing of licensing agreements, economic conditions, industry consolidation and the timing of new patents and know-how development.
Table:
($ in millions) |  |  | Percent
For the year ended December 31: | 2019 | 2018 | Yr.-to-Yr. Percent Change
Licensing of intellectual property including royalty-based fees | $367 | $723 | (43.2)%
Custom development income | 246 | 275 | (10.5)
Sales/other transfers of intellectual property | 34 | 28 | 22.6
Total | $648 | $1,026 | (36.9)%


Question: What was the Licensing of intellectual property including royalty-based fees average?
Answer: 545
Calculation: (367 + 723) / 2
GAAP Results of Operations
Key Performance Indicators* (in millions):
* excludes discontinued operations (See Note 5 of Notes to Consolidated Financial Statements).
** excludes special charges, net (See Note 5 of Notes to Consolidated Financial Statements).
1 Includes $20.0 million of income tax benefits primarily related to the reversal of valuation allowances against the Company's deferred tax assets and the
impacts of U.S. tax reform enacted in Q4 of 2017.
Table:
 |  | Years Ended December 31, |  | Change | 
 | 2019 | 2018 | 2017 | 2019 vs 2018 | 2018 vs 2017
Net sales of continuing operations |  |  |  |  | 
Consolidated net sales | $946.9 | $896.9 | $791.8 | 5.6% | 13.3%
Consolidated gross profits | $325.7 | $307.7 | $273.2 | 5.8% | 12.6%
Consolidated gross margin | 34.4% | 34.3% | 34.5% | 0.1% | (0.2)%
Consolidated SD&A costs ** | $260.4 | $245.2 | $227.2 | 6.2% | 7.9%
Consolidated SD&A costs ** as % of sales | 27.5% | 27.3% | 28.7% | 0.2% | (1.4)%
Consolidated operating income | $66.1 | $61.7 | $45.7 | 7.1% | 35.0%
Consolidated operating margin from continuing operations | 7.0% | 6.9% | 5.8% | 0.1% | 1.1%
Effective income tax rate | 24.4% | 21.3% | (44.0)% | 3.1% | 65.3%
Net income from continuing operations | $50.0 | $49.5 | 65.5 (1) | 1.0% | (24.4)%
Net margin from continuing operations | 5.3% | 5.5% | 8.3% | (0.2)% | (2.8)%
Income (loss) from discontinued operations, net of tax $ | $(1.5) | $175.2 | $(25.1) | (100.9)% | 798.0%


Question: What is the change in consolidated net sales between 2019 vs 2018 and 2018 vs 2017 respectively?
Answer: 5.6%, 13.3%
VALUATION AND QUALIFYING ACCOUNTS
(in millions)
Foreign exchange and other includes the impact of foreign exchange and certain immaterial reclassifications.
Table:
 | Allowances For | 
 | Financing Receivables | Accounts Receivable
Year ended July 29, 2017 |  | 
Balance at beginning of fiscal year . | $375 | $249
Provisions (benefits) | (35) | 27
Recoveries (write-offs), net . | (49) | (61)
Foreign exchange and other . | 4 | (4)
Balance at end of fiscal year | $295 | $211
Year ended July 28, 2018 |  | 
Balance at beginning of fiscal year . | $295 | $211
Provisions (benefits) | (89) | (45)
Recoveries (write-offs), net . | (6) | (37)
Foreign exchange and other . | 5 | —
Balance at end of fiscal year | $205 | $129
Year ended July 27, 2019 |  | 
Balance at beginning of fiscal year | $205 | $129
Provisions (benefits) | (16) | 56
Recoveries (write-offs), net | (42) | (50)
Foreign exchange and other  . | (21) | 1
Balance at end of fiscal year | $126 | $136


Question: What was the balance at beginning of fiscal year in 2017 for allowances for financing receivables?
Answer: 375