hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Financial Statement Impact of Adoption on Previously Reported Results
We adopted Topic 606 using the modified retrospective method. The cumulative impact of applying the new guidance to all contracts with customers that were not completed as of April 1, 2018 was recorded as an adjustment to retained earnings as of the adoption date. As a result of applying the modified retrospective method to adopt the new standard, the following adjustments were made to noted accounts on the Consolidated Balance Sheet as of April 1, 2018:
The acceleration of revenue that was deferred under prior guidance as of the adoption date was primarily attributable to the requirement of Topic 606 to allocate the transaction price to the performance obligations in the contract on a relative basis using SSP rather than allocating under the residual method, which allocates the entire arrangement discount to the delivered performance obligations.
Due to the Company's full valuation allowance as of the adoption date, there is no tax impact associated with the adoption of Topic 606.
We made certain presentation changes to our Consolidated Balance Sheet on April 1, 2018 to comply with Topic 606. Prior to adoption of the new standard, we offset accounts receivable and contract liabilities (previously presented as deferred revenue on our Consolidated Balance Sheet) for unpaid deferred performance obligations included in contract liabilities.
Under the new standard, we record accounts receivable and related contract liabilities for non-cancelable contracts with customers when the right to consideration is unconditional. Upon adoption, the right to consideration in exchange for goods or services that have been transferred to a customer when that right is conditional on something other than the passage of time were reclassified from accounts receivable to contract assets.
Table:
(In thousands) | March 31, 2018 | Adjustment from Topic 606 | April 1, 2018
Assets: |  |  | 
Accounts receivable, net | 16,389 | 3,124 | 19,513
Contract assets | — | 4,583 | 4,583
Prepaid expenses and other current assets | 5,593 | (496) | 5,097
Other non-current assets | 2,484 | 2,409 | 4,893
Liabilities: |  |  | 
Contract liabilities | 26,820 | 7,006 | 33,826
Shareholders' equity: |  |  | 
Retained earnings | 103,601 | 2,614 | 106,215


Question: What was the percentage change in  Accounts receivable, net after  Adjustment from Topic 606?
Answer: 19.06
Calculation: 3,124/16,389
GasLog Ltd. and its Subsidiaries
Notes to the consolidated financial statements (Continued)
For the years ended December 31, 2017, 2018 and 2019
(All amounts expressed in thousands of U.S. Dollars, except share and per share data)
29. Earnings/(losses) per share (‘‘EPS’’)
Basic earnings/(losses) per share was calculated by dividing the profit/(loss) for the year attributable to the owners of the common shares after deducting the dividend on Preference Shares by the weighted average number of common shares issued and outstanding during the year.
Diluted EPS is calculated by dividing the profit/(loss) for the year attributable to the owners of the Group adjusted for the effects of all dilutive potential ordinary shares by the weighted average number of all potential ordinary shares assumed to have been converted into common shares, unless such potential ordinary shares have an antidilutive effect.
The following reflects the earnings/(losses) and share data used in the basic and diluted earnings/ (losses) per share computations:
The Group excluded the effect of 2,630,173 SARs and 367,162 RSUs in calculating diluted EPS for the year ended December 31, 2019, as they were anti-dilutive (December 31, 2018: 555,453 SARs and 0 RSUs, December 31, 2017: 998,502 SARs and 0 RSUs).
Table:
 |  | For the year ended December 31, | 
 | 2017 | 2018 | 2019
Basic earnings/(loss) per share |  |  | 
Profit/(loss) for the year attributable to owners of the Group | 15,506 | 47,683 | (100,661)
Less: Dividends on Preference Shares | (10,064) | (10,063) | (10,063)
Profit/(loss) for the year available to owners of the Group | 5,442 | 37,620 | (110,724)
Weighted average number of shares outstanding, basic | 80,622,788 | 80,792,837 | 80,849,818
Basic earnings/(loss) per share | 0.07 | 0.47 | (1.37)
Diluted earnings/(loss) per share |  |  | 
Profit/(loss) for the year available to owners of the Group used in the calculation of diluted EPS | 5,442 | 37,620 | (110,724)
Weighted average number of shares outstanding, basic | 80,622,788 | 80,792,837 | 80,849,818
Dilutive potential ordinary shares | 643,342 | 844,185 | —
Weighted average number of shares used in the calculation of diluted EPS | 81,266,130 | 81,637,022 | 80,849,818
Diluted earnings/(loss) per share | 0.07 | 0.46 | (1.37)


Question: What was the percentage change in diluted EPS from 2017 to 2018?
Answer: 557.14
Calculation: (0.46 - 0.07)/0.07
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (United States Dollars in thousands, except per share data and unless otherwise indicated)
Business Metrics
We review a number of operating and financial metrics to evaluate our business, measure our performance, identify trends, formulate plans and make strategic decisions, including the following.
Transaction Volume. We define transaction volume as the dollar value of loans facilitated on our platform
during a given period. Transaction volume is an indicator of revenue and overall platform profitability and has
grown substantially in the past several years.
Loan Servicing Portfolio. We define our loan servicing portfolio as the aggregate outstanding consumer loan balance (principal plus accrued interest and fees) serviced by our platform at the date of measurement. Our loan servicing portfolio is an indicator of our servicing activities. The average loan servicing portfolio for the years ended December 31, 2019, 2018 and 2017 was $8,213 million, $6,303 million and $4,501 million, respectively.
Active Merchants. We define active merchants as home improvement merchants and healthcare providers that have submitted at least one consumer application during the twelve months ended at the date of measurement. Because our transaction volume is a function of the size, engagement and growth of our merchant network, active merchants, in aggregate, are an indicator of future revenue and profitability, although they are not directly correlated. The comparative measures can also be impacted by disciplined corrective action taken by the Company to remove merchants from our program who do not meet our customer satisfaction standards.
Cumulative Consumer Accounts. We define cumulative consumer accounts as the aggregate number of consumer accounts approved on our platform since our inception, including accounts with both outstanding and zero balances. Although not directly correlated to revenue, cumulative consumer accounts is a measure of our brand awareness among consumers, as well as the value of the data we have been collecting from such consumers since our inception. We may use this data to support future growth by cross-marketing products and delivering potential additional customers to merchants that may not have been able to source those customers themselves.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Transaction Volume |  |  | 
Dollars (in millions) | $5,954 | $5,030 | $3,767
Percentage increase | 18% | 34% | 
Loan Servicing Portfolio |  |  | 
Dollars (in millions, at end of period) | $9,150 | $7,341 | $5,390
Percentage increase | 25% | 36% | 
Active Merchants |  |  | 
Number (at end of period) | 17,216 | 14,907 | 10,891
Percentage increase | 15% | 37% | 
Cumulative Consumer Accounts |  |  | 
Number (in millions, at end of period) | 3.03 | 2.24 | 1.57
Percentage increase | 35% | 43% | 


Question: How did the company define Loan Servicing Portfolio?
Answer: the aggregate outstanding consumer loan balance (principal plus accrued interest and fees) serviced by our platform at the date of measurement.
Note 24. Stock-Based Compensation
The Company’s stock-based compensation plans include the 2019 Equity Incentive Plan for employees and certain non-employees, including non-employee directors, and the Deferred Compensation Plan for certain eligible employees. The Company issues common stock and uses treasury stock to satisfy stock option exercises or vesting of stock awards.
The following table summarizes the stock-based compensation expense (primarily in the Americas) and income tax benefits related to the stock-based compensation, both plan and non-plan related (in thousands):
(1) Included in "General and administrative" costs in the accompanying Consolidated Statements of Operations.
(2) Included in "Income taxes" in the accompanying Consolidated Statements of Operations.
There were no capitalized stock-based compensation costs as of December 31, 2019, 2018 and 2017.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Stock-based compensation (expense) (1) | $(7,396) | $(7,543) | $(7,621)
Income tax benefit (2) | 1,775 | 1,810 | 2,858


Question: Where is stock-based compensation (expense) included?
Answer: in "General and administrative" costs in the accompanying Consolidated Statements of Operations.
FRT Term Loan
On October 25, 2019, we entered into a $23.4 million three-year credit facility loan agreement (the "FRT Term Loan") with HSBC Trinkaus & Burkhardt AG, Germany, to fund the acquisition of FRT GmbH, which we acquired on October 9, 2019. See Note 4 for further details of the acquisition.
The FRT Term Loan bears interest at a rate equal to the Euro Interbank Offered Rate ("EURIBOR") plus 1.75 % per annum and will be repaid in quarterly installments of approximately $1.9 million plus interest beginning January 25, 2020.
The obligations under the FRT Term Loan are fully and unconditionally guaranteed by FormFactor, Inc.
The Credit Facility contains negative covenants customary for financing of this type, including covenants that place limitations on the incurrence of additional indebtedness, the creation of liens, the payment of dividends; dispositions; fundamental changes, including mergers and acquisitions; loans and investments; sale leasebacks; negative pledges; transactions with affiliates; changes in fiscal year; sanctions and anti-bribery laws and regulations, and modifications to charter documents in a manner materially adverse to the Lenders.
The FRT Term Loan also contains affirmative covenants and representations and warranties customary for financing of this type.
Future principal and interest payments on our term loans as of December 28, 2019, based on the interest rate in effect at that date were as follows (in thousands):
(1) Represents our minimum interest payment commitments at 1.35% per annum for the FRT Term Loan and 3.71% per annum for the CMI Term Loan.
Table:
 |  | Payments Due In Fiscal Year |  | 
 | 2020 | 2021 | 2022 | Total
Term loans - principal payments | $42,838 | $7,838 | $7,838 | $58,514
Term loans - interest payments(1) | 777 | 155 | 47 | 979
Total | $43,615 | $7,993 | $7,885 | $59,493


Question: In which year was Term loans - principal payments less than 10,000 thousands?
Answer: 2021, 2022
Calculation: locate and analyze Term loans - principal payments in row 3
Liquidity and Capital Resources
Working Capital
The following table summarizes our cash and cash equivalents, accounts receivable, net and working capital, for the periods indicated (in thousands):
We define working capital as current assets minus current liabilities. Our cash and cash equivalents as of December 31, 2019 are available for working capital purposes. We do not enter into investments for trading purposes, and our investment policy is to invest any excess cash in short term, highly liquid investments that limit the risk of principal loss; therefore, our cash and cash equivalents are held in demand deposit accounts that generate very low returns.
Table:
 |  | As of December 31, | 
 | 2019 | 2018 | 2017
Cash and cash equivalents | $119,629 | $146,061 | $96,329
Accounts receivable, net | 76,373 | 49,510 | 40,634
Working capital | 167,879 | 152,793 | 119,433


Question: What was the percentage change in Cash and cash equivalents between 2018 and 2019?
Answer: -18.1
Calculation: (119,629-146,061)/146,061
CASH FLOW ANALYSIS
(1) Fiscal 2018 was restated to comply with IFRS 15 and to reflect a change in accounting policy as well as to reclassify results from Cogeco Peer 1 as discontinued operations. For further details, please consult the "Accounting policies" and "Discontinued operations" sections. (2) For further details on the Corporation's cash flow attributable to discontinued operations, please consult the "Discontinued operations" section.
OPERATING ACTIVITIES Fiscal 2019 fourth-quarter cash flow from operating activities increased by 19.3% compared to the same period of the prior year mainly from: • higher adjusted EBITDA; • the decreases in income taxes paid and financial expense paid; and • the increase in changes in non-cash operating activities primarily due to changes in working capital.
INVESTING ACTIVITIES Fiscal 2019 fourth-quarter investing activities decreased by 25.8% compared to the same period of the prior year mainly due to the acquisition of spectrum licenses in the Canadian broadband services segment in the comparable period of the prior year combined with a decrease in acquisitions of property, plant and equipment.
Table:
Three months ended August 31, | 2019 | 2018 (1) | Change
(in thousands of dollars, except percentages) | $ | $ | %
Cash flow from operating activities | 304,702 | 255,438 | 19.3
Cash flow from investing activities | (144,332) | (194,474) | (25.8)
Cash flow from financing activities | (50,198) | (52,127) | (3.7)
Effect of exchange rate changes on cash and cash equivalents denominated in a foreign currency | (1,405) | (63) | —
Net change in cash and cash equivalents from continuing operations | 108,767 | 8,774 | —
Net change in cash and cash equivalent from discontinued operations(2) | — | 13,133 | (100.0)
Cash and cash equivalents, beginning of the period | 447,737 | 62,818 | —
Cash and cash equivalents, end of the period | 556,504 | 84,725 | —


Question: What was reason for the increase in changes in non-cash operating activities?
Answer: primarily due to changes in working capital.
The following table summarizes our long-lived assets (consisting of property, plant and equipment) by geography at the end of fiscal 2019, fiscal 2018 and fiscal 2017 (in millions).
We have many suppliers of raw materials and subcontractors which provide our various materials and service needs. We generally seek to have multiple sources of supply for our raw materials and services, but, in some cases, we may rely on a single or limited number of suppliers.
Table:
 |  | March 31, | 
 | 2019 | 2018 | 2017
United States | $521.1 | $393.3 | $388.5
Thailand | 209.3 | 215.5 | 178.0
Various other countries | 266.3 | 159.1 | 116.8
Total long-lived assets | $996.7 | $767.9 | $683.3


Question: What was the change in assets from various other countries between 2017 and 2018?
Answer: 42.3
Calculation: 159.1-116.8
Contractual Obligations
Our contractual obligations as of December 31, 2019, were:
We have no off-balance sheet arrangements that have a material current effect or are reasonably likely to have a material future effect on our financial condition or changes in our financial condition.
Management believes that existing capital resources and funds generated from operations are sufficient to finance anticipated capital requirements.
Table:
 |  |  | Payments due by period |  | 
 | Total | 2020 | 2021-2022 | 2023-2024 | 2025-beyond
Long-term debt, including interest | $111,586 | $2,807 | $5,876 | $102,903 | $—
Operating lease payments | 37,610 | 4,467 | 8,764 | 7,813 | 16,566
Retirement obligations | 6,447 | 757 | 1,429 | 1,328 | 2,933
Total | $155,643 | $8,031 | $16,069 | $112,044 | $19,499


Question: What was the difference between total Operating lease payments and   Retirement obligations  payments ?
Answer: 31163
Calculation: 37,610-6,447
The following changes occurred in the amount of unrecognized tax benefits (in thousands):
For the year ended December 31, 2019, 2018 and 2017, the Company has recorded income tax expense of $128,000, $143,000 and $76,000, respectively, related to uncertain tax positions. The Company’s policy is to recognize potential interest and penalties related to unrecognized tax benefits associated with uncertain tax positions, if any, in the income tax provision. At December 31, 2019, 2018 and 2017, the Company had accrued $22,000, $15,000 and $11,000 in interest and penalties related to uncertain tax positions.
The Company is subject to taxation in the United States and various states along with other foreign countries. The Company has not been notified that it is under audit by the IRS or any state or foreign taxing authorities, however, due to the presence of NOL carryforwards, all of the income tax years remain open for examination in each of these jurisdictions. The Company does not believe that it is reasonably possible that the total amount of unrecognized tax benefits will significantly increase or decrease in the next 12 months.
Deferred income taxes have not been provided for undistributed earnings of the Company’s consolidated foreign subsidiaries because of the Company’s intent to reinvest such earnings indefinitely in active foreign operations. At December 31, 2019, the Company had $0.6 million in unremitted earnings that were permanently reinvested related to its consolidated foreign subsidiaries.
Table:
 |  | Year Ended December 31 | 
 | 2019 | 2018 | 2017
Beginning balance of unrecognized tax benefits | $469 | $326 | $250
Additions for current year tax positions | 106 | 142 | 65
Reductions for prior year tax positions | — | (14) | —
Ending balance (excluding interest and penalties) | 575 | 454 | 315
Interest and penalties | 22 | 15 | 11
Total | $597 | $469 | $326


Question: What was the average Reductions for prior year tax positions from 2017-2019?
Answer: -4.67
Calculation: -(0 + 14 + 0) / 3
Accounts Receivable
The following is a summary of Accounts receivable (in thousands):
Table:
 | June 30,
2019 | June 30,
2018
Accounts receivable  | $201,365 | $225,167
Allowance for doubtful accounts | (1,054) | (1,478)
Allowance for product returns | (25,897) | (11,266)
Accounts receivable, net  | $174,414 | $212,423


Question: How many years did the net accounts receivable exceed $200,000 thousand?
Answer: 1
Calculation: 2018
6. Inventories
Inventories at April 30, 2019 and 2018, respectively, consisted of the following (in thousands):
For the year ended April 30, 2018, the Company recorded a non-cash write-down of approximately $5.6 million of inventory. Inventory write-down resulted from two principal factors: (1) adoption by satellite manufacturers of policies precluding the use of parts and components over ten years old. This policy was unanticipated and resulted in reduced likelihood of FEI being able to use inventory that exceeds that threshold, and (2) changing technology associated with the advanced analog-to-digital converters which enables direct synthesis of certain frequencies for which FEI previously provided frequency conversion technology, reducing the likelihood that some parts and components associated with frequency conversion will be usable. Additionally, the Company’s new inventory reserve policy resulted in a charge of $1.1 million in the fiscal year ended April 30, 2019. Inventory reserves included in inventory were $6.6 million and $5.5 million for the fiscal years ended April 30, 2019 and 2018, respectively.
Table:
 | 2019 | 2018
Raw Materials and Component Parts | $11,600 | $ 16,206
Work in Progress | 8,896 | 8,216
Finished Goods | 2,860 | 1,764
 | $23,356 | $ 26,186


Question: In 2019, what is the percentage constitution of finished goods among the total inventory amount?
Answer: 12.25
Calculation: 2,860/23,356
NOTE 5 – PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment is summarized as follows (in thousands):
We do not have leasehold improvements nor do we have capitalized leases. Costs of betterments are capitalized while maintenance costs and repair costs are charged to operations as incurred. When a depreciable asset is retired from service, the cost and accumulated depreciation will be removed from the respective accounts.
Depreciation expense was $66 thousand and $73 thousand for each of the years ended December 31, 2019 and 2018, respectively.
Table:
 | December 31, | 
 | 2019 | 2018
Building and improvements | $1,273 | $1,273
Scientific equipment | 597 | 598
Computer hardware and software | 106 | 107
Machinery and equipment | 274 | 275
Land and improvements | 162 | 162
Other personal property | 70 | 70
Office equipment | 27 | 27
 | 2,509 | 2,512
Less: accumulated depreciation | (1,969) | (1,906)
Total property, plant and equipment, net | $ 540 | $ 606


Question: How much of scientific equipment is being decapitalized from 2018 to 2019? 
Answer: 1
Calculation: 598 - 597
Trading profit
The Group reported Trading profit of £128.5m in the year, growth of £5.5m, up +4.5% compared to 2017/18. Divisional contribution increased by £6.1m to £161.9m. The Grocery business recorded Divisional contribution growth of £8.3m to £138.3m while Sweet Treats Divisional contribution was £2.2m lower than the prior year at £23.6m. Group & corporate costs were £0.6m higher than the prior year.
In the first half of the year, Grocery Divisional contribution benefitted from previous changes in the promotional strategy of Ambrosia. The business reduced the depth of promotional deals it offered which resulted in lower volumes and revenue in the period but growth in Divisional contribution.
Additionally, Divisional contribution margins in the Grocery business grew 2.1 percentage points in the first half compared to the prior year. This is in line with margins two years ago, whereby margins in the prior year were impacted by a longer than expected process to recover input cost inflation seen across the Group’s categories.
Table:
£m | 2018/19 | 2017/18 | Change
Divisional contribution2 |  |  | 
Grocery | 138.3 | 130.0 | +6.3%
Sweet Treats | 23.6 | 25.8 | (8.4%)
Total | 161.9 | 155.8 | +3.9%
Group & corporate costs | (33.4) | (32.8) | (1.8%)
Trading profit | 128.5 | 123.0 | +4.5%


Question: What is the change in Divisional contribution of Grocery from 2018/19 to 2017/18?
Answer: 8.3
Calculation: 138.3-130.0