hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Volatility in average selling prices for our semiconductor memory and storage products may adversely affect our business.
We have experienced significant volatility in our average selling prices, including dramatic declines as noted in the table below, and may continue to experience such volatility in the future. In some prior periods, average selling prices for our products have been below our manufacturing costs and we may experience such circumstances in the future. Average selling prices for our products that decline faster than our costs could have a material adverse effect on our business, results of operations, or financial condition.
Table:
 | DRAM | NAND
 | (percentage change in average selling prices) | 
2019 from 2018 | (30)% | (44)%
2018 from 2017 | 37% | (8)%
2017 from 2016 | 19% | (7)%
2016 from 2015 | (35)% | (19)%
2015 from 2014 | (11)% | (15)%


Question: What is the difference between percentage change in average selling prices of DRAM and NAND in 2019 from 2018?
Answer: 14
Calculation: 44 - 30
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)
18. Revenues from Contracts with Customers
The Group has recognized the following amounts relating to revenues:
Revenues from The Cool Pool Limited relate only to the pool revenues received from GasLog’s vessels operating in the Cool Pool and do not include the Net pool allocation to GasLog of ($4,264) for the year ended December 31, 2019 ($17,818 for the year ended December 31, 2018 and $7,254 for the year ended December 31, 2017), which is recorded as a separate line item in the Profit or Loss Statement.
Following the exit from the Cool Pool, management allocates revenues from time charters to two categories: (a) variable rate charters and (b) fixed rate charters. The variable rate charter category contains vessels operating in the LNG carrier spot and short-term market or those which have a variable rate of hire across the charter period.
Table:
 |  | For the year ended December 31, | 
 | 2017 | 2018 | 2019
Revenues from fixed rate time charters | 485,961 | 515,324 | 558,266
Revenues from variable rate time charters | — | — | 64,334
Revenues from The Cool Pool Limited (GasLog vessels) | 38,046 | 102,253 | 45,253
Revenues from vessel management services | 1,222 | 767 | 784
Total | 525,229 | 618,344 | 668,637


Question: What are the two segments the management allocated the revenues from time charters?
Answer: (a) variable rate charters and (b) fixed rate charters.
NOTE 10. EARNINGS PER SHARE
The following table reflects the reconciliation between basic and diluted earnings per share.
Per share information is based on the weighted average number of common shares outstanding for each of the fiscal years. Stock options and restricted stock have been included in the calculation of earnings per share to the extent they are dilutive. The two-class method for computing EPS has not been applied because no outstanding awards contain non-forfeitable rights to participate in dividends. There were no anti-dilutive stock options and restricted stock excluded for fiscal 2019, 41 shares excluded for fiscal 2018, and 32 shares excluded for fiscal 2017.
Table:
 | Year Ended June 30, |  | 
 | 2019 | 2018 | 2017
Net Income | $271,885 | $365,034 | $229,561
Common share information: |  |  | 
Weighted average shares outstanding for basic earnings per share | 77,160 | 77,252 | 77,856
Dilutive effect of stock options and restricted stock | 187 | 333 | 399
Weighted average shares outstanding for diluted earnings per share | 77,347 | 77,585 | 78,255
Basic earnings per share | $3.52 | $4.73 | $2.95
Diluted earnings per share | $3.52 | $4.70 | $2.93


Question: What is the average basic earnings per share for 2017 and 2018?
Answer: 3.84
Calculation: (4.73+2.95)/2
Network advertising revenue is generated primarily from the sale of television airtime for programs or advertisements. Network advertising revenue is recognized when the program or advertisement is broadcast. Revenues are reported net of agency commissions, which are calculated as a stated percentage applied to gross billings. The Network advertising contracts are generally short-term in nature.
Network distribution revenue consists of payments received from cable, satellite and other multiple video program distribution systems for their retransmission of our network content. Network distribution revenue is recognized as earned over the life of the retransmission consent contract and varies from month to month.
Variable fees are usage/sales based, calculated on the average number of subscribers, and recognized as revenue when the usage occurs. Transaction prices are based on the contract terms, with no material judgments or estimates.
Broadcast station revenue is generated primarily from the sale of television airtime in return for a fixed fee or a portion of the related ad sales recognized by the third party. In a typical broadcast station revenue agreement, the licensee of a station makes available, for a fee, airtime on its station to a party which supplies content to be broadcast during that airtime and collects revenue from advertising aired during such content.
Broadcast station revenue is recognized over the life of the contract, when the program is broadcast. The fees that we charge can be fixed or variable and the contracts that the Company enters into are generally short-term in nature. Variable fees are usage/salesbased and recognized as revenue when the subsequent usage occurs. Transaction prices are based on the contract terms, with no material judgments or estimates.
Disaggregation of Revenues The following table disaggregates the Broadcasting segment's revenue by type (in millions):
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Network advertising | $22.7 | $28.2
Broadcast station | 11.9 | 10.8
Network distribution | 4.9 | 4.8
Other | 2.3 | 1.6
Total revenue from contracts with customers | 41.8 | 45.4
Other revenue | - | -
Total Broadcasting segment revenue | $ 41.8 | $ 45.4


Question: What does the network distribution revenue consist of?
Answer: Network distribution revenue consists of payments received from cable, satellite and other multiple video program distribution systems for their retransmission of our network content.
NOTE 3 – STAFF COSTS
Employee information
The majority of the staff on vessels are not employed by TORM. Staff costs included in operating expenses relate to the 108 seafarers (2018: 112, 2017: 131).
The average number of employees is calculated as a full-time equivalent (FTE).
The Executive Director is, in the event of termination by the Company, entitled to a severance payment of up to 12 months' salary.
Table:
USDm | 2019 | 2018 | 2017
Total staff costs |  |  | 
Staff costs included in operating expenses | 8.1 | 9.3 | 9.2
Staff costs included in administrative expenses | 37.7 | 36.9 | 34.6
Total | 45.8 | 46.2 | 43.8
Staff costs comprise the following |  |  | 
Wages and salaries | 37.2 | 38.1 | 36.4
Share-based compensation | 1.9 | 2.1 | 1.9
Pension costs | 3.5 | 3.3 | 3.1
Other social security costs | 0.9 | 0.6 | 0.3
Other staff costs | 2.3 | 2.1 | 2.1
Total | 45.8 | 46.2 | 43.8
Average number of permanent employees |  |  | 
Seafarers | 107.6 | 111.7 | 130.6
Land-based | 313.5 | 302.2 | 286.6
Total | 421.1 | 413.9 | 417.2


Question: How is the average number of employees calculated?
Answer: as a full-time equivalent (FTE)
Administrative expenses
The Group has adopted IFRS 16 ‘Leases’ in the period, which impacts Other costs and Depreciation & amortisation within Operating profit. Property and vehicle rental charges are no longer included in other costs, and depreciation now includes depreciation on leased assets. Prior period comparatives have been restated to reflect these changes as the fully retrospective approach has been used.
Operating costs continue to be well controlled, with administrative expenses increasing by 3% to £112.3m (2018 restated: £108.8m).
People costs, which comprise all staff costs including third-party contractor costs, increased by 3% in the year to £56.4m (2018: £54.8m). The increase in people costs was driven primarily by underlying salary costs which increased due to strong competition for digital talent, however this has been partially offset by a reduction in average full-time equivalent employees (‘FTEs’) (including contractors) to 804 (2018: 824). The number of FTEs was particularly impacted in the fourth quarter by the transfer of 15 staff to Dealer Auction, our joint venture with Cox Automotive UK. Share-based payments, including applicable national insurance costs of £5.9m (2018: £3.7m), have been included within people costs. The year-on-year increase in the share-based payment charge was due to leavers under the Performance Share Plan in 2018 for which a credit was recognised in the prior year, and a change in the way senior management are remunerated. The Group now settles a greater proportion of the senior management incentive scheme in shares which increases the share-based payment charge with an offset realised within cash bonuses.
Marketing spend increased in line with revenue by 8% to £17.6m (2018: £16.3m), as we look to maintain and enhance our audience position and educate consumers on new products such as new car offerings and search by monthly payment.
Other costs, which include data services, property related costs and other overheads, remain well controlled and increased by 2% on a like-for-like basis to £29.4m (2018 restated: £28.7m).
Depreciation & amortisation remained broadly flat at £8.9m (2018 restated: £9.0m). Within this was depreciation of £2.0m in relation to lease assets (2018 restated: £1.9m).
1    2018 has been restated for the impact of IFRS 16.
Table:
 | 2019 | 2018 | 
Costs | £m | £m | Change
People costs | 56.4 | 54.8 | 3%
Marketing | 17.6 | 16.3 | 8%
Other costs | 29.4 | 28.7 | 2%
Depreciation and amortisation | 8.9 | 9.0 | (1%)
Total administrative expenses | 112.3 | 108.8 | 3%


Question: What are the total administrative expenses in 2019?
Answer: £112.3m
Operating profit
Notes
1. Before exceptional items, acquisition related costs, acquired intangible asset amortisation and share-based payment amounting to $4.3 million in total (2018 $19.6 million).
2. Adjusted operating profit as a percentage of revenue in the period.
Adjusted operating profit increased by $15.8 million or 20.5 per cent to $92.9 million in 2019, compared with $77.1 million in 2018. Adjusted operating margin increased by 2.2 per cent to 18.4 per cent, from 16.2 per cent in 2018.
Reported operating profit was up by $31.1 million or 54.1 per cent to $88.6 million (2018 $57.5 million). Total adjusting items were lower in 2019 at $4.3 million, compared to $19.6 million in 2018, mainly due to exceptional items totalling $13.1 million charged last year (see below).
Table:
$ million | 2019 | Adjusted operating margin 1, 2 % | 2018 | Adjusted operating margin 1, 2 %
Networks & Security | 73.9 | 23.1 | 56.4 | 19.8
Lifecycle Service Assurance | 18.1 | 16.3 | 17.4 | 15.4
Connected Devices | 9.5 | 13.1 | 10.5 | 13.3
Corporate | (8.6) |  | (7.2) | 
Adjusted operating profit1 | 92.9 | 18.4 | 77.1 | 16.2
Exceptional items | 0.5 |  | (13.1) | 
Acquisition related costs | (0.1) |  | – | 
Acquired intangible asset amortisation | (1.2) |  | (3.7) | 
Share-based payment | (3.5) |  | (2.8) | 
Reported operating profit | 88.6 |  | 57.5 | 


Question: In which year was the adjusted operating margin for Lifecycle Service Assurance larger?
Answer: 2019
Calculation: 16.3%>15.4%
Note 4 – Property, Plant and Equipment, net
Property, plant and equipment consisted of the following:
Table:
 |  | December 31,
 | 2019 | 2018
Land | $ 1,565 | $ 1,747
Buildings and improvements | 17,332 | 17,520
Machinery and equipment | 30,670 | 29,692
Vehicles | 778 | 937
Office equipment | 851 | 838
Construction in process | 362 | 546
 | 51,558 | 51,280
Less accumulated depreciation | (29,284 ) | (26,707 )
Total property, plant and equipment, net | $ 22,274 | $ 24,573


Question: What is the value of vehicles in 2018 and 2019 respectively?
Answer: 937, 778
Remaining performance obligations
Remaining performance obligations represent contracted revenue that has not been recognized, which include contract liabilities and amounts that will be billed and recognized as revenue in future periods. As of March 29, 2019, we had $2,608 million of remaining performance obligations, which does not include customer deposit liabilities of approximately $505 million, and the approximate percentages expected to be recognized as revenue in the future are as follows:
Percentages may not add to 100% due to rounding.
Table:
 |  | Percent Expected to be Recognized as Revenue |  |  | 
(in millions, except percentages) | Total Remaining Performance Obligations | 0-12 Months | 13-24 Months | 25-36 Months | Over 36 Months
Enterprise Security | $2,059 | 65% | 24% | 10% | 2%
Consumer Cyber Safety | 549 | 95% | 4% | 1% | -%
Total | $2,608 | 71% | 19% | 8% | 1%


Question: What is the Total Remaining Performance Obligations for Enterprise Security?
Answer: 2,059
Other Operating (Income) Expense, Net
Restructure and asset impairments primarily relate to our continued emphasis to centralize certain key functions. In addition, in 2019, we finalized the sale of our 200mm fabrication facility in Singapore and recognized restructure gains of $128 million. In 2017, we recognized net restructure gains of $15 million related to the sale of our Lexar assets; our assets associated with our 200mm fabrication facility in Singapore; and our 40% ownership interest in Tera Probe, Inc and assembly and test facility located in Akita, Japan.
Table:
For the year ended | 2019 | 2018 | 2017
(Gain) loss on disposition of property, plant, and equipment | $43 | $(96) | $(22)
Restructure and asset impairments | (29) | 28 | 18
Other | 35 | 11 | 5
 | $49 | $(57) | $1


Question: What is the ratio of other operating expenses in 2019 to 2017?
Answer: 7
Calculation: 35/5
Below is the summary of the FY17 PRUs vested and earned by each NEO.
(1) The Compensation Committee did not exercise its discretion to reduce any payouts.
Table:
NEO | Total FY17 PRUs Vested at end of FY18 | Total FY17 PRUs Vested at end of FY19 | Total FY17 PRUs Earned and Vested (1)
Gregory S. Clark | 2,404,175 | 175,023 | 2,579,198
Nicholas R. Noviello | 606,935 | 44,184 | 651,119
Amy L. Cappellanti-Wolf | 207,142 | 15,080 | 222,222
Samir Kapuria | 148,322 | 10,798 | 159,120
Scott C. Taylor | 414,287 | 30,160 | 444,447


Question: What is the average Total FY17 PRUs Earned and Vested for all NEOs?
Answer: 811221.2
Calculation: (2,579,198+651,119+222,222+159,120+444,447)/5
item 2 : properties information concerning applied 2019s properties is set forth below: .

Table:
( square feet in thousands ) | united states | other countries | total
owned | 4530 | 2417 | 6947
leased | 1037 | 1341 | 2378
total | 5567 | 3758 | 9325
because of the interrelation of applied 2019s operations , properties within a country may be shared by the segments operating within that country .
the company 2019s headquarters offices are in santa clara , california .
products in semiconductor systems are manufactured in santa clara , california ; austin , texas ; gloucester , massachusetts ; kalispell , montana ; rehovot , israel ; and singapore .
remanufactured equipment products in the applied global services segment are produced primarily in austin , texas .
products in the display and adjacent markets segment are manufactured in alzenau , germany and tainan , taiwan .
other products are manufactured in treviso , italy .
applied also owns and leases offices , plants and warehouse locations in many locations throughout the world , including in europe , japan , north america ( principally the united states ) , israel , china , india , korea , southeast asia and taiwan .
these facilities are principally used for manufacturing ; research , development and engineering ; and marketing , sales and customer support .
applied also owns a total of approximately 269 acres of buildable land in montana , texas , california , israel and italy that could accommodate additional building space .
applied considers the properties that it owns or leases as adequate to meet its current and future requirements .
applied regularly assesses the size , capability and location of its global infrastructure and periodically makes adjustments based on these assessments. .

Question: what percentage of buildings are owned in the united states by the company?
Answer: 81.4%
Calculation: divide(4530, 5567)
V. INDEBTEDNESS
Indebtedness of the Company including interest outstanding/accrued but not due for payment
Notes:
1. Secured loans excluding deposits of `39 crore as at March 31, 2019, represents obligations under finance lease including current portion of obligations.
2. Opening balance as at April 1, 2018, of unsecured loans represent bank overdraft of `181 crore.
3. Deposits represent amounts received from lessee for the premises given on sub-lease and from vendors for contracts to be executed.
Table:
 | Secured loans excluding deposits | Unsecured loans | Deposits | Total Indebtedness
 | Note 1 | Note 2 | Note 3 | 
Indebtedness at the beginning of the financial year |  |  |  | 
i) Principal Amount | 44 | 181 | 3 | 228
ii) Interest due but not paid | - | - | - | -
iii) Interest accrued but not due | - | - | - | -
Total (i+ii+iii) | 44 | 181 | 3 | 228
Change in Indebtedness during the financial year |  |  |  | 
• Addition | - | - | 1 | 1
• Reduction | (5) | (181) | - | (186)
Net change | (5) | (181) | 1 | (185)
Indebtedness  at the end  of the financial year |  |  |  | 
i) Principal amount | 39 | - | 4 | 43
ii) Interest due but not paid | - | - | - | -
iii) Interest accrued but not due | - | - | - | -
Total (i+ii+iii) | 39 | - | 4 | 43


Question: At the beginning of the financial year, what percentage of total indebtedness is made up of deposits?
Answer: 1.32
Calculation: 3/228
Other Income/Expense
The following table details our other income/expenses for the years ended September 30, 2019 and 2018:
The decrease to other income (expenses) for the fiscal year ended September 30, 2019 as compared to the fiscal year ended September 30, 2018 was primarily driven by a decrease in Other income, net of $0.3 mil.
Table:
 | For the year ended |  | 
 | September 30, 2019 | September 30, 2018 | Increase (Decrease)
 | (Amounts in thousands) |  | 
Interest expense | $(99) | $(85) | $(14)
Interest income | 323 | 20 | 303
Foreign exchange gain (loss) | 157 | 263 | (106)
Other income, net | 3 | 297 | (294)
Total other income (expense), net | $384 | $495 | $(111)


Question: What percentage of the company's 2019 total other income is the foreign exchange gain?
Answer: 40.89
Calculation: 157/384 * 1
15. Revenue from Contracts with Customers
Impact of Adopting Topic 606
The Company adopted Topic 606 at the beginning of fiscal 2019 using the modified retrospective method. The new standard resulted in a change to the timing of revenue recognition for a significant portion of the Company's revenue, whereby revenue is recognized over time, as products are produced, as opposed to at a point in time based upon shipping terms. As a result of the adoption of Topic 606, the following adjustments were made to the opening balances of the Company's Consolidated Balance Sheets (in thousands):
The cumulative effect of applying the new guidance in Topic 606 resulted in the Company increasing its fiscal 2019 opening Retained earnings balance by$ 7.8 million due to certain customer contracts requiring revenue recognition over time. Contract assets in the amount of$ 76.4 million were recognized due to the recognition of revenue on an over time basis for some customers rather than at a specific point in time. Inventory declined $69.0 million primarily due to earlier recognition of costs related to the contracts for which revenue was recognized on an over time basis. The decline in other accrued liabilities is primarily due to the reclassification of deferred revenue to contract assets for prepayments associated with revenue recognized over time, partially offset by an increase in taxes payable associated with the increase in revenue recognized over time.
Table:
 | Balance at September 29, 2018  | Impacts due to adoption of Topic
606 | Balance at September 30, 2018
ASSETS |  |  | 
   Contract assets | $— | $76,417 | $76,417
   Inventories | 794,346 | (68,959) | 725,387
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  | 
   Other accrued liabilities | $68,163 | $(357) | $67,806
   Retained earnings | 1,062,246 | 7,815 | 1,070,061


Question: How many assets and liabilities had an end balance at September 30, 2019 that exceeded $1,000,000 thousand?
Answer: 1
Calculation: Retained earnings
During the fourth and third quarters of 2019 and the fourth quarter of 2018, we recorded an income tax expense of $62 million, $28 million and $28 million, respectively, reflecting (i) in the third quarter of 2019 the estimated annual effective tax rate in each of our jurisdictions, applied to the consolidated results before taxes in the third quarter of 2019 and (ii) in both fourth quarters the actual tax charges and benefits in each jurisdiction as well as the true-up of tax provisions based upon the most updated visibility on open tax matters in several jurisdictions. and (ii) in both fourth quarters the actual tax charges and benefits in each jurisdiction as well as the true-up of tax provisions based upon the most updated visibility on open tax matters in several jurisdictions. and (ii) in both fourth quarters the actual tax charges and benefits in each jurisdiction as well as the true-up of tax provisions based upon the most updated visibility on open tax matters in several jurisdictions.
Income tax expense
Table:
 |  | Three Months Ended | 
 | December 31, 2019 | September 29, 2019 | December 31, 2018
 |  | (Unaudited, in millions) | 
Income tax expense | $(62) | $(28) | $(28)


Question: What does the income tax expense in the fourth quarter of 2018 and 2019, reflect?
Answer: in both fourth quarters the actual tax charges and benefits in each jurisdiction as well as the true-up of tax provisions based upon the most updated visibility on open tax matters in several jurisdictions.
Issuer purchases of equity securities
Common stock repurchased in the three months ended December 31, 2019:
(1) Shares withheld to cover the option exercise price and tax withholding obligations under the net settlement provisions of our stock compensation awards have been included in these amounts.
(2) See "Stock repurchase program" in Item 7 of this Annual Report for additional information.
Table:
(in thousands, except per share amounts) | Total Number of Shares Purchased (1) (2) | Average Price Paid per Share (1) (2) | Total Number of Shares Purchased as Part of Publicly Announced Share Repurchase Program (2) | Approximate Dollar Value of Shares That May Yet Be Purchased at Period End Under Publicly Announced Share Repurchased Programs (2)
October 1, 2019 - October 31, 2019 | 24 | $71.89 | 12 | $45,484
November 1, 2019 - November 30, 2019 | 108 | $75.63 | - | $45,484
December 1, 2019 - December 31, 2019 | 144 | $76.64 | - | $45,484
Total | 276 | $75.83 |  | 


Question: What is the total number of shares purchased in the three months ended December 31, 2019?
Answer: 276