hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Cubic Global Defense
Sales: CGD sales decreased 10% to $325.2 million in 2018 compared to $360.2 million in 2017. The year-over-year comparative sales and operating income were significantly impacted by an $8.0 million gain recognized on an equitable contract adjustment in fiscal 2017 for our littoral combat ship virtual training contract with the U.S. Navy. Sales were lower in fiscal 2018 on virtual training sales, air combat training system sales, and ground combat training system sales, while sales of international training support services increased between fiscal 2017 and 2018. The average exchange rates between the prevailing currency in our foreign operations and the U.S. dollar had no significant impact on CGD sales between 2017 and 2018.
Amortization of Purchased Intangibles: Amortization of purchased intangibles included in the CGD results amounted to $1.1 million in 2018 and $0.9 million in 2017.
Operating Income: CGD had operating income of $16.6 million in 2018 compared to $28.1 million in 2017. The decrease in operating income was primarily caused by the gain of $8.0 million recognized in fiscal 2017 due to the approval of a contract adjustment with the U.S. Navy described above. In fiscal 2018 an arbitrator awarded $1.7 million to a former reseller of our air combat training systems in the Far East, which was recorded as SG&A expense by CGD in 2018. In addition, CGD’s R&D expenditures increased approximately $1.8 million year-over-year. The increase in R&D expenditures is indicative of the acceleration of our development of next generation live, virtual, constructive, and game-based training systems. These decreases in operating income in fiscal 2018 were partially offset by increased operating income from ground combat training systems, which was higher primarily due to improvements in expected total costs for the development of two ground combat training system contracts in the Far East. The average exchange rates between the prevailing currency in our foreign operations and the U.S. dollar had no significant impact on CGD operating income between 2017 and 2018.
Adjusted EBITDA: CGD Adjusted EBITDA was $26.3 million in 2018 compared to $39.4 million in 2017. The decrease in Adjusted EBITDA was primarily driven by the same factors that drove the decrease in operating income described above excluding the increase in amortization which is excluded from Adjusted EBITDA.
Table:
 | Fiscal 2018 | Fiscal 2017 | % Change
 |  | (in millions) | 
Sales | $  325.2 | $  360.2 | (10)%
Operating income | 16.6 | 28.1 | (41)
Adjusted EBITDA | 26.3 | 39.4 | (33)


Question: In which year is the amortization of purchased intangibles included in the CGD results larger?
Answer: 2018
Calculation: 1.1>0.9
Issuer Purchases of Equity Securities
The following shares of the Company were repurchased during the quarter ended June 30, 2019:
(1) 250,000 shares were purchased through a publicly announced repurchase plan. There were no shares surrendered to the Company to satisfy tax withholding obligations in connection with employee restricted stock awards.
(2) Total stock repurchase authorizations approved by the Company’s Board of Directors as of February 17, 2015 were for 30.0 million shares. These authorizations have no specific dollar or share price targets and no expiration dates.
Table:
 | Total Number of Shares Purchased (1) | Average Price of Share | Total Number of Shares Purchased as Part of Publicly Announced Plans (1) | Maximum Number of Shares that May Yet Be Purchased Under the Plans (2)
April 1 - April 30, 2019 | — | $— | — | 3,732,713
May 1 - May 31, 2019 | 250,000 | $134.35 | 250,000 | 3,482,713
June 1 - June 30, 2019 | — | $— | — | 3,482,713
Total | 250,000 | $134.35 | 250,000 | 3,482,713


Question: What was the cost of the shares purchased from May 1 - May 31, 2019?
Answer: 33587500
Calculation: 250,000*$134.35
15. QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
During the quarter ended December 31, 2019, we purchased a group annuity contract to transfer the pension benefit obligations and annuity administration for a select group of retirees or their beneficiaries to an annuity provider. As a result of the transfer of the pension liability to the annuity provider and other lump sum payments to participants of the Pension Plans, we recognized a non-cash pension settlement charge of $6.7 million during the quarter ended December 31, 2019.
In 2019, we recognized a gain on extinguishment of debt from the partial repurchase of our Senior Notes of $0.3 million, $1.1 million and $3.1 million during the quarters ended June 30, 2019, September 30, 2019, and December 31, 2019, respectively.
As part of our integration efforts of FairPoint and continued cost saving initiatives, we incurred severance costs of $8.7 million during the quarter ended December 31, 2019.
Table:
 |  | Quarter Ended |  | 
2019 | March 31, | June 30, | September 30, | December 31,
 |  | (In thousands, except per share amounts) |  | 
Net revenues | $338,649 | $333,532 | $333,326 | $331,035
Operating income | $16,720 | $14,300 | $23,542 | $26,719
Net income (loss) attributable to common stockholders | $(7,265) | $(7,387) | $257 | $(5,988)
Basic and diluted earnings (loss) per share | $(0.11) | $(0.10) | $— | $(0.08)


Question: What was the gain on extinguishment of debt recognized in June 2019?
Answer: $0.3 million
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)
9. Trade and Other Receivables
Trade and other receivables consist of the following:
Trade and other receivables are amounts due from third parties for services performed in the ordinary course of business. They are generally due for settlement immediately and therefore are all classified as current. Trade and other receivables are recognized initially at the amount of consideration that is unconditional unless they contain certain significant financing components, at which point they are recognized at fair value. The Group holds the trade receivables with the objective to collect the contractual cash flows and therefore measures them subsequently at amortized cost using the effective interest rate method.
Accrued income represents net revenues receivable from charterers, which have not yet been invoiced; all other amounts not yet invoiced are included under Other receivables.
As of December 31, 2018 and 2019 no allowance for expected credit losses was recorded.
Table:
 | As of December 31, | 
 | 2018 | 2019
Trade receivables | 808 | 9,463
VAT receivable | 1,094 | 637
Accrued income | 9,473 | 8,274
Insurance claims | 1,282 | 1,400
Other receivables | 7,587 | 5,126
Total | 20,244 | 24,900


Question: What does accrued income represent?
Answer: Accrued income represents net revenues receivable from charterers, which have not yet been invoiced
Contractual Obligations and Commercial Commitments
The following table summarizes our non-cancelable contractual obligations and commercial commitments as of the end of 2019 and the effect such obligations and commitments are expected to have on our liquidity and cash flows in future fiscal periods (in thousands):
(1) Certain of our wafer manufacturers require us to forecast wafer starts several months in advance. We are committed to take delivery of and pay for a portion of forecasted wafer volume.
(2) Other commercial commitments are included as liabilities on our consolidated balance sheets as of the end of 2019.
(3) Does not include unrecognized tax benefits of $2.1 million as of the end of 2019. See Note 10 of the Consolidated Financial Statements.
Table:
 |  |  |  | Payments Due by Period | 
 | Total | Less than 1 year | 1-3 Years | 4-5 Years | More than 5 Years
Contractual cash obligations: |  |  |  |  | 
Operating leases | $2,040 | $611 | $902 | $527 | $—
Finance software lease obligations | 514 | 214 | 300 | — | —
Wafer purchases (1) | 57 | 57 | — | — | —
Other purchase commitments | 413 | 386 | 27 | — | —
Total contractual cash obligations | 3,024 | 1,268 | 1,229 | 527 | —
Other commercial commitments (2): |  |  |  |  | 
Revolving line of credit | 15,000 | 15,000 | — | — | —
Total commercial commitments | 15,000 | 15,000 | — | — | —
Total contractual obligations and commercial commitments (3) | $18,024 | $16,268 | $1,229 | $527 | —


Question: What are the respective values of operating leases due in less than 1 year and between 1 to 3 years?
Answer: $611, $902
9. Debt
Silicon Valley Bank Facility
We maintained a Loan and Security Agreement with SVB (the "Credit Facility") under which we had a term loan with an original borrowing amount of $6.0 million (the “Original Term Loan”). The Original Term Loan carried a floating annual interest rate equal to SVB’s prime rate then in effect plus 2%. The Original Term Loan matured and was repaid in May 2019.
On October 10, 2019, we entered into an Amended and Restated Loan and Security Agreement (the “Loan Agreement”) with SVB, which amended and restated in its entirety our previous Credit Facility. Under the Loan Agreement, SVB agreed to make advances available up to $10.0 million (the “Revolving Line”). If we borrow from the Revolving Line, such borrowing would carry a floating annual interest rate equal to the greater of (i) the Prime Rate (as defined in the Loan Agreement) then in effect plus 1% or (ii) 6%. Amounts borrowed under the Revolving Line may be repaid and, prior to the Revolving Line Maturity Date (defined below), reborrowed. The Revolving Line terminates on October 10, 2020 (the “Revolving Line Maturity Date”), unless earlier terminated by us. No amounts have been borrowed under this Loan Agreement.
Amounts due under the Loan Agreement are secured by our assets, including all personal property, inventory and bank accounts; however, intellectual property is not secured under the Loan Agreement. The inventory used to secure the amount due does not include demo or loaner equipment with an aggregate book value up to $1.0 million. The Loan Agreement requires us to observe a number of financial and operational covenants, including maintenance of a specified Liquidity Coverage Ratio (as defined in the Loan Agreement), protection and registration of intellectual property rights and customary negative covenants. If any event of default occurs SVB may declare due immediately all borrowings under the Credit Facility and foreclose on the collateral. Furthermore, an event of default under the Credit Facility would result in an increase in the interest rate on any amounts outstanding. As of December 31, 2019, there were no events of default on the Credit Facility.
Interest expense, net for the years ended December 31, 2019 and 2018 consisted of the following:
Table:
 | Years ended December 31, | 
 | 2019 | 2018
Interest expense on Term Loans | $8,073 | $101,087
Amortization of debt issuance costs | 5,685 | 16,308
Other interest expense  | 2,120 | 6,949
Total interest expense, net | $15,878 | $124,344


Question: In which year was Interest expense on Term Loans greater than 100,000?
Answer: 2018
Calculation: locate and analyze Interest expense on Term Loans in row 3
Indebtedness
The following table presents selected financial information on our indebtedness (in thousands):
As of December 27, 2019, we have various floating- and fixed-rate debt instruments with varying maturities for an aggregate principal amount of $392.1 million. See Note 9 “Debt Obligations” to our consolidated financial statements for a full description of our debt instruments.
On November 22, 2019, we issued $150.0 million aggregate principal amount of 1.875% Convertible Senior Notes (the “Senior Notes”). Approximately $43.2 million of the net proceeds were used to repay all outstanding borrowings then outstanding under our ABL and we intend to use the remainder for working capital and general corporate purposes, which may include future acquisitions.
On July 25, 2018, the holders of the $36.8 million principal amount of convertible subordinated notes that were issued in connection with our acquisition of Del Monte converted these notes and related accrued interest of $0.3 million into 1,246,272 shares of the Company’s common stock.
On June 29, 2018, we entered into an asset-based loan facility (“ABL”) that increased our borrowing capacity from $75.0 million to $150.0 million. Additionally, we reduced the fixed-rate portion of interest charged on our senior secured term loan (“Term Loan”) from 475 basis points to 350 basis points over Adjusted LIBOR as a result of repricings executed on December 14, 2017 and November 16, 2018.
A portion of the interest rate charged on our Term Loan is currently based on LIBOR and, at our option, a component of the interest charged on the borrowings outstanding on our ABL, if any, may bear interest rates based on LIBOR. LIBOR has been the subject of reform and is expected to phase out by the end of fiscal 2021. The consequences of the discontinuation of LIBOR cannot be entirely predicted but could impact the interest expense we incur on these debt instruments. We will negotiate alternatives to LIBOR with our lenders before LIBOR ceases to be a widely available reference rate.
Table:
 |  | Fiscal Year Ended | 
 | December 27, 2019 | December 28, 2018 | December 29, 2017
Senior secured term loan | $238,129 | $239,745 | $238,435
Total Convertible debt | $154,000 | $— | $36,750
Borrowings outstanding on asset-based loan facility | $— | $44,185 | $—
Finance leases and other financing obligations | $3,905 | $193 | $664


Question: What is the value of finance leases and other financing obligations for fiscal years 2019 and 2018 respectively?
Answer: $3,905, $193
Liquidity and Capital Resources
Our principal sources of liquidity are cash and cash equivalents, investments and accounts receivable. The following table shows net cash provided by operating activities, net cash used in investing activities, and net cash provided by (used in) financing activities for the years ended March 31, 2019, 2018 and 2017:
In November 2015, we raised net proceeds of $68.3 million in our initial public offering after deducting underwriting discounts and commissions and offering expenses paid by us. In the years ended March 31, 2019, 2018 and 2017, we incurred operating losses of $1.2 million, $7.0 million and $10.4 million, respectively. While we expect to generate an operating loss in the year ending March 31, 2020, we expect to continue to generate positive cash flows from operating activities.
In the year ending March 31, 2020, we plan to continue to invest in the development and expansion of our Mime | OS™ platform to improve on our existing solutions in order to provide more capabilities to our customers. Investments in capital expenditures in the year ended March 31, 2019 were $28.8 million of which $25.8 million related to the expansion of our grid architecture.
We expect fiscal year 2020 capital expenditures to increase significantly as we expect to incur one-time costs related to the build out and expansion of facilities in the U.K. and other locations and additional data center expansion primarily in the U.S.
As of March 31, 2019 and 2018, we had cash, cash equivalents and investments of $173.5 million and $137.2 million, respectively. Based on our current operating plan, we believe that our current cash and cash equivalents, investments and operating cash flows will be sufficient to fund our operations for at least the next twelve months. Our future capital requirements may vary materially from those planned and will depend on certain factors, such as our growth and our operating results.
If we require additional capital resources to grow our business or to acquire complementary technologies and businesses in the future, we may seek to sell additional equity or raise funds through debt financing or other sources. We may also seek to invest in or acquire complement ary businesses, applications or technologies, any of which could also require us to seek additional equity or debt financing.
We cannot provide assurance that additional financing will be available at all or on terms favorable to us. We had no material commitments for capital expenditures as of March 31, 2019 or 2018.
Table:
 |  | Year ended March 31,  | 
 | 2019 | 2018 | 2017
 |  | (in thousands) | 
Net cash provided by operating activities | $66,235 | $46,412 | $32,514
Net cash used in investing activities | (121,324) | (35,019) | (84,615)
Net cash provided by (used in) financing activities | 116,985 | 13,156 | (332)


Question: What was the change in the Net cash provided by operating activities from 2018 to 2019?
Answer: 19823
Calculation: 66,235 - 46,412
ITEM 6. SELECTED FINANCIAL DATA
The following selected consolidated financial data is not necessarily indicative of results of future operations, and should be read in conjunction with Item 7, “Management's Discussion and Analysis of Financial Condition and Results of Operations,” and the consolidated financial statements and related notes thereto included in Item 8 of this Form 10-K to fully understand factors that may affect the comparability of the information presented below.
The financial data for the fiscal years ended January 31, 2019 and 2018 are derived from, and are qualified by reference to, the audited consolidated financial statements that are included in this Form 10-K. The Consolidated Statements of Operations and the Consolidated Statements of Cash Flows data for the fiscal year ended January 31, 2017 are derived from, and are qualified by reference to, the audited consolidated financial statements that are included in this Form 10-K. The Consolidated Balance Sheet data for the fiscal year ended January 31, 2017 and the remaining financial data for the fiscal years ended January 31, 2016 and 2015 are derived from audited, consolidated financial statements which are not included in this Form 10-K.
(1) Reflects the impact of the adoption of new accounting standards in fiscal year 2019 related to revenue recognition. See Part II, Item 8, Note 1, Business and Summary of Significant Accounting Policies, Accounting Standards Adopted, of our consolidated financial statements for additional information.
Table:
 |  |  | Fiscal Year Ended January 31, |  | 
 | 2019 (1) | 2018 | 2017 | 2016 | 2015
 | (In millions, except per share data) |  |  |  | 
For the fiscal year: |  |  |  |  | 
Net revenue | $2,569.8 | $2,056.6 | $2,031.0 | $2,504.1 | $2,512.2
(Loss) income from operations | (25.0) | (509.1) | (499.6) | 1.3 | 120.7
Net (loss) income | (80.8) | (566.9) | (582.1) | (330.5) | 81.8
Cash flow from operations | $377.1 | $0.9 | $169.7 | $414.0 | $708.6
Common stock data: |  |  |  |  | 
Basic net (loss) income per share | $(0.37) | $(2.58) | $(2.61) | $(1.46) | $0.36
Diluted net (loss) income per share | $(0.37) | $(2.58) | $(2.61) | $(1.46) | $0.35
At year end: |  |  |  |  | 
Total assets | $4,729.2 | $4,113.6 | $4,798.1 | $5,515.3 | $4,909.7
Long-term liabilities | 2,638.9 | 2,246.4 | 1,879.1 | 2,304.7 | 1,290.4
Stockholders’ (deficit) equity | $(210.9) | $(256.0) | $733.6 | $1,619.6 | $2,219.2


Question: What was the company's total liabilities in 2018?
Answer: 4369.6
Calculation: 4,113.6- (-256)
Contributions and Direct Benefit Payments
It is the company’s general practice to fund amounts for pensions sufficient to meet the minimum requirements set forth in applicable employee benefits laws and local tax laws. From time to time, the company contributes additional amounts as it deems appropriate.
The following table presents the contributions made to the non-U.S. DB plans, non pension postretirement benefit plans, multi-employer plans, DC plans and direct payments for 2019 and 2018. The cash contributions to the multi-employer plans represent the annual cost included in the net periodic (income)/ cost recognized in the Consolidated Income Statement. The company’s participation in multi-employer plans has no material impact on the company’s financial statements.
In 2019 and 2018, $635 million and $598 million, respectively, was contributed in U.S. Treasury securities, which is considered a non-cash transaction (includes the Active Medical Trust).
Table:
($ in millions) |  | 
For the year ended December 31: | 2019 | 2018
Non-U.S. DB plans | $  243 | $  325
Non pension postretirement benefit plans | 304 | 335
Multi-employer plans | 32 | 38
DC plans | 1,040 | 1,024
Direct benefit payments | 559 | 567
Total | $2,177 | $2,288


Question: What is the average Non pension postretirement benefit plans?
Answer: 319.5
Calculation: (304 + 335) / 2
Accrued Warranty
The following table summarizes the activity related to the Company’s product warranty liability during the following periods (in thousands):
Table:
 | Year Ended | 
 | June 30,
2019 | June 30,
2018
Balance beginning of period | $12,807 | $10,584
Warranties assumed due to acquisitions   | — | 3,682
New warranties issued | 22,919 | 10,491
Warranty expenditures | (20,947) | (11,950)
Balance end of period  | $14,779 | $12,807


Question: How many years did the Balance beginning of period exceed $10,000 thousand?
Answer: 2
Calculation: 2019##2018
OPERATING COSTS AND ADJUSTED EBITDA
Bell Wireline operating costs were essentially stable year over year, decreasing by 0.1% in 2019, compared to 2018, resulting from: • The favourable impact from the adoption of IFRS 16 in 2019 • Continued effective cost containment • Lower pension expenses reflecting reduced DB costs
These factors were partly offset by: • Higher cost of goods sold related to the growth in product sales • Increased costs from the acquisition of Axia • Greater payments to other carriers from increased sales of international wholesale long distance minutes
Bell Wireline adjusted EBITDA grew by 1.7% in 2019, compared to last year, reflecting the growth in revenues as operating expenses were relatively stable year over year. Adjusted EBITDA margin increased to 43.8% in 2019, compared to the 43.4% achieved last year, resulting from the favourable impact of the adoption of IFRS 16 in 2019 and the flow-through of the service revenue growth, offset in part by higher low-margin product sales in our total revenue base.
Table:
 | 2019 | 2018 | $ CHANGE | % CHANGE
Operating costs | (6,942) | (6,946) | 4 | 0.1%
Adjusted EBITDA | 5,414 | 5,321 | 93 | 1.7%
Adjusted EBITDA margin | 43.8% | 43.4% |  | 0.4 pts


Question: What are the favourable impact from the adoption of IFRS 16?
Answer: Continued effective cost containment, Lower pension expenses reflecting reduced DB costs