hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Combined Incentive Plan Information
RSU share activity under the 2004 Plan is set forth below:
The total intrinsic value of RSUs which vested during the years ended March 31, 2019, 2018 and 2017 was $229.3 million, $146.0 million and $166.1 million, respectively. The aggregate intrinsic value of RSUs outstanding at March 31, 2019 was $522.0 million, calculated based on the closing price of the Company's common stock of $82.96 per share on March 29, 2019. At March 31, 2019, the weighted average remaining expense recognition period was 1.91 years.
Table:
 | Number of Shares | Weighted Average Grant Date Fair Value
Nonvested shares at March 31, 2016 | 6,307,742 | $36.76
Granted | 1,635,655 | 51.46
Assumed upon acquisition | 2,059,524 | 46.57
Forfeited | (722,212) | 43.58
Vested | (2,861,253) | 38.60
Nonvested shares at March 31, 2017 | 6,419,456 | 42.06
Granted | 1,267,536 | 77.26
Forfeited | (279,051) | 49.65
Vested | (1,735,501) | 38.00
Nonvested shares at March 31, 2018 | 5,672,440 | 50.79
Granted | 1,951,408 | 77.83
Assumed upon acquisition | 1,805,680 | 91.70
Forfeited | (408,242) | 73.36
Vested | (2,729,324) | 61.51
Nonvested shares at March 31, 2019 | 6,291,962 | $64.81


Question: What was the total intrinsic value of RSUs which vested during 2019?
Answer: 229.3
NET INCOME (LOSS) PER COMMON SHARE
Basic net income (loss) per common share is based upon the weighted-average number of common shares outstanding. Diluted net income (loss) per common share is based on the weighted-average number of common shares outstanding and potentially dilutive common shares outstanding and computed as follows:
* For the twelve months ended December 31, 2018, the diluted earnings per common share included the weighted average effect of 215,196 unvested Restricted Stock Units and 716,661 stock options that are potentially dilutive to earnings per share since the exercise price of such securities was less than the average market price during the period. For the twelve months ended December 31, 2017, the diluted earnings per common share included 438,712 unvested Restricted Stock Units and the weighted average effect of 477,048 stock options that are potentially dilutive to earnings per share since the exercise price of such securities was less than the average market price during the period.
Table:
 |  | Years Ended | 
 |  | December 31, | 
 | 2019 | 2018 | 2017
 |  | (In thousands, except share and per share data) | 
Numerator: |  |  | 
Net income (loss) attributable to common stockholders | $(16,490) | $19,813 | $17,929
Denominator: |  |  | 
Weighted-average common shares, basic | 27,618,284 | 27,484,655 | 25,353,966
Weighted-average common shares, diluted* | 27,618,284 | 28,416,512 | 26,269,727
Net income (loss) per common share: |  |  | 
Basic: | $(0.60) | $0.72 | $0.71
Diluted: | $(0.60) | $0.70 | $0.68


Question: What is the respective number of unvested Restricted Stock Units and stock options included in the diluted earnings per common share for the twelve months ended December 31, 2018?
Answer: 215,196, 716,661
Adoption of ASC 606
On January 1, 2018, the Company adopted ASC 606, Revenue from Contracts with Customers, applying the modified retrospective method to all contracts not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported under the accounting standards in effect for the prior period.
The impact of adopting the standard primarily related to a change in the timing of revenue recognition for voyage charter contracts. In the past, the Company recognized revenue from voyage charters ratably over the estimated length of each voyage, calculated on a discharge-to-discharge basis.
Under the new standard, the Company recognizes revenue from voyage charters ratably over the estimated length of each voyage, calculated on a load-to-discharge basis. In addition, the adoption of ASC 606 resulted in a corresponding change in the timing of recognition of voyage expenses for voyage charter contracts.
The cumulative effect of the changes made to the Company's consolidated January 1, 2018 balance sheet for the adoption of ASC 606 was as follows:
For the year ended December 31, 2018, revenues increased by $1,418, net income increased by $1,101 and basic and diluted net income per share increased by $0.01 as a result of applying ASC 606.
Table:
 | Balance at December 31, 2017 | Adjustments Due to ASC 606 | Balance at January 1, 2018
Assets |  |  | 
Voyage receivables | $24,209 | $1,336 | $25,545
Liabilities |  |  | 
Deferred income taxes | 83,671 | (108) | 83,563
Equity |  |  | 
Accumulated deficit | (265,758) | (1,228) | (266,986)


Question: What is the change in Assets: Voyage receivables from Balance at December 31, 2017 to January 1, 2018?
Answer: 1336
Calculation: 25,545-24,209
We operate in the following two reportable segments, which are the same as our operating segments:
• Enterprise Security. Our Enterprise Security segment focuses on providing our Integrated Cyber Defense solutions to help business and government customers unify cloud and on-premises security to deliver a more effective cyber defense solution, while driving down cost and complexity. • Consumer Cyber Safety. Our Consumer Cyber Safety segment focuses on providing cyber safety solutions under our Norton LifeLock brand to help consumers protect their devices, online privacy, identities, and home networks.
Operating segments are based upon the nature of our business and how our business is managed. Our Chief Operating Decision Makers, comprised of our Chief Executive Officer and Chief Financial Officer, use our operating segment financial information to evaluate segment performance and to allocate resources.
There were no inter-segment sales for the periods presented. The following table summarizes the operating results of our reportable segments:
Note 15. Segment and Geographic Information
Table:
 |  | Year Ended | 
(In millions) | March 29, 2019 | March 30, 2018 | March 31, 2017
Total segments: |  |  | 
Net revenues | $4,731 | $4,834 | $4,019
Operating income | $1,414 | $1,584 | $1,026
Enterprise Security: |  |  | 
Net revenues | $2,323 | $2,554 | $2,355
Operating income | $269 | $473 | $187
Consumer Cyber Safety: |  |  | 
Net revenues | $2,408 | $2,280 | $1,664
Operating income | $1,145 | $1,111 | $839


Question: What is the total segments operating income for Year ended  March 29, 2019?
Answer: $1,414
Short-term borrowings and current portion of long-term obligations consist of the following (in thousands):
(1) Net of debt issuance costs of $4.6 million and $4.7 million at September 28, 2019 and September 29, 2018, respectively.
Table:
 | Fiscal year-end | 
 | 2019 | 2018
Current portion of Euro Term Loan(1) | $2,748 | $3,092
1.3% Term loan due 2024 | 1,367 | 1,448
1.0% State of Connecticut term loan due 2023 | 378 | 374
Capital lease obligations | 370 | 158
Line of credit borrowings | 10,000 | —
Total current portion of long-term obligations | $14,863 | $5,072


Question: In which years was the Total current portion of long-term obligations calculated?
Answer: 2019, 2018
Stock-Based Compensation Award Activity
The following table summarizes the shares available for grant under the 2019 Plan and 2009 Plan (in thousands):
Table:
 | Shares Available for Grant | 
 | 2019 Plan | 2009 Plan
Balance at December 30, 2018 | — | 483
Authorized | 357 | —
Options granted | — | —
Options forfeited or expired | 26 | 2
RSUs granted | (113) | (240)
RSUs forfeited | 2 | 54
Plan Shares expired | — | (299)
Balance at December 29, 2019 | 272 | —


Question: What is the percentage change in the number of RSUs forfeited between the 2019 and 2009 plans?
Answer: -96.3
Calculation: (2 - 54)/54
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 change in the provisions for accounts receivables between 2017 and 2018?
Answer: -72
Calculation: -45-27
16. Segment, Geographic, and Significant Customer Information
We operate in one industry segment: the design, manufacturing, marketing, and technical support of high-performance storage and data management solutions. We conduct business globally, and our sales and support activities are managed on a geographic basis. Our management reviews financial information presented on a consolidated basis, accompanied by disaggregated information it receives from our internal management system about revenues by geographic region, based on the location from which the customer relationship is managed, for purposes of allocating resources and evaluating financial performance. We do not allocate costs of revenues, research and development, sales and marketing, or general and administrative expenses to our geographic regions in this internal management reporting because management does not review operations or operating results, or make planning decisions, below the consolidated entity level.
The majority of our assets, excluding cash, cash equivalents, short-term investments and accounts receivable, were attributable to our domestic operations. The following table presents cash, cash equivalents and short-term investments held in the U.S. and internationally in various foreign subsidiaries (in millions):
Table:
 | April 26, 2019 | April 27, 2018
U.S. | $ 159 | $ 853
International | 3,740 | 4,538
Total | $ 3,899 | $ 5,391


Question: What were the assets from U.S. in 2019?
Answer: 159
Share-based payments
Disclosures of the share-based payments offered to employees are set out below. More detail on each scheme is given in the Annual Report on Remuneration 2019 on pages 102 to 132. The charge to the Income Statement in respect of share-based payments is made up as follows:
Table:
 | 2019 | 2018
 | £m | £m
Performance Share Plan | 5.1 | 4.7
Employee Share Ownership Plan | 1.1 | 1.0
Total expense recognised in Income Statement | 6.2 | 5.7


Question: What is the total expense recognised in Income Statement in 2019?
Answer: 6.2
Comparison of Fiscal Year Ended September 27, 2019 to Fiscal Year Ended September 28, 2018
Revenue. In fiscal year 2019, our revenue decreased by $70.7 million, or 12.4%, to $499.7 million from $570.4 million for fiscal year 2018. Revenue from our primary markets, the percentage of change between the years and revenue by primary markets expressed as a percentage of total revenue were (in thousands, except percentages):
In fiscal year 2019, our Telecom market revenue decreased by $42.0 million, or 18.8%, compared to fiscal year 2018. The decrease was primarily due to the full year effect of our May 2018 sale of the Japan-based long-range optical subassembly business (the "LR4 Business"), lower sales of carrier-based optical semiconductor products to our Asia customer base, as well as lower sales of products targeting fiber to the home applications.
In fiscal year 2019, our Data Center market revenue decreased by $48.0 million, or 29.6%, compared to fiscal year 2018. The decrease was primarily due to lower revenue related to sales of legacy optical products and lasers, partially offset by the recognition of $7.0 million of licensing revenue during the fiscal year ended September 27, 2019.
In fiscal year 2019, our I&D market revenues increased by $19.3 million, or 10.4%, compared to fiscal year 2018. The increase was related to higher revenue from sales across the product portfolio.
Table:
 | Fiscal Years |  | 
 | 2019 | 2018 | % Change
Telecom | $180,938 | $ 222,940 | (18.8)%
Data Center | 114,132 | 162,098 | (29.6)%
Industrial & Defense | 204,638 | 185,360 | 10.4 %
Total | $499,708 | $ 570,398 | (12.4)%
Telecom | 36.2% | 39.1% | 
Data Center | 22.8% | 28.4% | 
Industrial & Defense | 41.0% | 32.5% | 
 Total | 100.0% | 100.0% | 


Question: What led to I&D market revenues to increase in fiscal year 2019?
Answer: higher revenue from sales across the product portfolio.
4.2 Equity (continued)
Share buy-back
A buy-back is the purchase by a company of its existing shares. Refer to note 4.3 for further details.
Share-based payment reserve
This reserve records the value of shares under the Long Term Incentive Plan, and historical Employee and CEO Share Option plans offered to the CEO, Executives and employees as part of their remuneration. Refer to note 5.2 for further details of these plans.
Business combination reserve
The internal group restructure performed in the 2007 financial year, which interposed the holding company, iSelect Limited, into the consolidated group was exempted by AASB 3 Business Combinations as it precludes entities or businesses under common control. The carry-over basis method of accounting was used for the restructuring of the iSelect Group. As such, the assets and liabilities were reflected at their carrying amounts. No adjustments were made to reflect fair values, or recognise any new assets or liabilities. No goodwill was recognised as a result of the combination and any difference between the consideration paid and the ‘equity’ acquired was reflected within equity as an equity reserve titled “Business Combination Reserve”.
Foreign currency translation reserve
Refer to Note 1.5 for further details.
Table:
 | CONSOLIDATED | 
 | 2019 $’000 | 2018 $’000
Reserves |  | 
Share-based payment reserve | 3,960 | 3,198
Business combination reserve | 5,571 | 5,571
Foreign currency translation reserve | (12) | (24)
 | 9,519 | 8,745


Question: What is the percentage change in the total reserves from 2018 to 2019?
Answer: 8.85
Calculation: (9,519-8,745)/8,745
4. Income Taxes
Provision for Income Taxes
Income tax expense (benefit) is summarized below (in thousands):
Table:
 |  | Fiscal Year Ended August 31, | 
 | 2019 | 2018 | 2017
Current: |  |  | 
Domestic–federal | $(23,675) | $69,080 | $2,436
Domestic–state | 1,383 | 134 | 12
Foreign | 175,993 | 178,790 | 188,872
Total current | 153,701 | 248,004 | 191,320
Deferred: |  |  | 
Domestic–federal | (8,000) | (24,342) | 253
Domestic–state | (2,202) | 93 | 30
Foreign | 17,731 | 62,105 | (62,537)
Total deferred | 7,529 | 37,856 | (62,254)
Total income tax expense | $161,230 | $285,860 | $129,066


Question: What years does the table provide information for the company's income tax expense (benefit) for?
Answer: 2019, 2018, 2017
Non-GAAP Measures
In addition to the results reported in accordance with US GAAP, we also use certain non-GAAP measures such as EBITDA and adjusted EBITDA to evaluate operating performance and to facilitate the comparison of our historical results and trends. These financial measures are not a measure of financial performance under US GAAP and should not be considered in isolation or as a substitute for net income as a measure of performance and net cash provided by operating activities as a measure of liquidity.
They are not, on their own, necessarily indicative of cash available to fund cash needs as determined in accordance with GAAP. The calculation of these non-GAAP measures may not be comparable to similarly titled measures used by other companies. Reconciliations of these non-GAAP measures to the most directly comparable financial measures presented in accordance with GAAP are provided below.
EBITDA is defined as net earnings before interest expense, income taxes, and depreciation and amortization. Adjusted EBITDA is comprised of EBITDA, adjusted for certain items as permitted or required under our credit facility as described in the reconciliations below. These measures are a common measure of operating performance in the telecommunications industry and are useful, with other data, as a means to evaluate our ability to fund our estimated uses of cash.
The following tables are a reconciliation of net income (loss) to adjusted EBITDA for the years ended December 31, 2019, 2018 and 2017:
(1) Other, net includes the equity earnings from our investments, dividend income, income attributable to noncontrolling interests in subsidiaries, acquisition and transaction related costs including integration and severance, non-cash pension and post-retirement benefits and certain other miscellaneous items. (2) Includes all cash dividends and other cash distributions received from our investments.
Table:
 |  |  | Year Ended December 31,
(In thousands, unaudited) | 2019 | 2018 | 2017
Net income (loss) | $ (19,931) | $ (50,571) | $ 65,299
Add (subtract): |  |  | 
Interest expense, net of interest income | 136,660 | 134,578 | 129,786
Income tax benefit | (3,714) | (24,127) | (124,927)
Depreciation and amortization | 381,237 | 432,668 | 291,873
EBITDA | 494,252 | 492,548 | 362,031
Adjustments to EBITDA: |  |  | 
Other, net (1) | (8,847) | 549 | 19,314
Investment distributions (2) | 35,809 | 39,078 | 29,993
Gain on extinguishment of debt | (4,510) | — | —
Non-cash, stock-based compensation | 6,836 | 5,119 | 2,766
Adjusted EBITDA | $ 523,540 | $ 537,294 | $ 414,104


Question: What is the purpose of using EBITDA and adjusted EBITDA?
Answer: to evaluate operating performance and to facilitate the comparison of our historical results and trends.
Assets and Liabilities Measured at Fair Value
The following table presents our assets and liabilities measured at fair value on a recurring or non-recurring basis (in thousands):
The carrying amount of cash equivalents approximates fair value as of each reporting date because of the short maturity of those instruments.
The Company did not have any non-financial assets or non-financial liabilities that were recognized or disclosed at fair value as of December 31, 2019 and December 31, 2018.
Table:
 | December 31, 2019 |  |  | December 31, 2018 |  | 
 | Level 1 | Level 2 | Level 3 | Level 1 | Level 2 | Level 3
Assets |  |  |  |  |  | 
Cash and cash equivalents |  |  |  |  |  | 
Money market funds | $256,915 | $ - | $ - | $254,552 | $ - | $ -
Other current assets: |  |  |  |  |  | 
Indemnification - Sale of SSL | $ - | $ - | $598 | $ - | $ - | $2,410
Liabilities |  |  |  |  |  | 
Long term liabilities |  |  |  |  |  | 
Indemnification - Globalstar do Brasil S.A. | $ - | $ - | $145 | $ - | $ - | $184


Question: What is the value of the company's net assets in 2019?
Answer: 257368
Calculation: 256,915 + 598 - 145
TREASURY SHARES
On December 31, 2019, we had 48,866,220 outstanding common shares excluding 2,431,174 treasury shares. This compared to 49,318,898 outstanding common shares and 6,978,496 treasury shares at year-end 2018. Besides the cancellation of 5 million treasury shares in July 2019, the change in the number of treasury shares in 2019 was the result of approximately 950,000 repurchased shares and approximately 498,000 treasury shares that were used as part of share based payments.
Table:
 | 2018 | 2019
As per January 1: |  | 
Issued shares | 62,297,394 | 56,297,394
Treasury shares | 6,157,241 | 6,978,496
Outstanding shares | 56,140,153 | 49,318,898
Changes during the year: |  | 
Cancellation of treasury shares | 6,000,000 | 5,000,000
Share buybacks | 7,242,734 | 950,902
Treasury shares used for share based performance programs | 421,479 | 498,224
As per December 31: |  | 
Issued shares | 56,297,394 | 51,297,394
Treasury shares | 6,978,496 | 2,431,174
Outstanding shares | 49,318,898 | 48,866,220


Question: What is the  Outstanding shares expressed as a ratio of  Issued shares for december 2019?
Answer: 0.95
Calculation:  48,866,220/51,297,394
Summarized financial information concerning our segments is shown in the tables below (in millions):
(1) Revenues for Corporate and Other represent deferred revenue purchase accounting adjustments recorded in accordance with GAAP.
(2) Operating expenses for Corporate and Other includes equity-based compensation, including certain related payroll taxes, of $51.7 million, $51.4 million and $19.2 million for the years ended December 31, 2019, 2018 and 2017, respectively.
(4) Depreciation and amortization for Corporate and Other primarily represents net incremental depreciation and amortization adjustments associated with the application of purchase accounting recorded in accordance with GAAP.
(5) Transition and integration costs primarily consists of costs associated with executive transition, transition-related costs as we transferred certain corporate functions from FNF and acquisitions.
(6) Receivables from related parties are included in Corporate and Other.
Table:
 |  |  | Year ended December 31, 2018 |  | 
 | Software Solutions | Data and Analytics | Corporate and Other |  | Total
Revenues | $962.0 | $154.5 | $(2.5) | (1) | $1,114.0
Expenses: |  |  |  |  | 
Operating expenses | 394.8 | 115.0 | 115.6 | (2) | 625.4
Transition and integration costs | — | — | 6.6 | (5) | 6.6
EBITDA | 567.2 | 39.5 | (124.7) |  | 482.0
Depreciation and amortization | 112.9 | 14.1 | 90.0 | (4) | 217.0
Operating income (loss) | 454.3 | 25.4 | (214.7) |  | 265.0
Interest expense, net |  |  |  |  | (51.7)
Other expense, net |  |  |  |  | (7.1)
Earnings before income taxes |  |  |  |  | 206.2
Income tax expense |  |  |  |  | 37.7
Net earnings |  |  |  |  | $168.5
Balance sheet data: |  |  |  |  | 
Total assets | $3,227.8 | $310.2 | $115.4 | (6) | $3,653.4
Goodwill | $2,157.6 | $172.1 | $— |  | $2,329.7


Question: What was the difference in the EBITDA between Software Solutions and Data and Analytics?
Answer: 527.7
Calculation: 567.2-39.5
Cash flows
The following table summarizes our cash flow activities in fiscal 2019 compared to fiscal 2018.
Our cash flow activities in fiscal 2018 compared to fiscal 2017 were discussed under Liquidity, Capital Resources and Cash Requirement in Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations included in our Annual Report on Form 10-K for the fiscal year ended March 30, 2018.
Table:
 | Fiscal Year | 
(In millions) | 2019 | 2018
Net cash provided by (used in): |  | 
Operating activities | $1,495 | $957
Investing activities | $(241) | $(21)
Financing activities | $(1,209) | $(3,475)
Increase (decrease) in cash and cash equivalents | $17 | $(2,473)


Question: What is the average Net cash provided by for operating activities for fiscal 2019 and 2018?
Answer: 1226
Calculation: (1,495+957)/2