hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Other income and expenses, net consisted of the following:
The Company receives significant public funding from governmental agencies in several jurisdictions. Public funding for research and development is recognized ratably as the related costs are incurred once the agreement with the respective governmental agency has been signed and all applicable conditions have been met.
R&D funding received in the year ended December 31, 2017 from the Nano2017 program with the French government is subject to a financial return in the year 2024 and depends on the future cumulative sales of a certain product group from 2019 to 2024. As such, an accrual amounting to $47 million was recorded as of December 31, 2019 compared to $42 million as of December 31, 2018.
Phase-out costs are costs incurred during the closing stage of a Company’s manufacturing facility. They are treated in the same manner as start-up costs. Start-up costs represent costs incurred in the start-up and testing of the Company’s new manufacturing facilities, before reaching the earlier of a minimum level of production or six months after the fabrication line’s quality certification.
Exchange gains and losses, net represent the portion of exchange rate changes on transactions denominated in currencies other than an entity’s functional currency and the changes in fair value of trading derivative instruments which are not designated as hedge and which have a cash flow effect related to operating transactions, as described in Note 27.
Patent costs include legal and attorney fees and payment for claims, patent pre-litigation consultancy and legal fees. They are reported net of settlements, if any, which primarily include reimbursements of prior patent litigation costs.
In 2019, gain on sale of businesses and non-current assets was related to the sale of one of our non-strategic assets. In 2018, it was related to the sale of one of the Company’s non-strategic investments while in 2017, it
was related to the sale of assets.
Table:
 | Year ended December 31, 2019 | Year ended December 31, 2018 | Year ended December 31, 2017
Research and development funding | 132 | 52 | 65
Phase-out and start-up costs | (38) | (1) | (8)
Exchange gain (loss), net | — | 4 | 4
Patent costs | (1) | (8) | (9)
Gain on sale of businesses and non-current assets | 7 | 8 | 4
Other, net | 3 | (2) | (1)
Total | 103 | 53 | 55


Question: What are start-up costs?
Answer: Start-up costs represent costs incurred in the start-up and testing of the Company’s new manufacturing facilities, before reaching the earlier of a minimum level of production or six months after the fabrication line’s quality certification.
At the balance sheet date, the combined principal accounting assumptions were as follows:
For the smaller overseas schemes the discount rate used was 1.50% (2017/18: 1.80%) and future pension increases were 1.30% (2017/18: 1.45%).
At 30 March 2019 and 31 March 2018, the discount rate was derived based on a bond yield curve expanded to also include bonds rated AA by one credit agency (and which might for example be rated A or AAA by other agencies).
Table:
 | At 30 Mar 2019 |  | At 31 Mar 2018 | 
 | Premier schemes | RHM schemes | Premier schemes | RHM schemes
Discount rate | 2.45% | 2.45% | 2.70% | 2.70%
Inflation – RPI | 3.25% | 3.25% | 3.15% | 3.15%
Inflation – CPI | 2.15% | 2.15% | 2.05% | 2.05%
Expected salary increases | n/a | n/a | n/a | n/a
Future pension increases | 2.10% | 2.10% | 2.10% | 2.10%


Question: What is the average inflation RPI for premier schemes?
Answer: 3.2
Calculation: (3.25% + 3.15%) / 2
Accrued expenses consisted of the following (in thousands):
Contract liabilities represent amounts that are collected in advance of the satisfaction of performance obligations under the new revenue recognition standard. See Recently Adopted Accounting Standards in Note 2 and Contract Liabilities in Note 6.
Table:
 | December 31, | December 31,
 | 2019 | 2018
Accrued payroll and related taxes | $3,985 | $3,800
Accrued federal, state, and local taxes | 2,635 | 1,827
Accrued bonus | 20,206 | 10,766
Self-insurance reserves | 2,238 | —
Employee stock purchase plan contributions | 4,716 | 6,473
Accrued sales commissions | 5,397 | 6,889
Accrued partner commissions | 7,043 | 5,535
Contract liabilities | 5,197 | —
Accrued purchase price related to acquisitions | 2,763 | —
Other | 7,924 | 6,811
Total | $62,104 | $42,101


Question: What is the percentage change in total accrued expenses between 2018 and 2019?
Answer: 47.51
Calculation: (62,104 - 42,101)/42,101
Note 3: Recent Accounting Pronouncements
Recently Adopted
In May 2014, the FASB released ASU 2014-09, “Revenue from Contracts with Customers,” to supersede nearly all existing revenue recognition guidance under GAAP. The FASB issued subsequent amendments to the initial guidance in August 2015, March 2016, April 2016, May 2016 and December 2016 within ASU 2015–14, ASU 2016–08, ASU 2016–10, ASU 2016–12 and ASU 2016–20, respectively; all of which in combination with ASU 2014-09 were codified as Accounting Standard Codification Topic 606 (“ASC 606”). The core principle of the standard is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or services. The Company adopted ASC 606 on the first day of the current fiscal year, June 25, 2018, under the modified retrospective approach, applying the amendments to prospective reporting periods. Results for reporting periods beginning on or after June 25, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported in accordance with the historic accounting under ASC 605. In connection with the adoption of ASC 606, the Company’s revenue recognition policy has been amended, refer to Note 2—Summary of Significant Accounting Policies for a description of the policy.
The cumulative effect of the changes made to the Company’s Consolidated Balance Sheet as of June 25, 2018 for the adoption of ASC 606 to all contracts with customers that were not completed as of June 24, 2018 was recorded as an adjustment to retained earnings as of the adoption date as follows:
Table:
 | June 24, 2018 As Reported | Adjustments | Jun e25, 2018 As Adjusted
 |  | (in thousands) | 
Total assets | $12,479,478 | $12,955 | $12,492,433
Deferred profit | $720,086 | $(160,695) | $559,391
Total liabilities | $5,899,435 | $(126,400) | $5,773,035
Stockholder’s equity | $6,501,851 | $139,355 | $6,641,206


Question: What is the percentage change in the total assets after the adjustment?
Answer: 0.1
Calculation: (12,492,433-12,479,478)/12,479,478
Accounting for Uncertainty in Income Taxes
During fiscal 2019 and 2018, the aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows:
At September 30, 2019 and 2018, the amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate was $0.7 million and $1.8 million, respectively. During fiscal year 2020, it is reasonably possible that resolution of reviews by taxing authorities, both domestic and foreign, could be reached with respect to an immaterial amount of net unrecognized tax benefits depending on the timing of examinations or expiration of statutes of limitations, either because our tax positions are sustained or because we agree to the disallowance and pay the related income tax. We recognize interest and/or penalties related to income tax matters in income tax expense. The amount of net interest and penalties recognized as a component of income tax expense during fiscal 2019 and 2018 were not material.
We are subject to ongoing audits from various taxing authorities in the jurisdictions in which we do business. As of September 30, 2019, the fiscal years open under the statute of limitations in significant jurisdictions include 2016 through 2019 in the U.S. We believe we have adequately provided for uncertain tax issues we have not yet resolved with federal, state and foreign tax authorities. Although not more likely than not, the most adverse resolution of these issues could result in additional charges to earnings in future periods. Based upon a consideration of all relevant facts and circumstances, we do not believe the ultimate resolution of uncertain tax issues for all open tax periods will have a material adverse effect upon our financial condition or results of operations.
Cash amounts paid for income taxes, net of refunds received, were $28.7 million, $15.7 million and $1.6 million in 2019, 2018 and 2017, respectively.
Table:
 |  | September 30,
 | 2019 | 2018
 |  | (in thousands)
Balance at beginning of year | $ 9,942 | $ 13,248
Additions (reductions) for tax positions taken in prior years | 8,458 | (80)
Recognition of benefits from expiration of statutes | (776) | (1,770)
Additions for tax positions related to the current year | 951 | 713
Reductions for tax positions related to acquisitions | — | (2,169)
Balance at end of year | $18,575 | $9,942


Question: In the table of aggregate changes in the total gross amount of unrecognized tax benefits, which items concern Additions?
Answer: Additions (reductions) for tax positions taken in prior years, Additions for tax positions related to the current year
Item 6. Selected Financial Data
The following table sets forth selected consolidated financial data for each of the fiscal years ended June 30, 2019, 2018, 2017, 2016 and 2015 derived from the Company’s audited financial statements (in thousands, except per share amounts). The consolidated financial data as of and for the years ended June 30, 2015 are derived from the audited financial statements which have not been adjusted for the adoption of Accounting Standards update 2014- 09, Revenue from Contracts with Customers (Topic 606). These tables should be reviewed in conjunction with the Consolidated Financial Statements in Item 8 and related Notes, as well as Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Historical results may not be indicative of future results.
(1) Operating income (loss) include the following operating expenses (in thousands):
(2)  The significant increase in net revenues during the year ended June 30, 2018 was primarily due to the acquisitions of the Campus Fabric and Data Center Businesses.
Table:
 |  | Year Ended June 30, |  |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
Consolidated Statements of Operations Data:                     |  |  |  |  | 
Net revenues | $995,789 | $983,142 (2) | $607,084 | $519,834 | $552,940
Operating income (loss) (1) | $(14,726) | $(38,210) | $6,040 | $(30,029) | $(62,994)
Net loss | $(25,853) | $(46,792) | $(1,744) | $(36,363) | $(71,643)
Net loss per share – basic | $(0.22) | $(0.41) | $(0.02) | $(0.35) | $(0.72)
Net loss per share – diluted | $(0.22) | $(0.41) | $(0.02) | $(0.35) | $(0.72)
Shares used in per share calculation – basic | 117,954 | 114,221 | 108,273 | 103,074 | 99,000
Shares used in per share calculation – diluted | 117,954 | 114,221 | 108,273 | 103,074 | 99,000


Question: What was the net revenues in 2015?
Answer: 552,940
The valuation allowance activity for the years ended September 30, 2019, 2018, and 2017 is as follows:
The Company completed an Internal Revenue Code Section 382 analysis of the loss carry forwards in 2009 and determined then that all of the Company’s loss carry forwards are utilizable and not restricted under Section 382. The Company has not updated its Section 382 analysis subsequent to 2009 and does not believe there have been any events subsequent to 2009 that would impact the analysis.
The Company is required to recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. The Company applies the interpretation to all tax positions for which the statute of limitations remained open. The Company had no liability for unrecognized tax benefits and did not recognize any interest or penalties during the years ended September 30, 2019, 2018, or 2017.
The Company is subject to income taxes in the U.S. federal jurisdiction, and various state jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. With few exceptions, the Company is no longer subject to U.S. federal, state and local, income tax examinations by tax authorities for fiscal years ending prior to 2004. We are generally subject to U.S. federal and state tax examinations for all tax years since 2003 due to our net operating loss carryforwards and the utilization of the carryforwards in years still open under statute. During the year ended September 30, 2018, the Company was examined by the U.S. Internal Revenue Service for fiscal year 2016. This examination resulted in no adjustments. The Company changed its fiscal year end in 2007 from March 31 to September 30.
Table:
Year Ended | Balance at Beginning of Year | Income Tax Expense (Benefit) | Reversal for State NOL Expiration and Utilization | Balance at End of Year
September 30, 2019 | $104,858 | $10,448 | $(68,292) | $47,014
September 30, 2018 | 159,154 | 79,377 | (133,673) | 104,858
September 30, 2017 | 322,404 | (32,154) | (131,096) | 159,154


Question: What is the percentage change in the end-of-year valuation allowance from 2018 to 2019?
Answer: -55.16
Calculation: (47,014-104,858)/104,858
5. Trade Accounts Receivable and Contract Liabilities:
Charges related to allowances for doubtful accounts are charged to selling, general, and administrative expenses. Charges related to stock rotation, ship from stock and debit, sales returns, and sales discounts are reported as deductions from revenue. Please refer to Note 6, “Revenue Recognition,” for additional information
Table:
 | Fiscal Year Ended March 31, | 
 | 2018 | 2019
Gross Accounts Receivable - Trade | $300,016 | $273,053
Less |  | 
Allowances for doubtful accounts | 1,893 | 1,276
Stock rotation and ship from stock and debit | 15,989 | 14,140
Sales returns and discounts | 6,875 | 646
Total allowances | 24,757 | 16,062
Accounts Receivable - Trade, net | $275,259 | $256,991


Question: What is the total allowances for doubtful accounts in 2018 and 2019?
Answer: 3169
Calculation: 1,893 + 1,276
Note 15. Stock-Based Compensation
Stock-based compensation expense is included in the following line items in the consolidated statements of operations (in thousands):
Table:
 |  | Year Ended December 31, | 
Stock-based compensation expense data: | 2019 | 2018 | 2017
Sales and marketing | $2,075 | $1,196 | $561
General and administrative | 6,474 | 4,901 | 2,638
Research and development | 12,054 | 7,332 | 4,214
Total stock-based compensation expense | $20,603 | $13,429 | $7,413


Question: What was the General and administrative in 2018?
Answer: 4,901
Note 7 – Equipment, Leasehold Improvements and Software
Equipment, leasehold improvements and software as of December 27, 2019 and December 28, 2018 consisted of the following:
Construction-in-process at December 27, 2019 related primarily to the implementation of the Company’s Enterprise Resource Planning (“ERP”) system and at December 28, 2018 related primarily to the implementation of the Company’s ERP system and the buildout of the Company’s headquarters in Ridgefield, CT. The buildout of the Company’s headquarters was completed during fiscal 2019. The rollout of its ERP system will continue through fiscal 2020. The net book value of equipment financed under finance leases at December 27, 2019 and December 28, 2018 was $3,905 and $388, respectively. No interest expense was capitalized during the fiscal years ended December 27, 2019, December 28, 2018 and December 29, 2017.
Table:
 | Useful Lives | December 27, 2019  | December 28, 2018
Land | Indefinite | $1,170 | $1,170
Buildings | 20 years | 1,360 | 1,292
Machinery and equipment | 5-10 years | 21,718 | 17,837
Computers, data processing and other equipment | 3-7 years | 12,686 | 11,244
Software | 3-7 years | 29,305 | 22,779
Leasehold improvements | 1-40 years | 70,903 | 60,565
Furniture and fixtures | 7 years | 3,309 | 3,268
Vehicles | 5-7 years | 6,410 | 2,769
Other | 7 years | 95 | 95
Construction-in-process    |  | 9,200 | 15,757
 |  | 156,156 | 136,776
Less: accumulated depreciation and amortization    |  | (63,310) | (51,500)
Equipment, leasehold improvements and software, net |  | $92,846 | $85,276


Question: What is the useful lives of buildings?
Answer: 20 years
The following table summarizes the change in the valuation allowance (in thousands):
As of December 31, 2019, net operating loss (NOL) carryforwards for U.S. federal tax purposes totaled $31.4 million. Effective with the 2017 Tax Act in December 2017, NOLs generated after December 31, 2017, do not expire. Federal NOLs of $9.9 million expire at various dates from 2020 through 2037 and federal NOLs of $21.5 million do not expire. NOL carryforwards for state tax purposes totaled $40.6 million at December 31, 2019 and expire at various dates from 2020 through 2039.
Table:
Year Ended December 31 |  | 
 | 2019 | 2018
Vaulation allowances, beginning of year | $5,398 | $13,872
Net operating loss | 3,284 | 1,920
Expiration of net operating losses and limitations | (7) | (9,939)
Adjustment to deferred taxes | 29 | (321)
Impact of state tax rate change | 26 | (146)
Other adjusments | 9 | 12
Valuation allowance, end of year | $8,739 | $5,398


Question: What are the respective valuation allowances at the beginning of the year in 2018 and 2019?
Answer: $13,872, $5,398
page 92 of 98 other information required by item 10 appearing under the caption 201cdirector nominees and continuing directors 201d and 201csection 16 ( a ) beneficial ownership reporting compliance , 201d of the company 2019s proxy statement to be filed pursuant to regulation 14a within 120 days after december 31 , 2006 , is incorporated herein by reference . item 11 . executive compensation the information required by item 11 appearing under the caption 201cexecutive compensation 201d in the company 2019s proxy statement , to be filed pursuant to regulation 14a within 120 days after december 31 , 2006 , is incorporated herein by reference . additionally , the ball corporation 2000 deferred compensation company stock plan , the ball corporation deposit share program and the ball corporation directors deposit share program were created to encourage key executives and other participants to acquire a larger equity ownership interest in the company and to increase their interest in the company 2019s stock performance . non-employee directors also participate in the 2000 deferred compensation company stock plan . item 12 . security ownership of certain beneficial owners and management the information required by item 12 appearing under the caption 201cvoting securities and principal shareholders , 201d in the company 2019s proxy statement to be filed pursuant to regulation 14a within 120 days after december 31 , 2006 , is incorporated herein by reference . securities authorized for issuance under equity compensation plans are summarized below: .

Table:
plan category | equity compensation plan information number of securities to be issued upon exercise of outstanding options warrants and rights ( a ) | equity compensation plan information weighted-average exercise price of outstanding options warrants and rights ( b ) | equity compensation plan information number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )
equity compensation plans approved by security holders | 4852978 | $ 26.69 | 5941210
equity compensation plans not approved by security holders | 2013 | 2013 | 2013
total | 4852978 | $ 26.69 | 5941210
item 13 .
certain relationships and related transactions the information required by item 13 appearing under the caption 201cratification of the appointment of independent registered public accounting firm , 201d in the company 2019s proxy statement to be filed pursuant to regulation 14a within 120 days after december 31 , 2006 , is incorporated herein by reference .
item 14 .
principal accountant fees and services the information required by item 14 appearing under the caption 201ccertain committees of the board , 201d in the company 2019s proxy statement to be filed pursuant to regulation 14a within 120 days after december 31 , 2006 , is incorporated herein by reference. .

Question: in the equity plans for 2006 , are there more shares issued than remaining in the plan?
Answer: yes
Calculation: greater(5941210, 4852978)
Earnings Per Share
Calculations of net income per common share attributable to ON Semiconductor Corporation are as follows (in millions, except per share data):
Basic income per common share is computed by dividing net income attributable to ON Semiconductor Corporation by the weighted average number of common shares outstanding during the period.
To calculate the diluted weighted-average common shares outstanding, the number of incremental shares from the assumed exercise of stock options and assumed issuance of shares relating to RSUs is calculated by applying the treasury stock method. Share-based awards whose impact is considered to be anti-dilutive under the treasury stock method were excluded from the diluted net income per share calculation.
The excluded number of anti-dilutive share-based awards was approximately 0.8 million, 0.6 million and 0.2 million for the years ended December 31, 2019, 2018 and 2017, respectively.
The dilutive impact related to the Company’s 1.00% Notes and 1.625% Notes is determined in accordance with the net share settlement requirements, under which the Company’s convertible notes are assumed to be convertible into cash up to the par value, with the excess of par value being convertible into common stock.
Additionally, if the average price of the Company’s common stock exceeds $ 25.96 per share, with respect to the 1.00% Notes, or $30.70 per share, with respect to the 1.625% Notes, during the relevant reporting period, the effect of the additional potential shares that may be issued related to the warrants that were issued concurrently with the issuance of the convertible notes will also be included in the calculation of diluted weighted-average common shares outstanding.
Prior to conversion, the convertible note hedges are not considered for purposes of the earnings per share calculations, as their effect would be anti-dilutive. Upon conversion, the convertible note hedges are expected to offset the dilutive effect of the 1.00% Notes and 1.625% Notes, respectively, when the stock price is above $18.50 per share, with respect to the 1.00% Notes, and $20.72 per share, with respect to the 1.625% Notes.
Table:
 |  | Year ended December 31, | 
 | 2019 | 2018 | 2017
Net income attributable to ON Semiconductor Corporation | $211.7 | $627.4 | $810.7
Basic weighted average common shares outstanding | 410.9 | 423.8 | 421.9
Add: Incremental shares for: |  |  | 
Dilutive effect of share-based awards | 1.9 | 4.3 | 5.5
Dilutive effect of convertible notes | 3.2 | 7.8 | 0.9
Diluted weighted average common shares outstanding | 416.0 | 435.9 | 428.3
Net income per common share attributable to ON Semiconductor Corporation: |  |  | 
Basic | $0.52 | $1.48 | $1.92
Diluted | $0.51 | $1.44 | $1.89


Question: What is the average Net income attributable to ON Semiconductor Corporation for December 31, 2018 to 2019?
Answer: 419.55
Calculation: (211.7+627.4) / 2