hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
10. Tax
The tax charge for the year ended 31 December 2019 was $11.6 million (2018 $5.4 million). This was after a prior year tax charge of $0.1 million and a tax credit on the adjusting items of $0.7 million (2018 prior year credit of $1.5 million and tax credit on adjusting items of $5.2 million). Excluding the prior year and tax credit on adjusting items, the effective tax rate was 13.0 per cent (2018 15.4 per cent).
Table:
 | 2019 | 2018
 | $ million | $ million
Tax charge in the income statement |  | 
Current income tax |  | 
UK tax | 0.3 | 0.1
Foreign tax | 9.2 | 6.2
Amounts underprovided/(overprovided) in previous years | 0.3 | (1.2)
Total current income tax charge | 9.8 | 5.1
Deferred tax |  | 
Recognition of deferred tax assets | (1.5) | (0.8)
Reversal of temporary differences | 3.5 | 1.4
Adjustments in respect of prior years | (0.2) | (0.3)
Total deferred tax charge | 1.8 | 0.3
Tax charge in the income statement | 11.6 | 5.4


Question: In which year was the UK tax larger?
Answer: 2019
Calculation: 0.3>0.1
Revenues
Revenues for our reportable segments were as follows:
The increase in Semiconductor Test revenues of $60.2 million, or 4%, from 2018 to 2019 was driven primarily by an increase in semiconductor tester sales for 5G infrastructure and image sensors and higher service revenue, partially offset by a decrease in sales in the automotive and analog test segments.
The increase in Industrial Automation revenues of $36.6 million, or 14%, from 2018 to 2019 was primarily due to higher demand for collaborative robots. The MiR acquisition was completed in April 2018.
The increase in System Test revenues of $71.4 million, or 33%, from 2018 to 2019 was primarily due to higher sales in Storage Test of 3.5” hard disk drive testers, higher sales in Defense/Aerospace test instrumentation and systems, and higher sales in Production Board Test from higher 5G demand.
The increase in Wireless Test revenues of $25.3 million, or 19%, from 2018 to 2019 was primarily due to higher demand for millimeter wave and cellular test products driven by new wireless standards and 5G, partially offset by lower sales in connectivity test products and services.
Table:
 | 2019 | 2018 | 2018-2019 Dollar Change
 |  | (in millions) | 
Semiconductor Test | $1,552.6 | $1,492.4 | $60.2
Industrial Automation | 298.1 | 261.5 | 36.6
System Test | 287.5 | 216.1 | 71.4
Wireless Test | 157.3 | 132.0 | 25.3
Corporate and Other | (0.5) | (1.2) | 0.7
 | $2,295.0 | $2,100.8 | $194.2


Question: What was the average revenue from System Test in 2018 and 2019?
Answer: 251.8
Calculation: (287.5+216.1)/2
Share-based Compensation Expense
We have several share-based compensation plans covering stock options and RSUs for our employees and directors, which are described more fully in Note 11.
We measure our compensation cost related to share-based payment transactions based on fair value of the equity or liability classified instrument. For purposes of estimating the fair value of each stock option unit on the date of grant, we utilize the Black-Scholes option-pricing model. Option valuation models require the input of highly subjective assumptions including the expected volatility factor of the market price of our common stock (as determined by reviewing our historical public market closing prices). Our accounting for share-based compensation for RSUs is based on the closing market price of our common stock on the date of grant.
Our total share-based compensation expense recognized in the Company’s results of operations from non-cash and cash-portioned instruments issued to our employees and directors comprised the following (in thousands):
Table:
 |  | Year Ended December 31,
 | 2019 | 2018
Research and development expense: |  | 
Stock option awards | $8 | $38
RSU awards | 13 | 27
 | 21 | $65
General and administrative expense: |  | 
Stock option awards | 12 | 61
RSU awards | 105 | 104
 | 117 | $165
Total share-based compensation expense | 138 | $230


Question: What was the total share-based compensation in 2018?
Answer: 138
Actual STI Bonus Amounts Authorized. The actual amounts of the NEOs’ 2019 bonuses were calculated as
follows:
(1) Determined based on earned salary and applicable STI target bonus percentage during 2019 and includes pro-rations for any changes to salary and/or STI target bonus percentage described below.
a) Target Bonus Opportunity for Mr. Storey reflects his salary earned during 2019 of $1,800,011 and a STI target bonus percentage of 200%.
b) Target Bonus Opportunity for Mr. Dev reflects his salary earned during 2019 of $650,000 and a STI target bonus percentage of 120%.
c) Target Bonus Opportunity for Mr. Goff reflects his salary earned during 2019 of $600,018 and a STI target bonus percentage of 120%.
d) Target Bonus Opportunity for Mr. Trezise reflects his salary earned during 2019 with a salary increase, from $475,010 to $500,011, effective on February 23, 2019, and an increase of STI target bonus percentage from 80% to 90%, also effective on February 23, 2019.
e) Target Bonus Opportunity for Mr. Andrews reflects his salary earned during 2019 with a salary increase, from $425,006 to $525,000, effective on August 21, 2019, and a STI target bonus percentage of 100%.
(2) Calculated or determined as discussed above under “—2019 Performance Results.”
(3) Determined based on achievement of individual performance objectives as described further above in this Subsection.
Committee Discretion to Pay in Cash or Shares. The Committee may authorize the payment of annual bonuses in cash or shares of common stock. Since 2000, the Committee has paid these bonuses entirely in cash, principally to diversify our compensation mix and to conserve shares in our equity plans.
Recent Actions (February 2020). In connection with establishing targets for the 2020 STI program, the Committee increased Mr. Dev’s STI Target Bonus Percentage to 125%, in light of his position to market and performance as CFO, and made no changes to the target bonus percentage for any of our other NEOs.
Table:
 | 2019 STI Bonus Amounts |  |  |  |  |  | 
Named Officer | Target Bonus Opportunity (1) | X | Company Performance % (2) | X | Discretionary Adjustment for Individual Performance(3) | = | STI Bonus Amount
Current Executives: |  |  |  |  |  |  | 
Jeffrey K. Storey | $3,600,022 |  | 97% |  | 100% |  | $3,492,021
Indraneel Dev | 780,000 |  | 97% |  | 110% |  | 832,260
Stacey W. Goff | 720,021 |  | 97% |  | 100% |  | 698,420
Scott A. Trezise | 439,654 |  | 97% |  | 110% |  | 469,111
Shaun C. Andrews | 461,442 |  | 97% |  | 110% |  | 492,359


Question: What is Jeffrey K. Storey's salary earned during 2019?
Answer: $1,800,011
table of contents performance graph the following performance graph shows the cumulative total return to a holder of the company 2019s common stock , assuming dividend reinvestment , compared with the cumulative total return , assuming dividend reinvestment , of the standard & poor ( "s&p" ) 500 index and the dow jones us financials index during the period from december 31 , 2010 through december 31 , 2015. .

Table:
 | 12/10 | 12/11 | 12/12 | 12/13 | 12/14 | 12/15
e*trade financial corporation | 100.00 | 49.75 | 55.94 | 122.75 | 151.59 | 185.25
s&p 500 index | 100.00 | 102.11 | 118.45 | 156.82 | 178.29 | 180.75
dow jones us financials index | 100.00 | 87.16 | 110.56 | 148.39 | 170.04 | 170.19
.

Question: what was the difference in percentage cumulative total return for e*trade financial corporation and the s&p 500 index for the five years ended 12/15?
Answer: 4.5%
Calculation: subtract(185.25, const_100), divide(#0, const_100), subtract(180.75, const_100), divide(#2, const_100), subtract(#1, #3)
(18) Quarterly Financial Data (Unaudited)
During the first quarter of 2019, we recorded a non-cash, non-tax-deductible goodwill impairment charge of $6.5 billion for goodwill, see Note 4—Goodwill, Customer Relationships and Other Intangible Assets for further details.
During the fourth quarter of 2018, we recorded a non-cash, non-tax-deductible goodwill impairment charge of $2.7 billion for goodwill see Note 4—Goodwill, Customer Relationships and Other Intangible Assets for further details.
During the first quarter of 2018, we recognized $71 million of expenses related to our acquisition of Level 3 followed by acquisition-related expenses of $162 million, $43 million and $117 million in the second, third and fourth quarters of 2018, respectively. During 2019, we recognized expenses related to our acquisition of Level 3 of $34 million, $39 million, $38 million and $123 million in the first, second, third and fourth quarters of 2019, respectively.
Table:
 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total
 |  |  | (Dollars in millions, except per share amounts) |  | 
2019 |  |  |  |  | 
Operating revenue | $5,647 | 5,578 | 5,606 | 5,570 | 22,401
Operating (loss) income | (5,499) | 976 | 950 | 847 | (2,726)
Net (loss) income | (6,165) | 371 | 302 | 223 | (5,269)
Basic (loss) earnings per common share | (5.77) | 0.35 | 0.28 | 0.21 | (4.92)
Diluted (loss) earnings per common share | (5.77) | 0.35 | 0.28 | 0.21 | (4.92)
2018 |  |  |  |  | 
Operating revenue | $5,945 | 5,902 | 5,818 | 5,778 | 23,443
Operating income (loss) | 750 | 767 | 894 | (1,841) | 570
Net income (loss) | 115 | 292 | 272 | (2,412) | (1,733)
Basic earnings (loss) per common share | 0.11 | 0.27 | 0.25 | (2.26) | (1.63)
Diluted earnings (loss) per common share | 0.11 | 0.27 | 0.25 | (2.26) | (1.63)


Question: What is the average quarterly amount of expenses related to the acquisition of Level 3 recorded in 2019?
Answer: 58.5
Calculation: (34+39+38+123)/4
The following table shows for the fiscal year ended March 29, 2019, certain information regarding option exercises and stock vested during the last fiscal year with respect to our named executive officers:
Option Exercises and Stock Vested in Fiscal 2019
(1) The value realized upon option exercises is based on the difference between the closing price of our common stock at exercise and the option exercise price.
(2) The number of shares and value realized for stock awards set forth above reflect (i) RSUs that vested and settled in FY19, (ii) RSUs granted under the FY19 EAIP on 5/20/2019, which vested and settled on 6/1/2019, and (iii) PRUs that vested in FY19 and were settled in FY20.
(3) The value realized upon vesting is based on the closing price of our common stock upon vesting in the case of RSUs and the closing price of our common stock on March 29, 2019 in the case of PRUs.
Table:
Option Awards |  |  | Stock Awards | 
Name | Number of Shares Acquired on Exercise (#) | Value Realized on Exercise (1)($)$) | Number of Shares Acquired on Vesting(2) (#) | Value Realized on Vesting (3)($)$)
Gregory S. Clark | — | — | 342,338 | 7,467,791
Nicholas R. Noviello | 332,155 | 4,699,993 | 111,855 | 2,419,818
Amy L. Cappellanti-Wolf | — | — | 92,644 | 1,997,239
Samir Kapuria | — | — | 112,125 | 2,497,640
Scott C. Taylor | — | — | 103,798 | 2,216,595


Question: What is the Value realized on vesting for stock awards for Scott C. Taylor?
Answer: 2,216,595
Defined Benefit Plan
We maintain defined benefit pension plans for certain of our non-U.S. employees in the U.K., Germany, and Philippines. Each plan is managed locally and in accordance with respective local laws and regulations.
In order to measure the expense and related benefit obligation, various assumptions are made including discount rates used to value the obligation, expected return on plan assets used to fund these expenses and estimated future inflation rates. These assumptions are based on historical experience as well as facts and circumstances. An actuarial analysis is used to measure the expense and liability associated with pension benefits.
In connection with the acquisition of Artesyn in September of 2019, the Company acquired certain pension plans and, as a result, started including the related balances in its Consolidated Balance Sheets at December 31, 2019 and the expenses attributable to these plans for the period from September 10, 2019 to December 31, 2019 in its Consolidated Statement of Operations. See Note 2. Business Acquisitions for more details on this transaction.
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
The information provided below includes one pension plan which is part of discontinued operations. As such, all related liabilities and expenses are reported in discontinued operations in the Company’s Consolidated Balance Sheets and Consolidated Statements of Operations for all periods presented.
The Company’s projected benefit obligation and plan assets for defined benefit pension plans at December 31, 2019 and 2018 and the related assumptions used to determine the related liabilities are as follows:
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Projected benefit obligation, beginning of year | $  33,178 | $  34,498
Acquisition | 48,350 | 1,063
Service cost | 272 | 841
Interest cost | 1,211 | 802
Actuarial loss | (193) | (988)
Benefits paid | (1,779) | (1,113)
Translation adjustment | 2,223 | (1,925)
Projected benefit obligation, end of year | $  83,262 | $  33,178
Fair value of plan assets, beginning of year | $  13,433 | $  14,181
Acquisitions | 102 | 981
Actual return on plan assets | 380 | 675
Contributions | 644 | 828
Benefits paid | (1,176) | (1,086)
Actuarial gain | 1,064 | (1,357)
Translation adjustment | 456 | (789)
Fair value of plan assets, end of year | $  14,903 | $  13,433
Funded status of plan | $  (68,359) | $  (19,745)


Question: What was the change in service cost between 2018 and 2019?
Answer: -569
Calculation: 272-841
Note 12. Liabilities
The components of accounts payable, accrued expenses and other current liabilities are as follows (in thousands):
Table:
 | December 31, 2019 | December 31, 2018
Deferred rent | $ — | $11,656
Contingent consideration liability from acquisitions | 2,595 | —
Holdback liability from acquisitions | 1,650 | —
Other liabilities | 3,244 | 1,650
Other liabilities | $7,489 | $13,306


Question: How much was the deferred rent in 2018?
Answer: 11,656
Note 6 Segments
The Company’s segment reporting structure consists of two reportable segments and a Corporate category as follows: • Food Care; and • Product Care.
The Company’s Food Care and Product Care segments are considered reportable segments under FASB ASC Topic 280. Our reportable segments are aligned with similar groups of products. Corporate includes certain costs that are not allocated to or monitored by the reportable segments' management. The Company evaluates performance of the reportable segments based on the results of each segment. The performance metric used by the Company's chief operating decision maker to evaluate performance of our reportable segments is Adjusted EBITDA. The Company allocates expense to each segment based on various factors including direct usage of resources, allocation of headcount, allocation of software licenses or, in cases where costs are not clearly delineated, costs may be allocated on portion of either net trade sales or an expense factor such as cost of goods sold.
We allocate and disclose depreciation and amortization expense to our segments, although depreciation and amortization are not included in the segment performance metric Adjusted EBITDA. We also allocate and disclose restructuring charges and impairment of goodwill and other intangible assets by segment. However, restructuring charges and goodwill are not included in the segment performance metric Adjusted EBITDA since they are categorized as certain specified items (“Special Items”), in addition to certain transaction and other charges and gains related to acquisitions and divestitures and certain other specific items excluded from the calculation of Adjusted EBITDA. The accounting policies of the reportable segments and Corporate are the same as those applied to the Consolidated Financial Statements.
The following tables show Net Sales and Adjusted EBITDA by reportable segment:
Table:
 |  | Year Ended December 31, | 
(In millions) | 2019 | 2018 | 2017
Net Sales |  |  | 
Food Care | $ 2,880.5 | $ 2,908.1 | $ 2,815.2
As a % of Total Company net sales | 60.1% | 61.4% | 63.1%
Product Care | 1,910.6 | 1,824.6 | 1,646.4
As a % of Total Company net sales | 39.9% | 38.6% | 36.9%
Total Company Net Sales | $ 4,791.1 | $ 4,732.7 | $ 4,461.6
 |  |  | 
 |  | Year Ended December 31, | 
(In millions) | 2019 | 2018 | 2017
Adjusted EBITDA from continuing operations |  |  | 
Food Care | $ 629.3 | $ 577.8 | $ 538.1
Adjusted EBITDA Margin | 21.8% | 19.9% | 19.1%
Product Care | 349.9 | 318.6 | 292.2
Adjusted EBITDA Margin | 18.3% | 17.5% | 17.7%
Corporate | (14.4) | (6.9) | 3.0
Total Company Adjusted EBITDA from continuing operations | $ 964.8 | $ 889.5 | $ 833.3
Adjusted EBITDA Margin | 20.1% | 18.8% | 18.7%


Question: What is the percentage change of  Total Company Net Sales from year 2018 to year 2019?
Answer: 1.23
Calculation: (4,791.1-4,732.7)/4,732.7
We recorded non-cash compensation expense related to stock-based awards as follows (in thousands):
As of September 30, 2019, there was $39.7 million of unrecognized compensation expense related to unvested RSUs. Based upon the expected forfeitures and the expected vesting of performance-based RSUs, the aggregate fair value of RSUs expected to ultimately vest is $40.0 million, which is expected to be recognized over a weighted-average period of 1.7 years and includes the RSUs that vested on October 1, 2019.
We estimate forfeitures at the time of grant and revise those estimates in subsequent periods on a cumulative basis in the period the estimated forfeiture rate changes for all stock-based awards when significant events occur. We consider our historical experience with employee turnover as the basis to arrive at our estimated forfeiture rate. The forfeiture rate was estimated to be 12.5% per year as of September 30, 2019. To the extent the actual forfeiture rate is different from what we have estimated, compensation expense related to these awards will be different from our expectations.
Table:
 |  | Years Ended September 30, | 
 | 2019 | 2018 | 2017
Cost of sales | $  1,766 | $  1,096 | $  338
Selling, general and administrative | 13,722 | 6,419 | 4,674
 | $15,488 | $7,515 | $5,012


Question: What is total non-cash compensation expense related to stock-based awards in 2019?
Answer: $15,488
Dividend Policy
Our policy is to declare quarterly dividends to shareholders as decided by the Board of Directors. The dividend to shareholders could be higher than the operating cash flow or the dividend to shareholders could be lower than the operating cash flow after reserves as the Board of Directors may from time to time determine are required, taking into account contingent liabilities, the terms of our borrowing agreements, our other cash needs and the requirements of Bermuda law.
Total dividends distributed in 2019 totaled $14.3 million or $0.10 per share. The quarterly dividend payments per share over the last 5 years have been as follows:
* Includes $0.05 per share distributed as dividend-in-kind.
The Company declared a dividend of $0.07 per share in respect of the fourth quarter of 2019, which was paid to shareholders on March 16, 2020.
Table:
Period  | 2019 | 2018 | 2017 | 2016 | 2015
1st Quarter  | $0.04 | $0.03 | $0.20 | $0.43 | $0.22
2nd Quarter  | $0.03 | $0.01 | $0.20 | $0.43 | $0.38
3rd Quarter  | $0.01 | $0.02 | $0.15*  | $0.25 | $0.40
4th Quarter  | $0.02 | $0.01 | $0.03 | $0.26 | $0.38
Total | $0.10 | $0.07 | $0.58 | $1.37 | $1.38


Question: What is the value of total dividends distributed in 2019?
Answer: $14.3 million
AMERICAN TOWER CORPORATION AND SUBSIDIARIES SCHEDULE III—SCHEDULE OF REAL ESTATE AND ACCUMULATED DEPRECIATION (dollars in millions)
(1) Includes amounts incurred primarily for the construction of new sites.
(2) Includes amounts incurred to purchase or otherwise secure the land under communications sites.
(3) Includes amounts incurred to increase the capacity of existing sites, which results in new incremental tenant revenue.
(4) Includes amounts incurred to enhance existing sites by adding additional functionality, capacity or general asset improvements.
(5) Includes amounts incurred in connection with acquisitions or new market launches. Start-up capital expenditures includes non-recurring expenditures contemplated in acquisitions, new market launch business cases or initial deployment of new technologies or innovation solutions that lead to an increase in sitelevel cash flow generation.
(6) Primarily includes regional improvements and other additions.
(7) Primarily includes foreign currency exchange rate fluctuations and other deductions.
Table:
 | 2019 | 2018 | 2017
Gross amount at beginning | $15,960.1 | $15,349.0 | $14,277.0
Additions during period: |  |  | 
Acquisitions | 887.0 | 721.4 | 499.7
Discretionary capital projects (1) | 258.1 | 173.5 | 120.7
Discretionary ground lease purchases (2) | 189.8 | 180.4 | 150.4
Redevelopment capital expenditures (3) | 213.6 | 177.3 | 138.8
Capital improvements (4) | 161.2 | 94.0 | 65.6
Start-up capital expenditures (5) | 71.3 | 113.1 | 158.1
Other (6) | 45.2 | (3.0) | 106.4
Total additions | 1,826.2 | 1,456.7 | 1,239.7
Deductions during period: |  |  | 
Cost of real estate sold or disposed | (304.6) | (395.7) | (246.5)
Other (7) | (52.4) | (449.9) | 78.8
Total deductions: | (357.0) | (845.6) | (167.7)
Balance at end | $17,429.3 | $15,960.1 | $15,349.0


Question: How many years did total additions exceed $1,500 million?
Answer: 1
Calculation: 2019
Selling, General and Administrative
Selling, general and administrative expense decreased $13.0 million to $88.8 million for the year ended December 31, 2019, as compared to $101.8 million for the year ended December 31, 2018. The decrease was primarily due to a decrease in intangible asset amortization of $8.9 million as certain assets reached the end of their useful lives, as well as decreases in payroll-related expense of $1.7 million due to lower headcount, professional fees of $1.3 million, outside services of $0.5 million, and travel-related expenses of $0.3 million.
We expect selling, general and administrative expenses to remain relatively flat in the near-term; however, our expenses may increase in the future as we expand our sales and marketing organization to enable market expansion.
Table:
 | Year Ended December 31, |  | % Change
 | 2019 | 2018 | 2019
 |  | (dollars in thousands) | 
Selling, general and administrative | $88,762 | $101,789 | (13)%
% of net revenue | 28% | 26% | 


Question: What is the average Selling, general and administrative for the Years Ended December 31, 2019 to 2018?
Answer: 95275.5
Calculation: (88,762+101,789) / 2