hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
6 Other assets (continued)
(a) Security deposits
Included in the security deposits was $8.8 million (2018: $4.2 million) relating to deposits held as security for bank guarantees.
(b) Customer incentives
Where customers are offered incentives in the form of free or discounted periods, the dollar value of the incentive is capitalised and amortised on a straight-line basis over the expected life of the contract.
(c) Contract Costs
From 1 July 2018, eligible costs that are expected to be recovered will be capitalised as a contract cost and amortised over the expected customer life.
Table:
NON-CURRENT | Note | 30 June 2019 $'000 | 30 June 2018 $'000
Customer incentives | 6(b) | 1,091 | 1,145
Capitalised transaction costs |  | 3,359 | 5,490
Contract costs | 6(c) | 448 | -
Total other assets - non-current |  | 4,898 | 6,635


Question: What was the sum of customer incentives and capitalised transaction costs in 2019?
Answer: 4450
Calculation: 1,091 + 3,359
ADJUSTED EBITDA
(1) Fiscal 2019 average foreign exchange rate used for translation was 1.3255 USD/CDN.
(2) Fiscal 2018 was restated to comply with IFRS 15 and to reflect a change in accounting policy as well as to reclassify results from Cogeco Peer 1 as discontinued operations. For further details, please consult the "Accounting policies" and "Discontinued operations" sections.
(3) Fiscal 2019 actuals are translated at the average foreign exchange rate of fiscal 2018 which was 1.2773 USD/CDN.
Fiscal 2019 adjusted EBITDA increased by 10.0% (8.5% in constant currency) as a result of: • an increase in the American broadband services segment mainly as a result of strong organic growth combined with the impact of the MetroCast and FiberLight acquisitions; and • an increase in the Canadian broadband services segment resulting mainly from a decline in operating expenses.
For further details on the Corporation’s adjusted EBITDA, please refer to the "Segmented operating and financial results" section.
Table:
Years ended August 31, | 2019 (1) | 2018 (2) | Change | Change in constant currency (3) | Foreign exchange impact (3)
(in thousands of dollars, except percentages) | $ | $ | % | % | $
Canadian broadband services | 688,681 | 681,020 | 1.1 | 1.3 | (1,102)
American broadband services | 465,645 | 369,200 | 26.1 | 21.5 | 16,911
Inter-segment eliminations and other | (46,386) | (43,402) | 6.9 | 6.8 | (12)
 | 1,107,940 | 1,006,818 | 10.0 | 8.5 | 15,797


Question: What was the exchange rate in 2018?
Answer: 1.2773 USD/CDN.
Geographic Information
(1) Amounts by geography have been reclassified from prior year disclosure to reflect adjustments to our regional operating model. As of January 1, 2019, our geographic regions are: North America, EMEA, South America and APAC. Our North American operations include Canada, the United States, Mexico and Central America. Mexico and Central America were previously included in Latin America. Refer to Note 2, "Summary of Significant Accounting Policies and Recently Issued Accounting Standards," of the Notes to Consolidated Financial Statements.
(2) No non-U.S. country accounted for net sales in excess of 10% of consolidated net sales for the years ended December 31, 2019, 2018 or 2017 or long-lived assets in excess of 10% of consolidated long-lived assets at December 31, 2019 and 2018.
(3) Net sales to external customers within the U.S. were $2,501.6 million, $2,402.3 million and $2,280.0 million for the years ended December 31, 2019, 2018 and 2017, respectively.
(4) Total long-lived assets represent total assets excluding total current assets, deferred tax assets, goodwill, intangible assets and non-current assets held for sale.
Table:
 |  | Year Ended December 31, | 
(In millions) | 2019 | 2018 | 2017
Net sales(1)(2): |  |  | 
North America(3) | $ 2,828.1 | $ 2,734.9 | $ 2,591.5
EMEA | 1,010.4 | 1,038.5 | 983.4
South America | 233.8 | 229.5 | 231.8
APAC | 718.8 | 729.8 | 654.9
Total | $ 4,791.1 | $ 4,732.7 | $ 4,461.6
Total long-lived assets(1)(2)(4): |  |  | 
North America | $ 919.3 | $ 740.5 | 
EMEA | 345.8 | 270.5 | 
South America | 50.2 | 52.8 | 
APAC | 248.3 | 211.8 | 
Total | $ 1,563.6 | $ 1,275.6 | 


Question: What was the change in geographic classification?
Answer: Our North American operations include Canada, the United States, Mexico and Central America. Mexico and Central America were previously included in Latin America.
Ernst & Young LLP
Ernst & Young LLP fees incurred by us for fiscal 2018 and 2019 were as follows:
Audit Fees: Audit fees for fiscal 2018 and 2019 were for professional services rendered in connection with audits of our consolidated financial statements, statutory audits of our subsidiary companies, quarterly reviews, and assistance with documents that we filed with the SEC (including our Forms 10-Q and 8-K) for periods covering fiscal 2018 and 2019.
Audit-Related Fees: Audit-related fees for 2018 and 2019 were for professional services rendered in connection with consultations with management on various accounting matters, including audit of financial
statements of a carve-out entity and sell-side due diligence with respect to our previously announced Spin-Off.
Tax Fees: Tax fees for 2018 and 2019 were for tax compliance and consulting services.
All Other Fees: Other fees in 2018 and 2019 were for access to technical accounting services.
Table:
Services | 2018 ($) | 2019 ($)
Audit Fees | 5,859,755 | 5,024,093
Audit-Related Fees | 137,420 | 3,178,737
Tax Fees | 1,440,168 | 2,346,879
All Other Fees | 11,200 | 10,955
Total | 7,448,544 | 10,560,664


Question: What was the change in audit fees?
Answer: -835662
Calculation: 5,024,093-5,859,755
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: Where are charges related to allowances for doubtful accounts are charged to?
Answer: Charged to selling, general, and administrative expenses
The reconciliation between U.S. federal income taxes at the statutory rate and income tax expense (benefit) was as follows:
(1) The U.S. federal statutory rate was 21% for fiscal 2019, 24.58% for fiscal 2018, and 35%
for fiscal 2017.
(2) Excludes items which are separately presented.
The income tax benefit for fiscal 2019 included a $216 million income tax benefit related to the tax impacts of certain measures of the Switzerland Federal Act on Tax Reform and AHV Financing (“Swiss Tax Reform”), a $90 million income tax benefit related to the effective settlement of a tax audit in a non-U.S. jurisdiction, and $15 million of income tax expense associated with the tax impacts of certain legal entity restructurings and intercompany transactions. See “Swiss Tax Reform” below for additional information regarding Swiss Tax Reform.
The income tax benefit for fiscal 2018 included a $1,222 million net income tax benefit associated with the tax impacts of certain legal entity restructurings and intercompany transactions that occurred in the quarter ended September 28, 2018. The net income tax benefit of $1,222 million related primarily to the recognition of certain non-U.S. loss carryforwards and basis differences in subsidiaries expected to be utilized against future taxable income, partially offset by a $46 million increase in the valuation allowance for certain U.S. federal tax credit carryforwards. The income tax benefit for fiscal 2018 also included $567 million of income tax expense related to the tax impacts of the Tax Cuts and Jobs Act (the “Act”) and a $61 million net income tax benefit related to the tax impacts of certain legal entity restructurings that occurred in the quarter ended December 29, 2017. See “Tax Cuts and Jobs Act” below for additional information regarding the Act.
The income tax expense for fiscal 2017 included a $52 million income tax benefit associated with the tax impacts of certain intercompany transactions and the corresponding reduction in the valuation allowance for U.S. tax loss carryforwards, a $40 million income tax benefit related to share-based payments and the adoption of ASU No. 2016-09, and a $14 million income tax benefit associated with pre-separation tax matters.
Table:
 |  | Fiscal | 
 | 2019 | 2018 | 2017
 |  | (in millions) | 
Notional U.S. federal income tax expense at the statutory rate (1) | $ 406 | $ 551 | $ 602
Adjustments to reconcile to the income tax expense (benefit): |  |  | 
U.S. state income tax benefit, net | (5) | (7) | (4)
Tax law changes | 15 | 638 | 7
Tax credits | (22) | (8) | (8)
Non-U.S. net earnings(2) | (166) | (213) | (355)
Change in accrued income tax liabilities | (61) | 13 | 24
Valuation allowance | (163) | 33 | (1)
Legal entity restructuring and intercompany transactions | 3 | (1,329) | (40)
Excess tax benefits from share-based payments | (8) | (24) | (40)
Other | (14) | 2 | (5)
Income tax expense (benefit) | $ (15) | $ (344) | $ 180


Question: In which year was the Notional U.S. federal income tax expense at the statutory rate the largest?
Answer: 2017
Calculation: 602>551>406
Thomas Clark
(1) Represents accelerated vesting of 33,711 stock options. Pursuant to Mr. Clark’s stock option agreements (dated January 17, 2019), if Mr. Clark’s employment is terminated without cause or for good reason within six months following a “change in control”, he will become immediately vested in all outstanding unvested stock options, and all of Mr. Clark’s outstanding options shall remain exercisable in accordance with their terms, but in no event for less than 90 days after such termination. (1) Represents accelerated vesting of 33,711 stock options. Pursuant to Mr. Clark’s stock option agreements (dated January 17, 2019), if Mr. Clark’s employment is terminated without cause or for good reason within six months following a “change in control”, he will become immediately vested in all outstanding unvested stock options, and all of Mr. Clark’s outstanding options shall remain exercisable in accordance with their terms, but in no event for less than 90 days after such termination. (1) Represents accelerated vesting of 33,711 stock options. Pursuant to Mr. Clark’s stock option agreements (dated January 17, 2019), if Mr. Clark’s employment is terminated without cause or for good reason within six months following a “change in control”, he will become immediately vested in all outstanding unvested stock options, and all of Mr. Clark’s outstanding options shall remain exercisable in accordance with their terms, but in no event for less than 90 days after such termination.
(2) Represents accelerated vesting of 8,340 unvested performance restricted stock units. Pursuant to Mr. Clark’s performance restricted stock unit agreement (dated January 17, 2019), if Mr. Clark’s employment is terminated without cause or for good reason within six months following a “change in control” or if Mr. Clark's employment is terminated due to death or total disability, all non-vested units shall accelerate and be vested as of the date of termination.
Table:
Type of Payment | Termination by Systemax without “Cause” or Resignation by Employee for “good reason” ($) | Termination Due to Death or Total Disability ($) | Change In Control Only ($) | Termination by Systemax without “Cause” or Resignation by Employee for “good reason” within a certain period of time following a Change in Control ($)
Cash Compensation (Salary & Non-Equity Incentive Compensation) | - | - | - | -
Value of Accelerated Vesting of Stock Option Awards | - | - | - | 314,100 (1)
Value of Accelerated Vesting of Restricted Stock Unit Awards | - | - | - | -
Value of Accelerated Vesting of Performance Restricted Stock Unit Awards | - | 209,800 (2) | - | 209,800 (2)
Medical and Other Benefits | - | - | - | -
Total | - | 209,800 | - | 523,900


Question: What is the total termination due to Thomas Clark as a result of death or termination by Systemax without cause within a certain period of time following a Change in Control?
Answer: 733700
Calculation: 209,800 + 523,900
4.4 Operating costs
Cost of revenues includes costs of wireless devices and other equipment sold, network and content costs, and payments to other carriers.
Labour costs (net of capitalized costs) include wages, salaries and related taxes and benefits, post-employment benefit plans service cost, and other labour costs, including contractor and outsourcing costs
Other operating costs include marketing, advertising and sales commission costs, bad debt expense, taxes other than income taxes, IT costs, professional service fees and rent
BCE Total BCE operating costs declined by 0.5% in 2019, compared to last year, driven by reduced costs in Bell Media of 2.5%, while costs in Bell Wireless and Bell Wireline remained relatively stable year over year. These results reflected the benefit from the adoption of IFRS 16 in 2019.
Table:
 | 2019 | 2018 | $ CHANGE | % CHANGE
Bell Wireless | (5,300) | (5,297) | (3) | (0.1%)
Bell Wireline | (6,942) | (6,946) | 4 | 0.1%
Bell Media | (2,367) | (2,428) | 61 | 2.5%
Inter-segment eliminations | 751 | 738 | 13 | 1.8%
Total BCE operating costs | (13,858) | (13,933) | 75 | 0.5%


Question: What does the cost of revenues include?
Answer: Cost of revenues includes costs of wireless devices and other equipment sold, network and content costs, and payments to other carriers.
9. PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment consists of the following (in thousands):
Depreciation and amortization expense related to property and equipment for fiscal years 2019, 2018 and 2017 was $29.7 million, $30.7 million and $27.3 million, respectively. Accumulated depreciation on capital lease assets for fiscal years 2019 and 2018 was $5.3 million and $3.2 million, respectively.
See Note 17 - Impairments and Note 15 - Restructurings for information related to property and equipment impaired during fiscal year 2019.
Table:
 | September 27,  | September 28, 
 | 2019 | 2018
Construction in process | 24,848 | 49,661
Machinery and equipment | 175,696 | 174,638
Leasehold improvements | 12,962 | 14,984
Furniture and fixtures | 3,716 | 2,306
Capital lease assets | 46,496 | 19,380
Computer equipment and software | 18,116 | 17,317
           Total property and equipment | 281,834 | 278,286
Less accumulated depreciation and amortization | (149,187) | (128,363)
Property and equipment — net | $132,647 | $149,923


Question: What is the change in the Leasehold improvements from 2018 to 2019?
Answer: -2022
Calculation: 12,962 - 14,984
Liquidity and Capital Resources
As of December 31, 2019, we had cash and cash equivalents of $92.7 million, restricted cash of $0.4 million, and net accounts receivable of $50.4 million. Additionally, as of December 31, 2019, our working capital was $115.2 million.
Our primary uses of cash are to fund operating expenses, purchases of inventory, property and equipment, intangible assets, and from time to time, the acquisition of businesses. We also use cash to pay down outstanding debt. Our cash and cash equivalents are impacted by the timing of when we pay expenses as reflected in the change in our outstanding accounts payable and accrued expenses.
Cash used to fund operating expenses in our consolidated statements of cash flows excludes the impact of non-cash items such as stock-based compensation, amortization and depreciation of acquired intangible assets, leased right-of-use assets and property and equipment, and impairment of intangible assets and long-lived assets. Cash used to fund acquisitions of businesses and other capital purchases is included in investing activities in our consolidated statements of cash flows.
Our primary sources of cash are cash receipts on accounts receivable from our shipment of products to distributors and direct customers. Aside from the amounts billed to our customers, net cash collections of accounts receivable are impacted by the efficiency of our cash collections process, which can vary from period to period depending on the payment cycles of our major distributor customers, and relative linearity of shipments period-to-period.
Our credit agreement, under which we entered into a term loan to partially fund our acquisition of Exar, permits us to request incremental loans in an aggregate principal amount not to exceed the sum of $160.0 million (subject to adjustments for any voluntary prepayments), plus an unlimited amount that is subject to pro forma compliance with certain secured leverage ratio and total leverage ratio tests. We have not requested any incremental loans to date.
Following is a summary of our working capital, cash and cash equivalents, and restricted cash for the periods indicated:
Table:
 | December 31, | 
 | 2019 | 2018
 | (in thousands) | 
Working capital | $115,208 | 110,044
Cash and cash equivalents | $92,708 | $73,142
Short-term restricted cash | 349 | 645
Long-term restricted cash | 60 | 404
Total cash and cash equivalents, restricted cash and investments | $93,117 | 74,191


Question: What was the cash and cash equivalents in 2019?
Answer: $92.7 million
Discontinued Operations
On October 27, 2017, we entered into a purchase agreement to sell the Compute business. In consideration for the transfer and sale of the Compute business, we received an equity interest in the buyer valued at approximately $36.5 million, representing the carrying value of the assets divested and representing less than 20.0% of the buyer's total outstanding equity. The operations of the Compute business were accounted for as discontinued operations through the date of divestiture.
We also entered into a transition services agreement (the "Compute TSA"), pursuant to which we agreed to perform certain primarily general and administrative functions on the buyer's behalf during a migration period and for which we are reimbursed for costs incurred.
During the fiscal year 2019, we received $0.1 million of reimbursements under the Compute TSA, which was recorded as a reduction of our general and administrative expenses. During the fiscal year 2018, we received $3.6 million of reimbursements under the Compute TSA, which was recorded as a reduction of our general and administrative expenses.
In August of fiscal year 2015, we sold our Automotive business, as the Automotive business was not consistent with our long-term strategic vision from both a growth and profitability perspective.
Additionally, we entered into a Consulting Agreement with the buyer pursuant to which we were to provide the buyer with certain non-design advisory services for a period of two years following the closing of the transaction for up to $15.0 million, from which we have recorded $7.5 million as other income during both fiscal years 2017 and 2016. No income was recognized during fiscal years 2019 or 2018. During fiscal year 2017, we received $18.0 million, the full amount of the indemnification escrow.
The accompanying Consolidated Statements of Operations includes the following operating results related to these discontinued operations (in thousands):
(1) Amounts are associated with the Compute business. (2) Amounts are associated with the Automotive business.
Table:
 | Fiscal Years | 
 | 2018 | 2017
Revenue (1) | $— | $660
Cost of revenue (1) | (596) | 2,252
Gross profit (loss) | 596 | (1,592)
Operating expenses:    |  | 
Research and development (1) | 5,251 | 29,167
Selling, general and administrative (1) | 1,560 | 13,840
Total operating expenses | 6,811 | 43,007
Loss from discontinued operations (1) | (6,215) | (44,599)
Other income (2) | — | 7,500
Gain on sale (2) | — | 18,022
Loss income before income taxes | (6,215) | (19,077)
Income tax provision (benefit) | — | —
Loss income from discontinued operations | (6,215) | (19,077)
Cash flow used in Operating Activities (1) | (10,734) | (42,776)
Cash flow from Investing Activities (2) | — | 25,522


Question: What was the amount of reimbursements under the Compute TSA in 2019?
Answer: $0.1 million
A summary of options outstanding and vested as of December 31, 2019 is as follows:
The total intrinsic value of options exercised during 2019, 2018, and 2017 was $318.5 million, $17.4 million, and $6.6 million, respectively.
The weighted average grant date fair value of options granted during the years ended December 31, 2019, 2018, and 2017, was $19.80, $9.07, and $6.44 per share, respectively. During the year ended December 31, 2019, 2,141,078 options vested. There were 2,939,947 options unvested as of December 31, 2019.
As of December 31, 2019, $30.3 million of total unrecognized compensation cost related to stock options was expected to be recognized over a weighted average period of approximately 2.5 years.
Table:
 | Options Outstanding |  | Options Vested and Exercisable | 
Exercise Prices | Number Outstanding | Weighted Average Life (in Years) | Number Vested and Exercisable | Weighted Average Life (in Years)
$1.50 to $1.90 | 32,913 | 1.4 | 32,913 | 1.4
2.86 to 6.40 | 209,126 | 3.3 | 209,126 | 3.3
8.04 to 11.72 | 498,869 | 4.2 | 498,869 | 4.2
12.20 to 15.06 | 2,227,421 | 6.7 | 1,587,924 | 6.5
16.06 to 24.00 | 1,772,062 | 8.1 | 560,632 | 8.1
31.99 to 42.21 | 847,010 | 9.0 | 42,839 | 8.7
55.10 to 79.25 | 297,341 | 9.5 | 12,492 | 9.3
 | 5,884,742 |  | 2,944,795 | 


Question: What would be the number of outstanding options whose exercise price are between $8.04 to $15.06?
Answer: 2726290
Calculation: 498,869 + 2,227,421
Stock Repurchase Program
Our Board of Directors has approved a program for us to repurchase shares of our common stock. On September 17, 2018 and February 15, 2019, we announced that our Board of Directors approved expansions of our stock repurchase program totaling $24.0 billion. As of May 31, 2019, approximately $5.8 billion remained available for stock repurchases pursuant to our stock repurchase program.
Our stock repurchase authorization does not have an expiration date and the pace of our repurchase activity will depend on factors such as our working capital needs, our cash requirements for acquisitions and dividend payments, our debt repayment obligations or repurchases of our debt, our stock price, and economic and market conditions. Our stock repurchases may be effected from time to time through open market purchases or pursuant to a rule 10b5-1 plan. Our stock repurchase program may be accelerated, suspended, delayed or discontinued at any time.
The following table summarizes the stock repurchase activity for the three months ended May 31, 2019 and the approximate dollar value of shares that may yet be purchased pursuant to our stock repurchase program:
Table:
 |  |  | Total Number of | Approximate Dollar
 |  |  | Shares Purchased as | Value of Shares that
 | Total Number of | Average Price | Part of Publicly | May Yet Be
 | Shares | Paid per | Announced | Purchased
(in millions, except per share amounts) | Purchased | Share | Program | Under the Program
March 1, 2019—March 31, 2019 | 58.0 | $52.93 | 58.0 | $8,780.5
April 1, 2019—April 30, 2019 | 29.1 | $54.41 | 29.1 | $7,198.4
May 1, 2019—May 31, 2019 | 24.9 | $54.11 | 24.9 | $5,848.4
Total | 112.0 | $53.57 | 112.0 | 


Question: How much is the percentage decrease in total number of shares purchased from March 2019 to April 2019?
Answer: -49.83
Calculation: (29.1-58.0)/58.0
16. Earnings Per Share
The weighted-average number of shares outstanding used in the computations of basic and diluted earnings per share were as follows:
Table:
 |  | Fiscal | 
 | 2019 | 2018 | 2017
 |  | (in millions) | 
Basic | 338 | 350 | 355
Dilutive impact of share-based compensation arrangements | 2 | 3 | 3
Diluted | 340 | 353 | 358


Question: What was the percentage change in Dilutive impact of share-based compensation arrangements in 2019 from 2018?
Answer: -33.33
Calculation: (2-3)/3