hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
Following the enactment of the 2017 Tax Cut and Jobs Act and the associated one-time transition tax, in general, repatriation of foreign earnings to the US can be completed with no incremental US Tax. However, there are limited other taxes that continue to apply such as foreign withholding and certain state taxes. The company records a deferred tax liability for the estimated foreign earnings and state tax cost associated with the undistributed foreign earnings that are not permanently reinvested.
The Tax Act also includes provisions for Global Intangible Low-Taxed Income (“GILTI”) wherein taxes on foreign income are imposed in excess of a deemed return on tangible assets of foreign corporations. We elected to recognize the tax on GILTI as an expense in the period the tax is incurred.
We recognize the financial statement benefit of a tax position when it is more-likely-than-not, based on its technical merits, that the position will be sustained upon examination. A tax position that meets the more-likely-than-not threshold is then measured to determine the amount of benefit to be recognized in the financial statements. As of December 31, 2019, we have approximately $5,016 of unrecognized tax benefits, which if recognized, would impact the effective tax rate. We do not anticipate any significant changes in our unrecognized tax benefits within the next 12 months.
A reconciliation of the beginning and ending unrecognized tax benefits is provided below:
Our continuing practice is to recognize interest and/or penalties related to unrecognized tax benefits as income tax expense. As of December 31, 2019, and 2018, $707 and $2,515, respectively, of interest and penalties were accrued.
We are subject to taxation in the U.S., various states, and in non-U.S. jurisdictions. Our U.S. income tax returns are primarily subject to examination from 2016 through 2018; however, U.S. tax authorities also have the ability to review prior tax years to the extent loss carryforwards and tax credit carryforwards are utilized. The open years for the non-U.S. tax returns range from 2008 through 2018 based on local statutes.
Table:
 | As of December 31, | 
 | 2019 | 2018
Balance at January 1 | $3,649 | $4,670
Increase related to current year tax positions | 2,834 | 55
(Decrease) increase related to prior year tax positions | (10) | 46
Decrease related to lapse in statute of limitation | (1,457) | (1,076)
Decrease related to settlements with taxing authorities | — | (46)
Balance at December 31 | $5,016 | $3,649


Question: Which years does the table provide information for the reconciliation of the beginning and ending unrecognized tax benefits?
Answer: 2019, 2018
NOTE 17. FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT
FINANCIAL INSTRUMENTS
Financial instruments include:
The carrying amounts of cash and cash equivalents, accounts receivable and accounts payable equal their fair values because of the short-term nature of these instruments.
Table:
 | December 31, | 
 | 2018 | 2019
Financial assets: |  | 
Cash and cash equivalents | 285,907 | 497,874
Accounts receivable | 173,450 | 199,535
Financial liabilities: |  | 
Accounts payable | 80,640 | 119,712


Question: Which year has the higher total financial assets?
Answer: 2019
Calculation: 2018:(285,907+173,450=459,357) 2019:(497,874 + 199,535=697,409)
Option Exercises and Stock Vested in 2018
The following table sets forth the number of shares of common stock acquired during 2018 by our named executive officers upon the exercise of stock options or upon the vesting of RSUs or RSAs, as well as the value realized upon such equity award transactions.
(1) Calculated by multiplying (i) the fair market value of Class A common stock on the vesting date, which was determined using the closing price on the New York Stock Exchange of a share of Class A common stock on the date of vest, or if such day is a holiday, on the immediately preceding trading day less the option exercise price paid for such shares of common stock, by (ii) the number of shares of common stock acquired upon exercise.
(2) Reflects the aggregate number of shares of Class A common stock underlying RSUs and RSAs that vested in 2018. Of the amount shown for Messrs. Daswani and Murphy and Mses. Friar, Henry, Reses and Whiteley, 20,132, 6,741, 44,857, 59,014, 91,306 and 17,217 shares, respectively, of Class A common stock were withheld to cover tax withholding obligations upon vesting.
(3) Calculated by multiplying (i) the fair market value of Class A common stock on the vesting date, which was determined using the closing price on the New York Stock Exchange of a share of common stock on the date of vest, or if such day is a holiday, on the immediately preceding trading day, by (ii) the number of shares of common stock acquired upon vesting. Of the amount shown for Messrs. Daswani and Murphy and Mses. Friar, Henry, Reses and Whiteley, $1,389,704, $414,596, $2,782,628, $3,619,149, $5,502,076 and $1,114,287, respectively, represents the value of shares withheld to cover tax withholding obligations upon vesting.
Table:
 | Option Awards |  | Stock Awards | 
Name | Number of Shares Acquired on Exercise (#) | Number of Value Realized on Exercise ($)(1) | Shares Acquired on Vesting of RSUs and RSAs (#) (2) | Value Realized on Vesting of RSUs and RSAs ($) (3)
Mr. Dorsey | — | — | — | —
Ms. Friar | 1,082,343 | 54,631,297 | 95,889 | 5,788,657
Ms. Henry | 200,000 | 13,187,645 | 124,498 | 7,475,787
Ms. Reses | — | — | 189,577 | 11,284,454
Ms. Whiteley | 20,625 | 989,821 | 38,156 | 2,375,984
Mr. Daswani | — | — | 45,310 | 3,106,268
Mr. Murphy | — | — | 18,024 | 1,120,072


Question: Who has the largest amount of  Number of Shares Acquired on Vesting of RSUs and RSAs?
Answer: Ms. Reses
Calculation: From COL5 find the largest number and the corresponding name in COL 2
The Group’s associates are considered to be related parties.
As at 30 March 2019 the following are also considered to be related parties under the Listing Rules due to their shareholdings exceeding 10% of the Group’s total issued share capital:
− Nissin Foods Holdings Co., Ltd. (“Nissin”) is considered to be a related party to the Group by virtue of its 19.47% (2017/18: 19.57%) equity shareholding in Premier Foods plc and of its power to appoint a member to the Board of directors.− Oasis Management Company Ltd (“Oasis”) is considered to be a related party to the Group by virtue of its 11.99% (2017/18: 9.01%) equity shareholding in Premier Foods plc and of its power to appoint a member to the Board of directors.
− Paulson Investment Company LLC, (“Paulson”) is considered to be a related party to the Group by virtue of its 11.98% (2017/18: 7.39%) equity shareholding in Premier Foods plc and of its power to appoint a member to the Board of directors.
As at 30 March 2019 the Group had outstanding balances with Hovis. Total trade receivables was £0.9m (2017/18: £0.5m) and total trade payables was £0.6m (2017/18: £2.5m).
Table:
 | 52 weeks ended | 52 weeks ended
 | 30 Mar 2019 | 31 Mar 2018
 | £m | £m
Sale of goods: |  | 
– Hovis | 0.3 | 0.3
Sale of services: |  | 
– Hovis | 0.7 | 0.7
– Nissin | 0.2 | 0.1
Total sales | 1.2 | 1.1
Purchase of goods: |  | 
– Hovis | 6.3 | 11.9
– Nissin | 10.3 | 7.1
Total purchases | 16.6 | 19.0


Question: What was the change in hovis sale of goods from 2018 to 2019?
Answer: 0
Calculation: 0.3 - 0.3
Taxes
At €298 million (2017/18: €216 million), recognised income tax expenses are €81 million higher than the previous year’s figures.
During the reporting period, the group tax rate for the continuing segment is 42.0% (2017/18: 37.6%). The group tax rate represents the relationship between recognised income tax expenses and earnings before taxes. The increase in the ratio in the current financial year is mainly attributable to impairments on deferred taxes on loss carry-forwards in Germany. The comparatively low ratio in the previous year includes positive one-off tax effects such as tax rate changes abroad and the reduction for risk provisions.
For more information about income taxes, see the notes to the consolidated financial statements in no. 12 – income taxes page 206 .
1 Adjustment of previous year according to explanation in notes.
Table:
€ million | 2017/2018 | 2018/2019
Actual taxes | 173 | 215
thereof Germany | (14) | (9)
thereof international | (159) | (206)
thereof tax expenses/income for the current period | (194) | (221)
thereof tax expenses/income of previous periods | (−21) | (−6)
Deferred taxes | 43 | 83
thereof Germany | (39) | (104)
thereof international | (4) | (−21)
 | 216 | 298


Question: What does the group tax rate represent?
Answer: the relationship between recognised income tax expenses and earnings before taxes
Share Options
The Company estimates the fair value of employee share options on the date of grant using the Black-Scholes option-pricing model, which requires the use of highly subjective estimates and assumptions. The Company estimates the expected term of share options for service-based awards utilizing the “Simplified Method,” as it does not have sufficient historical share option exercise information on which to base its estimate. The Simplified Method is based on the average of the vesting tranches and the contractual life of each grant.
The risk-free interest rate is based on a treasury instrument whose term is consistent with the expected life of the share option. Since there was no public market for the Company’s ordinary shares prior to the IPO and as its shares have been publicly traded for a limited time, the Company determined the expected volatility for options granted based on an analysis of reported data for a peer group of companies that issue options with substantially similar terms.
The expected volatility of options granted has been determined using an average of the historical volatility measures of this peer group of companies. The Company uses an expected dividend rate of zero as it currently has no history or expectation of paying dividends on its ordinary shares. The fair value of the Company’s ordinary shares at the time of each share option grant is based on the closing market value of its ordinary shares on the grant date.
The fair value of each share option grant was estimated using the Black-Scholes option-pricing model that used the following weighted-average assumptions:
The weighted-average per share fair value of share options granted to employees during the years ended March 31, 2019, 2018 and 2017 was $16.48, $11.12 and $8.65 per share, respectively.
Table:
 |  | Year ended March 31,  | 
 | 2019 | 2018 | 2017
Expected term (in years) | 6.1 | 6.1 | 6.1
Risk-free interest rate | 2.7% | 2.2% | 2.1%
Expected volatility | 41.5% | 39.8% | 41.0%
Expected dividend yield   | —% | —% | —%
Estimated grant date fair value per ordinary share | $37.15 | $26.52 | $20.22


Question: What was the average Expected volatility between 2017-2019?
Answer: 40.77
Calculation: (41.5 + 39.8 + 41.0) / 3
maturities of debt the scheduled maturities of the outstanding debt balances , excluding debt fair value adjustments as of december 31 , 2014 , are summarized as follows ( in millions ) : .

Table:
year | total
2015 | $ 2717
2016 | 1684
2017 | 3059
2018 | 2328
2019 | 2819
thereafter | 28422
total | $ 41029
_______ interest rates , interest rate swaps and contingent debt the weighted average interest rate on all of our borrowings was 5.02% ( 5.02 % ) during 2014 and 5.08% ( 5.08 % ) during 2013 .
information on our interest rate swaps is contained in note 13 .
for information about our contingent debt agreements , see note 12 .
subsequent event subsequent to december 31 , 2014 , additional ep trust i preferred securities were converted , primarily consisting of 969117 ep trust i preferred securities converted on january 14 , 2015 , into ( i ) 697473 of our class p common stock ; ( ii ) approximately $ 24 million in cash ; and ( iii ) 1066028 in warrants .
9 .
share-based compensation and employee benefits share-based compensation kinder morgan , inc .
class p shares stock compensation plan for non-employee directors we have a stock compensation plan for non-employee directors , in which our eligible non-employee directors participate .
the plan recognizes that the compensation paid to each eligible non-employee director is fixed by our board , generally annually , and that the compensation is payable in cash .
pursuant to the plan , in lieu of receiving some or all of the cash compensation , each eligible non-employee director may elect to receive shares of class p common stock .
each election will be generally at or around the first board meeting in january of each calendar year and will be effective for the entire calendar year .
an eligible director may make a new election each calendar year .
the total number of shares of class p common stock authorized under the plan is 250000 .
during 2014 , 2013 and 2012 , we made restricted class p common stock grants to our non-employee directors of 6210 , 5710 and 5520 , respectively .
these grants were valued at time of issuance at $ 220000 , $ 210000 and $ 185000 , respectively .
all of the restricted stock grants made to non-employee directors vest during a six-month period .
table of contents .

Question: what percentage of total maturities of debt come due prior to 2019?
Answer: 31%
Calculation: subtract(41029, 28422), divide(#0, 41029)
3.1 OPERATING RESULTS
(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.
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) | $ | $ | % | % | $
Revenue | 2,331,820 | 2,147,404 | 8.6 | 6.8 | 37,433
Operating Expenses | 1,203,980 | 1,121,625 | 7.3 | 5.4 | 21,636
Management fees – Cogeco Inc. | 19,900 | 18,961 | 5.0 | 5.0 | -
Adjusted EBITDA | 1,107,940 | 1,006,818 | 10.0 | 8.5 | 15,797
Adjusted EBITDA margin | 47.5% | 46.9% |  |  | 


Question: What was the adjusted EBITDA margin in 2019?
Answer: 47.5%
Quarterly Results (Unaudited)
The following table sets forth certain unaudited quarterly financial information for the 2019 and 2018 fiscal years. In the opinion of management, this information has been presented on the same basis as the audited consolidated financial statements appearing elsewhere, and all necessary adjustments (consisting primarily of normal recurring accruals) have been included in the amounts stated below to present fairly the unaudited quarterly results when read in conjunction with the audited consolidated financial statements and related notes thereto. The operating results for any quarter are not necessarily indicative of results for any future period.
(1) Includes acquisition and integration charges related to our strategic collaboration with JJMD of $17.6 million, $13.4 million, $12.8 million, $8.9 million and $8.1 million for the three months ended August 31, 2019, May 31, 2019, February 28, 2019, November 30, 2018 and August 31, 2018, respectively.
(2) Includes ($13.3 million), $111.4 million and $30.9 million of income tax (benefit) expense for the three months ended November 30, 2018, August 31, 2018 and February 28, 2018, respectively, related to the Tax Act.
(4) Includes a distressed customer charge of $6.2 million, $18.0 million and $14.7 million during the three months ended August 31, 2019, August 31, 2018 and February 28, 2018, respectively.
(5) Includes $32.4 million of stock-based compensation expense for the modification of certain performancebased restricted stock units and a one-time cash settled award during the three months ended November 30, 2017.
Table:
 |  |  | Fiscal Year 2018 | 
 |  |  | Three Months Ended | 
(in thousands, except for per share data) | August 31, 2018 | May 31, 2018 | February 28, 2018 | November 30, 2017
Net revenue | $5,771,831 | $5,436,952 | $5,301,101 | $5,585,532
Gross profit(4) | 442,147 | 398,227 | 397,133 | 469,285
Operating income(1)(4)(5) | 153,896 | 112,971 | 129,532 | 145,754
Net (loss) income(2)(4)(5) | (56,608) | 42,702 | 37,528 | 63,919
Net (loss) income attributable to Jabil Inc.(2)(4)(5) | $(57,314) | $42,541 | $37,308 | $63,795
(Loss) earnings per share attributable to the stockholders of Jabil Inc. |  |  |  | 
Basic | $(0.34) | $0.25 | $0.21 | $0.36
Diluted | $(0.34) | $0.25 | $0.21 | $0.35


Question: What was the percentage change in net revenue between the three months ended November 30, 2017 and February 28, 2018?
Answer: -5.09
Calculation: ($5,301,101-$5,585,532)/$5,585,532
The below tables represents the key components of Teradyne’s convertible senior notes:
As of December 31, 2019, the unamortized discount was $65.3 million, which will be amortized over four years using the effective interest rate method. The carrying amount of the equity component was $100.8 million. As of December 31, 2019, the conversion price was approximately $31.62 per share and if converted the value of the notes was $992.0 million.
Table:
 | December 31, 2019 | December 31, 2018
 | (in thousands) | 
Debt principal | $460,000 | $460,000
Unamortized discount | 65,313 | 80,019
Net carrying amount of convertible debt | $394,687 | $379,981


Question: In which year was the amount of Unamortized discount larger?
Answer: 2018
Calculation: 80,019>65,313
Note 10. EQUITY INVESTMENTS
Our equity investments consist of equity investments with readily determinable fair value, investments without readily determinable fair value, equity investments accounted for using the fair value option, and equity method investments.
Our share of earnings (losses) from equity investments accounted for under the equity method is reflected as ‘‘Equity in earnings (losses) of unconsolidated investees’’ in our consolidated statements of operations. Mark-to-market gains and losses on equity investments with readily determinable fair value are reflected as ‘‘other, net’’ under other income (expense), net in our consolidated statements of operations. The carrying value of our equity investments, classified as ‘‘other long-term assets’’ on our consolidated balance sheets, are as follows:
Table:
 | As of | 
(In thousands) | December 29, 2019 | December 30, 2018
Equity investments with readily determinable fair value: |  | 
Enphase Energy, Inc | $173,908 | $36,225
Total equity investments with readily determinable fair value | 173,908 | 36,225
Equity investments without readily determinable fair value: |  | 
Project entities | 2,677 | 2,951
Other equity investments without readily determinable fair value | 5,859 | 5,859
Total equity investments without readily determinable fair value | 8,536 | 8,810
Equity investments with fair value option: |  | 
SunStrong Capital Holdings, LLC | 8,000 | 8,831
SunStrong Partners, LLC | 9,500 | —
8point3 Solar Investco 3 Holdings, LLC | — | —
Total equity investment with fair value option | 17,500 | 8,831
Equity method investments |  | 
Huansheng Corporation | 26,533 | 32,784
Project entities | 125 | 2,044
Total equity method investments | 26,658 | 34,828
Total equity investments | $226,602 | $88,694


Question: What is the share of earnings from equity investments accounted for under the equity method reflected as?
Answer: ‘‘Equity in earnings (losses) of unconsolidated investees’’ in our consolidated statements of operations
The funded status of the plans was as follows:
(in thousands)
Table:
 | Years Ended March 31, | 
 | 2019 | 2018
Fair value of plan assets | $90,365 | $84,718
Less: projected benefit obligations | 143,662 | 128,915
Underfunded status | $(53,297) | $(44,197)


Question: What is the amount of underfunded status in 2019?
Answer: $(53,297)
Net Periodic Benefit Cost
The following table provides information about the net periodic benefit cost for the plans for fiscal years 2019, 2018 and 2017 (in thousands):
On September 1, 2018, the Company adopted a new accounting standard, which changes the presentation of net periodic benefit cost in the Consolidated Statements of Operation. The Company adopted the standard on a retrospective basis which results in reclassifications for the service cost component of net periodic benefit cost from selling, general and administrative expense to cost of revenue and for the other components from selling, general and administrative expense to other expense. Prior periods have not been reclassified due to immateriality.
Table:
 |  | Pension | 
 | 2019 | 2018 | 2017
Service cost | $1,437 | $1,063 | $1,068
Interest cost | 3,715 | 3,807 | 2,942
Expected long-term return on plan assets | (5,291) | (5,954) | (4,206)
Recognized actuarial loss | 741 | 1,127 | 1,929
Amortization of prior service credit | (44) | (88) | (138)
Net settlement loss | 634 | 116 | 1,472
Net periodic benefit cost | $1,192 | $71 | $3,067


Question: What was the service cost in 2019?
Answer: $1,437
Unrecognized Tax Benefits
Activity related to unrecognized tax benefits is as follows (in thousands):
During the year ended July 31, 2019, the Company’s unrecognized tax benefits increased by $1.3 million, primarily associated with the Company’s U.S. Federal and California R&D credits. As of July 31, 2019, the Company had unrecognized tax benefits of $6.2 million that, if recognized, would affect the Company’s effective tax rate. An estimate of the range of possible change within the next 12 months cannot be made at this time.
The Company, or one of its subsidiaries, files income taxes in the U.S. Federal jurisdiction and various state and foreign jurisdictions. If the Company utilizes net operating losses or tax credits in future years, the U.S. Federal, state and local, and non-U.S. tax authorities may examine the tax returns covering the period in which the net operating losses and tax credits arose. As a result, the Company’s tax returns in the U.S. and California remain open to examination from fiscal years 2002 through 2019. As of July 31, 2019, the Company has no income tax audits in progress in the U.S. or foreign jurisdictions.
Table:
 |  | Fiscal years ended July 31, | 
 | 2019 | 2018 | 2017
Unrecognized tax benefit - beginning of period | $10,321 | $9,346 | $7,687
Gross increases - prior period tax positions | 98 | 729 | 712
Gross decreases - prior period tax positions | (88) | (878) | (691)
Gross increases - current period tax positions | 1,302 | 1,124 | 1,638
Unrecognized tax benefit - end of period | $11,633 | $10,321 | $9,346


Question: What was the Gross decreases - prior period tax positions in 2019?
Answer: (88)