hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Issuer Purchases of Equity Securities
The following shares of the Company were repurchased during the quarter ended June 30, 2019:
(1) 250,000 shares were purchased through a publicly announced repurchase plan. There were no shares surrendered to the Company to satisfy tax withholding obligations in connection with employee restricted stock awards.
(2) Total stock repurchase authorizations approved by the Company’s Board of Directors as of February 17, 2015 were for 30.0 million shares. These authorizations have no specific dollar or share price targets and no expiration dates.
Table:
 | Total Number of Shares Purchased (1) | Average Price of Share | Total Number of Shares Purchased as Part of Publicly Announced Plans (1) | Maximum Number of Shares that May Yet Be Purchased Under the Plans (2)
April 1 - April 30, 2019 | — | $— | — | 3,732,713
May 1 - May 31, 2019 | 250,000 | $134.35 | 250,000 | 3,482,713
June 1 - June 30, 2019 | — | $— | — | 3,482,713
Total | 250,000 | $134.35 | 250,000 | 3,482,713


Question: What percentage of maximum shares that may yet be purchased under the plans as at April 1 - April 30, 2019 is the maximum number of shares that may be purchased as at May 1 - May 31,2019?
Answer: 93.3
Calculation: 3,482,713/3,732,713
Net Pension Expense
Net pension expense, as we define it below, includes the net periodic benefit costs related to both our pension and other postretirement plans. The net periodic benefit costs are determined annually based on beginning of year balances and are recorded ratably throughout the fiscal year, unless a significant re-measurement event occurs. The following is a summary of the net periodic benefit costs for the years ended June 30, 2019, 2018 and 2017:
In September 2016, we announced changes to retirement plans we offer to certain employees. Benefits accrued to eligible participants of our largest qualified defined benefit pension plan and certain non-qualified pension plans were frozen effective December 31, 2016. Approximately 1,900 affected employees were transitioned to the Company’s 401(k) plan that has been in effect for eligible employees since 2012, when the pension plan was closed to new entrants. We recognized the plan freeze during fiscal year 2017 as a curtailment, since it eliminated the accrual for a significant number of participants for all of their future services. We also made a voluntary pension contribution of $100.0 million to the affected plan in October 2016.
The service cost component of net pension expense represents the estimated cost of future pension liabilities earned associated with active employees. The pension earnings, interest and deferrals (“pension EID”) is comprised of the expected return on plan assets, interest costs on the projected benefit obligations of the plans and amortization of actuarial gains and losses and prior service costs.
Table:
 |  | Years Ended June 30, | 
($ in millions) | 2019 | 2018 | 2017
Pension plans | $9.8 | $11.3 | $45.8
Other postretirement plans | 1.8 | 2.9 | 2.6
Net periodic benefit costs | $11.6 | $14.2 | $48.4


Question: What was the change in Pension Plans in 2019 from 2018?
Answer: -1.5
Calculation: 9.8-11.3
No deferred tax assets were capitalised for the following tax loss carry-forwards and interest carry-forwards or temporary differences because realisation of the assets in the short-to-medium term is not expected:
The loss carry-forwards as of the closing date predominantly concern the German consolidation group. They can be carried forward without limitation.
Table:
€ million | 30/9/2018 | 30/9/2019
Corporate tax losses | 4,320 | 4,883
Trade tax losses | 3,296 | 3,679
Interest carry-forwards | 57 | 83
Temporary differences | 104 | 120


Question: Why were no deferred tax assets capitalised for the following tax loss carry-forwards and interest carry-forwards or temporary differences?
Answer: because realisation of the assets in the short-to-medium term is not expected
Item 2. Properties
The Company operates out of several facilities located around the world. Each facility is used for manufacturing its products and for administrative activities. The following table presents the location, size and terms of ownership/occupation:
The Company’s facility located in Mitchel Field, Long Island, New York, is part of the building that the Company constructed in 1981 and expanded in 1988 on land leased from Nassau County. In January 1998, the Company sold this building and the related land lease to Reckson Associates Realty Corp. (“Reckson”), leasing back the space that it presently occupies.
The Company leased its manufacturing and office space from Reckson under an initial 11-year lease followed by two five-year renewal periods which ended in January 2019. On July 25, 2018, the Company signed an amendment to the lease with RA 55 CLB LLC (as successor-in-interest to Reckson) which extended the current lease terms ten years and eight months through September 30, 2029. Pursuant to the amendment to the lease agreement, the Company shall pay a gradually increasing annual rent of $1,046,810 in 2019 to $1,276,056 in 2029. The Company believes the leased space is adequate to meet the Company’s domestic operational needs which encompass the principal operations of the FEI-NY segment and also serves as the Company’s world-wide corporate headquarters.
The Garden Grove, California facility is leased by the Company’s subsidiary, FEI-Zyfer. The facility consists of a combination office and manufacturing space. The Company has signed a second amendment to the lease, which extends the lease an additional 88 months, beginning October 1, 2017 and expiring January 31, 2025. The average annual rent over the period of the amendment is approximately $312,000. The Company believes the leased space is adequate to meet FEI-Zyfer’s operational needs.
The Tianjin, China facility is the location of the Company’s wholly-owned subsidiary, FEI-Asia. The subsidiary’s office and manufacturing facility is located in the Tianjin Free-Trade Zone. The lease was renewable annually with monthly rent of $8,500 through August 2019. As mentioned in Footnote 3, below, FEI-Asia was sold on May 21, 2019 and as a result the lease commitment transferred with the sale.
FEI-Elcom entered into a new lease agreement on February 1, 2018 regarding its Northvale, New Jersey facility. The facility consists of a combination office and manufacturing space. The lease, which expires in January 31, 2021, requires monthly payments of $9,673. The Company believes the leased space is adequate to meet FEI-Elcom’s operational needs.
Table:
Location | Size (sq. ft.) | Own or Lease
Long Island, NY | 93,000 | Lease
Garden Grove, CA | 27,850 | Lease
Tianjin, China | 28,000 | Lease
Northvale, NJ | 9,000 | Lease


Question: What is the size of the Tianjin, China and Northvale, NJ facilities respectively in sq ft?
Answer: 28,000, 9,000
The 2019 operating expenses increased 3.9% compared to the prior year, mainly due to salary dynamic, increased spending in certain R&D programs and higher share-based compensation cost, partially offset by favorable currency effects, net of hedging.
The 2018 operating expenses increased 9.5% compared to the prior year, mainly due to unfavorable currency effects, net of hedging, salary dynamic, increased R&D activities and higher costs of the share-based compensation plans.
The R&D expenses were net of research tax credits in France and Italy, which amounted to $126 million in 2019, $138 million in 2018 and $124 million in 2017.
Table:
 | Year Ended December 31, | Year Ended December 31, | Year Ended December 31, | Variation | Variation
 | 2019 | 2018 | 2017 | 2019 vs 2018 | 2018 vs 2017
 | (In millions) | (In millions) | (In millions) |  | 
Selling, general and administrative expenses | $(1,093) | $(1,095) | $(981) | 0.3% | (11.7)%
Research and development expenses | (1,498) | (1,398) | (1,296) | (7.1) | (7.9)
Total operating expenses | $(2,591) | $(2,493) | $(2,277) | (3.9)% | (9.5)%
As percentage of net revenues | (27.1)% | (25.8)% | (27.3)% | -130 bps | +150 bps


Question: In 2019, what were the reasons for increase in operating expenses?
Answer: due to salary dynamic, increased spending in certain R&D programs and higher share-based compensation cost, partially offset by favorable currency effects, net of hedging.
7 Trade and other payables
(i) Recognition and measurement
Trade and other payables, including accruals, are recorded when the Group is required to make future payments as a result of purchases of assets or services provided to the Group prior to the end of financial period. The amounts are unsecured and are usually paid within 30 days of recognition. Trade and other payables are presented as current liabilities unless payment is not due within 12 months from the reporting date. They are recognised initially at their fair value and subsequently measured at amortised cost using the effective interest method.
(ii) Fair values of trade and other payables
Due to the short-term nature of trade and other payables, their carrying amount is considered to be the same as their fair value.
(iii) Risk Exposure
As the majority of payables are in Australian dollars, management does not believe there are any significant risks in relation to these financial liabilities. Refer to note 15 for details of the Group’s financial risk management policies.
Table:
 | 30 June 2019 | 30 June 2018
 | $'000 | $'000
Trade payables | 44,840 | 27,640
Accrued capital expenditure | 5,841 | 1,767
Accrued expenses | 2,848 | 2,114
Other creditors | 3,117 | 2,888
Total trade and other payables | 56,646 | 34,409


Question: What was the sum of accrued expenses and accrued capital expenditure in 2018?
Answer: 3881
Calculation: 1,767 + 2,114
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 was the change in total equity method investments from 2018 to 2019?
Answer: -8170
Calculation: 26,658 - 34,828
FAIR VALUE
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
Certain fair value estimates are affected by assumptions we make about the amount and timing of future cash flows and discount rates, all of which reflect varying degrees of risk. Income taxes and other expenses that would be incurred on disposition of financial instruments are not reflected in the fair values. As a result, the fair values are not the net amounts that would be realized if these instruments were settled.
The carrying values of our cash and cash equivalents, trade and other receivables, dividends payable, trade payables and accruals, compensation payable, severance and other costs payable, interest payable, notes payable and loans secured by trade receivables approximate fair value as they are short-term.
The following table provides the fair value details of financial instruments measured at amortized cost in the statements of financial position.
(1) Upon adoption of IFRS 16 on January 1, 2019, fair value disclosures are no longer required for leases
Table:
 |  |  | DECEMBER 31, 2019 |  | DECEMBER 31, 2018 | 
 | CLASSIFICATION | FAIR VALUE METHODOLOGY | CARRYING VALUE | FAIR VALUE | CARRYING VALUE | FAIR VALUE
CRTC tangible benefits obligation | Trade payables and other liabilities and other non-current liabilities | Present value of estimated future cash flows discounted using observable market interest rates | 29 | 29 | 61 | 61
CRTC deferral account obligation | Trade payables and other liabilities and other non-current liabilities | Present value of estimated future cash flows discounted using observable market interest rates | 82 | 85 | 108 | 112
Debt securities and other debt | Debt due within one year and long-term debt | Quoted market price of debt | 18,653 | 20,905 | 18,188 | 19,178
Finance leases (1) | Debt due within one year and long-term debt | Present value of future cash flows discounted using observable market interest rates | - | - | 2,097 | 2,304


Question: What is the percentage change in carrying values for CRTC deferral account obligation in 2019?
Answer: -24.07
Calculation: (82-108)/108
Fiscal 2019 Restructuring Plan
During Fiscal 2019, we began to implement restructuring activities to streamline our operations (Fiscal 2019 Restructuring Plan), including in connection with our recent acquisitions of Catalyst and Liaison, to take further steps to improve our operational efficiency. The Fiscal 2019 Restructuring Plan charges relate to workforce reductions and facility consolidations. These charges require management to make certain judgments and estimates regarding the amount and timing of restructuring charges or recoveries. Our estimated liability could change subsequent to its recognition, requiring adjustments to the expense and the liability recorded. On a quarterly basis, we conduct an evaluation of the related liabilities and expenses and revise our assumptions and estimates as appropriate.
As of June 30, 2019, we expect total costs to be incurred in conjunction with the Fiscal 2019 Restructuring Plan to be approximately $30.0 million, of which $28.3 million has already been recorded within "Special charges (recoveries)" to date. We do not expect to incur any further significant charges relating to this plan.
A reconciliation of the beginning and ending liability for the year ended June 30, 2019 is shown below.
Table:
Fiscal 2019 Restructuring Plan | Workplace reduction | Facility costs | Total
Balance payable as at June 30, 2018 | $— | $— | $—
Accruals and adjustments | 12,460 | 15,858 | 28,318
Cash payments | (10,420) | (4,739) | (15,159)
Non-cash adjustments | — | (3,393) | (3,393)
Foreign exchange | (221) | (2,438) | (2,659)
Balance payable as at June 30, 2019 | $1,819 | $5,288 | $7,107


Question: What is the Balance payable as at June 30, 2019 for Workplace reduction expressed as a percentage of total Balance payable?
Answer: 25.59
Calculation: 1,819/7,107
16. Quarterly Financial Data: (unaudited, amount in thousands, except per share data):
During the Company's second quarter of fiscal 2019 and second quarter of fiscal 2018, we recorded $2.3 million and $80.8 million, respectively, primarily related to the legal settlement of several antitrust claims against the Company. Also during the second quarter of fiscal 2018, the Tax Cuts and Jobs Act of 2017 was enacted. This resulted in an initial revaluation of our deferred tax liabilities during the third quarter which favorably impacted our results by $35.0 million. In the fourth quarter of fiscal 2018, we completed our analysis of the Act and recorded additional tax benefit of $8.0 million.
Table:
 | Fiscal Year 2019 |  |  | 
 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter
Net sales | $340,583 | $356,040 | $383,993 | $280,572
Gross profit | 57,128 | 70,535 | 82,441 | 12,755
Net income (loss) attributable to Cal-Maine Foods, Inc. | 12,406 | 21,807 | 39,777 | (19,761)
Net income (loss) per share: |  |  |  | 
Basic | $0.26 | $0.45 | $0.82 | $(0.41)
Diluted | $0.26 | $0.45 | $0.82 | $(0.41)
 | Fiscal Year 2018 |  |  | 
 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter
Net sales | $262,845 | $361,172 | $435,820 | $443,095
Gross profit | 17,336 | 82,396 | 120,098 | 141,216
Net income (loss) attributable to Cal-Maine Foods, Inc. | (15,993) | (26,136) | 96,294 | 71,767
Net income (loss) per share: |  |  |  | 
Basic | $(0.33) | $(0.54) | $1.99 | $1.48
Diluted | $(0.33) | $(0.54) | $1.99 | $1.48


Question: When was the Tax Cuts and Jobs Act of 2017 enacted?
Answer: 2018
6.4 Deed of cross guarantee
Pursuant to the iSelect Deed of Cross Guarantee (“the Deed”) and in accordance with ASIC Class Order 98/1418, the subsidiaries identified with a ‘2’ in note 6.2 are relieved from the requirements of the Corporations Act 2001 relating to the preparation, audit and lodgment of their financial reports.
iSelect Limited and the subsidiaries identified with a ‘2’ in note 6.2 together are referred to as the “Closed Group”. The Closed Group, with the exception of General Brokerage Services Pty Ltd, Energy Watch Trading Pty Ltd, Procure Power Pty Ltd, Energy Watch Services Pty Ltd and iSelect International Pty Ltd entered into the Deed on 26 June 2013.
General Brokerage Services Pty Ltd, Energy Watch Trading Pty Ltd, Procure Power Pty Ltd and Energy Watch Services Pty Ltd entered into the Deed on 1 July 2014, the date they were acquired as part of the Energy Watch Group acquisition. iSelect International entered the Deed on 8 September 2014. The effect of the Deed is that iSelect Limited guarantees to each creditor payment in full of any debt in the event of winding up any of the entities in the Closed Group.
The consolidated income statement of the entities that are members of the Closed Group is as follows:
Table:
 | CONSOLIDATED | 
 | 2019 $’000 | 2018 $’000
Consolidated income statement |  | 
Loss from continuing operations before income tax | (20,111) | (21,033)
Income tax benefit | 5,949 | 6,734
Net loss for the year | (14,162) | (14,299)
Retained earnings at the beginning of the period | 4,101 | 30,790
Transferred in from divested subsidiary | (8,676) | -
Net loss for the year | (14,162) | (14,299)
Dividends paid | - | (12,390)
Retained earnings at the end of the year | (18,737) | 4,101


Question: What is the effect of the Deed?
Answer: iSelect Limited guarantees to each creditor payment in full of any debt in the event of winding up any of the entities in the Closed Group
GreenSky, Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) (United States Dollars in thousands, except per share data, unless otherwise stated)
Note 6. Property, Equipment and Software
Property, equipment and software were as follows as of the dates indicated.
Table:
 | December 31, | 
 | 2019 | 2018
Furniture | $2,907 | $2,813
Leasehold improvements | 4,902 | 4,171
Computer hardware | 2,494 | 2,923
Software | 20,126 | 8,344
Total property, equipment and software, at cost | 30,429 | 18,251
Less: accumulated depreciation | (5,701) | (5,462)
Less: accumulated amortization | (6,419) | (2,557)
Total property, equipment and software, net | $18,309 | $10,232


Question: Which years does the table show?
Answer: 2019, 2018
Item 6. Selected Financial Data
The following table summarizes our selected consolidated financial data for the periods indicated. The selected consolidated financial data should be read in conjunction with our Consolidated Financial Statements and related notes and “Management's Discussion and Analysis of Financial Condition and Results of Operations” appearing elsewhere in this Annual Report on Form 10-K. The selected consolidated statement of income and balance sheet data for each of the five fiscal years indicated below has been derived from our audited Consolidated Financial Statements. Over the last five fiscal years we have acquired a number of companies including, but not limited to Catalyst, Liaison, Hightail, Guidance, Covisint, ECD Business, CCM Business, Recommind, ANX, CEM Business, Daegis, and Actuate. The results of these companies and all of our previously acquired companies have been included herein and have contributed to the growth in our revenues, net income and net income per share and such acquisitions affect period-to-period comparability.
(1) Effective July 1, 2018, we adopted Accounting Standards Codification (ASC) Topic 606 "Revenue from Contracts with Customers" (Topic 606) using the cumulative effect approach. We applied the standard to contracts that were not completed as of the date of the initial adoption. Results for reporting periods commencing on July 1, 2018 are presented under the new revenue standard, while prior period results continue to be reported under the previous standard.
(2) Fiscal 2017 included a significant one-time tax benefit of $876.1 million recorded in the first quarter of Fiscal 2017.
Table:
 |  |  | Fiscal Year Ended June 30, |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
(In thousands, except per share data) |  |  |  |  | 
Statement of Income Data: |  |  |  |  | 
Revenues(1) | $2,868,755 | $2,815,241 | $2,291,057 | $1,824,228 | $1,851,917
Net income, attributable to OpenText(2) | $285,501 | $242,224 | $1,025,659 | $284,477 | $234,327
Net income per share, basic, attributable to OpenText(1) | $1.06 | $0.91 | $4.04 | $1.17 | $0.96
Net income per share, diluted, attributable to OpenText(1) | $1.06 | $0.91 | $4.01 | $1.17 | $0.95
Weighted average number of Common Shares outstanding, basic | 268,784 | 266,085 | 253,879 | 242,926 | 244,184
Weighted average number of Common Shares outstanding, diluted | 269,908 | 267,492 | 255,805 | 244,076 | 245,914


Question: Excluding the one-tax benefit for Fiscal 2017, what is the Net income, attributable to the company for 2017?
Answer: 149559
Calculation: 1,025,659 thousand-(876.1 million)
Item 6. Selected Financial Data
The following selected consolidated financial data set forth below was derived from our historical audited consolidated financial statements and should be read in conjunction with Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations and Item 8 – Financial Statements and Supplementary Data, and other financial data included elsewhere in this Annual Report on Form 10-K. Our historical results of operations are not indicative of our future results of operations.
(2) Fiscal 2018 and 2017 have been adjusted for our retrospective adoption of the new accounting standard Revenue from Contracts with Customers (ASC 606). Refer to Note 7 – Revenue of the Notes to Consolidated Financial Statements for details.
Table:
 | April 26, 2019 | April 27, 2018 (2) | April 28, 2017 (2) | April 29, 2016 | April 24, 2015
 |  |  |  | (In millions) | 
Cash, cash equivalents and short-term investments | $ 3,899 | $ 5,391 | $ 4,921 | $ 5,303 | $ 5,326
Working capital | $ 1,743 | $ 3,421 | $ 2,178 | $ 2,786 | $ 4,064
Total assets | $ 8,741 | $ 9,991 | $ 9,562 | $ 10,037 | $ 9,401
Total debt | $ 1,793 | $ 1,926 | $ 1,993 | $ 2,339 | $ 1,487
Total deferred revenue and financed unearned services revenue | $ 3,668 | $ 3,363 | $ 3,213 | $ 3,385 | $ 3,197
Total stockholders' equity | $ 1,090 | $ 2,276 | $ 2,949 | $ 2,881 | $ 3,414


Question: What years does the table provide information for total assets?
Answer: 2019, 2018, 2017, 2016, 2015