hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
NOTE 14 – EARNINGS (LOSS) PER SHARE
Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period plus the dilutive effect of outstanding stock options and restricted stock-based awards using the treasury stock method. The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share amounts):
All outstanding stock options and restricted stock-based awards in the amount of 1.0 million and 1.2 million, respectively, were excluded from the computation of diluted earnings per share for the fiscal year ended February 28, 2017 because the effect of inclusion would be antidilutive. Shares subject to anti-dilutive stock options and restricted stock-based awards of 1.9 million and 0.2 million for the fiscal years ended February 28, 2019 and 2018, respectively, were excluded from the calculations of diluted earnings per share for the years then ended.
We have the option to pay cash, issue shares of common stock or any combination thereof for the aggregate amount due upon conversion of the Notes. It is our intent to settle the principal amount of the convertible senior notes with cash, and therefore, we use the treasury stock method for calculating any potential dilutive effect of the conversion option on diluted net income (loss) per share. From the time of the issuance of the Notes, the average market price of our common stock has been less than the initial conversion price of the Notes, and consequently no shares have been included in diluted earnings per share for the conversion value of the Notes.
Table:
 |  | Year Ended February 28, | 
 | 2019 | 2018 | 2017
Net income (loss) | $18,398 | $16,617 | $(7,904)
Basic weighted average number of common shares outstanding | 34,589 | 35,250 | 35,917
Effect of stock options and restricted stock units computed on |  |  | 
treasury stock method | 705 | 889 | -
Diluted weighted average number of common shares outstanding | 35,294 | 36,139 | 35,917
Earnings (loss) per share: |  |  | 
Basic | $0.53 | $0.47 | $(0.22)
Diluted | $0.52 | $0.46 | $(0.22)


Question: How was basic earnings (loss) per share computed?
Answer: dividing net income (loss) by the weighted average number of common shares outstanding during the period
7 OTHER GAINS, NET
Note: (a) The disposal and deemed disposal gains of approximately RMB8,492 million recognised during the year ended 31 December 2019 mainly comprised the following:
– net gains of approximately RMB4,859 million (2018: RMB1,661 million) on dilution of the Group’s equity interests in certain associates due to new equity interests being issued by these associates (Note 21). These investee companies are principally engaged in Internet-related business; and
– aggregate net gains of approximately RMB3,633 million (2018: RMB1,271 million) on disposals, partial disposals or deemed disposals of various investments of the Group.
(b) Net fair value gains on FVPL of approximately RMB9,511 million (Note 24) recognised during the year ended 31 December 2019 mainly comprised the following:
– aggregate gains of approximately RMB1,886 million (2018: RMB22,215 million) arising from reclassification of several investments principally engaged in Internet-related business from FVPL to investments in associates due to the conversion of the Group’s redeemable instruments or preferred shares of these investee companies into their ordinary shares and the Group has board representation upon their respective initial public offerings (“IPO”); and
– net gains of approximately RMB7,625 million (2018: RMB6,523 million) from fair value changes of FVPL.
Table:
 | 2019 | 2018
 | RMB’Million | RMB’Million
Net gains on disposals and deemed disposals of investee companies (Note (a)) | 8,492 | 2,932
Net fair value gains on FVPL (Note (b)) | 9,511 | 28,738
Subsidies and tax rebates | 4,263 | 3,456
Impairment provision/(reversal) for investee companies and intangible assets arising from acquisitions (Note (c)) | (4,006) | (17,577)
Net fair value gains on other financial instruments (Note 27 and Note 38) | 1,647 | 1,019
Dividend income | 1,014 | 686
Donations to Tencent Charity Funds | (850) | (730)
Others | (382) | (1,810)
 | 19,689 | 16,714


Question: What is the change in subsidies and tax rebates from 2018 to 2019?
Answer: 807
Calculation: 4,263-3,456
Deferred tax assets (liabilities) consist of the following:
A valuation allowance has been provided based on the uncertainty of utilizing the tax benefits, mainly related to the following deferred tax assets: • $183.4 million of foreign items, primarily net operating losses; and • $7.7 million of state tax credits.
For the year ended December 31, 2019, the valuation allowance decreased by $20.8 million. This is primarily driven by our Reinvent SEE initiatives and decreases in foreign tax rates.
As of December 31, 2019, we have foreign net operating loss carryforwards of $899.4 million expiring in years beginning in 2020 with the majority of losses having an unlimited carryover. The state net operating loss carryforwards totaling $569.3 million expire in various amounts over 1 to 19 years.
Table:
 | December 31, | 
(In millions) | 2019 | 2018
Accruals not yet deductible for tax purposes | $ 17.4 | $ 17.5
Net operating loss carryforwards | 245.9 | 265.5
Foreign, federal and state credits | 8.4 | 10.4
Employee benefit items | 79.5 | 77.0
Capitalized expenses | 32.2 | 8.9
Intangibles | 21.8 | —
Derivatives and other | 47.7 | 38.0
Sub-total deferred tax assets | 452.9 | 417.3
Valuation allowance | (197.6) | (218.4)
Total deferred tax assets | $ 255.3 | $ 198.9
Depreciation and amortization | $ (37.0) | $ (26.8)
Unremitted foreign earnings | (10.0) | —
Intangible assets | — | (21.7)
Other | (0.4) | (0.4)
Total deferred tax liabilities | (47.4) | (48.9)
Net deferred tax assets | $ 207.9 | $ 150.0


Question: Of deferred tax assets, how much state tax credits were there?
Answer: $7.7 million
as of december 31 , 2006 , the company also leased an office and laboratory facility in connecticut , additional office , distribution and storage facilities in san diego , and four foreign facilities located in japan , singapore , china and the netherlands under non-cancelable operating leases that expire at various times through june 2011 . these leases contain renewal options ranging from one to five years . as of december 31 , 2006 , annual future minimum payments under these operating leases were as follows ( in thousands ) : .

Table:
2007 | 5320
2008 | 5335
2009 | 5075
2010 | 4659
2011 | 4712
2012 and thereafter | 12798
total | $ 37899
rent expense , net of amortization of the deferred gain on sale of property , was $ 4723041 , $ 4737218 , and $ 1794234 for the years ended december 31 , 2006 , january 1 , 2006 and january 2 , 2005 , respectively .
6 .
stockholders 2019 equity common stock as of december 31 , 2006 , the company had 46857512 shares of common stock outstanding , of which 4814744 shares were sold to employees and consultants subject to restricted stock agreements .
the restricted common shares vest in accordance with the provisions of the agreements , generally over five years .
all unvested shares are subject to repurchase by the company at the original purchase price .
as of december 31 , 2006 , 36000 shares of common stock were subject to repurchase .
in addition , the company also issued 12000 shares for a restricted stock award to an employee under the company 2019s new 2005 stock and incentive plan based on service performance .
these shares vest monthly over a three-year period .
stock options 2005 stock and incentive plan in june 2005 , the stockholders of the company approved the 2005 stock and incentive plan ( the 2005 stock plan ) .
upon adoption of the 2005 stock plan , issuance of options under the company 2019s existing 2000 stock plan ceased .
the 2005 stock plan provides that an aggregate of up to 11542358 shares of the company 2019s common stock be reserved and available to be issued .
in addition , the 2005 stock plan provides for an automatic annual increase in the shares reserved for issuance by the lesser of 5% ( 5 % ) of outstanding shares of the company 2019s common stock on the last day of the immediately preceding fiscal year , 1200000 shares or such lesser amount as determined by the company 2019s board of directors .
illumina , inc .
notes to consolidated financial statements 2014 ( continued ) .

Question: what percentage of annual future minimum payments under operating leases are due in 2008?
Answer: 14%
Calculation: divide(5335, 37899)
Figure 31. 2019/2021 LTIP Award Grants
(1) The number of Market-based PRSUs awarded is reflected at target. The final number of shares that may be earned will be 0% to 150% of target.
(2) Mr. Anstice did not participate in the 2019/2021 LTIP because he terminated his employment with the Company as of December 5, 2018.
The independent members of the Board consulted with the committee and the committee’s compensation consultant to determine the appropriate amount and vesting schedule for Mr. Archer’s award. The independent members of the Board, on December 6, 2018, granted to Mr. Archer a $5,000,000 equity award consisting of 50% service-based RSUs and 50% stock options with a four-year vesting schedule, as shown below. No adjustment was made at that time to his annual base salary or his target award opportunities under the AIP or LTIP. These were adjusted to be competitive with CEOs in our peer group as part of the normal annual compensation review in February 2019.
In light of Mr. Bettinger’s critical role, his expanded responsibilities, and the intense competition in the technology industry for proven CFO talent, he received a special equity award on November 30, 2018. The committee consulted with its compensation consultant and with the Board to determine the amount and vesting schedule for the award. The committee granted to Mr. Bettinger a one-time service-based restricted stock unit (RSU) award with a nominal value of $8,000,000 and a four-year vesting schedule, as shown below.
Table:
Named Executive Officer (1)(2) | Target Award Opportunity ($) | Market-based PRSUs Award (#) | Stock Options Award (#) | Service-based RSUs Award (#)
Timothy M. Archer | 7,200,000 | 21,243 | 33,988 | 12,746
Douglas R. Bettinger | 2,700,000 | 7,966 | 12,744 | 4,779
Richard A. Gottscho | 2,250,000 | 6,638 | 10,620 | 3,983
Patrick J. Lord | 1,800,000 | 5,310 | 8,496 | 3,186
Vahid Vahedi | 1,575,000 | 4,647 | 7,432 | 2,788
Seshasayee (Sesha) Varadarajan | 1,575,000 | 4,647 | 7,432 | 2,788


Question: What did the independent members of the Board grant Mr Archer on December 6, 2018?
Answer: a $5,000,000 equity award consisting of 50% service-based RSUs, 50% stock options with a four-year vesting schedule
Financial information of associates and joint ventures:
There is no individually significant associate or joint venture for the Company. For individually immaterial associates and joint ventures, the following tables summarize the amount recognized by the Company at its share of those associates and joint ventures separately.
When an associate or a joint venture is a foreign operation, and the functional currency of the foreign entity is different from the Company, an exchange difference arising from translation of the foreign entity will be recognized in other comprehensive income (loss).
Such exchange differences recognized in other comprehensive income (loss) in the financial statements for the years ended December 31, 2017, 2018 and 2019 were NT$45 million, NT$(16) million and NT$(9) million, respectively, which were not included in the following table.
The aggregate amount of the Company’s share of all its individually immaterial associates that are accounted for using the equity method was as follows:
Table:
 |  | For the years ended December 31, | 
 | 2017 | 2018 | 2019
 | $NT(In Thousands) | $NT (In Thousands) | $NT (In Thousands)
Profit (loss) from continuing operations | $77,589 | $(616,665) | $115,329
Post-tax profit from discontinued operations | 80,248 | — | —
Other comprehensive income (loss) | 526,773 | (82,871) | 873,308
Total comprehensive income (loss) | $684,610 | $(699,536) | $988,637


Question: What is the average Profit (loss) from continuing operations?
Answer: 269861
Calculation: (77,589+616,665+115,329) / 3
Cash and Cash Equivalents and Restricted Cash: Cash equivalents include short-term highly liquid investments and are classified as Level 1 in the fair value hierarchy described below. Restricted cash represents cash received from customers to settle invoices sold under accounts receivable purchase agreements that is contractually required to be set aside. The restrictions will lapse when the cash is remitted to the purchaser of the receivables. Restricted cash is also classified as Level 1 in the fair value hierarchy described below.
As of September 28, 2019 and September 29, 2018, cash and cash equivalents and restricted cash consisted of the following (in thousands):
Table:
 | 2019 | 2018
Cash | $85,688 | $99,197
Money market funds and other | 138,073 | 198,072
Restricted cash | 2,493 | 417
Total cash and cash equivalents and restricted cash | 226,254 | 297,686


Question: What was the percentage change in the Total cash and cash equivalents and restricted cash between 2018 and 2019?
Answer: -24
Calculation: (226,254-297,686)/297,686
Due To/From Related Parties, Net
Amounts due to and from related parties, net as of the periods presented consisted of the following (table in millions):
(1) Includes an immaterial amount related to our current operating lease liabilities due to related parties as of January 31, 2020.
We also recognized an immaterial amount related to non-current operating lease liabilities due to related parties. This amount has been included in operating lease liabilities on the consolidated balance sheet as of January 31, 2020.
Amounts included in due from related parties, net, excluding DFS and tax obligations, includes the current portion of amounts due to and due from related parties. Amounts included in due from related parties, net are generally settled in cash within 60 days of each quarter-end.
Table:
 | January 31, 2020 | February 1, 2019
Due from related parties, current | $1,618 | $1,248
Due to related parties, current(1) | 161 | 158
Due from related parties, net, current | $1,457 | $1,090


Question: What did amounts due to related parties, current include?
Answer: an immaterial amount related to our current operating lease liabilities due to related parties as of January 31, 2020
5.2 Key Management Personnel Compensation
Notes: (1) Comprise base salary, bonus, contributions to defined contribution plans and other benefits, but exclude performance share and share option expenses disclosed below.
(2) The Group Chief Executive Officer, an executive director of Singtel, was awarded up to 1,030,168 (2018: 1,712,538) ordinary shares of Singtel pursuant to Singtel performance share plans, subject to certain performance criteria including other terms and conditions being met. The performance share award in the previous financial year included a one-off Special Share Award (“SSA”). The performance share expense computed in accordance with SFRS(I) 2, Share-based Payment, was S$1.5 million (2018: S$3.3 million).
(3) The other key management personnel of the Group comprise the Chief Executive Officers of Consumer Singapore, Consumer Australia, Group Enterprise, Group Digital Life and International Group, as well as the Group Chief Corporate Officer, Group Chief Financial Officer, Group Chief Human Resources Officer, Group Chief Information Officer and Group Chief Technology Officer. The other key management personnel were awarded up to 3,537,119 (2018: 4,391,498) ordinary shares of Singtel pursuant to Singtel performance share plans, subject to certain performance criteria including other terms and conditions being met. The performance share award in the previous financial year included a one-off SSA. The performance share expense computed in accordance with SFRS(I) 2 was S$6.1 million (2018: S$8.5 million).
(4) Directors’ remuneration comprises the following: (i) Directors’ fees of S$2.7 million (2018: S$2.5 million), including fees paid to certain directors in their capacities as members of the Optus Advisory Committee and the Technology Advisory Panel, and as director of Singtel Innov8 Pte. Ltd. (ii) Car-related benefits of the Chairman of S$24,557 (2018: S$20,446). In addition to the Directors’ remuneration, Venkataraman Vishnampet Ganesan, a non-executive director of Singtel, was awarded 831,087 (2018: Nil) of share options pursuant to the Amobee Long-Term Incentive Plan during the financial year, subject to certain terms and conditions being met. The share option expense computed in accordance with SFRS(I) 2 was S$104,278 (2018: S$21,607).
Table:
 |  | Group
 | 2019 | 2018
 | S$ Mil | S$ Mil
Key management personnel compensation (1) |  | 
Executive director (2) | 3.5 | 6.1
Other key management personnel (3) | 15.9 | 22.4
 | 19.4 | 28.5
Directors' remuneration (4) | 2.7 | 2.5
 | 22.1 | 31.0


Question: What does directors' remuneration comprise of?
Answer: Directors’ fees, Car-related benefits of the Chairman
Summary Disclosures about Contractual Obligations and Commercial Commitments
Our material capital commitments consist of obligations under facilities and operating leases. Some of these leases have free or escalating rent payment provisions. We recognize rent expense under leases on a straight-line basis. We anticipate that we will experience an increase in our capital expenditures and lease commitments as a result of our anticipated growth in operations, infrastructure, personnel and resources devoted to building our brand name.
The following table summarizes our obligations as of March 31, 2019 (dollars in thousands):
We generally do not enter into binding purchase obligations. The purchase obligations above relate primarily to marketing and IT services. The contractual obligations table above excludes unrecognized tax benefits, plus related interest and penalties totaling $1.1 million because we cannot reasonably estimate in which future periods these amounts will ultimately be settled.
We have certain software royalty commitments associated with the shipment and licensing of certain products. Royalty expense is generally based on a fixed cost per unit shipped or a fixed fee for unlimited units shipped over a designated period. Royalty expense, included in cost of software and products revenues was $12.3 million in fiscal 2019 and $4.5 million million in fiscal 2018.
We offer a 90-day limited product warranty for our software. To date, costs relating to this product warranty have not been material.
Table:
 |  |  | Payments Due by Period |  | 
 | Total | Less Than 1 Year | 2-3 Years | 4-5 Years | More Than 5 Years
Operating lease obligations | $23,673 | $9,008 | $10,907 | $2,827 | $931
Purchase obligations | 20,520 | 16,748 | 3,669 | 103 | —
Total | $44,193 | $25,756 | $14,576 | $2,930 | $931


Question: How much less operating lease obligations than purchase obligations does the company have due in less than 1 year?
Answer: 7740
Calculation: 16,748-9,008
Under Article 35 of our Articles of Association, our financial year extends from January 1 to December 31, which is the period end of each fiscal year. In 2019, the first quarter ended on March 30, the second quarter ended on June 29, the third quarter ended on September 28 and the fourth quarter ended on December 31.
In 2020, the first quarter will end on March 28, the second quarter will end on June 27, the third quarter will end on September 26 and the fourth quarter will end on December 31.
Based on our fiscal calendar, the distribution of our revenues and expenses by quarter may be unbalanced due to a different number of days in the various quarters of the fiscal year and can also differ from equivalent prior years’ periods, as illustrated in the below table for the years 2018, 2019 and 2020.
Table:
 | Q1 | Q2 | Q3 | Q4
 | Days | Days | Days | Days
2018 | 90 | 91 | 91 | 93
2019 | 89 | 91 | 91 | 94
2020 | 88 | 91 | 91 | 96


Question: In 2019, when did the first quarter ended?
Answer: March 30
Cubic Global Defense
Sales: CGD sales decreased 2% to $317.9 million in 2019 compared to $325.2 million in 2018. The timing of sales recognition was impacted by the adoption of ASC 606. Under ASC 606, a number of our CGD contracts, most significantly in air combat training and ground live training, for which revenue was historically recorded upon delivery of products to the customer, are now accounted for on the percentage-of-completion cost-to-cost method of revenue recognition. For fiscal 2019, sales were lower from air combat training systems, simulation product development contracts, and international services contracts, partially offset by higher sales from ground combat training systems. The average exchange rates between the prevailing currencies in our foreign operations and the U.S. dollar resulted in a decrease in CGD sales of $3.2 million for 2019 compared to 2018.
Amortization of Purchased Intangibles: Amortization of purchased intangibles included in the CGD results amounted to $0.6 million in 2019 and $1.1 million in 2018.
Operating Income: CGD operating income increased by 39% to $23.0 million in 2019 compared to $16.6 million in 2018. For fiscal 2019, operating profits improved primarily due to the results of cost reduction efforts, including headcount reductions designed to optimize our cost position, and reduced R&D expenditures. Operating profits were higher from increased sales of ground combat training system sales but were lower on decreased sales from air combat training systems, simulation product development contracts, and international services contracts. The average exchange rates between the prevailing currency in our foreign operations and the U.S. dollar had no significant impact on CGD operating income between 2018 and 2019.
Adjusted EBITDA: CGD Adjusted EBITDA was $32.8 million in 2019 compared to $26.3 million in 2018. The increase in Adjusted EBITDA was primarily driven by the same factors that drove the increase in operating income described above. Adjusted EBITDA for CGD increased by $3.1 million in 2019 as a result of the adoption of the new revenue recognition standard.
Table:
 | Fiscal 2019 | Fiscal 2018 | % Change
 |  | (in millions) | 
Sales | $  317.9 | $  325.2 | (2)%
Operating income | 23.0 | 16.6 | 39
Adjusted EBITDA | 32.8 | 26.3 | 25


Question: What resulted in the improvement in operating profits?
Answer: primarily due to the results of cost reduction efforts, including headcount reductions designed to optimize our cost position, and reduced R&D expenditures, increased sales of ground combat training system sales