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


Question: Which current executives have a STI target bonus percentage of 120%?
Answer: Indraneel Dev, Stacey W. Goff
NOTE 10 – COMMON STOCK PURCHASE WARRANTS
Our warrant activity during the years ended December 31, 2019 and 2018 is shown below (in thousands except price data):
In connection with the issuance of the $10.0 million secured promissory notes in December 2013, we issued common stock purchase warrants (“warrants”) exercisable for 60 thousand shares of our common stock having an exercise price of $2.52 per share (after giving effect to our one-for-five reverse stock split) with an expiration date in December 2020. These warrants contain a cashless exercise feature (See Note 7).
As part of our July 2017 private placement transaction with Mr. Schutte, we issued warrants to purchase 1,782,531 shares of our common stock. The warrants are immediately exercisable at a price of $0.528 per share and expire five years after issuance (See Note 8). We have assigned a relative fair value of $495 thousand to the warrants out of the total $4.0 million proceeds from the private placement transaction and have accounted for these warrants as equity.
On June 28, 2019 as part of the changes made to the loan agreements we had with Mr. Schutte, each having an original due date of January 2, 2020, we issued to him a warrant to purchase 10.0 million shares of our common stock exercisable at a price of $0.01 per share and expire five years after issuance. We obtained a valuation of fair value on the warrant and $1.145 million was allocated to the warrant and accounted for as equity. (see Note 7 and Note 8). The warrant was assigned and transferred by Mr. Schutte to AD Pharma on June 28, 2019.
Table:
 |  |  | December 31, | 
 |  | 2019 |  | 2018
 |  | WAvg |  | WAvg
 |  | Exercise |  | Exercise
 | Number | Price | Number | Price
Outstanding, Jan. 1 | 1,842 | $0.59 | 1,842 | $0.59
Issued | 10,000 | 0.01 | - | -
Exercised | - | - | - | -
Expired | - | - | - | -
Modification | - | - | - | -
Outstanding, Dec. 31 | 11,842 | 0.10 | 1,842 | $0.59


Question: How many common shares were purchased in July 2017?
Answer: As part of our July 2017 private placement transaction with Mr. Schutte, we issued warrants to purchase 1,782,531 shares of our common stock.
Recently Adopted Accounting Pronouncements
On April 1, 2018, the Company adopted ASU 2014-09-Revenue from Contracts with Customers (ASC 606) and all related amendments (“New Revenue Standard”) using the modified retrospective method. The Company has applied the new revenue standard to all contracts that were entered into after adoption and to all contracts that were open as of the initial date of adoption. The Company recognized the cumulative effect of initially applying the new revenue standard as an adjustment to the opening balance of retained earnings. The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. The adoption of the new standard impacts the Company's net sales on an ongoing basis depending on the relative amount of revenue sold through its distributors, the change in inventory held by its distributors, and the changes in price concessions granted to its distributors. Previously, the Company deferred revenue and cost of sales on shipments to distributors until the distributor sold the product to their end customer. As required by the new revenue standard, the Company no longer defers revenue and cost of sales, but rather, estimates the effects of returns and allowances provided to distributors and records revenue at the time of sale to the distributor. Sales to non-distributor customers, under both the previous and new revenue standards, are generally recognized upon the Company’s shipment of the product. The cumulative effect of the changes made to the consolidated April 1, 2018 balance sheet for the adoption of the new revenue standard is summarized in the table of opening balance sheet adjustments below. In accordance with the new revenue standard requirements, the disclosure of the impact of adoption on the consolidated income statement and balance sheet for the period ended March 31, 2019 was as follows (in millions):
The significant changes in the financial statements noted in the table above are primarily due to the transition from sellthrough revenue recognition to sell-in revenue recognition as required by the New Revenue Standard, which eliminated the balance of deferred income on shipments to distributors, significantly reduced accounts receivable, and significantly increased retained earnings. Prior to the acquisition of Microsemi, Microsemi already recognized revenue on a sell-in basis, so the impact of the adoption of the New Revenue Standard was primarily driven by Microchip's historical business excluding Microsemi.
Table:
 |  | For the year ended March 31, 2019 | 
Income Statement | As reported | Balances without adoption of New Revenue Standard | Effect of Change Higher / (Lower)
Net sales | $5,349.5 | $5,380.1 | $(30.6)
Cost of sales | $2,418.2 | $2,434.0 | $(15.8)
Gross profit | $2,931.3 | $2,946.1 | $(14.8)
Income before income taxes | $204.5 | $219.3 | $(14.8)
Income tax (benefit) provision | $(151.4) | $(149.0) | $(2.4)
Net income from continuing operations | $355.9 | $368.3 | $(12.4)


Question: What was the change in cost of sales due to the standard?
Answer: (15.8)
Information about Contract Balances
Amounts collected in advance of services being provided are accounted for as deferred revenue. Nearly all of the Company's deferred revenue balance is related to services revenue, primarily customer support contracts.
In some arrangements the Company allows customers to pay for term based software licenses and products over the term of the software license. Amounts recognized as revenue in excess of amounts billed are recorded as unbilled receivables. Unbilled receivables which are anticipated to be invoiced in the next twelve months are included in Accounts receivable on the consolidated balance sheet. Long term unbilled receivables are included in Other assets. The opening and closing balances of the Company’s accounts receivable, unbilled receivables, and deferred revenues are as follows:
The increase in accounts receivable is primarily a result of an increase in subscription software transactions that are recognized as revenue at the time of sale but paid for over time. The net increase in deferred revenue is primarily the result of an increase in deferred customer support revenue related to software and products revenue transactions and customer support renewals during fiscal 2019.
The amount of revenue recognized in the period that was included in the opening deferred revenue balance was $238,603 for the year ended March 31, 2019. The vast majority of this revenue consists of customer support arrangements. The amount of revenue recognized from performance obligations satisfied in prior periods was not material.
Notes to Consolidated Financial Statements — (Continued) (In thousands, except per share data)
Table:
 | Accounts Receivable | Unbilled Receivable (current) | Unbilled Receivable (long-term) | Deferred Revenue (current) | Deferred Revenue (long-term)
Opening Balance as of March 31, 2018 | $152,219 | $9,900 | $4,380 | $241,113 | $84,661
Increase/(decrease), net | 9,351 | 5,366 | 2,836 | (2,674) | 14,596
Ending Balance as of March 31, 2019 | $161,570 | $15,266 | $7,216 | $238,439 | $99,257


Question: From March 2018 to March 2019, amongst the company's accounts receivable, unbilled receivables (current and long-term), and deferred revenues (current and long-term), how many categories saw a net increase?
Answer: 4
Calculation: Accounts Receivable ## Unbilled Receivable (current) ## Unbilled Receivable (long-term) ##Deferred Revenue (long-term)
ADVANCED ENERGY INDUSTRIES, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued)
(in thousands, except per share amounts)
In 2019, Advanced Energy finalized the assessment of fair value for the assets acquired and liabilities assumed related to the LumaSense acquisition. The following table summarizes the fair values of the assets acquired and liabilities assumed from the LumaSense acquisition, including measurement period adjustments.
During 2019, we adjusted the estimated values of the assets acquired and liabilities assumed based upon the final valuation report. These adjustments included additional liabilities, changes to deferred taxes and changes in the allocation of excess purchase price between goodwill and intangibles.
Table:
 | Preliminary: December 31, 2018 | Measurement Period Adjustments | Adjusted: December 31, 2019
Accounts and other receivable, net | $  7,167 | $ - | $  7,167
Inventories | 9,372 | - | 9,372
Property and equipment | 1,353 | - | 1,353
Goodwill | 48,032 | (11,774) | 36,258
Intangible assets | 26,000 | 17,240 | 43,240
Deferred income tax assets | 8,116 | (1,785) | 6,331
Other assets | 5,126 | 878 | 6,004
Total assets acquired | 105,166 | 4,559 | 109,725
Accounts payable | 5,734 | - | 5,734
Deferred income tax liabilities | 7,984 | 3,715 | 11,699
Other liabilities | 6,764 | 844 | 7,608
Total liabilities assumed | 20,482 | 4,559 | 25,041
Total fair value of net assets acquired | $  84,684 | $  - | $  84,684


Question: What was the percentage change in the fair value of intangible assets between 2018 and 2019?
Answer: 66.31
Calculation: (43,240-26,000)/26,000
Net Sales
Market Application
The following table sets forth, for the periods indicated, the amount of net sales and their relative
percentages of total net sales by market application (dollars in thousands):
During fiscal 2019, net sales decreased by $471.9 million, or 25%, compared to fiscal 2018, with decreases in the microelectronics and materials processing markets, partially offset by increases in the OEM components and instrumentation market. Ondax, which we acquired on October 5, 2018, contributed $6.4 million in incremental net sales to the materials processing market in the ILS segment in fiscal 2019. In fiscal 2019, we continued to experience weaker demand in the microelectronics and materials processing markets. Entering fiscal 2020, we have started seeing indications which could lead to increased future demand in the microelectronics flat panel display market, but this is balanced by possible continuing headwinds in the global materials processing industry.
Table:
 | Fiscal 2019 |  | Fiscal 2018 | 
 | Amount | Percentage of total net sales | Amount | Percentage of total net sales
Microelectronics | $632,176 | 44.2% | $1,036,354 | 54.5%
Materials processing | 404,878 | 28.3% | 520,904 | 27.4%
OEM components and instrumentation | 266,788 | 18.6% | 220,823 | 11.6%
Scientific and government programs | 126,798 | 8.9% | 124,492 | 6.5%
Total | $1,430,640 | 100.0% | $1,902,573 | 100.0%


Question: What was the percentage change in the amount of OEM components and instrumentation in 2019 from 2018?
Answer: 20.82
Calculation: (266,788-220,823)/220,823
Note 7. Prepaid Expenses and Other Current Assets and Accrued and Other Current Liabilities
Prepaid expenses and other current assets as of December 31, 2019 and 2018 consisted of the following:
Table:
December 31, |  | 
 | 2019 | 2018
Prepaid expenses | $1,948 | $1,179
Securities litigation insurance receivable | 16,627 | 306
Other current assets | 1,556 | 2,865
Prepaid expenses and other current assets | $20,131 | $4,350


Question: What are the respective prepaid expenses in 2018 and 2019?
Answer: $1,179, $1,948
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in millions):
As of April 26, 2019, we had $296 million of gross unrecognized tax benefits, of which $252 million has been recorded in other long-term liabilities. Unrecognized tax benefits of $246 million, including penalties, interest and indirect benefits, would affect our provision for income taxes if recognized. As a result of U.S. tax reform, we recorded provisional gross unrecognized tax benefits of $114 million during fiscal 2018.
We recognized a benefit for adjustments to accrued interest and penalties related to unrecognized tax benefits in the income tax provision of approximately $4 million in fiscal 2019 and expense of $5 million in each of fiscal 2018 and 2017. Accrued interest and penalties of $18 million and $22 million were recorded in the consolidated balance sheets as of April 26, 2019 and April 27, 2018, respectively.
Table:
 |  | Year Ended | 
 | April 26, 2019 | April 27, 2018 | April 28, 2017
Balance at beginning of period | $ 348 | $ 218 | $ 216
Additions based on tax positions related to the current year | 11 | 131 | 7
Additions for tax positions of prior years | 26 | — | 7
Decreases for tax positions of prior years | (35 ) | (1 ) | —
Settlements | (54 ) | — | (12 )
Balance at end of period | $ 296 | $ 348 | $ 218


Question: What was the change in the Balance at beginning of period between 2017 and 2018?
Answer: 2
Calculation: 218-216
Share-based payments expense for the period was $62,028,117 (2018: $57,710,434).
The variables in the table below are used as inputs into the model to determine the fair value of performance rights.
(1) Grant date represents the offer acceptance date.
(2) The expected volatility is based on the historical implied volatility calculated based on the weighted average remaining life of the performance rights adjusted for any expected changes to future volatility due to publicly available information.
Table:
 | 2019 | 2018
 | F19 LTI | F18 LTI
Grant date (1) | 30 Nov 2018 | 31 Oct 2017
Performance period start date | 1 Jul 2018 | 1 Jul 2017
Exercise date | 1 Jul 2021 | 1 Jul 2020
Expected volatility (2) | 15.0% | 16.0%
Expected dividend yield | 4.0% | 4.0%
Risk-free interest rate | 2.1% | 1.9%
Weighted average fair value at grant date | $24.63 | $20.23


Question: What was the share-based payments expense in 2018?
Answer: $57,710,434
issuer purchases of equity securities during the three months ended december 31 , 2010 , we repurchased 1460682 shares of our common stock for an aggregate of $ 74.6 million , including commissions and fees , pursuant to our publicly announced stock repurchase program , as follows : period total number of shares purchased ( 1 ) average price paid per share total number of shares purchased as part of publicly announced plans or programs approximate dollar value of shares that may yet be purchased under the plans or programs ( in millions ) .

Table:
period | total number of shares purchased ( 1 ) | average price paid per share | total number of shares purchased as part of publicly announced plans or programs | approximate dollar value of shares that may yet be purchasedunder the plans or programs ( in millions )
october 2010 | 722890 | $ 50.76 | 722890 | $ 369.1
november 2010 | 400692 | $ 51.81 | 400692 | $ 348.3
december 2010 | 337100 | $ 50.89 | 337100 | $ 331.1
total fourth quarter | 1460682 | $ 51.08 | 1460682 | $ 331.1
( 1 ) repurchases made pursuant to the $ 1.5 billion stock repurchase program approved by our board of directors in february 2008 ( the 201cbuyback 201d ) .
under this program , our management is authorized to purchase shares from time to time through open market purchases or privately negotiated transactions at prevailing prices as permitted by securities laws and other legal requirements , and subject to market conditions and other factors .
to facilitate repurchases , we make purchases pursuant to trading plans under rule 10b5-1 of the exchange act , which allows us to repurchase shares during periods when we otherwise might be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods .
this program may be discontinued at any time .
subsequent to december 31 , 2010 , we repurchased 1122481 shares of our common stock for an aggregate of $ 58.0 million , including commissions and fees , pursuant to the buyback .
as of february 11 , 2011 , we had repurchased a total of 30.9 million shares of our common stock for an aggregate of $ 1.2 billion , including commissions and fees pursuant to the buyback .
we expect to continue to manage the pacing of the remaining $ 273.1 million under the buyback in response to general market conditions and other relevant factors. .

Question: what portion of total shares repurchased in the fourth quarter of 2010 occurred during october?
Answer: 49.5%
Calculation: divide(722890, 1460682)
(4) Goodwill, Customer Relationships and Other Intangible Assets
Goodwill, customer relationships and other intangible assets consisted of the following:
Our goodwill was derived from numerous acquisitions where the purchase price exceeded the fair value of the net assets acquired (including the acquisition described in Note 2—Acquisition of Level 3). As of December 31, 2019, the weighted average remaining useful lives of the intangible assets were approximately 8 years in total, approximately 9 years for customer relationships, 4 years for capitalized software and 3 years for trade names.
Total amortization expense for intangible assets for the years ended December 31, 2019, 2018 and 2017 was $1.7 billion, $1.8 billion and $1.2 billion, respectively. As of December 31, 2019, the gross carrying amount of goodwill, customer relationships, indefinite-life and other intangible assets was $44.0 billion.
Table:
 | As of December 31 | 
 | 2019 | 2018
 | (Dollars in million) | 
Goodwill | $21,534 | 28,031
Customer relationships, less accumulated amortization of $9,809 and $8,492 | $7,596 | 8,911
Indefinite-life intangible assets | $269 | 269
Other intangible assets subject to amortization: |  | 
Capitalized software, less accumulated amortization of $2,957 and $2,616 | $1,599 | 1,468
Trade names, less accumulated amortization of $91 and $61 | 103 | 131
Total other intangible assets, net | $1,971 | 1,868


Question: What was the gross carrying amount of goodwill, customer relationships, indefinite-life and other intangible assets as of December 31, 2019?
Answer: $44.0 billion
entergy corporation and subsidiaries management 2019s financial discussion and analysis the miso deferral variance is primarily due to the deferral in 2014 of non-fuel miso-related charges , as approved by the lpsc and the mpsc . the deferral of non-fuel miso-related charges is partially offset in other operation and maintenance expenses . see note 2 to the financial statements for further discussion of the recovery of non-fuel miso-related charges . the waterford 3 replacement steam generator provision is due to a regulatory charge of approximately $ 32 million recorded in 2015 related to the uncertainty associated with the resolution of the waterford 3 replacement steam generator project . see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding . entergy wholesale commodities following is an analysis of the change in net revenue comparing 2015 to 2014 . amount ( in millions ) .

Table:
 | amount ( in millions )
2014 net revenue | $ 2224
nuclear realized price changes | -310 ( 310 )
vermont yankee shutdown in december 2014 | -305 ( 305 )
nuclear volume excluding vermont yankee effect | 20
other | 37
2015 net revenue | $ 1666
as shown in the table above , net revenue for entergy wholesale commodities decreased by approximately $ 558 million in 2015 primarily due to : 2022 lower realized wholesale energy prices , primarily due to significantly higher northeast market power prices in 2014 , and lower capacity prices in 2015 ; and 2022 a decrease in net revenue as a result of vermont yankee ceasing power production in december 2014 .
the decrease was partially offset by higher volume in the entergy wholesale commodities nuclear fleet , excluding vermont yankee , resulting from fewer refueling outage days in 2015 as compared to 2014 , partially offset by more unplanned outage days in 2015 as compared to 2014. .

Question: what percent of the decline in net revenue is attributed to the variance in nuclear realized price?
Answer: 55.6%
Calculation: divide(310, 558)
C. Remuneration to Key Managerial Personnel other than MD / Manager / WTD
Note: For more information, please refer to the Corporate Governance Report.
Table:
Particulars of Remuneration | Key Managerial Personnel |  | 
 | Ramakrishnan V Chief Financial Officer | Rajendra Moholkar Company Secretary | Total
1. Gross salary |  |  | 
(a) Salary as per provisions contained in Section 17(1) of the Income-tax Act, 1961 | 72.06 | 21.66 | 93.72
(b) Value of perquisites u/s 17(2) of the Income-tax Act, 1961 | 43.54 | 1.20 | 44.74
(c) Profits in lieu of salary under Section 17(3) of the Income-tax Act, 1961 | - | - | -
2. Stock Option | - | - | -
3. Sweat Equity | - | - | -
4. Commission | - | - | -
as % of profit | - | - | -
5. Others, Allowances | 297.47 | 117.29 | 414.76
Total | 413.07 | 140.15 | 553.22


Question: What is the difference in total gross salary of the CFO and Company Secretary?
Answer: 92.74
Calculation: 72.06+43.54-21.66-1.2