hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
1.25% Notes Embedded Cash Conversion Option
The embedded cash conversion option within the 1.25% Notes is required to be separated from the 1.25% Notes and accounted for separately as a derivative liability, with changes in fair value recognized immediately in our consolidated statements of operations in Other income (loss), net until the cash conversion option settles or expires.
The initial fair value liability of the embedded cash conversion option was $82.8 million, which simultaneously reduced the carrying value of the 1.25% Notes (effectively an original issuance discount). The embedded cash conversion option is measured and reported at fair value on a recurring basis within Level 3 of the fair value hierarchy. For further discussion of the inputs used to determine the fair value of the embedded cash conversion option, refer to Note 1, “Basis of Presentation and Significant Accounting Policies.”
The following table shows the net impact of the changes in fair values of the 1.25% Call Option and 1.25% Notes embedded cash conversion option in the consolidated statements of operations:
Table:
 |  | Year Ended December 31, | 
(In thousands) | 2019 | 2018 | 2017
1.25% Call Option | $ (9,020) | $ (37,474) | $ 29,498
1.25% Embedded cash conversion option | 9,789 | 37,803 | (30,118)
Net (loss) income included in other income, net | $ 769 | $ 329 | $ (620)


Question: What is the average 1.25% Embedded cash conversion option between 2017-2019?
Answer: 5824.67
Calculation: (9,789 + 37,803 - 30,118) / 3
6. Inventories
Inventories at April 30, 2019 and 2018, respectively, consisted of the following (in thousands):
For the year ended April 30, 2018, the Company recorded a non-cash write-down of approximately $5.6 million of inventory. Inventory write-down resulted from two principal factors: (1) adoption by satellite manufacturers of policies precluding the use of parts and components over ten years old. This policy was unanticipated and resulted in reduced likelihood of FEI being able to use inventory that exceeds that threshold, and (2) changing technology associated with the advanced analog-to-digital converters which enables direct synthesis of certain frequencies for which FEI previously provided frequency conversion technology, reducing the likelihood that some parts and components associated with frequency conversion will be usable. Additionally, the Company’s new inventory reserve policy resulted in a charge of $1.1 million in the fiscal year ended April 30, 2019. Inventory reserves included in inventory were $6.6 million and $5.5 million for the fiscal years ended April 30, 2019 and 2018, respectively.
Table:
 | 2019 | 2018
Raw Materials and Component Parts | $11,600 | $ 16,206
Work in Progress | 8,896 | 8,216
Finished Goods | 2,860 | 1,764
 | $23,356 | $ 26,186


Question: What is the amount of raw materials and component parts in 2019 and 2018 respectively?
Answer: $11,600, $ 16,206
BIG W’s Store‐controllable VOC and VOC NPS improved on the prior year with higher customer scores translating into sales, with an increase in F19 of 4.2% on a normalised basis to $3.8 billion. Comparable sales increased by 5.3% in F19 and 7.2% in Q4 (Easter‐adjusted) with growth in all customer universes.
BIG W’s growth continues to be driven by an increase in customer transactions (F19: 4.0%) and customers increasingly putting more items in their baskets with comparable items per basket growth of 4.4%. Together this drove comparable item growth of 8.6%. Excluding reusable bags, comparable items increased by 5.2%.
With BIG W’s turnaround gaining momentum, and to build a sustainable network for the future, a store and DC network review was announced in April. BIG W intends to close approximately 30 stores over the next three years and two distribution centres at the end of their leases. The review of the store network is ongoing, with three stores recently announced to be closed in F20.
BIG W has remained price competitive, improved ranges and built a convenient online and in‐store experience in F19.
Normalised Online sales increased by 128% in F19 with Pick up consistently delivering strong sales growth. Apparel, which has been more challenging, improved steadily through H2 due to a focus on range, stock flow and in‐store execution.
Normalised gross profit declined 49 bps for F19 reflecting continued challenges in stockloss as well as slow sell‐through of seasonal apparel in H1. Category mix improved in H2 with improved apparel sell‐through.
Normalised CODB declined 132 bps resulting from store efficiencies and sales growth fractionalising fixed costs.
The LBIT of $85 million before significant items excludes a $371 million charge identified as part of the network review.
Funds employed declined primarily due to significant items provisions. Inventory quality has improved as a result of solid sales and improved apparel sell‐through in H2.
In F20, BIG W will focus on creating a sustainable business that is simpler to operate, and continue providing customers with low prices and more convenient, connected solutions in‐store and online.
Table:
 | F19 | F18 |  | CHANGE
$ MILLION | 53 WEEKS | 52 WEEKS | CHANGE | NORMALISED
Sales | 3,797 | 3,566 | 6.5% | 4.2%
LBITDA before |  |  |  | 
significant items | (5) | (30) | (82.2)% | (88.7)%
Depreciation and amortisation | (80) | (80) | 0.7% | 0.7%
LBIT before significant items | (85) | (110) | (22.2)% | (24.0)%
Significant items | (371) | – | n.m. | n.m.
LBIT after significant items | (456) | (110) | 315.5% | 313.7%
Gross margin (%) | 31.1 | 31.7 | (59) bps | (49) bps
Cost of doing business (%) | 33.4 | 34.8 | (142) bps | (132) bps
LBIT 2 to sales (%) | (2.3) | (3.1) | 83 bps | 84 bps
Sales per square metre ($)$) | 3,629 | 3,369 | 7.7% | 5.4%
Funds employed | 204 | 502 | (59.4)% | 
ROFE (%) | (23.0) | (23.3) | 24 bps | 77 bps


Question: Why did the funds employed declined?
Answer: Funds employed declined primarily due to significant items provisions.
5. Creditors
Accounting policies
Capital market and bank borrowings
Interest-bearing loans and overdrafts are initially measured at fair value (which is equal to cost at inception) and are subsequently measured at amortised cost using the effective interest rate method, except where they are identified as a hedged item in a designated hedge relationship. Any difference between the proceeds net of transaction costs and the amount due on settlement or redemption of borrowings is recognised over the term of the borrowing
Notes: 1 Amounts owed to subsidiaries are unsecured, have no fixed date of repayment and are repayable on demand.
Included in amounts falling due after more than one year are other loans of €31,157 million which are due in more than five years from 1 April 2019 and are payable otherwise than by instalments. Interest payable on these loans ranges from 0.375% to 7.875%.
Details of bond and other debt issuances are set out in note 20 “Borrowing and capital resources” in the consolidated financial statements
Table:
 | 2019 | 2018
 | €m | €m
Amounts falling due within one year: |  | 
Bank loans and other loans | 4,835 | 8,367
Amounts owed to subsidiaries1 | 232,896 | 220,625
Derivative financial instruments | 463 | 229
Taxation payable | – | 9
Other creditors | 945 | 120
Accruals and deferred income | 66 | 46
 | 239,205 | 229,396
Amounts falling due after more than one year: |  | 
Deferred tax | 17 | –
Other loans | 46,208 | 32,199
Derivative financial instruments | 1,924 | 2,133
 | 48,149 | 34,332


Question: Which year has a higher amount of bank loans and other loans under amounts falling due within one year?
Answer: 2018
Calculation: 8,367 > 4,835
j a c k h e n r y . c o m 1 5 market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the company 2019s common stock is quoted on the nasdaq global select market ( 201cnasdaq 201d ) under the symbol 201cjkhy 201d . the company established a practice of paying quarterly dividends at the end of fiscal 1990 and has paid dividends with respect to every quarter since that time . the declaration and payment of any future dividends will continue to be at the discretion of our board of directors and will depend upon , among other factors , our earnings , capital requirements , contractual restrictions , and operating and financial condition . the company does not currently foresee any changes in its dividend practices . on august 15 , 2019 , there were approximately 145300 holders of the company 2019s common stock , including individual participants in security position listings . on that same date the last sale price of the common shares as reported on nasdaq was $ 141.94 per share . issuer purchases of equity securities the following shares of the company were repurchased during the quarter ended june 30 , 2019 : total number of shares purchased ( 1 ) average price of 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 ) .

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 | 2014 | $ 2014 | 2014 | 3732713
may 1- may 31 2019 | 250000 | $ 134.35 | 250000 | 3482713
june 1- june 30 2019 | 2014 | $ 2014 | 2014 | 3482713
total | 250000 | $ 134.35 | 250000 | 3482713
( 1 ) 250000 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 2019s 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. .

Question: what percent of the total years repurchases were done in the period from may 1- may 31 2019?
Answer: 100%
Calculation: divide(250000, 250000)
OTHER INCOME (EXPENSE), NET
The components of other income (expense), net were as follows:
We use derivative instruments to: manage risks related to foreign currencies, equity prices, interest rates, and credit; enhance investment returns; and facilitate portfolio diversification. Gains and losses from changes in fair values of derivatives that are not designated as hedging instruments are primarily recognized in other income (expense), net.
Fiscal Year 2019 Compared with Fiscal Year 2018 Interest and dividends income increased primarily due to higher yields on fixed-income securities. Interest expense decreased primarily driven by a decrease in outstanding long-term debt due to debt maturities, offset in part by higher finance lease expense. Net recognized gains on investments decreased primarily due to lower gains on sales of equity investments. Net gains on derivatives includes gains on foreign exchange and interest rate derivatives in the current period as compared to losses in the prior period.
Fiscal Year 2018 Compared with Fiscal Year 2017 Dividends and interest income increased primarily due to higher average portfolio balances and yields on fixed-income securities. Interest expense increased primarily due to higher average outstanding long-term debt and higher finance lease expense. Net recognized gains on investments decreased primarily due to higher losses on sales of fixed-income securities, offset in part by higher gains on sales of equity securities. Net losses on derivatives decreased primarily due to lower losses on equity, foreign exchange, and commodity derivatives, offset in part by losses on interest rate derivatives in the current period as compared to gains in the prior period.
Table:
(In millions) |  |  | 
Year Ended June 30, | 2019 | 2018 | 2017
Interest and dividends income | $    2,762 | $    2,214 | $   1,387
Interest expense | (2,686) | (2,733) | (2,222)
Net recognized gains on investments | 648 | 2,399 | 2,583
Net gains (losses) on derivatives | 144 | (187) | (510)
Net losses on foreign currency remeasurements | (82) | (218) | (111)
Other, net | (57) | (59) | (251)
Total | $  729 | $ 1,416 | $  876


Question: What was the % change in interest and dividends income from 2018 to 2019?
Answer: 24.75
Calculation: (2,762-2,214)/2,214
5. Creditors
Accounting policies
Capital market and bank borrowings
Interest-bearing loans and overdrafts are initially measured at fair value (which is equal to cost at inception) and are subsequently measured at amortised cost using the effective interest rate method, except where they are identified as a hedged item in a designated hedge relationship. Any difference between the proceeds net of transaction costs and the amount due on settlement or redemption of borrowings is recognised over the term of the borrowing
Notes: 1 Amounts owed to subsidiaries are unsecured, have no fixed date of repayment and are repayable on demand.
Included in amounts falling due after more than one year are other loans of €31,157 million which are due in more than five years from 1 April 2019 and are payable otherwise than by instalments. Interest payable on these loans ranges from 0.375% to 7.875%.
Details of bond and other debt issuances are set out in note 20 “Borrowing and capital resources” in the consolidated financial statements
Table:
 | 2019 | 2018
 | €m | €m
Amounts falling due within one year: |  | 
Bank loans and other loans | 4,835 | 8,367
Amounts owed to subsidiaries1 | 232,896 | 220,625
Derivative financial instruments | 463 | 229
Taxation payable | – | 9
Other creditors | 945 | 120
Accruals and deferred income | 66 | 46
 | 239,205 | 229,396
Amounts falling due after more than one year: |  | 
Deferred tax | 17 | –
Other loans | 46,208 | 32,199
Derivative financial instruments | 1,924 | 2,133
 | 48,149 | 34,332


Question: What is the 2019 average total amount falling due within one year ?
Answer: 234300.5
Calculation: (239,205+229,396)/2
ALTERNATIVE PERFORMANCE MEASURES
Net interest-bearing debt:
Net interest-bearing debt is defined as borrowings (current and noncurrent) less loans receivables and cash and cash equivalents, including restricted cash. Net interest-bearing debt depicts the net capital resources, which cause net interest expenditure and interest rate risk and which, together with equity, are used to finance the Company’s investments. As such, TORM believes that net interest-bearing debt is a relevant measure which Management uses to measure the overall development of the use of financing, other than equity. Such measure may not be comparable to similarly titled measures of other companies. Net interest-bearing debt is calculated as follows:
Table:
USDm | 2019 | 2018 | 2017
Borrowings | 863.4 | 754.7 | 753.9
Loans receivables | -4.6 | - | -
Cash and cash equivalents, including restricted cash | -72.5 | -127.4 | -134.2
Net interest-bearing debt | 786.3 | 627.3 | 619.7


Question: What does TORM believe net interest-bearing debt to be?
Answer: a relevant measure which Management uses to measure the overall development of the use of financing, other than equity
Telecommunications Segment
ICS operates an extensive network of direct routes and offers premium voice communication services for carrying a mix of business, residential and carrier long-distance traffic, data and transit traffic. Customers may have a bilateral relationship with ICS, meaning they have both a customer and vendor relationship with ICS. In these cases, ICS sells the customer access to the ICS supplier routes but also purchases access to the customer’s supplier routes.
Net revenue is derived from the long-distance data and transit traffic. Net revenue is earned based on the number of minutes during a call multiplied by the price per minute, and is recorded upon completion of a call. Completed calls are billable activity while incomplete calls are non-billable. Incomplete calls may occur as a result of technical issues or because the customer’s credit limit was exceeded and thus the customer routing of traffic was prevented.
Revenue for a period is calculated from information received through ICS’s billing software, such as minutes and market rates. Customized billing software has been implemented to track the information from the switch and analyze the call detail records against stored detailed information about revenue rates. This software provides ICS with the ability to perform a timely and accurate analysis of revenue earned in a period.
ICS evaluates gross versus net revenue recognition for each of its contractual arrangements by assessing indicators of control and significant influence to determine whether the ICS acts as a principal (i.e. gross recognition) or an agent (i.e. net recognition). ICS has determined that it acts as a principal for all of its performance obligations in connection with all revenue earned. Net revenue represents gross revenue, net of allowance for doubtful accounts receivable, service credits and service adjustments. Cost of revenue includes network costs that consist of access, transport and termination costs. The majority of ICS’s cost of revenue is variable, primarily based upon minutes of use, with transmission and termination costs being the most significant expense.
Disaggregation of Revenues ICS's revenues are predominantly derived from wholesale of international long distance minutes (in millions):
Table:
Years Ended December 31, |  | 
 | 2019 | 2018
Termination of long distance minutes | $696.1 | $793.6
Total revenue from contracts with customers | 696.1 | 793.6
Other revenue | — | —
Total Telecommunications segment revenue | $696.1 | $793.6


Question: How is the revenue for a period calculated?
Answer: Revenue for a period is calculated from information received through ICS’s billing software, such as minutes and market rates.
Benefit for Income Taxes
Our benefit for income taxes includes U.S. federal, state and foreign income taxes. The domestic and foreign components of our income from continuing operations before income taxes were as follows:
Table:
 | Year Ended December 31, |  | 
 | 2019 | 2018 | 2017
U.S. | $176.4 | $138.9 | $180.6
Foreign | (50.0) | (65.9) | (73.8)
Incomefromcontinuingoperationsbeforeincometaxes | $126.4 | $73.0 | $106.8


Question: What is the change in the average U.S. income from continuing operations before income taxes between 2017-2018 and 2018-2019? 
Answer: -2.1
Calculation: [(176.4+138.9)/2] - [(138.9+180.6)/2]
The total annual compensation of the Supervisory Board members is as follows:
Supervisory Board Compensation
The Supervisory Board members do not receive any share-based payment for their services. As far as members who are employee representatives on the Supervisory Board receive share-based payment, such compensation is for their services as employees only and is unrelated to their status as members of the Supervisory Board.
Table:
€ thousands | 2019 | 2018 | 2017
Total compensation | 3,770 | 3,702 | 3,663
Thereof fixed compensation | 3,218 | 3,162 | 3,135
Thereof committee remuneration | 553 | 540 | 528


Question: What was the  Thereof committee remuneration  in 2018?
Answer: 540
Combined Incentive Plan Information
RSU share activity under the 2004 Plan is set forth below:
The total intrinsic value of RSUs which vested during the years ended March 31, 2019, 2018 and 2017 was $229.3 million, $146.0 million and $166.1 million, respectively. The aggregate intrinsic value of RSUs outstanding at March 31, 2019 was $522.0 million, calculated based on the closing price of the Company's common stock of $82.96 per share on March 29, 2019. At March 31, 2019, the weighted average remaining expense recognition period was 1.91 years.
Table:
 | Number of Shares | Weighted Average Grant Date Fair Value
Nonvested shares at March 31, 2016 | 6,307,742 | $36.76
Granted | 1,635,655 | 51.46
Assumed upon acquisition | 2,059,524 | 46.57
Forfeited | (722,212) | 43.58
Vested | (2,861,253) | 38.60
Nonvested shares at March 31, 2017 | 6,419,456 | 42.06
Granted | 1,267,536 | 77.26
Forfeited | (279,051) | 49.65
Vested | (1,735,501) | 38.00
Nonvested shares at March 31, 2018 | 5,672,440 | 50.79
Granted | 1,951,408 | 77.83
Assumed upon acquisition | 1,805,680 | 91.70
Forfeited | (408,242) | 73.36
Vested | (2,729,324) | 61.51
Nonvested shares at March 31, 2019 | 6,291,962 | $64.81


Question: What was the change in the number of vested shares between 2017 and 2018?
Answer: -993823
Calculation: -2,729,324-(-1,735,501)
A reconciliation of the beginning and ending balance of unrecognized tax benefits is as follows:
Included in the total unrecognized tax benefits at December 31, 2019, 2018 and 2017 is $2.4 billion, $2.3 billion and $1.9 billion, respectively, that if recognized, would favorably affect the effective income tax rate.
Table:
 |  |  | (dollars in millions)
 | 2019 | 2018 | 2017
Balance at January 1, | $ 2,871 | $2,355 | $ 1,902
Additions based on tax positions related to the current year | 149 | 160 | 219
Additions for tax positions of prior years | 297 | 699 | 756
Reductions for tax positions of prior years | (300) | (248) | (419)
Settlements | (58) | (40) | (42)
Lapses of statutes of limitations | (89) | (55) | (61)
Balance at December 31, | $ 2,870 | $ 2,871 | $ 2,355


Question: What was the amount that would favorably affect the effective income tax rate if included in 2017?
Answer: $1.9 billion
C) DIVIDENDS
For the year ended August 31, 2019, quarterly eligible dividends of $0.525 per share, for a total of $2.10 per share or $103.7 million, were paid to the holders of multiple and subordinate voting shares, compared to quarterly eligible dividends of $0.475 per share, for a total of $1.90 per share or $93.7 million for the year ended August 31, 2018.
At its October 30, 2019 meeting, the Board of Directors of Cogeco Communications declared a quarterly eligible dividend of $0.58 per share for multiple voting and subordinate voting shares, payable on November 27, 2019 to shareholders of record on November 13, 2019.
Table:
Years ended August 31, | 2019 | 2018
(In thousands of Canadian dollars) | $ | $
Dividends on multiple voting shares | 32,951 | 29,813
Dividends on subordinate voting shares | 70,757 | 63,886
 | 103,708 | 93,699


Question: What was the declared quarterly dividend for multiple voting and subordinate voting shares in 2019?
Answer: $0.58
Notes to Consolidated Financial Statements - (Continued) Fiscal Years Ended May 26, 2019, May 27, 2018, and May 28, 2017 (columnar dollars in millions except per share amounts)  During fiscal 2019, we recognized the following pre-tax expenses for the Pinnacle Integration Restructuring Plan:
Included in the above results are $163.5 million of charges that have resulted or will result in cash outflows and $4.7 million in non-cash charges.
Table:
 | International | Pinnacle Foods | Corporate | Total
Other cost of goods sold | $— | $3.7 | $— | $3.7
Total cost of goods sold . | — | 3.7 | — | 3.7
Severance and related costs | 0.7 | 0.6 | 110.8 | 112.1
Accelerated depreciation | — | — | 4.7 | 4.7
Contract/lease termination . | — | 0.8 | 0.3 | 1.1
Consulting/professional fees . | 0.2 | — | 38.1 | 38.3
Other selling, general and administrative expenses . | 0.1 | — | 8.2 | 8.3
Total selling, general and administrative expenses | 1.0 | 1.4 | 162.1 | 164.5
Consolidated total | $1.0 | $5.1 | $162.1 | $168.2


Question: What does the table show us in the fiscal year 2019?
Answer: pre-tax expenses for the Pinnacle Integration Restructuring Plan
Note 26. Other Income (Expense)
Other income (expense), net consisted of the following (in thousands):
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Foreign currency transaction gains(losses) | $(1,262) | $2,029 | $(548)
Gains (losses) on derivative instruments not designated as hedges | (674) | (1,751) | 143
Net investment gains (losses) on investments held in rabbi trust | 2,379 | (867) | 1,619
Other miscellaneous income (expense) | (857) | (1,659) | 44
 | $(414) | $(2,248) | $1,258


Question: What was the overall percentage change in Net investment gains  on investments held in rabbi trust in 2019 from 2017?
Answer: 46.94
Calculation: (2,379-1,619)/1,619