hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
NOTE 23. SUPPLEMENTAL QUARTERLY FINANCIAL DATA (UNAUDITED)
The following tables present unaudited quarterly results for each of the eight quarters in the periods ended December 31, 2019 and 2018, in thousands. We believe that all necessary adjustments have been included in the amounts stated below to present fairly such quarterly information. Due to the volatility of the industries in which our customers operate, the operating results for any quarter are not necessarily indicative of results for any subsequent period.
Table:
 |  | Quarter Ended |  | 
 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019
Sales, net | $  338,268 | $  175,127 | $ 134,810 | $ 140,743
Gross Profit | $112,295 | $73,491 | $64,126 | $65,740
Restructuring Expense | $1,418 | $152 | $1,795 | $1,673
Operating income | $22,202 | $9,390 | $11,005 | $11,791
Income from continuing operations, net of income taxes | $  10,479 | $  7,256 | $ 23,373 | $ 15,387
Loss (income) from discontinued operations, net of income taxes | $  (210) | $  375 | $ 8,324 | $ (9)
Net Income | $  10,269 | $  7,631 | $ 31,697 | $ 15,378
Income from continuing operations attributable to noncontrolling interest | $  5 | $  10 | $ 11 | $ 8
Net income attributable to Advanced Energy Industries, Inc. | $  10,264 | $  7,621 | $ 31,686 | $ 15,370
Earnings (Loss) Per Share: |  |  |  | 
Continuing Operations: |  |  |  | 
Basic earnings per share | $  0.27 | $  0.19 | $ 0.61 | $ 0.40
Diluted earnings per share | $  0.27 | $  0.19 | $ 0.61 | $ 0.40
Discontinued Operations: |  |  |  | 
Basic loss per share | $  (0.01) | $  0.01 | $ 0.22 | $ —
Diluted loss per share | $  (0.01) | $  0.01 | $ 0.22 | $ —
Net Income: |  |  |  | 
Basic earnings per share | $  0.27 | $  0.20 | $ 0.83 | $ 0.40
Diluted earnings per share | $  0.27 | $  0.20 | $ 0.82 | $ 0.40


Question: What was the operating income in Quarter Ended  September?
Answer: $9,390
Cash Flows
The following table summarizes our cash flows for the years ended December 31, 2019, 2018 and 2017 (in thousands):
At December 31, 2019, $6.7 million of the $539.7 million of cash, cash equivalents and restricted cash was held by foreign subsidiaries. Our intention is to indefinitely reinvest foreign earnings in our foreign subsidiaries. If these earnings were used to fund domestic operations, they would be subject to additional income taxes upon repatriation.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Cash, cash equivalents and restricted cash at beginning of period | $60,068 | $103,051 | $60,765
Cash provided by operating activities | 10,317 | 3,295 | 4,863
Cash used in investing activities | (24,574) | (48,413) | (70,972)
Cash provided by financing activities | 494,101 | 3,099 | 108,475
Effects of exchange rates on cash, cash equivalents and restricted cash | (250) | (964) | (80)
Cash, cash equivalents and restricted cash at end of period | $539,662 | $60,068 | $103,051


Question: Where is foreign earnings reinvested?
Answer: in our foreign subsidiaries.
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 was the amount due from related parties, net, current in 2019?
Answer: 1,090
It rewards executives subject to performance against three equally weighted measures over a three year performance period:
Relative TSR is used as a measure in our LTI plan to align executive outcomes and long‐term shareholder value creation. The peer group is the ASX30 excluding metals and mining companies. Peer group ranking at the 75th percentile or higher 100% vesting is achieved and ranking at the median 50% vesting is achieved. Between the 75th  and median, pro-rata vesting is achieved from 50% to 100%. Peer group ranking below the median results in zero vesting.
Sales per square metre measures sales productivity improvements across the Food and Drinks businesses. Efficient use of our physical network for in‐store and online sales is core to our success.
ROFE is an important measures to drive behaviours consistent with the delivery of long‐term shareholder value. ROFE improvements can be delivered through earnings growth as well as the disciplined allocation of capital and management of assets, which is important for a business that is building capabilities for the future. Lease‐adjusted ROFE measures the balance between our earnings growth and the disciplined allocation and application of assets used to generate those earnings. We adjust for leases to recognise that a very significant portion of our sites are leased. This approach is also similar to the accounting standard definition of ROFE that will change to incorporate a lease-adjusted definition from F20.
The Sales/SQM and ROFE targets are published following the end of the performance period given the commercial sensitivity of this information.
Table:
 | rTSR | SALES/SQM | ROFE
Entry | 16.66% | 6.66% | 6.66%
Target | n/a | 20% | 20%
Stretch | 33.33% | 33.33% | 33.33%


Question: What does the Sales per square metre measure?
Answer: Measures sales productivity improvements across the Food and Drinks businesses.
in 2017 , the company granted 440076 shares of restricted class a common stock and 7568 shares of restricted stock units . restricted common stock and restricted stock units generally have a vesting period of two to four years . the fair value related to these grants was $ 58.7 million , which is recognized as compensation expense on an accelerated basis over the vesting period . dividends are accrued on restricted class a common stock and restricted stock units and are paid once the restricted stock vests . in 2017 , the company also granted 203298 performance shares . the fair value related to these grants was $ 25.3 million , which is recognized as compensation expense on an accelerated and straight-lined basis over the vesting period . the vesting of these shares is contingent on meeting stated performance or market conditions . the following table summarizes restricted stock , restricted stock units , and performance shares activity for 2017 : number of shares weighted average grant date fair value .

Table:
 | number of shares | weightedaveragegrant datefair value
outstanding at december 31 2016 | 1820578 | $ 98
granted | 650942 | 129
vested | -510590 ( 510590 ) | 87
cancelled | -401699 ( 401699 ) | 95
outstanding at december 31 2017 | 1559231 | 116
the total fair value of restricted stock , restricted stock units , and performance shares that vested during 2017 , 2016 and 2015 was $ 66.0 million , $ 59.8 million and $ 43.3 million , respectively .
under the espp , eligible employees may acquire shares of class a common stock using after-tax payroll deductions made during consecutive offering periods of approximately six months in duration .
shares are purchased at the end of each offering period at a price of 90% ( 90 % ) of the closing price of the class a common stock as reported on the nasdaq global select market .
compensation expense is recognized on the dates of purchase for the discount from the closing price .
in 2017 , 2016 and 2015 , a total of 19936 , 19858 and 19756 shares , respectively , of class a common stock were issued to participating employees .
these shares are subject to a six-month holding period .
annual expense of $ 0.3 million for the purchase discount was recognized in 2017 , and $ 0.2 million was recognized in both 2016 and 2015 .
non-executive directors receive an annual award of class a common stock with a value equal to $ 100000 .
non-executive directors may also elect to receive some or all of the cash portion of their annual stipend , up to $ 60000 , in shares of stock based on the closing price at the date of distribution .
as a result , 19736 shares , 26439 shares and 25853 shares of class a common stock were issued to non-executive directors during 2017 , 2016 and 2015 , respectively .
these shares are not subject to any vesting restrictions .
expense of $ 2.5 million , $ 2.4 million and $ 2.5 million related to these stock-based payments was recognized for the years ended december 31 , 2017 , 2016 and 2015 , respectively. .

Question: what is the ratio of perfomance shares as a percent of the total number of granted shares?
Answer: 31%
Calculation: divide(203298, 650942)
Investing Cash Flow Activities
Year Ended December 31, 2019 Compared with the Year Ended December 31, 2018
Net cash used in investing activities – continuing operations during the year ended December 31, 2019 resulted from the absence of the sale of businesses compared to prior year. The sale of Netsmart and OneContent produced significant investing cash inflows during 2018, which was partially offset with cash paid for the acquisitions of Practice Fusion and Health Grid. Capital expenditures also decreased in 2019 compared with prior year.
Year Ended December 31, 2018 Compared with the Year Ended December 31, 2017
We had cash inflows from investing activities – continuing operations during the year ended December 31, 2018 compared with cash outflows from investing activities – continuing operations during the year ended December 31, 2017, which was primarily driven by cash proceeds of $567 million from the sale of our investment in Netsmart and $241 million of net cash proceeds from the divestiture of the OneContent business during 2018.
Cash used in investing activities also included the purchase of Practice Fusion and Health Grid, which were mostly offset by lower overall capital expenditures during 2018.
Net cash used in investing activities – discontinued operations increased during the year ended December 31, 2018 compared with the prior year, primarily due to larger business acquisitions completed by Netsmart during 2018.
Table:
 |  | Year Ended December 31, |  |  | 
(In thousands) | 2019 | 2018 | 2017 | 2019 $ Change from 2018 | 2018 $ Change from 2017
Capital expenditures | $(16,600) | $(31,309) | $(38,759) | $14,709 | $7,450
Capitalized software | (113,836) | (113,308) | (118,241) | (528) | 4,933
Cash paid for business acquisitions, net of cash acquired | (23,443) | (177,233) | (169,823) | 153,790 | (7,410)
Cash received from sale of businesses, net | 0 | 807,764 | 0 | (807,764) | 807,764
Purchases of equity securities, other investments and related intangible assets, net | (7,191) | (16,934) | (5,606) | 9,743 | (11,328)
Other proceeds from investing activities | 14 | 54 | 215 | (40) | (161)
Net cash (used in) provided by investing activities - continuing operations | (161,056) | 469,034 | (332,214) | (630,090) | 801,248
Net cash used in investing activities - discontinued operations | 0 | (221,021) | (80,758) | 221,021 | (140,263)
Net cash (used in) provided by investing activities | $(161,056) | $248,013 | $(412,972) | $(409,069) | $660,985


Question: How much was the net cash proceeds from the divestiture of the OneContent business during 2018?
Answer: $241 million
Unaudited Pro Forma Results of Acquirees
Autodesk has included the financial results of each of the acquirees in the consolidated financial statements from the respective dates of acquisition; the revenues and the results of each of the acquirees, except for PlanGrid, have not been material both individually or in the aggregate to Autodesk's fiscal 2019 and 2018 results.
The following unaudited pro forma financial information summarizes the combined results of operations for Autodesk and PlanGrid, as though the companies were combined as of the beginning of Autodesk's fiscal year 2018. The unaudited pro forma financial information was as follows (in millions):
The pro forma financial information for all periods presented includes the business combination accounting effects from the acquisition of PlanGrid including amortization expense from acquired intangible assets, compensation expense, and the interest expense and debt issuance costs related to the term loan agreement. The historical financial information has been adjusted to give effect to pro forma events that are directly attributable to the business combinations and factually supportable. The pro forma financial information is for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place at the beginning of the Company’s fiscal 2018.
The pro forma financial information for fiscal 2019 and 2018 combines the historical results of the Company, the adjusted historical results of PlanGrid for fiscal 2019 and 2018 considering the date the Company acquired PlanGrid and the effects of the pro forma adjustments described above
Table:
 | Fiscal Year ended January 31, | 
 | 2019 | 2018
Total revenues | $2,632.6 | $2,099.2
Pretax loss | (157.5) | (724.9)
Net loss | (200.1) | (734.5)


Question: What is the average total revenue from 2018 to 2019?
Answer: 2365.9
Calculation: (2,632.6+2,099.2)/2
A summary of the option activity as of May 26, 2019 and changes during the fiscal year then ended is presented below:
We recognize compensation expense using the straight-line method over the requisite service period, accounting for forfeitures as they occur. During fiscal 2017, we granted 1.1 million stock options with a weighted average grant date fair value of $6.12 per share. The total intrinsic value of stock options exercised was $7.9 million, $15.8 million, and $29.8 million for fiscal 2019, 2018, and 2017, respectively. The closing market price of our common stock on the last trading day of fiscal 2019 was $28.83 per share.
Compensation expense for stock option awards totaled $2.2 million, $4.2 million, and $6.2 million for fiscal 2019, 2018, and 2017, respectively, including discontinued operations of $0.2 million for fiscal 2017. Included in the compensation expense for stock option awards for fiscal 2019, 2018, and 2017 was $0.2 million, $0.4 million, and $0.9 million, respectively, related to stock options granted by a subsidiary in the subsidiary's shares to the subsidiary's employees. The tax benefit related to the stock option expense for fiscal 2019, 2018, and 2017 was $0.5 million, $1.4 million, and $2.4 million, respectively.
At May 26, 2019, we had $0.2 million of total unrecognized compensation expense related to stock options that will be recognized over a weighted average period of 0.1 years.
Cash received from stock option exercises for fiscal 2019, 2018, and 2017 was $12.4 million, $25.1 million, and $84.4 million, respectively. The actual tax benefit realized for the tax deductions from option exercises totaled $2.3 million, $5.3 million, and $19.5 million for fiscal 2019, 2018, and 2017, respectively.
Table:
Options | Number of Options (in Millions) | Weighted Average Exercise Price | Average Remaining Contractual Term (Years) | Aggregate Intrinsic Value (in Millions)
Outstanding at May 27, 2018 | 5.1 | $28.11 |  | 
Exercised | (0.6) | $20.75 |  | $7.9
Expired | (0.1) | $29.84 |  | 
Outstanding at May 26, 2019 | 4.4 | $29.00 | 5.47 | $9.9
Exercisable at May 26, 2019 | 4.1 | $28.38 | 5.32 | $9.9


Question: What is the percentage change in the number of outstanding options from 2018 to 2019?
Answer: -13.73
Calculation: (4.4-5.1)/5.1
the table below presents the estimated maximum potential var arising from a one-day loss in fair value for our interest rate , foreign currency , commodity , and equity market-risk-sensitive instruments outstanding as of may 26 , 2019 and may 27 , 2018 , and the average fair value impact during the year ended may 26 , 2019. .

Table:
in millions | fair value impact may 26 2019 | fair value impact averageduringfiscal 2019 | fair value impact may 27 2018
interest rate instruments | $ 74.4 | $ 46.1 | $ 33.2
foreign currency instruments | 16.8 | 19.0 | 21.3
commodity instruments | 4.1 | 2.5 | 1.9
equity instruments | 2.3 | 2.2 | 2.0
.

Question: what is the change in fair value of foreign currency instruments from 2018 to 2019?
Answer: -4.5
Calculation: subtract(16.8, 21.3)
Item 14. Principal Accounting Fees and Services
The following table sets forth the fees for services provided and reasonably expected to be billed by Malone Bailey LLP. The following is a summary of the fees billed to the Company for professional services rendered for the fiscal years ended December 31, 2019 and 2018.
Audit Fees: For the fiscal years ended December 31, 2019 and 2018, the aggregate audit fees billed by our independent auditors were for professional services rendered for
audits and quarterly reviews of our consolidated financial statements, and assistance with reviews of registration statements and documents filed with the SEC.
Audit-Related Fees: Audit-related fees are for assurance and other activities not explicitly related to the audit of our financial statements.
Tax Fees: For the fiscal years ended December 31, 2019 and 2018, there were no tax fees, respectively.
All Other Fees: For the fiscal years ended December 31, 2019 and 2018, there were $0 and $0, respectively.
Audit Committee Pre-Approval Policies and Procedures. The Audit Committee oversees and monitors our financial reporting process and internal control system, reviews and
evaluates the audit performed by our registered independent public accountants and reports to the Board any substantive issues found during the audit. The Audit Committee
is directly responsible for the appointment, compensation and oversight of the work of our registered independent public accountants. The Audit Committee convenes on a
quarterly basis to approve each quarterly filing, and an annual basis to review the engagement of the Company’s external auditor.
The Audit Committee has considered whether the provision of Audit-Related Fees, Tax Fees, and all other fees as described above is compatible with maintaining
Marcum LLP’s and Malone Bailey LLP’s independence and has determined that such services for fiscal years 2019 and 2018, respectively, were compatible. All such services
were approved by the Audit Committee pursuant to Rule 2-01 of Regulation S-X under the Exchange Act to the extent that rule was applicable.
Table:
 | Fiscal Year | Fiscal Year
 | 2019 | 2018
Audit fees | $55,000 | $54,550
Audit-related fees | $- | $-
Tax Fees | $- | $-
All other fees | - | $-
Total | 55,000 | $54,550


Question: What are the tax fees for the fiscal year ended December 2018?
Answer: There were no tax fees
the containerboard group ( a division of tenneco packaging inc. ) notes to combined financial statements ( continued ) april 11 , 1999 14 . leases ( continued ) to the sale transaction on april 12 , 1999 . therefore , the remaining outstanding aggregate minimum rental commitments under noncancelable operating leases are as follows : ( in thousands ) .

Table:
remainder of 1999 | $ 7606
2000 | 7583
2001 | 4891
2002 | 3054
2003 | 1415
thereafter | 1178
total | $ 25727
15 .
sale of assets in the second quarter of 1996 , packaging entered into an agreement to form a joint venture with caraustar industries whereby packaging sold its two recycled paperboard mills and a fiber recycling operation and brokerage business to the joint venture in return for cash and a 20% ( 20 % ) equity interest in the joint venture .
proceeds from the sale were approximately $ 115 million and the group recognized a $ 50 million pretax gain ( $ 30 million after taxes ) in the second quarter of 1996 .
in june , 1998 , packaging sold its remaining 20% ( 20 % ) equity interest in the joint venture to caraustar industries for cash and a note of $ 26000000 .
the group recognized a $ 15 million pretax gain on this transaction .
at april 11 , 1999 , the balance of the note with accrued interest is $ 27122000 .
the note was paid in june , 1999 .
16 .
subsequent events on august 25 , 1999 , pca and packaging agreed that the acquisition consideration should be reduced as a result of a postclosing price adjustment by an amount equal to $ 20 million plus interest through the date of payment by packaging .
the group recorded $ 11.9 million of this amount as part of the impairment charge on the accompanying financial statements , representing the amount that was previously estimated by packaging .
pca intends to record the remaining amount in september , 1999 .
in august , 1999 , pca signed purchase and sales agreements with various buyers to sell approximately 405000 acres of timberland .
pca has completed the sale of approximately 260000 of these acres and expects to complete the sale of the remaining acres by mid-november , 1999. .

Question: what percentage of outstanding aggregate minimum rental commitments under noncancelable operating leases are due in 2001?
Answer: 19%
Calculation: divide(4891, 25727)