hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
The Company recognizes these compensation costs on a straight-line basis over the requisite service period of the award, which is generally the award vesting term of four years. Forfeitures are accounted for as they occur.
Total stock-based compensation cost capitalized in inventory was less than $0.8 million in the years ended December 31, 2019, 2018 and 2017.
As of December 31, 2019, $7.8 million of unrecognized compensation cost related to stock options is expected to be recognized over a weighted-average period of 2.1 years and $41.3 million of unrecognized compensation cost related to unvested RSUs is expected to be recognized over a weighted-average period of 2.2 years. If there are any modifications or cancellations of the underlying unvested awards, the Company may be required to accelerate, increase or cancel all or a portion of the remaining unearned stock-based compensation expense.
The  following  table  sets  forth  the  stock-based  compensation  expense  resulting  from  stock  options,  RSUs,  and  the  ESPP  included  in  the  Company’s consolidated statements of operations:
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
 |  | (In thousands) | 
Cost of revenue | $2,843 | $2,435 | $1,406
Research and development | 6,532 | 4,283 | 2,968
Sales and marketing | 9,069 | 8,267 | 5,481
General and administrative | 10,693 | 11,476 | 9,114
Total | $29,137 | $26,461 | $18,969


Question: What may be required of the company if there are any modifications or cancellations of the underlying unvested awards?
Answer: May be required to accelerate, increase or cancel all or a portion of the remaining unearned stock-based compensation expense.
The fair value of each option grant was estimated on the date of grant using the Black-Scholes option pricing model using the following weighted average assumptions:
Based on the Black-Scholes option pricing model, the weighted average estimated fair value of employee stock options granted was $4.63 and $2.58 per share during the years ended December 31, 2019 and 2018, respectively.
The expected life was determined using the simplified method outlined in ASC 718, “Compensation - Stock Compensation”. Expected volatility of the stock options was based upon historical data and other relevant factors. We have not provided an estimate for forfeitures because we have had nominal forfeited options and RSUs and believed that all outstanding options and RSUs at December 31, 2019, would vest.
Table:
 | Year Ended | Year Ended
 | December 31, 2019 | December 31, 2018
Expected stock price volatility | 92.34% | 85.26%
Risk-free interest rate | 2.09% | 2.73%
Expected life term | 6.14 years | 6.02 years
Expected dividends | 0% | 0%


Question: What was the change in the expected life term between 2018 and 2019?
Answer: 0.12
Calculation: 6.14 - 6.02
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: What are the average days in Q1?
Answer: 89
Calculation: (90+89+88)/ 3
Net revenues by location of shipment are classified by location of customer invoiced or reclassified by shipment destination in line with customer demand. For example, products ordered by U.S.-based companies to be invoiced to Asia Pacific affiliates are classified as Asia Pacific revenues.
By location of shipment, in 2019, revenues grew 6.8% in Americas, driven by Power Discrete, remained substantially flat in Asia and decreased 8.6% in EMEA, mainly due to lower sales of Microcontrollers and Power Discrete. In 2018 revenues grew across all regions, led by Asia Pacific and EMEA, mainly due to growth in Imaging and Automotive.
Table:
 | Year Ended December 31, | Year Ended December 31, | Year Ended December 31, | % Variation | % Variation
 | 2019 | 2018 | 2017 | 2019 vs 2018 | 2018 vs 2017
 | (In millions) | (In millions) | (In millions) |  | 
EMEA | $2,265 | $2,478 | $2,142 | (8.6)% | 15.7%
Americas | 1,351 | 1,264 | 1,085 | 6.8 | 16.5
Asia Pacific | 5,940 | 5,922 | 5,120 | 0.3 | 15.7
Total | $9,556 | $9,664 | $8,347 | (1.1)% | 15.8%


Question: What are the average net revenues by EMEA for Year Ended December 31?
Answer: 2295
Calculation: (2,265+2,478+2,142) / 3
Cash Conversion Cycle
The following table presents the components of our cash conversion cycle for the fourth quarter of each of the past three fiscal years:
(1) Days sales outstanding, referred to as DSO, calculates the average collection period of our receivables. DSO is based on ending accounts receivable and net revenue for each period. DSO is calculated by dividing accounts receivable by average net revenue per day for the current quarter (91 days for each of the fourth quarters presented above). The year over year increases in DSO in the fourth quarter of fiscal 2019 and fiscal 2018 were primarily due to less favorable shipping linearity and, in the case of fiscal 2019, one of our major distributors choosing not to take advantage of an early payment discount.
(2) Days inventory outstanding, referred to as DIO, measures the average number of days from procurement to sale of our products. DIO is based on ending inventory and cost of revenues for each period. DIO is calculated by dividing ending inventory by average cost of revenues per day for the current quarter. The increase in DIO in the fourth quarter of fiscal 2019 compared to the corresponding period of fiscal 2018 was primarily due to higher levels of finished goods on hand at the end of fiscal 2019. Compared to the corresponding period in fiscal 2017, the decrease in DIO in the fourth quarter of fiscal 2018 was due primarily to strong product sales towards the end of the fourth quarter of fiscal 2018.
(3) Days payables outstanding, referred to as DPO, calculates the average number of days our payables remain outstanding before payment. DPO is based on ending accounts payable and cost of revenues for each period. DPO is calculated by dividing accounts payable by average cost of revenues per day for the current quarter. DPO for the fourth quarter of fiscal 2019 was relatively unchanged compared to the fourth quarter of fiscal 2018, while it increased compared to the corresponding period in fiscal 2017 was primarily the result of improved vendor payables management and extensions of payment terms with our suppliers.
(4) The cash conversion cycle is the sum of DSO and DIO less DPO. Items which may cause the cash conversion cycle in a particular period to differ include, but are not limited to, changes in business mix, changes in payment terms (including extended payment terms from suppliers), the extent of shipment linearity, seasonal trends and the timing of revenue recognition and inventory purchases within the period.
Table:
 | Three Months Ended |  | 
(in days) |  |  | 
Three Months Ended | April 26, 2019 | April 27, 2018 | April 28, 2017
Days sales outstanding (1) | 70 | 58 | 45
Days inventory outstanding (2) | 21 | 18 | 26
Days payables outstanding (3) | (87) | (90) | (56)
Cash conversion cycle (4) | 3 | (14 ) | 15
Days may not add due to rounding |  |  | 


Question: What was the Days sales outstanding for three months ended april 2019?
Answer: 70
NOTE 13—INCOME TAXES
On December 22, 2017, the U.S. government enacted the Tax Act, which includes provisions for Global Intangible Low-Tax Income (GILTI) under which taxes on foreign income are imposed on the excess of a deemed return on tangible assets of foreign subsidiaries. Consistent with accounting guidance, we have elected to account for the tax on GILTI as a period cost and thus have not adjusted any net deferred tax assets of our foreign subsidiaries in connection with the Tax Act.
Due to the complexity of the Tax Act, the Securities and Exchange Commission issued guidance in SAB 118 which clarified the accounting for income taxes under ASC 740 if certain information was not yet available, prepared or analyzed in reasonable detail to complete the accounting for income tax effects of the Tax Act. SAB 118 provided for a measurement period of up to one year after the enactment of the Tax Act, during which time the required analyses and accounting must be completed. During fiscal year 2018, we recorded provisional amounts for the income tax effects of the changes in tax law and tax rates, as reasonable estimates were determined by management during this period. These amounts did not change in fiscal year 2019.
The SAB 118 measurement period ended on December 22, 2018. Although we no longer consider these amounts to be provisional, the determination of the Tax Act’s income tax effects may change following future legislation or further interpretation of the Tax Act based on the publication of recently proposed U.S. Treasury regulations and guidance from the Internal Revenue Service and state tax authorities.
Income (loss) from continuing operations before income taxes includes the following components (in thousands):
Table:
 |  | Years Ended September 30, | 
 | 2019 | 2018 | 2017
 |  | (in thousands) | 
United States | $ (535) | $ (51,049) | $ (70,566)
Foreign | 52,881 | 65,935 | 59,484
Total | $ 52,346 | $ 14,886 | $ (11,082)


Question: The Securities and Exchange Commission issued guidance in SAB 118 provided what form of clarification?
Answer: the accounting for income taxes under ASC 740 if certain information was not yet available, prepared or analyzed in reasonable detail to complete the accounting for income tax effects of the Tax Act
Earnings per Share—Basic earnings per share were calculated using net earnings and the weighted-average number of shares of common stock outstanding during the respective year. Diluted earnings per share were calculated using net earnings and the weighted-average number of shares of common stock and potential common stock associated with stock options outstanding during the respective year. The effects of potential common stock were determined using the treasury stock method:
As of and for the years ended December 31, 2019, 2018 and 2017, there were 0.627, 0.724 and 0.478 outstanding stock options, respectively, that were not included in the determination of diluted earnings per share because doing so would have been antidilutive.
Table:
Years ended December 31, |  |  | 
 | 2019 | 2018 | 2017
Basic weighted-average shares outstanding | 103.9 | 103.2 | 102.2
Effect of potential common stock: |  |  | 
Common stock awards | 1.2 | 1.2 | 1.3
Diluted weighted-average shares outstanding | 105.1 | 104.4 | 103.5


Question: What is the average of basic weighted-average shares outstanding from 2017 to 2019?
Answer: 103.1
Calculation: (103.9+103.2+102.2)/3
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
The final fair values of the assets acquired and liabilities assumed from our acquisitions in 2018 are as follows:
Table:
 | Trek | Electrostatic Product Line | LumaSense | Total
Accounts and other receivable, net | $ 2,818 | $  77 | $  7,167 | $ 10,062
Inventories | 3,941 | 292 | 9,372 | 13,605
Property and equipment | 594 | 50 | 1,353 | 1,997
Goodwill | — | 1,220 | 36,258 | 37,478
Intangible assets | 788 | 1,400 | 43,240 | 45,428
Deferred income tax assets | 606 | — | 6,331 | 6,937
Other assets | 854 | — | 6,004 | 6,858
Total assets acquired | 9,601 | 3,039 | 109,725 | 122,365
Accounts payable | 747 | 39 | 5,734 | 6,520
Deferred income tax liabilities | — | — | 11,699 | 11,699
Other liabilities | 2,782 | — | 7,608 | 10,390
Total liabilities assumed | 3,529 | 39 | 25,041 | 28,609
Total fair value of net assets acquired | $ 6,072 | $  3,000 | $  84,684 | $ 93,756


Question: What was the fair value of Inventories from Trek?
Answer: 3,941
AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed)
10. OTHER NON-CURRENT LIABILITIES
Other non-current liabilities consisted of the following:
The reduction in Deferred rent liability is a result of the Company’s adoption of the new lease accounting standard.
Table:
 | As of | 
 | December 31, 2019 | December 31, 2018
Deferred rent liability | $— | $506.7
Unearned revenue | 525.9 | 504.6
Other miscellaneous liabilities | 411.1 | 253.8
Other non-current liabilities | $937.0 | $1,265.1


Question: What was the Unearned revenue in 2019?
Answer: 525.9
4. SEGMENT INFORMATION
During the 2019 and 2018 financial years, the Group operated wholly within one business segment being the operation and management of storage centres in Australia and New Zealand.
The Managing Director is the Group’s chief operating decision maker and monitors the operating results on a portfolio wide basis. Monthly management reports are evaluated based upon the overall performance of NSR consistent with the presentation within the consolidated financial statements. The Group’s financing (including finance costs and finance income) are managed on a Group basis and not allocated to operating segments.
The operating results presented in the statement of profit or loss represent the same segment information as reported in internal management information.
The revenue information above excludes interest income and is based on the location of storage centres.
Table:
 | 2019 | 2018
 | $'000 | $'000
Revenue from external customers |  | 
Australia | 144,621 | 129,431
New Zealand | 13,036 | 8,912
Total | 157,657 | 138,343


Question: How are the Group's financing managed?
Answer: on a Group basis and not allocated to operating segments.
GasLog Ltd. and its Subsidiaries
Notes to the consolidated financial statements (Continued)
For the years ended December 31, 2017, 2018 and 2019
(All amounts expressed in thousands of U.S. Dollars, except share and per share data)
14. Other Payables and Accruals
An analysis of other payables and accruals is as follows:
The unearned revenue represents charter hires received in advance in December 2019 relating to the hire period of January 2020 for 22 vessels (December 2018: 17 vessels).
Table:
 | As of December 31, | 
 | 2018 | 2019
Unearned revenue | 38,680 | 48,183
Accrued off-hire | 7,376 | 6,968
Accrued purchases | 18,578 | 9,759
Accrued interest | 38,107 | 36,746
Other accruals | 24,709 | 34,586
Total | 127,450 | 136,242


Question: In which years was the other payables and accruals recorded for?
Answer: 2018, 2019
entergy corporation and subsidiaries notes to financial statements as of december 31 , 2015 , system energy , in connection with the grand gulf sale and leaseback transactions , had future minimum lease payments ( reflecting an implicit rate of 5.13% ( 5.13 % ) ) that are recorded as long-term debt , as follows : amount ( in thousands ) .

Table:
 | amount ( in thousands )
2016 | $ 17188
2017 | 17188
2018 | 17188
2019 | 17188
2020 | 17188
years thereafter | 275000
total | 360940
less : amount representing interest | 326579
present value of net minimum lease payments | $ 34361
note 11 .
retirement , other postretirement benefits , and defined contribution qualified pension plans entergy has nine qualified pension plans covering substantially all employees .
the 201centergy corporation retirement plan for non-bargaining employees , 201d 201centergy corporation retirement plan for bargaining employees , 201d 201centergy corporation retirement plan ii for non-bargaining employees , 201d 201centergy corporation retirement plan ii for bargaining employees , 201d 201centergy corporation retirement plan iv for non-bargaining employees , 201d and 201centergy corporation retirement plan iv for bargaining employees 201d are non-contributory final average pay plans and provide pension benefits that are based on employees 2019 credited service and compensation during employment .
the 201centergy corporation retirement plan iii 201d is a final average pay plan that provides pension benefits that are based on employees 2019 credited service and compensation during the final years before retirement and includes a mandatory employee contribution of 3% ( 3 % ) of earnings during the first 10 years of plan participation , and allows voluntary contributions from 1% ( 1 % ) to 10% ( 10 % ) of earnings for a limited group of employees .
non-bargaining employees whose most recent date of hire is after june 30 , 2014 participate in the 201centergy corporation cash balance plan for non-bargaining employees . 201d certain bargaining employees hired or rehired after june 30 , 2014 , or such later date provided for in their applicable collective bargaining agreements , participate in the 201centergy corporation cash balance plan for bargaining employees . 201d the registrant subsidiaries participate in these four plans : 201centergy corporation retirement plan for non-bargaining employees , 201d 201centergy corporation retirement plan for bargaining employees , 201d 201centergy corporation cash balance plan for non-bargaining employees , 201d and 201centergy cash balance plan for bargaining employees . 201d .

Question: in 2015 what was the percent of the total future minimum lease payments that was due in 2018
Answer: 4.8%
Calculation: divide(17188, 360940)
Year ended December 31, 2019 compared with the year ended December 31, 2018:
Revenue in 2019 is derived from license agreements that we entered into with third-parties following negotiations pursuant to our patent licensing and enforcement program. The revenue decrease is primarily due to timing of revenues, as further described in "Item 1. Business" - "Licensing and Enforcement - Current Activities, Post 2013".
Cost of revenues includes contingent legal fees directly associated with our licensing and enforcement programs. Cost of revenues primarily decreased in proportion to the decrease in revenues.
Operating expenses consists of sales and marketing, general and administrative, and research and development. Selling, general and administrative expenses ("SG&A") consisted primarily of legal fees incurred in operations and employee headcount related expenses. These comprise approximately 60% of total SG&A expense. Litigation expenses increased $3.0 million to $19.4 million in 2019 compared to 2018 and are primarily due to the timing of various outstanding litigation actions. See "Item 3. Legal Proceedings". Employee headcount related expenses decreased $2.0 million to $3.6 million in 2019 compared to 2018, primarily due to lower incentive bonuses.
Research and development expense remained flat between years.
Other expense decreased in 2019 as we no longer have exposure from the warrant liability, and included $0.7 million related to the sale of our investment in JVP, offset by $0.3 million of net interest income.
Income tax provision (benefit) is primarily a function of income (loss) before income, state income tax expense (benefit) and federal benefit of foreign derived intangible tax benefit related to 2018.
Table:
For the Years Ended December 31, |  |  |  | 
 | 2019 | 2018 | Change | % Change
(In millions, except percentages) |  |  |  | 
Revenues | $13.2 | $82.3 | $(69.1) | (84)%
Cost of revenues | 1.9 | 15.3 | (13.4) | (88)%
Gross profit | 11.3 | 67.0 | (55.7) | (83)%
Gross margin | 86 % | 81 % |  | 
Operating expenses: |  |  |  | 
Selling, general and administrative | 31.7 | 32.2 | (0.5) | (2)%
Research and development | 2.0 | 2.1 | (0.1) | (5)%
Total operating expenses | 33.7 | 34.3 | (0.6) | (2)%
Other expense | (0.3) | (4.0) | 3.7 | (93)%
Income (loss) before income taxes | (22.7) | 28.7 | (51.4) | (179)%
Income tax provision (benefit) | (6.2) | 8.0 | (14.2) | (178)%
Net income (loss) | $(16.5) | $20.7 | $(37.2) | (180)%


Question: What is the value of employee headcount related expenses as a percentage of the cost of revenues in 2019?
Answer: 189.47
Calculation: 3.6/1.9
Restricted Cash
The following table provides a reconciliation of the Company’s cash and cash equivalents, and current and non-current portion of restricted cash reported on the consolidated balance sheets that sum to the total cash, cash equivalents and restricted cash as of January 31, 2020 and February 1, 2019 (table in millions):
Amounts included in restricted cash primarily relate to certain employee-related benefits, as well as amounts related to installment payments to certain employees as part of acquisitions, subject to the achievement of specified future employment conditions.
Table:
 | January 31, 2020 | February 1, 2019
Cash and cash equivalents | $2,915 | $3,532
Restricted cash within other current assets | 83 | 35
Restricted cash within other assets | 33 | 29
Total cash, cash equivalents and restricted cash | $3,031 | $3,596


Question: What was the change in Restricted cash within other assets between 2019 and 2020?
Answer: 4
Calculation: 33-29
The following table provides a reconciliation of EBITDA and Adjusted EBITDA to net loss, the most directly comparable financial measure presented in accordance with U.S. GAAP:
(a) Represents new store marketing allowance of $1,000 for each store added to our distribution network, as well as the non-capitalized freight costs associated with Freshpet Fridge replacements. The expense enhances the overall marketing spend to support our growing distribution network.
(b) Represents additional operating costs incurred in connection with the start-up of our new manufacturing lines as part of the Freshpet Kitchens expansion project in 2016 that included adding two additional product lines.
(c) Represents the change of fair value for the outstanding common stock warrants. All outstanding warrants were converted to common stock in September 2017.
(d) Represents fees associated with secondary public offerings of our common stock
(e) Represents charges associated with our former Chief Executive Officer’s separation agreement as well as changes in estimates associated with leadership transition costs.
(f) Represents fees associated with two securities lawsuits
Table:
 | Twelve Months Ended December 31, |  |  |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
 | (Dollars in thousands) |  |  |  | 
Net loss | $(1,383) | $(5,361) | $(4,262) | $(3,161) | $(3,711)
Depreciation and amortization | 15,921 | 14,068 | 12,692 | 9,887 | 7,574
Interest expense | 991 | 296 | 910 | 698 | 455
Income tax expense | 144 | 77 | 75 | 66 | 58
EBITDA | $15,673 | $9,080 | $9,414 | $7,490 | $4,376
Loss on disposal of equipment | 787 | 142 | 104 | 190 | 94
Non-cash share-based compensation | 7,834 | 6,808 | 4,438 | 4,193 | 3,924
Launch expense (a) | 4,563 | 3,540 | 3,066 | 2,813 | 2,626
Plant start-up expenses (b) | — | — | — | 1,628 | —
Warrant fair valuation (c) | — | — | 335 | 49 | (503)
Secondary offering expenses (d) | 302 | 362 | — | — | 593
Leadership transition expenses (e) | — | — | 63 | 1,291 | —
Litigation expense (f) | — | 348 | 145 | — | —
Adjusted EBITDA | $29,159 | $20,280 | $17,565 | $17,654 | $11,110
Adjusted EBITDA as a % of Net Sales | 11.9% | 10.5% | 11.5% | 13.6% | 9.8%


Question: What was the average adjusted EBITDA for 2018 and 2019?
Answer: 24719.5
Calculation: (29,159+20,280)/2
16. INCOME TAXES
The components of (loss) income before (benefit from) income taxes are:
Table:
(in thousands) | 2019 | 2018 | 2017
Domestic | $(51,396) | (27,494) | 57,493
Foreign | (83,450) | 15,951 | 28,742
(Loss) income before (benefit from) income taxes | $(134,846) | $(11,543) | $86,235


Question: What are the respective loss before income tax benefits in 2018 and 2019?
Answer: 11,543, 134,846