hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
EXECUTIVE OFFICERS OF THE REGISTRANT
Executive officers of our Company are appointed by the Board of Directors and serve at the discretion of the Board. The following table sets forth certain information with respect to all executive officers of our Company.
CHRISTOPHER H. ATAYAN has served in various senior executive positions with the Company since March 2006, including his service as Chairman of the Board since January 2008 and Chief Executive Officer since October 2006, and has been a director of the Company since 2004. Mr. Atayan has served as the Senior Managing Director of Slusser Associates, a private equity and investment banking firm, since 1988, and has been engaged in private equity and investment banking since 1982. He also serves on the Board of Eastek Holdings, LLC, a manufacturing company.
ANDREW C. PLUMMER has served as our President and Chief Operating Officer since October 2018, as our Chief Financial Officer since January 2007, and as our Secretary from January 2007 to October 2018. From 2004 to 2007, Mr. Plummer served our company in various roles including Acting Chief Financial Officer, Corporate Controller, and Manager of SEC Compliance. Prior to joining our company in 2004, Mr. Plummer practiced public accounting, primarily with the accounting firm Deloitte and Touche, LLP (now Deloitte).
CHARLES J. SCHMADERER has served as the Company’s Vice President and Corporate Controller since April 2018 and as Secretary since October 2018. From 2006 to 2018, Mr. Schmaderer served the Company in various roles including as the Vice President of Financial Reporting and Assistant Secretary, and as the Director of Financial and SEC Reporting. Prior to joining AMCON in 2006, Mr. Schmaderer practiced public accounting, primarily with the accounting firm Grant Thornton, LLP and also holds a Master of Business Administration (MBA).
Table:
Name | Age | Position
Christopher H. Atayan | 59 | Chairman of the Board, Chief Executive Officer, Director
Andrew C. Plummer | 45 | President, Chief Financial Officer, Director
Charles J. Schmaderer | 50 | Vice President, Corporate Controller, Secretary


Question: Where did Charles J. Schmaderer practice public accounting at?
Answer: Grant Thornton, LLP
Preliminary Purchase Price Allocation
For the Assemble Systems, PlanGrid, and BuildingConnected acquisitions that were accounted for as business combinations, Autodesk recorded the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition. The fair values assigned to the identifiable intangible assets acquired were based on estimates and assumptions determined by management. Autodesk recorded the excess of consideration transferred over the aggregate fair values as goodwill. The goodwill recorded is primarily attributable to synergies expected to arise after the acquisition. There is no amount of goodwill that is deductible for U.S. income tax purposes.
The following table summarizes the fair value of the assets acquired and liabilities assumed by major class for the business combinations that were completed during the fiscal year ended January 31, 2019:
(1) During Q4 of fiscal 2019, Autodesk recorded a measurement period adjustment related to the valuation of the deferred tax liability associated with the Assemble Systems acquisition. This adjustment increased goodwill and reduced net tangible assets by $0.1 million.
For the three business combinations in fiscal 2019, the determination of estimated fair values of certain assets and liabilities is derived from estimated fair value assessments and assumptions by Autodesk. For PlanGrid and BuildingConnected, Autodesk's estimates and assumptions are subject to change within the measurement period (up to one year from the acquisition date). For the three business combinations in fiscal 2019, the tax impact of the acquisition is also subject to change within the measurement period. Different estimates and assumptions could result in different valuations assigned to the individual assets acquired and liabilities assumed, and the resulting amount of goodwill.
Table:
 | Assemble Systems (1) | PlanGrid | BuildingConnected | Total
Developed technologies | $4.4 | $78.0 | $12.5 | $94.9
Customer relationships and other non-current intangible assets | 12.0 | 98.0 | 26.9 | 136.9
Trade name | 2.8 | 20.0 | 6.8 | 29.6
Goodwill | 72.0 | 588.7 | 206.3 | 867.0
Deferred revenue (current and non-current) | (1.7) | (25.5) | (2.8) | (30.0)
Net tangible assets | 4.1 | 18.4 | 3.5 | 26.0
Total | $93.6 | $777.6 | $253.2 | $1,124.4


Question: How is the determination of estimated fair values of certain assets and liabilities for the three business combinations in fiscal 2019 derived?
Answer: For the three business combinations in fiscal 2019, the determination of estimated fair values of certain assets and liabilities is derived from estimated fair value assessments and assumptions by Autodesk
The tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities at each fiscal year-end are presented below (in thousands):
The Tax Act was enacted into law on December 22, 2017. The Tax Act included a reduction in the U.S. federal statutory corporate income tax rate (the “Tax Rate”) from 35% to 21% and introduced new limitations on certain business deductions. As a result, for the fiscal year ended September 30, 2018, we recognized a year-to-date, non-cash $32.5 million tax provision expense impact primarily related to the re-measurement of our deferred tax assets and liabilities due to the reduced Tax Rate.
Deferred tax assets as of September 29, 2019 include state net operating loss carry-forwards of approximately$27.4 million expiring at various times between 2020 and 2038. At September 29, 2019, we recorded a valuation allowance of$2.5 million related to losses and state tax credits, which decreased from the$3.6 million at September 30, 2018 primarily due to the release of the valuation allowance on prior year net operating losses. We believe that it is more likely than not that these net operating loss and credit carry-forwards will not be realized and that all other deferred tax assets will be realized through future taxable income or alternative tax strategies.
The major jurisdictions in which the Company files income tax returns include the United States and states in which we operate that impose an income tax. The federal statutes of limitations have not expired for fiscal years 2016 and forward. The statutes of limitations for California and Texas, which constitute the Company’s major state tax jurisdictions, have not expired for fiscal years 2015 and forward.
Table:
 | 2019 | 2018
Deferred tax assets: |  | 
Accrued defined benefit pension and postretirement benefits | $46,918 | $34,776
Deferred income | 13,803 | 1,535
Impairment | 9,981 | 11,388
Accrued insurance | 7,133 | 8,994
Share-based compensation | 5,415 | 4,936
Tax loss and tax credit carryforwards | 5,327 | 7,458
Lease commitments related to closed or refranchised locations | 3,786 | 4,696
Deferred interest deduction | 3,188 | —
Other reserves and allowances | 2,965 | 851
Accrued incentive compensation | 2,617 | 2,055
Accrued compensation expense | 1,092 | 2,034
Interest rate swaps | — | 181
Other, net | 868 | 2,206
Total gross deferred tax assets | 103,093 | 81,110
Valuation allowance | (2,485) | (3,554)
Total net deferred tax assets | 100,608 | 77,556
Deferred tax liabilities: |  | 
Intangible assets | (10,520) | (10,492)
Leasing transactions | (3,822) | (2,790)
Property and equipment, principally due to differences in depreciation | (128) | (1,855)
Other | (574) | (279)
Total gross deferred tax liabilities | (15,044) | (15,416)
Net deferred tax assets | $85,564 | $62,140


Question: What was the net deferred tax assets in 2019?
Answer: $85,564
remitted to the u.s . due to foreign tax credits and exclusions that may become available at the time of remittance . at december 31 , 2010 , aon had domestic federal operating loss carryforwards of $ 56 million that will expire at various dates from 2011 to 2024 , state operating loss carryforwards of $ 610 million that will expire at various dates from 2011 to 2031 , and foreign operating and capital loss carryforwards of $ 720 million and $ 251 million , respectively , nearly all of which are subject to indefinite carryforward . unrecognized tax provisions the following is a reconciliation of the company 2019s beginning and ending amount of unrecognized tax benefits ( in millions ) : .

Table:
 | 2010 | 2009
balance at january 1 | $ 77 | $ 86
additions based on tax positions related to the current year | 7 | 2
additions for tax positions of prior years | 4 | 5
reductions for tax positions of prior years | -7 ( 7 ) | -11 ( 11 )
settlements | -1 ( 1 ) | -10 ( 10 )
lapse of statute of limitations | -5 ( 5 ) | -3 ( 3 )
acquisitions | 26 | 6
foreign currency translation | -1 ( 1 ) | 2
balance at december 31 | $ 100 | $ 77
as of december 31 , 2010 , $ 85 million of unrecognized tax benefits would impact the effective tax rate if recognized .
aon does not expect the unrecognized tax positions to change significantly over the next twelve months , except for a potential reduction of unrecognized tax benefits in the range of $ 10-$ 15 million relating to anticipated audit settlements .
the company recognizes penalties and interest related to unrecognized income tax benefits in its provision for income taxes .
aon accrued potential penalties of less than $ 1 million during each of 2010 , 2009 and 2008 .
aon accrued interest of less than $ 1 million in 2010 , $ 2 million during 2009 and less than $ 1 million in 2008 .
aon has recorded a liability for penalties of $ 5 million and for interest of $ 18 million for both december 31 , 2010 and 2009 .
aon and its subsidiaries file income tax returns in the u.s .
federal jurisdiction as well as various state and international jurisdictions .
aon has substantially concluded all u.s .
federal income tax matters for years through 2006 .
material u.s .
state and local income tax jurisdiction examinations have been concluded for years through 2002 .
aon has concluded income tax examinations in its primary international jurisdictions through 2004. .

Question: what was the average accrued interest by aon from 2009 to 2010 in millions
Answer: 1.5
Calculation: add(1, 2), add(#0, 2), divide(#1, const_2)
CREDIT RISK
We are exposed to credit risk from operating activities and certain financing activities, the maximum exposure of which is represented by the carrying amounts reported in the statements of financial position.
We are exposed to credit risk if counterparties to our trade receivables and derivative instruments are unable to meet their obligations. The concentration of credit risk from our customers is minimized because we have a large and diverse customer base. There was minimal credit risk relating to derivative instruments at December 31, 2019 and 2018. We deal with institutions that have investment-grade credit ratings, and as such we expect that they will be able to meet their obligations. We regularly monitor our credit risk and credit exposure.
The following table provides the change in allowance for doubtful accounts for trade receivables.
Table:
 | NOTE | 2019 | 2018
Balance, January 1 |  | (51) | (54)
Adoption of IFRS 9 |  | – | (4)
Additions |  | (114) | (84)
Usage |  | 103 | 91
Balance, December 31 | 10 | (62) | (51)


Question: Which year was the amount for Usage larger?
Answer: 2019
Calculation: 103>91
Note 11. Share-Based Compensation
A summary of share-based compensation expense recognized in the Company’s Consolidated Statements of Operations is as follows (in thousands):
Table:
 |  | Year ended December 31, | 
 | 2019 | 2018 | 2017
Cost of revenues | $8,741 | $4,982 | $3,735
Research and development | 23,132 | 14,975 | 9,550
Sales and marketing | 38,325 | 27,324 | 16,015
General and administrative | 31,156 | 20,807 | 12,760
Total share-based compensation expense | $101,354 | 68,088 | 42,060


Question: What is the percentage change in share-based compensation for research and development between 2018 and 2019?
Answer: 54.47
Calculation: (23,132 - 14,975)/14,975
Subsequent to origination, the delinquency and write-off experience is monitored as key credit quality indicators for the portfolio of device payment plan agreement receivables and fixed-term service plans. The extent of collection efforts with respect to a particular customer are based on the results of proprietary custom empirically derived internal behavioral-scoring models that analyze the customer’s past performance to predict the likelihood of the customer falling further delinquent.
These customer-scoring models assess a number of variables, including origination characteristics, customer account history and payment patterns. Based on the score derived from these models, accounts are grouped by risk category to determine the collection strategy to be applied to such accounts.
Collection performance results and the credit quality of device payment plan agreement receivables are continuously monitored based on a variety of metrics, including aging. An account is considered to be delinquent and in default status if there are unpaid charges remaining on the account on the day after the bill’s due date.
At December 31, 2019 and 2018, the balance and aging of the device payment plan agreement receivables on a gross basis was as follows:
Table:
 | 2019 | 2018
Unbilled | $ 22,827 | $ 24,282
Billed: |  | 
Current | 1,286 | 1,465
Past due | 236 | 271
Device payment plan agreement receivables, gross | $ 24,349 | $ 26,018


Question: What was the average current billed for 2018 and 2019?
Answer: 1375.5
Calculation: (1,286 + 1,465) / 2
provision for income taxes increased $ 1791 million in 2012 from 2011 primarily due to the increase in pretax income from continuing operations , including the impact of the resumption of sales in libya in the first quarter of 2012 . the following is an analysis of the effective income tax rates for 2012 and 2011: .

Table:
 | 2012 | 2011
statutory rate applied to income from continuing operations before income taxes | 35% ( 35 % ) | 35% ( 35 % )
effects of foreign operations including foreign tax credits | 18 | 6
change in permanent reinvestment assertion | 2014 | 5
adjustments to valuation allowances | 21 | 14
tax law changes | 2014 | 1
effective income tax rate on continuing operations | 74% ( 74 % ) | 61% ( 61 % )
the effective income tax rate is influenced by a variety of factors including the geographic sources of income and the relative magnitude of these sources of income .
the provision for income taxes is allocated on a discrete , stand-alone basis to pretax segment income and to individual items not allocated to segments .
the difference between the total provision and the sum of the amounts allocated to segments appears in the "corporate and other unallocated items" shown in the reconciliation of segment income to net income below .
effects of foreign operations 2013 the effects of foreign operations on our effective tax rate increased in 2012 as compared to 2011 , primarily due to the resumption of sales in libya in the first quarter of 2012 , where the statutory rate is in excess of 90 percent .
change in permanent reinvestment assertion 2013 in the second quarter of 2011 , we recorded $ 716 million of deferred u.s .
tax on undistributed earnings of $ 2046 million that we previously intended to permanently reinvest in foreign operations .
offsetting this tax expense were associated foreign tax credits of $ 488 million .
in addition , we reduced our valuation allowance related to foreign tax credits by $ 228 million due to recognizing deferred u.s .
tax on previously undistributed earnings .
adjustments to valuation allowances 2013 in 2012 and 2011 , we increased the valuation allowance against foreign tax credits because it is more likely than not that we will be unable to realize all u.s .
benefits on foreign taxes accrued in those years .
see item 8 .
financial statements and supplementary data - note 10 to the consolidated financial statements for further information about income taxes .
discontinued operations is presented net of tax , and reflects our downstream business that was spun off june 30 , 2011 and our angola business which we agreed to sell in 2013 .
see item 8 .
financial statements and supplementary data 2013 notes 3 and 6 to the consolidated financial statements for additional information. .

Question: by how much did the effective income tax rate on continuing operations increase from 2011 to 2012?
Answer: 13%
Calculation: subtract(74%, 61%)
A tax credit of £8.9m in the year compared to a £13.7m charge in the prior year. This included a deferred tax credit in the current year of £6.1m, largely reflecting the loss before tax reported of £42.7m and a credit of £1.7m relating to the adjustment of prior period losses and capital allowances. A current year tax credit of £1.1m was in respect of overseas tax.
A deferred tax liability at 30 March 2019 of £13.5m compared to a liability of £12.1m at 31 March 2018. This movement is primarily due to a slightly higher pensions surplus reported at 30 March 2019 compared to 31 March 2018 reflecting the allowability for tax on pensions contribution payments. Recognised and unrecognised deferred tax assets relating to brought forward losses were approximately £44m at 30 March 2019 and equate to around £250m of future taxable profits.
The corporation tax rate and deferred tax rate applied in calculations are 19.0% and 17.0% respectively.
Table:
£m | 2018/19 | 2017/18 | Change
Overseas current tax |  |  | 
Current year | 1.1 | 0.8 | 0.3
Deferred tax |  |  | 
Current period | 6.1 | (4.1) | 10.2
Prior periods | 1.7 | (8.1) | 9.8
– Adjustment to restate opening deferred tax at 17.0% | – | (2.3) | 2.3
Income tax credit/ (charge) | 8.9 | (13.7) | 22.6


Question: What was the average income tax credit / (charge) for 2017/18 and 2018/19?
Answer: -2.4
Calculation: (8.9 - 13.7) / 2
shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the sec , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing . the following graph shows a five year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index and the dow jones transportation average . the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2011 in the standard & poor 2019s 500 index , the dow jones transportation average and our class b common stock. .

Table:
 | 12/31/2011 | 12/31/2012 | 12/31/2013 | 12/31/2014 | 12/31/2015 | 12/31/2016
united parcel service inc . | $ 100.00 | $ 103.84 | $ 152.16 | $ 165.35 | $ 154.61 | $ 189.72
standard & poor 2019s 500 index | $ 100.00 | $ 115.99 | $ 153.54 | $ 174.54 | $ 176.94 | $ 198.09
dow jones transportation average | $ 100.00 | $ 107.49 | $ 151.97 | $ 190.07 | $ 158.22 | $ 192.80
.

Question: for the five year period ending 12/31/2016 what was the difference in total performance between united parcel service inc . and the standard & poor 2019s 500 index?
Answer: -8.37%
Calculation: subtract(189.72, const_100), subtract(198.09, const_100), divide(#0, const_100), divide(#1, const_100), subtract(#2, #3)
BOOKINGS
The following table shows new orders levels for 2019 and the backlog for 2018:
The backlog includes orders for which purchase orders or letters of intent have been accepted, typically for up to one year. Historically, orders have been subject to cancellation or rescheduling by customers. In addition, orders have been subject to price negotiations and changes in specifications as a result of changes in customers’ requirements. Due to possible customer changes in delivery schedules and requirements, and to cancellations of orders, our backlog at any particular date is not necessarily indicative of actual sales for any subsequent period.
For the year in total, our new bookings increased by 24% in 2019 to €1,170 million, excluding the proceeds from the settlements. The book-to-bill, as measured by orders divided by revenue, was 1.0 in 2019. Equipment bookings were led by the foundry segment, followed by logic and memory. Bookings strengthened in the course of the year, excluding the settlement gains, from €235 million in the first quarter to €270 million in the second quarter, €292 million in the third quarter and finished at a new record high of €373 million in the fourth quarter. We also finished the year with a record high order backlog of €351 million, an increase of 16% compared to the end of 2018.
Table:
 |  | Year ended December 31, | 
(EUR million) | 2018 | 2019 | % Change
Backlog at the beginning of the year | 176.3 | 301.5 | 71%
New orders | 942.1 | 1,328.9 | 41%
Revenue | (818.1) | (1,283.9) | 57%
FX-effect | 6.3 | 4.7 | 
Adjustment IFRS 15 | (5.1) | – | 
Backlog as per reporting date | 301.5 | 351.2 | 16%
Book-to-bill ratio (new orders divided by net sales) | 1.2 | 1.0 | 


Question: What was the percentage increase in new bookings in 2019 for the year in total?
Answer: 24%
For the periods indicated, the weighted-average fair value of options and weighted-average assumptions were as follows:
*Options valued using Monte Carlo Valuation Method
As of June 30, 2019, the total compensation cost related to the unvested stock option awards not yet recognized was approximately $24.1 million, which will be recognized over a weighted-average period of approximately 3.0 years.
No cash was used by us to settle equity instruments granted under share-based compensation arrangements in any of the periods presented.
We have not capitalized any share-based compensation costs as part of the cost of an asset in any of the periods presented.
For the year ended June 30, 2019, cash in the amount of $35.6 million was received as the result of the exercise of options granted under share-based payment arrangements. The tax benefit realized by us during the year ended June 30, 2019 from the exercise of options eligible for a tax deduction was $2.9 million.
For the year ended June 30, 2018, cash in the amount of $54.4 million was received as the result of the exercise of options granted under share-based payment arrangements. The tax benefit realized by us during the year ended June 30, 2018 from the exercise of options eligible for a tax deduction was $1.5 million.
For the year ended June 30, 2017, cash in the amount of $20.8 million was received as the result of the exercise of options granted under share-based payment arrangements. The tax benefit realized by us during the year ended June 30, 2017 from the exercise of options eligible for a tax deduction was $2.2 million.
Table:
 |  | Year Ended June 30, | 
 | 2019 | 2018 | 2017
Weighted–average fair value of options granted | $8.39 | $7.58 | $7.06
Weighted-average assumptions used: |  |  | 
Expected volatility | 25.72% | 26.95% | 28.32%
Risk–free interest rate | 2.57% | 2.18% | 1.46%
Expected dividend yield | 1.54% | 1.50% | 1.43%
Expected life (in years) | 4.44 | 4.38 | 4.51
Forfeiture rate (based on historical rates) | 6% | 6% | 5%
Average exercise share price | $38.81 | $34.60 | $31.75
Derived service period (in years)* | N/A | N/A | 1.79


Question: How much was the tax benefit realised by the company during the year ended June 30, 2019?
Answer: $1.5 million