hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Item 2. PROPERTIES
We operate 31 distributions centers located in the United States and Canada totaling approximately 1.7 million square feet. We own a 59,500 square foot distribution center in Cincinnati, Ohio and a 10,000 square foot protein processing facility and distribution center in Chicago, Illinois. All of our other properties are leased. The following table sets forth our distribution, protein processing, corporate and other support facilities by state or province and their approximate aggregate square footage as of February 21, 2020 (1).
(1)  Excludes the impact of our recent acquisitions of Sid Wainer & Son and Cambridge Packing Co, Inc. more fully described in 'Management's Discussion and Financial Condition and Results of Operations — Overview and Recent Developments."
(2)  Represents our corporate headquarters in Ridgefield, Connecticut.
We consider our properties to be in good condition generally and believe our facilities are adequate for our operations and provide sufficient capacity to meet our anticipated requirements.
Table:
State / Province | Number of Facilities | Aggregate Size
California | 10 | 618,900
New York | 1 | 231,100
Texas | 3 | 214,300
Illinois | 3 | 144,200
Ohio | 2 | 120,400
Maryland | 3 | 115,300
Nevada | 1 | 74,000
Oregon | 1 | 55,500
Ontario | 1 | 51,300
Florida | 2 | 48,300
New Jersey | 1 | 38,400
Connecticut(2) | 1 | 29,200
British Columbia | 1 | 24,900
Alberta | 2 | 16,500
Arizona | 1 | 14,500
Washington | 1 | 10,500
Total | 34 | 1,807,300


Question: What is the average aggregate size of the facilities in Arizona and Washington?
Answer: 12500
Calculation: (14,500+ 10,500)/2
The assumptions used to calculate these amounts for fiscal 2019 are set forth under Note 16 of the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for fiscal year 2019 filed with the SEC on August 27, 2019.
(2) Amounts shown do not reflect compensation actually received by the NEO. Instead, the amounts shown in this column represent the grant date fair values of stock options issued pursuant to the Company’s 2003 Equity Incentive Plan and certain inducement grants, computed in accordance with FASB ASC Topic 718. The assumptions used to calculate these amounts for fiscal 2019 are set forth under Note 16 of the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for fiscal year 2019 filed with the SEC on August 27, 2019.
(3) All non-equity incentive plan compensation was paid pursuant to the Variable Pay Plan.
(4) The amounts in the “All Other Compensation” column for fiscal 2019 include: $4,000 401(k) matching contribution by the Company for each NEOs other than Mr. McNab.
(5) The Compensation Committee awarded Mr. Maletira a one-time discretionary bonus in the amount of $180,000 in connection with his work on the AvComm and Wireless acquisition. Please see “Discretionary Bonuses” under the Compensation Discussion and Analysis on page 36 of this proxy statement.
(6) Mr. Staley was awarded a $60,000 sign-on bonus when he joined the Company in February 2017.
The amounts in the salary, bonus, and non-equity incentive plan compensation columns of the Summary Compensation Table reflect actual amounts paid for the relevant years, while the amounts in the stock awards column reflect accounting values. The tables entitled “Outstanding Equity Awards at Fiscal Year-End Table” and “Option Exercises and Stock Vested Table” provide further information on the named executive officers’ potential realizable value and actual value realized with respect to their equity awards. The Summary Compensation Table should be read in conjunction with the Compensation Discussion and Analysis and the subsequent tables and narrative descriptions.
Table:
Name | Fiscal Year | Maximum Possible Value of MSUs Using Grant Date Fair Value | Maximum Possible Value of PSUs Using Grant Date Fair Value
Oleg Khaykin | 2019 | 4,067,526 | —
 | 2018 | 2,457,750 | 909,900
 | 2017 | 659,618 | —
Amar Maletira | 2019 | 1,379,350 | —
 | 2018 | 1,015,870 | 454,950
 | 2017 | 574,500 | —
Paul McNab | 2019 | 591,150 | —
 | 2018 | 442,395 | —
 | 2017 | 373,425 | —
Luke Scrivanich | 2019 | 591,150 | —
 | 2018 | 442,395 | —
 | 2017 | 393,600 | —
Gary Staley | 2019 | 591,150 | —
 | 2018 | 943,527 | —
 | 2017 | 303,948 | —


Question: What was the maximum possible value of MSU's using grant date fair value for Paul McNab in 2019?
Answer: 591,150
Interest expense and financing costs
Fees and discounts associated with the issuance of our debt instruments are recorded as debt discount, which reduces their respective carrying values, and are amortized over their respective terms. Amortization expense is recorded within “Interest and other expense (income), net” in our consolidated statement of operations.
For the years ended December 31, 2019, 2018, and 2017: interest expense was $86 million, $134 million, and $150 million, respectively; amortization of the debt discount and deferred financing costs was $4 million, $6 million, and $12 million, respectively.
A summary of our outstanding debt is as follows (amounts in millions):
With the exception of the 2026 and the 2047 Notes, using Level 2 inputs (i.e., observable market prices in less-than-active markets) at December 31, 2019, the carrying values of the Notes approximated their fair values, as the interest rates were similar to the current rates at which we could borrow funds over the selected interest periods. At December 31, 2019, based on Level 2 inputs, the fair value of the 2026 and the 2047 Notes were $893 million and $456 million, respectively.
Using Level 2 inputs at December 31, 2018, the carrying values of the 2021 Notes and the 2022 Notes approximated their fair values, as the interest rates were similar to the current rates at which we could borrow funds over the selected interest periods. At December 31, 2019, based on Level 2 inputs, the fair values of the 2026 Notes, the 2027 Notes, and the 2047 Notes were $800 million, $376 million, and $360 million, respectively.
Table:
 |  | At December 31, 2019 | 
 | Gross Carrying Amount | Unamortized Discount and Deferred Financing Costs | Net Carrying Amount
2021 Notes | $650 | $(2) | $648
2022 Notes | 400 | (2) | 398
2026 Notes | 850 | (7) | 843
2027 Notes | 400 | (5) | 395
2047 Notes | 400 | (9) | 391
Total long-term debt | $2,700 | $(25) | $2,675
 |  | At December 31, 2018 | 
 | Gross Carrying Amount | Unamortized Discount and Deferred Financing Costs | Net Carrying Amount
2021 Notes | 650 | (3) | 647
2022 Notes | 400 | (3) | 397
2026 Notes | 850 | (8) | 842
2027 Notes | 400 | (5) | 395
2047 Notes | 400 | (10) | 390
Total long-term debt | $2,700 | $(29) | $2,671


Question: What was the interest expense for 2019?
Answer: $86 million
iv. Details of the Remuneration for the year ended March 31, 2019:
a. Non-Executive Directors:
@ As a policy, N Chandrasekaran, Chairman, has abstained from receiving commission from the
Company.
@@ In line with the internal guidelines of the Company, no payment is made towards commission to
the Non-Executive Directors of the Company, who are in full time employment with any other Tata
company.
* Relinquished the position of Independent Director w.e.f. July 10, 2018.
** Relinquished the position of Independent Director w.e.f. September 28, 2018.
*** Appointed as an Additional and Independent Director w.e.f. December 18, 2018.
**** Appointed as an Additional and Independent Director w.e.f. January 10, 2019.
Table:
 |  | (` lakh)
Name | Commission | Sitting Fees
N Chandrasekaran, Chairman@ | - | 3.60
Aman Mehta | 315.00 | 4.80
V Thyagarajan* | 100.00 | 3.00
Prof Clayton M Christensen** | 75.00 | 0.30
Dr Ron Sommer | 220.00 | 5.10
O P Bhatt | 215.00 | 7.50
Aarthi Subramanian@@ | - | 5.70
Dr Pradeep Kumar Khosla | 150.00 | 2.10
Hanne Sorensen*** | 50.00 | 0.60
Keki Mistry*** | 50.00 | 0.60
Don Callahan**** | 35.00 | 0.30
Total | 1,210.00 | 33.60


Question: Who received the highest sitting fees?
Answer: O P Bhatt
The valuation allowance activity for the years ended September 30, 2019, 2018, and 2017 is as follows:
The Company completed an Internal Revenue Code Section 382 analysis of the loss carry forwards in 2009 and determined then that all of the Company’s loss carry forwards are utilizable and not restricted under Section 382. The Company has not updated its Section 382 analysis subsequent to 2009 and does not believe there have been any events subsequent to 2009 that would impact the analysis.
The Company is required to recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. The Company applies the interpretation to all tax positions for which the statute of limitations remained open. The Company had no liability for unrecognized tax benefits and did not recognize any interest or penalties during the years ended September 30, 2019, 2018, or 2017.
The Company is subject to income taxes in the U.S. federal jurisdiction, and various state jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. With few exceptions, the Company is no longer subject to U.S. federal, state and local, income tax examinations by tax authorities for fiscal years ending prior to 2004. We are generally subject to U.S. federal and state tax examinations for all tax years since 2003 due to our net operating loss carryforwards and the utilization of the carryforwards in years still open under statute. During the year ended September 30, 2018, the Company was examined by the U.S. Internal Revenue Service for fiscal year 2016. This examination resulted in no adjustments. The Company changed its fiscal year end in 2007 from March 31 to September 30.
Table:
Year Ended | Balance at Beginning of Year | Income Tax Expense (Benefit) | Reversal for State NOL Expiration and Utilization | Balance at End of Year
September 30, 2019 | $104,858 | $10,448 | $(68,292) | $47,014
September 30, 2018 | 159,154 | 79,377 | (133,673) | 104,858
September 30, 2017 | 322,404 | (32,154) | (131,096) | 159,154


Question: What is the balance at the beginning of 2018 and 2017 respectively?
Answer: 159,154, 322,404
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 restructuring expense in  Quarter Ended  December?
Answer: $1,418
entergy corporation and subsidiaries notes to financial statements as of december 31 , 2008 , system energy had future minimum lease payments ( reflecting an implicit rate of 5.13% ( 5.13 % ) ) , which are recorded as long-term debt as follows : amount ( in thousands ) .

Table:
 | amount ( in thousands )
2009 | $ 47760
2010 | 48569
2011 | 49437
2012 | 49959
2013 | 50546
years thereafter | 103890
total | 350161
less : amount representing interest | 54857
present value of net minimum lease payments | $ 295304
.

Question: what percent of lease payments are due after 2013?
Answer: 29.67%
Calculation: divide(103890, 350161)
The total remuneration of the Group’s auditors, PricewaterhouseCoopers LLP and other member firms of PricewaterhouseCoopers International Limited, for services provided to the Group during the year ended 31 March 2019 is analysed below
Notes: 1 Fees during the implementation phase of new accounting standards, notably preparations for IFRS 15 “Revenue from Contracts with Customers” in the year ended 31 March 2018 and preparations for IFRS 16 “Leases” in the year ended 31 March 2019.
2 Relates to fees for statutory and regulatory filings during the year. In addition, the amount for the year ended 31 March 2018 includes non-recurring fees that were incurred during the preparations for a potential IPO of Vodafone New Zealand and the merger of Vodafone India and Idea Cellular. The amount for the year ended 31 March 2017 primarily arose from work on regulatory filings prepared in anticipation of a potential IPO of Vodafone India that was under consideration prior to the agreement for the merger of Vodafone India and Idea Cellular.
A description of the work performed by the Audit and Risk Committee in order to safeguard auditor independence when non-audit services are provided is set out in the Audit and Risk Committee report on pages 71 to 76.
Table:
 | 2019 | 2018 | 2017
 | €m | €m | €m
Parent company | 2 | 2 | 2
Subsidiaries | 14 | 14 | 13
Subsidiaries – new accounting standards1 | 1 | 5 | 1
Audit fees: | 17 | 21 | 16
Audit-related fees2 | 2 | 5 | 4
Non-audit fees: | 2 | 5 | 4
Total fees | 19 | 26 | 20


Question: What is the average total fees for 2018 and 2019?
Answer: 22.5
Calculation: (19+26)/2
3. REVENUE FROM CONTRACTS WITH CUSTOMERS
Revenues and related costs on construction contracts are recognized as the performance obligations are satisfied over time in accordance with ASC 606, Revenue from Contracts with Customers. Under ASC 606, revenue and associated profit, will be recognized as the customer obtains control of the goods and services promised in the contract (i.e., performance obligations). The cost of uninstalled materials or equipment will generally be excluded from the Company’s recognition of profit, unless specifically produced or manufactured for a project, because such costs are not considered to be a measure of progress.
The following tables summarize the impact of the adoption of ASC 606 on the Company’s condensed consolidated statement of operations for the year ended December 31, 2018 and the consolidated balance sheet as of December 31, 2018:
Table:
 |  | For the Year Ended December 31, 2018 | 
 | As Reported | Without Adoption of ASC 606 | Impact of Adoption of ASC 606
Revenue | $70,965 | $68,845 | $(2,120)
Cost of goods sold | 58,701 | 57,471 | (1,230)
Gross profit | 12,264 | 11,374 | (890)


Question: What is the percentage change in revenue after the adoption of ASC 606?
Answer: 3.08
Calculation: (70,965-68,845)/68,845
Performance Share Units
The following table illustrates the number and WASP on date of award, and movements in, performance share units (“PSUs”) granted under the 2015 LTIP:
PSUs vest on one vesting date following a three year vesting period which will comprise three financial years. The awards are divided into three equal parts which will each be subject to a separate annual performance condition linked to the financial performance of the Group.
Table:
 | Year-ended 31 March 2019 |  | Year-ended 31 March 2018 | 
 | Number | WASP | Number | WASP
Performance share units | 000’s | £ pence | 000’s | £ pence
Outstanding at the start of the year | 7,546 | 269.65 | 6,024 | 219.41
Awarded | 1,721 | 506.74 | 1,719 | 440.50
Forfeited | (2,234) | 414.51 | (197) | 223.96
Released | (2,949) | 262.64 | – | –
Outstanding at the end of the year | 4,084 | 295.41 | 7,546 | 269.65


Question: In which year was the number of PSUs awarded larger?
Answer: 2019
Calculation: 1,721>1,719
Asset Retirement Obligations
At December 31, 2019, our asset retirement obligations balance was primarily related to estimated future costs of removing equipment from leased properties and estimated future costs of properly disposing of asbestos and other hazardous materials upon remodeling or demolishing buildings. Asset retirement obligations are included in other long-term liabilities on our consolidated balance sheets.
As of the Level 3 acquisition date, we recorded liabilities to reflect our fair values of Level 3’s asset retirement obligations. Our fair value estimates were determined using the discounted cash flow method.
The following table provides asset retirement obligation activity:
(1) The liabilities assumed during 2018 relate to purchase price adjustments during the year.
The 2019, 2018 and 2017 change in estimates are offset against gross property, plant and equipment.
Table:
 | Years Ended December 31, |  | 
 | 2019 | 2018 | 2017
 | (Dollars in millions) |  | 
Balance at beginning of year | $190 | 115 | 95
Accretion expense | 11 | 10 | 6
Liabilities assumed in acquisition of Level 3(1) | — | 58 | 45
Liabilities settled | (14) | (14) | (3)
Liabilities transferred to Cyxtera | — | — | (20)
Change in estimate | 10 | 21 | (8)
Balance at end of year | $197 | 190 | 115


Question: What are the 2019, 2018 and 2017 change in estimates offset against?
Answer: gross property, plant and equipment
Property and Equipment
Property and equipment is recorded at cost and consists of furniture, computers, other office equipment, and leasehold improvements. We depreciate the cost of furniture, computers, and other office equipment on a straight-line basis over their estimated useful lives (five years for office equipment, seven years for furniture and fixtures). Leasehold improvements are depreciated over the lesser of their useful lives or the term of the lease. Depreciation and amortization expense for 2019, 2018, and 2017 was approximately $8.0 million, $8.6 million, and $9.1 million, respectively, and was included in “Depreciation and amortization” in the Consolidated Statements of Income. Amortization expense on intangible assets in 2019, 2018 and 2017 was immaterial.
Property and equipment, at cost, consist of the following (in thousands):
Table:
 | December 31 | 
 | 2019 | 2018
Office equipment | $ 38,373 | $ 39,633
Furniture and fixtures | 5,017 | 4,610
Leasehold improvement | 23,534 | 19,430
Property and equipment, gross | 66,924 | 63,673
Less accumulated depreciation | (44,199 ) | (49,355 )
Property and equipment, net | $ 22,725 | $ 14,318


Question: What is the change in office equipment cost in 2019 and 2018?
Answer: 1260
Calculation: $39,633-38,373
2019 financial year guidance
The adjusted EBITDA and free cash flow guidance measures for the year ended 31 March 2019 were forward-looking alternative performance measures based on the Group’s assessment of the global macroeconomic outlook and foreign exchange rates of €1:£0.87, €1:ZAR 15.1, €1:TRY 5.1 and €1:EGP 22.1. These guidance measures exclude the impact of licence and spectrum payments, material one-off tax-related payments, restructuring payments, changes in shareholder recharges from India and any fundamental structural change to the Eurozone. They also assume no material change to the current structure of the Group. We believe it is both useful and necessary to report these guidance measures to give investors an indication of the Group’s expected future performance, the Group’s sensitivity to foreign exchange movements and to report actual performance against these guidance measures.
Reconciliations of adjusted EBITDA and free cash flow to the 2019 financial year guidance basis is shown below.
Table:
 |  | Adjusted EBITDA |  | Free cash flow (pre-spectrum)
 | 2019 €m | 2018 €m | Growth | 2019 €m
Reported (IAS 18 basis) | 14,139 | 14,737 | (4.1)% | 5,443
Other activity (including M&A) | (95) | (341) |  | –
Foreign exchange | – | (288) |  | –
Handset financing and settlements | (198) | (674) |  | –
Guidance basis | 13,846 | 13,434 | 3.1% | 5,443


Question: Which financial years' information is shown in the table?
Answer: 2018, 2019
PSUs – Total Shareholder Return (TSR)
The PSUs granted based on TSR are contingently awarded and will be payable in shares of the Company’s common stock subject to the condition that the number of PSUs, if any, earned by the employees upon the expiration of a three-year award performance period is dependent on the Company’s TSR ranking relative to a peer group of companies. The fair value of the PSUs based on TSR was estimated on the grant date using a Monte Carlo Simulation. Other assumptions include the expected volatility of all companies included in the TSR, the historical share price returns analysis of all companies included in the TSR and assumes dividends are reinvested. The expected volatility was based on the historical volatility for a period of time that approximates the duration between the valuation date and the end of the performance period. The risk-free interest rate is based on the Zero-Coupon Treasury STRIP yield curve matching the term from the valuation date to the end of the performance period. Compensation expense for the PSUs based on TSR (which is considered a market condition) is a fixed amount determined at the grant date fair value and is recognized 100% over the three-year award performance period regardless of whether PSUs are awarded at the end of the award performance period.
The number of PSUs granted based on TSR and the assumptions used to calculate the grant date fair value of the PSUs based on TSR are shown in the following table:
(1) For 2019, this represents the weighted average fair value for PSU awards approved during the first and third quarter.
(2) For 2019, values represent weighted average assumptions for PSU awards approved during the first and third quarter.
(3) On May 18, 2017, the O&C Committee approved a change in the vesting policy regarding the existing 2017 Three year PSU Awards for Ilham Kadri. The modified vesting terms resulted in award modification accounting treatment. The weighted average fair value on grant date reflects the impact of the fair value on date of modification for these awards.
Table:
 | 2019 | 2018 | 2017
Number of units granted | 70,543 | 56,829 | 100,958
Weighted average fair value on grant date(1) (3) | $ 57.53 | $ 43.40 | $ 44.24
Expected Price volatility(2) | 22.86% | 22.00% | 25.31 %
Risk-free interest rate(2) | 2.36% | 2.00% | 1.56 %


Question: What is the average Risk-free interest rate for the 3 years?
Answer: 1.97
Calculation: (2.36+2.00+1.56)/3