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)
The following table summarizes the estimated preliminary fair values of the assets acquired and liabilities assumed from the acquisition in 2019:
Table:
 | Preliminary: September 10, 2019 | Measurement Period Adjustments | Preliminary: December 31, 2019
Accounts and other receivable, net | $  128,221 | $  - | $  128,221
Inventories | 140,678 | (900) | 139,778
Property and equipment | 65,016 | (1,984) | 63,032
Operating lease right-of-use assets | 60,217 | (144) | 60,073
Goodwill | 143,262 | (30,222) | 113,040
Intangible assets | 125,000 | (1,000) | 124,000
Deferred income tax assets | 14,767 | (14,767) | —
Other assets | 61,511 | 2,507 | 64,018
Total assets acquired | 738,672 | (46,510) | 692,162
Accounts payable | 144,652 | 50 | 144,702
Operating lease liability | 59,634 | 477 | 60,111
Pension liability | 48,494 | 192 | 48,686
Deferred income tax liabilities | 37,218 | (31,372) | 5,846
Other liabilities | 80,876 | (9,312) | 71,564
Total liabilities assumed | 370,874 | (39,965) | 330,909
Total fair value of net assets acquired | $367,798 | $  (6,545) | $361,253


Question: What does the table show?
Answer: summarizes the estimated preliminary fair values of the assets acquired and liabilities assumed from the acquisition in 2019
Write-offs of lease receivables and loan receivables were $15 million and $20 million, respectively, for the year ended December 31, 2018. Provisions for credit losses recorded for lease receivables and loan receivables were $14 million and $2 million, respectively, for the year ended December 31, 2018.
The average recorded investment of impaired leases and loans for Americas, EMEA and Asia Pacific was $138 million, $55 million and $73 million, respectively, for the year ended December 31, 2018. Both interest income recognized, and interest income recognized on a cash basis on impaired leases and loans were immaterial for the year ended December 31, 2018.
Table:
($ in millions) |  |  |  | 
At December 31, 2018: | Americas | EMEA | Asia Pacific | Total
Recorded investment: |  |  |  | 
Lease receivables | $ 3,827 | $1,341 | $1,152 | $ 6,320
Loan receivables | 6,817 | 3,675 | 2,489 | 12,981
Ending balance | $10,644 | $5,016 | $3,641 | $19,301
Recorded investment, collectively evaluated for impairment | $10,498 | $4,964 | $3,590 | $19,052
Recorded investment, individually evaluated for impairment | $   146 | $   52 | $   51 | $   249
Allowance for credit losses |  |  |  | 
Beginning balance at January 1, 2018 |  |  |  | 
Lease receivables | $    63 | $    9 | $   31 | $   103
Loan receivables | 108 | 52 | 51 | 211
Total | $   172 | $   61 | $   82 | $   314
Write-offs | (10) | (2) | (23) | (35)
Recoveries | 0 | 0 | 2 | 2
Provision | 7 | 9 | 0 | 16
Other* | (11) | (3) | (4) | (19)
Ending balance at December 31, 2018 | $   158 | $   65 | $   56 | $   279
Lease receivables | $    53 | $   22 | $    24 | $    99
Loan receivables | $   105 | $   43 | $    32 | $   179
Related allowance, collectively evaluated for impairment | $    39 | $   16 | $    5 | $     59
Related allowance, individually evaluated for impairment | $   119 | $   49 | $    51 | $   219


Question: How much credit losses were recorded for lease and loan receivables for December 2018?
Answer: Provisions for credit losses recorded for lease receivables and loan receivables were $14 million and $2 million, respectively, for the year ended December 31, 2018.
1.25% Notes Embedded Cash Conversion Option
The embedded cash conversion option within the 1.25% Notes is required to be separated from the 1.25% Notes and accounted for separately as a derivative liability, with changes in fair value recognized immediately in our consolidated statements of operations in Other income (loss), net until the cash conversion option settles or expires.
The initial fair value liability of the embedded cash conversion option was $82.8 million, which simultaneously reduced the carrying value of the 1.25% Notes (effectively an original issuance discount). The embedded cash conversion option is measured and reported at fair value on a recurring basis within Level 3 of the fair value hierarchy. For further discussion of the inputs used to determine the fair value of the embedded cash conversion option, refer to Note 1, “Basis of Presentation and Significant Accounting Policies.”
The following table shows the net impact of the changes in fair values of the 1.25% Call Option and 1.25% Notes embedded cash conversion option in the consolidated statements of operations:
Table:
 |  | Year Ended December 31, | 
(In thousands) | 2019 | 2018 | 2017
1.25% Call Option | $ (9,020) | $ (37,474) | $ 29,498
1.25% Embedded cash conversion option | 9,789 | 37,803 | (30,118)
Net (loss) income included in other income, net | $ 769 | $ 329 | $ (620)


Question: What is the change in the value of 1.25% call option from 2018 to 2019?
Answer: 28454
Calculation: -9,020 - (-37,474)
NOTE 6- continued
¹⁾ For additional information regarding impairment considerations, please refer to note 8.
Included in the carrying amount for "Vessels and capitalized dry-docking" are capitalized drydocking costs in the amount of USD 60.7m (2018: USD 67.5m, 2017: USD 68.1m).
The sale and leaseback transactions in 2019 were all classified as financing arrangements and did not result in derecognition of the underlying assets as control was retained by the Group.
Table:
USDm | 2019 | 2018 | 2017
Vessels and capitalized dry-docking |  |  | 
Cost: |  |  | 
Balance as of 1 January | 1,886.3 | 1,726.6 | 1,697.4
Additions | 81.3 | 162.7 | 103.1
Disposals | -25.6 | -30.2 | -14.3
Transferred from prepayments | 252.3 | 81.8 | -
Transferred to assets held for sale | -130.1 | -54.6 | -59.6
Balance as of 31 December | 2,064.2 | 1,886.3 | 1,726.6
Depreciation: |  |  | 
Balance as of 1 January | 327.6 | 264.8 | 180.0
Disposals | -25.6 | -30.2 | -14.3
Depreciation for the year | 106.5 | 113.4 | 113.6
Transferred to assets held for sale | -47.9 | -20.4 | -14.5
Balance as of 31 December | 360.6 | 327.6 | 264.8
Impairment: |  |  | 
Balance as of 1 January | 162.1 | 167.3 | 173.6
Impairment losses on tangible fixed assets | 6.0 | 3.2 | 3.6
Reversal of impairment ¹⁾ | -120.0 | - | -
Transferred to assets held for sale | -19.3 | -8.4 | -9.9
Balance as of 31 December | 28.8 | 162.1 | 167.3
Carrying amount as of 31 December | 1,674.8 | 1,396.6 | 1,294.5


Question: What was the change in Additions in 2019 from 2018?
Answer: -81.4
Calculation: 81.3-162.7
Net Income Per Share
Basic net income per share is computed by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted net income per share is computed giving effect to all potentially dilutive common stock and common stock equivalents, including stock options, RSUs and common stock subject to repurchase.
The following table reconciles the shares used in calculating basic net income per share and diluted net income per share (in thousands):
Table:
 |  | Fiscal Year Ended | 
 | December 28, 2019 | December 29, 2018 | December 30, 2017
Weighted-average shares used in computing basic net income per share | 74,994 | 73,482 | 72,292
Add potentially dilutive securities | 2,292 | 1,700 | 1,947
Weighted-average shares used in computing basic and diluted net income per share | 77,286 | 75,182 | 74,239


Question: What is the change in Weighted-average shares used in computing basic net income per share from Fiscal Year Ended December 28, 2019 to December 29, 2018?
Answer: 1512
Calculation: 74,994-73,482
The fair value of the assets held by the U.K. pension plan by asset category are as follows:
The expected long-term rates of return on plan assets are equal to the yields to maturity of appropriate indices for government and corporate bonds and by adding a premium to the government bond return for equities. The expected rate of return on cash is the Bank of England base rate in force at the effective date.
Level 1 investments represent mutual funds for which a quoted market price is available on an active market. These investments primarily hold stocks or bonds, or a combination of stocks and bonds.
Table:
 |  |  |  | Fair value as of |  |  |  | 
 | September 30, 2019 |  |  |  | September 30, 2018 |  |  | 
 | Fair Value Measurements Using Inputs Considered as |  |  |  | Fair Value Measurements Using Inputs Considered as |  |  | 
Asset category | Total | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3
Cash on deposit | $279 | $279 | $- | $- | $36 | $36 | $- | $-
Pooled funds | 7,959 | 7,959 | - | - | 8,234 | 8,234 | - | -
Total plan assets | $8,238 | $8,238 | $- | $- | $8,270 | $8,270 | $- | $-


Question: What is the difference in the Level 2 and 3 cash on deposit as of September 2019?
Answer: 0
Calculation: 0 - 0
The following table reconciles total segment adjusted EBITDA to net (loss) income for the years ended December 31, 2019, 2018 and 2017:
We do not have any single customer that provides more than 10% of our consolidated total operating revenue.
The assets we hold outside of the U.S. represent less than 10% of our total assets. Revenue from sources outside of the U.S. is responsible for less than 10% of our total operating revenue.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
 |  | (Dollars in millions) | 
Total segment adjusted EBITDA | $15,987 | 16,647 | 12,560
Depreciation and amortization | (4,829) | (5,120) | (3,936)
Goodwill impairment | (6,506) | (2,726) | —
Other operating expenses | (7,216) | (8,045) | (6,504)
Share-based compensation | (162) | (186) | (111)
Operating (loss) income | (2,726) | 570 | 2,009
Total other expense, net | (2,040) | (2,133) | (1,469)
(Loss) income before income taxes | (4,766) | (1,563) | 540
Income tax expense (benefit) | 503 | 170 | (849)
Net (loss) income | $(5,269) | (1,733) | 1,389


Question: What is the Depreciation and amortization for 2019?
Answer: (4,829)
Minimising our environmental impact
During FY19 we have undertaken energy audits across all our UK manufacturing sites as part of our Energy Savings Opportunity Scheme (‘ESOS’) compliance programme, which is a mandatory energy assessment scheme for UK organisations. Our progress on energy efficiency improvements remains good, and we have delivered a further 4.9% improvement in our primary energy per tonne of product against last year, and 26.5% over the last six years.
Table:
Category | Destination | FY19 |  | FY18 | 
 |  | Tonnes | % of production | Tonnes | % of production
 | Redistribution for human consumption | 950 | 0.3% | 791 | 0.2%
Waste avoided | Animal feed | 4,454 | 1.2% | 4,895 | 1.3%
 | Total | 5,404 | 1.5% | 5,686 | 1.5%
 | Co/Anaerobic digestion | 24,978 | 6.6% | 32,202 | 8.3%
Food waste | Controlled combustion | 1,650 | 0.4% | 1,964 | 0.5%
 | Sewer | 8,280 | 2.2% | 6,746 | 1.7%
 | Total | 34,908 | 9.2% | 40,912 | 10.5%


Question: What is the total food waste for FY18?
Answer: 40,912
INCOME TAX EXPENSE
Below is a summary of the difference between income tax expense computed by applying the statutory income tax rate to income before income tax expense and the actual income tax expense for the year.
Our effective income tax rate this year was 25.8% compared to 26.9% for 2018. The effective income tax rate for 2019 was lower than the statutory tax rate primarily as a result of a reduction to the Alberta corporate income tax rate over a four-year period.
Table:
(In millions of dollars, except tax rates) | Years ended December 31 |  | 
 | 2019 | 2018 | %Chg
Adjusted EBITDA 1 | 6,212 | 5,983 | 4
Deduct (add): |  |  | 
Depreciation and amortization | 2,488 | 2,211 | 13
Gain on disposition of property, plant and equipment | - | (16) | (100)
Restructuring, acquisition and other | 139 | 210 | (34)
Finance costs | 840 | 793 | 6
Other income | (10) | (32) | (69)
Income tax expense | 712 | 758 | (6)
Net income | 2,043 | 2,059 | (1)


Question: What was the increase / (decrease) in Finance cost from 2018 to 2019?
Answer: 47
Calculation: 840 - 793
European revenue decreased by 1.9%. Foreign exchange movements contributed a 0.8 percentage point negative impact and the deconsolidation of Vodafone Netherlands contributed a 4.1 percentage point negative impact, offset by 3.0% organic growth. Service revenue increased by 0.9%* or 0.6%* excluding a legal settlement in Germany in Q4, driven by strong fixed customer growth and the benefit of the Group’s “more-for-more” mobile propositions in several markets, which offset increased regulatory headwinds following the implementation of the EU’s “Roam Like At Home” policy in June and the impact of the introduction of handset financing in the UK. Excluding regulation and UK handset financing, as well as a legal settlement in Germany in Q4, service revenue growth was 2.0%* (Q3: 1.9%*, Q4: 1.7%*).
Adjusted EBITDA increased 7.3%, including a 5.1 percentage point negative impact from the deconsolidation of Vodafone Netherlands and a 0.6 percentage point negative impact from foreign exchange movements. On an organic basis, adjusted EBITDA increased 13.0%*, supported by the benefit of the introduction of handset financing in the UK, regulatory settlements in the UK and a legal settlement in Germany. Excluding these items, as well as the net impact of roaming, adjusted EBITDA grew by 7.9*, reflecting operating leverage and tight cost control through our “Fit for Growth” programme.
Adjusted EBIT increased by 86.3%*, reflecting strong adjusted EBITDA growth and stable depreciation and amortisation expenses.
Table:
 | Reported change | Other activity (including M&A) | Foreign exchange | Organic* change
 | % | pps | pps | %
Revenue – Europe | (1.9) | 4.1 | 0.8 | 3.0
Service revenue |  |  |  | 
Germany | 2.6 | – | – | 2.6
Italy | 1.0 | 0.2 | – | 1.2
UK | (8.1) | 0.1 | 4.5 | (3.5)
Spain | 1.8 | 0.3 | – | 2.1
Other Europe | (19.6) | 22.9 | (0.4) | 2.9
Europe | (3.9) | 4.0 | 0.8 | 0.9
Adjusted EBITDA |  |  |  | 
Germany | 10.9 | (0.1) | (0.1) | 10.7
Italy | 4.5 | 0.1 | – | 4.6
UK | 45.4 | (1.2) | 7. 6 | 51.8
Spain | 4.4 | 0.6 | – | 5.0
Other Europe | (18.8) | 26.8 | (0.3) | 7.7
Europe | 7.3 | 5.1 | 0.6 | 13.0
Europe adjusted operating profit | 53.2 | 34.8 | (1.7) | 86.3


Question: Between Germany and Italy, which one has a higher organic change?
Answer: Germany
Calculation: 2.6% > 1.2%
Fees Paid to our Independent Auditor
The following table sets forth the fees billed to us by Ernst & Young LLP for services in fiscal 2019 and 2018, all of which
were pre-approved by the Audit Committee.
(1) In accordance with the SEC’s definitions and rules, “audit fees” are fees that were billed to Systemax by Ernst & Young LLP for
the audit of our annual financial statements, to be included in the Form 10-K, and review of financial statements included in the
Form 10-Qs; for the audit of our internal control over financial reporting with the objective of obtaining reasonable assurance about
whether effective internal control over financial reporting was maintained in all material respects; for the attestation of management’s
report on the effectiveness of internal control over financial reporting; and for services that are normally provided by the auditor
in connection with statutory and regulatory filings or engagements.
(2) “Audit-related fees” are fees for assurance and related services that are reasonably related to the performance of the audit or
review of our financial statements and internal control over financial reporting, including services in connection with assisting
Systemax in our compliance with our obligations under Section 404 of the Sarbanes-Oxley Act and related regulations.
(3) Ernst & Young LLP did not provide any professional services for tax compliance, planning or advice in 2019 or 2018.
(4) Consists of fees billed for other professional services rendered to Systemax.
Table:
Fee Category | 2019 ($) | 2018 ($)
Audit fees (1) | 1,196,000 | 1,257,000
Audit-related fees (2) | 0 | 15,000
Tax fees (3) | 0 | 0
All other fees (4) | 2,000 | 2,000
Total | 1,198,000 | 1,274,000


Question: What is the percentage change in all other fees incurred by the company between 2018 and 2019?
Answer: 0
Calculation: (2,000 - 2,000)/2,000
Inventories.
Inventories are stated at the lower-of-cost or net realizable value. Cost is determined using the first-in, first-out method. Finished products and work-in-process inventories include direct material costs and direct and indirect manufacturing costs. The Company records reserves for inventory that may be obsolete or in excess of current and future market demand. A summary of inventories is shown below:
Table:
(Dollars in Millions) | April 27, 2019 | April 28, 2018
Finished Products | $40.2 | $15.4
Work in Process | 9.4 | 14.6
Materials | 67.1 | 54.1
Total Inventories | $116.7 | $84.1


Question: In which year was materials value less than 60 million?
Answer: 2018
Calculation: locate and analyze materials in row 5
Note 21. Quarterly Results (Unaudited)
The following table presents the Company's selected unaudited quarterly operating results for the eight quarters ended March 31, 2019. The Company believes that all adjustments of a normal recurring nature have been made to present fairly the related quarterly results (in millions, except per share amounts). Amounts may not add to the total due to rounding:
Refer to Note 11, Income Taxes, for an explanation of the one-time transition tax recognized in the third quarter of fiscal 2018. Refer to Note 4, Special Charges and Other, Net, for an explanation of the special charges included in operating income in fiscal 2019 and fiscal 2018. Refer to Note 12, Debt and Credit Facility, for an explanation of the loss on settlement of debt included in other (loss) income, net of $4.1 million during the second quarter, $0.2 million during the third quarter, and $8.3 million during the fourth quarter of fiscal 2019 and $13.8 million and $2.1 million for the first quarter and third quarter of fiscal 2018, respectively. Refer to Note 5, Investments, for an explanation of the impairment recognized on available-for-sale securities in the fourth quarter of fiscal 2018.
Table:
Fiscal 2019 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total
Net sales | $1,212.5 | $1,432.5 | $1,374.7 | $1,329.8 | $5,349.5
Gross profit | $642.0 | $689.3 | $779.6 | $820.5 | $2,931.3
Operating income | $132.3 | $102.7 | $194.7 | $284.6 | $714.3
Net income from continuing operations | $35.7 | $96.3 | $49.2 | $174.7 | $355.9
Diluted net income per common share | $0.14 | $0.38 | $0.20 | $0.70 | $1.42


Question: What was the change in the gross profit between the first and second quarter?
Answer: 47.3
Calculation: 689.3-642.0
The following table provides a reconciliation of Adjusted Gross Profit to Gross Profit, the most directly comparable financial measure presented in accordance with U.S. GAAP:
(a) Represents depreciation and amortization expense included in cost of goods sold
(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 non-cash share-based compensation expense included in cost of goods sold.
Table:
 | Twelve Months Ended December 31, |  |  |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
 | (Dollars in thousands) |  |  |  | 
Gross Profit | $114,197 | $89,990 | $72,416 | $60,371 | $54,649
Depreciation expense (a) | 6,370 | 6,089 | 5,791 | 4,028 | 2,566
Plant start-up expense (b) | — | — | — | 1,628 | —
Non-cash share-based compensation (c) | 922 | 859 | 243 | 221 | 201
Adjusted Gross Profit | $121,489 | $96,938 | $78,450 | $66,248 | $57,416
Adjusted Gross Profit as a % of Net Sales | 49.4% | 50.2% | 51.5% | 51.1% | 50.6%


Question: What is the percentage change in non-cash share-based compensation expense from 2018 to 2019?
Answer: 7.33
Calculation: (922-859)/859
s c h e d u l e i v ace limited and subsidiaries s u p p l e m e n t a l i n f o r m a t i o n c o n c e r n i n g r e i n s u r a n c e premiums earned for the years ended december 31 , 2010 , 2009 , and 2008 ( in millions of u.s . dollars , except for percentages ) direct amount ceded to companies assumed from other companies net amount percentage of amount assumed to .

Table:
for the years ended december 31 2010 2009 and 2008 ( in millions of u.s . dollars except for percentages ) | directamount | ceded to other companies | assumed from other companies | net amount | percentage of amount assumed to net
2010 | $ 15780 | $ 5792 | $ 3516 | $ 13504 | 26% ( 26 % )
2009 | $ 15415 | $ 5943 | $ 3768 | $ 13240 | 28% ( 28 % )
2008 | $ 16087 | $ 6144 | $ 3260 | $ 13203 | 25% ( 25 % )
.

Question: in 2010 what was the ratio of the value of the direct amount of the premiums to the amount ceded to other companies
Answer: 2.724
Calculation: divide(15780, 5792)
3 Investments
The investment in Sophos Holdings Limited, a holding company for the Sophos Group, comprises 100% of the ordinary share capital.
The investment in Sophos Limited comprises share-based payment expenses for equity awards granted to participants employed by Sophos Limited and its subsidiaries.
Table:
 | 31 March 2019 | 31 March 2018
 | $M | $M
Investment in Sophos Holdings Limited | 1,035.8 | 1,035.8
Investment in Sophos Limited | 94.8 | 63.3
At 31 March | 1,130.6 | 1,099.1


Question: What does the investment in Sophos Holdings Limited comprise?
Answer: 100% of the ordinary share capital.
Note 23. Defined Benefit Pension Plan and Postretirement Benefits
Defined Benefit Pension Plans
The Company sponsors non-contributory defined benefit pension plans (the “Pension Plans”) for its covered employees in the Philippines. The Pension Plans provide defined benefits based on years of service and final salary. All permanent employees meeting the minimum service requirement are eligible to participate in the Pension Plans. As of December 31, 2019, the Pension Plans were unfunded. The Company expects to make no cash contributions to its Pension Plans during 2020.
The following table provides a reconciliation of the change in the benefit obligation for the Pension Plans and the net amount recognized, included in “Other long-term liabilities,” in the accompanying Consolidated Balance Sheets (in thousands):
Table:
 | December 31, | 
 | 2019 | 2018
Balance at the beginning of the period | $3,282 | $3,642
Service cost | 405 | 448
Interest cost | 254 | 196
Actuarial (gains) losses | (108) | (783)
Benefits paid | (22) | (32)
Effect of foreign currency translation | 122 | (189)
Balance at the end of the period | $3,933 | $3,282
Unfunded status | (3,933) | (3,282)
Net amount recognized | $(3,933) | $(3,282)


Question: What was the service cost in 2019?
Answer: 405
6-INTANGIBLE ASSETS
The following table provides the details of the carrying value of intangible assets recorded from the acquisition of SensiML during the year ended December 29, 2019 (in thousands):
Table:
December 29, 2019 |  |  | 
 | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount
Developed technology | $959 | $(96) | $863
Customer relationships | 81 | (40) | 41
Trade names and trade marks | 116 | (12) | 104
Total acquired identifiable intangible assets | $1,156 | $(148) | $1,008


Question: What are the respective gross and net carrying amount of customer relationships?
Answer: 81, 41