hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
(1) Fiscal 2018 was restated to comply with IFRS 15 and to reflect a change in accounting policy as well as to reclassify results from Cogeco Peer 1 as discontinued operations. For further details, please consult the "Accounting policies" and "Discontinued operations" sections.
(2) The non-controlling interest represents a participation of 21% in Atlantic Broadband's results by Caisse de dépot et placement du Québec ("CDPQ"), effective since the MetroCast acquisition on January 4, 2018.
Fiscal 2019 fourth-quarter profit for the period from continuing operations and profit for the period from continuing operations attributable to owners of the Corporation increased by 21.8% and 20.8%, respectively, as a result of: • higher adjusted EBITDA; and • the decrease in financial expense.
Fiscal 2019 fourth-quarter profit for the period and profit for the period attributable to owners of the Corporation increased by 26.1% and 25.2%, respectively, mainly due to a profit for the period from discontinued operations of $1.9 million due to working capital adjustments during the fourth quarter related to the sale of Cogeco Peer 1 compared to a loss for the period from discontinued operations of $1.1 million for the comparable period of the prior year in addition to the elements mentioned above.
Table:
Three months ended August 31, | 2019 | 2018(2) | Change
(in thousands of dollars, except percentages and earnings per share) | $ | $ | %
Profit for the period from continuing operations | 92,403 | 75,870 | 21.8
Profit for the period | 94,323 | 74,818 | 26.1
Profit for the period from continuing operations attributable to owners of the Corporation | 87,850 | 72,753 | 20.8
Profit for the period attributable to owners of the Corporation | 89,770 | 71,701 | 25.2
Profit for the period from continuing operations attributable to non-controlling interest(2) | 4,553 | 3,117 | 46.1
Basic earnings per share from continuing operations | 1.78 | 1.48 | 20.3
Basic earnings per share | 1.82 | 1.45 | 25.5


Question: How much was the profit increase for the period from continuing operations attributable to owners of the Corporation?
Answer: 20.8%
Note 5 – Goodwill and Intangible Assets
Goodwill and indefinite-lived intangible assets consisted of the following:
Goodwill
The Company performed the annual impairment assessment of goodwill for our single reporting unit as of December 31, 2019, noting no impairment loss. The fair value exceeded the carrying value by 2.4%. Considerable management judgment is necessary to evaluate goodwill for impairment. We estimate fair value using widely accepted valuation techniques including discounted cash flows and market multiples analysis with respect to our single reporting unit. These valuation approaches are dependent upon a number of factors, including estimates of future growth rates, our cost of capital, capital expenditures, income tax rates, and other variables. Assumptions used in our valuations were consistent with our internal projections and operating plans. Our discounted cash flows forecast could be negatively impacted by a change in the competitive landscape, any internal decisions to pursue new or different strategies, a loss of a significant customer, or a significant change in the market place including changes in the prices paid for our products or changes in the size of the market for our products. Additionally, under the market approach analysis, we used significant other observable inputs including various guideline company comparisons. We base our fair value estimates on assumptions we believe to be reasonable, but which are unpredictable and inherently uncertain. Changes in these estimates or assumptions could materially affect the determination of fair value and the conclusions of the quantitative goodwill test for our one reporting unit.
Indefinite-lived Intangible Assets
The Company performed the annual impairment assessment on the indefinite-lived intangible asset as of December 31, 2019 and 2018, resulting in no impairment losses.
Table:
 |  | December 31,
 | 2019 | 2018
Goodwill | $ 10,368 | $ 10,368
Accumulated impairment losses | (1,244 ) | (1,244 )
Goodwill | 9,124 | 9,124
Brand names | 3,700 | 3,700
Goodwill and indefinite lived intangible assets | $ 12,824 | $ 12,824


Question: What is the percentage constitution of brand names among the total goodwill and indefinite lived intangible assets in 2019?
Answer: 28.85
Calculation: 3,700/12,824
Contract Assets and Liabilities
The following table provides information about receivables, contract assets and contract liabilities from our revenue contracts with customers:
Contract assets include costs that are incremental to the acquisition of a contract. Incremental costs are those that result directly from obtaining a contract or costs that would not have been incurred if the contract had not been obtained, which primarily relate to sales commissions. These costs are deferred and amortized over the expected customer life.
We determined that the expected customer life is the expected period of benefit as the commission on the renewal contract is not commensurate with the commission on the initial contract. During the years ended December 31, 2019 and 2018, the Company recognized expense of $6.3 million and $2.9 million, respectively, related to deferred contract acquisition costs.
Contract liabilities include deferred revenues related to advanced payments for services and nonrefundable, upfront service activation and set-up fees, which under the new standard are generally deferred and amortized over the expected customer life as the option to renew without paying an upfront fee provides the customer with a material right. During the years ended December 31, 2019 and 2018, the Company deferred and recognized revenues of $397.5 million and $354.2 million, respectively.
A receivable is recognized in the period the Company provides goods or services when the Company’s right to consideration is unconditional. Payment terms on invoiced amounts are generally 30 to 60 days.
Table:
 | Year Ended December 31, | 
(In thousands) | 2019 | 2018
Accounts receivable, net | $120,016 | $133,136
Contract assets | 18,804 | 12,128
Contract liabilities | 50,974 | 52,966


Question: What is the average contract liabilities for 2018 and 2019?
Answer: 51970
Calculation: (50,974 + 52,966) / 2
Note 12 Restructuring Activities
For the year ended December 31, 2019, the Company incurred $41.9 million of restructuring charges and $60.3 million of other related costs for our restructuring program. These charges were primarily a result of restructuring and associated costs in connection with the Company’s Reinvent SEE strategy.
Our restructuring program (“Program”) is defined as the initiatives associated with our Reinvent SEE strategy in addition to the conclusion of our previously existing restructuring programs at the time of Reinvent SEE's approval. Reinvent SEE is a three-year program approved by the Board of Directors in December 2018. The expected spend in the previously existing program at the time of Reinvent SEE's approval was primarily related to elimination of stranded costs following the sale of Diversey. The Company expects restructuring activities to be completed by the end of 2021.
The Board of Directors has approved cumulative restructuring spend of $840 to $885 million for the Program. Restructuring spend is estimated to be incurred as follows:
(1) Total estimated cash cost excludes the impact of proceeds expected from the sale of property and equipment and foreign currency impact.
(2) Remaining restructuring spend primarily consists of restructuring costs associated with the Company’s Reinvent SEE strategy.
Additionally, the Company anticipates approximately $6.0 million restructuring spend related to recent acquisitions, of which $2.3 million was incurred as of December 31, 2019. The Company expects the remainder of the anticipated spend to be incurred in 2020. See Note 5, "Discontinued Operations, Divestitures and Acquisitions," to the Notes to Consolidated Financial Statements for additional information related to our acquisitions.
Table:
(in millions) | Total Restructuring program range | Total Restructuring program range | Less Cumulative Spend to Date | Remaining Restructuring Spend(2) | 
 | Low | High |  | Low | High
Costs of reduction in headcount as a result of reorganization | $ 355 | $ 370 | $ (325) | $ 30 | $ 45
Other expenses associated with the Program | 230 | 245 | (196) | 34 | 49
Total expense | 585 | 615 | (521) | 64 | 94
Capital expenditures | 255 | 270 | (239) | 16 | 31
Total estimated cash cost(1) | $ 840 | $ 885 | $ (760) | $ 80 | $ 125


Question: What is the Total expense expressed as a percentage of Total estimated cash cost for the low estimate?
Answer: 69.64
Calculation: 585/840
Depreciation and Amortization
The following table sets forth depreciation and amortization by segment for the periods presented (in millions):
(1) Depreciation and amortization for Corporate and Other primarily represents net incremental depreciation and amortization adjustments associated with the application of purchase accounting recorded in accordance with GAAP.
The increase in Depreciation and Amortization is primarily driven by implementation of new clients, accelerated amortization of deferred contract costs and hardware and software placed in service.
Table:
 | Year ended December 31, |  | Variance | 
 | 2019 | 2018 | $ | %
Software Solutions | $123.9 | $112.9 | $11.0 | 10%
Data and Analytics | 15.9 | 14.1 | 1.8 | 13%
Corporate and Other(1) | 96.4 | 90.0 | 6.4 | 7%
Total | $236.2 | $217.0 | 19.2 | 9%


Question: What was the average depreciation and amortization for Software Solutions between 2018 and 2019?
Answer: 118.4
Calculation: (123.9+112.9)/2
5. Accrued expenses
Accrued expenses consisted of the following:
Table:
October 31, |  | 
 | 2019 | 2018
(In thousands) |  | 
Workers’ compensation claims | $9,687 | $9,020
Accrued wages | 19,525 | 14,142
Accrued rebates | 13,529 | 7,828
Accrued vacation  | 10,592 | 8,554
Accrued property taxes  | 11,331 | 9,453
Accrued payroll taxes | 8,290 | 9,034
Other accrued expenses  | 9,986 | 11,922
Total accrued expenses | $82,940 | $69,953


Question: What is the Workers’ compensation claims for fiscal years 2019 and 2018 respectively?
Answer: $9,687, $9,020
Dividends and Share Repurchases
Following is a summary of the dividends and share repurchases for the fiscal years ended August 31, 2019, 2018, 2017 and 2016 (in thousands):
(1) The difference between dividends declared and dividends paid is due to dividend equivalents for unvested restricted stock units that are paid at the time the awards vest.
(2) Excludes commissions.
We currently expect to continue to declare and pay regular quarterly dividends of an amount similar to our past declarations. However, the declaration and payment of future dividends are discretionary and will be subject to determination by our Board each quarter following its review of our financial performance.
In June 2018, the Board authorized the repurchase of up to $350.0 million of our common stock. As of August 31, 2019, the total amount authorized by the Board of Directors had been repurchased.
In September 2019, the Board authorized the repurchase of up to $600.0 million of our common stock as part of a two-year capital allocation framework. From September 24, 2019 through October 14, 2019, we repurchased 874,475 shares, utilizing a total of $30.8 million of the $600.0 million authorized by the Board.
Table:
 | Dividends Paid(1) | Share Repurchases(2) | Total
Fiscal year 2016 | $62,436 | $148,185 | $210,621
Fiscal year 2017 | $59,959 | $306,397 | $366,356
Fiscal year 2018 | $57,833 | $450,000 | $507,833
Fiscal year 2019 | $52,004 | $350,000 | $402,004
Total | $232,232 | $1,254,582 | $1,486,814


Question: Which fiscal years does the table provide data of the dividends and share repurchases for?
Answer: 2016, 2017, 2018, 2019
Notes to Consolidated Financial Statements - (Continued) Fiscal Years Ended May 26, 2019, May 27, 2018, and May 28, 2017 (columnar dollars in millions except per share amounts) Lamb Weston Spinoff
On November 9, 2016, we completed the Spinoff of our Lamb Weston business. As of such date, we did not beneficially own any equity interest in Lamb Weston and no longer consolidated Lamb Weston into our financial results. The business results were previously reported in the Commercial segment. We reflected the results of this business as discontinued operations for all periods presented.
The summary comparative financial results of the Lamb Weston business through the date of the Spinoff, included within discontinued operations, were as follows:
During fiscal 2017, we incurred $74.8 million of expenses in connection with the Spinoff primarily related to professional fees and contract services associated with preparation of regulatory filings and separation activities. These expenses are reflected in income from discontinued operations. During fiscal 2019 and 2018, we recognized income tax expense of $2.8 million and an income tax benefit of $14.5 million, respectively, due to adjustments of the estimated deductibility of these costs.
In connection with the Spinoff, total assets of $2.28 billion and total liabilities of $2.98 billion (including debt of $2.46 billion) were transferred to Lamb Weston. As part of the consideration for the Spinoff, the Company received a cash payment from Lamb Weston in the amount of $823.5 million. See Note 4 for discussion of the debt-for-debt exchange related to the Spinoff.
We entered into a transition services agreement in connection with the Lamb Weston Spinoff and recognized $2.2 million and $4.2 million of income for the performance of services during fiscal 2018 and 2017, respectively, classified within SG&A expenses.
Table:
 | 2019 | 2018 | 2017
Net sales | $— | $— | $1,407.9
Income (loss) from discontinued operations before income taxes and equity method investment earnings | $— | $(0.3) | $172.3
Income (loss) before income taxes and equity method investment earnings | — | (0.3) | 172.3
Income tax expense (benefit) | 2.8 | (14.6) | 87.5
Equity method investment earnings | — | — | 15.9
Income (loss) from discontinued operations, net of tax . | (2.8) | 14.3 | 100.7
Less: Net income attributable to noncontrolling interests . | — | — | 6.8
Net income (loss) from discontinued operations attributable to Conagra Brands, Inc | $(2.8) | $14.3 | $93.9


Question: What is the proportion (in percentage) of income tax benefit due to adjustment of the estimated deductibility of professional fees and contract services over income tax benefit in 2018?
Answer: 99.32
Calculation: 14.5/14.6
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 unbilled in 2019?
Answer: $ 22,827
* 2019 results were impacted by Red Hat purchase accounting and acquisition-related activity.
Total expense and other (income) increased 13.7 percent in the fourth quarter with an expense-to-revenue ratio of 32.6 percent compared to 28.7 percent in the fourth quarter of 2018. The year-to-year increase was a result of higher spending (15 points) driven by Red Hat (15 points) and higher acquisitionrelated charges and amortization of acquired intangible assets associated with the Red Hat transaction (4 points), partially offset by higher divestiture gains (3 points) and lower non-operating retirement-related costs (3 points).
Total operating (non-GAAP) expense and other income increased 14.7 percent year to year primarily driven by the higher spending, partially offset by the divestiture gains, as described above.
Table:
($ in millions) |  |  | 
For the fourth quarter: | 2019 | 2018 | Yr.-to-Yr. Percent/ Margin Change*
Total consolidated expense and other (income) | $7,107 | $6,253 | 13.7%
Non-operating adjustments |  |  | 
Amortization of acquired intangible assets | (294) | (106) | 176.0
Acquisition-related charges | (27) | (13) | 104.7
Non-operating retirement related (costs)/income | (196) | (387) | (49.4)
Operating (non-GAAP) expense and other (income) | $6,591 | $5,746 | 14.7%
Total consolidated expense-to-revenue ratio | 32.6% | 28.7% | 3.9pts
Operating (non-GAAP) expense-to-revenue ratio | 30.3% | 26.4% | 3.9pts


Question: What is the average Amortization of acquired intangible assets?
Answer: -200
Calculation: ( - 294 + (- 106)) / 2
The maximum exposure to credit risk for trade receivables at the reporting date by type of customer was:
The Group’s most significant customer accounts for £0.5m (2018: £0.6m) of net trade receivables as at 31 March 2019.
Table:
 | 2019 | 2018
 | £m | £m
Retailers | 20.4 | 21.7
Manufacturer and Agency | 3.2 | 3.0
Other | 1.3 | 0.7
Total | 24.9 | 25.4


Question: How much did the Group's most significant customer account for?
Answer: £0.5m (2018: £0.6m) of net trade receivables
Property and Equipment
Property and equipment are stated at cost and are depreciated or amortized using the straight-line method. Cost, accumulated depreciation and amortization, and estimated useful lives are as follows (dollars in thousands):
Table:
 |  | Fiscal year-end | 
 | 2019 | 2018 | Useful Life
Land | $19,490 | $17,655 | 
Buildings and improvements | 173,333 | 165,535 | 5 - 40 years
Equipment, furniture and fixtures | 389,225 | 359,721 | 3 - 10 years
Leasehold improvements | 94,878 | 89,399 | shorter of asset life or lease term
 | 676,926 | 632,310 | 
Accumulated depreciation and amortization | (353,492) | (320,517) | 
Property and equipment, net | $323,434 | $311,793 | 


Question: In which years is information on Property and Equipment included in the table?
Answer: 2019, 2018
ADOPTION OF IFRS 16
Upon adoption of IFRS 16 on January 1, 2019, we recognized right-of-use assets of $2,257 million within property, plant and equipment, and lease liabilities of $2,304 million within debt, with an increase to our deficit of $19 million. These amounts were recognized in addition to assets under finance leases of $1,947 million and the corresponding finance lease liabilities of $2,097 million at December 31, 2018 under IAS 17. As a result, on January 1, 2019, our total right-of-use assets and lease liabilities amounted to $4,204 million and $4,401 million, respectively. The table below shows the impacts of adopting IFRS 16 on our January 1, 2019 consolidated statement of financial position.
BCE’s operating lease commitments at December 31, 2018 were $1,612 million. The difference between operating lease commitments at December 31, 2018 and lease liabilities of $2,304 million upon adoption of IFRS 16 at January 1, 2019, is due mainly to an increase of $1,122 million related to renewal options reasonably certain to be exercised, an increase of $112 million mainly related to non-monetary transactions and a decrease of ($542) million as a result of discounting applied to future lease payments, which was determined using a weighted average incremental borrowing rate of 3.49% at January 1, 2019.
Table:
 | DECEMBER 31, 2018 AS REPORTED | IFRS 16 IMPACTS | JANUARY 1, 2019 UPON ADOPTION OF IFRS 16
Prepaid expenses | 244 | (55) | 189
Other current assets | 329 | 9 | 338
Property, plant and equipment | 24,844 | 2,257 | 27,101
Other non-current assets | 847 | 17 | 864
Trade payables and other liabilities | 3,941 | (10) | 3,931
Debt due within one year | 4,645 | 293 | 4,938
Long-term debt | 19,760 | 2,011 | 21,771
Deferred tax liabilities | 3,163 | (7) | 3,156
Other non-current liabilities | 997 | (39) | 958
Deficit | (4,937) | (19) | (4,956)
Non-controlling interest | 326 | (1) | 325


Question: What is the percentage change in other current assets due to the adoption of IFRS 16?
Answer: 2.74
Calculation: (338-329)/329
Actual STI Bonus Amounts Authorized. The actual amounts of the NEOs’ 2019 bonuses were calculated as
follows:
(1) Determined based on earned salary and applicable STI target bonus percentage during 2019 and includes pro-rations for any changes to salary and/or STI target bonus percentage described below.
a) Target Bonus Opportunity for Mr. Storey reflects his salary earned during 2019 of $1,800,011 and a STI target bonus percentage of 200%.
b) Target Bonus Opportunity for Mr. Dev reflects his salary earned during 2019 of $650,000 and a STI target bonus percentage of 120%.
c) Target Bonus Opportunity for Mr. Goff reflects his salary earned during 2019 of $600,018 and a STI target bonus percentage of 120%.
d) Target Bonus Opportunity for Mr. Trezise reflects his salary earned during 2019 with a salary increase, from $475,010 to $500,011, effective on February 23, 2019, and an increase of STI target bonus percentage from 80% to 90%, also effective on February 23, 2019.
e) Target Bonus Opportunity for Mr. Andrews reflects his salary earned during 2019 with a salary increase, from $425,006 to $525,000, effective on August 21, 2019, and a STI target bonus percentage of 100%.
(2) Calculated or determined as discussed above under “—2019 Performance Results.”
(3) Determined based on achievement of individual performance objectives as described further above in this Subsection.
Committee Discretion to Pay in Cash or Shares. The Committee may authorize the payment of annual bonuses in cash or shares of common stock. Since 2000, the Committee has paid these bonuses entirely in cash, principally to diversify our compensation mix and to conserve shares in our equity plans.
Recent Actions (February 2020). In connection with establishing targets for the 2020 STI program, the Committee increased Mr. Dev’s STI Target Bonus Percentage to 125%, in light of his position to market and performance as CFO, and made no changes to the target bonus percentage for any of our other NEOs.
Table:
 | 2019 STI Bonus Amounts |  |  |  |  |  | 
Named Officer | Target Bonus Opportunity (1) | X | Company Performance % (2) | X | Discretionary Adjustment for Individual Performance(3) | = | STI Bonus Amount
Current Executives: |  |  |  |  |  |  | 
Jeffrey K. Storey | $3,600,022 |  | 97% |  | 100% |  | $3,492,021
Indraneel Dev | 780,000 |  | 97% |  | 110% |  | 832,260
Stacey W. Goff | 720,021 |  | 97% |  | 100% |  | 698,420
Scott A. Trezise | 439,654 |  | 97% |  | 110% |  | 469,111
Shaun C. Andrews | 461,442 |  | 97% |  | 110% |  | 492,359


Question: What is Indraneel Dev's salary earned during 2019 expressed as a ratio of his/her STI bonus amount?
Answer: 78.1
Calculation: $650,000/$832,260
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
NOTE 18 — Income Taxes
Earnings before income taxes consist of the following:
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
U.S. | $15,103 | $30,815 | $9,315
Non-U.S. | 35,163 | 27,288 | 30,938
Total | $50,266 | $58,103 | $40,253


Question: What was the amount of earnings from Non-U.S. sources in 2017?
Answer: 30,938