next-tat/TAT-QA huggingface dataset:
December 31, 2019
December 31, 2018
(In millions)
Carrying Amount
Fair Value
Carrying Amount
Fair Value
Term Loan A Facility due July 2022
$ 474.6
$ 474.6
$ —
$ —
Term Loan A Facility due July 2023(1)
223.8
223.8
222.2
222.2
6.50% Senior Notes due December 2020
—
—
424.0
440.1
4.875% Senior Notes due December 2022
421.9
450.1
421.1
421.2
5.25% Senior Notes due April 2023
422.0
454.1
421.2
424.5
4.50% Senior Notes due September 2023(1)
445.6
509.5
454.9
489.9
5.125% Senior Notes due December 2024
421.9
458.9
421.3
419.8
5.50% Senior Notes due September 2025
397.4
441.2
397.1
394.8
4.00% Senior Notes due December 2027
420.4
431.5
—
—
6.875% Senior Notes due July 2033
445.7
528.8
445.5
453.4
Other foreign borrowings(1)
12.1
12.4
98.5
99.2
Other domestic borrowings
89.0
89.0
168.4
170.0
Total debt(2)
$ 3,774.4
$ 4,073.9
$ 3,474.2
$ 3,535.1

text: The table below shows the carrying amounts and estimated fair values of our debt, excluding lease liabilities:
text: (1) Includes borrowings denominated in currencies other than US Dollars.
text: (2) At December 31, 2019, the carrying amount and estimated fair value of debt exclude lease liabilities.
text: In addition to the table above, the Company remeasures amounts related to certain equity compensation that are carried at fair value on a recurring basis in the Consolidated Financial Statements or for which a fair value measurement was required. Refer to Note 21, “Stockholders’ Deficit,” of the Notes to Consolidated Financial Statements for share-based compensation in the Notes to Consolidated Financial Statements. Included among our non-financial assets and liabilities that are not required to be measured at fair value on a recurring basis are inventories, net property and equipment, goodwill, intangible assets and asset retirement obligations.

Questions:
question: What is included among non-financial assets and liabilities that are not required to be measured at fair value on a recurring basis?
answer: inventories, net property and equipment, goodwill, intangible assets and asset retirement obligations.
question: What does the table represent?
answer: the carrying amounts and estimated fair values of our debt, excluding lease liabilities
question: What is the fair value of total debt as of December 31, 2019
answer: $ 4,073.9
scale: million
question: What is the percentage of other foreign borrowings and other domestic borrowings as a percentage of Total debt as of December 31, 2019 in fair values?
answer: 2.49
derivation: (12.4+89.0)/4,073.9
scale: percent
question: What is the percentage difference between fair value and carrying amount of total debt as of December 31, 2018?
answer: 1.75
derivation: (3,535.1-3,474.2)/3,474.2
scale: percent
question: What is the total carrying amount of Senior Notes due by December 2024 as of December 31, 2019?
answer: 1711.4
derivation: 421.9+422.0+445.6+421.9
scale: million
December 31,
2019
2018
FCC licenses
$ 136.2
$ 120.6
State licenses
2.5
2.5
Total
$ 138.7
$ 123.1

text: Indefinite-lived Intangible Assets
text: The carrying amount of indefinite-lived intangible assets were as follows (in millions):
text: The Broadcasting segment strategically acquires assets across the United States, which results in the recording of FCC licenses. Providing the Company acts within the requirements and constraints of the regulatory authorities, the renewal and extension of these licenses is reasonably certain at minimal costs. Accordingly, we have concluded that the acquired FCC licenses are indefinite-lived intangible assets.
text: In 2019, FCC licenses increased $15.6 million, $18.2 million of which was through acquisitions, offset by $2.3 million of impairments and $0.3 million loss on the sale of licenses. Our Broadcasting segment recorded the impairment as a result of its decision to forfeit FCC licenses in certain lower-ranked markets, and does not expect any significant changes to future cash flows as a result of these forfeitures. The Company reports intangible impairment charges within the Asset impairment expense line of our Consolidated Statements of Operations.

Questions:
question: What was the increase in FCC licenses in 2019?
answer: $15.6 million
question: Where does the company reports the intangible impairment charges?
answer: within the Asset impairment expense line of our Consolidated Statements of Operations.
question: What was the state licenses value in 2018?
answer: 2.5
scale: million
question: What was the change in the FCC licenses value from 2018 to 2019?
answer: 15.6
derivation: 136.2 - 120.6
scale: million
question: What was the average State licenses value for 2018 and 2019?
answer: 2.5
derivation: (2.5 + 2.5) / 2
scale: million
question: What is the percentage change in the total from 2018 to 2019?
answer: 12.67
derivation: 138.7 / 123.1 - 1
scale: percent
(In thousands)
2019
2018
2017
United States
$300,853
$288,843
$508,178
Mexico
90,795
12,186
2,246
Germany
78,062
167,251
119,502
Other international
60,351
60,997
36,974
Total
$530,061
$529,277
$666,900

text: Additional Information
text: The following table presents sales information by geographic area for the years ended December 31, 2019, 2018 and 2017:
text: Customers comprising more than 10% of revenue can change from year to year. Single customers comprising more than 10% of our revenue in 2019 included three customers at 19%, 17% and 13%. Single customers comprising more than 10% of our revenue in 2018 included two customers at 27% and 17%. Single customers comprising more than 10% of our revenue in 2017 included two customers at 40% and 16%. Other than those with more than 10% of revenues disclosed above, and excluding distributors, our next five largest customers can change, and has historically changed, from year-to-year. These combined customers represented 15%, 18% and 15% of total revenue in 2019, 2018 and 2017, respectively.
text: As of December 31, 2019, property, plant and equipment, net totaled $73.7 million, which included $69.9 million held in the U.S. and $3.9 million held outside the U.S. As of December 31, 2018, property, plant and equipment, net totaled $80.6 million, which included $77.3 million held in the U.S. and $3.3 million held outside the U.S. Property, plant and equipment, net is reported on a company-wide, functional basis only.

Questions:
question: What years does the table include data for?
answer: 2019
2018
2017
question: What was the sales in the United States in 2019?
answer: $300,853
scale: thousand
question: What was the sales in Mexico in 2018?
answer: 12,186
scale: thousand
question: What was the change in sales in Germany between 2018 and 2019?
answer: -89189
derivation: 78,062-167,251
scale: thousand
question: What was the change in sales in Mexico between 2017 and 2018?
answer: 9940
derivation: 12,186-2,246
scale: thousand
question: What was the percentage change in total sales between 2018 and 2019?
answer: 0.15
derivation: ($530,061-$529,277)/$529,277
scale: percent
Number of shares (1,000)
2019
2018
2017
Outstanding as of 1 January
2,719.1
2,611.2
1,999.8
Granted during the period
1,001.1
907.3
866.6
Exercised during the period
-529.4
-
-
Expired during the period
-785.3
-764.0
-233.9
Forfeited during the period
-177.2
-35.4
-21.3
Outstanding as of 31 December
2,228.3
2,719.1
2,611.2
Exercisable as of 31 December
-
255.3
255.3

text: Long-term employee benefit obligations
text: The obligation comprises an obligation under the incentive programs to deliver Restricted Share Units in TORM plc at a determinable price to the entity's key personnel. The RSUs granted entitle the holder to acquire one TORM A-share.
text: The program was established during the year and comprises the following number of shares in TORM plc:
text: In 2017, the Board agreed to grant a total of 866.6 RSUs to other management. The RSUs to other management were subject to a three-year vesting period, with one third of the grant amount vesting at each anniversary date beginning on 1 January, 2018. The exercise price of each vested RSU is following certain adjustments for dividends at DKK 93.6 and an exercise period of six months.
text: In 2018, the Board agreed to grant a total of 944,468 RSU’s to other management. The vesting period of the program is three years for key employees and three years for the Executive Director. The exercise price is set to DKK 53.7. The exercise period is 12 months after the vesting date for key employees and 12 months after the vesting date for the Executive Director. The fair value of the options granted in 2018 was determined using the Black-Scholes model and is not material. The average remaining contractual life for the restricted shares as per 31 December 2018 is 1.1 years (2017: 1.3 years).
text: In 2019, the Board agreed to grant a total of 1,001,100 RSUs to other management. The vesting period of the program is three years for key employees. The exercise price is set to DKK 53.7. The exercise period is 12 months after the vesting date. The fair value of the options granted in 2019 was determined using the Black-Scholes model and is not material. The average remaining contractual life for the restricted shares as per 31 December 2019 is 1.5 years.

Questions:
question: How many RSUs were granted during the period of 2017 to other management?
answer: a total of 866.6 RSUs
question: How was the fair value of the options determined?
answer: Black-Scholes model
question: In which years was the number of shares in TORM plc calculated for?
answer: 2019
2018
2017
question: Which year has the most number of shares granted during the period?
answer: 2019
derivation: 1,001.1>907.3>866.6
question: What was the change in the number of shares granted in 2019 from 2018?
answer: 93.8
derivation: 1,001.1-907.3
scale: thousand
question: What was the percentage change in the number of shares granted in 2019 from 2018?
answer: 10.34
derivation: (1,001.1-907.3)/907.3
scale: percent
Year Ended December 31,
2019
2018
Sales
100.0 %
100.0 %
Gross profit
40.0
50.9
Operating expenses
33.1
27.0
Operating income from continuing operations
6.9
23.9
Other income (expense), net
1.6
0.1
Income from continuing operations before income taxes
8.5
24.0
Provision for income taxes
1.4
3.5
Income from continuing operations, net of income taxes
7.2 %
20.5 %

text: Results of Continuing Operations
text: The analysis presented below is organized to provide the information we believe will facilitate an understanding of our historical performance and relevant trends going forward, and should be read in conjunction with our Consolidated Financial Statements, including the notes thereto, in Item 8 "Financial Statements and Supplementary Data" of this Annual Report on Form 10 - K.
text: The following table sets forth, for the periods indicated, the percentage of sales represented by certain items reflected in our Consolidated Statements of Operations:

Questions:
question: What does the table show?
answer: for the periods indicated, the percentage of sales represented by certain items reflected in our Consolidated Statements of Operations
question: What was the percentage of sales represented by gross profit in 2018?
answer: 50.9
scale: percent
question: What was the percentage of sales represented by operating expenses in 2019?
answer: 33.1
scale: percent
question: What was the change in percentage of sales represented by gross profit between 2018 and 2019?
answer: -10.9
derivation: 40.0-50.9
scale: percent
question: What was the change in percentage of sales represented by net other income between 2018 and 2019?
answer: 1.5
derivation: 1.6-0.1
scale: percent
question: What was the change in percentage of sales represented by provision for income taxes between 2018 and 2019?
answer: -2.1
derivation: 1.4-3.5
scale: percent
2019
2018
%
%
Discount rate
2.9
3.8
Expected rate of salary increase
2.5
2.5
Rate of price inflation
2.0
2.0

text: The Company sponsors a defined benefit plan, the Woolworths Group Superannuation Plan (WGSP or the Plan), that provides superannuation benefits for employees upon retirement. The defined benefit plan is closed to new members. The assets of the WGSP are held in a sub-plan within AMP SignatureSuper that is legally separated from the Group. The WGSP invests entirely in pooled unit trust products where prices are quoted on a daily basis.
text: The WGSP consists of members with defined benefit entitlements and defined contribution benefits. The plan also pays allocated pensions to a small number of pensioners. The following disclosures relate only to the Group’s obligation in respect of defined benefit entitlements.
text: The Group contributes to the WGSP at rates as set out in the Trust Deed and Rules and the Participation Deed between the Group and AMP Superannuation Limited. Members contribute to the WGSP at rates dependent upon their membership category. The plan provides lump sum defined benefits that are defined by salary and period of membership.
text: An actuarial valuation was carried out at both reporting dates by Mr Nicholas Wilkinson, FIAA, Willis Towers Watson. The principal actuarial assumptions used for the purpose of the valuation are as follows:

Questions:
question: Is the defined benefit plan open to new members?
answer: The defined benefit plan is closed to new members.
question: What is the discount rate in 2019?
answer: 2.9
scale: percent
question: What is another name for the defined benefit plan?
answer: Woolworths Group Superannuation Plan
question: What is the average discount rate for 2018 and 2019?
answer: 3.35
derivation: (2.9% + 3.8%)/2 
scale: percent
question: What is the change in expected rate of salary increase between 2018 and 2019?
answer: 0
derivation: 2.5% - 2.5% 
scale: percent
question: What is the average rate of price inflation for 2018 and 2019?
answer: 2
derivation: (2.0% + 2.0%)/2 
scale: percent
Year-ended 31 March 2019
Year-ended 31 March 2018 Restated See note 2
Revenue from external customers by country
$M
$M
UK
83.2
73.5
USA
222.2
199.0
Germany
143.5
128.4
Other countries
261.7
238.1
Total revenue from external customers by country
710.6
639.0

text: 6 Segment Information continued
text: The Group’s revenue is diversified across its entire end customer base and no single end user accounted for greater than 10 per cent of the Group’s revenue in either 2018 or 2019. In 2019 two distributors accounted for 15 per cent each, and one distributor for 11 per cent of Group billings which were attributable to all segments of the Group (2018: three distributors accounted for 15 per cent, 14 per cent and 12 per cent each).

Questions:
question: How is the Group's revenue diversified?
answer: across its entire end customer base and no single end user accounted for greater than 10 per cent of the Group’s revenue in either 2018 or 2019
question: What is the Revenue from UK in 2019?
answer: 83.2
scale: million
question: What are the countries in the table whereby the revenue from external customers is split?
answer: UK
USA
Germany
Other countries
question: In which year was the amount of revenue from external customers in the UK larger?
answer: 2019
derivation: 83.2>73.5
question: What was the change in revenue from external customers from UK in 2019 from 2018?
answer: 9.7
derivation: 83.2-73.5
scale: million
question: What was the percentage change in revenue from external customers from UK in 2019 from 2018?
answer: 13.2
derivation: (83.2-73.5)/73.5
scale: percent
Non-vested awards
Shares
Weighted-Average Grant Date Fair Value
Non-vested at December 31, 2018
1,187,586
$41.12
Granted
473,550
$53.53
Vested
(365,223)
$41.83
Forfeited
(12,632)
$50.49
Non-vested at December 31, 2019
1,283,281
$45.40

text: 8. Stock option and award plan: (Continued)
text: A summary of the Company’s non-vested restricted stock awards as of December 31, 2019 and the changes during the year ended December 31, 2019 are as follows:
text: The weighted average per share grant date fair value of restricted stock granted was $53.53 in 2019 (0.5 million shares) $44.02 in 2018 (0.5 million shares) and $40.52 in 2017 (0.5 million shares). The fair value was determined using the quoted market price of the Company’s common stock on the date of grant. Valuations were obtained to determine the fair value for the shares granted to the Company’s CEO that are subject to the total shareholder return of the Company’s common stock compared to the total shareholder return of the Nasdaq Telecommunications Index. The fair value of shares of restricted stock vested in 2019, 2018 and 2017 was $20.8 million, $19.1 million and $12.6 million, respectively.
text: Equity-based compensation expense related to stock options and restricted stock was $18.5 million, $17.7 million, and $13.3 million for 2019, 2018, and 2017, respectively. The income tax benefit related to stock options and restricted stock was $3.0 million, $1.8 million, and $2.5 million for 2019, 2018, and 2017, respectively. The Company capitalized compensation expense related to stock options and restricted stock for 2019, 2018, and 2017 of $1.8 million, $1.7 million and $1.2 million, respectively. As of December 31, 2019, there was $31.7 million of total unrecognized compensation cost related to non-vested equity-based compensation awards. That cost is expected to be recognized over a weighted average period of 1.9 years.

Questions:
question: What is the number of non-vested shares granted in 2019?
answer: 473,550
question: What is the number of non-vested shares vested in 2019?
answer: 365,223
question: What is the number of non-vested shares forfeited in 2019?
answer: 12,632
question: What is the percentage of non-vested shares granted in 2019 as a percentage of the total non-vested shares at December 31, 2019?
answer: 36.9
derivation: 473,550/1,283,281 
scale: percent
question: What is the percentage of non-vested shares vested in 2019 as a percentage of the total non-vested shares at December 31, 2019?
answer: 28.46
derivation: 365,223/1,283,281 
scale: percent
question: What is the percentage of non-vested shares forfeited in 2019 as a percentage of the total non-vested shares at December 31, 2019?
answer: 0.98
derivation: 12,632/1,283,281 
scale: percent
31 March 2019
31 March 2018
$M
$M
Americas
273.6
288.2
EMEA
413.0
434.2
APJ
98.7
103.6
785.3
826.0

text: 17 Impairment of Goodwill and Intangibles
text: Before recognition of impairment losses, the carrying amount of goodwill had been allocated as follows:
text: Impairment of goodwill and intangible assets is tested annually, or more frequently where there is indication of impairment.
text: Where the asset does not generate cash flows that are independent from other assets, the Group estimates the recoverable amount of the cash-generating unit to which the asset belongs. If the recoverable amount of an asset or cash-generating unit is estimated to be less than its carrying amount, the carrying amount of the asset or cash-generating unit is reduced to its recoverable amount. An impairment loss is recognised as an expense immediately in the Consolidated Statement of Profit or Loss.
text: Goodwill is considered impaired if the carrying value of the cash-generating unit to which it relates is greater than the higher of fair value less costs of disposal and the value in use.
text: For the year-ended 31 March 2019, the Directors have reviewed the value of goodwill based on internal value in use calculations. The key assumptions for these calculations are discount rates, growth rates and expected changes to billings and direct costs during the period.
text: The Group prepares cash flow forecasts derived from the Directors’ most recent financial forecasts for the following five years. The growth rates for the five-year period are based on Directors’ expectations of the medium-term operating performance of the cash-generating unit, planned growth in market share, industry forecasts, growth in the market and specific regional considerations and are in line with past experience. Discount rates have been estimated based on rates that reflect current market assessments of the Group’s weighted average cost of capital.

Questions:
question: When is the impairment of goodwill and tangible assets tested?
answer: tested annually, or more frequently where there is indication of impairment
question: When is Goodwill considered impaired?
answer: if the carrying value of the cash-generating unit to which it relates is greater than the higher of fair value less costs of disposal and the value in use
question: What are the regions in the table to which the carrying amount of goodwill had been allocated to before recognition of impairment losses?
answer: Americas
EMEA
APJ
question: In which year was the amount in APJ larger?
answer: 2018
derivation: 103.6>98.7
question: What was the change in the amount in APJ in 2019 from 2018?
answer: -4.9
derivation: 98.7-103.6
scale: million
question: What was the percentage change in the amount in APJ in 2019 from 2018?
answer: -4.73
derivation: (98.7-103.6)/103.6
scale: percent
Years ended December 31,
2019
2018
$ Difference 
% Difference
Selling, general and administrative expense
$24,371,349
$14,794,205
$9,577,144
64.7%
Research, development and engineering expense
7,496,012
3,766,160
3,729,852
99.0%
Total operating expense
$31,867,361
$18,560,365
$13,306,996
71.7%

text: Operating Expense
text: Selling, general and administrative expense increased $9.6 million to $24.4 million for the year ended December 31, 2019 compared to $14.8 million for the year ended December 31, 2018. Selling, general and administrative expense increased primarily due to $4.4 million of expenses associated with the legacy business of MOI and $2.0 million of expenses associated with the legacy business of GP , in addition to $1.0 million in transaction costs associated with the acquisition of GP, a $0.9 million increase in share-based compensation as a result of new awards, and a $1.1 million increase in expenses related to sales and marketing as a result of increased revenue.
text: Research, development and engineering expenses increased $3.7 million to $7.5 million for the year ended December 31, 2019 compared to $3.8 million for the year ended December 31, 2018 primarily due to $1.1 million of research, development and engineering expense associated with the legacy business of MOI and $2.7 million of research, development and engineering expense associated with the legacy business of GP during the year ended December 31, 2019.

Questions:
question: How much was research, development and engineering expense associated with the legacy business of GP during the year ended December 31, 2019?
answer: $2.7 million
question: What is the average Selling, general and administrative expense for December 31, 2018 and 2019?
answer: 19582777
derivation: (24,371,349+14,794,205) / 2
question: What is the average Research, development and engineering expense for December 31, 2018 and 2019?
answer: 5631086
derivation: (7,496,012+3,766,160) / 2
question: In which year was Selling, general and administrative expense less than 20,000,000?
answer: 2018
derivation: locate and analyze Selling, general and administrative expense in row 3
question: What was the Total operating expense in 2019 and 2018?
answer: $31,867,361
$18,560,365
question: What was the Selling, general and administrative expense increase in 2019?
answer: $9.6 million