next-tat/TAT-QA huggingface dataset:
March 31,
2019
2018
Land
$83.4
$73.4
Building and building improvements
647.6
508.5
Machinery and equipment
2,095.5
1,943.9
Projects in process
119.2
118.3
Total property, plant and equipment, gross
2,945.7
2,644.1
Less accumulated depreciation and amortization
1,949.0
1,876.2
Total property, plant and equipment, net
$996.7
$767.9

text: Property, Plant and Equipment
text: Property, plant and equipment consists of the following (in millions):
text: Depreciation expense attributed to property, plant and equipment was $180.6 million, $123.7 million and $122.9 million for the fiscal years ending March 31, 2019, 2018 and 2017, respectively.

Questions:
question: What was the depreciation expense attributed to property, plant and equipment in 2019?
answer: 180.6
scale: million
question: What was the Building and building improvements in 2018?
answer: 508.5
scale: million
question: Which years does the table provide information for Property, plant and equipment?
answer: 2019
2018
question: What was the change in Machinery and equipment between 2018 and 2019?
answer: 151.6
derivation: 2,095.5-1,943.9
scale: million
question: What was the change in projects in process between 2018 and 2019?
answer: 0.9
derivation: 119.2-118.3
scale: million
question: What was the percentage change in the total net property, plant and equipment between 2018 and 2019?
answer: 29.8
derivation: (996.7-767.9)/767.9
scale: percent
Years Ended
2019 vs. 2018
Years Ended
July 27, 2019
July 28, 2018
July 29, 2017
Variance in Dollars
Variance in Percent
Service revenue:
Americas
$ 8,173
$ 7,982
$7,864
$191
2%
Percentage of service revenue
63.4%
63.3%
63.9%
EMEA
2,854
2,754
2,635
100
4%
Percentage of service revenue
22.1%
21.8%
21.4%
APJC
1,872
1,885
1,801
(13)
(1)%
Percentage of service revenue
14.5%
14.9%
14.7%
Total
$ 12,899
$ 12,621
$12,300
$278
2%

text: Service Revenue by Segment
text: The following table presents the breakdown of service revenue by segment (in millions, except percentages):
text: Amounts may not sum and percentages may not recalculate due to rounding
text: Service revenue increased 2%, driven by an increase in software and solution support offerings. Service revenue increased in the Americas and EMEA segments, partially offset by decreased revenue in our APJC segment.

Questions:
question: Why did service revenue increase?
answer: an increase in software and solution support offerings.
question: What was the service revenue from Americas in 2019?
answer: 8,173
scale: million
question: What was the service revenue from EMEA in 2018?
answer: 2,754
scale: million
question: What was the change in service revenue from EMEA between 2017 and 2018?
answer: 119
derivation: 2,754-2,635
scale: million
question: How many years did service revenue from APJC exceed $1,500 million?
answer: 3
derivation: 2019##2018##2017
question: What was the percentage change in total service revenue between 2017 and 2018?
answer: 2.61
derivation: (12,621-12,300)/12,300
scale: percent
FY18
Change in
FY19
NEO
Annual Salary ($)
Salary (%)
Annual Salary
Gregory S. Clark
1,000,000
—
1,000,000
Nicholas R. Noviello
650,000
—
650,000
Amy L. Cappellanti-Wolf
440,000
—
440,000
Samir Kapuria(1)
390,000(1)
60,000(1)
450,000
Scott C. Taylor
600,000
—
600,000

text: The following table presents each NEO’s base salary for FY19.
text: (1) Mr. Kapuria was named an executive officer during FY19 and received a salary increase in connection with his promotion. His salary increased from $390,000 to $440,000 effective May 8, 2018.
text: As presented in the table above, our named executive officers did not receive an increase in annual base salary other than in connection with a promotion for Mr. Kapuria. Our former CEO determined that none of our other NEOs would receive a base salary increase for FY19. In addition, our Board also determined that Mr. Clark would not receive a salary increase in FY19.

Questions:
question: What does NEO stand for?
answer: named executive officers
question: Who are the NEOs in this company?
answer: Gregory S. Clark
Nicholas R. Noviello
Amy L. Cappellanti-Wolf
Samir Kapuria
Scott C. Taylor
question: Who was named an executive officer during FY19?
answer: Mr. Kapuria
question: What is the total FY19 NEOs' annual salary?
answer: 3140000
derivation: 1,000,000+650,000+440,000+450,000+600,000
question: What is the average FY19 NEO annual salary?
answer: 628000
derivation: (1,000,000+650,000+440,000+450,000+600,000)/5
question: What is the percentage increase in Mr Kapuria's salary from his promotion?
answer: 12.82
derivation: (440,000-390,000)/390,000
scale: percent
For the Year Ended or As of December 31,
2019
2018
2017
(in thousands)
Devices sold
15,988
13,939
15,343
Active users
29,566
27,627
25,367
Adjusted EBITDA
$(128,333)
$(31,361)
$(52,158)
Free cash flow
$(193,363)
$60,327
$(24,919)

text: Key Business Metrics
text: In addition to the measures presented in our consolidated financial statements, we use the following key metrics to evaluate our business, measure our performance, develop financial forecasts, and make strategic decisions.
text: Devices Sold
text: Devices sold represents the number of wearable devices that are sold during a period, net of expected returns. Devices sold does not include sales of accessories. Growth rates between devices sold and revenue are not necessarily correlated because our revenue is affected by other variables, such as the types of products sold during the period, the introduction of new product offerings with differing U.S. manufacturer’s suggested retail prices, or MSRPs, and sales of accessories and premium services.
text: Active Users
text: We grow our community of users through device sales and investment in software to drive engagement. We define an active user as a registered Fitbit user who, within the three months prior to the date of measurement, has (a) an active Fitbit Premium or Fitbit Coach subscription, (b) paired a wearable device or Aria scale with his or her Fitbit account, or (c) logged at least 100 steps with a wearable device or a weight measurement using an Aria scale. Active users can be new users who joined the community during the past 90 days, existing users who have remained active, or previously active users who were inactive for 90 days or greater, if they meet the preceding definition of an active user. The active user number excludes users who have downloaded our mobile apps without purchasing any of our wearable devices and users who have downloaded free versions of Fitbit Coach but are not subscribers to its paid premium offerings.

Questions:
question: What does 'Devices sold' represent?
answer: The number of wearable devices that are sold during a period, net of expected returns.
question: How does the company grow their community of users?
answer: Through device sales and investment in software to drive engagement.
question: How many devices were sold in 2019?
answer: 15,988
scale: thousand
question: What is the average number of devices sold from 2017-2019?
answer: 15090
derivation: (15,988+13,939+15,343)/3
scale: thousand
question: What is the change in the number of active users between 2018 and 2019?
answer: 1939
derivation: 29,566-27,627
scale: thousand
question: What is the percentage change of devices sold from 2018 to 2019?
answer: 14.7
derivation: (15,988-13,939)/13,939
scale: percent
2019
2018
(in thousands)
Contract manufacturer and supplier prepayments
$143,392
$131,642
Prepaid taxes
8,046
9,646
Prepaid maintenance and other services
8,503
8,487
Other prepayments
16,753
12,744
Total prepayments
$176,694
$162,519

text: Prepayments
text: Prepayments consist of the following and are included in prepayments and other current assets on the balance sheet:

Questions:
question: Where are prepayments included?
answer: in prepayments and other current assets on the balance sheet
question: What are the prepaid taxes in 2019?
answer: 8,046
scale: thousand
question: What are the components making up total prepayments in the table?
answer: Contract manufacturer and supplier prepayments
Prepaid taxes
Prepaid maintenance and other services
Other prepayments
question: In which year was Prepaid maintenance and other services larger?
answer: 2019
derivation: 8,503>8,487
question: What was the change in prepaid taxes from 2018 to 2019?
answer: -1600
derivation: 8,046-9,646
scale: thousand
question: What was the percentage change in prepaid taxes from 2018 to 2019?
answer: -16.59
derivation: (8,046-9,646)/9,646
scale: percent
Year Ended February 28,
2019
2018
2017
Inventory purchases:
Supplier A
31%
33%
34%
Supplier B
20%
16%
14%
Supplier C
6%
9%
11%
As of February 28,
2017
2019
2018
Accounts Payable:
Supplier A
30%
40%
33%
Supplier B
18%
16%
18%

text: Significant Suppliers
text: We purchase a significant amount of our inventory from certain manufacturers or suppliers including components, assemblies and electronic manufacturing parts. The inventory is purchased under standard supply agreements that outline the terms of the product delivery. The title and risk of loss of the product generally pass to us upon shipment from the manufacturers’ plant or warehouse. Some of these manufacturers accounted for more than 10% of our purchases and accounts payable as follows:
text: We are currently reliant upon these suppliers for products. Although we believe that we can obtain products from other sources, the loss of a significant supplier could have a material impact on our financial condition and results of operations as the products that are being purchased may not be available on the same terms from another supplier.

Questions:
question: How is the inventory purchased?
answer: The inventory is purchased under standard supply agreements that outline the terms of the product delivery.
question: How many percent of the total inventory purchases did Supplier A account for in the year 2019?
answer: 31%
question: How many percent of the total inventory purchases did Supplier C account for in the year 2019?
answer: 6%
question: What is the percentage change between inventory purchases from Supplier B from 2017 to 2018?
answer: -2
derivation: (14%-16%)
scale: percent
question: What is the percentage change between inventory purchases from Supplier A from 2017 to 2018?
answer: -1
derivation: (33%-34%)
scale: percent
question: What is the percentage change between Accounts Payable to Supplier A from 2018 to 2019?
answer: -10
derivation: (30%-40%)
scale: percent
(In thousands)
2019
2018
2017
Service cost
$ 50
$ 5,809
$ 3,055
Interest cost
30,327
28,870
21,882
Expected return on plan assets
(34,627)
(38,640)
(28,459)
Amortization of:
Net actuarial loss
2,890
6,110
6,244
Prior service cost (credit)
123
(204)
(316)
Plan curtailment
—
(1,156)
(1,337)
Plan settlement
6,726
94
17
Net periodic pension cost
$ 5,489
$ 883
$ 1,086

text: The following table summarizes the components of net periodic pension cost recognized in the consolidated statements of operations for the plans for the years ended December 31, 2019, 2018 and 2017:
text: The components of net periodic pension cost other than the service cost component are included in other, net within other income (expense) in the consolidated statements of operations.
text: In 2019, we purchased a group annuity contract to transfer the pension benefit obligations and annuity administration for a select group of retirees or their beneficiaries to an annuity provider. Upon issuance of the group annuity contract, the pension benefit obligation of $24.4 million for approximately 500 participants was irrevocably transferred to the annuity provider. The purchase of the group annuity was funded directly by the assets of the Pension Plans. During the year ended December 31, 2019, we recognized a pension settlement charge of $6.7 million as a result of the transfer of the pension liability to the annuity provider and other lump sum payments made during the year.
text: In 2018 and 2017, the Retirement Plan was amended to freeze benefit accruals under the cash balance benefit plan for certain participants under collective bargaining agreements. As a result of these amendments, we recognized a pre-tax curtailment gain of $1.2 million and $1.3 million as a component of net periodic pension cost during the years ended December 31, 2018 and 2017, respectively.

Questions:
question: What is the service cost for 2019?
answer: $ 50
scale: thousand
question: In 2019, what was the pension settlement charge recognized?
answer: $6.7 million
question: What was the pre-tax curtailment gain in 2018?
answer: $1.2 million
question: What was the service cost increase / (decrease) from 2018 to 2019?
answer: -5759
derivation: 50 - 5,809
scale: thousand
question: What was the average interest cost for 2017-2019?
answer: 27026.33
derivation: (30,327 + 28,870 + 21,882) / 3
scale: thousand
question: What was the average net actuarial loss for 2017-2019?
answer: 5081.33
derivation: (2,890 + 6,110 + 6,244) / 3
scale: thousand
Name
Target ($)
Cap (%)
Net Sales (%)
Adjusted Operating Income (%)
Strategic Objectives (%)
Corporate Governance (%)
Business Unit/Individual Objectives (%)
Barry Litwin
1,113,750
111
20
60
18
4
0
Thomas Clark
225,000
150
0
0
0
0
100
Robert Dooley
615,000
150
0
0
0
0
100
Eric Lerner
300,900
150
0
0
0
0
100
Manoj Shetty
241,535
150
0
0
0
0
100

text: Under the 2019 Plan, the Compensation Committee set the following non-equity incentive target amounts, non-equity incentive compensation cap percentages and relative percentages weights for each plan component for each of our NEOs in 2019 who are participating in our incentive compensation plans. Under the 2019 Plan, the Compensation Committee set the following non-equity incentive target amounts, non-equity incentive compensation cap percentages and relative percentages weights for each plan component for each of our NEOs in 2019 who are participating in our incentive compensation plans.
text: As noted above, Messrs Richard, Robert and Bruce Leeds no longer participate in incentive compensation. In addition, as
Mr. Reinhold left Systemax as the Chief Executive Officer in January 2019, he did not participate in the 2019 NEO Plan.

Questions:
question: What is the incentive compensation received by Messrs Richard, Robert and Bruce Leeds respectively?
answer: 0
question: What is the non-equity incentive target amount for Barry Litwin and Thomas Clark respectively?
answer: 1,113,750
225,000
question: What is the non-equity incentive target amount for Robert Dooley and Eric Lerner respectively?
answer: 615,000
300,900
question: What is the total non-equity incentive target amounts of all 5 NEOs in 2019?
answer: 2496185
derivation: 1,113,750 +225,000 + 615,000 + 300,900 + 241,535 
question: What is the total percentage net sales allocated under the 2019 Plan for Barry Litwin and Thomas Clark?
answer: 20
derivation: 20 + 0 
scale: percent
question: What percentage of Barry Litwin's target amount under the 2019 plan is Robert Dooley's target amount?
answer: 55.22
derivation: 615,000/1,113,750 
scale: percent
As of December 31,
2019
2018
Land and land improvements
$1,095
$1,136
Buildings and improvements
68,350
70,522
Machinery and equipment
224,312
231,619
Less: Accumulated depreciation
(188,719)
(203,876)
Property, plant and equipment, net
$105,038
$99,401

text: NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
text: NOTE 5 — Property, Plant and Equipment
text: Property, plant and equipment is comprised of the following:

Questions:
question: Which years does the table provide information for the company's Property, plant and equipment?
answer: 2019
2018
question: What was the amount of buildings and improvements in 2019?
answer: 68,350
scale: thousand
question: What was the amount of Machinery and equipment in 2018?
answer: 231,619
scale: thousand
question: How many years did the amount of Machinery and equipment exceed $200,000 thousand?
answer: 2
derivation: 2019##2018
question: What was the change in the amount of Buildings and Improvements between 2018 and 2019?
answer: -2172
derivation: 68,350-70,522
scale: thousand
question: What was the percentage change in the the total net property, plant and equipment between 2018 and 2019?
answer: 5.67
derivation: (105,038-99,401)/99,401
scale: percent
2019
2018
CHANGE
% CHANGE
Retail net subscriber activations (losses) (1)
6,053
21,559
(15,506)
(71.9%)
IPTV
91,476
110,790
(19,314)
(17.4%)
Satellite
(85,423)
(89,231)
3,808
4.3%
Total retail subscribers (1)
2,772,464
2,766,411
6,053
0.2%
IPTV
1,767,182
1,675,706
91,476
5.5%
Satellite
1,005,282
1,090,705
(85,423)
(7.8%)

text: Retail TV
text: (1) As of January 1, 2019, we are no longer reporting wholesale subscribers in our TV subscriber base reflecting our focus on the retail market. Consequently, we restated previously reported 2018 subscribers for comparability.
text: Retail IPTV net subscriber activations decreased by 17.4% in 2019, compared to last year, resulting from the impact of a maturing Fibe TV market, slower new service footprint growth and greater substitution of traditional TV services with OTT services, partly offset by higher Alt TV activations.
text: Retail satellite TV net customer losses improved by 4.3% compared to 2018, attributable to lower deactivations, reflecting a more mature subscriber base geographically better-suited for satellite TV service.
text: Total retail TV net subscriber activations (IPTV and satellite TV combined) decreased by 71.9% in 2019, compared to last year, due to lower IPTV net activations, moderated by fewer satellite TV net losses.
text: Retail IPTV subscribers at December 31, 2019 totaled 1,767,182, up 5.5% from 1,675,706 subscribers reported at the end of 2018.
text: Retail satellite TV subscribers at December 31, 2019 totaled 1,005,282, down 7.8% from 1,090,705 subscribers at the end of last year.
text: Total retail TV subscribers (IPTV and satellite TV combined) at December 31, 2019 were 2,772,464, representing a 0.2% increase since the end of 2018.

Questions:
question: What was the percentage change in the retail satellite TV net customer losses from 2018 to 2019?
answer: 4.3%
question: What resulted in the change in the retail IPTV net subscriber activations in 2019?
answer: the impact of a maturing Fibe TV market, slower new service footprint growth and greater substitution of traditional TV services with OTT services, partly offset by higher Alt TV activations
question: What was the change in the total retail subscribers?
answer: 6,053
question: What is the change in the number of IPTV retail subscribers in 2019?
answer: 91476
derivation: 1,767,182-1,675,706
question: What is the percentage of Satellite subscribers out of the total retail subscribers in 2019?
answer: 36.26
derivation: 1,005,282/2,772,464
scale: percent
question: What is the percentage of IPTV subscribers out of the total retail subscribers in 2019?
answer: 63.74
derivation: 1,767,182/2,772,464
scale: percent
June 30,
($ in millions)
2019
2018
Raw materials and supplies
$169.8
$157.5
Work in process
425.7
372.5
Finished and purchased products
192.2
159.2
Total inventory
$787.7
$689.2

text: 6. Inventories
text: Inventories consisted of the following components at June 30, 2019 and 2018:
text: If the FIFO method of inventory had been used instead of the LIFO method, inventories would have been $178.4 million and $210.3 million higher as of June 30, 2019 and 2018, respectively. Current cost of LIFO-valued inventories was $793.0 million at June 30, 2019 and $760.8 million at June 30, 2018. The reductions in LIFO-valued inventories decreased cost of sales by $0.0 million during fiscal year 2019 and $0.6 million during fiscal year 2018 and $0.0 million during fiscal year 2017.

Questions:
question: What would the amount of inventories be if the FIFO method of inventory had been used instead of the LIFO method?
answer: inventories would have been $178.4 million and $210.3 million higher as of June 30, 2019 and 2018, respectively
question: What was the effect of reductions in LIFO-valued inventories?
answer: decreased cost of sales by $0.0 million during fiscal year 2019 and $0.6 million during fiscal year 2018 and $0.0 million during fiscal year 2017.
question: In which years was inventories calculated?
answer: 2019
2018
question: In which year was Raw materials and supplies larger?
answer: 2019
derivation: 169.8>157.5
question: What was the change in Raw materials and supplies in 2019 from 2018?
answer: 12.3
derivation: 169.8-157.5
scale: million
question: What was the percentage change in Raw materials and supplies in 2019 from 2018?
answer: 7.81
derivation: (169.8-157.5)/157.5
scale: percent
Year Ended June 30,
2019
2018
2017
Basic earnings per share
Net income attributable to OpenText
$285,501
$242,224
$1,025,659(1)
Basic earnings per share attributable to OpenText
$1.06
$0.91
$4.04
Diluted earnings per share
Net income attributable to OpenText
$285,501
$242,224
$1,025,659(1)
Diluted earnings per share attributable to OpenText
$1.06
$0.91
$4.01
Weighted-average number of shares outstanding (in 000's)
Basic
268,784
266,085
253,879
Effect of dilutive securities
1,124
1,407
1,926
Diluted
269,908
267,492
255,805
Excluded as anti-dilutive(2)
2,759
2,770
1,371

text: NOTE 21—EARNINGS PER SHARE
text: Basic earnings per share are computed by dividing net income, attributable to OpenText, by the weighted average number of Common Shares outstanding during the period. Diluted earnings per share are computed by dividing net income, attributable to OpenText, by the shares used in the calculation of basic earnings per share plus the dilutive effect of Common Share equivalents, such as stock options, using the treasury stock method. Common Share equivalents are excluded from the computation of diluted earnings per share if their effect is anti-dilutive.
text: (1) Please also see note 14 "Income Taxes" for details relating to a one-time tax benefit of $876.1 million recorded during the three months ended September 30, 2016 in connection with an internal reorganization of our subsidiaries.
text: (2) Represents options to purchase Common Shares excluded from the calculation of diluted earnings per share because the exercise price of the stock options was greater than or equal to the average price of the Common Shares during the period.

Questions:
question: How is Basic earnings per share computed?
answer: dividing net income, attributable to OpenText, by the weighted average number of Common Shares outstanding during the period
question: How is Diluted earnings per share computed?
answer: dividing net income, attributable to OpenText, by the shares used in the calculation of basic earnings per share plus the dilutive effect of Common Share equivalents, such as stock options, using the treasury stock method
question: When is Common Share equivalents are excluded from the computation of diluted earnings per share excluded?
answer: if their effect is anti-dilutive
question: What is the difference of Basic earnings per share attributable to OpenText for fiscal year 2019 and 2018?
answer: 0.15
derivation: 1.06-0.91
question: What is the Effect of dilutive securities expressed as a percentage of Excluded as anti-dilutive for fiscal year 2019?
answer: 40.74
derivation: 1,124/2,759
scale: percent
question: What is the average annual Basic earnings per share attributable to OpenText? 
answer: 2
derivation: (1.06+0.91+4.04)/3