next-tat/TAT-QA huggingface dataset:
July 27, 2019
July 28, 2018
July 29, 2017
Balance at beginning of fiscal year
$359
$407
$414
Provisions for warranties issued
600
582
691
Adjustments for pre-existing warranties
(12)
(38)
(21)
Settlements
(603)
(592)
(677)
Acquisitions and divestitures
(2)
—
—
Balance at end of fiscal year
$342
$359
$407

text: (d) Product Warranties
text: The following table summarizes the activity related to the product warranty liability (in millions):
text: We accrue for warranty costs as part of our cost of sales based on associated material product costs, labor costs for technical support staff, and associated overhead. Our products are generally covered by a warranty for periods ranging from 90 days to five years, and for some products we provide a limited lifetime warranty.

Questions:
question: How does the company accrue for warranty costs?
answer: as part of our cost of sales based on associated material product costs, labor costs for technical support staff, and associated overhead
question: Which years does the table provide information for the company's activity related to their product warranty liability?
answer: 2019
2018
2017
question: What were the Acquisitions and divestitures in 2019?
answer: (2)
scale: million
question: What was the change in Provisions for warranties issued between 2017 and 2018?
answer: -109
derivation: 582-691
scale: million
question: How many years did the Balance at beginning of fiscal year exceed $400 million?
answer: 2
derivation: 2018##2017
question: What was the percentage change in the Balance at end of fiscal year between 2018 and 2019?
answer: -4.74
derivation: (342-359)/359
scale: percent
Years Ended December 31,
2019
2018
Increase / (Decrease)
Selling, general and administrative
$8.6
$13.6
$(5.0)
Depreciation and amortization
0.3
0.2
0.1
Loss from operations
$(8.9)
$(13.8)
$4.9

text: Life Sciences Segment
text: Selling, general and administrative: Selling, general and administrative expenses from our Life Sciences segment for the year ended December 31, 2019 decreased $5.0 million to $8.6 million from $13.6 million for the year ended December 31, 2018. The decrease was driven by comparably fewer expenses at the Pansend holding company, which incurred additional compensation expense in the prior period related to the performance of the segment. The decrease was also due to a reduction in costs associated with the sale of BeneVir in the second quarter of 2018.
text: Segment Results of Operations In the Company's Consolidated Financial Statements, other operating (income) expense includes (i) (gain) loss on sale or disposal of assets, (ii) lease termination costs, (iii) asset impairment expense, (iv) accretion of asset retirement obligations, and (v) FCC reimbursements. Each table summarizes the results of operations of our operating segments and compares the amount of the change between the periods presented (in millions).

Questions:
question: What was the Selling, general and administrative expenses from our Life Sciences segment for the year ended December 31, 2019?
answer: $8.6 million
question: What was the decrease in the selling, general and administrative expenses?
answer: $5.0 million
question: What was the Depreciation and amortization in 2019?
answer: 0.3
scale: million
question: What was the percentage change in the selling, general and administrative expenses from 2018 to 2019?
answer: -36.76
derivation: 8.6 / 13.6 - 1
scale: percent
question: What was the average depreciation and amortization expense for 2018 and 2019?
answer: 0.25
derivation: (0.3 + 0.2) / 2
scale: million
question: What was the percentage change in the loss from operations from 2018 to 2019?
answer: -35.51
derivation: -8.9 / -13.8 - 1
scale: percent
August 31,
2019
2018
Projected benefit obligation
$174,690
$161,104
Accumulated benefit obligation
$161,729
$152,380
Fair value of plan assets
$158,101
$151,715

text: Accumulated Benefit Obligation
text: The following table provides information for the plans with an accumulated benefit obligation for fiscal years 2019 and 2018 (in thousands):

Questions:
question: What was the fair value of plan assets in 2019?
answer: $158,101
scale: thousand
question: Which years does the table provide information for the plans with an accumulated benefit obligation for?
answer: 2019
2018
question: What was the Accumulated benefit obligation in 2018?
answer: $152,380
scale: thousand
question: What was the change in Accumulated benefit obligation between 2018 and 2019?
answer: 9349
derivation: $161,729-$152,380
scale: thousand
question: How many years did the Projected benefit obligation exceed $150,000 thousand?
answer: 2
derivation: 2019##2018
question: What was the percentage change in the fair value of plan assets between 2018 and 2019?
answer: 4.21
derivation: ($158,101-$151,715)/$151,715
scale: percent
Fiscal
2019
2018
2017
Beginning balance
$4,568
$6,890
$2,420
Additions charged to expenses
5,210
1,980
4,190
Accruals related to acquisitions
—
37
4,390
Deductions from reserves
(1,088)
(4,339)
(4,110)
Ending balance
$8,690
$4,568
$6,890

text: Accounts Receivable Allowances
text: Accounts receivable allowances reflect our best estimate of probable losses inherent in our accounts receivable balances, including both losses for uncollectible accounts receivable and sales returns. We regularly review allowances by considering factors such as historical experience, credit quality, the age of the accounts receivable balances and current economic conditions that may affect a customer’s ability to pay.
text: Activity in accounts receivable allowance is as follows (in thousands):

Questions:
question: What do Accounts receivable allowances reflect?
answer: reflect our best estimate of probable losses inherent in our accounts receivable balances, including both losses for uncollectible accounts receivable and sales returns
question: What was the Ending balance in 2019?
answer: $8,690
scale: thousand
question: In which years were the accounts receivable allowances provided in the table?
answer: 2019
2018
2017
question: In which year were the Additions charged to expenses the largest?
answer: 2019
derivation: 5,210>4,190>1,980
question: What was the change in Ending balance in 2019 from 2018?
answer: 4122
derivation: 8,690-4,568
scale: thousand
question: What was the percentage change in Ending balance in 2019 from 2018?
answer: 90.24
derivation: (8,690-4,568)/4,568
scale: percent
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

text: 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.
text: 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.
text: 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.
text: At December 31, 2019 and 2018, the balance and aging of the device payment plan agreement receivables on a gross basis was as follows:

Questions:
question: How is the delinquency and write-off experience monitored?
answer: as key credit quality indicators for the portfolio of device payment plan agreement receivables and fixed-term service plans.
question: What does the customer-scoring models assess?
answer: origination characteristics
customer account history
payment patterns
question: What was the unbilled in 2019?
answer: $ 22,827
question: What was the increase / (decrease) in the unbilled from 2018 to 2019?
answer: -1455
derivation: 22,827 - 24,282
question: What was the average current billed for 2018 and 2019?
answer: 1375.5
derivation: (1,286 + 1,465) / 2
question: What was the increase / (decrease) in the past due from 2018 to 2019?
answer: -35
derivation: 236 - 271
2019
2018
2017
Numerator:
Net income (loss)
$20,732
$(26,743)
$18,072
Net income (loss) per share:
Basic
$0.25
$(0.34)
$0.24
Diluted
$0.25
$(0.34)
$0.24
Denominator:
Weighted average shares used in computing net income (loss) per share:
Basic
81,447,998
77,709,592
73,994,577
Weighted average effect of diluted stock options
229,035
—
544,520
Weighted average effect of diluted stock awards
1,004,181
—
789,246
Diluted
82,681,214
77,709,592
75,328,343

text: 5. Net Income (Loss) per Share
text: The Company calculates basic earnings per share by dividing the net income (loss) by the weighted average number of shares of common stock outstanding for the period. The diluted earnings per share is computed by giving effect to all potential dilutive common stock equivalents outstanding for the period using the treasury stock method. For purposes of this calculation, options to purchase common stock, stock awards, and the Convertible Senior Notes are considered to be common stock equivalents.
text: Since the Company has the intent and ability to settle the principal amount of the Convertible Senior Notes in cash and any excess in shares of the Company’s common stock, the Company uses the treasury stock method for calculating any potential dilutive effect of the conversion spread on diluted net income per share, if applicable.
text: The conversion spread will have a dilutive impact on net income (loss) per share of common stock when the average market price of the Company’s common stock for a given period exceeds the conversion price of $113.75 per share for the Convertible Senior Notes. During the fiscal years ended July 31, 2019 and 2018, the Company’s weighted average common stock price was below the conversion price of the Convertible Senior Notes.
text: The following table sets forth the computation of the Company’s basic and diluted net income per share for the years endedJ uly 31, 2019, 2018 and 2017 (in thousands, except share and per share amounts):

Questions:
question: How is the basic earnings per share calculated?
answer: by dividing the net income (loss) by the weighted average number of shares of common stock outstanding for the period.
question: What was the Net income (loss) in 2019, 2018 and 2017 respectively?
answer: $20,732
$(26,743)
$18,072
scale: thousand
question: What was the basic Net income (loss) per share in 2019?
answer: $0.25
question: In which year was basic Net income (loss) per share negative?
answer: 2018
derivation: locate and analyze Basic in row 5
question: What was the change in the basic Weighted average shares used in computing net income (loss) per share from 2018 to 2019?
answer: 3738406
derivation: 81,447,998 - 77,709,592
question: What was the average Diluted Weighted average shares used in computing net income (loss) per share for 2018 and 2019?
answer: 78573049.67
derivation: (82,681,214 + 77,709,592 + 75,328,343) / 3
Depreciable Lives
As of December 31
2019
2018
(Dollars in millions)
Land
N/A
$867
871
Fiber, conduit and other outside plant(1)
15-45 years
24,666
23,936
Central office and other network electronics(2)
3-10 years
19,608
18,736
Support assets(3)
3-30 years
7,984
8,020
Construction in progress(4)
N/A
2,300
1,704
Gross property, plant and equipment
55,425
53,267
Accumulated depreciation
(29,346)
(26,859)
Net property, plant and equipment
$26,079
26,408

text: (9) Property, Plant and Equipment
text: Net property, plant and equipment is composed of the following:
text: (1) Fiber, conduit and other outside plant consists of fiber and metallic cable, conduit, poles and other supporting structures.
text: 2) Central office and other network electronics consists of circuit and packet switches, routers, transmission electronics and electronics providing service to customers.
text: (3) Support assets consist of buildings, cable landing stations, data centers, computers and other administrative and support equipment.
text: (4) Construction in progress includes inventory held for construction and property of the aforementioned categories that has not been placed in service as it is still under construction.
text: We recorded depreciation expense of $3.1 billion, $3.3 billion and $2.7 billion for the years ended December 31, 2019, 2018 and 2017, respectively.

Questions:
question: What does 'Fiber, conduit and other outside plant' consist of?
answer: fiber and metallic cable, conduit, poles and other supporting structures
question: What do 'Support assets' consist of?
answer: buildings, cable landing stations, data centers, computers and other administrative and support equipment.
question: In which years was the depreciation expense recorded?
answer: 2019
2018
2017
question: In which year was the depreciation expense recorded the largest?
answer: 2018
derivation: 3.3>3.1>2.7
question: What is the change in the construction in progress in 2019?
answer: 596
derivation: 2,300-1,704
scale: million
question: What is the average net property, plant and equipment?
answer: 26243.5
derivation: (26,079+26,408)/2
scale: million
Contractual Obligations in $’000s 
Total  
Less than 1 year  
1-3 years  
3-5 years  
More than 5 years
Senior Secured Credit Facility (1)*
291,798
18,749
30,610
242,439
-
Interest Payments (2)
82,255
21,690
39,624
20,941
-
Financing of 2018 Newbuildings (3)
119,867
7,630
16,287
17,849
78,101
Interest Payments 2018 Newbuildings (4)
47,517
7,674
13,739
11,526
14,578
Operating Lease Liabilities (5)  
1,937
500
638
587
212
Total  
543,374
56,243
100,898
293,342
92,891

text: The Company’s contractual obligations as of December 31, 2019, consist of our obligations as borrower under our 2019 Senior Secured Credit Facility, our obligations related to financing of our three 2018 Newbuildings.
text: The following table sets out financial, commercial and other obligations outstanding as of December 31, 2019.
text: Notes:
text: (1) Refers to obligation to repay indebtedness outstanding as of December 31, 2019.
text: (2) Refers to estimated interest payments over the term of the indebtedness outstanding as of December 31, 2019. Estimate based on applicable interest rate and drawn amount as of December 31, 2019.
text: (3) Refers to obligation to repay indebtedness outstanding as of December 31, 2019 for three 2018 Newbuildings.
text: (4) Refers to estimated interest payments over the term of the indebtedness outstanding as of December 31, 2019. Estimate based on applicable interest as of December 31, 2019 for the financing of the three 2018 Newbuildings.
text: (5) Refers to the future obligation as of December 31, 2019 to pay for operating lease liabilities at nominal values.
text: *The new five-year senior secured credit facility for $306.1 million is amortizing with a twenty-year maturity profile, carries a floating LIBOR interest rate plus a margin and matures in February 2024. Further, the agreement contains a discretionary excess cash amortization mechanism for the lender that equals 50% of the net earnings from the collateral vessels, less capex provision and fixed amortization.

Questions:
question: What does Senior Secured Credit Facility refer to?
answer: obligation to repay indebtedness outstanding as of December 31, 2019.
question: What does Interest Payments refer to?
answer: estimated interest payments over the term of the indebtedness outstanding as of December 31, 2019
question: What does Financing of 2018 Newbuildings refer to?
answer: obligation to repay indebtedness outstanding as of December 31, 2019 for three 2018 Newbuildings.
question: What is the average total Senior Secured Credit Facility and Interest Payments?
answer: 187026.5
derivation: (291,798 + 82,255)/2 
scale: thousand
question: What is the average total Interest Payments and Financing of 2018 Newbuildings?
answer: 101061
derivation: (82,255 + 119,867)/2 
scale: thousand
question: What is the total average Financing of 2018 Newbuildings and Interest Payments 2018 Newbuildings?
answer: 83692
derivation: (119,867 + 47,517)/2 
scale: thousand
Three months ended August 31,
2019
2018 (1)
Change
(in thousands of dollars, except percentages)
$
$
%
Interest on long-term debt
41,307
46,127
(10.4)
Net foreign exchange losses (gains)
(403)
482
—
Amortization of deferred transaction costs
464
441
5.2
Capitalized borrowing costs
(168)
(162)
3.7
Other
(763)
821
—
40,437
47,709
(15.2)

text: FINANCIAL EXPENSE
text: (1) Fiscal 2018 was restated to reclassify results from Cogeco Peer 1 as discontinued operations. For further details, please consult the "Discontinued operations" section.
text: Fiscal 2019 fourth-quarter financial expense decreased by 15.2% mainly due to: • the reimbursements of $65 million and US$35 million under the Canadian Revolving Facility during the second quarter of fiscal 2019 and of US$328 million during the third quarter of fiscal 2019 following the sale of Cogeco Peer 1; and • lower debt outstanding and interest rates on the First Lien Credit Facilities; party offset by • the appreciation of the US dollar against the Canadian dollar compared to same period of the prior year.

Questions:
question: What was the financial expense decrease in fourth-quarter 2019?
answer: 15.2%
question: What was the reimbursement in 2019 fourth quarter?
answer: $65 million and US$35 million
question: What was the percentage decrease in the interest on long-term debt from 2018 to 2019?
answer: 10.4
scale: percent
question: What was the increase / (decrease) in the interest on long-term debt from 2018 to 2019?
answer: -4820
derivation: 41,307 - 46,127
scale: thousand
question: What was the average Amortization of deferred transaction costs from 2018 to 2019?
answer: 452.5
derivation: (464 + 441) / 2
scale: thousand
question: What was the increase / (decrease) in total financial expense from 2018 to 2019?
answer: -7272
derivation: 40,437 - 47,709
scale: thousand
December 31,
2019
2018
Computer hardware and software
$3,427
$3,353
Office equipment and office furniture
8,148
7,814
Capitalized internal-use software and website development
4,390
4,383
Leasehold improvements
6,247
6,140
22,212
21,690
Less accumulated depreciation and amortization
(19,230)
(17,900)
Total
$2,982
$3,790

text: Property and equipment consist of the following (in thousands):
text: Depreciation expense was $1.2 million and $1.6 million for the years ended December 31, 2019 and 2018, respectively.
text: Amortization of capitalized internal-use software and website development costs was $157,000 and $247,000 for the years ended December 31, 2019 and 2018, respectively.

Questions:
question: What is the depreciation expense for 2019 and 2018 respectively?
answer: $1.2 million
$1.6 million
question: What is the amount of computer hardware and software for 2019 and 2018 respectively?
answer: $3,427
$3,353
scale: thousand
question: What is the amount of office equipment and office furniture for 2019 and 2018 respectively?
answer: 8,148
7,814
scale: thousand
question: What is the change in the amount of computer hardware and software between 2018 and 2019?
answer: 74
derivation: 3,427-3,353
scale: thousand
question: What is the average of the total property and equipment for 2018 and 2019?
answer: 3386
derivation: (2,982+ 3,790)/2
scale: thousand
question: What is the percentage change in the leasehold improvements amount from 2018 to 2019?
answer: 1.74
derivation: (6,247-6,140)/6,140
scale: percent
Fiscal Year Ended August 31,
(dollars in millions)
2019
2018
2017(2)
Employee severance and benefit costs
$16.0
$16.3
$56.8
Lease costs
—
1.6
4.0
Asset write-off costs
(3.6)
16.2
94.3
Other costs
13.5
2.8
5.3
Total restructuring and related charges (1)
$25.9
$36.9
$160.4

text: Restructuring and Related Charges
text: Following is a summary of our restructuring and related charges:
text: (1) Includes $21.5 million, $16.3 million and $51.3 million recorded in the EMS segment, $2.6 million, $16.6 million and $82.4 million recorded in the DMS segment and $1.8 million, $4.0 million and $26.7 million of non-allocated charges for the fiscal years ended August 31, 2019, 2018 and 2017, respectively. Except for asset write-off costs, all restructuring and related charges are cash settled.
text: (2) Fiscal year ended August 31, 2017, includes expenses related to the 2017 and 2013 Restructuring Plans.

Questions:
question: How much was of total restructuring and related charges was recorded in the EMS segment in 2019?
answer: $21.5 million
question: What were the Employee severance and benefit costs in 2018?
answer: $16.3
scale: million
question: Which years of Restructuring Plans did the fiscal year ended August 31, 2017 include expenses related to?
answer: 2017
2013
question: What was the change in Employee severance and benefit costs between 2018 and 2019?
answer: -0.3
derivation: $16.0-$16.3
scale: million
question: How many years did Total restructuring and related charges exceed $100 million?
answer: 1
derivation: 2017
question: What was the percentage change in other costs between 2018 and 2019?
answer: 382.14
derivation: (13.5-2.8)/2.8
scale: percent
2019
2018
Weighted average fair value per option granted
$2.34
$2.13
Weighted average share price
$58
$57
Weighted average exercise price
$58
$56
Expected dividend growth
5%
5%
Expected volatility
14%
12%
Risk-free interest rate
2%
2%
Expected life (years)
4
4

text: ASSUMPTIONS USED IN STOCK OPTION PRICING MODEL
text: The fair value of options granted was determined using a variation of a binomial option pricing model that takes into account factors specific to the share incentive plans, such as the vesting period. The following table shows the principal assumptions used in the valuation.
text: Expected dividend growth is commensurate with BCE’s dividend growth strategy. Expected volatility is based on the historical volatility of BCE’s share price. The risk-free rate used is equal to the yield available on Government of Canada bonds at the date of grant with a term equal to the expected life of the options

Questions:
question: How is the fair value of options granted determined?
answer: using a variation of a binomial option pricing model that takes into account factors specific to the share incentive plans, such as the vesting period
question: What is expected volatility based on?
answer: the historical volatility of BCE’s share price
question: Which assumption variables in the table are further elaborated in the text?
answer: Expected dividend growth
Expected volatility
Risk-free interest rate
question: In which year is the weighted average share price higher?
answer: 2019
derivation: $58>$57
question: What is the change in the expected volatility in 2019?
answer: 2
derivation: 14%-12%
scale: percent
question: What is the average expected life over 2018 and 2019?
answer: 4
derivation: (4+4)/2