next-tat/TAT-QA huggingface dataset:
2019
2018
Notes
$ million
$ million
Employee benefit costs
8
220.5
208.9
Costs of inventories recognised as an expense
81.6
79.8
Write-down of inventories to net realisable value
19
1.6
0.1
Amortisation of intangible assets
13
2.1
4.3
Depreciation of property, plant and equipment
14
14.7
16.5
Depreciation of right-of-use assets
15
7.5
–
Amortisation of assets recognised from costs to obtain a contract
21
0.5
0.6
Operating leases – minimum lease payments
–
8.5
Expenses relating to short-term leases and leases of low-value assets
26
0.3
–
Product development costs
96.5
96.9
Net foreign exchange loss
0.6
0.6

text: 4. Profit before tax
text: The following items have been charged in arriving at profit before tax:

Questions:
question: What have the items in the table been charged in arriving at?
answer: profit before tax
question: What was the amount of employee benefit costs in 2019?
answer: 220.5
scale: million
question: For which years were the items that have been charged in arriving at profit before tax recorded in?
answer: 2019
2018
question: In which year was the amount of product development costs larger?
answer: 2018
derivation: 96.9>96.5
question: What was the change in employee benefit costs?
answer: 11.6
derivation: 220.5-208.9
scale: million
question: What was the percentage change in employee benefit costs?
answer: 5.55
derivation: (220.5-208.9)/208.9
scale: percent
Year Ended June 30,
2019
2018
2017
Processing
$594,202
$550,058
$506,555
Outsourcing & Cloud
405,359
361,922
327,738
Product Delivery & Services
231,982
251,743
256,794
In-House Support
321,148
307,074
297,203
Services & Support
958,489
920,739
$881,735
Total Revenue
$1,552,691
$1,470,797
$1,388,290

text: Disaggregation of Revenue
text: The tables below present the Company’s revenue disaggregated by type of revenue. Refer to Note 13, Reportable Segment Information, for disaggregated revenue by type and reportable segment. The majority of the Company’s revenue is earned domestically, with revenue from customers outside the United States comprising less than 1% of total revenue.

Questions:
question: What does the table present?
answer: the Company’s revenue disaggregated by type of revenue
question: What are the types of revenue shown in the table?
answer: Processing
Outsourcing & Cloud
Product Delivery & Services
In-House Support
Services & Support
question: What is the total revenue as of year ended June 30, 2019?
answer: $1,552,691
question: What is the average processing revenue for 2018 and 2019?
answer: 572130
derivation: ($594,202+$550,058)/2
question: What is the average outsourcing & cloud revenue for 2018 and 2019?
answer: 383640.5
derivation: (405,359+361,922)/2
question: What is the difference between the average processing revenue and the average outsourcing & cloud revenue for 2018-2019?
answer: 188489.5
derivation: [($594,202+$550,058)/2] - [(405,359+361,922)/2]
Fiscal years ended
February 28,
(In thousands)
2018
2017
$ Change
% Change
Segment
Telematics Systems
$48,943
$47,432
$1,511
3.2%
Software & Subscription Services
8,233
3,075
5,158
167.7%
Satellite
-
2,447
(2,447)
(100.0%)
Corporate Expense
(4,794)
(3,586)
(1,208)
33.7%
Total Adjusted EBITDA
$52,382
$49,368
$3,014
6.1%

text: Profitability Measures
text: Net income:
text: The net income in the fiscal year ended February 28, 2018 was $16.6 million as compared to a net loss of $7.9 million in the same period last year. The increase is primarily the result of the $28.3 million non-operating gain from the legal settlement with a former supplier of LoJack, which was recognized during fiscal 2018. This gain was partially offset by higher tax expense in fiscal 2018 due to U.S. and foreign taxes on the $28.3 million legal settlement gain as well as the revaluation of our net deferred income tax assets that occurred in the fourth quarter of fiscal 2018 as we adopted the provisions of the Tax Cuts and Jobs Act which was enacted on December 22, 2017.
text: Adjusted EBITDA:
text: Adjusted EBITDA for Telematics Systems in the fiscal year ended February 28, 2018 increased $1.5 million compared to the same period last year due to higher MRM products revenue. Adjusted EBITDA for Software and Subscription Services increased $5.2 million compared to the same period last year due primarily to lower selling and marketing expenses and lower general and administrative expenses.
text: See Note 20 for a reconciliation of Adjusted EBITDA by reportable segments and a reconciliation to GAAP-basis net income (loss).

Questions:
question: What was the main reason for the increase in net income in the fiscal year ended February 28, 2018?
answer: The increase is primarily the result of the $28.3 million non-operating gain from the legal settlement with a former supplier of LoJack, which was recognized during fiscal 2018.
question: What was the Adjusted EBITDA for Telematics Systems in 2018?
answer: 48,943
scale: thousand
question: What was the Adjusted EBITDA for Telematics Systems in 2017?
answer: 47,432
scale: thousand
question: What was the total Adjusted EBITDA for Telematics Systems and Software & Subscription Services in 2018?
answer: 57176
derivation: (48,943+8,233)
scale: thousand
question: What was the total Adjusted EBITDA for Telematics Systems and Software & Subscription Services in 2017?
answer: 50507
derivation: (47,432+3,075)
scale: thousand
question: What was the average corporate expense for both years, 2017 and 2018?
answer: -4190
derivation: (-4,794-3,586)/(2018-2017+1)
scale: thousand
Year ended March 31,
2019
2018
Expected term (in years)
0.5
0.5
Risk-free interest rate
2.3%
1.4%
Expected volatility
39.1%
29.9%
Expected dividend yield  
—%
—%
Grant date fair value per ordinary share
$36.69
$27.15

text: Employee Share Purchase Plan (ESPP)
text: The Company estimates the fair value of its ESPP share options on the date of grant using the Black-Scholes option-pricing model, which requires the use of highly subjective estimates and assumptions. The Company estimates the expected term of ESPP share options based on the length of each offering period, which is six months.
text: The risk-free interest rate is based on a treasury instrument whose term is consistent with the expected life of the ESPP share option. Expected volatility is based on the Company’s historical volatility. The Company uses an expected dividend rate of zero as it currently has no history or expectation of paying dividends on its ordinary shares.
text: The grant date fair value per ordinary share is based on the closing market value of its ordinary shares on the first day of each ESPP offering period. The first authorized offering period under the ESPP commenced on July 1, 2017.
text: The fair value of each ESPP option grant was estimated using the Black-Scholes option-pricing model that used the following weighted-average assumptions:
text: The weighted-average per share fair value of ESPP share options granted to employees during the years ended March 31, 2019 and 2018, was $9.58 and $6.41, respectively.

Questions:
question: Which model is used to estimate fair value of its ESPP share options on the date of grant ?
answer: Black-Scholes option-pricing model
question: What is the risk free interest rate based on?
answer: a treasury instrument whose term is consistent with the expected life of the ESPP share option.
question: What was the Expected term (in years) in 2019 and 2018 respectively?
answer: 0.5
0.5
question: What was the change in the Risk-free interest rate from 2018 to 2019?
answer: 0.9
derivation: 2.3 - 1.4
scale: percent
question: What is the average Expected volatility for 2018 and 2019?
answer: 34.5
derivation: (39.1 + 29.9) / 2
scale: percent
question: In which year was the Grant date fair value per ordinary share less than 30.0?
answer: 2018
derivation: locate and analyze Grant date fair value per ordinary share in row 7
Years Ended September 30,
2019
2018
2017
Weighted-average assumptions used to determine benefit obligation at September 30:
Discount rate
2.5%
3.6%
3.3%
Rate of compensation increase
3.1%
3.3%
3.2%
Weighted-average assumptions used to determine net periodic benefit cost for the years ended September 30:
Discount rate
3.6%
3.3%
3.0%
Expected return on plan assets
5.7%
6.8%
6.8%
Rate of compensation increase
3.3%
3.2%
3.1%

text: The long-term rate of return assumption represents the expected average rate of earnings on the funds invested or to be invested to provide for the benefits included in the benefit obligations. That assumption is determined based on a number of factors, including historical market index returns, the anticipated long-term asset allocation of the plans, historical plan return data, plan expenses, and the potential to outperform market index returns.
text: We have the responsibility to formulate the investment policies and strategies for the plans’ assets. Our overall policies and strategies include: maintain the highest possible return commensurate with the level of assumed risk, and preserve benefit security for the plans’ participants.
text: We do not direct the day-to-day operations and selection process of individual securities and investments and, accordingly, we have retained the professional services of investment management organizations to fulfill those tasks. The investment management organizations have investment discretion over the assets placed under their management. We provide each investment manager with specific investment guidelines by asset class.

Questions:
question: What does the long-term rate of return assumption represent?
answer: the expected average rate of earnings on the funds invested or to be invested to provide for the benefits included in the benefit obligations
question: How is the long-term rate of return assumption determined?
answer: based on a number of factors, including historical market index returns, the anticipated long-term asset allocation of the plans, historical plan return data, plan expenses, and the potential to outperform market index returns
question: What are the components under the Weighted-average assumptions used to determine benefit obligation at September 30?
answer: Discount rate
Rate of compensation increase
question: For the weighted-average assumptions used to determine benefit obligation at September 30, which year has the largest rate of compensation increase?
answer: 2018
derivation: 3.3%>3.2%>3.1%
question: For the weighted-average assumptions used to determine benefit obligation at September 30, what is the change in the discount rate in 2019 from 2018?
answer: -1.1
derivation: 2.5%-3.6%
scale: percent
question: For the weighted-average assumptions used to determine benefit obligation at September 30, what is the average discount rate across 2017, 2018 and 2019?
answer: 3.13
derivation: (2.5%+3.6%+3.3%)/3
scale: percent
(In thousands)
2019
2018
2017
Current
Federal
$(518)
$(8,001)
$466
State
(1,065)
(476)
(150)
International
(282)
11,705
6,458
Total Current
(1,865)
3,228
6,774
Deferred
Federal
24,801
(14,448)
8,024
State
5,815
(3,390)
1,882
International
(546)
581
4,167
Total Deferred
30,070
(17,257)
14,073
Total Income Tax Expense (Benefit)
$28,205
$(14,029)
$20,847

text: Note 13 – Income Taxes
text: A summary of the components of the expense (benefit) for income taxes for the years ended December 31, 2019, 2018 and 2017 is as follows:

Questions:
question: Which periods are included in the summary of the components of the expense (benefit) for income taxes in the table?
answer: the years ended December 31, 2019, 2018 and 2017
question: What was the expense (benefit) of the current Federal component in 2019?
answer: $(518)
scale: thousand
question: What is the expense (benefit) for current International component?
answer: (282)
scale: thousand
question: What was the change in current state expense (benefit) between 2018 and 2019?
answer: -589
derivation: -1,065-(-476)
scale: thousand
question: What was the change in deferred federal expense (benefit) between 2018 and 2019?
answer: 39249
derivation: 24,801-(-14,448)
scale: thousand
question: What is the percentage change in total income tax expense (benefit) between 2018 and 2019?
answer: -301.05
derivation: ($28,205-(-$14,029))/-$14,029
scale: percent
Fiscal Years  
2019
2018
2017
Balance — beginning of year
$5,756
$3,672
$1,039
(Divested)/acquired
—
(49)
952
Provisions/(expense)
(3,053)
1,865
1,737
Direct charges/(payments)
570
268
(56)
Balance — end of year
$3,273
$5,756
$3,672

text: 16. PRODUCT WARRANTIES
text: We establish a product warranty liability at the time of revenue recognition. Product warranties generally have terms of 12 months and cover nonconformance with specifications and defects in material or workmanship. For sales to distributors, our warranty generally begins when the product is resold by the distributor. The liability is based on estimated costs to fulfill customer product warranty obligations and utilizes historical product failure rates. Should actual warranty obligations differ from estimates, revisions to the warranty liability may be required.
text: Product warranty liability activity is as follows (in thousands):

Questions:
question: What was the (Divested)/acquired values in 2019, 2018 and 2017 respectively?
answer: —
(49)
952
scale: thousand
question: What was the Balance — beginning of year in 2018?
answer: $3,672
scale: thousand
question: What was the Balance — beginning of year in 2019?
answer: $5,756
scale: thousand
question: In which year was Balance — beginning of year less than 5,000 thousands?
answer: 2018
2017
derivation: locate and analyze Balance — beginning of year in row 3
question: What was the change in the Provisions/(expense) from 2017 to 2018?
answer: 128
derivation: 1,865 - 1,737
scale: thousand
question: What is the average Direct charges/(payments) for 2017-2019?
answer: 260.67
derivation: (570 + 268 - 56) / 3
scale: thousand
Year Ended December 31,
2019
2018
2017
(In millions)
Impairment, restructuring charges and other related closure costs
$(5)
$(21)
$(45)

text: In 2019 we recorded $5 million of impairment, restructuring charges and other related closure costs, mainly consisting of impairment of equipment and licenses dedicated exclusively to certain development projects that were cancelled, while no alternative future use was identified internally.
text: In 2018 we recorded $21 million of impairment, restructuring charges and other related closure costs, consisting of: (i) $19 million related to the set-top box restructuring plan and (ii) $2 million of impairment of acquired technologies, for which it was determined that they had no future alternative use.
text: In 2017 we recorded $45 million of impairment, restructuring charges and other related closure costs, primarily consisting of: (i) $34 million of net restructuring charges related to the set-top box restructuring plan; (ii) $13 million of restructuring charges related to the restructuring plan in Bouskoura, Morocco;
text: (iii) $3 million charge relating to the update of the existing unused lease provision and (iv) $5 million income for the reversal of provisions related to previously announced restructuring plans, mainly the Embedded Processing Solutions business restructuring plan, for which accrued provisions were not fully used at completion of the plan.

Questions:
question: In 2019, what constituted Impairment, restructuring charges and other related closure costs?
answer: mainly consisting of impairment of equipment and licenses dedicated exclusively to certain development projects that were cancelled, while no alternative future use was identified internally.
question: In 2018, what constituted Impairment, restructuring charges and other related closure costs?
answer: (i) $19 million related to the set-top box restructuring plan and (ii) $2 million of impairment of acquired technologies, for which it was determined that they had no future alternative use.
question: How much was the net restructuring charges related to the set-top box restructuring plan in 2017?
answer: $34 million
question: What is the average Impairment, restructuring charges and other related closure costs?
answer: 23.67
derivation: (5+21+45) / 3
scale: million
question: What is the increase/ (decrease) in Impairment, restructuring charges and other related closure costs from 2017 to 2019?
answer: -40
derivation: 5-45
scale: million
question: What is the increase/ (decrease) in Impairment, restructuring charges and other related closure costs from 2017 to 2018?
answer: -24
derivation: 21-45
scale: million
Year ended December 31,
(EUR million)
2018
2019
% Change
Backlog at the beginning of the year
176.3
301.5
71%
New orders
942.1
1,328.9
41%
Revenue
(818.1)
(1,283.9)
57%
FX-effect
6.3
4.7
Adjustment IFRS 15
(5.1)
–
Backlog as per reporting date
301.5
351.2
16%
Book-to-bill ratio (new orders divided by net sales)
1.2
1.0

text: BOOKINGS
text: The following table shows new orders levels for 2019 and the backlog for 2018:
text: The backlog includes orders for which purchase orders or letters of intent have been accepted, typically for up to one year. Historically, orders have been subject to cancellation or rescheduling by customers. In addition, orders have been subject to price negotiations and changes in specifications as a result of changes in customers’ requirements. Due to possible customer changes in delivery schedules and requirements, and to cancellations of orders, our backlog at any particular date is not necessarily indicative of actual sales for any subsequent period.
text: For the year in total, our new bookings increased by 24% in 2019 to €1,170 million, excluding the proceeds from the settlements. The book-to-bill, as measured by orders divided by revenue, was 1.0 in 2019. Equipment bookings were led by the foundry segment, followed by logic and memory. Bookings strengthened in the course of the year, excluding the settlement gains, from €235 million in the first quarter to €270 million in the second quarter, €292 million in the third quarter and finished at a new record high of €373 million in the fourth quarter. We also finished the year with a record high order backlog of €351 million, an increase of 16% compared to the end of 2018.

Questions:
question: What was the percentage increase in new bookings in 2019 for the year in total?
answer: 24%
question: What does the table show?
answer: new orders levels for 2019 and the backlog for 2018
question: What is the % change in Backlog at the beginning of the year from 2018 to 2019?
answer: 71%
question: What is the average Backlog at the beginning of the year for both 2018 and 2019?
answer: 238.9
derivation: (176.3+301.5)/2
scale: million
question: What is the percentage change in Bookings, excluding the settlement gains of first quarter 2019 to second quarter?
answer: 14.89
derivation: (270-235)/235
scale: percent
question: What is the percentage change in Bookings, excluding the settlement gains, of the first two quarters 2019 to last two quarters?
answer: 31.68
derivation: (373+292-270-235)/(235+270)
scale: percent
Period 
2019
2018
2017
2016
2015
1st Quarter 
$0.04
$0.03
$0.20
$0.43
$0.22
2nd Quarter 
$0.03
$0.01
$0.20
$0.43
$0.38
3rd Quarter 
$0.01
$0.02
$0.15* 
$0.25
$0.40
4th Quarter 
$0.02
$0.01
$0.03
$0.26
$0.38
Total
$0.10
$0.07
$0.58
$1.37
$1.38

text: Dividend Policy
text: Our policy is to declare quarterly dividends to shareholders as decided by the Board of Directors. The dividend to shareholders could be higher than the operating cash flow or the dividend to shareholders could be lower than the operating cash flow after reserves as the Board of Directors may from time to time determine are required, taking into account contingent liabilities, the terms of our borrowing agreements, our other cash needs and the requirements of Bermuda law.
text: Total dividends distributed in 2019 totaled $14.3 million or $0.10 per share. The quarterly dividend payments per share over the last 5 years have been as follows:
text: * Includes $0.05 per share distributed as dividend-in-kind.
text: The Company declared a dividend of $0.07 per share in respect of the fourth quarter of 2019, which was paid to shareholders on March 16, 2020.

Questions:
question: What is the amount of per share distributed as dividend-in-kind included in the 3rd quarter dividend in 2017?
answer: $0.05 per share distributed as dividend-in-kind
question: What is the total dividends distributed in 2019?
answer: $0.10
question: What is the value of total dividends distributed in 2019?
answer: $14.3 million
question: What is the average quarterly dividend payments per share in the first quarter of 2018 and 2019?
answer: 0.04
derivation: (0.03 + 0.04)/2 
question: What is the average quarterly dividend payments per share in the second quarter of 2018 and 2019?
answer: 0.02
derivation: (0.03 + 0.01)/2 
question: What is the average quarterly dividend payments per share in the third quarter of 2018 and 2019?
answer: 0.01
derivation: (0.01 + 0.02)/2
Year Ended
(In millions)
March 29, 2019
March 30, 2018
March 31, 2017
Current:
Federal
$73
$1,011
$108
State
15
40
6
International
74
107
68
Total
162
1,158
182
Deferred:
Federal
(52)
(1,664)
(177)
State
(2)
(151)
(17)
International
(16)
(33)
(14)
Total
(70)
(1,848)
(208)
Income tax expense (benefit)
$92
$(690)
$(26)

text: Pre-tax income from international operations was $214 million, $890 million, and $353 million for fiscal 2019, 2018, and 2017, respectively.
text: The components of income tax expense (benefit) recorded in continuing operations are as follows:
text: As of December 28, 2018, we have completed our accounting for the effects of the enactment of the Tax Cuts and Jobs Act (H.R.1) (the 2017 Tax Act) in accordance with U.S. Securities and Exchange Commission (SEC) Staff Accounting Bulletin No. 118, and the amounts are no longer considered provisional. We will continue to evaluate any new guidance from the U.S. Department of Treasury and the Internal Revenue Service (IRS) as issued.

Questions:
question: What does the table show?
answer: components of income tax expense (benefit) recorded in continuing operations
question: What is the Pre-tax income from international operations for fiscal 2019?
answer: $214 million
question: What is the Pre-tax income from international operations for fiscal 2018?
answer: $890 million
question: What is the income tax expense for Federal for year ended March 29, 2019 expressed as a percentage of total income tax expenses?
answer: 45.06
derivation: 73/162
scale: percent
question: What is the summed Total current income tax expense for the fiscal years 2017, 2018 and 2019?
answer: 1502
derivation: 162+1,158+182
scale: million
question: What is the average Total current income tax expense for the fiscal years 2017, 2018 and 2019?
answer: 500.67
derivation: (162+1,158+182)/3
scale: million