next-tat/TAT-QA huggingface dataset:
Fiscal Year Ended
December 28, 2019
December 29, 2018
$ Change
% Change
(Dollars in thousands)
Research and development
$81,499
$74,976
$6,523
8.7 %
% of revenues
13.8 %
14.2 %
Fiscal Year Ended
December 29, 2018
December 30, 2017
$ Change
% Change
(Dollars in thousands)
Research and development
$74,976
$73,807
$1,169
1.6 %
% of revenues
14.2 %
13.5 %

text: Research and Development
text: The increase in research and development expenses in fiscal 2019 compared to fiscal 2018 was primarily driven by an increase in employee compensation costs caused by increases in headcount, annual compensation and benefit adjustments and employee performance-based compensation, partially offset by a decrease in project material costs.

Questions:
question: What led to increase in research and development expenses in fiscal 2019 compared to fiscal 2018?
answer: The increase in research and development expenses in fiscal 2019 compared to fiscal 2018 was primarily driven by an increase in employee compensation costs
question: What is the average Research and development for the Fiscal Year Ended December 28, 2019 to December 29, 2018?  
answer: 78237.5
derivation: (81,499+74,976) / 2
scale: thousand
question: What is the average Research and development for the Fiscal Year Ended December 29, 2018 to December 30, 2017?
answer: 74391.5
derivation: (74,976+73,807) / 2
scale: thousand
question: In which year was Research and development less than 80,000 thousands?
answer: 2018
derivation: locate and analyze Research and development in row 4
question: What was the % of revenues in 2019 and 2018?
answer: 13.8 %
14.2 %
question: What was the change in Research and development from 2018 to 2019?
answer: $6,523
scale: thousand
Number of Shares
Weighted Average Grant Date Fair Value
Nonvested shares at March 31, 2016
6,307,742
$36.76
Granted
1,635,655
51.46
Assumed upon acquisition
2,059,524
46.57
Forfeited
(722,212)
43.58
Vested
(2,861,253)
38.60
Nonvested shares at March 31, 2017
6,419,456
42.06
Granted
1,267,536
77.26
Forfeited
(279,051)
49.65
Vested
(1,735,501)
38.00
Nonvested shares at March 31, 2018
5,672,440
50.79
Granted
1,951,408
77.83
Assumed upon acquisition
1,805,680
91.70
Forfeited
(408,242)
73.36
Vested
(2,729,324)
61.51
Nonvested shares at March 31, 2019
6,291,962
$64.81

text: Combined Incentive Plan Information
text: RSU share activity under the 2004 Plan is set forth below:
text: The total intrinsic value of RSUs which vested during the years ended March 31, 2019, 2018 and 2017 was $229.3 million, $146.0 million and $166.1 million, respectively. The aggregate intrinsic value of RSUs outstanding at March 31, 2019 was $522.0 million, calculated based on the closing price of the Company's common stock of $82.96 per share on March 29, 2019. At March 31, 2019, the weighted average remaining expense recognition period was 1.91 years.

Questions:
question: What was the total intrinsic value of RSUs which vested during 2019?
answer: 229.3
scale: million
question: What was the number of granted shares in 2016?
answer: 1,635,655
question: What was the Weighted Average Grant Date Fair Value for nonvested shares at March 31, 2017?
answer: 42.06
question: What was the change in the weighted average grant date fair value of nonvested shares between 2016 and 2017?
answer: 5.3
derivation: 42.06-36.76
question: What was the change in the number of vested shares between 2017 and 2018?
answer: -993823
derivation: -2,729,324-(-1,735,501)
question: What was the percentage change in the number of nonvested shares between 2018 and 2019?
answer: 10.92
derivation: (6,291,962-5,672,440)/5,672,440
scale: percent
Fiscal 2018 Restructuring Plan
Workforce reduction
Facility costs
Total
Balance payable as at June 30, 2017
$—
$—
$—
Accruals and adjustments
8,511
1,643
10,154
Cash payments
(8,845)
(489)
(9,334)
Foreign exchange and other non-cash adjustments
892
11
903
Balance payable as at June 30, 2018
$558
$1,165
$1,723
Accruals and adjustments
(20)
535
515
Cash payments
(337)
(928)
(1,265)
Foreign exchange and other non-cash adjustments
(51)
(286)
(337)
Balance payable as at June 30, 2019
$150
$486
$636

text: Fiscal 2018 Restructuring Plan
text: During Fiscal 2018 and in the context of our acquisitions of Covisint, Guidance and Hightail (each defined below), we began to implement restructuring activities to streamline our operations (collectively referred to as the Fiscal 2018 Restructuring Plan). The Fiscal 2018 Restructuring Plan charges relate to workforce reductions and facility consolidations. These charges require management to make certain judgments and estimates regarding the amount and timing of restructuring charges or recoveries. Our estimated liability could change subsequent to its recognition, requiring adjustments to the expense and the liability recorded. On a quarterly basis, we conduct an evaluation of the related liabilities and expenses and revise our assumptions and estimates as appropriate.
text: Since the inception of the plan, approximately $10.7 million has been recorded within "Special charges (recoveries)" to date. We do not expect to incur any further significant charges relating to this plan.
text: A reconciliation of the beginning and ending liability for the year ended June 30, 2019 and 2018 is shown below.

Questions:
question: What does the table show?
answer: reconciliation of the beginning and ending liability for the year ended June 30, 2019 and 2018
question: How much has been  recorded within "Special charges (recoveries)" since the inception of the plan to date?
answer: $10.7 million
question: What is the Balance payable as at June 30, 2019 for workforce reduction?
answer: 150
scale: thousand
question: What is the Balance payable as at June 30, 2019 for Workforce reduction expressed as a percentage of total Balance payable as at June 30, 2019? 
answer: 23.58
derivation: 150/636
scale: percent
question: What is the difference between the total Balance payable as at June 30, 2019 vs that of 2018?
answer: -1087
derivation: 636-1,723
scale: thousand
question: For Balance payable as at June 30, 2019, What is the difference between Workforce reduction and Facility costs?
answer: -336
derivation: 150-486
scale: thousand
Year Ended December 31,
2019
2018
2017
Net sales:
United States
$901.3
$854.6
$759.4
Canada
45.6
42.3
32.4
Consolidated
$946.9
$896.9
$791.8

text: Disaggregation of Revenues
text: The Company serves customers in diverse geographies, which are subject to different economic and industry factors. The Company's presentation of revenue by geography most reasonably depicts how the nature, amount, timing and uncertainty of Company revenue and cash flows are affected by economic and industry factors. The following table presents the Company's revenue, from continuing operations, by geography for the year ended December 31, 2019, 2018 and 2017 (in millions):

Questions:
question: What does the company's presentation of revenue by geography depict?
answer: How the nature, amount, timing and uncertainty of Company revenue and cash flows are affected by economic and industry factors.
question: What is the company's revenue from continuing operations in 2018 and 2019 respectively?
answer: $896.9
$946.9
scale: million
question: What is the company's revenue from continuing operations in 2018 and 2017 respectively?
answer: $896.9
$791.8
scale: million
question: What is the company's total revenue from continuing operations in 2018 and 2019?
answer: 1843.8
derivation: 946.9 + 896.9 
scale: million
question: What is the company's total revenue from continuing operations in 2018 and 2017?
answer: 1688.7
derivation: 791.8 + 896.9 
scale: million
question: What is the percentage change in the company's revenue from continuing operations between 2018 and 2019?
answer: 5.57
derivation: (946.9 - 896.9)/896.9 
scale: percent
As of December 31
2019
2018
(Dollars in million)
Goodwill
$21,534
28,031
Customer relationships, less accumulated amortization of $9,809 and $8,492
$7,596
8,911
Indefinite-life intangible assets
$269
269
Other intangible assets subject to amortization:
Capitalized software, less accumulated amortization of $2,957 and $2,616
$1,599
1,468
Trade names, less accumulated amortization of $91 and $61
103
131
Total other intangible assets, net
$1,971
1,868

text: (4) Goodwill, Customer Relationships and Other Intangible Assets
text: Goodwill, customer relationships and other intangible assets consisted of the following:
text: Our goodwill was derived from numerous acquisitions where the purchase price exceeded the fair value of the net assets acquired (including the acquisition described in Note 2—Acquisition of Level 3). As of December 31, 2019, the weighted average remaining useful lives of the intangible assets were approximately 8 years in total, approximately 9 years for customer relationships, 4 years for capitalized software and 3 years for trade names.
text: Total amortization expense for intangible assets for the years ended December 31, 2019, 2018 and 2017 was $1.7 billion, $1.8 billion and $1.2 billion, respectively. As of December 31, 2019, the gross carrying amount of goodwill, customer relationships, indefinite-life and other intangible assets was $44.0 billion.

Questions:
question: How was goodwill derived?
answer: from numerous acquisitions where the purchase price exceeded the fair value of the net assets acquired (including the acquisition described in Note 2—Acquisition of Level 3)
question: What was the gross carrying amount of goodwill, customer relationships, indefinite-life and other intangible assets as of December 31, 2019?
answer: $44.0 billion
question: The weighted average remaining useful lives of which items were provided?
answer: intangible assets
customer relationships
capitalized software
trade names
question: Which item has the longest weighted average remaining useful life?
answer: Customer relationships
derivation: 9>8>4>3
question: What is the total amortization expense for intangible assets for 2017, 2018 and 2019?
answer: 4.7
derivation: $1.7+$1.8+$1.2
scale: billion
question: What is the percentage change in total other intangible assets, net from 2018 to 2019?
answer: 5.51
derivation: (1,971-1,868)/1,868
scale: percent
December 31, 2019
Gross Carrying Amount
Accumulated Amortization
Net Carrying Value
Weighted- Average Remaining Life
Customer relationships
$123,731
$(39,335)
$84,396
9.8
Developed technology
30,542
(13,722)
16,820
8.7
Trade name
3,304
(1,082)
2,222
4.8
Other
234
(234)
—
—
Total intangible assets
$157,811
$(54,373)
$103,438

text: We recorded $14.2 million, $15.2 million and $12.3 million of amortization related to our intangible assets for the years ended December 31, 2019, 2018 and 2017, respectively. There were no impairments of long-lived assets during the years ended December 31, 2019, 2018 and 2017.
text: The following tables reflect the weighted-average remaining life and carrying value of finite-lived intangible assets (in thousands, except weighted-average remaining life):

Questions:
question: What was the amortization related to the company's intangible assets in 2019?
answer: $14.2 million
scale: million
question: What was the trade name gross carrying amount in 2019?
answer: 3,304
scale: thousand
question: What was the accumulated amortization for Other in 2019?
answer: 234
scale: thousand
question: How many intangible assets in 2019 had a net carrying value of more than $50,000 thousand?
answer: 1
derivation: Customer relationships
question: What is the percentage constitution of the gross carrying amount of customer relationships among the total gross carrying amount of the total intangible assets?
answer: 78.4
derivation: 123,731/157,811
scale: percent
question: What is the difference in the net carrying value between customer relationships and developed technology?
answer: 67576
derivation: 84,396-16,820
scale: thousand
Combined Pension Plan
Post-Retirement Benefit Plans
Years Ended December 31,
Years Ended December 31,
2019
2018
2019
2018
(Dollars in millions)
Benefit obligation
$(12,217)
(11,594)
(3,037)
(2,977)
Fair value of plan assets
10,493
10,033
13
18
Unfunded status
(1,724)
(1,561)
(3,024)
(2,959)
Current portion of unfunded status
—
—
(224)
(252)
Non-current portion of unfunded status
$(1,724)
(1,561)
(2,800)
(2,707)

text: Unfunded Status
text: The following table presents the unfunded status of the Combined Pension Plan and post-retirement benefit plans:
text: The current portion of our post-retirement benefit obligations is recorded on our consolidated balance sheets in accrued expenses and other current liabilities-salaries and benefits.

Questions:
question: Where is the current portion of the post-retirement benefit obligations recorded?
answer: recorded on our consolidated balance sheets in accrued expenses and other current liabilities-salaries and benefits
question: What is the fair value of plan assets for the combined pension plan item in 2019?
answer: 10,493
scale: million
question: The unfunded statuses of which items are presented in the table?
answer: Combined Pension Plan
Post-Retirement Benefit Plans
question: In which year is the fair value of plan assets under post-retirement benefit plans higher?
answer: 2018
derivation: 18>13
question: What is the difference in the fair value of plan assets under the combined pension plan in 2019?
answer: 460
derivation: 10,493-10,033
scale: million
question: What is the percentage difference in the fair value of plan assets under the combined pension plan in 2019?
answer: 4.58
derivation: (10,493-10,033)/10,033
scale: percent
December 31
2019
2018
Finished goods
$698
$853
Raw materials
90
3
Packaging
110
102
Inventories
$ 898
$ 958

text: NOTE 7. INVENTORIES
text: The following table details the components of inventories (in thousands).

Questions:
question: What are the respective values of finished goods in 2018 and 2019?
answer: $853
$698
scale: thousand
question: What are the respective values of raw materials in 2018 and 2019?
answer: 3
90
scale: thousand
question: What are the respective values of packaging in 2018 and 2019?
answer: 102
110
scale: thousand
question: What is the average value of finished goods in 2018 and 2019?
answer: 775.5
derivation: (853 + 698)/2 
scale: thousand
question: What is the average value of raw materials in 2018 and 2019?
answer: 46.5
derivation: (90 + 3)/2 
scale: thousand
question: What is the average value of packaging in 2018 and 2019?
answer: 106
derivation: (110 + 102)/2 
scale: thousand
Fiscal year-end
2019
2018
2017
Balance as of the beginning of the year
$65,882
$47,566
$20,442
Increase related to acquisitions
—
—
25,151
Tax positions related to current year:
Additions
605
19,033
1,326
Reductions
—
—
—
Tax positions related to prior year:
Additions
448
117
4,951
Reductions
(6,071)
—
(65)
Lapses in statutes of limitations
(639)
(700)
(610)
Decrease in unrecognized tax benefits based on audit results
—
—
(5,217)
Foreign currency revaluation adjustment
(2,114)
(134)
1,588
Balance as of end of year
$58,111
$65,882
$47,566

text: A reconciliation of the change in gross unrecognized tax benefits, excluding interest and penalties,
is as follows (in thousands):
text: As of September 28, 2019, the total amount of gross unrecognized tax benefits including gross interest and penalties was $63.9 million, of which $43.9 million, if recognized, would affect our effective tax rate. We reassessed the computation of the transition tax liability based upon the issuance of new guidance and the availability of additional substantiation in fiscal 2019. The adjustments resulted in a tax benefit of approximately $6.0 million, which was recorded in fiscal 2019. Our total gross unrecognized tax benefit, net of certain deferred tax assets is classified as a long-term taxes payable in the consolidated balance sheets. We include interest and penalties related to unrecognized tax benefits within the provision for income taxes. As of September 28, 2019, the total amount of gross interest and penalties accrued was $5.8 million and it is classified as long-term taxes payable in the consolidated balance sheets. As of September 29, 2018, we had accrued $4.4 million for the gross interest and penalties and it is classified as Other long-term liabilities in the consolidated balance sheets.

Questions:
question: What was the Balance as of end of year in 2019?
answer: $58,111
scale: thousand
question: What was the  Balance as of the beginning of the year  in 2018?
answer: $47,566
scale: thousand
question: In which years was the Balance as of end of year calculated?
answer: 2019
2018
2017
question: In which year was the Balance as of the beginning of the year the largest?
answer: 2019
derivation: 65,882>47,566>20,442
question: What was the change in Balance as of the beginning of the year in 2019 from 2018?
answer: 18316
derivation: 65,882-47,566
scale: thousand
question: What was the percentage change in Balance as of the beginning of the year in 2019 from 2018?
answer: 38.51
derivation: (65,882-47,566)/47,566
scale: percent
2019 €m
2018 €m
2017 €m
Current service cost
31
34
43
Past service costs1
16
2
(27)
Net interest charge
10
8
4
Total included within staff costs
57
44
20
Actuarial losses recognised in the SOCI
33
94
274

text: Charges made to the consolidated income statement and consolidated statement of comprehensive income (‘SOCI’) on the basis of the assumptions stated above are:
text: Note: 1 Following a High Court judgement on 21 October 2018 which concluded that defined benefit schemes should equalise pension benefits for men and women in relation to guaranteed minimum pension (‘GMP’) benefits the Group has recorded a pre-tax past service cost of €16 million (£14 million) in the year ended 31 March 2019.

Questions:
question: Which financial items listed in the table are included within staff costs?
answer: Current service cost
Past service costs
Net interest charge
question: Which financial years' information is shown in the table?
answer: 2017
2018
2019
question: How much is the 2019 current service cost?
answer: 31
scale: million
question: What is the 2019 average actuarial losses recognised in the SOCI ?
answer: 63.5
derivation: (33+94)/2
scale: million
question: What is the 2018 average actuarial losses recognised in the SOCI ?
answer: 184
derivation: (94+274)/2
scale: million
question: What is the change between 2018 and 2019 average actuarial losses recognised in the SOCI?
answer: -120.5
derivation: [(33+94)/2] - [(94+274)/2]
scale: million
Year Ended December 31,
2019
2018
2017
Beginning balance
$138,589
$94,148
$68,064
Receipts(1)
159,527
129,153
109,818
Settlements(2)
(262,449)
(181,590)
(127,029)
Fair value changes recognized in cost of revenue(3)
170,368
96,878
43,295
Ending balance
$206,035
$138,589
$94,148

text: ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (United States Dollars in thousands, except per share data and unless otherwise indicated)
text: Fair value change in FCR liability
text: The following table reconciles the beginning and ending measurements of our FCR liability and highlights the activity that drove the fair value change in FCR liability included in our cost of revenue.
text: (1) Includes: (i) incentive payments from Bank Partners, which is the surplus of finance charges billed to borrowers over an agreedupon portfolio yield, a fixed servicing fee and realized net credit losses, (ii) cash received from recoveries on previously charged-off Bank Partner loans, and (iii) the proceeds received from transferring our rights to Charged-Off Receivables (as defined below) attributable to previously charged-off Bank Partner loans. We consider all monthly incentive payments from Bank Partners during the period to be related to billed finance charges on deferred interest products until monthly incentive payments exceed total billed finance charges on deferred products, which did not occur during any of the periods presented.
text: (2) Represents the reversal of previously billed finance charges associated with deferred payment loan principal balances that were repaid within the promotional period.
text: (3) A fair value adjustment is made based on the expected reversal percentage of billed finance charges (expected settlements), which is estimated at each reporting date. The fair value adjustment is recognized in cost of revenue in the Consolidated Statements of Operations.

Questions:
question: Which years does the table provide?
answer: 2019
2018
2017
question: What was the amount of Receipts in 2017?
answer: 109,818
scale: thousand
question: What was the amount of Settlements in 2019?
answer: (262,449)
scale: thousand
question: How many years did the Fair value changes recognized in cost of revenue exceed $100,000 thousand?
answer: 1
derivation: 2019
question: What was the change in the amount of Settlements between 2017 and 2019?
answer: -135420
derivation: -262,449-(-127,029)
scale: thousand
question: What was the percentage change in the ending balance between 2017 and 2018?
answer: 47.2
derivation: (138,589-94,148)/94,148
scale: percent
Years ended December 31
2019 vs 2018
2018 vs 2017
2019
2018
2017
% Change
% Change
(in thousands, except percentages)
Gross profit
$ 865,643
$ 596,267
$ 380,253
45.2 %
56.8 %
Percentage of total revenues
54.9 %
55.6 %
56.5 %

text: Gross Profit
text: Gross profit increased $269.4 million, or 45.2%, for the year ended December 31, 2019 compared to the same period in 2018. As a percentage of total revenues, gross profit decreased from 55.6% in the year ended December 31, 2018 to 54.9% in the year ended December 31, 2019, due to Shopify Payments representing a larger percentage of total revenue and an increase in amortization of technology related to the 6RS acquisition as well as other platform enhancements. This was partly offset by lower third-party infrastructure and hosting costs and employee-related costs as a percentage of revenues as well as the relative growth of higher-margin merchant solutions products, namely Shopify Capital and referral fees from partners.
text: Gross profit increased $216.0 million, or 56.8%, for the year ended December 31, 2018 compared to the same period in 2017. As a percentage of total revenues, gross profit decreased from 56.5% in the year ended December 31, 2017 to 55.6% in the year ended December 31, 2018, due to Shopify Payments representing a larger percentage of total revenue, increasing the functionality and flexibility of our hosting infrastructure, and higher product costs associated with expanding our product offerings. This was partly offset by the relative growth of higher-margin merchant solutions products, namely referral fees from partners, Shopify Capital, and Shopify Shipping.

Questions:
question: What is the gross profit as at year ended December 31, 2019?
answer: $ 865,643
scale: thousand
question: What is the gross profit as at year ended December 31, 2018?
answer: $ 596,267
scale: thousand
question: What is the gross profit as at year ended December 31, 2017?
answer: $ 380,253
scale: thousand
question: Between year ended 2018 and 2019, which year had higher gross profit?
answer: 2019
derivation: 865,643>596,267
question: Between year ended 2017 and 2018, which year had higher gross profit?
answer: 2018
derivation: 596,267>380,253
question: What is the average gross profit for 2018 and 2019?
answer: 730955
derivation: (865,643+596,267)/2
scale: thousand