next-tat/TAT-QA huggingface dataset:
2019
2018
Weighted average share price at the grant date
HKD373.33
HKD405.00
Risk free rate
1.08%~2.07%
1.77%~2.27%
Dividend yield
0.23%
0.24%~0.25%
Expected volatility (Note)
30.00%
30.00%

text: SHARE-BASED PAYMENTS (continued)
text: (a) Share option schemes (continued) (iii) Fair value of option
text: The directors of the Company have used the Binomial Model to determine the fair value of the options as at the respective grant dates, which is to be expensed over the relevant vesting period. The weighted average fair value of options granted during the year ended 31 December 2019 was HKD123.82 per share (equivalent to approximately RMB106.09 per share) (2018: HKD127.43 per share (equivalent to approximately RMB103.46 per share)).
text: Other than the exercise price mentioned above, significant judgment on parameters, such as risk free rate, dividend yield and expected volatility, are required to be made by the directors in applying the Binomial Model, which are summarised as below.
text: Note: The expected volatility, measured as the standard deviation of expected share price returns, is determined based on the average daily trading price volatility of the shares of the Company.

Questions:
question: How did the directors  determine the fair value of the options as at the respective grant dates?
answer: Binomial Model
question: How much was the weighted average fair value per share of options granted during the year ended 31 December 2019 in RMB?
answer: HKD123.82 per share (equivalent to approximately RMB106.09 per share)
question: How much was the weighted average fair value per share of options granted during the year ended 31 December 2018 in RMB?
answer: HKD127.43 per share (equivalent to approximately RMB103.46 per share)
question: How much did the Weighted average share price at the grant date change by between 2018 and 2019?
answer: -31.67
derivation: 373.33-405.00
question: How much did the Expected volatility change by between 2018 and 2019?
answer: 0
derivation: 30.00%-30.00%
scale: percent
question: How much did the weighted average fair value per share of options granted change by in RMB between 2018 and 2019 year end?
answer: 2.63
derivation:  106.09-103.46
2019
2018
Diluted earnings per share, as reported (GAAP)
$3.50
$0.38
Restructuring costs, net of tax 
0.05
—
U.S. Tax Reform 
0.23
2.46
Accumulated foreign earnings assertion 
(0.35)
One-time employee bonus, net of tax 
—
0.39
Diluted earnings per share, as adjusted (non-GAAP) (1)
$3.43
$3.23

text: Diluted earnings per share. Diluted earnings per share for fiscal 2019 and 2018, as well as information as to the effects of special events that occurred in the indicated periods, as previously discussed and detailed below, were as follows (dollars in millions):
text: (1) We believe the non-GAAP presentation of diluted earnings per share excluding special tax items, consisting of those related to Tax Reform and a change in our permanent reinvestment assertions related to undistributed earnings of two foreign subsidiaries, as well as restructuring costs and the one-time employee bonus, provide additional insight over the change from the comparative reporting periods by eliminating the effects of special or unusual items. In addition, the Company believes that its diluted earnings per share, as adjusted, enhances the ability of investors to analyze the Company’s operating performance and supplements, but does not replace, its diluted earnings per share calculated in accordance with U.S. GAAP.
text: Diluted earnings per share increased to $3.50 in fiscal 2019 from $0.38 in fiscal 2018 primarily as a result of increased net income due to the factors discussed above and a reduction in diluted shares outstanding due to repurchase activity under the Company's stock repurchase plans.

Questions:
question: Which years does the table provide information for diluted earnings per share?
answer: 2019
2018
question: What was the diluted earnings per share in 2019?
answer: 3.50
question: What was the amount of U.S. Tax Reform in 2019?
answer: 0.23
scale: million
question: Which years did Diluted earnings per share, as adjusted (non-GAAP) exceed $3 million?
answer: 2019
2018
derivation: (2019:3.43),(2018:3.23)
question: What was the change in the amount of U.S Tax Reform between 2018 and 2019?
answer: -2.23
derivation: 0.23-2.46
scale: million
question: What was the percentage change in diluted earnings per share between 2018 and 2019?
answer: 821.05
derivation: (3.50-0.38)/0.38
scale: percent
(In thousands)
2019
2018
Balance at beginning of period
$185
$205
Plus: Amounts charged to cost and expense
6,014
7,261
Less: Amounts paid
(4,631)
(7,281)
Balance at end of period
$1,568
$185

text: Note 18 – Restructuring
text: During the second half of 2019, the Company implemented a restructuring plan to realign its expense structure with the reduction in revenue experienced in recent years and overall Company objectives. Management assessed the efficiency of our operations and consolidated locations and personnel, among other things, where possible. As part of this restructuring plan, the Company announced plans to reduce its overall operating expenses, both in the U.S and internationally.
text: In February 2019, the Company announced the restructuring of certain of our workforce predominantly in Germany, which included the closure of our office location in Munich, Germany accompanied by relocation or severance benefits for the affected employees. We also offered voluntary early retirement to certain other employees, which was announced in March 2019.
text: In January 2018, the Company announced an early retirement incentive program for employees that met certain defined requirements. The cumulative amount incurred during the year ended December 31, 2018 related to this restructuring program was $7.3 million. We did not incur any additional expenses related to this restructuring program during the year ended December 31, 2019.
text: A reconciliation of the beginning and ending restructuring liability, which is included in accrued wages and benefits in the Consolidated Balance Sheets as of December 31, 2019 and 2018, is as follows:

Questions:
question: Why did the company implement a restructuring plan in 2019?
answer: to realign its expense structure with the reduction in revenue experienced in recent years and overall Company objectives.
question: What was the balance at the beginning of period in 2019?
answer: $185
scale: thousand
question: What was the balance at the end of period in 2019?
answer: $1,568
scale: thousand
question: What was the change in the balance at the beginning of the period and end of the period in 2019?
answer: 1383
derivation: $1,568-$185
scale: thousand
question: What was the change in Amounts charged to cost and expense between 2018 and 2019?
answer: -1247
derivation: 6,014-7,261
scale: thousand
question: Which year had a larger change in  Balance at beginning of period to  Balance at end of period?
answer: 2019
derivation: 2019:($1,568-$185=$1,383) 2018:($185- $205=-$20). 1,383>|-20|
Year-ended 31 March 2019
Year-ended 31 March 2018
$M
$M
10% movement in sterling to US dollar value
Profit or loss
1.7
5.1
Equity
33.8
37.4
10% movement in euro to US dollar value
Profit or loss
1.5
7.5
Equity
(9.8)
(10.8)

text: Foreign Currency Risk
text: The Group is exposed to translation and transaction foreign exchange risk. Several other currencies in addition to the reporting currency of US dollar are used, including sterling and the euro. The Group experiences currency exchange differences arising upon retranslation of monetary items (primarily short-term inter-Company balances and long-term borrowings), which are recognised as an expense in the period the difference occurs. The Group endeavours to match cash inflows and outflows in the various currencies; the Group typically invoices its customers in their local currency and pays its local expenses in local currency, as a means to mitigate this risk.
text: The Group is also exposed to exchange differences arising from the translation of its subsidiaries’ Financial Statements into the Group’s reporting currency of US dollar, with the corresponding exchange differences taken directly to equity.
text: The following table illustrates the movement that ten per cent in the value of sterling or the euro against the US dollar would have had on the Group’s profit or loss for the period and on the Group’s equity as at the end of the period.
text: Any foreign exchange variance would be recognised as unrealised foreign exchange in the Consolidated Statement of Profit or Loss and have no impact on cash flows.

Questions:
question: Where does the currency exchange differences that the Group experiences arise from?
answer: arising upon retranslation of monetary items (primarily short-term inter-Company balances and long-term borrowings), which are recognised as an expense in the period the difference occurs.
question: How would any foreign exchange variance be recognised?
answer: as unrealised foreign exchange in the Consolidated Statement of Profit or Loss and have no impact on cash flows.
question: For which currencies does the table record the effect of a 10% movement against the US dollar?
answer: Sterling
Euro
question: In which year was the impact on Equity from a 10% movement in sterling to US dollar value larger?
answer: 2018
derivation: 37.4>33.8
question: What was the change in the impact on Equity from a 10% movement in sterling to US dollar value in 2019 from 2018?
answer: -3.6
derivation: 33.8-37.4
scale: million
question: What was the percentage change in the impact on Equity from a 10% movement in sterling to US dollar value in 2019 from 2018?
answer: -9.63
derivation: (33.8-37.4)/37.4
scale: percent
Year ended December 31,
2019
2018
2017
Revenues
$1,177.2
$1,114.0
$1,051.6
Expenses:
Operating expenses
646.0
625.4
569.5
Depreciation and amortization
236.2
217.0
206.5
Transition and integration costs
5.4
6.6
13.1
Total expenses
887.6
849.0
789.1
Operating income
289.6
265.0
262.5
Operating margin
24.6%
23.8%
25.0%
Interest expense, net
(63.5)
(51.7)
(57.5)
Other expense, net
(1.4)
(7.1)
(12.6)
Earnings before income taxes and equity in losses of unconsolidated affiliates
224.7
206.2
192.4
Income tax expense (benefit)
41.9
37.7
(61.8)
Earnings before equity in losses of unconsolidated affiliates
182.8
168.5
254.2
Equity in losses of unconsolidated affiliates, net of tax
(74.0)
—
—
Net earnings
$108.8
$168.5
$254.2
Earnings per share:
Net earnings per share attributable to Black Knight common shareholders:
Diluted
$0.73
$1.14
$1.47
Weighted average shares of common stock outstanding:
Diluted
148.6
148.2
152.4

text: Results of Operations
text: Consolidated Results of Operations
text: The following tables present certain financial data for the periods indicated (dollars in millions):

Questions:
question: What was the revenue in 2019?
answer: 1,177.2
scale: million
question: What were the total expenses in 2018?
answer: 849.0
scale: million
question: What was the net interest expense in 2017?
answer: (57.5)
scale: million
question: What was the change in operating income between 2017 and 2018?
answer: 2.5
derivation: 265.0-262.5
scale: million
question: How many years did the operating margin exceed 20.0%?
answer: 3
derivation: 2019##2018##2017
question: What was the change in net earnings between 2018 and 2019?
answer: -35.43
derivation: (108.8-168.5)/168.5
scale: percent
2019
2018
Revenues
100.0%
100.0%
Cost of revenues
10.6
11.0
Gross profit
89.4
89.0
Operating expenses:
Sales and marketing
54.2
52.6
Product development
6.2
8.1
General and administrative
20.5
20.9
Total operating expenses
80.9
81.6
Income from operations
8.5
7.4
Other income (loss), net
(0.5)
—
Income before income taxes
8.0
7.4
Income tax expense
4.3
3.2
Net income
3.7%
4.2%

text: Results of Operations
text: The following table sets forth, as a percentage of total revenues, the results from our operations for the periods indicated.

Questions:
question: What is the gross profit for 2019 and 2018 respectively as a percentage of total revenues?
answer: 89.4
89.0
scale: percent
question: What is the income from operations for 2019 and 2018 respectively as a percentage of total revenues?
answer: 8.5
7.4
scale: percent
question: What is the cost of revenues for 2019 and 2018 respectively as a percentage of total revenues?
answer: 10.6
11.0
scale: percent
question: What is the average cost of revenue for 2018 and 2019 as a percentage of total revenues?
answer: 10.8
derivation: (10.6+11.0)/2
scale: percent
question: What is the change in sales and marketing expenses between 2018 and 2019 as a percentage of total revenues?
answer: 1.6
derivation: 54.2-52.6
scale: percent
question: What is the average net income for 2018 and 2019 as a percentage of total revenues?
answer: 3.95
derivation: (3.7+4.2)/2
scale: percent
2019
2018
Developed technologies, at cost
$670.2
$578.5
Customer relationships, trade names, patents, and user lists, at cost (1)
533.1
372.5
Other intangible assets, at cost (2)
1,203.3
951.0
Less: accumulated amortization
(922.5)
(895.8)
Other intangible assets, net
$280.8
$55.2

text: Other Intangible Assets, Net
text: Other intangible assets include developed technologies, customer relationships, trade names, patents, user lists and the related accumulated amortization. These assets are shown as “Developed technologies, net” and as part of “Other assets” in the Consolidated Balance Sheet. The majority of Autodesk’s other intangible assets are amortized to expense over the estimated economic life of the product, which ranges from two to ten years. Amortization expense for developed technologies, customer relationships, trade names, patents, and user lists was $33.5 million in fiscal 2019, $36.6 million in fiscal 2018 and $72.2 million in fiscal 2017.
text: Other intangible assets and related accumulated amortization at January 31 were as follows:
text: (1) Included in “Other assets” in the accompanying Consolidated Balance Sheets. (2) Includes the effects of foreign currency translation.

Questions:
question: What is the estimated economic life of the product?
answer: ranges from two to ten years
question: What was the 2017 expense for developed technologies, customer relationships, trade names, patents, and user lists?
answer: $72.2 million
question: What do the other tangible assets consist of?
answer: Developed technologies, at cost
question: What was the difference in customer relationships, trade names, patents, and user lists, at cost from 2018 to 2019?
answer: 160.6
derivation: 533.1-372.5 
scale: million
question: What is the increase in net other tangible assets from 2018 to 2019?
answer: 225.6
derivation: 280.8-55.2
scale: million
question: How much did developed technologies, at cost gain in 2019 over 2018?
answer: 15.85
derivation: (670.2 -578.5)/578.5 
scale: percent
2019
2018
Net sales:    
AMER 
$1,429.3
$1,218.9
APAC 
1,557.2
1,498.0
EMEA 
309.9
281.5
Elimination of inter-segment sales
(132.0)
(124.9)
Total net sales
3,164.4
2,873.5

text: A discussion of net sales by reportable segment is presented below for the indicated fiscal years (in millions):
text: AMER. Net sales for fiscal 2019 in the AMER segment increased $210.4 million, or 17.3%, as compared to fiscal 2018. The increase in net sales was driven by a $181.7 million increase in production ramps of new products for existing customers, a $13.5 million increase in production ramps for new customers and overall net increased customer end-market demand. The increase was partially offset by a $16.4 million decrease for end-of-life products and a $6.0 million reduction due to disengagements with customers.
text: APAC. Net sales for fiscal 2019 in the APAC segment increased $59.2 million, or 4.0%, as compared to fiscal 2018. The increase in net sales was driven by an $87.3 million increase in production ramps of new products for existing customers and a $58.1 million increase in production ramps for new customers. The increase was partially offset by a $28.4 million reduction due to a disengagement with a customer, a $7.3 million decrease for end-of-life products and overall net decreased customer end-market demand.
text: EMEA. Net sales for fiscal 2019 in the EMEA segment increased $28.4 million, or 10.1%, as compared to fiscal 2018. The increase in net sales was the result of a $20.2 million increase in production ramps of new products for existing customers, a $4.2 million increase in production ramps for new customers and overall net increased customer end-market demand. The increase was partially offset by a $6.2 million reduction due to a disengagement with a customer.

Questions:
question: Which years does the table provide information for net sales by reportable segment?
answer: 2019
2018
question: What was the net sales from AMER in 2018?
answer: 1,218.9
scale: million
question: What was the net sales from EMEA in 2019?
answer: 309.9
scale: million
question: How many years did net sales from APAC exceed $1,500 million?
answer: 1
derivation: 2019
question: What was the difference in net sales in 2018 between AMER and EMEA regions?
answer: 937.4
derivation: 1,218.9-281.5
scale: million
question: What was the percentage change in the Elimination of inter-segment sales between 2018 and 2019?
answer: 5.68
derivation: (-132.0-(-124.9))/-124.9
scale: percent
December 31,
2018
2019
Current
154,607
171,866
Overdue <30 days
8,802
19,977
Overdue 31-60 days
2,258
2,076
Overdue 61-120 days
3,507
1,599
Overdue >120 days
4,276
4,017
Total
173,450
199,535

text: NOTE 9. ACCOUNTS RECEIVABLE
text: A significant percentage of our accounts receivable is derived from sales to a limited number of large multinational semiconductor device manufacturers located throughout the world. In order to monitor potential expected credit losses, we perform ongoing credit evaluations of our customers’ financial condition.
text: The carrying amount of accounts receivable is as follows:

Questions:
question: How does the company monitor potential expected credit losses?
answer: perform ongoing credit evaluations of our customers’ financial condition
question: What are the time frames of carrying amount of accounts receivable?
answer: Current
Overdue <30 days
Overdue 31-60 days
Overdue 61-120 days
Overdue >120 days
question: What is the Current 2019 carrying amount of accounts receivable?
answer: 171,866
question: What is the time period with the greatest carrying amount of accounts receivable for 2019?
answer: Current
derivation: For COL4 rows 3 to 7 find the largest number and the corresponding time period in COL2
question: What is the percentage change in total carrying amount of accounts receivable from 2018 to 2019?
answer: 15.04
derivation: ( 199,535 - 173,450 )/ 173,450 
scale: percent
question: What is the change in current carrying amount of accounts receivable for 2018 to 2019?
answer: 17259
derivation:  171,866 - 154,607
Year Ended
April 26, 2019
April 27, 2018
April 28, 2017
Net revenues
$ 6,146
$ 5,919
$ 5,491
Gross profit
$ 3,945
$ 3,709
$ 3,364
Gross profit margin percentage
64 %
63%
61 %
Income from operations
$ 1,221
$ 1,158
$ 621
Income from operations as a percentage of net revenues
20%
20%
11 %
Provision for income taxes
$ 99
$ 1,083
$ 140
Net income
$ 1,169
$ 116
$ 481
Diluted net income per share
$ 4.51
$ 0.42
$ 1.71
Operating cash flows
$ 1,341
$ 1,478
$ 986

text: Financial Results and Key Performance Metrics Overview
text: The following table provides an overview of some of our key financial metrics for each of the last three fiscal years (in millions, except per share amounts, percentages and cash conversion cycle):
text: • Net revenues: Our net revenues increased 4% in fiscal 2019 compared to fiscal 2018. This was primarily due to an increase of 7% in product revenues, partially offset by a 3% decrease in software and hardware maintenance and other services revenues.
text: • Gross profit margin percentage: Our gross profit margin as a percentage of net revenues increased by one percentage point in fiscal 2019 compared to fiscal 2018, reflecting an increase in gross profit margin on product revenues, and, to a lesser extent, an increase in gross profit margin on hardware maintenance and other services revenues.
text: • Income from operations as a percentage of net revenues: Our income from operations as a percentage of net revenues remained relatively flat in fiscal 2019 compared to fiscal 2018.
text: • Provision for income taxes: Our provision for income taxes decreased significantly in fiscal 2019 compared to fiscal 2018 as significant charges were recorded in fiscal 2018 in connection with U.S. tax reform.
text: • Net income and Diluted income per share: The increase in both net income and diluted net income per share in fiscal 2019 compared to fiscal 2018 reflect the factors discussed above. Diluted net income per share was favorably impacted by a 6% decrease in the annual weighted average number of dilutive shares, primarily due to share repurchases.
text: • Operating cash flows: Operating cash flows decreased by 9% in fiscal 2019 compared to fiscal 2018, reflecting changes in operating assets and liabilities, partially offset by higher net income.

Questions:
question: Which years does the table provide information for some of the company's key financial metrics?
answer: 2019
2018
2017
question: What was the gross profit for 2018?
answer: 3,709
scale: million
question: What was the income from operations in 2017?
answer: 621
scale: million
question: How many years did Gross profit margin percentage exceed 60%?
answer: 3
derivation: 2019##2018##2017
question: What was the percentage change in the net income between 2018 and 2019?
answer: 907.76
derivation: (1,169-116)/116
scale: percent
question: What was the change in operating cash flows between 2018 and 2019?
answer: -137
derivation: 1,341-1,478
scale: million
December 31,
(in thousands)
2019
2018
Government segment:
Billed
$11,608
$9,100
Advanced billings
(608)
(563)
11,000
8,537
Restaurant/Retail segment:
Accounts receivable - net
30,774
17,682
$41,774
$26,219

text: Note 6 — Accounts Receivable, net
text: The Company’s net accounts receivable consists of:
text: At December 31, 2019 and 2018, the Company had recorded allowances for doubtful accounts of $1.8 million and $1.3 million, respectively, against Restaurant/Retail segment accounts receivable. Write-offs of accounts receivable during fiscal years 2019 and 2018 were $0.3 million and $0.4 million, respectively. The bad debt expense which is recorded in the consolidated statements of operations was $0.8 million and $0.8 million in 2019 and 2018, respectively.
text: Receivables recorded as of December 31, 2019 and 2018 all represent unconditional rights to payments from customers.

Questions:
question: How much allowances for doubtful accounts was recorded against Restaurant/Retail segment accounts receivable at December 31, 2019 and 2018 respectively?
answer: $1.8 million
$1.3 million
question: How much was the Write-offs of accounts receivable during fiscal years 2019 and 2018 respectively?
answer: $0.3 million
$0.4 million
question: How much bad debt expense was recorded in 2019 and 2018 respectively?
answer: $0.8 million
$0.8 million
question: What is the change in Government segment: Billed between December 31, 2018 and 2019?
answer: 2508
derivation: 11,608-9,100
scale: thousand
question: What is the change in Government segment: Advanced billings between December 31, 2018 and 2019?
answer: 45
derivation: 608-563
scale: thousand
question: What is the average Government segment: Billed for December 31, 2018 and 2019?
answer: 10354
derivation: (11,608+9,100) / 2
scale: thousand