Source document: methode-electronics-inc_2019

Question: How much was pre-tax legal expense relating to the Hetronic litigation during fiscal 2016?
Facts: $9.9 million
Answer: $9.9 million

Question: What is the change in Net Sales from Fiscal Year Ended April 28, 2018 to Fiscal Year Ended April 27, 2019?
Facts: 1,000.3; 908.3
Derivation: 1,000.3-908.3
Answer: 92 million

Question: What is the change in Income before Income Taxes from Fiscal Year Ended April 28, 2018 to Fiscal Year Ended April 27, 2019?
Facts: 103.6; 123.8
Derivation: 103.6-123.8
Answer: -20.2 million

Question: In which period was net sales greater than 1,000 million?
Facts: 2019
Derivation: locate and analyze net sales in row 4
Answer: 2019 million

Question: What was the income tax expense in 2019, 2018 and 2017 respectively?
Facts: 12.0; 23.0; 66.6
Answer: 12.0; 66.6; 23.0 million

Question: What was the pre-tax legal expense relating to Hetronic litigation in 2019?
Facts: $3.5 million
Answer: $3.5 million

Question: How is the depreciation calculated?
Facts: using the straight-line method
Answer: using the straight-line method

Question: What was the depreciation expense in 2019, 2018 and 2017 respectively?
Facts: $22.0 million; $22.5 million; 27.2 million
Answer: 27.2 million; $22.5 million; $22.0 million

Question: What was the capital expenditures recorded in accounts payable in 2019 and 2018 respectively?
Facts: $6.4 million; $9.0 million
Answer: $6.4 million; $9.0 million

Question: What was the change in the land value from 2018 to 2019?
Facts: 0.8; 3.7
Derivation: 3.7 - 0.8
Answer: 2.9 million

Question: What is the average Buildings and Building Improvements value for 2018 and 2019?
Facts: 69.2; 81.2
Derivation: (81.2 + 69.2) / 2
Answer: 75.2 million

Question: In which year was Property, Plant and Equipment, Net less than 170 million?
Facts: 2018
Derivation: locate and analyze Property, Plant and Equipment, Net in ro2 8
Answer: 2018

Question: Why is unaudited pro forma information presented?
Facts: information purposes only and is not indicative of the results of operations that would have been achieved if the acquisitions had taken place at such times.
Answer: information purposes only and is not indicative of the results of operations that would have been achieved if the acquisitions had taken place at such times.

Question: What was the revenues in 2019 and 2018 respectively?
Facts: $1,073.3; $1,095.0
Answer: $1,073.3; $1,095.0 million

Question: What was the net income in 2019 and 2018 respectively?
Facts: 106.4; 70.5
Answer: 106.4; 70.5 million

Question: What was the change in the revenues from 2018 to 2019?
Facts: 1,073.3; 1,095.0
Derivation: 1,073.3 - 1,095.0
Answer: -21.7 million

Question: What is the average net income for 2018 and 2019?
Facts: 106.4; 70.5
Derivation: (106.4 + 70.5) / 2
Answer: 88.45 million

Question: In which year was net income less than 100.0 million?
Facts: 2018
Derivation: locate and analyze net income in row 5
Answer: 2018

Question: How much did Net cash provided by operating activities decreased from fiscal 2019 to 2018?
Facts: $15.8 million
Answer: $15.8 million

Question: What led to decrease in Net cash provided by operating activities?
Facts: due to lower cash generated from changes in operating assets and liabilities, partially offset by higher net income adjusted for non-cash items.
Answer: due to lower cash generated from changes in operating assets and liabilities, partially offset by higher net income adjusted for non-cash items.

Question: How much did Net cash provided by operating activities decreased from fiscal 2018 to 2017?
Facts: $27.4 million
Answer: $27.4 million

Question: What is the change in Net Cash Provided by Operating Activities from Fiscal Year Ended April 28, 2018 to Fiscal Year Ended April 27, 2019?
Facts: 102.0; 117.8
Derivation: 102.0-117.8
Answer: -15.8 million

Question: What is the change in Net Cash Used in Investing Activities from Fiscal Year Ended April 28, 2018 to Fiscal Year Ended April 27, 2019?
Facts: 179.0; 470.8
Derivation: -470.8-(-179.0)
Answer: -291.8 million

Question: What is the change in Effect of Exchange Rate Changes on Cash and Cash Equivalents from Fiscal Year Ended April 28, 2018 to Fiscal Year Ended April 27, 2019?
Facts: 11.5; 26.0
Derivation: -11.5-26.0
Answer: -37.5 million

Question: How much was the Interface segment income from operations in fiscal 2019?
Facts: Interface segment income from operations decreased $6.3 million, or 105.0%, to a loss of $0.3 million in fiscal 2019
Answer: Interface segment income from operations decreased $6.3 million, or 105.0%, to a loss of $0.3 million in fiscal 2019

Question: What is the average Gross Profit for Fiscal Year Ended April 28, 2018 to Fiscal Year Ended April 27, 2019?
Facts: 14.3; 7.8
Derivation: (7.8+14.3) / 2
Answer: 11.05 million

Question: What is the average Income (Loss) from Operations for Fiscal Year Ended April 28, 2018 to Fiscal Year Ended April 27, 2019?
Facts: 0.3; 6.0
Derivation: (0.3+6.0) / 2
Answer: 3.15 million

Question: In which period was net sales greater than 70 million?
Facts: 2018
Derivation: locate and analyze net sales in row 2
Answer: 2018

Question: What was the Gross Profit in 2019 and 2018?
Facts: $ 14.3; $ 7.8
Answer: $ 7.8; $ 14.3 million

Question: What was the decrease in net sales from interface segment in 2019?
Facts: $15.5 million
Answer: $15.5 million

Question: What is the retained earnings as reported in 2019?
Facts: $545.2
Answer: $545.2 million

Question: What was the increase in opening retained earnings post adoption?
Facts: $0.1 million
Answer: $0.1 million

Question: What was the net sales as reported and under ASC 605 respectively?
Facts: 1,000.3; 1,024.5
Answer: 1,000.3; 1,024.5 million

Question: What percentage of net sales was retained earnings as reported?
Facts: 1,000.3; 545.2
Derivation: 545.2 / 1,000.3
Answer: 54.5 percent

Question: What was the percentage of adjustment in cost of products sold as reported?
Facts: 24.2; 734.5
Derivation: 24.2 / 734.5
Answer: 3.29 percent

Question: What percentage of retained earnings was total inventories as reported?
Facts: 116.7; 545.2
Derivation: 116.7 / 545.2
Answer: 21.4 percent

Question: What led to improvement in medical segment gross profit during fiscal 2019?
Facts: an increase in sales volumes during fiscal 2019.
Answer: an increase in sales volumes during fiscal 2019.

Question: What is the average Gross Profit for Fiscal Year Ended April 28, 2018 to Fiscal Year Ended April 27, 2019?
Facts: 2.8; 3.5
Derivation: -(2.8+3.5) / 2
Answer: -3.15 million

Question: What is the average Loss from Operations for Fiscal Year Ended April 28, 2018 to Fiscal Year Ended April 27, 2019?
Facts: 11.4; 8.6
Derivation: -(8.6+11.4) / 2
Answer: -10 million

Question: In which period was net sales less than 1.0 million?
Facts: 2018
Derivation: locate and analyze net sales in row 2
Answer: 2018

Question: What was the Gross Profit in 2019 and 2018 respectively?
Facts: $(2.8); $(3.5)
Answer: $(2.8); $(3.5) million

Question: What was the net sales from medical segment in 2019?
Facts: $1.1 million
Answer: $1.1 million

Question: What was the amount of gross unrecognized tax benefits in 2019 and 2018 respectively?
Facts: $1.4 million; $3.1 million
Answer: $3.1 million; $1.4 million

Question: What was the accrued interest in 2019?
Facts: $0.1 million
Answer: $0.1 million

Question: What was the Balance at Beginning of Fiscal Year in 2019?
Facts: 1.4
Answer: 1.4 million

Question: What was the change in the Balance at Beginning of Fiscal Year from 2018 to 2019?
Facts: 1.3; 1.4
Derivation: 1.4 - 1.3
Answer: 0.1 million

Question: What was the average Increases for Positions Related to the Prior Year for 2018 and 2019?
Facts: 0; 1.8
Derivation: (1.8 + 0) / 2
Answer: 0.9 million

Question: In which year was Balance at End of Fiscal Year less than 2.0 million?
Facts: 2018
Derivation: locate and analyze Balance at End of Fiscal Year in row 8
Answer: 2018

Question: How is basic income per share calculated?
Facts: by dividing net earnings by the weighted average number of common shares outstanding for the applicable period.
Answer: by dividing net earnings by the weighted average number of common shares outstanding for the applicable period.

Question: What amount of RSUs were excluded from the computation of diluted net income per share?
Facts: 83,939
Answer: 83,939

Question: What were the RSAs in 2019, 2018 and 2017 respectively?
Facts: 363,413; 594,382; 779,000
Answer: 594,382; 363,413; 779,000

Question: What was the change in the Net income from 2018 to 2019?
Facts: 57.2; 91.6
Derivation: 91.6 - 57.2
Answer: 34.4 million

Question: What is the average Outstanding and Vested/Unissued Restricted Stock Units for 2017-2019?
Facts: 37,281,630; 37,283,096; 37,405,298
Derivation: (37,405,298 + 37,281,630 + 37,283,096) / 3
Answer: 37323341.33

Question: In which year was Basic Income Per Share less than 2.0?
Facts: 2018
Derivation: locate and analyze Basic Income Per Share in row 12
Answer: 2018

Question: Why does the company enter into agreements with suppliers?
Facts: to assist us in meeting our customers' production needs.
Answer: to assist us in meeting our customers' production needs.

Question: What was the capital leases due in 1 year and 1-3 years respectively?
Facts: $0.6; $0.9
Answer: $0.6; $0.9 million

Question: What was the total operating leases?
Facts: 34.2
Answer: 34.2 million

Question: What was the difference in the capital leases due from less than 1 year to those due in 1-3 years?
Facts: 0.6; 0.9
Derivation: 0.9 - 0.6
Answer: 0.3 million

Question: In which period was operating leases due less than 10 million?
Facts: 3-5 years; Less than 1 year; More than 5 years
Derivation: locate and analyze operating leases in row 5
Answer: Less than 1 year; 3-5 years; More than 5 years

Question: What percentage of the total was made of debt?
Facts: 295.5; 386.7
Derivation: 295.5 / 386.7
Answer: 76.42 percent

Question: What were the net sales in Malta in 2019?
Facts: 148.5
Answer: 148.5 million

Question: What were the net sales in U.S. in 2018?
Facts: $487.5
Answer: $487.5 million

Question: What were the net sales in U.S. in 2019?
Facts: $540.5
Answer: $540.5 million

Question: What was the change in the net sales from U.S. from 2018 to 2019?
Facts: 487.5; 540.5
Derivation: 540.5 - 487.5
Answer: 53 million

Question: What was the average net sales from Malta for 2017-2019?
Facts: 148.5; 155.5; 184.0
Derivation: (148.5 + 184.0 + 155.5) / 3
Answer: 162.67 million

Question: In which year was Total Net Sales less than 1,000.0 million?
Facts: 2017; 2018
Derivation: locate and analyze total net sales in row 10
Answer: 2018; 2017

Question: What was the weighted-average interest rate in 2019?
Facts: 1.5%
Answer: 1.5%

Question: What was the debt issuance cost in 2018?
Facts: $3.1 million
Answer: $3.1 million

Question: What was the Revolving Credit Facility in 2019 and 2018 respectively?
Facts: 30.0; 35.0
Answer: 35.0; 30.0 million

Question: What was the change in the Revolving Credit Facility from 2018 to 2019?
Facts: 30.0; 35.0
Derivation: 35.0 - 30.0
Answer: 5 million

Question: What was the average Term loan for 2018 and 2019?
Facts: 0; 243.7
Derivation: (243.7 + 0) / 2
Answer: 121.85 million

Question: In which year was Other Debt less than 20.0 million?
Facts: 2019
Derivation: locate and analyze other debt in row 8
Answer: 2019

Question: How much was the Interface segment net sales in fiscal 2018 and 2017?
Facts: Interface segment net sales decreased $18.3 million, or 20.0%, to $73.2 million in fiscal 2018, compared to $91.5 million in fiscal 2017.
Answer: Interface segment net sales decreased $18.3 million, or 20.0%, to $73.2 million in fiscal 2018, compared to $91.5 million in fiscal 2017.

Question: Why did the Net sales decreased in North America?
Facts: Net sales decreased in North America by $15.1 million to $70.9 million in fiscal 2018, primarily due to the exit of our Connectivity business in fiscal 2017.
Answer: Net sales decreased in North America by $15.1 million to $70.9 million in fiscal 2018, primarily due to the exit of our Connectivity business in fiscal 2017.

Question: Why did the Net sales decreased in Europe?
Facts: Net sales in Europe decreased $1.7 million to $0.3 million in fiscal 2018 due to lower sales volumes and price reductions on certain of our data solutions products.
Answer: Net sales in Europe decreased $1.7 million to $0.3 million in fiscal 2018 due to lower sales volumes and price reductions on certain of our data solutions products.

Question: What is the average Net Sales for April 29, 2017 to April 28, 2018?
Facts: 73.2; 91.5
Derivation: (73.2+91.5) / 2
Answer: 82.35 million

Question: What is the average Gross Profit for April 29, 2017 to April 28, 2018?
Facts: 14.3; 17.8
Derivation: (14.3+17.8) / 2
Answer: 16.05 million

Question: What is the average Income from Operations for April 29, 2017 to April 28, 2018?
Facts: 4.0; 6.0
Derivation: (6.0+4.0) / 2
Answer: 5 million

Question: Which method is used to calculate cost?
Facts: first-in, first-out method
Answer: first-in, first-out method

Question: Which costs are included in Finished products and work-in-progress?
Facts: direct material costs and direct and indirect manufacturing costs
Answer: direct material costs and direct and indirect manufacturing costs

Question: What was the value of finished products in 2019 and 2018 respectively?
Facts: $15.4; $40.2
Answer: $40.2; $15.4 million

Question: What was the change in the value of finished products from 2018 to 2019?
Facts: 15.4; 40.2
Derivation: 40.2 - 15.4
Answer: 24.8 million

Question: What is the average work in progress value for 2018 and 2019?
Facts: 14.6; 9.4
Derivation: (9.4 + 14.6) / 2
Answer: 12 million

Question: In which year was materials value less than 60 million?
Facts: 2018
Derivation: locate and analyze materials in row 5
Answer: 2018