Source document: coherent-inc_2019

Question: What was the Total other assets in 2019?
Facts: $140,964
Answer: $140,964 thousand

Question: What was the Deferred tax assets in 2018?
Facts: 64,858
Answer: 64,858 thousand

Question: In which years was Other assets provided?
Facts: 2018; 2019
Answer: 2019; 2018

Question: In which year was Other assets larger?
Facts: 2019
Derivation: 18,111>9,521
Answer: 2019

Question: What was the change in Other assets in 2019 from 2018?
Facts: 18,111; 9,521
Derivation: 18,111-9,521
Answer: 8590 thousand

Question: What was the percentage change in Other assets in 2019 from 2018?
Facts: 18,111; 9,521
Derivation: (18,111-9,521)/9,521
Answer: 90.22 percent

Question: What was the service cost in 2019?
Facts: $1,955
Answer: $1,955 thousand

Question: What was the  Interest cost  in 2018?
Facts: 1,230
Answer: 1,230 thousand

Question: In which years was the amount of Interest cost calculated?
Facts: 2017; 2018; 2019
Answer: 2019; 2018; 2017

Question: In which year was the amount of Interest cost largest?
Facts: 2019
Derivation: 1,308>1,230>1,086
Answer: 2019

Question: What was the change in Recognized net actuarial (gain) loss in 2019 from 2018?
Facts: 240; 470
Derivation: 470-240
Answer: 230 thousand

Question: What was the percentage change in Recognized net actuarial (gain) loss in 2019 from 2018?
Facts: 240; 470
Derivation: (470-240)/240
Answer: 95.83 percent

Question: What does the amount for fiscal 2019 include?
Facts: Includes $16.0 million of after-tax restructuring charges, $0.4 million of after-tax amortization of purchase accounting step-up, $1.1 million of benefit from amounts received on a resolved asset recovery matter, $1.7 million non-recurring income tax net expense and $2.5 million of excess tax benefits for employee stock-based compensation.
Answer: Includes $16.0 million of after-tax restructuring charges, $0.4 million of after-tax amortization of purchase accounting step-up, $1.1 million of benefit from amounts received on a resolved asset recovery matter, $1.7 million non-recurring income tax net expense and $2.5 million of excess tax benefits for employee stock-based compensation.

Question: What is the  Net sales for 2019?
Facts: $1,430,640
Answer: $1,430,640 thousand

Question: In which years was the selected financial data provided?
Facts: 2015; 2016; 2017; 2018; 2019
Answer: 2019; 2018; 2017; 2016; 2015

Question: In which year was the Diluted Net income per share from continuing operations largest?
Facts: 2018
Derivation: 9.95>8.42>3.58>3.06>2.22
Answer: 2018

Question: What was the change in Diluted Net income per share from continuing operations in 2018 from 2017?
Facts: 8.42; 9.95
Derivation: 9.95-8.42
Answer: 1.53

Question: What was the percentage change in Diluted Net income per share from continuing operations in 2018 from 2017?
Facts: 8.42; 9.95
Derivation: (9.95-8.42)/8.42
Answer: 18.17 percent

Question: What does the Euro Term Loan due 2024 consist of?
Facts: Net of debt issuance costs of $6.4 million and $11.2 million at September 28, 2019 and September 29, 2018, respectively.
Answer: Net of debt issuance costs of $6.4 million and $11.2 million at September 28, 2019 and September 29, 2018, respectively.

Question: What was the Total long-term obligations in 2019?
Facts: $392,238
Answer: $392,238 thousand

Question: In which years was Total long-term obligations calculated?
Facts: 2018; 2019
Answer: 2019; 2018

Question: In which year was the 1.0% State of Connecticut term loan due 2023 larger?
Facts: 2018
Derivation: 1,406>1,028
Answer: 2018

Question: What was the change in Capital lease obligations from 2018 to 2019?
Facts: 402; 536
Derivation: 536-402
Answer: 134 thousand

Question: What was the percentage change in Capital lease obligations from 2018 to 2019?
Facts: 402; 536
Derivation: (536-402)/402
Answer: 33.33 percent

Question: What led to the decrease in the OLS segment in 2019?
Facts: primarily due to weaker demand resulting in lower shipments of ELA tools used in the flat panel display market and lower revenues from consumable service parts.
Answer: primarily due to weaker demand resulting in lower shipments of ELA tools used in the flat panel display market and lower revenues from consumable service parts.

Question: What led to the decrease in the ILS segment in 2019?
Facts: primarily due to lower sales for materials processing and microelectronics applications, partially offset by higher sales for medical and military applications within the OEM components and instrumentation market.
Answer: primarily due to lower sales for materials processing and microelectronics applications, partially offset by higher sales for medical and military applications within the OEM components and instrumentation market.

Question: In which years was the operating segment data provided?
Facts: 2018; 2019
Answer: 2019; 2018

Question: In which year was ILS a higher percentage of total net sales?
Facts: 2019
Derivation: 38.0%>33.8%
Answer: 2019

Question: What was the average amount of net sales for OLS in 2018 and 2019?
Facts: 1,259,477; 886,676
Derivation: (886,676+1,259,477)/2
Answer: 1073076.5 thousand

Question: What was the average amount of net sales for ILS in 2018 and 2019?
Facts: 543,964; 643,096
Derivation: (543,964+643,096)/2
Answer: 593530 thousand

Question: What is the useful life of Buildings and improvements?
Facts: 5 - 40 years
Answer: 5 - 40 years

Question: How is property and equipment stated in the table?
Facts: stated at cost and are depreciated or amortized using the straight-line method
Answer: stated at cost and are depreciated or amortized using the straight-line method

Question: In which years is information on Property and Equipment included in the table?
Facts: 2018; 2019
Answer: 2019; 2018

Question: In which year was the amount of Land larger?
Facts: 2019
Derivation: 19,490>17,655
Answer: 2019

Question: What was the change in Leasehold improvements from 2018 to 2019?
Facts: 89,399; 94,878
Derivation: 94,878-89,399
Answer: 5479 thousand

Question: What was the percentage change in Leasehold improvements from 2018 to 2019?
Facts: 89,399; 94,878
Derivation: (94,878-89,399)/89,399
Answer: 6.13 percent

Question: Where were the unsecured international credit facilities used in?
Facts: Europe and Japan during fiscal 2018
Answer: Europe and Japan during fiscal 2018

Question: What led to the increase in the ratio of current assets to current liabilities?
Facts: primarily due to lower income taxes payable, partially offset by decreases in our ratio due to lower accounts receivable and inventories.
Answer: primarily due to lower income taxes payable, partially offset by decreases in our ratio due to lower accounts receivable and inventories.

Question: In which years was information on cash and cash equivalents, short-term investments and working capital provided?
Facts: 2018; 2019
Answer: 2019; 2018

Question: In which year was Cash and cash equivalents larger?
Facts: 2018
Derivation: 310,495>305,833
Answer: 2018

Question: What was the change in Short-term investments in 2019 from 2018?
Facts: 120
Derivation: 120-120
Answer: 0 thousand

Question: What was the percentage change in Short-term investments in 2019 from 2018?
Facts: 120
Derivation: (120-120)/120
Answer: 0 percent

Question: What was Net income in 2019?
Facts: $53,825
Answer: $53,825 thousand

Question: What was  Comprehensive income  in 2018?
Facts: $230,285
Answer: $230,285 thousand

Question: In which years was Comprehensive income calculated?
Facts: 2017; 2018; 2019
Answer: 2019; 2018; 2017

Question: In which year was Comprehensive income largest?
Facts: 2017
Derivation: 232,328>230,285>14,656
Answer: 2017

Question: What was the change in Net income in 2018 from 2017?
Facts: 207,122; 247,358
Derivation: 247,358-207,122
Answer: 40236 thousand

Question: What was the percentage change in Net income in 2018 from 2017?
Facts: 207,122; 247,358
Derivation: (247,358-207,122)/207,122
Answer: 19.43 percent

Question: What was the Projected benefit obligation in 2019?
Facts: $60,437
Answer: $60,437 thousand

Question: What was the  Accumulated benefit obligation  in 2018?
Facts: 47,713
Answer: 47,713 thousand

Question: In which years was information on defined benefit plans provided?
Facts: 2018; 2019
Answer: 2019; 2018

Question: In which year was the Fair value of plan assets larger?
Facts: 2019
Derivation: 12,997>12,486
Answer: 2019

Question: What was the change in Fair value of plan assets from 2018 to 2019?
Facts: 12,486; 12,997
Derivation: 12,997-12,486
Answer: 511 thousand

Question: What was the percentage change in Fair value of plan assets from 2018 to 2019?
Facts: 12,486; 12,997
Derivation: (12,997-12,486)/12,486
Answer: 4.09 percent

Question: What was the amount of Research and development in 2019?
Facts: 2,990
Answer: 2,990 thousand

Question: What was the amount of income tax benefit in 2018?
Facts: (5,073)
Answer: (5,073) thousand

Question: In which years was cost of sales calculated?
Facts: 2017; 2018; 2019
Answer: 2019; 2018; 2017

Question: In which year was the amount of Research and development largest?
Facts: 2018
Derivation: 3,247>2,990>2,973
Answer: 2018

Question: What was the change in  Research and development in 2019 from 2018?
Facts: 2,990; 3,247
Derivation: 2,990-3,247
Answer: -257 thousand

Question: What was the percentage change in Research and development in 2019 from 2018?
Facts: 2,990; 3,247
Derivation: (2,990-3,247)/3,247
Answer: -7.91 percent

Question: What was the Provision for income taxes in 2019?
Facts: $6,223
Answer: $6,223 thousand

Question: What was the currently payable federal income tax in 2019?
Facts: $1,995
Answer: $1,995 thousand

Question: In which years was provision for income taxes calculated?
Facts: 2017; 2018; 2019
Answer: 2019; 2018; 2017

Question: In which year was Provision for income taxes largest?
Facts: 2018
Derivation: 114,195>93,411>6,223
Answer: 2018

Question: What was the change in state income taxes that is currently payable in 2019 from 2018?
Facts: 114; 557
Derivation: 557-114
Answer: 443 thousand

Question: What was the percentage change in state income taxes that is currently payable in 2019 from 2018?
Facts: 114; 557
Derivation: (557-114)/114
Answer: 388.6 percent

Question: What is the change in net sales in 2019?
Facts: decreased by $471.9 million
Answer: decreased by $471.9 million

Question: What is the amount of Microelectronics in 2019?
Facts: $632,176
Answer: $632,176 thousand

Question: In which years is net sales calculated?
Facts: 2018; 2019
Answer: 2019; 2018

Question: In which year was Materials processing a larger percentage of total net sales?
Facts: 2019
Derivation: 28.3%>27.4%
Answer: 2019

Question: What was the change in the amount of OEM components and instrumentation in 2019 from 2018?
Facts: 220,823; 266,788
Derivation: 266,788-220,823
Answer: 45965 thousand

Question: What was the percentage change in the amount of OEM components and instrumentation in 2019 from 2018?
Facts: 220,823; 266,788
Derivation: (266,788-220,823)/220,823
Answer: 20.82 percent

Question: What was the Net cash provided by operating activities in 2019?
Facts: $181,401
Answer: $181,401 thousand

Question: What was the  Purchases of property and equipment  in 2018?
Facts: (90,757)
Answer: (90,757) thousand

Question: In which years are the uses of cash highlighted in the table?
Facts: 2018; 2019
Answer: 2019; 2018

Question: In which year was the Issuance of shares under employee stock plans larger?
Facts: 2019
Derivation: 11,811>10,574
Answer: 2019

Question: What was the change in Issuance of shares under employee stock plans in 2019 from 2018?
Facts: 10,574; 11,811
Derivation: 11,811-10,574
Answer: 1237 thousand

Question: What was the percentage change in Issuance of shares under employee stock plans in 2019 from 2018?
Facts: 10,574; 11,811
Derivation: (11,811-10,574)/10,574
Answer: 11.7 percent

Question: What do Accounts receivable allowances reflect?
Facts: reflect our best estimate of probable losses inherent in our accounts receivable balances, including both losses for uncollectible accounts receivable and sales returns
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?
Facts: $8,690
Answer: $8,690 thousand

Question: In which years were the accounts receivable allowances provided in the table?
Facts: 2017; 2018; 2019
Answer: 2019; 2018; 2017

Question: In which year were the Additions charged to expenses the largest?
Facts: 2019
Derivation: 5,210>4,190>1,980
Answer: 2019

Question: What was the change in Ending balance in 2019 from 2018?
Facts: 4,568; 8,690
Derivation: 8,690-4,568
Answer: 4122 thousand

Question: What was the percentage change in Ending balance in 2019 from 2018?
Facts: 4,568; 8,690
Derivation: (8,690-4,568)/4,568
Answer: 90.24 percent

Question: What do tax fees represent?
Facts: tax compliance and related services.
Answer: tax compliance and related services.

Question: What do all other fees represent?
Facts: the annual subscription for access to the Deloitte Accounting Research Tool, which is a searchable on-line accounting database.
Answer: the annual subscription for access to the Deloitte Accounting Research Tool, which is a searchable on-line accounting database.

Question: What are the types of principal accounting fees and services?
Facts: All other fees; Audit fees; Tax fees
Answer: Audit fees; Tax fees; All other fees

Question: In which year were tax fees larger?
Facts: 2018
Derivation: 931,017>546,618
Answer: 2018

Question: What was the change in All other fees in 2019 from 2018?
Facts: 1,895
Derivation: 1,895-1,895
Answer: 0

Question: What was the percentage change in All other fees in 2019 from 2018?
Facts: 1,895
Derivation: (1,895-1,895)/1,895
Answer: 0 percent

Question: What was Long-term taxes payable in 2019?
Facts: $37,385
Answer: $37,385 thousand

Question: What was  Total other long-term liabilities  in 2018?
Facts: $151,956
Answer: $151,956 thousand

Question: In which years were long-term liabilities calculated?
Facts: 2018; 2019
Answer: 2019; 2018

Question: In which year was Other long-term liabilities larger?
Facts: 2019
Derivation: 2,188>1,238
Answer: 2019

Question: What was the change in Other long-term liabilities from 2018 to 2019?
Facts: 1,238; 2,188
Derivation: 2,188-1,238
Answer: 950 thousand

Question: What was the percentage change in Other long-term liabilities from 2018 to 2019?
Facts: 1,238; 2,188
Derivation: (2,188-1,238)/1,238
Answer: 76.74 percent

Question: What was the Total deferred compensation liability in 2019?
Facts: $42,948
Answer: $42,948 thousand

Question: What was the  Other long-term liabilities  in 2018?
Facts: 40,895
Answer: 40,895 thousand

Question: In which years was Total deferred compensation liability calculated?
Facts: 2018; 2019
Answer: 2019; 2018

Question: In which year was Other long-term liabilities larger?
Facts: 2018
Derivation: 40,895>39,715
Answer: 2018

Question: What was the change in Other current liabilities from 2018 to 2019?
Facts: 3,233; 844
Derivation: 3,233-844
Answer: 2389 thousand

Question: What was the percentage change in Other current liabilities from 2018 to 2019?
Facts: 3,233; 844
Derivation: (3,233-844)/844
Answer: 283.06 percent

Question: What does the table show?
Facts: a summary of some of the quantitative performance indicators (as defined below) that are evaluated by management to assess our financial performance.
Answer: a summary of some of the quantitative performance indicators (as defined below) that are evaluated by management to assess our financial performance.

Question: What is the amount of net sales for OEM Laser Sources in 2019?
Facts: $886,676
Answer: $886,676

Question: In which years are the key performance indicators provided in the table?
Facts: 2018; 2019
Answer: 2019; 2018

Question: In which year was Research and Development Expenses as a Percentage of Net Sales larger?
Facts: 2019
Derivation: 8.2%>7.0%
Answer: 2019

Question: What was the change in Annualized Fourth Quarter Inventory Turns in 2019 from 2018?
Facts: 2.1; 2.2
Derivation: 2.1-2.2
Answer: -0.1

Question: What was the percentage change in Annualized Fourth Quarter Inventory Turns in 2019 from 2018?
Facts: 2.1; 2.2
Derivation: (2.1-2.2)/2.2
Answer: -4.55 percent

Question: How was basic earnings per share computed?
Facts: based on the weighted average number of shares outstanding during the period, excluding unvested restricted stock
Answer: based on the weighted average number of shares outstanding during the period, excluding unvested restricted stock

Question: How was diluted earnings per share computed?
Facts: based on the weighted average number of shares outstanding during the period increased by the effect of dilutive employee stock awards, including stock options, restricted stock awards and stock purchase plan contracts, using the treasury stock method
Answer: based on the weighted average number of shares outstanding during the period increased by the effect of dilutive employee stock awards, including stock options, restricted stock awards and stock purchase plan contracts, using the treasury stock method

Question: In which years was earnings per share provided in the table?
Facts: 2017; 2018; 2019
Answer: 2019; 2018; 2017

Question: In which year was the Dilutive effect of employee stock awards largest?
Facts: 2017
Derivation: 290>279>161
Answer: 2017

Question: What was the change in Dilutive effect of employee stock awards in 2019 from 2018?
Facts: 161; 279
Derivation: 161-279
Answer: -118 thousand

Question: What was the percentage change in Dilutive effect of employee stock awards in 2019 from 2018?
Facts: 161; 279
Derivation: (161-279)/279
Answer: -42.29 percent

Question: What was total operating expenses in 2019?
Facts: $403,370
Answer: $403,370 thousand

Question: What was  Amortization of intangible assets  in 2018?
Facts: 10,690
Answer: 10,690 thousand

Question: In which years was operating expenses calculated?
Facts: 2018; 2019
Answer: 2019; 2018

Question: In which year was Amortization of intangible assets a higher percentage of total net sales?
Facts: 2019
Derivation: 1.0%>0.6%
Answer: 2019

Question: What was the change in the amount of Amortization of intangible assets in 2019 from 2018?
Facts: 10,690; 13,760
Derivation: 13,760-10,690
Answer: 3070 thousand

Question: What was the percentage change in the amount of Amortization of intangible assets in 2019 from 2018?
Facts: 10,690; 13,760
Derivation: (13,760-10,690)/10,690
Answer: 28.72 percent

Question: What was the Net deferred tax assets in 2019?
Facts: $59,226
Answer: $59,226 thousand

Question: What was the  Non-current deferred income tax assets  in 2018?
Facts: $64,858
Answer: $64,858 thousand

Question: In which years were Net deferred tax assets calculated?
Facts: 2018; 2019
Answer: 2019; 2018

Question: In which year was the amount of Net deferred tax assets larger?
Facts: 2019
Derivation: 59,226>38,519
Answer: 2019

Question: What was the change in Net deferred tax assets from 2018 to 2019?
Facts: 38,519; 59,226
Derivation: 59,226-38,519
Answer: 20707 thousand

Question: What was the percentage change in Net deferred tax assets from 2018 to 2019?
Facts: 38,519; 59,226
Derivation: (59,226-38,519)/38,519
Answer: 53.76 percent

Question: What is the approximate weighted average warranty period covered?
Facts: approximately 15 to 18 months
Answer: approximately 15 to 18 months

Question: What does the determination of such reserves require the company to make?
Facts: make estimates of product return rates and expected costs to repair or replace the products under warranty. We currently establish warranty reserves based on historical warranty costs for each product line
Answer: make estimates of product return rates and expected costs to repair or replace the products under warranty. We currently establish warranty reserves based on historical warranty costs for each product line

Question: In which years was the reserve for warranty costs provided in the table?
Facts: 2017; 2018; 2019
Answer: 2019; 2018; 2017

Question: In which year was the Ending balance the largest?
Facts: 2018
Derivation: 40,220>36,460>36,149
Answer: 2018

Question: What was the change in Beginning balance in 2019 from 2018?
Facts: 36,149; 40,220
Derivation: 40,220-36,149
Answer: 4071 thousand

Question: What was the percentage change in Beginning balance in 2019 from 2018?
Facts: 36,149; 40,220
Derivation: (40,220-36,149)/36,149
Answer: 11.26 percent

Question: What was the Balance as of end of year in 2019?
Facts: $58,111
Answer: $58,111 thousand

Question: What was the  Balance as of the beginning of the year  in 2018?
Facts: $47,566
Answer: $47,566 thousand

Question: In which years was the Balance as of end of year calculated?
Facts: 2017; 2018; 2019
Answer: 2019; 2018; 2017

Question: In which year was the Balance as of the beginning of the year the largest?
Facts: 2019
Derivation: 65,882>47,566>20,442
Answer: 2019

Question: What was the change in Balance as of the beginning of the year in 2019 from 2018?
Facts: 47,566; 65,882
Derivation: 65,882-47,566
Answer: 18316 thousand

Question: What was the percentage change in Balance as of the beginning of the year in 2019 from 2018?
Facts: 47,566; 65,882
Derivation: (65,882-47,566)/47,566
Answer: 38.51 percent

Question: What was the Other taxes receivable in 2019?
Facts: 11,208
Answer: 11,208 thousand

Question: What was the  Prepaid expenses and other assets in 2018?
Facts: 30,266
Answer: 30,266 thousand

Question: In which year was Total prepaid expenses and other assets calculated?
Facts: 2018; 2019
Answer: 2019; 2018

Question: In which year was Other taxes receivable larger?
Facts: 2018
Derivation: 16,930>11,208
Answer: 2018

Question: What was the change in Prepaid and refundable income taxes from 2018 to 2019?
Facts: 37,884; 44,096
Derivation: 44,096-37,884
Answer: 6212 thousand

Question: What was the percentage change in Prepaid and refundable income taxes from 2018 to 2019?
Facts: 37,884; 44,096
Derivation: (44,096-37,884)/37,884
Answer: 16.4 percent

Question: What does the Current portion of Euro Term Loan consist of?
Facts: (1) Net of debt issuance costs of $4.6 million and $4.7 million at September 28, 2019 and September 29, 2018, respectively.
Answer: (1) Net of debt issuance costs of $4.6 million and $4.7 million at September 28, 2019 and September 29, 2018, respectively.

Question: What was the amount of Line of credit borrowings in 2019?
Facts: 10,000
Answer: 10,000 thousand

Question: In which years was the Total current portion of long-term obligations calculated?
Facts: 2018; 2019
Answer: 2019; 2018

Question: In which year was the 1.0% State of Connecticut term loan due 2023 larger?
Facts: 2019
Derivation: 378>374
Answer: 2019

Question: What was the change in Capital lease obligations from 2018 to 2019?
Facts: 158; 370
Derivation: 370-158
Answer: 212 thousand

Question: What was the percentage change in Capital lease obligations from 2018 to 2019?
Facts: 158; 370
Derivation: (370-158)/158
Answer: 134.18 percent