Source document: cal-maine-foods-inc_2019

Question: How is the net average shell egg selling price calculated?
Facts: blended price for all sizes and grades of shell eggs, including non-graded shell egg sales, breaking stock and undergrades.
Answer: blended price for all sizes and grades of shell eggs, including non-graded shell egg sales, breaking stock and undergrades.

Question: What is the net average shell egg selling price (rounded) in 2018?
Facts: 1.40
Answer: 1.40

Question: What is the increase / (decrease) in the Gross Profit from 2018 to 2019?
Facts: 222,859; 361,046
Derivation: 222,859 - 361,046
Answer: -138187 thousand

Question: What percentage of net sales did egg products accounted for in 2019?
Facts: 3%
Answer: 3%

Question: What is the COGS for 2019?
Facts: 222,859; 54,229
Derivation: 54,229 - 222,859
Answer: -168630 thousand

Question: What is the percentage increase / (decrease) in average Urner Barry Spot Egg Market Quotations 1 in 2019 compared to 2018?
Facts: 1.23; 1.49
Derivation: 1.23 / 1.49 - 1
Answer: -17.45 percent

Question: What was the Tax Cuts and Jobs Act of 2017 (the “Act”)?
Facts: reduced the United States corporate tax rate from 35% to 21% effective January 1, 2018
Answer: reduced the United States corporate tax rate from 35% to 21% effective January 1, 2018

Question: What was the increase / (decrease) in the Statutory federal income tax (benefit) from 2018 to 2019?
Facts: 14,694; 34,105
Derivation: 14,694 - 34,105
Answer: -19411 thousand

Question: What was the federal state income tax in fiscal year 2019?
Facts: $36.5 million
Answer: $36.5 million

Question: What was the average Tax exempt interest income?
Facts: 101; 197; 206
Derivation: - (197 + 101 + 206) / 3
Answer: -168 thousand

Question: What was the adjustment to the Company’s provision for income taxes in 2019?
Facts: As of June 1, 2019, there were no uncertain tax positions that resulted in any adjustment to the Company’s provision for income taxes.
Answer: As of June 1, 2019, there were no uncertain tax positions that resulted in any adjustment to the Company’s provision for income taxes.

Question: What was the percentage change in the Domestic manufacturers deduction from 2017 to 2018?
Facts: 2,545; 4,095
Derivation: -2,545 / 4,095 - 1
Answer: -162.15 percent

Question: What is the increase in net income (loss) from 2018 to 2019?
Facts: 125,932; 54,229
Derivation: 54,229 - 125,932
Answer: -71703 thousand

Question: What is the number of common shares in the market in June 2019?
Facts: 48,467
Answer: 48,467

Question: How is the diluted net income per share calculated?
Facts: net income per share was calculated by dividing net income by the weighted-average number of common shares outstanding during the period plus the dilutive effects of stock options and unvested restricted shares
Answer: net income per share was calculated by dividing net income by the weighted-average number of common shares outstanding during the period plus the dilutive effects of stock options and unvested restricted shares

Question: What is the number of common and restricted stock option in 2019?
Facts: 122
Answer: 122

Question: What is the average of the last 3 years basic net income per common share?
Facts: 1.12; 1.54; 2.60
Derivation: (1.12 + 2.60 - 1.54) / 3
Answer: 0.73 thousand

Question: What is the increase / decrease in the number of dilutive potential common shares from 2018 to 2019?
Facts: 48,468; 48,589
Derivation: 48,589 - 48,468
Answer: 121

Question: What is the farm production cost in year ended 2019 as a percentage of total cost?
Facts: 1,138,329; 635,797
Derivation: 635,797 / 1,138,329
Answer: 55.85 percent

Question: What was the reason for increase in feed costs in 2019?
Facts: increase in feed costs was primarily related to less favorable crop conditions in the south central U. S., which resulted in higher ingredient prices at some of our larger feed mill operations.
Answer: increase in feed costs was primarily related to less favorable crop conditions in the south central U. S., which resulted in higher ingredient prices at some of our larger feed mill operations.

Question: What was the rationale of decrease in average cost per dozen purchased from outside shell egg producers?
Facts: due to significantly lower egg selling prices in the quarter
Answer: due to significantly lower egg selling prices in the quarter

Question: What was the increase / (decrease) in dozen produced in 2019 compared to 2018? 
Facts: 0.4%
Answer: 0.4%

Question: What percentage of total cost does Egg products form a part of in 2019?
Facts: 1,138,329; 29,020
Derivation: 29,020 / $1,138,329
Answer: 2.55 percent

Question: What is the cost of sales per dozen produced in year ended 2019?
Facts: 1,138,329; 876,705
Derivation: 1,138,329 / 876,705
Answer: 1.3 thousand

Question: What is the net sales in 2019?
Facts: 112,396
Answer: 112,396 thousand

Question: What is the increase in net sales from 2018 to 2019?
Facts: 107,705; 112,396
Derivation: 112,396 - 107,705
Answer: 4691 thousand

Question: What is the average total assets in 3 years?
Facts: 128,470; 131,871; 134,056
Derivation: (128,470 + 134,056 + 131,871) / 3
Answer: 131465.67 thousand

Question: What is the Return on Assets in 2019?
Facts: 128,470; 9,490
Derivation: 9,490 / 128,470
Answer: 7.39 percent

Question: Which method is used by the company to account for investments?
Facts: investment using the cost method
Answer: investment using the cost method

Question: What percentage each of Red River, Specialty Eggs, and Southwest Specialty Eggs is owned by the company?
Facts: 50%
Answer: 50%

Question: What was the depreciation expense in 2019?
Facts: $51.7 million
Answer: $51.7 million

Question: What is the average building and improvements?
Facts: 360,030; 370,451
Derivation: (370,451 + 360,030) / 2
Answer: 365240.5 thousand

Question: What is the percentage increase in accumulated depreciation from 2018 to 2019?
Facts: 513,707; 555,920
Derivation: 555,920 / 513,707 - 1
Answer: 8.22 percent

Question: What is the average land and improvements?
Facts: 90,757; 93,046
Derivation: (93,046 + 90,757) / 2
Answer: 91901.5 thousand

Question: What are insurance recoveries related to business interruption classified as?
Facts: operating cash flows
Answer: operating cash flows

Question: What are recoveries related to property damage are classified as?
Facts: investing cash flows
Answer: investing cash flows

Question: What is the number of eggs in 2019?
Facts: 14,318
Answer: 14,318 thousand

Question: What is the increase / (decrease) in number of eggs in 2019?
Facts: 14,318; 17,313
Derivation: 14,318 - 17,313
Answer: -2995 thousand

Question: What was the flock composition in June 2019?
Facts: consisted of approximately 9.4 million pullets and breeders and 36.2 million layers.
Answer: consisted of approximately 9.4 million pullets and breeders and 36.2 million layers.

Question: What is the age for the pullets?
Facts: under 18 weeks
Answer: under 18 weeks

Question: What is the percentage increase / (decrease) in feed and supplies in 2019 compared to 2018?
Facts: 52,383; 54,737
Derivation: 52,383 / 54,737 - 1
Answer: -4.3 percent

Question: What is the increase / (decrease) in total inventory in 2019 compared to 2018?
Facts: 168,644; 172,237
Derivation: 172,237 - 168,644
Answer: 3593 thousand

Question: What is the specialty egg as a percentage of total total selling, general and administrative expenses in 2019?
Facts: 174,795; 53,263
Derivation: 53,263 / 174,795
Answer: 30.47 percent

Question: What is the percent change of Delivery Expense from 2018 to 2019?
Facts: 0.8%
Answer: 0.8%

Question: What is the rationale for increase / (decrease) in the selling, general and administrative expense as a percentage of net sales?
Facts: due to the decrease in net sales in fiscal 2019
Answer: due to the decrease in net sales in fiscal 2019

Question: What caused the increase in payroll and overhead expenses in 2019?
Facts: due to annual salary increase
Answer: due to annual salary increase

Question: what is other expenses constitutes as a percentage of total cost in 2019?
Facts: 174,795; 25,975
Derivation: 25,975 / $174,795
Answer: 14.86 percent

Question: What percentage of total cost does stock compensation form a part of?
Facts: 174,795; 3,619
Derivation: 3,619 / $174,795
Answer: 2.07 percent

Question: What is the increase / (decrease) in the Net income (loss) attributable to Cal-Maine Foods, Inc. available for dividend in 2019 compared to 2018?
Facts: 1; 19,761; 51,279
Derivation: $(19,761) / $51,279 - 1
Answer: -138.54 percent

Question: Except for the fourth fiscal year, on which day would the dividend be paid to the shareholders?
Facts: 60th day following the last day of such quarter
Answer: 60th day following the last day of such quarter

Question: What percentage of the class A common stock outstanding shares are a part of the total common stock outstanding shares?
Facts: 4,800; 48,694
Derivation: 4,800 / 48,694
Answer: 9.86 percent

Question: What was the dividend per common share in year ended June 2018?
Facts: $0.351
Answer: $0.351

Question: In the year ended 2019, what is the dividend per common share?
Facts: -
Answer: -

Question: What is the dividend payout ration in year ending June 2018?
Facts: 0.351; 48,694; 51,279
Derivation: (48,694 * 0.351) / 51,279
Answer: 33.33 percent

Question: What is the total net sales for the year ending 2019?
Facts: 280,572; 340,583; 356,040; 383,993
Derivation: 340,583 + 356,040 + 383,993 + 280,572
Answer: 1361188 thousand

Question: What is the percentage increase / (decrease) in the diluted net income (loss) per share from 2019 to 2018?
Facts: 0.82; 1.99
Derivation: 0.82 / 1.99 - 1
Answer: -58.79 percent

Question: What is the increase in the gross profit in 2019 from 1st quarter to 2nd quarter?
Facts: 57,128; 70,535
Derivation: 70,535 - 57,128
Answer: 13407 thousand

Question: What was the additional tax benefit recorded in 2018?
Facts: 8.0
Answer: 8.0 million

Question: When was the Tax Cuts and Jobs Act of 2017 enacted?
Facts: 2018
Answer: 2018

Question: What was the impact of initial revaluation of our deferred tax liabilities during the third quarter?
Facts: favorably impacted our results by $35.0 million.
Answer: favorably impacted our results by $35.0 million. million