tokbokki/tatqa_dataset_filter huggingface dataset:
text: 4.4 Financial instruments and risk management (continued)
text: Exposure to credit risk
text: The carrying amount of financial assets subject to credit risk at reporting date are as follows:
text: Managing our liquidity risks
text: Liquidity risk is the risk that we will be unable to meet our financial obligations.
text: The Group aims to maintain the level of its cash and cash equivalents at an amount to meet its financial obligations. The Group also monitors the level of expected cash inflows on trade receivables and contract assets together with expected cash outflows on trade and other payables through rolling forecasts. This excludes the potential impact of extreme circumstances that cannot reasonably be predicted.
text: Concentrations arise when a number of counterparties are engaged in similar business activities, or activities in the same geographical region, or have economic features that would cause their ability to meet contractual obligations to be similarly affected by changes in economic, political or other conditions. Concentrations indicate the relative sensitivity of the Group’s performance to developments affecting a particular industry.
text: In order to avoid excessive concentrations of risk, the Group’s internal policies and procedures include specific guidelines to focus on maintaining a diversified portfolio. Identified concentrations of credit risks are controlled and managed accordingly.
text: The Group’s non-derivative financial liabilities consist of trade payables expected to be settled within three months. At 30 June 2019, the carrying amount and contractual cash flows is $25,153,000 (2018: $33,978,000).

Table:
CONSOLIDATED
2019 $’000
2018 $’000
Cash and cash equivalents
21,956
33,045
Trade receivables and contract assets
22,989
28,710
Trail commission asset
114,078
102,920

Questions:
question: What is the percentage change in the cash and cash equivalents from 2018 to 2019?
answer: -33.56
derivation: (21,956-33,045)/33,045
scale: percent
question: What is the percentage change in the trade receivables and contract assets from 2018 to 2019?
answer: -19.93
derivation: (22,989-28,710)/28,710
scale: percent
question: What is the percentage change in the trail commission asset from 2018 to 2019?
answer: 10.84
derivation: (114,078-102,920)/102,920
scale: percent
text: Disaggregation of Revenue
text: The Company operates in two business segments, Specialty Alloys Operations (“SAO”) and Performance Engineered Products (“PEP”). Revenue is disaggregated within these two business segments by diversified end-use markets and by geographical location. Comparative information of the Company’s overall revenues by end-use markets and geography for years ended June 30, 2019, 2018 and 2017 were as follows:

Table:
End-Use Market Data
Year Ended June 30,
Year Ended June 30,
Year Ended June 30,
($ in millions)
2019
2018
2017
Aerospace and Defense
$1,327.9
$1,182.3
$973.3
Medical
205.0
175.3
125.5
Energy
181.7
146.5
138.0
Transportation
157.7
157.0
143.9
Industrial and Consumer
371.5
364.9
298.2
Distribution
136.4
131.7
118.7
Total net sales
$2,380.2
$2,157.7
$1,797.6

Questions:
question: What is the Aerospace and Defense value in 2019?
answer: $1,327.9
scale: million
question: In which year was  Distribution the largest?
answer: 2019
derivation: 136.4>131.7>118.7
question: What was the change in Distribution in 2019 from 2018?
answer: 4.7
derivation: 136.4-131.7
scale: million
question: What was the percentage change in Distribution in 2019 from 2018?
answer: 3.57
derivation: (136.4-131.7)/131.7
scale: percent
text: Revenue
text: The following table presents the breakdown of revenue between product and service (in millions, except percentages):
text: (1) Total revenue, product revenue and service revenue not including the SPVSS business in the prior year increased 7%, 8% and 3%, respectively.

Table:
Years Ended
2019 vs. 2018
July 27, 2019 (1)
July 28, 2018
July 29, 2017
Variance in Dollars
Variance in Percent
Revenue:
Product
$39,005
$36,709
$35,705
$2,296
6%
Percentage of revenue
75.1%
74.4%
74.4%
Service
12,899
12,621
12,300
278
2%
Percentage of revenue
24.9%
25.6%
25.6%
Total
$51,904
$49,330
$48,005
$2,574
5%

Questions:
text: The following table sets forth a summary of our cash flows for the periods indicated (in thousands):
text: Our cash flows from operating activities are significantly influenced by our growth, ability to maintain our contractual billing and collection terms, and our investments in headcount and infrastructure to support anticipated growth. Given the seasonality and continued growth of our business, our cash flows from operations will vary from period to period.
text: Cash provided by operating activities was $115.5 million in 2019, compared to $90.3 million in 2018. The increase in operating cash flow was primarily due to improved profitability, improved collections, and other working capital changes in 2019 when compared to 2018.

Table:
Year Ended December 31,
2019
2018
2017
Net cash provided by operating activities
$115,549
$90,253
$67,510
Net cash used in investing activities
(97,727)
(20,876)
(36,666)
Net cash provided by (used in) financing activities
14,775
(278,016)
276,852

Questions:
question: What is the percentage change in Net cash used in investing activities between 2018 and 2019?
answer: 368.13
derivation: (-97,727-(-20,876))/(-20,876)
scale: percent
question: What is the percentage change in net cash provided by operating activities between 2017 and 2018?
answer: 33.69
derivation: ($90,253-$67,510)/$67,510
scale: percent
text: Land, Property and Equipment
text: Land, property and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets, or for leasehold improvements, the shorter of the remaining lease term or the estimated useful life. The estimated useful lives for machinery and equipment range from 5 to 7 years and for office, computer and research equipment from2 to 5 years. Expenditures for major renewals and improvements that extend the useful life of property and equipment are capitalized.
text: Depreciation and amortization expense was $0.6 million and $0.8 million for fiscal years2019 and 2018, respectively. In accordance with ASC Topic 360, Property, Plant and Equipment (ASC 360), the Company assesses all of its long-lived assets, including intangibles, for impairment when impairment indicators are identified. If the carrying value of an asset exceeds its undiscounted cash flows, an impairment loss may be necessary. An impairment loss is calculated as the difference between the carrying value and the fair value of the asset.
text: The Company acquired 16 acres of land with an acquisition and sold4 acres in April 2015 for$264,000. The Company still owns 12 acres of land that remains on the market. The Company concluded that a sale transaction for the remaining land is not probable within the next year; therefore, unsold land is classified as held-and-used as of March 31, 2019 and 2018.
text: The components of fixed assets are as follows:

Table:
March 31,
(in thousands)
2019
2018
Land
$672
$672
Machinery and equipment
1,372
1,296
Office, computer and research equipment
5,267
5,175
Leasehold improvements
798
1,238
Land, property and equipment, gross
$8,109
$8,381
Less accumulated depreciation and amortization
(6,811)
(6,780)
Land, property and equipment, net
$1,298
$1,601

Questions:
question: What were the values of land in 2018 and 2019, respectively? 
answer: $672
$672
scale: thousand
question: What is the percentage change in the net cost of land, property, and equipment in 2019 compared to 2018?
answer: -18.93
derivation: (1,298-1,601)/1,601 
scale: percent
question: What is the proportion of land and leasehold improvements over the gross cost of land, property, and equipment in 2019?
answer: 0.18
derivation: (672+798)/8,109 
question: What is the ratio of the gross cost of land, property, and equipment in fiscal 2019 to fiscal 2018?
answer: 0.97
derivation: 8,109/8,381
text: 16. Transactions With Affiliate:
text: Our business includes certain transactions with our majority shareholder, Kyocera, that are governed by agreements between the parties that define the sales terms,
including pricing for the products. The nature and amounts of transactions with Kyocera are included in the table below.
text: Kyocera notified AVX pursuant to the Products Supply and Distribution Agreement in December 2016 of its intent, effective January 1, 2018, to market its
manufactured electronic and interconnect products globally using Kyocera’s sales force rather than continuing to have AVX resell such products in the Americas,
Europe and Asia. During fiscal 2017, 2018 and 2019 sales of Kyocera resale products by AVX were $318,928, $296,316 and $18,951, respectively, and related operating
profit was $17,076, $18,177 and $3,300, respectively

Table:
Fiscal Yaar Ended March 31,
2017
2018
2019
Sales:
Product and equipment sales to affliates
$30,303
$26,069
$10,436
Purchases
Purchases of resale inventories, raw materials, supplies, equipment, and services
303,793
256,660
9,399
Other
Dividends paid
52,983
54,810
56,028

Questions:
question: What are the respective sales and purchases for 2017?
answer: 30,303
303,793
question: What are the respective sales and purchases for 2018?
answer: 26,069
256,660
question: What are the respective sales and purchases for 2019?
answer: 10,436
9,399
text: Note 7—Income Taxes
text: The
Company
is
incorporated
in
Switzerland
but
operates
in
various
countries
with
differing
tax
laws
and
rates.
Further,
a
portion
of
the
Company's
income
(loss)
before
taxes
and
the
provision
for
(benefit
from)
income
taxes
is
generated
outside
of
Switzerland.
text: Income
from
continuing
operations
before
income
taxes
for
fiscal
years
2019
,
2018
and
2017
is
summarized
as
follows
(in
thousands):

Table:
Years Ended March 31,
2019
2018
2017
Swiss
$212,986
$177,935
$161,544
Non-Swiss
58,147
54,330
53,445
Income before taxes
$271,133
$232,265
$214,989

Questions:
question: What is the percentage increase in Swiss income from 2017 to 2018?
answer: 10.15
derivation: ($177,935 - $161,544) / $161,544
scale: percent
question: What percentage of the total income before taxes does Swiss income form a part of in 2019?
answer: 78.55
derivation: ($212,986 / $271,133)
scale: percent
text: Fiscal 2017 Restructuring Plan
text: During Fiscal 2017 and in the context of acquisitions made in Fiscal 2017, we began to implement restructuring activities to streamline our operations (collectively referred to as the Fiscal 2017 Restructuring Plan). The Fiscal 2017 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, $41.9 million has been recorded within "Special charges (recoveries)". 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.

Table:
Fiscal 2017 Restructuring Plan
Workforce reduction
Facility costs
Total
Balance payable as at June 30, 2017
$10,045
$1,369
$11,414
Accruals and adjustments
3,432
3,775
7,207
Cash payments
(12,342)
(1,627)
(13,969)
Foreign exchange and other non-cash adjustments
455
(86)
369
Balance payable as at June 30, 2018
$1,590
$3,431
$5,021
Accruals and adjustments
(254)
1,152
898
Cash payments
(213)
(1,290)
(1,503)
Foreign exchange and other non-cash adjustments
(77)
(344)
(421)
Balance payable as at June 30, 2019
$1,046
$2,949
$3,995

Questions:
question: For Balance payable as at June 30, 2019, what is Workforce reduction expressed as a percentage of Facility costs?
answer: 35.47
derivation: 1,046/2,949
scale: percent
text: Original Equipment Manufacturers (“OEM”) are the end-customers to which we provide direct marketing application engineering support, while Distribution customers refers to the distributors and representatives that we engage to distribute our products around the world.
text: Our revenues weight in Distribution registered a decrease of 5 percentage point compared to 2018, reaching a 30% share of total revenues in 2019. In 2018 as compared to 2017, our revenues weight in Distribution registered an increase of 1 percentage point.

Table:
Year Ended December 31,
Year Ended December 31,
Year Ended December 31,
2019
2018
2017
(As percentage of net revenues)
(As percentage of net revenues)
(As percentage of net revenues)
OEM
70%
65%
66%
Distribution
30
35
34
Total
100%
100%
100%

Questions:
question: What is the average percentage of net revenues of OEM?
answer: 67
derivation: (70+65+66) / 3
scale: percent
question: What is the average percentage of net revenues of Distribution?
answer: 33
derivation: (30+35+34) / 3
scale: percent
question: What is the increase/ (decrease) in percentage of net revenues of OEM from 2017 to 2019?
answer: 4
derivation: 70%-66%
scale: percent
text: Refranchisings and franchisee development — The following table summarizes the number of restaurants sold to franchisees, the number of restaurants developed by franchisees, and gains recognized in each fiscal year (dollars in thousands):
text: (1) Amounts in 2019, 2018, and 2017 include additional proceeds of $1.3 million, $1.4 million, and $0.2 million related to the extension of the underlying franchise and lease agreements from the sale of restaurants in prior years.
text: (2)  Charges are for operating restaurant leases with lease commitments in excess of our sublease rental income.
text: (3) Amounts in 2018 primarily represent $9.2 million of costs related to franchise remodel incentives, $8.7 million reduction of gains related to the modification of certain 2017 refranchising transactions, $2.3 million of maintenance and repair expenses and $3.7 million of other miscellaneous non-capital charges. Amounts in 2017 represent impairment of $4.6 million and equipment write-offs of $1.4 million related to restaurants closed in connection with the sale of the related markets, maintenance and repair charges, and other miscellaneous non-capital charges.
text: Franchise acquisitions — In 2019 and 2018 we did not acquire any franchise restaurants. In 2017 we acquired 50 franchise restaurants. Of the 50 restaurants acquired, we took over 31 restaurants as a result of an agreement with an underperforming franchisee who was in violation of franchise and lease agreements with the Company. Under this agreement, the franchisee voluntarily agreed to turn over the restaurants. The acquisition of the additional 19 restaurants in 2017 was the result of a legal action filed in September 2013 against a franchisee, from which legal action we obtained a judgment in January 2017 granting us possession of the restaurants. Of the 50 restaurants acquired in 2017, we closed eight and sold 42 to franchisees.

Table:
2019
2018
2017
Restaurants sold to franchisees
—
135
178
New restaurants opened by franchisees
19
11
18
Proceeds from the sale of company-operated restaurants:
Cash (1)
$1,280
$26,486
$99,591
Notes receivable
—
70,461
—
$1,280
$96,947
$99,591
Net assets sold (primarily property and equipment)
$—
$(21,329)
$(30,597)
Lease commitment charges (2)
—
—
(11,737)
Goodwill related to the sale of company-operated restaurants
(2)
(4,663)
(10,062)
Other (3)
88
(24,791)
(9,161)
Gains on the sale of company-operated restaurants
$1,366
$46,164
$38,034

Questions:
question: What is the percentage constitution of cash in the total gains on the sale of company-operated restaurants in 2019?
answer: 93.7
derivation: 1,280/1,366 
scale: percent
text: Supplementary Financial Data (Unaudited)
text: (in millions, except per-share amounts)
text: (1) In the fourth quarter of fiscal 2019, we recorded an $872 million charge which was the reversal of the previously recorded benefit associated with the U.S. taxation of deemed foreign dividends recorded in fiscal 2018 as a result of a retroactive final U.S. Treasury regulation issued during the quarter.

Table:
Quarters Ended
July 27, 2019 (1)
April 27, 2019
January 26, 2019
October 27, 2018
Revenue .
$13,428
$12,958
$12,446
$13,072
Gross margin
$8,574
$8,173
$7,773
$8,146
Operating income
$3,690
$3,513
$3,211
$3,805
Net income
$2,206
$3,044
$2,822
$3,549
Net income per share - basic
$0.52
$0.70
$0.63
$0.78
Net income per share - diluted
$0.51
$0.69
$0.63
$0.77
Cash dividends declared per common share .
$0.35
$0.35
$0.33
$0.33
Cash and cash equivalents and investments .
$33,413
$34,643
$40,383
$42,593

Questions:
text: The table below details the percentage of the number of investment properties subject to internal and external valuations during the current and comparable reporting periods
text: The Group also obtained external valuations on 31 freehold investment properties acquired during the year ended 30 June 2019 (year ended 30 June 2018: 19 freehold investment properties). These external valuations provide the basis of the Directors’ valuations applied to these properties at 30 June 2019 and 30 June 2018. Including these valuations, 51% of freehold investment properties were subject to external valuations during the year (year ended 30 June 2018: 43% of freehold investment properties).

Table:
External valuation %
Internal valuation %
Year ended 30 June 2019
Leasehold
23%
77%
Freehold
38%
62%
Year ended 30 June 2018
Leasehold
60%
40%
Freehold
27%
73%

Questions:
question: What was the leasehold external and internal valuation in 2019?
answer: 60%
40%
question: What was the leasehold external and internal valuation in 2019?
answer: 23%
77%
question: What was the change in the leasehold external valuation % from 2018 to 2019?
answer: -37
derivation: 23 - 60
scale: percent
question: What is the average freehold internal valuation for 2018 and 2019?
answer: 67.5
derivation: (62 + 73) / 2
scale: percent
question: In which year was the external valuation % for leasehold less than 50%?
answer: 2019
derivation: locate and analyze leasehold in row 4 and 7
text: RESTRICTED STOCK UNITS
text: The following is a summary of RSUs award activity for the years ended December 31, 2019 and 2018:
text: The Company estimates the fair value of the granted shares using the market price of the Company’s stock price at the grant date. For the years ended December 31, 2019, 2018 and 2017, the Company recognized $0.3 million, $0.9 million and $0.6 million, respectively of stock-based compensation expense related to the RSUs.
text: As of December 31, 2019, total compensation cost not yet recognized related to unvested RSUs was approximately $0.8 million, which is expected to be recognized over a weighted-average period of 2.3 years.

Table:
2019
2018
Number of Shares
Weighted Average Grant Date Fair Value
Number of Shares
Weighted Average Grant Date Fair Value
Non-vested at beginning of year
315,292
$2.26
438,712
$2.28
Shares granted
253,113
2.17
200,000
3.16
Shares vested
82,270
2.28
323,420
2.84
Non-vested at end of year
486,135
$2.53
315,292
$2.26

Questions:
question: What is the change in the number of shares granted between 2018 and 2019?
answer: 53113
derivation: 253,113 - 200,000 
question: What is the average shares vested between 2018 and 2019?
answer: 202845
derivation: (82,270 + 323,420)/2
text: The provision for income taxes consisted of the following
text: (in thousands)

Table:
Years Ended December 31,
31,
2019
2018
2017
Current provision for income taxes:
State
$49
$44
$48
Foreign
1,716
953
1,023
Total current
1,765
997
1,071
Deferred tax expense (benefit):
Federal
3
(13)
26
Foreign
(361)
98
109
Total deferred
(358)
85
135
Provision for income taxes
$1,407
$1,082
$1,206

Questions:
question: What is the total provision for income taxes between 2017 to 2019?
answer: 3695
derivation: $1,407 + $1,082 + $1,206
scale: thousand
question: What is the change in the current provision for income taxes at the state level between 2018 and 2019?
answer: 11.36
derivation: (49-44)/44 
scale: percent
question: What is the total federal tax expense between 2017 to 2019?
answer: 16
derivation: 3 + (13) + 26
text: General and administrative expenses consist primarily of payroll and payroll related benefits expenses, related overhead, audit fees, other professional fees, contract labour and consulting expenses and public company costs.
text: General and administrative expenses increased by $2.7 million during the year ended June 30, 2019 as compared to the prior fiscal year. This was primarily due to an increase in payroll and payroll-related benefits of $4.1 million and an increase in other miscellaneous expenses of $2.2 million, which includes professional fees such as legal, audit and tax related expenses. These were partially offset by a reduction in the use of facility and related expenses of $4.5 million. The remainder of the change was attributable to other activities associated with normal growth in our business operations. Overall, general and administrative expenses, as a percentage of total revenue, remained at approximately 7%.
text: Our general and administrative labour resources increased by 119 employees, from 1,501 employees at June 30, 2018 to 1,620 employees at June 30, 2019.

Table:
Change between Fiscal increase (decrease)
(In thousands)
2019 and 2018
2018 and 2017
Payroll and payroll-related benefits
$4,089
$22,908
Contract labour and consulting
(618)
(1,054)
Share-based compensation
768
(1,709)
Travel and communication
794
80
Facilities
(4,537)
5,777
Other miscellaneous
2,186
8,872
Total change in general and administrative expenses
$2,682
$34,874

Questions:
question: What is the Total change in general and administrative expenses from Fiscal year 2017 to 2019?
answer: 37556
derivation: 2,682+34,874
scale: thousand
question: What is the average annual Total change in general and administrative expenses for fiscal year 2017 to 2019? 
answer: 18778
derivation: (2,682+34,874)/2
scale: thousand
question: What is the difference in the increase of Travel and communication expense in fiscal years 2019 and 2018 as compared to 2018 and 2017? 
answer: 714
derivation: 794-80
scale: thousand
text: In 2019, gross margin decreased by 130 basis points to 38.7% from 40.0% in the full year 2018 mainly due to normal price pressure and increased unsaturation charges, partially offset by improved manufacturing efficiencies, better product mix, and favorable currency effects, net of hedging. Unused capacity charges in 2019 were $65 million, impacting full year gross margin by 70 basis points.
text: In 2018, gross margin improved by 80 basis points to 40.0% from 39.2% in the full year 2017 benefiting from manufacturing efficiencies and better product mix, partially offset by normal price pressure and unfavorable currency effects, net of hedging. In 2018 unused capacity charges were negligible.

Table:
Year Ended December 31,
Year Ended December 31,
Year Ended December 31,
Variation
Variation
2019
2018
2017
2019 vs 2018
2018 vs 2017
(In millions)
(In millions)
(In millions)
Cost of sales
$(5,860)
$(5,803)
$(5,075)
1.0%
(14.3)%
Gross profit
$3,696
$3,861
$3,272
(4.3)%
18.0%
Gross margin (as percentage of net revenues)
38.7%
40.0%
39.2%
-130 bps
+80 bps

Questions:
question: What is the average Cost of sales?
answer: 5579.33
derivation: (5,860+5,803+5,075) / 3
scale: million
question: What is the average Gross profit?
answer: 3609.67
derivation: (3,696+3,861+3,272) / 3
scale: million
question: What is the average Gross margin (as percentage of net revenues)?
answer: 39.3
derivation: (38.7+40.0+39.2) / 3
scale: percent