tokbokki/tatqa_dataset_filter huggingface dataset:
text: Item 6. Selected Financial Data
text: Five-Year Financial Summary in millions, except per share data (Fiscal years ended June 30,)
text: (a) Fiscal year 2019 included $1.2 million of acquisition-related costs related to LPW Technology Ltd. See Note 4 in the Notes to the Consolidated Financial Statements included in Item 8. “Financial Statements and Supplementary Data” of this report.
text: (b) Fiscal year 2018 included $68.3 million of discrete income tax net benefits related to the U.S. tax reform and other legislative changes. See Note 17 in the Notes to the Consolidated Financial Statements included in Item 8. “Financial Statements and Supplementary Data” of this report.
text: (c) Fiscal year 2017 included $3.2 million of loss on divestiture of business. See Note 4 in the Notes to the Consolidated Financial Statements included in Item 8. "Financial Statements and Supplementary Data" of this report.
text: (d) Fiscal year 2016 included $22.5 million of excess inventory write-down charges, $12.5 million of goodwill impairment charges and $18.0 million of restructuring and impairment charges including $7.6 million of impairment of intangible assets and property, plant and equipment and $10.4 million of restructuring costs related primarily to an early retirement incentive and other severance related costs.
text: (e) Fiscal year 2015 included $29.1 million of restructuring costs related principally to workforce reduction, facility closures and write-down of certain assets.
text: (f) The weighted average common shares outstanding for fiscal years 2016 and 2015 included 5.5 million and 0.9 million less shares, respectively, related to the share repurchase program authorized in October 2014. During the fiscal years ended June 30, 2016 and 2015, we repurchased 3,762,200 shares and 2,995,272 shares, respectively, of common stock for $123.9 million and $124.5 million, respectively.
text: See Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” for discussion of factors that affect the comparability of the “Selected Financial Data”.

Table:
2019 (a)
2018(b)
2017(c)
2016(d)(f)
2015 (e)(f)
Summary of Operations:
Net sales
$2,380.2
$2,157.7
$1,797.6
$1,813.4
$2,226.7
Operating income
$241.4
$189.3
$121.5
$70.8
$119.3
Net income
$167.0
$188.5
$47.0
$11.3
$58.7
Financial Position at Year-End:
Cash and cash equivalents
$27.0
$56.2
$66.3
$82.0
$70.0
Total assets
$3,187.8
$3,007.0
$2,878.1
$2,794.3
$2,902.6
Long-term debt, net of current portion
$550.6
$545.7
$550.0
$611.3
$603.8
Per Common Share:
Net earnings:
Basic
$3.46
$3.96
$0.99
$0.23
$1.11
Diluted
$3.43
$3.92
$0.99
$0.23
$1.11
Cash dividend-common
$0.80
$0.72
$0.72
$0.72
$0.72
Weighted Average Common Shares outstanding:
Basic
47.7
47.2
47.0
48.1
52.6
Diluted
48.1
47.6
47.1
48.2
52.7

Questions:
text: 4. Debt, Capital Lease Obligations and Other Financing
text: Debt and capital lease obligations as of September 28, 2019 and September 29, 2018, consisted of the following (in thousands):
text: On June 15, 2018, the Company entered into a Note Purchase Agreement (the “2018 NPA”) pursuant to which it issued an aggregate of$ 150.0 million in principal amount of unsecured senior notes, consisting of $100.0 million in principal amount of 4.05% Series A Senior Notes, due on June 15, 2025, and $50.0 million in principal amount of 4.22% Series B Senior Notes, due on June 15, 2028 (collectively, the “2018 Notes”), in a private placement. The 2018 NPA includes customary operational and financial covenants with which the Company is required to comply, including, among others, maintenance of certain financial ratios such as a total leverage ratio and a minimum interest coverage ratio. The 2018 Notes may be prepaid in whole or in part at any time, subject to payment of a makewhole amount; interest on the 2018 Notes is payable semiannually. At September 28, 2019, the Company was in compliance with the covenants under the 2018 NPA.
text: In connection with the issuance of the 2018 Notes, on June 15, 2018, the Company repaid, on maturity $175.0 million in principal amount of its previous 5.20% Senior Notes.
text: On May 15, 2019, the Company refinanced its then-existing senior unsecured revolving credit facility (the "Prior Credit Facility") by entering into a new5 -year senior unsecured revolving credit facility (collectively with the Prior Credit Facility, referred to as the "Credit Facility"), which expanded the maximum commitment from $300.0 million to $350.0 million and extended the maturity from July 5, 2021 to May 15, 2024. The maximum commitment under the Credit Facility may be further increased to $600.0 million, generally by mutual agreement of the Company and the lenders, subject to certain customary conditions. During fiscal 2019, the highest daily borrowing was $250.0 million; the average daily borrowings were $140.7 million. The Company borrowed $1,084.5 million and repaid $989.5 million of revolving borrowings under the Credit Facility during fiscal 2019. The Company was in compliance with all financial covenants relating to the Credit Agreement, which are generally consistent with those in the 2018 NPA discussed above. The Company is required to pay a commitment fee on the daily unused revolver credit commitment based on the Company's leverage ratio; the fee was 0.125% as of September 28, 2019.

Table:
2019
2018
4.05% Senior Notes, due June 15, 2025
$100,000
$100,000
4.22% Senior Notes, due June 15, 2028 
50,000
50,000
Borrowings under the credit facility
95,000
—
Capital lease and other financing obligations
44,492
39,857
Unamortized deferred financing fees
(1,512)
(1,240)
Total obligations
287,980
188,617
Less: current portion 
(100,702)
(5,532)
Long-term debt and capital lease obligations, net of current portion
187,278
183,085

Questions:
text: Fees Billed by Ernst & Young LLP
text: The table below shows the fees billed by EY for audit and other services provided to the Company in fiscal years 2019 and 2018.
text: Figure 48. FY2019/2018 Fees Billed by Ernst & Young LLP
text: (1) Audit Fees represent fees for professional services provided in connection with the audits of annual financial statements. Audit Fees also include reviews of quarterly financial statements, audit services related to other statutory or regulatory filings or engagements, and fees related to EY’s audit of the effectiveness of the Company’s internal control over financial reporting pursuant to section 404 of the Sarbanes-Oxley Act.
text: (2) Audit-Related Fees represent fees for assurance and related services that are reasonably related to the audit or review of the Company’s financial statements and are not reported above under “Audit Fees”. These fees principally include due diligence and accounting consultation fees in connection with our acquisition of Coventor, Inc. in 2018 and an information systems audit in 2019.
text: (3) Tax Fees represent fees for professional services for tax planning, tax compliance and review services related to foreign tax compliance and assistance with tax audits and appeals.
text: The audit committee reviewed summaries of the services provided by EY and the related fees during fiscal year 2019 and has determined that the provision of non-audit services was compatible with maintaining the independence of EY as the Company’s independent registered public accounting firm. The audit committee or its delegate approved 100% of the services and related fee amounts for services provided by EY during fiscal year 2019.

Table:
Fiscal Year 2019 ($)
Fiscal Year 2018 ($)
AuditFees(1)
4,703,830
4,605,495
Audit-RelatedFees(2)
27,000
90,500
TaxFees(3)
194,170
34,888
AllOtherFees
—
—
TOTAL
4,925,000
4,730,883

Questions:
question: What is the percentage change in the audit fees from 2018 to 2019?
answer: 2.14
derivation: (4,703,830-4,605,495)/4,605,495
scale: percent
question: What is the percentage change in the audit-related fees from 2018 to 2019?
answer: -70.17
derivation: (27,000-90,500)/90,500
scale: percent
question: What is the percentage change in the total fees from 2018 to 2019?
answer: 4.1
derivation: (4,925,000-4,730,883)/4,730,883
scale: percent
text: The reconciliation of income tax computed at the U.S. federal statutory tax rate to income tax expense is as follows:
text: (1) In 2018, we recorded $3.5 million of tax expense related to foreign earnings which were not permanently reinvested prior to the enactment of the U.S. Tax Act. After enactment, certain foreign earnings are taxed at higher statutory rates than the U.S. which results in $2.1 million of incremental tax expense in 2019. In 2017, we provided for deferred taxes on all cumulative unremitted foreign earnings, as the earnings were no longer considered permanently reinvested resulting in a charge of $9.5 million.

Table:
Years Ended September 30,
2019
2018
2017
(in thousands)
Tax expense at U.S. statutory rate
$ 10,992
$  3,124
$  (3,877)
State income taxes, net of federal tax effect
1,416
(237)
(923)
Nondeductible expenses
1,720
1,186
(185)
Change in reserve for tax contingencies
(1,468)
(1,047)
(4,435)
Change in deferred tax asset valuation allowance
(10,007)
8,784
17,374
Foreign rate differential (1)
2,149
5,684
9,912
Tax credits
(4,767)
(2,656)
(3,459)
Impact of U.S. Tax Reform
—
(7,053)
—
Global Intangible Low-Tax Income
8,182
—
—
Stock Based Compensation
(448)
59
16
Non-controlling interest in equity arrangements
1,802
99
—
Other
1,469
(850)
235
Provision for income taxes
$  11,040
$  7,093
$  14,658

Questions:
question: What is the Tax expense at U.S. statutory rate for 2019?
answer: $ 10,992
scale: thousand
question: In which year was the provision for income taxes the largest?
answer: 2017
derivation: 14,658>11,040>7,093
question: What is the change in nondeductible expenses in 2019 from 2018?
answer: 534
derivation: 1,720-1,186
scale: thousand
question: What is the percentage change in nondeductible expenses in 2019 from 2018?
answer: 45.03
derivation: (1,720-1,186)/1,186
scale: percent
text: Backlog
text: At December 31, 2019 and 2018, our backlog of unfilled orders in our four reportable segments was as follows:
text: Customers may delay delivery of products or cancel orders suddenly and without advanced notice, subject to possible cancellation penalties. Due to possible customer changes in delivery schedules and cancellation of orders, our backlog at any particular date is not necessarily indicative of the actual sales for any succeeding period. Delays in delivery schedules or cancellations of backlog during any particular period could have a material adverse effect on our business, financial condition or results of operations.

Table:
2019
2018
(in millions)
Semiconductor Test
$543.2
$367.5
System Test
206.0
149.5
Wireless Test
42.9
32.0
Industrial Automation
17.9
19.7
$810.0
$568.7

Questions:
question: In which year was Industrial Automation larger?
answer: 2018
derivation: 19.7>17.9
question: What was the change in Wireless Test in 2019 from 2018?
answer: 10.9
derivation: 42.9-32.0
scale: million
question: What was the percentage change in Wireless Test in 2019 from 2018?
answer: 34.06
derivation: (42.9-32.0)/32.0
scale: percent
text: OPERATING COSTS AND ADJUSTED EBITDA
text: Bell Wireline operating costs were essentially stable year over year, decreasing by 0.1% in 2019, compared to 2018, resulting from: • The favourable impact from the adoption of IFRS 16 in 2019 • Continued effective cost containment • Lower pension expenses reflecting reduced DB costs
text: These factors were partly offset by: • Higher cost of goods sold related to the growth in product sales • Increased costs from the acquisition of Axia • Greater payments to other carriers from increased sales of international wholesale long distance minutes
text: Bell Wireline adjusted EBITDA grew by 1.7% in 2019, compared to last year, reflecting the growth in revenues as operating expenses were relatively stable year over year. Adjusted EBITDA margin increased to 43.8% in 2019, compared to the 43.4% achieved last year, resulting from the favourable impact of the adoption of IFRS 16 in 2019 and the flow-through of the service revenue growth, offset in part by higher low-margin product sales in our total revenue base.

Table:
2019
2018
$ CHANGE
% CHANGE
Operating costs
(6,942)
(6,946)
4
0.1%
Adjusted EBITDA
5,414
5,321
93
1.7%
Adjusted EBITDA margin
43.8%
43.4%
0.4 pts

Questions:
question: What is the % change in operating costs from 2018 to 2019?
answer: 0.1%
question: What is the % change in the adjusted EBITDA margin from 2018 to 2019?
answer: 0.4 pts
question: What is the sum of the adjusted EBITDA in 2018 and 2019?
answer: 10735
derivation: 5,414+5,321
question: What is the sum of the operating costs in 2018 and 2019?
answer: -13888
derivation: -6,942+-6,946
question: What is the percentage of the 2019 adjusted EBITDA over the sum of the adjusted EBITDA in 2018 and 2019? 
answer: 50.43
derivation: 5,414/(5,414+5,321)
scale: percent
text: At December 31, 2019, the Company’s net operating losses and credit carryforwards are:
text: (1) Excludes federal and state net operating losses of $60.2 million and $0.8 million, respectively, from prior acquisitions that the Company expects will expire unutilized
text: (2) Excludes federal and state tax credits of $0.1 million and $8.3 million, respectively, that the Company expects will expire unutilized
text: Carryforward losses and credits expire between 2020 and 2038, except for the 2019 federal net operating loss of $43.9 million and $1 million of state credits, which both have unlimited carryforward periods.
text: The Company’s India subsidiary is primarily located in Special Economic Zones (“SEZs”) and is entitled to a tax holiday in India. The tax holiday reduces or eliminates income tax in India. The tax holiday in the Hyderabad SEZ is scheduled to expire in 2024. The tax holiday in the Bangalore SEZ is scheduled to expire in 2022. For 2019, 2018 and 2017, the income tax holiday reduced the Company’s provision for income taxes by $1.9 million, $1.3 million, and $1 million, respectively.

Table:
(in thousands)
Federal
State
Net operating losses (1)
$120,722
$3,337
Net operating losses due to acquisitions (1)
$76,827
$778
Credit carryforwards (2)
$8,202
$1,958
Credit carryforwards due to acquisitions
$640
$227

Questions:
question: What is the difference between the company's federal and state net operating losses?
answer: 117385
derivation: 120,722 - 3,337 
scale: thousand
question: What is the total federal and state credit carryforwards?
answer: 10160
derivation: 1,958 + 8,202 
scale: thousand
question: What is the average federal and state credit carryforwards due to acquisitions?
answer: 433.5
derivation: (640 + 227)/2 
scale: thousand
text: 1. Sales revenues
text: Commencing with financial year 2018/19, METRO has been applying IFRS 15 (Revenue from Contracts with Customers). The sales revenues reported for the current financial year relate exclusively to revenues from contracts with customers.
text: Sales revenues are allocated to the following categories:

Table:
€ million
2017/2018
2018/2019
Store-based and other business
22,585
22,487
METRO Germany
4,128
4,075
METRO Western Europe (excl. Germany)
8,904
8,885
METRO Russia
2,550
2,406
METRO Eastern Europe (excl. Russia)
5,893
5,986
METRO Asia
1,074
1,097
Others
35
38
Delivery sales
4,207
4,595
METRO Germany
633
660
METRO Western Europe (excl. Germany)
1,704
1,867
METRO Russia
265
257
METRO Eastern Europe (excl. Russia)
1,059
1,205
METRO Asia
538
599
Others
7
7
Total sales
26,792
27,082
METRO Germany
4,761
4,735
METRO Western Europe (excl. Germany)
10,609
10,752
METRO Russia
2,815
2,662
METRO Eastern Europe (excl. Russia)
6,952
7,191
METRO Asia
1,612
1,696
Others
43
46

Questions:
question: In which year was the Total sales larger?
answer: 2018/2019
derivation: 27,082>26,792
question: What was the change in Delivery sales in 2018/2019 from 2017/2018?
answer: 388
derivation: 4,595-4,207
scale: million
question: What was the percentage change in Delivery sales in 2018/2019 from 2017/2018?
answer: 9.22
derivation: (4,595-4,207)/4,207
scale: percent
text: Note 7 – Equipment, Leasehold Improvements and Software
text: Equipment, leasehold improvements and software as of December 27, 2019 and December 28, 2018 consisted of the following:
text: Construction-in-process at December 27, 2019 related primarily to the implementation of the Company’s Enterprise Resource Planning (“ERP”) system and at December 28, 2018 related primarily to the implementation of the Company’s ERP system and the buildout of the Company’s headquarters in Ridgefield, CT. The buildout of the Company’s headquarters was completed during fiscal 2019. The rollout of its ERP system will continue through fiscal 2020. The net book value of equipment financed under finance leases at December 27, 2019 and December 28, 2018 was $3,905 and $388, respectively. No interest expense was capitalized during the fiscal years ended December 27, 2019, December 28, 2018 and December 29, 2017.

Table:
Useful Lives
December 27, 2019 
December 28, 2018
Land
Indefinite
$1,170
$1,170
Buildings
20 years
1,360
1,292
Machinery and equipment
5-10 years
21,718
17,837
Computers, data processing and other equipment
3-7 years
12,686
11,244
Software
3-7 years
29,305
22,779
Leasehold improvements
1-40 years
70,903
60,565
Furniture and fixtures
7 years
3,309
3,268
Vehicles
5-7 years
6,410
2,769
Other
7 years
95
95
Construction-in-process   
9,200
15,757
156,156
136,776
Less: accumulated depreciation and amortization   
(63,310)
(51,500)
Equipment, leasehold improvements and software, net
$92,846
$85,276

Questions:
question: What is the useful lives of buildings?
answer: 20 years
question: What is the useful lives of Machinery and equipment?
answer: 5-10 years
question: What is the useful lives of Computers, data processing and other equipment?
answer: 3-7 years
question: What is the difference in useful lives between buildings and that of Furniture and fixtures?
answer: 13
derivation: 20-7
question: What is the average value of vehicles for 2018 and 2019?
answer: 4589.5
derivation: (6,410+2,769)/2
question: What is the average value of buildings for 2018 and 2019?
answer: 1326
derivation: (1,360+ 1,292)/2
text: The Company evaluates these assumptions on a periodic basis taking into consideration current market conditions and historical market data. The discount rate is used to calculate expected future cash flows at a present value on the measurement date, which is December 31. This rate represents the market rate for high-quality fixed income investments. A lower discount rate would increase the present value of benefit obligations. Other assumptions include demographic factors such as retirement, mortality and turnover.
text: The following table provides information about the net periodic benefit cost and other accumulated comprehensive income for the Pension Plans (in thousands):
text: In March 2017, the FASB issued ASU 2017-07, Compensation – Retirement Benefits (Topic 715) – Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost (“ASU 2017-07”). These amendments require that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net periodic benefit cost are required to be presented in the income statement separately from the service cost component outside of a subtotal of income from operations. If a separate line item is not used, the line items used in the income statement to present other components of net benefit cost must be disclosed. These amendments are effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods. These amendments were applied retrospectively for the presentation of the service cost component and the other components of net periodic pension cost and net periodic postretirement benefit cost in the income statement and prospectively, on and after the effective date, for the capitalization of the service cost component of net periodic pension cost and net periodic postretirement benefit in assets. The amendments allow a practical expedient that permits an employer to use the amounts disclosed in its pension and other postretirement benefit plan note for the prior comparative periods as the estimation basis for applying the retrospective presentation requirements.

Table:
Years Ended December 31,
2019
2018
2017
Service cost
$405
$448
$443
Interest cost
254
196
194
Recognized actuarial (gains)
(86)
(58)
(43)
Net periodic benefit cost
573
586
594
Unrealized net actuarial (gains), net of tax
(2,324)
(2,256)
(1,574)
Total amount recognized in net periodic benefit cost and accumulated other comprehensive income (loss)
$(1,751)
$(1,670)
$(980)

Questions:
question: What was the percentage change in interest cost in 2019 from 2018?
answer: 29.59
derivation: (254-196)/196
scale: percent
text: LIQUIDITY AND CAPITAL RESOURCES
text: The Company’s cash and cash equivalents increased to $93,628 at June 30, 2019 from $31,440 at June 30, 2018. Cash at the end of fiscal 2018 was lower due primarily to the acquisition of Ensenta and higher repayment of debt in fiscal 2018.
text: The following table summarizes net cash from operating activities in the statement of cash flows:
text: Cash provided by operating activities increased 5% compared to fiscal 2018. Cash from operations is primarily used to repay debt, pay dividends and repurchase stock, and for capital expenditures.

Table:
Year Ended
June 30
2019
2018
Net income
$271,885
$365,034
Non-cash expenses
180,987
87,906
Change in receivables
(11,777)
21,489
Change in deferred revenue
23,656
1,255
Change in other assets and liabilities
(33,623)
(63,542)
Net cash provided by operating activities
$431,128
$412,142

Questions:
question: What is the net income in 2018 and 2019 respectively?
answer: $365,034
$271,885
question: What is the non-cash expenses in 2018 and 2019 respectively?
answer: 87,906
180,987
question: What is the average net income for 2018 and 2019?
answer: 318459.5
derivation: ($271,885+$365,034)/2
question: What is the average net cash provided by operating activities for 2018 and 2019?
answer: 421635
derivation: ($431,128+$412,142)/2
text: INCOME TAX EXPENSE
text: Below is a summary of the difference between income tax expense computed by applying the statutory income tax rate to income before income tax expense and the actual income tax expense for the year.
text: Our effective income tax rate this year was 25.8% compared to 26.9% for 2018. The effective income tax rate for 2019 was lower than the statutory tax rate primarily as a result of a reduction to the Alberta corporate income tax rate over a four-year period.

Table:
(In millions of dollars, except tax rates)
Years ended December 31
2019
2018
%Chg
Adjusted EBITDA 1
6,212
5,983
4
Deduct (add):
Depreciation and amortization
2,488
2,211
13
Gain on disposition of property, plant and equipment
-
(16)
(100)
Restructuring, acquisition and other
139
210
(34)
Finance costs
840
793
6
Other income
(10)
(32)
(69)
Income tax expense
712
758
(6)
Net income
2,043
2,059
(1)

Questions:
question: What was the increase / (decrease) in Adjusted EBITDA from 2018 to 2019?
answer: 229
derivation: 6,212 - 5,983
scale: million
question: What was the average Depreciation and amortization?
answer: 2349.5
derivation: (2,488 + 2,211) / 2
scale: million
question: What was the increase / (decrease) in Finance cost from 2018 to 2019?
answer: 47
derivation: 840 - 793
scale: million