tokbokki/tatqa_dataset_filter huggingface dataset:
text: Adjusted Return on Invested Capital (Adjusted RoIC): TORM defines Adjusted RoIC as earnings before interest and tax (EBIT) less tax and impairment losses and reversals, divided by the average invested capital less average impairment for the period. Invested capital is defined below.
text: The Adjusted RoIC expresses the returns generated on capital invested in the Group adjusted for impacts related to the impairment of the fleet. The progression of RoIC is used by TORM to measure progress against our longer-term value creation goals outlined to investors. Adjusted RoIC is calculated as follows:
text: ¹⁾ Average invested capital is calculated as the average of the opening and closing balance of invested capital.
text: ²⁾ Average impairment is calculated as the average of the opening and closing balances of impairment charges on vessels and goodwill in the balance sheet.

Table:
USDm
2019
2018
2017
EBIT less Tax
205.1
1.2
38.8
Impairment reversal
-120.0
-
-
EBIT less tax and impairment
85.1
1.2
38.8
Average invested capital¹⁾
1,627.7
1,437.7
1,396.9
Average impairment ²⁾
98.2
185.0
185.0
Average invested capital less average impairment
1,725.9
1,622.7
1,581.9
Adjusted RoIC
4.9%
0.1%
2.4%

Questions:
question: In which year was the Average invested capital less average impairment the largest?
answer: 2019
derivation: 1,725.9>1,622.7>1,581.9
question: What was the change in the Average invested capital less average impairment in 2019 from 2018?
answer: 103.2
derivation: 1,725.9-1,622.7
scale: million
question: What was the percentage change in the Average invested capital less average impairment in 2019 from 2018?
answer: 6.36
derivation: (1,725.9-1,622.7)/1,622.7
scale: percent
text: Deferred income taxes reflect the net tax effects of temporary differences between the bases of assets and liabilities for financial reporting and income tax purposes as well as carryforwards. Deferred tax assets and liabilities consist of the following:
text: We assess positive and negative evidence for each jurisdiction to determine whether it is more likely than not that existing deferred tax assets will be realized. As of August 29, 2019, and August 30, 2018, we had a valuation allowance of $277 million and $228 million, respectively, against our net deferred tax assets, primarily related to net operating loss carryforwards in Japan. Changes in 2019 in the valuation allowance were due to adjustments based on management's assessment of tax credits and net operating losses that are more likely than not to be realized.

Table:
As of
2019
2018
Deferred tax assets
Net operating loss and tax credit carryforwards
$1,045
$1,417
Accrued salaries, wages, and benefits
122
163
Property, plant, and equipment
80
—
Other
110
115
Gross deferred tax assets
1,357
1,695
Less valuation allowance
(277)
(228)
Deferred tax assets, net of valuation allowance
1,080
1,467
Deferred tax liabilities
Product and process technology
(138)
(62)
Property, plant, and equipment
—
(173)
Other
(109)
(213)
Deferred tax liabilities
(247)
(448)
Net deferred tax assets
$833
$1,019
Reported as
Deferred tax assets
$837
$1,022
Deferred tax liabilities (included in other noncurrent liabilities)
(4)
(3)
Net deferred tax assets
$833
$1,019

Questions:
question: What is the percentage change in the amount of net deferred tax assets from 2018 to 2019?
answer: -18.25
derivation: ($833-$1,019)/1,019 
scale: percent
question: What is the ratio of the amount of net deferred tax liabilities in 2018 over 2019?
answer: 1.81
derivation: -448/-247
text: The 2019 operating expenses increased 3.9% compared to the prior year, mainly due to salary dynamic, increased spending in certain R&D programs and higher share-based compensation cost, partially offset by favorable currency effects, net of hedging.
text: The 2018 operating expenses increased 9.5% compared to the prior year, mainly due to unfavorable currency effects, net of hedging, salary dynamic, increased R&D activities and higher costs of the share-based compensation plans.
text: The R&D expenses were net of research tax credits in France and Italy, which amounted to $126 million in 2019, $138 million in 2018 and $124 million in 2017.

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)
Selling, general and administrative expenses
$(1,093)
$(1,095)
$(981)
0.3%
(11.7)%
Research and development expenses
(1,498)
(1,398)
(1,296)
(7.1)
(7.9)
Total operating expenses
$(2,591)
$(2,493)
$(2,277)
(3.9)%
(9.5)%
As percentage of net revenues
(27.1)%
(25.8)%
(27.3)%
-130 bps
+150 bps

Questions:
question: What is the average Selling, general and administrative expenses?
answer: 1056.33
derivation: (1,093+1,095+981) / 3
scale: million
question: What is the average Research and development expenses?
answer: 1397.33
derivation: (1,498+1,398+1,296) / 3
scale: million
question: What is the increase/ (decrease) in total operating expenses as percentage of net revenues from 2017 to 2019?
answer: -0.2
derivation: 27.1-27.3
scale: percent
text: Fiscal 2017 acquisitions
text: On August 1, 2016, we acquired all of the outstanding common stock of Blue Coat, Inc. (Blue Coat), a provider of advanced web security solutions for global enterprises and governments. The addition of Blue Coat’s suite of network and cloud security products to our innovative Enterprise Security product portfolio has enhanced our threat protection and information protection products while providing us with complementary products, such as advanced web and cloud security solutions, that address the network and cloud security needs of enterprises.
text: On February 9, 2017, we completed the acquisition of LifeLock, Inc. (LifeLock) a provider of proactive identity theft protection services for consumers and consumer risk management services for enterprises. LifeLock’s services are provided on a monthly or annual subscription basis and provide identification and notification of identity-related and other events and assist users in remediating their impact.
text: The total consideration for the acquisitions, net of cash acquired, consisted of the following:

Table:
(In millions)
Blue Coat
LifeLock
Total
Goodwill
$4,084
$1,397
$5,481
Intangible assets
1,608
1,247
2,855
Net liabilities assumed
(1,019)
(361)
(1,380)
Total purchase price
$4,673
$2,283
$6,956

Questions:
question: What is the total purchase price for Blue coat?
answer: $4,673
scale: million
question: What is the difference in Total purchase price between Blue Coat and LifeLock?
answer: 2390
derivation: 4,673-2,283
scale: million
question: What is the Goodwill for Blue Coat expressed as a percentage of Total purchase price?
answer: 87.4
derivation: 4,084/4,673
scale: percent
question: What is the Goodwill for LifeLock expressed as a percentage of Total purchase price?
answer: 61.19
derivation: 1,397/2,283
scale: percent
text: The following is a reconciliation of the beginning and ending amounts of unrecognized income tax benefits (in thousands):
text: The amount of unrecognized tax benefits that, if recognized, would impact the effective tax rate is $ 1.5 million and $4.6 million for the fiscal years ended September 28, 2019 and September 29, 2018, respectively.
text: The Company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense. The total accrued penalties and net accrued interest with respect to income taxes was approximately $0.2 million for each of the fiscal years ended September 28, 2019, September 29, 2018 and September 30, 2017. The Company recognized less than $0.1 million of expense for accrued penalties and net accrued interest in the Consolidated Statements of Comprehensive Income for each of the fiscal years ended September 28, 2019, September 29, 2018 and September 30, 2017.

Table:
2019
2018
2017
Balance at beginning of fiscal year 
$5,841
$3,115
$2,799
Gross increases for tax positions of prior years
62
21
184
Gross increases for tax positions of the current year
39
2,893
163
Gross decreases for tax positions of prior years 
(3,672)
(188)
(31)
Balance at end of fiscal year
2,270
5,841
3,115

Questions:
text: FAIR VALUE
text: Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
text: Certain fair value estimates are affected by assumptions we make about the amount and timing of future cash flows and discount rates, all of which reflect varying degrees of risk. Income taxes and other expenses that would be incurred on disposition of financial instruments are not reflected in the fair values. As a result, the fair values are not the net amounts that would be realized if these instruments were settled.
text: The carrying values of our cash and cash equivalents, trade and other receivables, dividends payable, trade payables and accruals, compensation payable, severance and other costs payable, interest payable, notes payable and loans secured by trade receivables approximate fair value as they are short-term.
text: The following table provides the fair value details of financial instruments measured at amortized cost in the statements of financial position.
text: (1) Upon adoption of IFRS 16 on January 1, 2019, fair value disclosures are no longer required for leases

Table:
DECEMBER 31, 2019
DECEMBER 31, 2018
CLASSIFICATION
FAIR VALUE METHODOLOGY
CARRYING VALUE
FAIR VALUE
CARRYING VALUE
FAIR VALUE
CRTC tangible benefits obligation
Trade payables and other liabilities and other non-current liabilities
Present value of estimated future cash flows discounted using observable market interest rates
29
29
61
61
CRTC deferral account obligation
Trade payables and other liabilities and other non-current liabilities
Present value of estimated future cash flows discounted using observable market interest rates
82
85
108
112
Debt securities and other debt
Debt due within one year and long-term debt
Quoted market price of debt
18,653
20,905
18,188
19,178
Finance leases (1)
Debt due within one year and long-term debt
Present value of future cash flows discounted using observable market interest rates
-
-
2,097
2,304

Questions:
question: What is the fair value methodology for debt securities and other debt?
answer: Quoted market price of debt
question: What is the percentage change in carrying values for CRTC deferral account obligation in 2019?
answer: -24.07
derivation: (82-108)/108
scale: percent
question: What is the percentage change in fair values for CRTC tangible benefits obligation in 2019?
answer: -52.46
derivation: (29-61)/61
scale: percent
question: What is the sum of carrying values in 2019?
answer: 18764
derivation: 29+82+18,653
text: AMERICAN TOWER CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular amounts in millions, unless otherwise disclosed)
text: At December 31, 2019, the Company had net federal, state and foreign operating loss carryforwards available to reduce future taxable income. If not utilized, the Company’s NOLs expire as follows:

Table:
Years ended December 31,
Federal
State
Foreign
2020 to 2024
$—
$222.3
$11.9
2025 to 2029
141.6
285.7
104.8
2030 to 2034
7.0
41.4
19.6
2035 to 2039
3.6
159.5
—
Indefinite carryforward
22.8
—
853.8
Total
$175.0
$708.9
$990.1

Questions:
text: Commitments and Significant Contractual Obligations
text: The following table summarizes our contractual obligations and commercial commitments at December 27, 2019:
text: (1) Interest on our various outstanding debt instruments is included in the above table, except for our Term Loan and ABL, which have floating interest rates. At December 27, 2019, we had borrowings of $238.1 million under our Term Loan and zero under our ABL. During the fiscal year ended December 27, 2019, the weighted average interest rate on our Term Loan was approximately 5.8% and we incurred interest expense of approximately $13.9 million. During the fiscal year ended December 27, 2019, the weighted average interest rate on our ABL borrowings was approximately 3.7% and we incurred interest expense of approximately $1.6 million. See Note 9 “Debt Obligations” to our consolidated financial statements for further information on our debt instruments.
text: (2) The table above excludes cash to be paid for income taxes, $14.7 million of total contingent earn-out liabilities related to certain acquisitions as of December 27, 2019 and approximately $5.3 million of lease payments related to long-term leases for several vehicles and a distribution and processing facility that do not commence until fiscal 2020.
text: We had outstanding letters of credit of approximately $16.6 million and $15.8 million at December 27, 2019 and December 28, 2018, respectively. Substantially all of our assets are pledged as collateral to secure our borrowings under our credit facilities.

Table:
Payments Due by Period (1, 2)
Total 
Less than One Year
1-3 Years
4-5 Years
Thereafter
(In thousands)
Inventory purchase commitments
$53,413
$53,413
$—
$—
$—
Indebtedness
$406,644
$2,993
$244,151
$159,500
$—
Finance lease obligations 
$4,597
$880
$1,715
$1,392
$610
Pension exit liabilities 
$2,169
$149
$329
$375
$1,316
Long-term operating leases 
$197,359
$25,662
$43,130
$30,080
$98,487
Total 
$664,182
$83,097
$289,325
$191,347
$100,413

Questions:
question: What is the total Inventory purchase commitments for all periods?
answer: $53,413
scale: thousand
question: What is the total Indebtedness for all periods?
answer: $406,644
scale: thousand
question: What is the difference in the total Indebtedness and total Inventory purchase commitments for all periods?
answer: 353231
derivation: 406,644-53,413
scale: thousand
text: During the year ended December 31, 2019, the Company completed a reorganization of certain of its foreign subsidiaries that resulted in the derecognition of the related deferred tax assets for net operating losses which were subject to a valuation allowance. As a result, the Company reduced both its net operating loss deferred tax assets and valuation allowance by approximately $19.7 million.
text: The Company accrued $2.7 million as of both December 31, 2019 and 2018, excluding penalties and interest, for the liability for unrecognized tax benefits, which was included in “Long-term income tax liabilities” in the accompanying Consolidated Balance Sheets. Had the Company recognized these tax benefits, approximately $2.7 million, along with the related interest and penalties, would have favorably impacted the effective tax rate in both 2019 and 2018. The Company does not anticipate that any of the unrecognized tax benefits will be recognized in the next twelve months.
text: The Company recognizes interest and penalties related to unrecognized tax benefits in the provision for income taxes. The Company had $1.1 million and $0.6 million accrued for interest and penalties as of December 31, 2019 and 2018, respectively. Of the accrued interest and penalties at December 31, 2019 and 2018, $0.6 million and $0.4 million, respectively, relate to statutory penalties. The amount of interest and penalties, net, included in the provision for income taxes in the accompanying Consolidated Statements of Operations for the years ended December 31, 2019, 2018 and 2017 was $0.4 million, $0.7 million and $(9.5) million, respectively.
text: The tabular reconciliation of the amounts of unrecognized net tax benefits is presented below (in thousands):

Table:
Years Ended December 31,
2019
2018
2017
Balance at the beginning of the period
$2,720
$1,342
$8,531
Current period tax position increases
—
2,950
—
Decreases from settlements with tax authorities
—
(191)
(10,865)
Decreases due to lapse in applicable statute of limitations
—
(1,310)
(466)
Foreign currency translation increases (decreases)
(9)
(71)
4,142
Balance at the end of the period
$2,711
$2,720
$1,342

Questions:
question: In which year was the Balance at the end of the period the largest?
answer: 2018
derivation: 2,720>2,711>1,342
question: What was the percentage change in the Balance at the end of the period in 2019 from 2018?
answer: -0.33
derivation: (2,711-2,720)/2,720
scale: percent
text: In accordance with ASC 740-10, Income Taxes, the Company has adopted the accounting policy that interest and penalties recognized are classified as part of its income taxes
text: The following shows the changes in the gross amount of unrecognized tax benefits as of December 31, 2019 (in thousands):
text: The Company does not anticipate that its total unrecognized tax benefits will significantly change due to settlement of examination or the expiration of statute of limitations during the next 12 months.
text: The Company files U.S. and foreign income tax returns with varying statutes of limitations. Due to the Company’s net carry-over of unused operating losses and tax credits, all years from 2003 forward remain subject to future examination by tax authorities

Table:
2019
2018
2017
Unrecognized tax benefits, beginning of the year
$6,029
$3,004
$2,460
Increases related to prior year tax position
—
1,050
—
Decreases related to prior year tax positions
(48)
—
(3)
Increases related to current year tax positions
2,984
1,975
547
Unrecognized tax benefits, end of year
$8,965
6,029
3,004

Questions:
question: What is the percentage change in the unrecognized tax benefits, beginning of the year between 2017 and 2018?
answer: 22.11
derivation: (3,004 - 2,460)/2,460 
scale: percent
question: What is the percentage change in the unrecognized tax benefits at the beginning of the year between 2018 and 2019?
answer: 100.7
derivation: (6,029 - 3,004)/3,004 
scale: percent
text: Cubic Transportation Systems
text: Sales: CTS sales increased 16% to $670.7 million in 2018 compared to $578.6 million in 2017 and were higher in North America and the U.K., but were slightly lower in Australia. Sales in 2018 were higher in the U.S. primarily due to system development on the New York New Fare Payment System contract, which was awarded in October 2017. Increased work on both development and service contracts, including work on new change orders in London also increased CTS sales for the year. Sales were also positively impacted in the U.K. and Australia due to the impact of exchange rates. The average exchange rates between the prevailing currencies in our foreign operations and the U.S. dollar resulted in an increase in CTS sales of $12.4 million for 2018 compared to 2017, primarily due to the strengthening of the British Pound against the U.S. dollar.
text: Amortization of Purchased Intangibles: Amortization of purchased intangibles included in the CTS operating results totaled $5.2 million in 2018 and $5.7 million in 2017.
text: Operating Income: CTS operating income increased 52% in 2018 to $60.4 million compared to $39.8 million in 2017. For 2018, operating income was higher from increased volumes of system development work and services, including work on new projects and change orders, primarily in North America and the U.K. Operating income was also higher due to operational efficiencies and reductions in R&D spending. R&D expenses for CTS in 2017 included $6.4 million of system development expenses related to our anticipated contract with the New York Metropolitan Transit Authority that was awarded in early fiscal 2018; such expenses incurred in 2018 on this contract are classified as cost of sales. During the first quarter of fiscal year 2018 CTS implemented our new enterprise resource planning (ERP) system, and as a result began depreciating the cost of certain capitalized software into its operating results. This resulted in a decrease in operating income of $4.2 million between fiscal 2017 and fiscal 2018. The average exchange rates between the prevailing currency in our foreign operations and the U.S. dollar resulted in an increase in CTS operating income of $2.2 million for 2018 compared to 2017.
text: Adjusted EBITDA: CTS Adjusted EBITDA increased 50% to $73.3 million in 2018 compared to $48.8 million in 2017 primarily due to the same items described in the operating income section above. The increase in Adjusted EBITDA was primarily driven by the same factors that drove the increase in operating income described above excluding the increase in depreciation and decrease in amortization which are excluded from Adjusted EBITDA.

Table:
Fiscal 2018
Fiscal 2017
% Change
(in millions)
Sales
$ 670.7
$  578.6
16 %
Operating income
60.4
39.8
52
Adjusted EBITDA
73.3
48.8
50

Questions:
question: What is the Sales for 2018?
answer: $ 670.7
scale: million
text: Deferred Tax Assets and Valuation Allowance
text: Deferred tax assets reflect the tax effects of net operating losses (“NOLs”), tax credit carryovers, and temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The most significant item of our deferred tax assets is derived from our Federal NOLs. We have approximately $167.8 million gross Federal NOLs at December 31, 2019 (of which approximately $160.2 million was generated prior to January 1, 2018). Because we believe the ability for us to use these NOLs generated prior to January 1, 2018 to offset any future taxable income is severely limited as prescribed under Internal Revenue Code (“IRC”) Section 382, we had estimated and recorded an amount for the likely limitation to our deferred tax asset in the fourth quarter of 2017, thereby reducing the aggregate estimated benefit of the Federal NOLs available to us of approximately $1.0 million at December 31, 2017. We believe the gross Federal NOL benefit we generated prior to January 1, 2018 to offset taxable income is less than $150 thousand annually. As prescribed under Internal Revenue Code, any unused Federal NOL benefit from the annual limitation can be accumulated and carried forward to the subsequent year and will expire if not used in accordance with the NOL carried forward term of 20 years or 2037, if generated before 2018 and Federal NOLs generated after 2017 can be carried forward indefinitely. Future common stock transactions, such as the exercise of common stock purchase warrants or the conversion of debt into common stock, may cause another qualifying event under IRC 382 which may further limit our utilization of our NOLs.
text: The components of our deferred tax assets are as follows (in thousands):
text: The realization of deferred income tax assets is dependent upon future earnings, if any, and the timing and amount of which may be uncertain. A valuation allowance is required against deferred income tax assets if, based on the weight of available evidence, it is more likely than not that some or all of the deferred income tax assets may not be realized. At both December 31, 2019 and 2018, all our remaining net deferred income tax assets were offset by a valuation allowance due to uncertainties with respect to future utilization of NOL carryforwards. If in the future it is determined that additional amounts of our deferred income tax assets would likely be realized, the valuation allowance would be reduced in the period in which such determination is made and an additional benefit from income taxes in such period would be recognized.

Table:
December 31,
2019
2018
Deferred tax assets:
Estimated future value of NOLs
- Federal
$2,622
$2,174
- State
869
862
Research and development tax credits
- Federal
1,207
1,184
- State
8
-
Share-based compensation
72
71
Other, net
177
151
Total deferred taxes
4,955
4,442
Valuation allowance
(4,955)
(4,442)
Net deferred tax assets
$-
$-

Questions: