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Who was the largest customer in 2019, 2018 and 2017?
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Nokia was our largest customer in fiscal 2019, 2018 and 2017. Nokia purchases products directly from us and through contract manufacturers and distributors. Based on information provided to us by its contract manufacturers and our distributors, purchases by Nokia represented approximately 45%, 36% and 41% of our net revenues in fiscal 2019, 2018 and 2017, respectively.
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In which year was Flextronics Technology less than 20.0%?
|
Fiscal Year Ended
March 31,
2019 2018 2017
Contract manufacturers and consignment warehouses:
Flextronics Technology 21.8% 14.0% 10.4%
Sanmina 17.7 16.0 20.4
Distributors:
Avnet Logistics 31.3 35.3 25.5
Nexcomm 14.8 16.1 19.7
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What was the change in the revenues from Sanmina from 2018 to 2019?
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Fiscal Year Ended
March 31,
2019 2018 2017
Contract manufacturers and consignment warehouses:
Flextronics Technology 21.8% 14.0% 10.4%
Sanmina 17.7 16.0 20.4
Distributors:
Avnet Logistics 31.3 35.3 25.5
Nexcomm 14.8 16.1 19.7
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What was the average revenue from Avnet Logistics between 2017-2019?
|
Fiscal Year Ended
March 31,
2019 2018 2017
Contract manufacturers and consignment warehouses:
Flextronics Technology 21.8% 14.0% 10.4%
Sanmina 17.7 16.0 20.4
Distributors:
Avnet Logistics 31.3 35.3 25.5
Nexcomm 14.8 16.1 19.7
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What does "Other" include in the table?
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Personnel-related items comprise accrued management bonuses, accrued vacation days, accrued wage tax, social securities and pension premiums. Deferred revenue consists of the revenue relating to the undelivered elements of the arrangements, see Note 21 for more information. This part of revenue is deferred at their relative selling prices until delivery of these elements. Other includes accruals for VAT, other taxes and invoices to be received for goods and services.
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What does the table show?
|
Accrued expenses and other payables consist of the following:
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What are the components of Accrued expenses and other payables?
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December 31,
2018 2019
Personnel-related items 32,636 45,318
Deferred revenue 28,255 32,146
Financing related items – 3,912
Current portion of lease liabilities – 7,002
Advanced payments from customers 25,382 47,601
Supplier related items 1,828 2,175
Marketing related items 1,049 1,365
R&D projects 1,209 1,109
Other 8,634 9,215
Total accrued expenses and other payables 98,993 149,843
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What is the percentage change in Total accrued expenses and other payables from 2018 to 2019?
|
December 31,
2018 2019
Personnel-related items 32,636 45,318
Deferred revenue 28,255 32,146
Financing related items – 3,912
Current portion of lease liabilities – 7,002
Advanced payments from customers 25,382 47,601
Supplier related items 1,828 2,175
Marketing related items 1,049 1,365
R&D projects 1,209 1,109
Other 8,634 9,215
Total accrued expenses and other payables 98,993 149,843
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What is the change in Personnel-related items from 2018 to 2019?
|
December 31,
2018 2019
Personnel-related items 32,636 45,318
Deferred revenue 28,255 32,146
Financing related items – 3,912
Current portion of lease liabilities – 7,002
Advanced payments from customers 25,382 47,601
Supplier related items 1,828 2,175
Marketing related items 1,049 1,365
R&D projects 1,209 1,109
Other 8,634 9,215
Total accrued expenses and other payables 98,993 149,843
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What is the component that contributes the most to total accrued expenses and other payables?
|
December 31,
2018 2019
Personnel-related items 32,636 45,318
Deferred revenue 28,255 32,146
Financing related items – 3,912
Current portion of lease liabilities – 7,002
Advanced payments from customers 25,382 47,601
Supplier related items 1,828 2,175
Marketing related items 1,049 1,365
R&D projects 1,209 1,109
Other 8,634 9,215
Total accrued expenses and other payables 98,993 149,843
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What are the respective voyage revenues in 2018 and 2019?
|
SELECTED CONSOLIDATED FINANCIAL DATA Year ended December 31,
All figures in thousands of USD except share data 2019 2018 2017 2016 2015
Voyage Revenues 317,220 289,016 297,141 357,451 445,738
Voyage Expenses (141,770) (165,012) (142,465) (125,987) (158,656)
Vessel Operating Expense (66,033) (80,411) (87,663) (80,266) (66,589)
General and Administrative Expenses (13,481) (12,727) (12,575) (12,296) (9,790)
Depreciation Expenses (63,965) (60,695) (100,669) (90,889) (82,610)
Impairment Loss on Vessel - (2,168) (110,480) - -
Impairment Loss on Goodwill - - (18,979) - -
Loss on Disposal of Vessels - (6,619) - - -
Settlement Received - - - 5,328 -
Net Operating (Loss) Income 31,971 (38,616) (175,690) 53,341 128,093
Interest Income 298 334 347 215 114
Interest Expense (38,390) (34,549) (20,464) (11,170) (10,855)
Other Financial (Expense) (4,160) (14,729) (644) (98) (167)
Total Other Expenses (42,252) (48,944) (20,761) (11,053) (10,908)
Income Tax Expense (71) (79) (83) (102) (96)
(Loss) Gain on Equity Method Investment - (7,667) (8,435) (46,642) (2,462)
Net (Loss) Income (10,352) (95,306) (204,969) (4,456) 114,627
Basic Earnings (Loss) per Share (0.07) (0.67) (1.97) (0.05) 1.29
Diluted Earnings (Loss) per Share (0.07) (0.67) (1.97) (0.05) 1.29
Cash Dividends Declared per Share 0.10 0.07 0.53 1.37 1.38
Basic Weighted Average Shares Outstanding 142,571,361 141,969,666 103,832,680 92,531,001 89,182,001
Diluted Weighted Average Shares Outstanding 142,571,361 141,969,666 103,832,680 92,531,001 89,182,001
Market Price per Common Share as of December 31, 4.92 2.00 2.46 8.40 15.54
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What are the respective voyage expenses in 2018 and 2019?
|
SELECTED CONSOLIDATED FINANCIAL DATA Year ended December 31,
All figures in thousands of USD except share data 2019 2018 2017 2016 2015
Voyage Revenues 317,220 289,016 297,141 357,451 445,738
Voyage Expenses (141,770) (165,012) (142,465) (125,987) (158,656)
Vessel Operating Expense (66,033) (80,411) (87,663) (80,266) (66,589)
General and Administrative Expenses (13,481) (12,727) (12,575) (12,296) (9,790)
Depreciation Expenses (63,965) (60,695) (100,669) (90,889) (82,610)
Impairment Loss on Vessel - (2,168) (110,480) - -
Impairment Loss on Goodwill - - (18,979) - -
Loss on Disposal of Vessels - (6,619) - - -
Settlement Received - - - 5,328 -
Net Operating (Loss) Income 31,971 (38,616) (175,690) 53,341 128,093
Interest Income 298 334 347 215 114
Interest Expense (38,390) (34,549) (20,464) (11,170) (10,855)
Other Financial (Expense) (4,160) (14,729) (644) (98) (167)
Total Other Expenses (42,252) (48,944) (20,761) (11,053) (10,908)
Income Tax Expense (71) (79) (83) (102) (96)
(Loss) Gain on Equity Method Investment - (7,667) (8,435) (46,642) (2,462)
Net (Loss) Income (10,352) (95,306) (204,969) (4,456) 114,627
Basic Earnings (Loss) per Share (0.07) (0.67) (1.97) (0.05) 1.29
Diluted Earnings (Loss) per Share (0.07) (0.67) (1.97) (0.05) 1.29
Cash Dividends Declared per Share 0.10 0.07 0.53 1.37 1.38
Basic Weighted Average Shares Outstanding 142,571,361 141,969,666 103,832,680 92,531,001 89,182,001
Diluted Weighted Average Shares Outstanding 142,571,361 141,969,666 103,832,680 92,531,001 89,182,001
Market Price per Common Share as of December 31, 4.92 2.00 2.46 8.40 15.54
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What are the respective vessel operating expense in 2018 and 2019?
|
SELECTED CONSOLIDATED FINANCIAL DATA Year ended December 31,
All figures in thousands of USD except share data 2019 2018 2017 2016 2015
Voyage Revenues 317,220 289,016 297,141 357,451 445,738
Voyage Expenses (141,770) (165,012) (142,465) (125,987) (158,656)
Vessel Operating Expense (66,033) (80,411) (87,663) (80,266) (66,589)
General and Administrative Expenses (13,481) (12,727) (12,575) (12,296) (9,790)
Depreciation Expenses (63,965) (60,695) (100,669) (90,889) (82,610)
Impairment Loss on Vessel - (2,168) (110,480) - -
Impairment Loss on Goodwill - - (18,979) - -
Loss on Disposal of Vessels - (6,619) - - -
Settlement Received - - - 5,328 -
Net Operating (Loss) Income 31,971 (38,616) (175,690) 53,341 128,093
Interest Income 298 334 347 215 114
Interest Expense (38,390) (34,549) (20,464) (11,170) (10,855)
Other Financial (Expense) (4,160) (14,729) (644) (98) (167)
Total Other Expenses (42,252) (48,944) (20,761) (11,053) (10,908)
Income Tax Expense (71) (79) (83) (102) (96)
(Loss) Gain on Equity Method Investment - (7,667) (8,435) (46,642) (2,462)
Net (Loss) Income (10,352) (95,306) (204,969) (4,456) 114,627
Basic Earnings (Loss) per Share (0.07) (0.67) (1.97) (0.05) 1.29
Diluted Earnings (Loss) per Share (0.07) (0.67) (1.97) (0.05) 1.29
Cash Dividends Declared per Share 0.10 0.07 0.53 1.37 1.38
Basic Weighted Average Shares Outstanding 142,571,361 141,969,666 103,832,680 92,531,001 89,182,001
Diluted Weighted Average Shares Outstanding 142,571,361 141,969,666 103,832,680 92,531,001 89,182,001
Market Price per Common Share as of December 31, 4.92 2.00 2.46 8.40 15.54
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What is the average voyage revenue in 2018 and 2019?
|
SELECTED CONSOLIDATED FINANCIAL DATA Year ended December 31,
All figures in thousands of USD except share data 2019 2018 2017 2016 2015
Voyage Revenues 317,220 289,016 297,141 357,451 445,738
Voyage Expenses (141,770) (165,012) (142,465) (125,987) (158,656)
Vessel Operating Expense (66,033) (80,411) (87,663) (80,266) (66,589)
General and Administrative Expenses (13,481) (12,727) (12,575) (12,296) (9,790)
Depreciation Expenses (63,965) (60,695) (100,669) (90,889) (82,610)
Impairment Loss on Vessel - (2,168) (110,480) - -
Impairment Loss on Goodwill - - (18,979) - -
Loss on Disposal of Vessels - (6,619) - - -
Settlement Received - - - 5,328 -
Net Operating (Loss) Income 31,971 (38,616) (175,690) 53,341 128,093
Interest Income 298 334 347 215 114
Interest Expense (38,390) (34,549) (20,464) (11,170) (10,855)
Other Financial (Expense) (4,160) (14,729) (644) (98) (167)
Total Other Expenses (42,252) (48,944) (20,761) (11,053) (10,908)
Income Tax Expense (71) (79) (83) (102) (96)
(Loss) Gain on Equity Method Investment - (7,667) (8,435) (46,642) (2,462)
Net (Loss) Income (10,352) (95,306) (204,969) (4,456) 114,627
Basic Earnings (Loss) per Share (0.07) (0.67) (1.97) (0.05) 1.29
Diluted Earnings (Loss) per Share (0.07) (0.67) (1.97) (0.05) 1.29
Cash Dividends Declared per Share 0.10 0.07 0.53 1.37 1.38
Basic Weighted Average Shares Outstanding 142,571,361 141,969,666 103,832,680 92,531,001 89,182,001
Diluted Weighted Average Shares Outstanding 142,571,361 141,969,666 103,832,680 92,531,001 89,182,001
Market Price per Common Share as of December 31, 4.92 2.00 2.46 8.40 15.54
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What is the value of the voyage expenses in 2019 as a percentage of the voyage revenue in 2019?
|
SELECTED CONSOLIDATED FINANCIAL DATA Year ended December 31,
All figures in thousands of USD except share data 2019 2018 2017 2016 2015
Voyage Revenues 317,220 289,016 297,141 357,451 445,738
Voyage Expenses (141,770) (165,012) (142,465) (125,987) (158,656)
Vessel Operating Expense (66,033) (80,411) (87,663) (80,266) (66,589)
General and Administrative Expenses (13,481) (12,727) (12,575) (12,296) (9,790)
Depreciation Expenses (63,965) (60,695) (100,669) (90,889) (82,610)
Impairment Loss on Vessel - (2,168) (110,480) - -
Impairment Loss on Goodwill - - (18,979) - -
Loss on Disposal of Vessels - (6,619) - - -
Settlement Received - - - 5,328 -
Net Operating (Loss) Income 31,971 (38,616) (175,690) 53,341 128,093
Interest Income 298 334 347 215 114
Interest Expense (38,390) (34,549) (20,464) (11,170) (10,855)
Other Financial (Expense) (4,160) (14,729) (644) (98) (167)
Total Other Expenses (42,252) (48,944) (20,761) (11,053) (10,908)
Income Tax Expense (71) (79) (83) (102) (96)
(Loss) Gain on Equity Method Investment - (7,667) (8,435) (46,642) (2,462)
Net (Loss) Income (10,352) (95,306) (204,969) (4,456) 114,627
Basic Earnings (Loss) per Share (0.07) (0.67) (1.97) (0.05) 1.29
Diluted Earnings (Loss) per Share (0.07) (0.67) (1.97) (0.05) 1.29
Cash Dividends Declared per Share 0.10 0.07 0.53 1.37 1.38
Basic Weighted Average Shares Outstanding 142,571,361 141,969,666 103,832,680 92,531,001 89,182,001
Diluted Weighted Average Shares Outstanding 142,571,361 141,969,666 103,832,680 92,531,001 89,182,001
Market Price per Common Share as of December 31, 4.92 2.00 2.46 8.40 15.54
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What is the percentage change in the vessel operating expense between 2018 and 2019?
|
SELECTED CONSOLIDATED FINANCIAL DATA Year ended December 31,
All figures in thousands of USD except share data 2019 2018 2017 2016 2015
Voyage Revenues 317,220 289,016 297,141 357,451 445,738
Voyage Expenses (141,770) (165,012) (142,465) (125,987) (158,656)
Vessel Operating Expense (66,033) (80,411) (87,663) (80,266) (66,589)
General and Administrative Expenses (13,481) (12,727) (12,575) (12,296) (9,790)
Depreciation Expenses (63,965) (60,695) (100,669) (90,889) (82,610)
Impairment Loss on Vessel - (2,168) (110,480) - -
Impairment Loss on Goodwill - - (18,979) - -
Loss on Disposal of Vessels - (6,619) - - -
Settlement Received - - - 5,328 -
Net Operating (Loss) Income 31,971 (38,616) (175,690) 53,341 128,093
Interest Income 298 334 347 215 114
Interest Expense (38,390) (34,549) (20,464) (11,170) (10,855)
Other Financial (Expense) (4,160) (14,729) (644) (98) (167)
Total Other Expenses (42,252) (48,944) (20,761) (11,053) (10,908)
Income Tax Expense (71) (79) (83) (102) (96)
(Loss) Gain on Equity Method Investment - (7,667) (8,435) (46,642) (2,462)
Net (Loss) Income (10,352) (95,306) (204,969) (4,456) 114,627
Basic Earnings (Loss) per Share (0.07) (0.67) (1.97) (0.05) 1.29
Diluted Earnings (Loss) per Share (0.07) (0.67) (1.97) (0.05) 1.29
Cash Dividends Declared per Share 0.10 0.07 0.53 1.37 1.38
Basic Weighted Average Shares Outstanding 142,571,361 141,969,666 103,832,680 92,531,001 89,182,001
Diluted Weighted Average Shares Outstanding 142,571,361 141,969,666 103,832,680 92,531,001 89,182,001
Market Price per Common Share as of December 31, 4.92 2.00 2.46 8.40 15.54
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What was the depreciation expense in fiscal year 2019?
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Depreciation expense was $8.6 million, $8.0 million, and $8.4 million in fiscal years ended February 28, 2019, 2018 and 2017, respectively.
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How much were leasehold improvements in 2019?
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February 28,
2019 2018
Leasehold improvements $3,522 $3,157
LoJack system components and law enforcement
tracking units 20,326 20,558
Plant equipment and tooling 13,078 16,842
Office equipment, computers and furniture 11,553 14,206
Software 31,349 31,427
79,828 86,190
Less accumulated depreciation and amortization (58,641) (69,585)
21,187 16,605
Fixed assets not yet in service 5,836 4,657
$27,023 $21,262
Property and equipment consist of the following (in thousands):
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How much were software in 2019?
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February 28,
2019 2018
Leasehold improvements $3,522 $3,157
LoJack system components and law enforcement
tracking units 20,326 20,558
Plant equipment and tooling 13,078 16,842
Office equipment, computers and furniture 11,553 14,206
Software 31,349 31,427
79,828 86,190
Less accumulated depreciation and amortization (58,641) (69,585)
21,187 16,605
Fixed assets not yet in service 5,836 4,657
$27,023 $21,262
Property and equipment consist of the following (in thousands):
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What are leasehold improvements in 2019 as a percentage of the total property equipment before depreciation, amortization and fixed assets not in service?
|
February 28,
2019 2018
Leasehold improvements $3,522 $3,157
LoJack system components and law enforcement
tracking units 20,326 20,558
Plant equipment and tooling 13,078 16,842
Office equipment, computers and furniture 11,553 14,206
Software 31,349 31,427
79,828 86,190
Less accumulated depreciation and amortization (58,641) (69,585)
21,187 16,605
Fixed assets not yet in service 5,836 4,657
$27,023 $21,262
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How much do the top 3 property and equipment add up to in 2018?
|
February 28,
2019 2018
Leasehold improvements $3,522 $3,157
LoJack system components and law enforcement
tracking units 20,326 20,558
Plant equipment and tooling 13,078 16,842
Office equipment, computers and furniture 11,553 14,206
Software 31,349 31,427
79,828 86,190
Less accumulated depreciation and amortization (58,641) (69,585)
21,187 16,605
Fixed assets not yet in service 5,836 4,657
$27,023 $21,262
Property and equipment consist of the following (in thousands):
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What was the change in fixed assets not yet in service from 2018 to 2019?
|
February 28,
2019 2018
Leasehold improvements $3,522 $3,157
LoJack system components and law enforcement
tracking units 20,326 20,558
Plant equipment and tooling 13,078 16,842
Office equipment, computers and furniture 11,553 14,206
Software 31,349 31,427
79,828 86,190
Less accumulated depreciation and amortization (58,641) (69,585)
21,187 16,605
Fixed assets not yet in service 5,836 4,657
$27,023 $21,262
Property and equipment consist of the following (in thousands):
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When are multi-year agreement customers invoiced?
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Timing of revenue recognition may differ from the timing of invoicing to customers. We record a receivable when revenue is recognized prior to invoicing, or unearned revenue when revenue is recognized subsequent to invoicing. For multi-year agreements, we generally invoice customers annually at the beginning of each annual coverage period. We record a receivable related to revenue recognized for multi-year on-premises licenses as we have an unconditional right to invoice and receive payment in the future related to those licenses.
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How does the company determine the allowance for doubtful accounts?
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The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. We determine the allowance based on known troubled accounts, historical experience, and other currently available evidence.
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How much was the long-term accounts receivable, net of allowance for doubtful accounts, as of June 30, 2018?
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As of June 30, 2019 and 2018, long-term accounts receivable, net of allowance for doubtful accounts, was $2.2 billion and $1.8 billion, respectively, and is included in other long-term assets in our consolidated balance sheets.
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What was the change in the balance for 2019?
|
(In millions)
Year Ended June 30, 2019 2018 2017
Balance, beginning of period $ 397 $ 361 $ 409
Charged to costs and other 153 134 58
Write-offs (116) (98) (106)
Balance, end of period $ 434 $ 397 $ 361
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What was the average balance at the end of the period over the 3 year period from 2017 to 2019?
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(In millions)
Year Ended June 30, 2019 2018 2017
Balance, beginning of period $ 397 $ 361 $ 409
Charged to costs and other 153 134 58
Write-offs (116) (98) (106)
Balance, end of period $ 434 $ 397 $ 361
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What was the % change in the balance, beginning of the period from 2018 to 2019?
|
(In millions)
Year Ended June 30, 2019 2018 2017
Balance, beginning of period $ 397 $ 361 $ 409
Charged to costs and other 153 134 58
Write-offs (116) (98) (106)
Balance, end of period $ 434 $ 397 $ 361
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What was the income tax benefit in 2019?
|
Years Ended December 31,
2019 2018
Tax provision (benefit) at federal statutory rate $ (11.9) $ 38.3
Permanent differences 0.3 1.5
State tax, net of federal benefit (7.3) 6.2
Foreign rate differential 1.4 (0.9)
Minority interest 0.2 (4.6)
Executive and stock compensation 2.5 3.5
Increase (decrease) in valuation allowance (7.6) (43.8)
Transaction costs 0.1 1.5
Tax credits generated/utilized (2.2) —
Return to provision (6.0) 15.6
ASU 2017-11 adoption (1.3) —
Goodwill impairment 10.9 —
Gain/loss on sale or deconsolidation of a subsidiary — 5.7
Bargain purchase gain — (24.2)
Other (1.8) 3.6
Warrant liability 2.1 —
Income tax (benefit) expense $ (20.6) $ 2.4
The income tax benefit as of December 31, 2019 is $20.6 million. The benefit was primarily driven by a net valuation allowance release of $37.4 million related to the Insurance segment partially offset by an impairment of goodwill which is not deductible for tax purposes. The Insurance segment is profitable in 2019 and in a three-year overall cumulative income position as of December 31, 2019.
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What drove the income tax benefit?
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The income tax benefit as of December 31, 2019 is $20.6 million. The benefit was primarily driven by a net valuation allowance release of $37.4 million related to the Insurance segment partially offset by an impairment of goodwill which is not deductible for tax purposes. The Insurance segment is profitable in 2019 and in a three-year overall cumulative income position as of December 31, 2019.
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What was the value of minority interest in 2019?
|
Years Ended December 31,
2019 2018
Tax provision (benefit) at federal statutory rate $ (11.9) $ 38.3
Permanent differences 0.3 1.5
State tax, net of federal benefit (7.3) 6.2
Foreign rate differential 1.4 (0.9)
Minority interest 0.2 (4.6)
Executive and stock compensation 2.5 3.5
Increase (decrease) in valuation allowance (7.6) (43.8)
Transaction costs 0.1 1.5
Tax credits generated/utilized (2.2) —
Return to provision (6.0) 15.6
ASU 2017-11 adoption (1.3) —
Goodwill impairment 10.9 —
Gain/loss on sale or deconsolidation of a subsidiary — 5.7
Bargain purchase gain — (24.2)
Other (1.8) 3.6
Warrant liability 2.1 —
Income tax (benefit) expense $ (20.6) $ 2.4
The provisions (benefits) for income taxes differed from the amount computed by applying the federal statutory income tax rate to income (loss) before income taxes due to the following items for the years ended December 31, 2019 and 2018 (in millions):
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What was the change in the Tax provision (benefit) at federal statutory rate from 2018 to 2019?
|
Years Ended December 31,
2019 2018
Tax provision (benefit) at federal statutory rate $ (11.9) $ 38.3
Permanent differences 0.3 1.5
State tax, net of federal benefit (7.3) 6.2
Foreign rate differential 1.4 (0.9)
Minority interest 0.2 (4.6)
Executive and stock compensation 2.5 3.5
Increase (decrease) in valuation allowance (7.6) (43.8)
Transaction costs 0.1 1.5
Tax credits generated/utilized (2.2) —
Return to provision (6.0) 15.6
ASU 2017-11 adoption (1.3) —
Goodwill impairment 10.9 —
Gain/loss on sale or deconsolidation of a subsidiary — 5.7
Bargain purchase gain — (24.2)
Other (1.8) 3.6
Warrant liability 2.1 —
Income tax (benefit) expense $ (20.6) $ 2.4
The provisions (benefits) for income taxes differed from the amount computed by applying the federal statutory income tax rate to income (loss) before income taxes due to the following items for the years ended December 31, 2019 and 2018 (in millions):
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What was the average Permanent differences value for 2018 and 2019?
|
Years Ended December 31,
2019 2018
Tax provision (benefit) at federal statutory rate $ (11.9) $ 38.3
Permanent differences 0.3 1.5
State tax, net of federal benefit (7.3) 6.2
Foreign rate differential 1.4 (0.9)
Minority interest 0.2 (4.6)
Executive and stock compensation 2.5 3.5
Increase (decrease) in valuation allowance (7.6) (43.8)
Transaction costs 0.1 1.5
Tax credits generated/utilized (2.2) —
Return to provision (6.0) 15.6
ASU 2017-11 adoption (1.3) —
Goodwill impairment 10.9 —
Gain/loss on sale or deconsolidation of a subsidiary — 5.7
Bargain purchase gain — (24.2)
Other (1.8) 3.6
Warrant liability 2.1 —
Income tax (benefit) expense $ (20.6) $ 2.4
The provisions (benefits) for income taxes differed from the amount computed by applying the federal statutory income tax rate to income (loss) before income taxes due to the following items for the years ended December 31, 2019 and 2018 (in millions):
|
What was the percentage change in the Foreign rate differential from 2018 to 2019?
|
Years Ended December 31,
2019 2018
Tax provision (benefit) at federal statutory rate $ (11.9) $ 38.3
Permanent differences 0.3 1.5
State tax, net of federal benefit (7.3) 6.2
Foreign rate differential 1.4 (0.9)
Minority interest 0.2 (4.6)
Executive and stock compensation 2.5 3.5
Increase (decrease) in valuation allowance (7.6) (43.8)
Transaction costs 0.1 1.5
Tax credits generated/utilized (2.2) —
Return to provision (6.0) 15.6
ASU 2017-11 adoption (1.3) —
Goodwill impairment 10.9 —
Gain/loss on sale or deconsolidation of a subsidiary — 5.7
Bargain purchase gain — (24.2)
Other (1.8) 3.6
Warrant liability 2.1 —
Income tax (benefit) expense $ (20.6) $ 2.4
|
Which years does the table provide information for?
|
Year Ended
April 26, 2019 April 27, 2018 April 28, 2017
Current:
Federal $ 26 $ 764 $ 22
State 27 10 3
Foreign 49 39 41
Total current 102 813 66
Deferred:
Federal 35 239 61
State (6 ) 27 17
Foreign (32 ) 4 (4 )
Total deferred (3 ) 270 74
Provision for income taxes $ 99 $ 1,083 $ 140
The provision for income taxes consists of the following (in millions):
|
What was the Current Federal provision for income tax in 2019?
|
Year Ended
April 26, 2019 April 27, 2018 April 28, 2017
Current:
Federal $ 26 $ 764 $ 22
State 27 10 3
Foreign 49 39 41
Total current 102 813 66
Deferred:
Federal 35 239 61
State (6 ) 27 17
Foreign (32 ) 4 (4 )
Total deferred (3 ) 270 74
Provision for income taxes $ 99 $ 1,083 $ 140
The provision for income taxes consists of the following (in millions):
|
What was the Current State provision for income tax in 2017?
|
Year Ended
April 26, 2019 April 27, 2018 April 28, 2017
Current:
Federal $ 26 $ 764 $ 22
State 27 10 3
Foreign 49 39 41
Total current 102 813 66
Deferred:
Federal 35 239 61
State (6 ) 27 17
Foreign (32 ) 4 (4 )
Total deferred (3 ) 270 74
Provision for income taxes $ 99 $ 1,083 $ 140
The provision for income taxes consists of the following (in millions):
|
How many years did current foreign provision for income tax exceed $40 million?
|
Year Ended
April 26, 2019 April 27, 2018 April 28, 2017
Current:
Federal $ 26 $ 764 $ 22
State 27 10 3
Foreign 49 39 41
Total current 102 813 66
Deferred:
Federal 35 239 61
State (6 ) 27 17
Foreign (32 ) 4 (4 )
Total deferred (3 ) 270 74
Provision for income taxes $ 99 $ 1,083 $ 140
The provision for income taxes consists of the following (in millions):
|
What was the change in total current provision for income tax between 2017 and 2018?
|
Year Ended
April 26, 2019 April 27, 2018 April 28, 2017
Current:
Federal $ 26 $ 764 $ 22
State 27 10 3
Foreign 49 39 41
Total current 102 813 66
Deferred:
Federal 35 239 61
State (6 ) 27 17
Foreign (32 ) 4 (4 )
Total deferred (3 ) 270 74
Provision for income taxes $ 99 $ 1,083 $ 140
The provision for income taxes consists of the following (in millions):
|
What was the total percentage change in the provision for income taxes between 2017 and 2019?
|
Year Ended
April 26, 2019 April 27, 2018 April 28, 2017
Current:
Federal $ 26 $ 764 $ 22
State 27 10 3
Foreign 49 39 41
Total current 102 813 66
Deferred:
Federal 35 239 61
State (6 ) 27 17
Foreign (32 ) 4 (4 )
Total deferred (3 ) 270 74
Provision for income taxes $ 99 $ 1,083 $ 140
The provision for income taxes consists of the following (in millions):
|
What was the accumulated benefit obligation for the United States defined benefit pension plans in 2019?
|
The accumulated benefit obligation for the United States defined benefit pension plans was $198.2 million and $172.8 million at December 31, 2019 and 2018, respectively. The accumulated benefit obligation for foreign defined benefit pension plans was $39.9 million and $35.6 million at December 31, 2019 and 2018, respectively.
|
In which years is information of the accumulated benefit obligation provided?
|
2019 2018
United States Foreign United States Foreign
(in millions)
Projected benefit obligation $55.3 $44.0 $50.8 $39.1
Accumulated benefit obligation 53.2 39.9 48.6 35.6
Fair value of plan assets — 1.6 — 1.4
The accumulated benefit obligation for the United States defined benefit pension plans was $198.2 million and $172.8 million at December 31, 2019 and 2018, respectively. The accumulated benefit obligation for foreign defined benefit pension plans was $39.9 million and $35.6 million at December 31, 2019 and 2018, respectively.
|
In which regions is information of the accumulated benefit obligation provided?
|
2019 2018
United States Foreign United States Foreign
(in millions)
Projected benefit obligation $55.3 $44.0 $50.8 $39.1
Accumulated benefit obligation 53.2 39.9 48.6 35.6
Fair value of plan assets — 1.6 — 1.4
The accumulated benefit obligation for the United States defined benefit pension plans was $198.2 million and $172.8 million at December 31, 2019 and 2018, respectively. The accumulated benefit obligation for foreign defined benefit pension plans was $39.9 million and $35.6 million at December 31, 2019 and 2018, respectively.
|
In which year was the accumulated benefit obligation for foreign defined benefit pension plans larger?
|
2019 2018
United States Foreign United States Foreign
(in millions)
Projected benefit obligation $55.3 $44.0 $50.8 $39.1
Accumulated benefit obligation 53.2 39.9 48.6 35.6
Fair value of plan assets — 1.6 — 1.4
|
What was the change in the accumulated benefit obligation for foreign defined benefit pension plans in 2019 from 2018?
|
2019 2018
United States Foreign United States Foreign
(in millions)
Projected benefit obligation $55.3 $44.0 $50.8 $39.1
Accumulated benefit obligation 53.2 39.9 48.6 35.6
Fair value of plan assets — 1.6 — 1.4
|
What was the percentage change in the accumulated benefit obligation for foreign defined benefit pension plans in 2019 from 2018?
|
2019 2018
United States Foreign United States Foreign
(in millions)
Projected benefit obligation $55.3 $44.0 $50.8 $39.1
Accumulated benefit obligation 53.2 39.9 48.6 35.6
Fair value of plan assets — 1.6 — 1.4
|
What do non-current assets exclude?
|
2019 2018
$ million $ million
Non-current assets1
Americas 196.9 184.6
Asia Pacific 7.4 4.4
Europe, Middle East and Africa 11.5 5.1
215.8 194.1
1. Non-current assets excludes trade and other receivables, assets recognised from costs to obtain a contract, defined benefit pension plan surplus and deferred tax asset.
|
What do the non-current assets under America in 2019 include?
|
Europe, Middle East and Africa includes United Kingdom non-current assets of $6.9 million (2018 $2.0 million). Americas includes United States non-current assets of $182.4 million (2018 $171.1 million).
|
Where are the operating segments for non-current assets in the table?
|
2019 2018
$ million $ million
Non-current assets1
Americas 196.9 184.6
Asia Pacific 7.4 4.4
Europe, Middle East and Africa 11.5 5.1
215.8 194.1
3. Operating segments continued
|
In which year was the amount of non-current assets in Asia Pacific larger?
|
2019 2018
$ million $ million
Non-current assets1
Americas 196.9 184.6
Asia Pacific 7.4 4.4
Europe, Middle East and Africa 11.5 5.1
215.8 194.1
|
What was the non-current assets of United Kingdom as a percentage of the total amount in Europe, Middle East and Africa in 2019?
|
2019 2018
$ million $ million
Non-current assets1
Americas 196.9 184.6
Asia Pacific 7.4 4.4
Europe, Middle East and Africa 11.5 5.1
215.8 194.1
Europe, Middle East and Africa includes United Kingdom non-current assets of $6.9 million (2018 $2.0 million). Americas includes United States non-current assets of $182.4 million (2018 $171.1 million).
|
What was the percentage change in non-current assets in Asia Pacific?
|
2019 2018
$ million $ million
Non-current assets1
Americas 196.9 184.6
Asia Pacific 7.4 4.4
Europe, Middle East and Africa 11.5 5.1
215.8 194.1
|
What are the respective accrued interest in 2018 and 2019?
|
All figures in USD ‘000 2019 2018
Accrued Interest 163 1,598
Accrued Expenses 11,569 7,362
Settlement Deferred Compensation Liabilities 3,830 -
Total as of December 31, 15,562 8,960
|
What are the respective accrued expense in 2018 and 2019?
|
All figures in USD ‘000 2019 2018
Accrued Interest 163 1,598
Accrued Expenses 11,569 7,362
Settlement Deferred Compensation Liabilities 3,830 -
Total as of December 31, 15,562 8,960
|
What are the respective total accrued liabilities in 2018 and 2019?
|
All figures in USD ‘000 2019 2018
Accrued Interest 163 1,598
Accrued Expenses 11,569 7,362
Settlement Deferred Compensation Liabilities 3,830 -
Total as of December 31, 15,562 8,960
12. ACCRUED LIABILITIES
|
What is the total accrued liabilities in 2018 and 2019?
|
All figures in USD ‘000 2019 2018
Accrued Interest 163 1,598
Accrued Expenses 11,569 7,362
Settlement Deferred Compensation Liabilities 3,830 -
Total as of December 31, 15,562 8,960
12. ACCRUED LIABILITIES
|
What is the average total accrued liabilities in 2018 and 2019?
|
All figures in USD ‘000 2019 2018
Accrued Interest 163 1,598
Accrued Expenses 11,569 7,362
Settlement Deferred Compensation Liabilities 3,830 -
Total as of December 31, 15,562 8,960
12. ACCRUED LIABILITIES
|
What is the percentage change in total accrued liabilities in 2018 and 2019?
|
All figures in USD ‘000 2019 2018
Accrued Interest 163 1,598
Accrued Expenses 11,569 7,362
Settlement Deferred Compensation Liabilities 3,830 -
Total as of December 31, 15,562 8,960
12. ACCRUED LIABILITIES
|
How did the company determine the adequacy for their allowance for credit loss?
|
We determine the adequacy of our allowance for credit loss by assessing the risks and losses inherent in our financing receivables by portfolio segment. The portfolio segment is based on the types of financing offered by us to our customers, which consist of the following: lease receivables, loan receivables, and financed service contracts.
|
What does the company's credit risk rating of 7 and higher refer to?
|
Our internal credit risk ratings of 1 through 4 correspond to investment-grade ratings, while credit risk ratings of 5 and 6 correspond to non-investment grade ratings. Credit risk ratings of 7 and higher correspond to substandard ratings.
|
What was the total gross receivables for credit ratings 1 to 4 in 2019?
|
INTERNAL CREDIT RISK RATING
July 27, 2019 1 to 4 5 to 6 7 and Higher Total
Lease receivables $1,204 $991 $35 $2,230
Loan receivables 3,367 1,920 151 5,438
Financed service contracts 1,413 939 17 2,369
Total $5,984 $3,850 $203 $10,037
Gross receivables, excluding residual value, less unearned income categorized by our internal credit risk rating as of July 27, 2019 and July 28, 2018 are summarized as follows (in millions):
|
How many gross receivables had a total that exceeded $4,000 million?
|
INTERNAL CREDIT RISK RATING
July 27, 2019 1 to 4 5 to 6 7 and Higher Total
Lease receivables $1,204 $991 $35 $2,230
Loan receivables 3,367 1,920 151 5,438
Financed service contracts 1,413 939 17 2,369
Total $5,984 $3,850 $203 $10,037
Gross receivables, excluding residual value, less unearned income categorized by our internal credit risk rating as of July 27, 2019 and July 28, 2018 are summarized as follows (in millions):
|
What was the difference in the total between Loan Receivables and Financed service contracts?
|
INTERNAL CREDIT RISK RATING
July 27, 2019 1 to 4 5 to 6 7 and Higher Total
Lease receivables $1,204 $991 $35 $2,230
Loan receivables 3,367 1,920 151 5,438
Financed service contracts 1,413 939 17 2,369
Total $5,984 $3,850 $203 $10,037
Gross receivables, excluding residual value, less unearned income categorized by our internal credit risk rating as of July 27, 2019 and July 28, 2018 are summarized as follows (in millions):
|
What was the total for lease receivables as a percentage of the total of all gross receivables?
|
INTERNAL CREDIT RISK RATING
July 27, 2019 1 to 4 5 to 6 7 and Higher Total
Lease receivables $1,204 $991 $35 $2,230
Loan receivables 3,367 1,920 151 5,438
Financed service contracts 1,413 939 17 2,369
Total $5,984 $3,850 $203 $10,037
Gross receivables, excluding residual value, less unearned income categorized by our internal credit risk rating as of July 27, 2019 and July 28, 2018 are summarized as follows (in millions):
|
What is the purpose of the company's policy?
|
Our policy is to maintain a strong capital base so as to maintain investor, creditor and market confidence and to sustain future development of the business.
|
What is the Total short-term lines of credit at the end of 2019?
|
Total short-term lines of credit amounted to €150 million at December 31, 2019. The amount outstanding at December 31, 2019 was nil and the undrawn portion totaled €150 million. The standby revolving credit facility of €150 million with a consortium of banks will be available through December 16, 2023.
|
What are the time periods for the obligations for the company?
|
Total Less than 1 year 1-5 years More than 5 years
Accounts payable 119,712 119,712 — —
Income tax payable 34,599 34,599 — —
Accrued expenses and other payables 149,843 149,843 — —
Lease liabilities 24,261 6,977 14,726 2,558
Pension liabilities 7,734 333 2,544 4,857
Purchase obligations:
Purchase commitments to suppliers 100,694 99,546 1,148 —
Capital expenditure and other commitments 43,692 40,745 2,947 —
Total contractual obligations 480,535 451,755 21,365 7,415
The following table summarizes the Company’s contractual and other obligations as at December 31, 2019.
|
What are the components of total contractual obligations that are more than 100,000?
|
Total Less than 1 year 1-5 years More than 5 years
Accounts payable 119,712 119,712 — —
Income tax payable 34,599 34,599 — —
Accrued expenses and other payables 149,843 149,843 — —
Lease liabilities 24,261 6,977 14,726 2,558
Pension liabilities 7,734 333 2,544 4,857
Purchase obligations:
Purchase commitments to suppliers 100,694 99,546 1,148 —
Capital expenditure and other commitments 43,692 40,745 2,947 —
Total contractual obligations 480,535 451,755 21,365 7,415
|
What is Purchase obligations expressed as a percentage of Total contractual obligations?
|
Total Less than 1 year 1-5 years More than 5 years
Accounts payable 119,712 119,712 — —
Income tax payable 34,599 34,599 — —
Accrued expenses and other payables 149,843 149,843 — —
Lease liabilities 24,261 6,977 14,726 2,558
Pension liabilities 7,734 333 2,544 4,857
Purchase obligations:
Purchase commitments to suppliers 100,694 99,546 1,148 —
Capital expenditure and other commitments 43,692 40,745 2,947 —
Total contractual obligations 480,535 451,755 21,365 7,415
|
What is the component that has the highest obligation for the company in 1-5 years?
|
Total Less than 1 year 1-5 years More than 5 years
Accounts payable 119,712 119,712 — —
Income tax payable 34,599 34,599 — —
Accrued expenses and other payables 149,843 149,843 — —
Lease liabilities 24,261 6,977 14,726 2,558
Pension liabilities 7,734 333 2,544 4,857
Purchase obligations:
Purchase commitments to suppliers 100,694 99,546 1,148 —
Capital expenditure and other commitments 43,692 40,745 2,947 —
Total contractual obligations 480,535 451,755 21,365 7,415
|
What was the revenue in North America in 2019?
|
Year ended December 31, 2019 Year ended December 31, 2018 Year ended December 31, 2017
North America $2,259 $4,248 $5,513
Europe 179,009 142,688 124,857
Asia 67,468 135,614 91,552
South America 232,394 208,751 212,616
Other 1,319 26,438 28,511
Total $482,449 $517,739 $463,049
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
|
What was the total revenue in 2017?
|
Year ended December 31, 2019 Year ended December 31, 2018 Year ended December 31, 2017
North America $2,259 $4,248 $5,513
Europe 179,009 142,688 124,857
Asia 67,468 135,614 91,552
South America 232,394 208,751 212,616
Other 1,319 26,438 28,511
Total $482,449 $517,739 $463,049
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
|
Which years does the table provide information for revenue by geographic region?
|
Year ended December 31, 2019 Year ended December 31, 2018 Year ended December 31, 2017
North America $2,259 $4,248 $5,513
Europe 179,009 142,688 124,857
Asia 67,468 135,614 91,552
South America 232,394 208,751 212,616
Other 1,319 26,438 28,511
Total $482,449 $517,739 $463,049
Revenue by Geographic Region
|
How many years did total revenue exceed $500,000 thousand?
|
Year ended December 31, 2019 Year ended December 31, 2018 Year ended December 31, 2017
North America $2,259 $4,248 $5,513
Europe 179,009 142,688 124,857
Asia 67,468 135,614 91,552
South America 232,394 208,751 212,616
Other 1,319 26,438 28,511
Total $482,449 $517,739 $463,049
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
|
What was the change in the revenue from South America between 2017 and 2018?
|
Year ended December 31, 2019 Year ended December 31, 2018 Year ended December 31, 2017
North America $2,259 $4,248 $5,513
Europe 179,009 142,688 124,857
Asia 67,468 135,614 91,552
South America 232,394 208,751 212,616
Other 1,319 26,438 28,511
Total $482,449 $517,739 $463,049
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
|
What was the percentage change in the revenue from Other regions between 2018 and 2019?
|
Year ended December 31, 2019 Year ended December 31, 2018 Year ended December 31, 2017
North America $2,259 $4,248 $5,513
Europe 179,009 142,688 124,857
Asia 67,468 135,614 91,552
South America 232,394 208,751 212,616
Other 1,319 26,438 28,511
Total $482,449 $517,739 $463,049
|
What is the amount of reimbursements for the cost of annual physical examinations and related travel for Mr. Post?
|
(3) Includes (i) reimbursements for the cost of annual physical examinations and related travel of $5,000 for each of Mr. Hanks and Ms. Landrieu, $3,950 for Mr. Perry and $4,436 for Mr. Post, (ii) the payments related to the attendance of the KPMG Conference of $6,000 for Messrs. Hanks and Perry, (iii) payments related to the attendance of the NACD Global Board Leaders’ Summit of $6,000 for each of Ms. Landrieu and Messrs. Hanks and Perry and the payments related to the attendance of the G100 Conference of $4,000 for each of Ms. Bejar and Mr. Chilton. Except as otherwise noted in the prior sentence, the table above does not reflect (i) reimbursements for travel expenses or (ii) any benefits associated with the directors or their family members participating in recreational activities scheduled during Board retreats or meetings (as described further under the heading “Compensation Discussion and Analysis—Our Compensation Program Objectives and Components of Pay—Other Benefits—Perquisites”).
|
When will the terms of the non-returning directors end?
|
(4) The terms of each of these directors will end immediately following the 2020 annual shareholders meeting.
|
What does "All Other Compensation" include payments related to?
|
Name Fees Earned or Paid in Cash Stock Awards(1),(2) All Other Compensation(3) Total
Continuing Directors:
Martha H. Bejar $120,000 $146,472 $4,000 $270,472
Virginia Boulet 130,000 146,472 — 276,472
Peter C. Brown 128,375 146,472 — 274,847
Kevin P. Chilton 128,500 146,472 — 274,972
Steven T. Clontz 115,000 146,472 — 261,472
T. Michael Glenn 121,000 146,472 — 267,472
W. Bruce Hanks 244,000 146,472 17,000 407,472
Michael J. Roberts 114,000 146,472 — 260,472
Laurie A. Siegel 113,000 146,472 — 259,472
Non-Returning Directors:(4)
Mary L. Landrieu 113,000 146,472 — 259,472
Harvey P. Perry 309,000 146,472 15,950 471,422
Glen F. Post, III 109,000 146,472 4,436 259,908
(3) Includes (i) reimbursements for the cost of annual physical examinations and related travel of $5,000 for each of Mr. Hanks and Ms. Landrieu, $3,950 for Mr. Perry and $4,436 for Mr. Post, (ii) the payments related to the attendance of the KPMG Conference of $6,000 for Messrs. Hanks and Perry, (iii) payments related to the attendance of the NACD Global Board Leaders’ Summit of $6,000 for each of Ms. Landrieu and Messrs. Hanks and Perry and the payments related to the attendance of the G100 Conference of $4,000 for each of Ms. Bejar and Mr. Chilton. Except as otherwise noted in the prior sentence, the table above does not reflect (i) reimbursements for travel expenses or (ii) any benefits associated with the directors or their family members participating in recreational activities scheduled during Board retreats or meetings (as described further under the heading “Compensation Discussion and Analysis—Our Compensation Program Objectives and Components of Pay—Other Benefits—Perquisites”).
|
Which non-returning director has the lowest amount of total compensation?
|
Name Fees Earned or Paid in Cash Stock Awards(1),(2) All Other Compensation(3) Total
Continuing Directors:
Martha H. Bejar $120,000 $146,472 $4,000 $270,472
Virginia Boulet 130,000 146,472 — 276,472
Peter C. Brown 128,375 146,472 — 274,847
Kevin P. Chilton 128,500 146,472 — 274,972
Steven T. Clontz 115,000 146,472 — 261,472
T. Michael Glenn 121,000 146,472 — 267,472
W. Bruce Hanks 244,000 146,472 17,000 407,472
Michael J. Roberts 114,000 146,472 — 260,472
Laurie A. Siegel 113,000 146,472 — 259,472
Non-Returning Directors:(4)
Mary L. Landrieu 113,000 146,472 — 259,472
Harvey P. Perry 309,000 146,472 15,950 471,422
Glen F. Post, III 109,000 146,472 4,436 259,908
|
What is the total amount of all other compensation by all the directors in the table?
|
Name Fees Earned or Paid in Cash Stock Awards(1),(2) All Other Compensation(3) Total
Continuing Directors:
Martha H. Bejar $120,000 $146,472 $4,000 $270,472
Virginia Boulet 130,000 146,472 — 276,472
Peter C. Brown 128,375 146,472 — 274,847
Kevin P. Chilton 128,500 146,472 — 274,972
Steven T. Clontz 115,000 146,472 — 261,472
T. Michael Glenn 121,000 146,472 — 267,472
W. Bruce Hanks 244,000 146,472 17,000 407,472
Michael J. Roberts 114,000 146,472 — 260,472
Laurie A. Siegel 113,000 146,472 — 259,472
Non-Returning Directors:(4)
Mary L. Landrieu 113,000 146,472 — 259,472
Harvey P. Perry 309,000 146,472 15,950 471,422
Glen F. Post, III 109,000 146,472 4,436 259,908
|
What is the average amount of total compensation for each non-returning director?
|
Name Fees Earned or Paid in Cash Stock Awards(1),(2) All Other Compensation(3) Total
Continuing Directors:
Martha H. Bejar $120,000 $146,472 $4,000 $270,472
Virginia Boulet 130,000 146,472 — 276,472
Peter C. Brown 128,375 146,472 — 274,847
Kevin P. Chilton 128,500 146,472 — 274,972
Steven T. Clontz 115,000 146,472 — 261,472
T. Michael Glenn 121,000 146,472 — 267,472
W. Bruce Hanks 244,000 146,472 17,000 407,472
Michael J. Roberts 114,000 146,472 — 260,472
Laurie A. Siegel 113,000 146,472 — 259,472
Non-Returning Directors:(4)
Mary L. Landrieu 113,000 146,472 — 259,472
Harvey P. Perry 309,000 146,472 15,950 471,422
Glen F. Post, III 109,000 146,472 4,436 259,908
|
What would have been the effect of dilutive securities for 2019 and 2018 respectively?
|
For the years ended April 30,
2019 2018
Basic EPS Shares outstanding (weighted average) 8,916,250 8,841,166
Effect of Dilutive Securities ** **
Diluted EPS Shares outstanding 9,159,124 8,841,166
Reconciliations of the weighted average shares outstanding for basic and diluted Earnings per Share for the years ended April 30, 2019 and 2018, respectively, were as follows (in thousands):
** For the years ended April 30, 2019 and 2018, dilutive securities are excluded since the inclusion of such shares would be antidilutive due to the net loss for the period. The exercisable shares excluded for 2019 and 2018 are 1,216,000 and 1,259,500, respectively. The effect of dilutive securities for 2019 and 2018 would have been 242,874 and 127,536, respectively.
|
What is the number of exercisable shares excluded for 2019 and 2018 respectively?
|
** For the years ended April 30, 2019 and 2018, dilutive securities are excluded since the inclusion of such shares would be antidilutive due to the net loss for the period. The exercisable shares excluded for 2019 and 2018 are 1,216,000 and 1,259,500, respectively. The effect of dilutive securities for 2019 and 2018 would have been 242,874 and 127,536, respectively.
|
What is the diluted EPS Shares outstanding for 2019 and 2018 respectively?
|
For the years ended April 30,
2019 2018
Basic EPS Shares outstanding (weighted average) 8,916,250 8,841,166
Effect of Dilutive Securities ** **
Diluted EPS Shares outstanding 9,159,124 8,841,166
Reconciliations of the weighted average shares outstanding for basic and diluted Earnings per Share for the years ended April 30, 2019 and 2018, respectively, were as follows (in thousands):
|
What is the average diluted EPS Shares outstanding for 2018 and 2019?
|
For the years ended April 30,
2019 2018
Basic EPS Shares outstanding (weighted average) 8,916,250 8,841,166
Effect of Dilutive Securities ** **
Diluted EPS Shares outstanding 9,159,124 8,841,166
Reconciliations of the weighted average shares outstanding for basic and diluted Earnings per Share for the years ended April 30, 2019 and 2018, respectively, were as follows (in thousands):
|
What is the difference in Basic EPS Shares outstanding between 2018 and 2019?
|
For the years ended April 30,
2019 2018
Basic EPS Shares outstanding (weighted average) 8,916,250 8,841,166
Effect of Dilutive Securities ** **
Diluted EPS Shares outstanding 9,159,124 8,841,166
Reconciliations of the weighted average shares outstanding for basic and diluted Earnings per Share for the years ended April 30, 2019 and 2018, respectively, were as follows (in thousands):
|
What is the total number of exercisable shares excluded for 2019 and 2018 altogether?
|
** For the years ended April 30, 2019 and 2018, dilutive securities are excluded since the inclusion of such shares would be antidilutive due to the net loss for the period. The exercisable shares excluded for 2019 and 2018 are 1,216,000 and 1,259,500, respectively. The effect of dilutive securities for 2019 and 2018 would have been 242,874 and 127,536, respectively.
Reconciliations of the weighted average shares outstanding for basic and diluted Earnings per Share for the years ended April 30, 2019 and 2018, respectively, were as follows (in thousands):
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Where is Trade accounts receivable, net, current included in?
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December 31,
2019 2018
Trade accounts receivable, net, current (1) $375,136 $335,377
Trade accounts receivable, net, noncurrent (2) 26,496 15,948
$401,632 $351,325
(1) Included in “Receivables, net” in the accompanying Consolidated Balance Sheets.
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Where is Trade accounts receivable, net, noncurrent included in?
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December 31,
2019 2018
Trade accounts receivable, net, current (1) $375,136 $335,377
Trade accounts receivable, net, noncurrent (2) 26,496 15,948
$401,632 $351,325
(2) Included in “Deferred charges and other assets” in the accompanying Consolidated Balance Sheets.
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What are the types of accounts in the Company's trade accounts receivable?
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December 31,
2019 2018
Trade accounts receivable, net, current (1) $375,136 $335,377
Trade accounts receivable, net, noncurrent (2) 26,496 15,948
$401,632 $351,325
The Company’s trade accounts receivable, net, consisted of the following (in thousands):
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In which year was the Trade accounts receivable, net, current larger?
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December 31,
2019 2018
Trade accounts receivable, net, current (1) $375,136 $335,377
Trade accounts receivable, net, noncurrent (2) 26,496 15,948
$401,632 $351,325
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What was the change in Trade accounts receivable, net, noncurrent in 2019 from 2018?
|
December 31,
2019 2018
Trade accounts receivable, net, current (1) $375,136 $335,377
Trade accounts receivable, net, noncurrent (2) 26,496 15,948
$401,632 $351,325
The Company’s trade accounts receivable, net, consisted of the following (in thousands):
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What was the percentage change in Trade accounts receivable, net, noncurrent in 2019 from 2018?
|
December 31,
2019 2018
Trade accounts receivable, net, current (1) $375,136 $335,377
Trade accounts receivable, net, noncurrent (2) 26,496 15,948
$401,632 $351,325
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Which groups of people are generally issued with Nonvested restricted stock units ("RSUs")?
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Nonvested restricted stock units — Nonvested restricted stock units (“RSUs”) are generally issued to executives, non-management directors and certain other members of management and employees. Prior to fiscal 2011, RSUs were granted to certain Executive and Senior Vice Presidents pursuant to our share ownership guidelines. These awards vest upon retirement or termination based on years of service. There were 60,272 of such RSUs outstanding as of September 29, 2019.
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As of September 2019, what is the number of outstanding RSUs?
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Nonvested restricted stock units — Nonvested restricted stock units (“RSUs”) are generally issued to executives, non-management directors and certain other members of management and employees. Prior to fiscal 2011, RSUs were granted to certain Executive and Senior Vice Presidents pursuant to our share ownership guidelines. These awards vest upon retirement or termination based on years of service. There were 60,272 of such RSUs outstanding as of September 29, 2019.
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Under the Amended and Restated 2004 Stock Incentive Plan, how many shares of common stock were available for future issuance as of September 29, 2019?
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Our Amended and Restated 2004 Stock Incentive Plan authorizes the issuance of up to11,600,000 common shares in connection with the granting of stock options, stock appreciation rights, restricted stock purchase rights, restricted stock bonuses, restricted stock units, or performance units to key employees, directors, and other designated employees. There were 1,677,983 shares of common stock available for future issuance under this plan as of September 29, 2019.
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What is the average stock options from 2017-2019?
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2019 2018 2017
Nonvested stock units $5,458 $5,737 $5,873
Stock options 936 1,790 1,826
Performance share awards 1,417 1,236 2,580
Nonvested restricted stock awards — 33 88
Non-management directors’ deferred compensation 263 350 270
Total share-based compensation expense $8,074 $9,146 $10,637
Compensation expense — The components of share-based compensation expense, included within “Selling, general, and administrative expenses” in our consolidated statement of earnings, in each fiscal year are as follows (in thousands):
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What is the difference in the total share-based compensation expense between 2018 and 2019?
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2019 2018 2017
Nonvested stock units $5,458 $5,737 $5,873
Stock options 936 1,790 1,826
Performance share awards 1,417 1,236 2,580
Nonvested restricted stock awards — 33 88
Non-management directors’ deferred compensation 263 350 270
Total share-based compensation expense $8,074 $9,146 $10,637
Compensation expense — The components of share-based compensation expense, included within “Selling, general, and administrative expenses” in our consolidated statement of earnings, in each fiscal year are as follows (in thousands):
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In 2019, what is the percentage constitution of nonvested stock units among the total share-based compensation expense?
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2019 2018 2017
Nonvested stock units $5,458 $5,737 $5,873
Stock options 936 1,790 1,826
Performance share awards 1,417 1,236 2,580
Nonvested restricted stock awards — 33 88
Non-management directors’ deferred compensation 263 350 270
Total share-based compensation expense $8,074 $9,146 $10,637
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