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How many percent of the total inventory purchases did Supplier C account for in the year 2019? | Year Ended February 28,
2019 2018 2017
Inventory purchases:
Supplier A 31% 33% 34%
Supplier B 20% 16% 14%
Supplier C 6% 9% 11%
As of February 28,
2017 2019 2018
Accounts Payable:
Supplier A 30% 40% 33%
Supplier B 18% 16% 18% |
What is the percentage change between inventory purchases from Supplier B from 2017 to 2018? | Year Ended February 28,
2019 2018 2017
Inventory purchases:
Supplier A 31% 33% 34%
Supplier B 20% 16% 14%
Supplier C 6% 9% 11%
As of February 28,
2017 2019 2018
Accounts Payable:
Supplier A 30% 40% 33%
Supplier B 18% 16% 18% |
What is the percentage change between inventory purchases from Supplier A from 2017 to 2018? | Year Ended February 28,
2019 2018 2017
Inventory purchases:
Supplier A 31% 33% 34%
Supplier B 20% 16% 14%
Supplier C 6% 9% 11%
As of February 28,
2017 2019 2018
Accounts Payable:
Supplier A 30% 40% 33%
Supplier B 18% 16% 18% |
What is the percentage change between Accounts Payable to Supplier A from 2018 to 2019? | Year Ended February 28,
2019 2018 2017
Inventory purchases:
Supplier A 31% 33% 34%
Supplier B 20% 16% 14%
Supplier C 6% 9% 11%
As of February 28,
2017 2019 2018
Accounts Payable:
Supplier A 30% 40% 33%
Supplier B 18% 16% 18% |
What are the financial covenants to be maintained as per the credit agreement? | The credit agreement for the Revolving Credit Facility contains customary covenants, including restrictions on the incurrence of liens, incurrence of additional debt, sales of assets and other fundamental corporate changes and investments. The credit agreement requires maintenance of two financial covenants (i) a minimum working capital ratio of 2.00 to 1.00 and (ii) an annual limit on capital expenditures of $100.0 million. Additionally, the credit agreement requires that Fred R. Adams Jr., his spouse, natural children, sons-in-law or grandchildren, or any trust, guardianship, conservatorship or custodianship for the primary benefit of any of the foregoing, or any family limited partnership, similar limited liability company or other entity that 100% of the voting control of such entity is held by any of the foregoing, shall maintain at least 50% of the Company’s voting stock. Failure to satisfy any of these covenants will constitute a default under the terms of the credit agreement. Further, dividends are restricted to the Company’s current dividend policy of one-third of the Company’s net income computed in accordance with generally accepted accounting principles. The Company is allowed to repurchase up to $75.0 million of its capital stock in any year provided there is no default under the credit agreement and the Company has availability of at least $20.0 million under the facility. |
What are the conditions for repurchase of capital stock by the company? | The credit agreement for the Revolving Credit Facility contains customary covenants, including restrictions on the incurrence of liens, incurrence of additional debt, sales of assets and other fundamental corporate changes and investments. The credit agreement requires maintenance of two financial covenants (i) a minimum working capital ratio of 2.00 to 1.00 and (ii) an annual limit on capital expenditures of $100.0 million. Additionally, the credit agreement requires that Fred R. Adams Jr., his spouse, natural children, sons-in-law or grandchildren, or any trust, guardianship, conservatorship or custodianship for the primary benefit of any of the foregoing, or any family limited partnership, similar limited liability company or other entity that 100% of the voting control of such entity is held by any of the foregoing, shall maintain at least 50% of the Company’s voting stock. Failure to satisfy any of these covenants will constitute a default under the terms of the credit agreement. Further, dividends are restricted to the Company’s current dividend policy of one-third of the Company’s net income computed in accordance with generally accepted accounting principles. The Company is allowed to repurchase up to $75.0 million of its capital stock in any year provided there is no default under the credit agreement and the Company has availability of at least $20.0 million under the facility. |
What was the company's financial covenants position in 2019? | At June 1, 2019, we were in compliance with the covenant requirements of all loan agreements. |
What is the increase / (decrease) in the total debt? | June 1, 2019 June 2, 2018
Note payable at 6.20%, due in monthly principal installments of $250,000, plus interest, maturing in fiscal 2020 $1,500 $4,500
Note payable at 5.40%, due in monthly principal installments of $125,000, plus interest, matured in fiscal 2019 — 250
Capital lease obligations 1,054 1,340
2,554 6,090
Less: capitalized loan costs 217 —
Total debt 2,337 6,090
Less: current maturities 1,696 3,536
Long-term debt, less current maturities $641 $2,554
Long-term debt consisted of the following (in thousands except interest rate and installment data): |
What is the average current maturities? | June 1, 2019 June 2, 2018
Note payable at 6.20%, due in monthly principal installments of $250,000, plus interest, maturing in fiscal 2020 $1,500 $4,500
Note payable at 5.40%, due in monthly principal installments of $125,000, plus interest, matured in fiscal 2019 — 250
Capital lease obligations 1,054 1,340
2,554 6,090
Less: capitalized loan costs 217 —
Total debt 2,337 6,090
Less: current maturities 1,696 3,536
Long-term debt, less current maturities $641 $2,554
Long-term debt consisted of the following (in thousands except interest rate and installment data): |
What is the Long-term debt, less current maturities average? | June 1, 2019 June 2, 2018
Note payable at 6.20%, due in monthly principal installments of $250,000, plus interest, maturing in fiscal 2020 $1,500 $4,500
Note payable at 5.40%, due in monthly principal installments of $125,000, plus interest, matured in fiscal 2019 — 250
Capital lease obligations 1,054 1,340
2,554 6,090
Less: capitalized loan costs 217 —
Total debt 2,337 6,090
Less: current maturities 1,696 3,536
Long-term debt, less current maturities $641 $2,554
Long-term debt consisted of the following (in thousands except interest rate and installment data): |
What years does the table provide data for Net cash provided by (used in) operating activities? | Fiscal Year Ended August 31,
2019 2018 2017
Net cash provided by (used in) operating activities $1,193,066 $(1,105,448) $(1,464,085)
Net cash (used in) provided by investing activities (872,454) 1,240,914 2,141,263
Net cash used in financing activities (415,772) (47,044) (404,546)
Effect of exchange rate changes on cash and cash equivalents 554 (20,392) 5,228
Net (decrease) increase in cash and cash equivalents $(94,606) $68,030 $277,860
The following table sets forth selected consolidated cash flow information (in thousands): |
What was the Net cash (used in) provided by investing activities in 2018? | Fiscal Year Ended August 31,
2019 2018 2017
Net cash provided by (used in) operating activities $1,193,066 $(1,105,448) $(1,464,085)
Net cash (used in) provided by investing activities (872,454) 1,240,914 2,141,263
Net cash used in financing activities (415,772) (47,044) (404,546)
Effect of exchange rate changes on cash and cash equivalents 554 (20,392) 5,228
Net (decrease) increase in cash and cash equivalents $(94,606) $68,030 $277,860
The following table sets forth selected consolidated cash flow information (in thousands): |
What was the Net cash used in financing activities in 2019? | Fiscal Year Ended August 31,
2019 2018 2017
Net cash provided by (used in) operating activities $1,193,066 $(1,105,448) $(1,464,085)
Net cash (used in) provided by investing activities (872,454) 1,240,914 2,141,263
Net cash used in financing activities (415,772) (47,044) (404,546)
Effect of exchange rate changes on cash and cash equivalents 554 (20,392) 5,228
Net (decrease) increase in cash and cash equivalents $(94,606) $68,030 $277,860
The following table sets forth selected consolidated cash flow information (in thousands): |
What was the change in Net cash provided by (used in) operating activities between 2018 and 2019? | Fiscal Year Ended August 31,
2019 2018 2017
Net cash provided by (used in) operating activities $1,193,066 $(1,105,448) $(1,464,085)
Net cash (used in) provided by investing activities (872,454) 1,240,914 2,141,263
Net cash used in financing activities (415,772) (47,044) (404,546)
Effect of exchange rate changes on cash and cash equivalents 554 (20,392) 5,228
Net (decrease) increase in cash and cash equivalents $(94,606) $68,030 $277,860
The following table sets forth selected consolidated cash flow information (in thousands): |
What was the change in Net (decrease) increase in cash and cash equivalents between 2017 and 2018? | Fiscal Year Ended August 31,
2019 2018 2017
Net cash provided by (used in) operating activities $1,193,066 $(1,105,448) $(1,464,085)
Net cash (used in) provided by investing activities (872,454) 1,240,914 2,141,263
Net cash used in financing activities (415,772) (47,044) (404,546)
Effect of exchange rate changes on cash and cash equivalents 554 (20,392) 5,228
Net (decrease) increase in cash and cash equivalents $(94,606) $68,030 $277,860
The following table sets forth selected consolidated cash flow information (in thousands): |
What was the total percentage change in Effect of exchange rate changes on cash and cash equivalents between 2017 and 2019? | Fiscal Year Ended August 31,
2019 2018 2017
Net cash provided by (used in) operating activities $1,193,066 $(1,105,448) $(1,464,085)
Net cash (used in) provided by investing activities (872,454) 1,240,914 2,141,263
Net cash used in financing activities (415,772) (47,044) (404,546)
Effect of exchange rate changes on cash and cash equivalents 554 (20,392) 5,228
Net (decrease) increase in cash and cash equivalents $(94,606) $68,030 $277,860
The following table sets forth selected consolidated cash flow information (in thousands): |
What is the service cost for 2019? | (In thousands) 2019 2018 2017
Service cost $ 50 $ 5,809 $ 3,055
Interest cost 30,327 28,870 21,882
Expected return on plan assets (34,627) (38,640) (28,459)
Amortization of:
Net actuarial loss 2,890 6,110 6,244
Prior service cost (credit) 123 (204) (316)
Plan curtailment — (1,156) (1,337)
Plan settlement 6,726 94 17
Net periodic pension cost $ 5,489 $ 883 $ 1,086 |
In 2019, what was the pension settlement charge recognized? | In 2019, we purchased a group annuity contract to transfer the pension benefit obligations and annuity administration for a select group of retirees or their beneficiaries to an annuity provider. Upon issuance of the group annuity contract, the pension benefit obligation of $24.4 million for approximately 500 participants was irrevocably transferred to the annuity provider. The purchase of the group annuity was funded directly by the assets of the Pension Plans. During the year ended December 31, 2019, we recognized a pension settlement charge of $6.7 million as a result of the transfer of the pension liability to the annuity provider and other lump sum payments made during the year. |
What was the pre-tax curtailment gain in 2018? | In 2018 and 2017, the Retirement Plan was amended to freeze benefit accruals under the cash balance benefit plan for certain participants under collective bargaining agreements. As a result of these amendments, we recognized a pre-tax curtailment gain of $1.2 million and $1.3 million as a component of net periodic pension cost during the years ended December 31, 2018 and 2017, respectively. |
What was the service cost increase / (decrease) from 2018 to 2019? | (In thousands) 2019 2018 2017
Service cost $ 50 $ 5,809 $ 3,055
Interest cost 30,327 28,870 21,882
Expected return on plan assets (34,627) (38,640) (28,459)
Amortization of:
Net actuarial loss 2,890 6,110 6,244
Prior service cost (credit) 123 (204) (316)
Plan curtailment — (1,156) (1,337)
Plan settlement 6,726 94 17
Net periodic pension cost $ 5,489 $ 883 $ 1,086 |
What was the average interest cost for 2017-2019? | (In thousands) 2019 2018 2017
Service cost $ 50 $ 5,809 $ 3,055
Interest cost 30,327 28,870 21,882
Expected return on plan assets (34,627) (38,640) (28,459)
Amortization of:
Net actuarial loss 2,890 6,110 6,244
Prior service cost (credit) 123 (204) (316)
Plan curtailment — (1,156) (1,337)
Plan settlement 6,726 94 17
Net periodic pension cost $ 5,489 $ 883 $ 1,086 |
What was the average net actuarial loss for 2017-2019? | (In thousands) 2019 2018 2017
Service cost $ 50 $ 5,809 $ 3,055
Interest cost 30,327 28,870 21,882
Expected return on plan assets (34,627) (38,640) (28,459)
Amortization of:
Net actuarial loss 2,890 6,110 6,244
Prior service cost (credit) 123 (204) (316)
Plan curtailment — (1,156) (1,337)
Plan settlement 6,726 94 17
Net periodic pension cost $ 5,489 $ 883 $ 1,086 |
What is the incentive compensation received by Messrs Richard, Robert and Bruce Leeds respectively? | As noted above, Messrs Richard, Robert and Bruce Leeds no longer participate in incentive compensation. In addition, as
Mr. Reinhold left Systemax as the Chief Executive Officer in January 2019, he did not participate in the 2019 NEO Plan. |
What is the non-equity incentive target amount for Barry Litwin and Thomas Clark respectively? | Name Target ($) Cap (%) Net Sales (%) Adjusted Operating Income (%) Strategic Objectives (%) Corporate Governance (%) Business Unit/Individual Objectives (%)
Barry Litwin 1,113,750 111 20 60 18 4 0
Thomas Clark 225,000 150 0 0 0 0 100
Robert Dooley 615,000 150 0 0 0 0 100
Eric Lerner 300,900 150 0 0 0 0 100
Manoj Shetty 241,535 150 0 0 0 0 100 |
What is the non-equity incentive target amount for Robert Dooley and Eric Lerner respectively? | Name Target ($) Cap (%) Net Sales (%) Adjusted Operating Income (%) Strategic Objectives (%) Corporate Governance (%) Business Unit/Individual Objectives (%)
Barry Litwin 1,113,750 111 20 60 18 4 0
Thomas Clark 225,000 150 0 0 0 0 100
Robert Dooley 615,000 150 0 0 0 0 100
Eric Lerner 300,900 150 0 0 0 0 100
Manoj Shetty 241,535 150 0 0 0 0 100 |
What is the total non-equity incentive target amounts of all 5 NEOs in 2019? | Name Target ($) Cap (%) Net Sales (%) Adjusted Operating Income (%) Strategic Objectives (%) Corporate Governance (%) Business Unit/Individual Objectives (%)
Barry Litwin 1,113,750 111 20 60 18 4 0
Thomas Clark 225,000 150 0 0 0 0 100
Robert Dooley 615,000 150 0 0 0 0 100
Eric Lerner 300,900 150 0 0 0 0 100
Manoj Shetty 241,535 150 0 0 0 0 100 |
What is the total percentage net sales allocated under the 2019 Plan for Barry Litwin and Thomas Clark? | Name Target ($) Cap (%) Net Sales (%) Adjusted Operating Income (%) Strategic Objectives (%) Corporate Governance (%) Business Unit/Individual Objectives (%)
Barry Litwin 1,113,750 111 20 60 18 4 0
Thomas Clark 225,000 150 0 0 0 0 100
Robert Dooley 615,000 150 0 0 0 0 100
Eric Lerner 300,900 150 0 0 0 0 100
Manoj Shetty 241,535 150 0 0 0 0 100 |
What percentage of Barry Litwin's target amount under the 2019 plan is Robert Dooley's target amount? | Name Target ($) Cap (%) Net Sales (%) Adjusted Operating Income (%) Strategic Objectives (%) Corporate Governance (%) Business Unit/Individual Objectives (%)
Barry Litwin 1,113,750 111 20 60 18 4 0
Thomas Clark 225,000 150 0 0 0 0 100
Robert Dooley 615,000 150 0 0 0 0 100
Eric Lerner 300,900 150 0 0 0 0 100
Manoj Shetty 241,535 150 0 0 0 0 100 |
Which years does the table provide information for the company's Property, plant and equipment? | As of December 31,
2019 2018
Land and land improvements $1,095 $1,136
Buildings and improvements 68,350 70,522
Machinery and equipment 224,312 231,619
Less: Accumulated depreciation (188,719) (203,876)
Property, plant and equipment, net $105,038 $99,401
Property, plant and equipment is comprised of the following: |
What was the amount of buildings and improvements in 2019? | As of December 31,
2019 2018
Land and land improvements $1,095 $1,136
Buildings and improvements 68,350 70,522
Machinery and equipment 224,312 231,619
Less: Accumulated depreciation (188,719) (203,876)
Property, plant and equipment, net $105,038 $99,401
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data) |
What was the amount of Machinery and equipment in 2018? | As of December 31,
2019 2018
Land and land improvements $1,095 $1,136
Buildings and improvements 68,350 70,522
Machinery and equipment 224,312 231,619
Less: Accumulated depreciation (188,719) (203,876)
Property, plant and equipment, net $105,038 $99,401
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data) |
How many years did the amount of Machinery and equipment exceed $200,000 thousand? | As of December 31,
2019 2018
Land and land improvements $1,095 $1,136
Buildings and improvements 68,350 70,522
Machinery and equipment 224,312 231,619
Less: Accumulated depreciation (188,719) (203,876)
Property, plant and equipment, net $105,038 $99,401
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data) |
What was the change in the amount of Buildings and Improvements between 2018 and 2019? | As of December 31,
2019 2018
Land and land improvements $1,095 $1,136
Buildings and improvements 68,350 70,522
Machinery and equipment 224,312 231,619
Less: Accumulated depreciation (188,719) (203,876)
Property, plant and equipment, net $105,038 $99,401
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data) |
What was the percentage change in the the total net property, plant and equipment between 2018 and 2019? | As of December 31,
2019 2018
Land and land improvements $1,095 $1,136
Buildings and improvements 68,350 70,522
Machinery and equipment 224,312 231,619
Less: Accumulated depreciation (188,719) (203,876)
Property, plant and equipment, net $105,038 $99,401 |
What are the number of shares beneficially owned by L. Gordon Crovitz and Donald P. Hutchison respectively? | Name of Beneficial Owner Number of Shares Beneficially Owned Percent Owned
Directors and Named Executive Officers
L. Gordon Crovitz(1) 53,819 *
Donald P. Hutchison(2) 88,205 1.3
Brian Kinion(3) 16,016 *
Christopher Lien(4) 326,584 4.7
Daina Middleton(5) 36,888 *
Wister Walcott(6) 117,031 1.7
Robert Bertz — *
Bradley Kinnish(7) 62,147 *
All officers and directors as a group (8 persons)(8) 700,690 9.9
5% or Greater Stockholders
Benchmark Capital Partners VI, L.P(9) 553,502 8.1
Entities affiliated with DAG Ventures(10) 543,024 8.0
ESW Capital, LLC (11) 579,000 8.5 |
What are the number of shares beneficially owned by Brian Kinion and Christopher Lien respectively? | Name of Beneficial Owner Number of Shares Beneficially Owned Percent Owned
Directors and Named Executive Officers
L. Gordon Crovitz(1) 53,819 *
Donald P. Hutchison(2) 88,205 1.3
Brian Kinion(3) 16,016 *
Christopher Lien(4) 326,584 4.7
Daina Middleton(5) 36,888 *
Wister Walcott(6) 117,031 1.7
Robert Bertz — *
Bradley Kinnish(7) 62,147 *
All officers and directors as a group (8 persons)(8) 700,690 9.9
5% or Greater Stockholders
Benchmark Capital Partners VI, L.P(9) 553,502 8.1
Entities affiliated with DAG Ventures(10) 543,024 8.0
ESW Capital, LLC (11) 579,000 8.5 |
What are the number of shares beneficially owned by Daina Middleton and Wister Walcott respectively? | Name of Beneficial Owner Number of Shares Beneficially Owned Percent Owned
Directors and Named Executive Officers
L. Gordon Crovitz(1) 53,819 *
Donald P. Hutchison(2) 88,205 1.3
Brian Kinion(3) 16,016 *
Christopher Lien(4) 326,584 4.7
Daina Middleton(5) 36,888 *
Wister Walcott(6) 117,031 1.7
Robert Bertz — *
Bradley Kinnish(7) 62,147 *
All officers and directors as a group (8 persons)(8) 700,690 9.9
5% or Greater Stockholders
Benchmark Capital Partners VI, L.P(9) 553,502 8.1
Entities affiliated with DAG Ventures(10) 543,024 8.0
ESW Capital, LLC (11) 579,000 8.5 |
What is the average number of shares owned by L. Gordon Crovitz and Donald P. Hutchison? | Name of Beneficial Owner Number of Shares Beneficially Owned Percent Owned
Directors and Named Executive Officers
L. Gordon Crovitz(1) 53,819 *
Donald P. Hutchison(2) 88,205 1.3
Brian Kinion(3) 16,016 *
Christopher Lien(4) 326,584 4.7
Daina Middleton(5) 36,888 *
Wister Walcott(6) 117,031 1.7
Robert Bertz — *
Bradley Kinnish(7) 62,147 *
All officers and directors as a group (8 persons)(8) 700,690 9.9
5% or Greater Stockholders
Benchmark Capital Partners VI, L.P(9) 553,502 8.1
Entities affiliated with DAG Ventures(10) 543,024 8.0
ESW Capital, LLC (11) 579,000 8.5 |
What is the average number of shares beneficially owned by Brian Kinion and Christopher Lien? | Name of Beneficial Owner Number of Shares Beneficially Owned Percent Owned
Directors and Named Executive Officers
L. Gordon Crovitz(1) 53,819 *
Donald P. Hutchison(2) 88,205 1.3
Brian Kinion(3) 16,016 *
Christopher Lien(4) 326,584 4.7
Daina Middleton(5) 36,888 *
Wister Walcott(6) 117,031 1.7
Robert Bertz — *
Bradley Kinnish(7) 62,147 *
All officers and directors as a group (8 persons)(8) 700,690 9.9
5% or Greater Stockholders
Benchmark Capital Partners VI, L.P(9) 553,502 8.1
Entities affiliated with DAG Ventures(10) 543,024 8.0
ESW Capital, LLC (11) 579,000 8.5 |
What is the average number of shares beneficially owned by Daina Middleton and Wister Walcott? | Name of Beneficial Owner Number of Shares Beneficially Owned Percent Owned
Directors and Named Executive Officers
L. Gordon Crovitz(1) 53,819 *
Donald P. Hutchison(2) 88,205 1.3
Brian Kinion(3) 16,016 *
Christopher Lien(4) 326,584 4.7
Daina Middleton(5) 36,888 *
Wister Walcott(6) 117,031 1.7
Robert Bertz — *
Bradley Kinnish(7) 62,147 *
All officers and directors as a group (8 persons)(8) 700,690 9.9
5% or Greater Stockholders
Benchmark Capital Partners VI, L.P(9) 553,502 8.1
Entities affiliated with DAG Ventures(10) 543,024 8.0
ESW Capital, LLC (11) 579,000 8.5 |
What was the percentage change in the retail satellite TV net customer losses from 2018 to 2019? | 2019 2018 CHANGE % CHANGE
Retail net subscriber activations (losses) (1) 6,053 21,559 (15,506) (71.9%)
IPTV 91,476 110,790 (19,314) (17.4%)
Satellite (85,423) (89,231) 3,808 4.3%
Total retail subscribers (1) 2,772,464 2,766,411 6,053 0.2%
IPTV 1,767,182 1,675,706 91,476 5.5%
Satellite 1,005,282 1,090,705 (85,423) (7.8%)
Retail satellite TV net customer losses improved by 4.3% compared to 2018, attributable to lower deactivations, reflecting a more mature subscriber base geographically better-suited for satellite TV service. |
What resulted in the change in the retail IPTV net subscriber activations in 2019? | Retail IPTV net subscriber activations decreased by 17.4% in 2019, compared to last year, resulting from the impact of a maturing Fibe TV market, slower new service footprint growth and greater substitution of traditional TV services with OTT services, partly offset by higher Alt TV activations. |
What was the change in the total retail subscribers? | 2019 2018 CHANGE % CHANGE
Retail net subscriber activations (losses) (1) 6,053 21,559 (15,506) (71.9%)
IPTV 91,476 110,790 (19,314) (17.4%)
Satellite (85,423) (89,231) 3,808 4.3%
Total retail subscribers (1) 2,772,464 2,766,411 6,053 0.2%
IPTV 1,767,182 1,675,706 91,476 5.5%
Satellite 1,005,282 1,090,705 (85,423) (7.8%) |
What is the change in the number of IPTV retail subscribers in 2019? | 2019 2018 CHANGE % CHANGE
Retail net subscriber activations (losses) (1) 6,053 21,559 (15,506) (71.9%)
IPTV 91,476 110,790 (19,314) (17.4%)
Satellite (85,423) (89,231) 3,808 4.3%
Total retail subscribers (1) 2,772,464 2,766,411 6,053 0.2%
IPTV 1,767,182 1,675,706 91,476 5.5%
Satellite 1,005,282 1,090,705 (85,423) (7.8%) |
What is the percentage of Satellite subscribers out of the total retail subscribers in 2019? | 2019 2018 CHANGE % CHANGE
Retail net subscriber activations (losses) (1) 6,053 21,559 (15,506) (71.9%)
IPTV 91,476 110,790 (19,314) (17.4%)
Satellite (85,423) (89,231) 3,808 4.3%
Total retail subscribers (1) 2,772,464 2,766,411 6,053 0.2%
IPTV 1,767,182 1,675,706 91,476 5.5%
Satellite 1,005,282 1,090,705 (85,423) (7.8%) |
What is the percentage of IPTV subscribers out of the total retail subscribers in 2019? | 2019 2018 CHANGE % CHANGE
Retail net subscriber activations (losses) (1) 6,053 21,559 (15,506) (71.9%)
IPTV 91,476 110,790 (19,314) (17.4%)
Satellite (85,423) (89,231) 3,808 4.3%
Total retail subscribers (1) 2,772,464 2,766,411 6,053 0.2%
IPTV 1,767,182 1,675,706 91,476 5.5%
Satellite 1,005,282 1,090,705 (85,423) (7.8%) |
What would the amount of inventories be if the FIFO method of inventory had been used instead of the LIFO method? | If the FIFO method of inventory had been used instead of the LIFO method, inventories would have been $178.4 million and $210.3 million higher as of June 30, 2019 and 2018, respectively. Current cost of LIFO-valued inventories was $793.0 million at June 30, 2019 and $760.8 million at June 30, 2018. The reductions in LIFO-valued inventories decreased cost of sales by $0.0 million during fiscal year 2019 and $0.6 million during fiscal year 2018 and $0.0 million during fiscal year 2017. |
What was the effect of reductions in LIFO-valued inventories? | If the FIFO method of inventory had been used instead of the LIFO method, inventories would have been $178.4 million and $210.3 million higher as of June 30, 2019 and 2018, respectively. Current cost of LIFO-valued inventories was $793.0 million at June 30, 2019 and $760.8 million at June 30, 2018. The reductions in LIFO-valued inventories decreased cost of sales by $0.0 million during fiscal year 2019 and $0.6 million during fiscal year 2018 and $0.0 million during fiscal year 2017. |
In which years was inventories calculated? | June 30,
($ in millions) 2019 2018
Raw materials and supplies $169.8 $157.5
Work in process 425.7 372.5
Finished and purchased products 192.2 159.2
Total inventory $787.7 $689.2
Inventories consisted of the following components at June 30, 2019 and 2018: |
In which year was Raw materials and supplies larger? | June 30,
($ in millions) 2019 2018
Raw materials and supplies $169.8 $157.5
Work in process 425.7 372.5
Finished and purchased products 192.2 159.2
Total inventory $787.7 $689.2 |
What was the change in Raw materials and supplies in 2019 from 2018? | June 30,
($ in millions) 2019 2018
Raw materials and supplies $169.8 $157.5
Work in process 425.7 372.5
Finished and purchased products 192.2 159.2
Total inventory $787.7 $689.2 |
What was the percentage change in Raw materials and supplies in 2019 from 2018? | June 30,
($ in millions) 2019 2018
Raw materials and supplies $169.8 $157.5
Work in process 425.7 372.5
Finished and purchased products 192.2 159.2
Total inventory $787.7 $689.2 |
How is Basic earnings per share computed? | Basic earnings per share are computed by dividing net income, attributable to OpenText, by the weighted average number of Common Shares outstanding during the period. Diluted earnings per share are computed by dividing net income, attributable to OpenText, by the shares used in the calculation of basic earnings per share plus the dilutive effect of Common Share equivalents, such as stock options, using the treasury stock method. Common Share equivalents are excluded from the computation of diluted earnings per share if their effect is anti-dilutive. |
How is Diluted earnings per share computed? | Basic earnings per share are computed by dividing net income, attributable to OpenText, by the weighted average number of Common Shares outstanding during the period. Diluted earnings per share are computed by dividing net income, attributable to OpenText, by the shares used in the calculation of basic earnings per share plus the dilutive effect of Common Share equivalents, such as stock options, using the treasury stock method. Common Share equivalents are excluded from the computation of diluted earnings per share if their effect is anti-dilutive. |
When is Common Share equivalents are excluded from the computation of diluted earnings per share excluded? | Basic earnings per share are computed by dividing net income, attributable to OpenText, by the weighted average number of Common Shares outstanding during the period. Diluted earnings per share are computed by dividing net income, attributable to OpenText, by the shares used in the calculation of basic earnings per share plus the dilutive effect of Common Share equivalents, such as stock options, using the treasury stock method. Common Share equivalents are excluded from the computation of diluted earnings per share if their effect is anti-dilutive. |
What is the difference of Basic earnings per share attributable to OpenText for fiscal year 2019 and 2018? | Year Ended June 30,
2019 2018 2017
Basic earnings per share
Net income attributable to OpenText $285,501 $242,224 $1,025,659(1)
Basic earnings per share attributable to OpenText $1.06 $0.91 $4.04
Diluted earnings per share
Net income attributable to OpenText $285,501 $242,224 $1,025,659(1)
Diluted earnings per share attributable to OpenText $1.06 $0.91 $4.01
Weighted-average number of shares outstanding (in 000's)
Basic 268,784 266,085 253,879
Effect of dilutive securities 1,124 1,407 1,926
Diluted 269,908 267,492 255,805
Excluded as anti-dilutive(2) 2,759 2,770 1,371 |
What is the Effect of dilutive securities expressed as a percentage of Excluded as anti-dilutive for fiscal year 2019? | Year Ended June 30,
2019 2018 2017
Basic earnings per share
Net income attributable to OpenText $285,501 $242,224 $1,025,659(1)
Basic earnings per share attributable to OpenText $1.06 $0.91 $4.04
Diluted earnings per share
Net income attributable to OpenText $285,501 $242,224 $1,025,659(1)
Diluted earnings per share attributable to OpenText $1.06 $0.91 $4.01
Weighted-average number of shares outstanding (in 000's)
Basic 268,784 266,085 253,879
Effect of dilutive securities 1,124 1,407 1,926
Diluted 269,908 267,492 255,805
Excluded as anti-dilutive(2) 2,759 2,770 1,371 |
What is the average annual Basic earnings per share attributable to OpenText? | Year Ended June 30,
2019 2018 2017
Basic earnings per share
Net income attributable to OpenText $285,501 $242,224 $1,025,659(1)
Basic earnings per share attributable to OpenText $1.06 $0.91 $4.04
Diluted earnings per share
Net income attributable to OpenText $285,501 $242,224 $1,025,659(1)
Diluted earnings per share attributable to OpenText $1.06 $0.91 $4.01
Weighted-average number of shares outstanding (in 000's)
Basic 268,784 266,085 253,879
Effect of dilutive securities 1,124 1,407 1,926
Diluted 269,908 267,492 255,805
Excluded as anti-dilutive(2) 2,759 2,770 1,371 |
Subsets and Splits