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CSQE - Certified Software Quality Engineer Certification (CSQE) - Dump Information

Vendor : Quality-Assurance
Exam Code : CSQE
Exam Name : Certified Software Quality Engineer Certification (CSQE)
Questions and Answers : 89 Q & A
Updated On : February 21, 2019
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CSQE Questions and Answers

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CSQE Certified Software Quality Engineer Certification (CSQE)

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CSQE exam Dumps Source : Certified Software Quality Engineer Certification (CSQE)

Test Code : CSQE
Test Name : Certified Software Quality Engineer Certification (CSQE)
Vendor Name : Quality-Assurance
Q&A : 89 Real Questions

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Quality-Assurance Certified Software Quality Engineer

follow Fusion EHR Achieves excellent Assurance (NCQA) Certification | killexams.com Real Questions and Pass4sure dumps

Practice Fusion EHR

follow Fusion, the web-primarily based EHR company, has finished patient-established medical home (PCMH) pre-validation from the national Committee for excellent Assurance (NCQA) for NCQA’s PCMH 2017 software. This reputation brings follow Fusion’s consumers one step closer to reaching PCMH recognition throughout the streamlined identification of skills fitness IT options. Practices which are able to gain PCMH recognition reap a couple of measurable benefits in addition to conserving and improving upon the usual goal of proposing superior quality care for sufferers. 

observe Fusion’s adherence to the PCMH model of healthcare birth makes it easier for practices to meet the rigorous requisites required for clinical home cognizance while invariably constructing upon the crucial theme of enhancing affected person-concentrated care. As we stream into the brand new yr, a favorable patient event is becoming an ever-expanding precedence for the healthcare business, and follow Fusion’s pre-validation fame calls upon small practices to move toward improving patient experiences via moving towards cost-based mostly care.

besides helping provide normal enhanced first-class of care for patients, practices that achieve NCQA PCMH recognition might also benefit in varied techniques, including:

– better efficiency and reduce apply charges. NCQA’s PCMH guidelines are most effective-in-class for helping to streamline care coordination and care management.

– more suitable compensation aid. Federal, state and business payers may additionally present incentive classes and superior support to practices that acquire NCQA PCMH attention.

– further recognition. Accreditation shows to patients that a convention presents improved features and better satisfactory of care.

“by offering utility that helps surgeon practices construct the patient-focused, coordinated care infrastructure anticipated of NCQA affected person-situated scientific buildings, observe Fusion is helping practices be a part of modern healthcare’s most important transformations,” said NCQA President Margaret E. O’Kane. “medical homes are the manner of the longer term, and practice Fusion is helping practices get there.”


pleasant Assurance Engineering practicing programs and classes | killexams.com Real Questions and Pass4sure dumps

students attracted to first-class assurance engineering ought to complete an undergraduate diploma to enter the box; graduate courses are additionally accessible in great assurance. These courses center of attention on math and the management of laptop programs security.

simple information

moreover a bachelor's diploma in excellent engineering, some college students finished four-yr levels in utility design or computing device science to enhance their leading container of examine. master's classes in first-class assurance-connected areas are actually offered at many universities as neatly. typically, a high faculty diploma or GED is necessary for entry into the undergraduate application while a bachelor's degree is expected for admission into a graduate program. Many degree courses offer students the probability to profit professional adventure via supervised internships at native organisations.

After commencement, carrying on with education programs selected to best assurance engineering may even be available. nice assurance engineers can additionally become certified in their certain box.

Bachelor of Science in great Engineering

A Bachelor of Science (B.S.) in first-rate Engineering is a four-yr, undergraduate diploma software designed to prepare college students for either a career within the container or extra schooling. college students find out how to identify issues and correctly control and unravel these complications. classes in high-quality engineering may consist of:

  • Fundamentals of fine
  • Technical documentation and inspection
  • Calculus
  • suggestions safety
  • chance management
  • discover faculties that present these regularly occurring courses

    grasp of Engineering administration

    The master of Engineering management (M.E.M.) is a 2-yr, graduate diploma application that builds upon the potential won in undergraduate engineering classes. Most classes provide students the opportunity to concentrate their studies in best assurance, and many classes require college students to finished a graduate challenge or thesis earlier than graduating. students examine plenty of superior excellent engineering topics, together with:

  • advanced best manage
  • Engineering information
  • first-class techniques
  • Employment Outlook and salary suggestions

    depending on an worker's degree of schooling, an assurance engineer can have diverse job titles. nice control inspectors earned a median income of $36,000, and computing device and assistance programs managers made a median revenue of $131,600 as of 2015, in accordance with the U.S. Bureau of Labor facts (BLS). Employment alternatives for best control inspectors is predicted to remain stagnant, whereas laptop and tips techniques managers will see a faster-than-general 15% employment boost, between 2014 and 2024 based on the BLS.

    carrying on with education

    there are many certification courses and workshops obtainable for personnel who wish to benefit extra knowledgeable construction. issues that can be covered in such workshop seminars consist of:

  • check methodology
  • pleasant assurance know-how
  • exceptional assurance engineering training
  • can charge control in exceptional assurance
  • Certifications

    satisfactory assurance engineers can finished a number of certifications provided through the American Society for excellent (ASQ), including the high-quality technician and first-rate inspector certifications. Engineers attracted to becoming licensed need to have a specific amount of experience working in the container and move a certification exam.

    college students attracted to great assurance engineering can examine the field at both the bachelor's and grasp's stage. Upon completion of the diploma software, pursuing a career as a top quality handle inspector or computing device and counsel techniques supervisor is ideal.


    licensed utility quality Engineer (CSQE) | killexams.com Real Questions and Pass4sure dumps

    linked materials: Books   

    This vendor-impartial Certification is offered via:American Society for satisfactory (ASQ)Milwaukee, WI USAPhone: 800-248-1946Email: This e-mail address is being included from spambots. You need JavaScript enabled to view it.

    ability stage: superior                          popularity: lively

    affordable: $399 (shortest track)               

    summary:Designed for those that have a comprehensive figuring out of software excellent development and implementation; have a radical figuring out of software inspection and trying out, verification, and validation; and might implement application construction and maintenance processes and methods.

    preliminary requirements:You have to have eight years of on-the-job experience in a single or more of the areas of the licensed application first-rate Engineer physique of capabilities. no less than three years of this experience should be in a choice-making place. in case you have a level, diploma or certificates software beyond high faculty, you may be capable of waive one of the vital required adventure.

    You should then flow 1 exam ($399). there is a 3 - 5 hour cut-off date for the examination. The exam is open booklet. ASQ participants save $140 off the exam price. ASQ full membership charges $138 annually.

    carrying on with requirements:ought to recertify each 3 years either by completing knowledgeable activities that qualify for credit or by way of testing.

    online substances:There are sample questions and a top level view of the CBOK found at this certification's internet web page.

    Offline substances:no longer accessible

    See all Asq Certifications

    vendor's page for this certification


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    Garmin Ltd. (GRMN) Q4 2018 Earnings Conference Call Transcript | killexams.com real questions and Pass4sure dumps

    Logo of jester cap with thought bubble.

    Image source: The Motley Fool.

    Garmin Ltd.  (NASDAQ:GRMN)Q4 2018 Earnings Conference CallFeb. 20, 2019, 10:30 a.m. ET

    Contents:
  • Prepared Remarks
  • Questions and Answers
  • Call Participants
  • Prepared Remarks:

    Operator

    Good day, ladies and gentlemen. And welcome to the Garmin Limited Fourth Quarter 2018 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session, and instructions will follow at that time. (Operator Instructions)

    I would now like to introduce your host for today's conference, Ms. Teri Seck, Manager of Investor Relations. Ma'am, you may begin.

    Teri Seck -- Manager, Investor Relations

    Good morning. We would like to welcome you to the Garmin Limited fourth quarter 2018 Earnings Call. Please note that the earnings press release and related slides are available at Garmin's Investor Relations site on the Internet at www.garmin.com/doc. An archive of the webcast and related transcripts will also be available on our website. As a reminder, we adopted the new US GAAP revenue standard in the first quarter of 2018. The prior periods presented here have been restated to reflect adoption of this standard.

    This earnings call includes projections and other forward-looking statements regarding Garmin Limited and its business. Any statements regarding our future financial position, revenues, earnings, gross and operating margins and future dividends, market shares, product introduction, future demand for our product and plans and objectives are forward-looking statements. The forward-looking events and circumstances discussed in this earnings call may not occur and actual results could differ materially as a result of risk factors affecting Garmin. Information concerning these risk factors is contained in our Form 10-K filed with the Securities and Exchange Commission.

    Presenting on behalf of Garmin Limited this morning are Cliff Pemble, President and Chief Executive Officer; and Doug Boessen, Chief Financial Officer and Treasurer.

    At this time, I would like to turn the call over to Cliff Pemble.

    Clifton Albert Pemble -- President and Chief Executive Officer

    Thank you, Teri, and good morning, everyone. As announced earlier today, we finished 2018 strong, with revenue for the quarter increasing 4% over the prior year to $932 million. Aviation, Marine, Outdoor and Fitness collectively increased 13% over the prior year. Gross margin improved to 58.9%, driven by both product and segment mix. Operating margin improved to 23.9% and operating income increased 21% over the prior year. These results generated GAAP EPS of $1 and pro forma EPS of $1.02 in the quarter, an increase of 26%.

    Looking briefly at full year performance, 2018 was our third consecutive year of revenue and operating income growth. We launched many innovative products, some of which have become halo products in their respective markets. I will highlight accomplishments in each of our business segments in a moment, but looking back at 2018, I'm very pleased with everything we accomplished.

    For the year, revenue increased 7% to over $3.3 billion. Combined revenue from Aviation, Marine, Outdoor and Fitness increased 16%. Gross margin improved to 59.1%. Operating margin improved to 23.3% and operating income increased 14%. This resulted in GAAP EPS of $3.66 and pro forma EPS of $3.69, an increase of 22% over the prior year. The growth in EPS and cash generation, gives us confidence in proposing an 8% increase in the quarterly dividend. We shipped nearly 15 million units during the year, bringing our total to over 205 million since inception, which includes over 1 million certified Aviation products.

    Doug will discuss our financial results in greater detail in a few minutes, but first, I would like to highlight some achievements from the past year and outlook in each of our five business segments. Starting with Aviation, revenue increased 20%, driven by growth in both aftermarket and OEM product categories. ADS-B continues to be a driver of solid performance in the aftermarket, while new platforms and favorable market conditions led the growth in the OEM category. Gross and operating margins were 75% and 34%, respectively, and operating income increased 33% over the prior year. During the year, Tactical Air selected us to equip their fleet of F-5 fighter aircraft, which is the second program win for our tandem integrated flight deck.

    Also during the year, we were recognized by Airbus Helicopters and Embraer as Outstanding Supplier of the Year and most recently Garmin was ranked number one in Avionics product support by Professional Pilot Magazine and by Aviation International News for the 15th consecutive year. The recognition we are receiving is significant because the aviation industry demands strong performance from those that participate in the market. I congratulate our team on earning these awards, which is a testament to the quality of Garmin Equipment and the amazing way our associates care for our customers.

    Looking ahead, positive market conditions, contributions from new products and platforms, and ADS-B provide growth opportunities in both OEM and aftermarket product categories. With these things in mind, we anticipate revenue in the Aviation segment will increase approximately 10% in 2019.

    Looking next at the Marine, revenue increased to 18%, driven by strength in a broad range of product lines. During the year, we launched Panoptix LiveScope, a sonar system that generates real time video like images underwater. LiveScope was quickly recognized by the Marine industry as disruptive new technology and has become a halo product in our Marine portfolio. Gross and operating margins improved to 59% and 14%, respectively, and operating income increased 26%.

    We recently introduced new versions of our flagship GPSMAP and echoMap chartplotters, which included a new map combining the best of Garmin and Navionics content. This marks the achievement of a major objective we established for the Navionics acquisition. We continue to gain market share in the OEM category. During the year we were named as an exclusive supplier to several boat manufacturers. We entered 2019 confident in our portfolio of strong products such as Panoptix LiveScope and our flagship GPSMAP and echoMap Series. We anticipate revenue in the Marine segment will increase approximately 10% for the year.

    Turning next to Outdoor, revenue increased 16% on strong demand for outdoor adventure watches, golf products and inReach subscription services. Gross and operating margins were 65% and 36%, respectively, and operating income increased 16% over the prior year. During the year, we've built on the momentum in the adventure watch category with the introduction of the fenix 5 Plus series with streaming music, built-in maps and mobile payments. We also extended the category with the introduction of Instinct and Descent. Looking ahead, we anticipate revenue in the Outdoor segment will increase approximately 10% in 2019, driven primarily by growth in watches and inReach subscriptions.

    Looking next at Fitness, revenue increased 13%, driven by growth in all product categories. Gross and operating margins were 55% and 21%, respectively, and operating income increased 24% over the prior year. In 2018, we launched new music enabled wearables and added seven music providers into our Connect IQ App Store, including Spotify, Deezer and KKBOX. Last week we signed an agreement to purchase Tacx, a leading provider of indoor bike trainers and we expect this acquisition to be completed sometime in the second quarter. In 2019, we anticipate revenue growth of approximately 13%, which includes the acquisition of Tacx, as well as organic growth within the segment.

    Looking finally at the Auto segment, revenue decreased 19% for the full year due to the ongoing decline of the PND market and lower auto OEM sales driven by program timing. Gross and operating margins were 43% and 6%, respectively. Our global PND market share remains very strong and at the recent Consumer Electronic Show, we announced our new Drive PNDs, with simplified road trip ready features. In the OEM category, we were awarded new business that will contribute starting in 2020. Looking at 2019, we anticipate revenue will decrease approximately 18% driven by the ongoing decline of the PND market, as well as softness in OEM due to program timing mentioned earlier.

    In summary, we began our 30th year of operations with opportunities in all segments. We anticipate revenue of approximately $3.5 billion, up 5% year-over-year. Our plan calls for stronger growth in the second half of the year due to the timing of product launches. We anticipate gross margin of approximately 59.5% and operating margin of approximately 22.7%. We anticipate a full year pro forma effective tax rate of approximately 16.5%, resulting in pro forma earnings per share of approximately $3.70.

    That concludes my remarks. Next, Doug will walk you through additional details on financial results. Doug?

    Douglas Gerard Boessen -- Chief Financial Officer and Treasurer

    Thanks, Cliff. Good morning, everyone. Let me begin by reviewing our fourth quarter and full-year financial results, then move to the comments on the balance sheet, cash flow statement and taxes. We posted revenue of $932 million for the fourth quarter, representing a 4% increase year-over-year. Gross margin was 58.9%, 280-basis-point increase from the prior year. Operating expense as a percentage of sales was 35%, a 70-basis-point decrease from the prior year. Operating income was $223 million, a 21% increase over the prior year. Operating margin was 23.9%, 350-basis-point increase from the prior year. Our GAAP EPS was $1, pro forma EPS was $1.02, a 26% increase from the prior year.

    Looking at full year results, we posted revenue over $3.3 billion for the year, representing 7% increase year-over-year. Gross margin was 59.1%, 150-basis-point increase from the prior year. Operating expense as a percentage of sales was 35.9%, a 20-basis-point increase from the prior year. Operating income was $778 million, a 14% increase over the prior year. Operating margin was 23.3%, an increase of 140 basis points from the prior year, driven by the increase in gross margin. Our GAAP EPS was $3.66, pro forma EPS was $3.69, a 22% increase from the prior year.

    Next, we look at fourth quarter and full year revenue by segment. During the fourth quarter, we achieved double-digit growth in three of our five segments, led by the Outdoor segment with 25% growth, followed closely by the Aviation segment with growth of 22%. For the full year 2018, we achieved 7% consolidated growth, double-digit growth in four of our five segments.

    Looking next at fourth quarter revenue and operating income. Collectively the Aviation, Marine, Outdoor, Fitness segments contributed 84% to total revenue in the fourth quarter 2018, compared to 77% the prior year quarter. Outdoor grew from 23% to 27%. Aviation grew from 14% to 17%. You can see from the charts illustrate our profit mix by segment Aviation, Marine, Outdoor and Fitness segments collectively delivered 97% of operating income in the fourth quarter 2018, compared to 88% in the fourth quarter 2017. Outdoor operating income as a percentage of total operating income increased from 40% to 43%.

    Looking next, the full year charts. For the full year the Aviation, Marine, Outdoor, Fitness segments made up 81% of total revenue, compared to 75% in 2017. A similar shift occurred in operating income with 95% of 2018 operating income collectively coming from the Aviation, Marine, Outdoor and Fitness segments, compared to 88% in 2017. All segments besides Auto, a year-over-year increase in both operating income dollars and operating margin.

    Looking next at operating expenses. Fourth quarter operating expenses increased by $6 million or 2%. Research and Development increased $12 million year-over-year due to investments in engineering resources. Our advertising expense decreased $4 million from the prior year quarter, representing 5.9% of sales, 60-basis-point decrease. Decrease was primarily due to lower media spend in the Fitness segment. SG&A decreased $3 million compared to prior quarter was 13.5% of sales, 90-basis-point decrease compared to prior year. Decrease was due to prior year litigation-related costs, partially offset by increased personnel-related expenses.

    A few highlights on the balance sheet, cash flow statement and dividend payments. We ended the quarter with cash and marketable securities of approximately $2.7 billion. Cash receivable increased sequentially to $570 million due to holiday quarter and decreased year-over-year due to timing of cash receipts. Inventory balance increased both sequentially and year-over-year to $562 million. During the fourth quarter 2018, we generated free cash flow of approximately $185 million. For the full year 2018, we generated free cash flow of approximately $764 million, a $243 million increase to the prior year. We announced that we plan to seek shareholder approval for an increased dividend beginning with the June 2019 payment. The proposal to the cash dividend of $2.28 per share, $0.57 per share per quarter, 8% increase from our current quarterly dividend of $0.53 per share.

    For the full year 2018, we reported an effective tax rate of 15.7%, 520-basis-point decrease from the prior year, primarily due to benefits from US tax reform. We expect our full year 2019 pro forma effective tax rate to be approximately 16.5%. The year-over-year increase in 2019 pro forma effective tax rate is primarily due to lower expected reserve releases compared to 2018.

    This concludes our formal remarks. Chanel, please open the line for Q&A.

    Questions and Answers:

    Operator

    Thank you. (Operator Instructions) Our first question comes from the line of Robert Spingarn of Credit Suisse. You line is now open.

    Robert Spingarn -- Credit Suisse -- Analyst

    Good morning.

    Clifton Albert Pemble -- President and Chief Executive Officer

    Good morning.

    Teri Seck -- Manager, Investor Relations

    Good morning.

    Robert Spingarn -- Credit Suisse -- Analyst

    Very good numbers guys. I wanted to ask you just on the -- to start with on the margins, on the gross margins Cliff or Doug. How do we think about that improvement considering volume, mix, pricing, those three factors and anything else that I should be throwing in there?

    Clifton Albert Pemble -- President and Chief Executive Officer

    Yeah. On the year, our margin improvement is primarily segment driven mix. On the quarter, it's both segment and product mix.

    Robert Spingarn -- Credit Suisse -- Analyst

    And then how -- yeah. Go ahead, Doug.

    Douglas Gerard Boessen -- Chief Financial Officer and Treasurer

    Yeah. We did see some improvement in the Outdoor gross margin year-over-year for the quarter that's primarily due to, Cliff mentioned, product mix, higher percentage of wearables year-over-year and also some improvement in the Marine gross margin also due to product mix.

    Robert Spingarn -- Credit Suisse -- Analyst

    And are there any pricing trends at work here that we should think about? Or is it -- is pricing stable or do you see any kind of moderation as technology gets with competition and technology somewhat matures?

    Clifton Albert Pemble -- President and Chief Executive Officer

    Yeah. Competition is obviously still a factor, especially around holiday promotion times. Our product life cycles within the various segments, do also have an impact, particularly in Outdoor, where we have the new fenix watches for most of the year. So, going forward, I think, all those things are dynamic, we would anticipate just following the market and doing the best we can.

    Robert Spingarn -- Credit Suisse -- Analyst

    Okay. And then just on the sales guidance. The sales guidance is a little bit short of what you delivered in 2018, but then again you did better in 2018 than you initially guided. You did 7.5% against, I think -- the original guidance of about 3%, is this just typical conservatism or are there any fundamental elements that we should really be thinking about, for example, maybe ADS-B activity fading as we get into 2019 or anything else across the segments we should be thinking about?

    Clifton Albert Pemble -- President and Chief Executive Officer

    I think the segment level guidance speaks for itself. I think that in terms of our overall guidance, we spend a lot of time on that and we've articulated a roadmap that we believe we can deliver. So that's really what goes behind our guidance at the beginning of the year, there's still a lot of the year ahead of us. So as things develop, of course, we'll update that, but right now, that's our view and our roadmap.

    Robert Spingarn -- Credit Suisse -- Analyst

    Thank you very much.

    Clifton Albert Pemble -- President and Chief Executive Officer

    Thank you.

    Operator

    Thank you. Our next question comes from the line of Ronald Epstein of Bank of America Merrill Lynch. Your line is now open.

    Caitlin Dullanty -- Bank of America Merrill Lynch -- Analyst

    Hey, guys. It's Caitlin Dullanty on Ron Epstein today. My first question is, can -- how did the US Government shutdown effect the ADS-B upgrade? Did you encounter any delays, and if so, should we expect to see a pickup of pent up demand going into 2019?

    Clifton Albert Pemble -- President and Chief Executive Officer

    We really didn't see any impact from the shutdown on ADS-B itself. I think that there is lots of puts and takes at the shop level of the industry. So I wouldn't say that there was zero impact, but it was hard to detect at least from the activity that we saw. And so, going forward, I don't think there is a major wave that comes through because of the reopening. We expect that the upgrades will continue strong into 2019, because there's still quite a few aircraft to equip and shop capacity is still a factor.

    Caitlin Dullanty -- Bank of America Merrill Lynch -- Analyst

    Okay. Thank you. That's very helpful. And then, can you talk a bit about how the two new product launches such as the Instinct watch and the GPSMAP 66 handheld contributed to Outdoor growth in the quarter?

    Clifton Albert Pemble -- President and Chief Executive Officer

    Yes. Instinct really opened a new category of product for us, a new kind of customers. So we view that as new opportunity within the overall wearable. And the GPSMAP was a refresh of our product line and so whenever we do that, we're able to capture people who upgrade and people who are looking for new features and products that they might already have. So kind of a new product refresh bump there.

    Caitlin Dullanty -- Bank of America Merrill Lynch -- Analyst

    All right. Thank you so much.

    Clifton Albert Pemble -- President and Chief Executive Officer

    Thanks, Caitlin.

    Operator

    Thank you. Our next question comes from the line of Charlie Anderson from Dougherty & Company. Your line is now open.

    Charlie Anderson -- Dougherty & Company LLC -- Analyst

    Yeah. Thanks for taking my questions and congrats on a really strong 2018.

    Clifton Albert Pemble -- President and Chief Executive Officer

    Thank you.

    Charlie Anderson -- Dougherty & Company LLC -- Analyst

    Cliff, I wanted to start with question on Auto. So, PND continued its current rate of decline, which looks like it's in kind of low 20% range. I realize that you have some program timing that's impacting OEM right now, but you do have BMW, Geely and others coming in later. I think you also referenced in the past that you have some unannounced wins. I wonder how should we think about that business over the next few years. Is there a point at which it stabilizes or even grows and then I've got a follow-up?

    Clifton Albert Pemble -- President and Chief Executive Officer

    Yes. We believe there is a point where definitely it will stabilize and grow.

    Charlie Anderson -- Dougherty & Company LLC -- Analyst

    Can you speak to -- if that's something we could sort of consider on the 2021, 2020 type timeframe or any more color there?

    Clifton Albert Pemble -- President and Chief Executive Officer

    Well, it's a little early to talk about 2020, but I would say, consistent with the remarks that we made earlier that many of the programs we've talked about start to hit in 2020 and so that will be a key year for us and looking forward as well as we have additional programs that come online.

    Charlie Anderson -- Dougherty & Company LLC -- Analyst

    Okay. Great. And then on Aviation, I wonder what are some of the key assumptions you guys are making this year as it relates to the ADS-B rollout that to any degree do you think it spills over into 2020? And then in sort of a post ADS-B world, how should that investors sort of think about the growth within the Aviation category? Thanks.

    Clifton Albert Pemble -- President and Chief Executive Officer

    Yeah. Our outlook today is very similar to what we provided back in July. We are seeing that, based on run rates we have today that we would have about 100,000 aircraft equipped by the time the mandate takes effect. And looking into 2020, I would say that there still appears to be opportunity for additional aircraft that come online either due to the fact that they weren't able to get into shops or perhaps they're just laggards in terms of overall buying behavior.

    Charlie Anderson -- Dougherty & Company LLC -- Analyst

    Great. Thanks so much.

    Clifton Albert Pemble -- President and Chief Executive Officer

    Thanks, Charlie.

    Operator

    Thank you. Our next question comes from line of Rich Valera of Needham & Company. Your line is now open.

    Rich Valera -- Needham & Company -- Analyst

    Thank you and congratulations from me on a strong 2018 as well. Just wanted to follow up on the ADS-B question. Can you give us any sense of the revenue level you're seeing from ADS-B related retrofits right now and how you think that sort of trends into 2020?

    Clifton Albert Pemble -- President and Chief Executive Officer

    It's probably a little hard to quantify, because we are seeing customers step up to additional equipment when they bring their airplanes in for modification. I think that's critical because it shows that customers -- they realize that the effort it takes to put the equipment in is significant and so they want to take advantage of all of the potential features and opportunities they can have with the latest equipment. So consequently we're seeing improvements in a lot of our retrofit product lines in addition to ADS-B.

    Rich Valera -- Needham & Company -- Analyst

    I guess, I understood, but to the degree that you're getting all the sort of pull-through from ADS-B related activity in 2019 and then that was significantly decreased in 2020. It would seem, you could have almost the reverse effect. So just trying to think about how to think about 2019 versus 2020, given the expected high level of ADS-B in 2019?

    Clifton Albert Pemble -- President and Chief Executive Officer

    Well, we're not ready to provide a lot of color around 2020 yet, because we still have a lot of 2019 to play out when it comes to the mandate. But we've said all along that certainly there will be a drop off as people become equipped and the way we see it today, there will still be sales that occur into 2020, but the level of those sales and the impact in the pull-through that comes with those is still unknown.

    Rich Valera -- Needham & Company -- Analyst

    Fair enough. And I want to ask one on Tacx, if I could. Interesting acquisition there. First, I was wondering if you'd be willing to give the expected revenue contribution from Tacx, either on an annualized basis or in how or in however many months you expect to have that acquisition with you in 2019?

    Clifton Albert Pemble -- President and Chief Executive Officer

    Well, from our guidance, we would say that about half of the growth that we're projecting in Fitness is due to Tacx and based on our projected closing date. So those are the assumptions we made so far.

    Rich Valera -- Needham & Company -- Analyst

    And can you share that projected closing date?

    Clifton Albert Pemble -- President and Chief Executive Officer

    I think there's still lot to happen. So we don't really have a specific yet, but we expect it to be sometime in second quarter.

    Rich Valera -- Needham & Company -- Analyst

    Got it. And then, is there anything else you're looking to do with Tacx from an integration with some of the Garmin software or other Garmin products. I'm just thinking what else -- what are the types of things you could do with Tacx once you get that as part of the sort of Garmin portfolio?

    Clifton Albert Pemble -- President and Chief Executive Officer

    Well, we've built a very solid cycling business based on outdoor cycling activities and so Tacx allows us to bring cycling indoors and allows us to integrate across our platforms, both in terms of head units as well as Garmin Connect. So we see a lot of opportunities and synergies that we can work together with Tacx in order to better serve the overall cycling market.

    Rich Valera -- Needham & Company -- Analyst

    Got it. And one more if I could. Can you give a Marine organic growth number for 4Q 2018 if we were to back out some of the recent acquisition impact?

    Clifton Albert Pemble -- President and Chief Executive Officer

    Yeah. For the fourth quarter, the vast majority was organic growth about three quarters of it and maybe about 25% of that was Navionics.

    Rich Valera -- Needham & Company -- Analyst

    Got it. Thanks very much.

    Clifton Albert Pemble -- President and Chief Executive Officer

    Thank you.

    Operator

    Thank you. Our next question comes from the line of Yuuji Anderson of Morgan Stanley. Your line is now open.

    Yuuji Anderson -- Morgan Stanley -- Analyst

    Good morning. Thanks so much for taking my question. First, I wanted to follow up on the previous Outdoor question that was asked. Just looking at Q4 and just concerned on the acceleration year-over-year (ph). Can you just give us a better idea of how much of that was a contribution from the new products that you cited there versus performance of the underlying or performance of the older fenix watches, for example?

    Clifton Albert Pemble -- President and Chief Executive Officer

    Well, definitely the new products like Instinct and Descent contributed totally new dollars to us, but we still saw strong growth for the year and for the quarter in our fenix line as well.

    Yuuji Anderson -- Morgan Stanley -- Analyst

    Got it. That's helpful. And then on the operating margin guidance. So it is a tick down from 2018. I guess, when we look at this longer term, should we be thinking of the Company as kind of hovering around this low-to-mid 20 percentage range? Or should we just think of 2019 as being particularly investment heavy and we should expect more meaningful operating leverage in the outer years?

    Douglas Gerard Boessen -- Chief Financial Officer and Treasurer

    Yeah. So, this is Doug. Let me give you a little perspective, probably, on operating expenses and the gross margin and kind of feed into that. So we -- for the gross margin, we do expect that to tick up a little bit, that's primarily all due to segment mix. And then as it relates to operating expenses for 2019, we would expect operating expenses to increase on a consolidated basis similar level as it did in 2018, probably, maybe as a percentage of sales, may be 100 basis points increase year-over-year.

    And about -- I should also mention that about 25% of that year-over-year increase in our operating expenses were attributing primarily to the acquisition of Tacx, acquisition there. And looking at maybe a little more granularity on each one of the expense lines as it relates to advertising, our goals for 2019 or as a percentage of sales to look at advertising to be relatively comparable as a percentage of sales as 2018. We do expect R&D investments to continue, probably, maybe as a percentage of sales, probably, a 50% increase there, basis point increase. And then SG&A, expect that to increase year-over-year maybe about a 50 basis point also. But we do...

    Yuuji Anderson -- Morgan Stanley -- Analyst

    Okay.

    Douglas Gerard Boessen -- Chief Financial Officer and Treasurer

    ... continue to make investments in our business on a go-forward basis to drive the top-line.

    Yuuji Anderson -- Morgan Stanley -- Analyst

    Okay. Great. Okay. That's very helpful. And then just one more quick one, if I may. On the Aviation guidance, at this point, are you building in new production from OEM design such as Citation Longitude? And I guess just more broadly like how do you build in the production ramp for new platforms such as that versus what, those OEMs might be saying publicly, like, can you give yourself room for potential upside if things don't track according to what they're saying publicly?

    Clifton Albert Pemble -- President and Chief Executive Officer

    Yeah. So we do have new platforms such as Longitude in our plan. We work closely with the teams and our partners such as Textron to plan for basically articulate or create our plan around their plan, and so that's what we've done and I can't really comment in terms of our views versus theirs, but we're ready to support their launch and rollout.

    Yuuji Anderson -- Morgan Stanley -- Analyst

    Okay. Thank you so much.

    Clifton Albert Pemble -- President and Chief Executive Officer

    Yeah. Thank you.

    Operator

    Thank you. Our next question comes from the line of Paul Coster of J.P. Morgan. Your line is now open.

    Paul Coster -- J.P. Morgan -- Analyst

    Yeah. Thanks for taking questions. I've got two. First, Clif, the guidance (Technical Difficulty) encouraging. Can you talk a little bit about the sort of macroenvironment that you're assuming for that both domestically and internationally?

    Clifton Albert Pemble -- President and Chief Executive Officer

    Yeah. Sorry, Paul, I think, your question broke up during the first part. So if you wouldn't mind to repeat that then we'll try to tackle it.

    Paul Coster -- J.P. Morgan -- Analyst

    Just asking with regard to the 2019 guidance, what kind of macro assumptions you've made both domestically and internationally?

    Clifton Albert Pemble -- President and Chief Executive Officer

    Well, I think, we are assuming what all people are kind of steady state, the way things are right now. I think Aviation and Marine are segments that are definitely very sensitive to the macroenvironment. So our outlook there assumes that we're going to continue to see reasonably favorable conditions to support those markets.

    Paul Coster -- J.P. Morgan -- Analyst

    If the the China-US trade dispute is resolved amicably, what kind of impact does that have, if any?

    Clifton Albert Pemble -- President and Chief Executive Officer

    Well, I think to the extent that it improves the situation in the China market itself, it could positively impact us. But China is a challenging area, just in terms of the overall global economy and our revenue exposure there is somewhat small, but on the other hand, we still are looking for growth opportunities in the Asia market.

    Paul Coster -- J.P. Morgan -- Analyst

    Okay. Great. Got it. And then my last question is on the halo products which you referred to, can you just talk to us what you mean by halo, I think, I can guess, but how does it mobilize the rest of the sort of product lineup and marketing and what's the broader takeaway for us in terms of the technical approach to your business?

    Clifton Albert Pemble -- President and Chief Executive Officer

    Yeah. The example we gave was Panoptix LiveScope and as we've been mentioning since this LiveScope was launched that it is disruptive technology, marine, people and fishermen view it as something that truly doesn't exist anywhere else. And so it casts a positive glow across the Marine segment and additional pull-through sales of our other equipment as well. So that's what I call a halo product.

    Paul Coster -- J.P. Morgan -- Analyst

    Okay. All right. Thank you.

    Clifton Albert Pemble -- President and Chief Executive Officer

    Yeah. Thank you.

    Operator

    Thank you. Our next question comes from the line of Ivan Feinseth of Tigress Financial Partners. Your line is now open.

    Ivan Feinseth -- Tigress Financial Partners -- Analyst

    Thank you for taking my call and big congratulations on another great quarter and a great 2018.

    Clifton Albert Pemble -- President and Chief Executive Officer

    Thanks, Ivan.

    Ivan Feinseth -- Tigress Financial Partners -- Analyst

    My question is about Tacx, it's a really exciting acquisition. And could you give us some of the insight to how it came to be? And then like your big-picture view as far as distribution and branding and how it's going to be integrated and how their product lines going to be integrated into Garmin?

    Clifton Albert Pemble -- President and Chief Executive Officer

    Yeah. So we've been working to build relationships across the industry and we did reach out to Tacx and introduce ourselves and built a relationship with them. They're an awesome company. They're a family owned company over generations. That's well run, has a great product line and technology. They are vertically integrated and so we felt like they were a great fit with our Company as well.

    In terms of how we view them going forward, they have a great brand and it's a brand that we want to support and keep around for the long-term and we intend to integrate them into our sales and our fitness area, like I mentioned earlier, to have a strong offering for both indoor and outdoor cycling activities.

    Ivan Feinseth -- Tigress Financial Partners -- Analyst

    And like how will the products be available, let's say, in the US, for example, what will be the distribution channel?

    Clifton Albert Pemble -- President and Chief Executive Officer

    Well, we would anticipate the distribution would be through existing sports retailers. Already the product is available through REI, but there is an opportunity to expand Tacx distribution in the US and Asia markets. They are very strong in Europe, but less strong in the US and Asia. So we'll be working to expand that distribution.

    Ivan Feinseth -- Tigress Financial Partners -- Analyst

    And what about like ramping up the exercise bike and the treadmill and integration. So you're going -- I mean, I assume you'll be integrating that to connect with -- monitor your heart and fitness with your smart wearable, integrating the FIT Connect IQ App and also software to monitor your workout. Are you also going to be, let's say, offering online or video classes similar to the Pendleton model.

    Clifton Albert Pemble -- President and Chief Executive Officer

    Well, I probably can't comment on specifics, but like I mentioned earlier, there's many different assets within Garmin and Tacx that we can now look at together and create a much more high fidelity and interesting experience for customers that go both outside and inside. So that's our goal and we have a lot of work ahead of us for sure.

    Ivan Feinseth -- Tigress Financial Partners -- Analyst

    Very good. Very exciting. Thank you.

    Clifton Albert Pemble -- President and Chief Executive Officer

    Thanks, Ivan.

    Operator

    Thank you. Our next question comes from the line of Nik Todorov of Longbow Research. Your line in now open.

    Nikolay Todorov -- Longbow Research -- Analyst

    Hi. Thanks. Congratulations guys on a great execution, really great job.

    Clifton Albert Pemble -- President and Chief Executive Officer

    Thanks, Nik.

    Nikolay Todorov -- Longbow Research -- Analyst

    Question on -- Cliff you said that in Fitness, I think, you said all of your categories experienced growth in the fourth quarter. Can you kind of give us some data on what portion of your Fitness segment is now the basic trackers? Do you see some stabilization in that segment or the trend of switching to smartwatch is still intact?

    Clifton Albert Pemble -- President and Chief Executive Officer

    Yeah. So we did see growth across all of our categories in Fitness. The basic category has come down quite a lot, as you imagine, with the overall market, but where we saw growth was in unique products that we offer such as the hybrid analog smart devices, vivomove HR, as well as the kid trackers as well. But we see it as a solid category where we offer something unique. So that's where we're investing and then the overall Fitness categories outside of that in advanced trackers we're also strong for the year.

    Nikolay Todorov -- Longbow Research -- Analyst

    Okay. Thanks. And in the Fitness guidance aside from the Tacx acquisition contribution assume some really decent product refreshes. I know you don't speak about the upcoming launches, but can you share at least in what product line you expect the strong -- the strongest product refresh on Fitness?

    Clifton Albert Pemble -- President and Chief Executive Officer

    I think we have a strong roadmap across all of our lines. So we would expect during the year that we will have refreshes across the entire portfolio.

    Nikolay Todorov -- Longbow Research -- Analyst

    Okay. And how are you thinking about ADS-B growth per se, are you baking in any kind of deceleration year-over-year due to capacity constraints or you -- how are you thinking about capacity? Has the picture there changed? Are you seeing anything different?

    Clifton Albert Pemble -- President and Chief Executive Officer

    Yeah. We're really not seeing anything different than what we reported midway through 2018. We do see that shop capacity appears to be a factor in limiting the growth of installs and so on a percentage basis that would obviously represent a deceleration. But, again, a lot of demand that still has to be worked through for the year. So we're working as hard as we can to help our shops get through that and we'll continue to monitor and see how things go into the following year.

    Nikolay Todorov -- Longbow Research -- Analyst

    Okay. Great. And last one for me, Doug. How should we think about free cash flow and CapEx in 2019?

    Douglas Gerard Boessen -- Chief Financial Officer and Treasurer

    Yeah. So we had a very strong free cash flow in 2018, a big piece of that was driven by operation, but also we did have some very strong working capital improvements year-over-year. I wouldn't expect to see those -- all of those working capital improvements year-over-year. So, probably, for 2019, I am estimating free cash flow around $675 million and assumed in that is about $150 million of CapEx, which is a similar level that we had in 2018.

    Nikolay Todorov -- Longbow Research -- Analyst

    Okay. Awesome. Thank you. Good luck, guys.

    Clifton Albert Pemble -- President and Chief Executive Officer

    Thank Nik.

    Operator

    Thank you. Our next question comes from line of Ben Bollin of Cleveland Research. Your line is now open.

    Benjamin Bollin -- Cleveland Research Company -- Analyst

    Good morning, Cliff, Doug, Teri. Thanks for taking my question. Doug, where are you in the capacity expansion with -- laid down (ph) for Aviation, what's left to do? And where is the utilization of that footprint today?

    Clifton Albert Pemble -- President and Chief Executive Officer

    Yeah. I'll probably comment on that, Ben. This is Cliff. We are producing aviation products now in our new facility, so that part is up and running. We're still outfitting our distribution center with new equipment in order to turn that on. So we're not yet operating out of the distribution side of the new facility.

    Benjamin Bollin -- Cleveland Research Company -- Analyst

    Okay. And as a follow-up, longer term, the Company has executed really well in the broader Aviation segment with OEMs. How would you characterize your objectives longer term with commercial opportunities? What's that process look like from start to finish? How long is kind of the training effort of the pilots and how long is the ramp and spares inventory? I know it's a very open-ended question. But, could you walk us through what a win could look like or how you think that could translate to opportunity over time? Thanks.

    Clifton Albert Pemble -- President and Chief Executive Officer

    Our objective is to grow share across the whole segment including moving upstream in both business jets as well as getting our foot into the commercial side as well. We do already have some commercial opportunities that we are executing on in terms of some smaller pieces of equipment, but we continue to aspire to and work on additional opportunities to move upstream.

    It is more intensive activity as you can imagine and in order to do that we have to invest in ourselves, in our team, in our capacity, which are things that we've been doing over the course of years now. And in terms of actually executing then, of course, we would have to achieve a very high level of service for our customers in terms of spares and general support for their operations. So these are all things that we are evaluating and making methodical investments in order to be ready.

    Benjamin Bollin -- Cleveland Research Company -- Analyst

    Thank you.

    Clifton Albert Pemble -- President and Chief Executive Officer

    Thank you.

    Operator

    Thank you. And I'm showing no further questions at this time, I would now like to turn the call over to Ms. Teri Seck for closing remarks.

    Teri Seck -- Manager, Investor Relations

    Thanks everyone. Doug and I are available for callbacks throughout the day. Have a good one. Bye.

    Operator

    Ladies and gentlemen, thank you for participating in today's conference. This concludes today's program. You may all disconnect. Everyone have a great day.

    Duration: 42 minutes

    Call participants:

    Teri Seck -- Manager, Investor Relations

    Clifton Albert Pemble -- President and Chief Executive Officer

    Douglas Gerard Boessen -- Chief Financial Officer and Treasurer

    Robert Spingarn -- Credit Suisse -- Analyst

    Caitlin Dullanty -- Bank of America Merrill Lynch -- Analyst

    Charlie Anderson -- Dougherty & Company LLC -- Analyst

    Rich Valera -- Needham & Company -- Analyst

    Yuuji Anderson -- Morgan Stanley -- Analyst

    Paul Coster -- J.P. Morgan -- Analyst

    Ivan Feinseth -- Tigress Financial Partners -- Analyst

    Nikolay Todorov -- Longbow Research -- Analyst

    Benjamin Bollin -- Cleveland Research Company -- Analyst

    More GRMN analysis

    Transcript powered by AlphaStreet

    This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.

    Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.



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