Transferring from photoshop to animator

I have a .psd file as seen below. For example, one of the layers is at 50% opacity (red arrow) so that layer 4 below is visible.

I have previously imported this .PSD file into animate (import to stage). I used the convert to keyframes.

Up until this morning, it imports into Animate just as I wanted, with layer 3 as 50% transparent, and layer 4 below visible within the 3rd layer. :

Animate file:

This morning it imported differently 

It justs imports layer 3 "separately" as a 50% transparent image without seeing layer 4 below.

What changed? I have no idea any help would be appreciated

Thanks