hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
The net deferred tax assets (liabilities) are comprised of the following (in thousands):
A valuation allowance is recorded to reduce deferred tax assets to the amount that is more likely than not to be realized based on an assessment of positive and negative evidence, including estimates of future taxable income necessary to realize future deductible amounts. A significant piece of objective negative evidence evaluated was the cumulative loss incurred over the three-year period ended December 31, 2019. Such objective evidence limits the ability to consider other subjective evidence such as its projections for future growth. On the basis of this evaluation, at December 31, 2019 and 2018, a valuation allowance of $24.6 million and $25.1 million, respectively, has been recorded.
As of December 31, 2019, the Company has accumulated federal and state net operating loss (“NOL”) carryforwards of $165.0 million and $134.3 million, respectively. Of the $165.0 million of federal NOL carryforwards, $57.9 million was generated before January 1, 2018 and is subject to the 20-year carryforward period (“pre-Tax Act losses”). The remaining $107.1 million (“post-Tax Act losses”) can be carried forward indefinitely but is subject to the 80% taxable income limitation. The pre-Tax Act U.S. federal and state net operating loss carryforwards will expire in varying amounts through 2037. The Company completed a Section 382 study for the period through March 31, 2019 and determined that a Section 382 ownership change occurred on December 31, 2017 subjecting all pre-Tax Act losses to a utilization limitation; however, such limitation is not expected to result in NOLs expiring unused. Any future annual limitation may result in the expiration of NOLs before utilization.
As of December 31, 2019 and 2018, the Company had combined foreign net operating loss carry-forwards available to reduce future taxable income of approximately $25.6 million and $25.5 million, respectively. As of December 31, 2019 and 2018, valuation allowances of $24.6 million and $25.1 million, respectively, had been recorded against the related deferred tax assets for those loss carry-forwards that are not more likely than not to be fully utilized in reducing future taxable income.
Table:
 | As of December 31 | 
 | 2019 | 2018
Deferred tax assets |  | 
Lease liability | $4,295 | $278
AMT credit | 9 | 11
Accrued expenses | 2,837 | 2,057
Deferred revenue | — | 549
Net operating loss carryforward | 50,950 | 34,662
Other assets | 6,967 | 2,343
Property and equipment | — | 123
Intangible assets | 2,416 | 836
Valuation allowance | (24,637) | (25,079)
Total net deferred tax assets | 42,837 | 15,780
Deferred tax liabilities |  | 
Deferred commissions | (4,308) | (3,215)
Deferred revenue | (336) | —
Intangible assets | (7,948) | (7,295)
Property and equipment | (296) | —
Debt discount | (26,589) | (4,986)
Right-of-use asset | (3,909) | —
Deferred state taxes | (1,101) | (1,233)
Other | (352) | —
Total deferred tax liabilities | (44,839) | (16,729)
Total non-current deferred income tax liabilities | $(2,002) | $(949)


Question: What was the federal NOL carryforwards?
Answer: $165.0 million
Research and development expenses consist primarily of payroll and payroll-related benefits expenses, contracted research and development expenses, and facility costs. Research and development assists with organic growth and improves product stability and functionality, and accordingly, we dedicate extensive efforts to update and upgrade our product offerings. The primary driver is typically budgeted software upgrades and software development.
Research and development expenses decreased by $1.1 million during the year ended June 30, 2019 as compared to the prior fiscal year. This was primarily due to a reduction in contract labour and consulting of $6.8 million and a reduction in the use of facility and related expenses of $4.8 million, partially offset by an increase in payroll and payroll-related benefits of $12.6 million. The increase in payroll and payroll-related benefits was driven primarily by increased headcount from recent acquisitions. Overall, our research and development expenses, as a percentage of total revenues, remained stable at approximately 11% compared to prior fiscal year.
Our research and development labour resources increased by 336 employees, from 3,331 employees at June 30, 2018 to 3,667 employees at June 30, 2019.
Table:
 | Change between Fiscal increase (decrease) | 
(In thousands) | 2019 and 2018 | 2018 and 2017
Payroll and payroll-related benefits | $12,629 | $39,119
Contract labour and consulting | (6,791) | (3,899)
Share-based compensation | (385) | (1,490)
Travel and communication | (588) | (343)
Facilities | (4,775) | 7,834
Other miscellaneous | (1,163) | 473
Total change in research and development expenses | $(1,073) | $41,694


Question: What is the Total change in research and development expenses from 2017 to 2019?
Answer: 40621
Calculation: 41,694-1,073
Note 6 Interest expense
Included in interest expense on long-term debt is interest on lease liabilities of $220 million for 2019 and interest on finance leases of $142 million for 2018.
Capitalized interest was calculated using an average rate of 3.96% and 3.88% for 2019 and 2018, respectively, which represents the weighted average interest rate on our outstanding long-term debt.
Table:
FOR THE YEAR ENDED DECEMBER 31 | 2019 | 2018
Interest expense on long-term debt | (1,024) | (918)
Interest expense on other debt | (153) | (133)
Capitalized interest | 45 | 51
Total interest expense | (1,132) | (1,000)


Question: What was the average rate used to calculate capitalized interest in 2018?
Answer: 3.88%
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
NOTE 10: ACCRUED EXPENSES AND OTHER LIABILITIES
Accrued expenses and other liabilities as of December 31, 2019 and 2018 consisted of the following:
Table:
 | December 31, 2019 | December 31, 2018
Payroll | $6,701 | $15,264
Accrued interest | 35,926 | 40,903
Accrued voyage expenses | — | 3,643
Accrued running costs | — | 42,212
Provision for estimated losses on vessels under time charter | — | 1,604
Audit fees and related services | 234 | 292
Accrued taxes | 8,002 | 6,268
Professional fees | 317 | 1,251
Other accrued expenses | — | 12,215
Total accrued expenses | $51,180 | $123,652


Question: How many years did professional fees exceed $1,000 thousand?
Answer: 1
Calculation: 2018
CAPITAL EXPENDITURES
BCE capital expenditures totaled $3,988  million for the year, up $17 million over 2018. This corresponded to a capital intensity ratio of 16.6%, down 0.3 pts compared to last year. Capital spending in the year reflected the following:
• Greater capital investments in our wireless segment of $33 million in 2019, compared to 2018, as we advanced the build-out of our LTE-A network, continued to deploy wireless small-cells to expand capacity to support subscriber growth and increase network speeds, coverage and signal quality, as well as to expand data fibre backhaul in preparation for 5G technology
• A modest reduction in capital spending in our wireline segment of $10 million in 2019, compared to last year, as we continued to focus our investments on the ongoing deployment of FTTP to more homes and businesses, the roll-out of fixed WTTP to rural locations in Ontario and Québec, the connection of fibre Internet and TV services to more homes and businesses and the execution of business customer contracts
• Lower capital expenditures at Bell Media of $6 million in 2019, compared to 2018, mainly due to production equipment and IT upgrades in 2018
Table:
 | 2019 | 2018 | $ CHANGE | % CHANGE
Bell Wireless | 697 | 664 | (33) | (5.0%)
Capital intensity ratio | 7.6% | 7.5% |  | (0.1) pts
Bell Wireline | 3,183 | 3,193 | 10 | 0.3%
Capital intensity ratio | 25.8% | 26.0% |  | 0.2 pts
Bell Media | 108 | 114 | 6 | 5.3%
Capital intensity ratio | 3.4% | 3.7% |  | 0.3 pts
BCE | 3,988 | 3,971 | (17) | (0.4%)
Capital intensity ratio | 16.6% | 16.9% |  | 0.3 pts


Question: What led to lower capital expenditures at Bell Media in 2019?
Answer: production equipment and IT upgrades in 2018
The following table presents the components of impairment and other charges, net, in each fiscal year (in thousands):
Restructuring costs decreased by $2.2 million as a result of lower severance expenses, as our general and administrative cost reduction initiative came to its conclusion as planned. Costs of closed restaurants and other increased by $3.8 million, primarily due to a $3.5 million charge recorded in 2019 related to the write- off of software development costs associated with a discontinued technology project. Gains on disposition of property and equipment, net, increased by $7.9 million, primarily due to a $5.7 million gain related to a sale of property and a$0.8 million gain related to an eminent domain transaction in 2019.
Refer to Note 9, Impairment and Other Charges, Net, of the notes to the consolidated financial statements for additional information regarding these charges.
Table:
 | 2019 | 2018
Restructuring costs | $8,455 | $10,647
Costs of closed restaurants and other | 8,628 | 4,803
(Gains) losses on disposition of property and equipment, net | (6,244) | 1,627
Accelerated depreciation | 1,616 | 1,130
Operating restaurant impairment charges | — | 211
 | $12,455 | $18,418


Question: How much did restructuring costs decreased by from 2018 to 2019?
Answer: $2.2 million
entergy corporation and subsidiaries management 2019s financial discussion and analysis regulatory asset associated with new nuclear generation development costs as a result of a joint stipulation entered into with the mississippi public utilities staff , subsequently approved by the mpsc , in which entergy mississippi agreed not to pursue recovery of the costs deferred by an mpsc order in the new nuclear generation docket . see note 2 to the financial statements for further discussion of the new nuclear generation development costs and the joint stipulation . net revenue utility following is an analysis of the change in net revenue comparing 2015 to 2014 . amount ( in millions ) .

Table:
 | amount ( in millions )
2014 net revenue | $ 5735
retail electric price | 187
volume/weather | 95
louisiana business combination customer credits | -107 ( 107 )
miso deferral | -35 ( 35 )
waterford 3 replacement steam generator provision | -32 ( 32 )
other | -14 ( 14 )
2015 net revenue | $ 5829
the retail electric price variance is primarily due to : 2022 formula rate plan increases at entergy louisiana , as approved by the lpsc , effective december 2014 and january 2015 ; 2022 an increase in energy efficiency rider revenue primarily due to increases in the energy efficiency rider at entergy arkansas , as approved by the apsc , effective july 2015 and july 2014 , and new energy efficiency riders at entergy louisiana and entergy mississippi that began in the fourth quarter 2014 .
energy efficiency revenues are largely offset by costs included in other operation and maintenance expenses and have a minimal effect on net income ; and 2022 an annual net rate increase at entergy mississippi of $ 16 million , effective february 2015 , as a result of the mpsc order in the june 2014 rate case .
see note 2 to the financial statements for a discussion of rate and regulatory proceedings .
the volume/weather variance is primarily due to an increase of 1402 gwh , or 1% ( 1 % ) , in billed electricity usage , including an increase in industrial usage and the effect of more favorable weather .
the increase in industrial sales was primarily due to expansion in the chemicals industry and the addition of new customers , partially offset by decreased demand primarily due to extended maintenance outages for existing chemicals customers .
the louisiana business combination customer credits variance is due to a regulatory liability of $ 107 million recorded by entergy in october 2015 as a result of the entergy gulf states louisiana and entergy louisiana business combination .
consistent with the terms of an agreement with the lpsc , electric customers of entergy louisiana will realize customer credits associated with the business combination ; accordingly , in october 2015 , entergy recorded a regulatory liability of $ 107 million ( $ 66 million net-of-tax ) .
see note 2 to the financial statements for further discussion of the business combination and customer credits. .

Question: based on the analysis of the change in net revenue from 2014 to 2015 what was the percent of the change
Answer: 1.64%
Calculation: subtract(5829, 5735), divide(#0, 5735)
Unrecognized Tax Benefits
We are providing the following disclosures related to our unrecognized tax benefits and the effect on our effective income tax rate if recognized:
In 2019, our unrecognized tax benefit increased by $33.9 million, primarily related to increases in North America. In 2018, we increased our unrecognized tax benefit by $142.1 million, also primarily related to North America.
If the unrecognized tax benefits at December 31, 2019 were recognized, our income tax provision would decrease by $343.5 million, resulting in a substantially lower effective tax rate. Based on the potential outcome of the Company’s global tax examinations and the expiration of the statute of limitations for specific jurisdictions, it is possible that the unrecognized tax benefits could change significantly within the next 12 months. Absent resolution of significant tax controversy, the associated impact on the reserve balance is estimated to be a decrease in the range of $4.6 to $6.6 million during 2020.
We recognize interest and penalties associated with unrecognized tax benefits in our income tax provision in the Consolidated Statements of Operations. Interest and penalties recorded were $13.1 million, negligible and $4.0 million, respectively in 2019, 2018 and 2017. We had gross liabilities, for interest and penalties, of $56.2 million at December 31, 2019, $18.2 million at December 31, 2018 and $14.8 million at December 31, 2017. The increase in the gross liability related to interest and penalties from 2018 to 2019 was primarily due to a reclass within other non-current liabilities from unrecognized tax benefits to interest and penalties which had no impact on the overall Consolidated Balance Sheets or Consolidated Statement of Operations.
The majority of the unrecognized tax benefit amount of $390.3 million relates to North America.
Table:
 |  | Year Ended December 31, | 
(in millions) | 2019 | 2018 | 2017
Beginning balance of unrecognized tax benefits | $ 356.4 | $ 214.3 | $ 162.6
Additions for tax positions of current year | 3.4 | 106.0 | 7.3
Additions for tax positions of prior years | 47.9 | 59.5 | 49.3
Reductions for tax positions of prior years | (16.0) | (7.0) | (4.3)
Reductions for lapses of statutes of limitation and settlements | (1.4) | (16.4) | (0.6)
Ending balance of unrecognized tax benefits | $ 390.3 | $ 356.4 | $ 214.3


Question: What is the difference between the Ending balance of unrecognized tax benefits of 2019 against 2017?
Answer: 176
Calculation: 390.3-214.3
Stock-based compensation expense is included in general and administrative expense for each period as follows:
As of December 31, 2019, there was $4,801 of unrecognized stock-based compensation expense related to unvested employee stock options and $1,882 of unrecognized stock-based compensation expense related to unvested RSUs. These costs are expected to be recognized over a weighted-average period of 2.13 and 2.33 years, respectively.
Table:
 | Year Ended | Year Ended
Stock-Based Compensation by Type of Award | December 31, 2019 | December 31, 2018
Stock options | $2,756 | $2,926
RSUs | 955 | 1,129
Total stock-based compensation expense | $3,711 | $4,055


Question: What was the percentage change in the amount of RSUs in 2019 from 2018?
Answer: -15.41
Calculation: ((955 - 1,129)/1,129 ) * 100
the remaining change in other expense was driven primarily by changes on foreign currency exchange instruments as further discussed in note 7 in 201citem 8 . financial statements and supplementary data 201d of this report . income taxes .

Table:
 | 2018 | 2017
current expense ( benefit ) | $ -70 ( 70 ) | $ 112
deferred expense ( benefit ) | 226 | -97 ( 97 )
total expense | $ 156 | $ 15
effective income tax rate | 17% ( 17 % ) | 2% ( 2 % )
for discussion on income taxes , see note 8 in 201citem 8 .
financial statements and supplementary data 201d of this report .
discontinued operations discontinued operations net earnings increased primarily due to the gain on the sale of our aggregate ownership interests in enlink and the general partner of $ 2.6 billion ( $ 2.2 billion after-tax ) .
for discussion on discontinued operations , see note 19 in 201citem 8 .
financial statements and supplementary data 201d of this report 201d of this report .
results of operations 2013 2017 vs .
2016 the graph below shows the change in net earnings from 2016 to 2017 .
the material changes are further discussed by category on the following pages .
to facilitate the review , these numbers are being presented before consideration of earnings attributable to noncontrolling interests .
$ 1308 ( $ 165 ) ( $ 4 ) $ 1 $ 63 $ 400 ( $ 397 ) $ 126 $ 1204 ( $ 1458 ) $ 1078 2016 upstream operations marketing operations exploration expenses dd&a g&a financing costs , net other ( 1 ) income discontinued operations net earnings ( 1 ) other in the table above includes asset impairments , asset dispositions , restructuring and transaction costs and other expenses .
the graph below presents the drivers of the upstream operations change presented above , with additional details and discussion of the drivers following the graph .
( $ 427 ) ( $ 427 ) $ 1395$ 1 395 $ 2176$ 2 176 $ 3484 2016 production volumes field prices hedging 2017 upstream operations expenses .

Question: what was the tax rate on the net earnings due to the gain on the sale of our aggregate ownership interests in enlink discontinued operations
Answer: 18.2%
Calculation: subtract(2.6, 2.2), divide(#0, 2.2)
4. PROPERTY AND EQUIPMENT, NET:
Property and equipment at September 2019 and September 2018 consisted of the following:
Table:
 | 2019 | 2018
Land | $773,068 | $773,068
Buildings and improvements | 12,574,893 | 12,206,908
Warehouse equipment | 15,011,605 | 13,424,236
Furniture, fixtures and leasehold improvements | 13,155,606 | 12,018,984
Vehicles | 3,687,901 | 3,229,551
Construction in progress | 617,881 | 743,278
 | 45,820,954 | 42,396,025
Less accumulated depreciation and amortization: | (28,165,539) | (26,627,541)
Owned property and equipment | $ 17,655,415 | $ 15,768,484


Question: What is the percentage change in the company's net owned property and equipment between September 2018 and September 2019?
Answer: 11.97
Calculation: ((17,655,415 - 15,768,484)/15,768,484 ) * 100
16. Income Taxes
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):
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.
The profitability is driven by current year income associated with favorable claims and reserve development relative to expected. Further, unrealized gains from the investment portfolio continued to grow in 2019.
The amount recorded as of December 31, 2018 primarily relates to separate state filings that do not have net operating losses available to offset income. In the third quarter of 2018, the Insurance segment acquired Humana’s long-term care business, Kanawha Insurance Company. The combined insurance entity generated a net operating loss for the year due to additional tax deductions related to increases in policy holder reserves. In addition, the bargain purchase gain is not taxable. This net operating loss was carried forward but had a valuation allowance. Additionally, the income tax expense generated from the sale of BeneVir in the second quarter of 2018 is offset by tax attributes for which a valuation allowance had been recorded. Therefore, there is no net income tax expense recorded in the income statement for the sale.
Table:
 | 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


Question: What was the average Permanent differences value for 2018 and 2019?
Answer: 0.9
Calculation: (0.3 + 1.5) / 2
issuer purchases of equity securities during the three months ended december 31 , 2012 , we repurchased 619314 shares of our common stock for an aggregate of approximately $ 46.0 million , including commissions and fees , pursuant to our publicly announced stock repurchase program , as follows : period total number of shares purchased ( 1 ) average price paid per share ( 2 ) total number of shares purchased as part of publicly announced plans or programs approximate dollar value of shares that may yet be purchased under the plans or programs ( in millions ) .

Table:
period | total number of shares purchased ( 1 ) | average price paid per share ( 2 ) | total number of shares purchased as part of publicly announced plans orprograms | approximate dollar value of shares that may yet be purchased under the plans orprograms ( in millions )
october 2012 | 27524 | $ 72.62 | 27524 | $ 1300.1
november 2012 | 489390 | $ 74.22 | 489390 | $ 1263.7
december 2012 | 102400 | $ 74.83 | 102400 | $ 1256.1
total fourth quarter | 619314 | $ 74.25 | 619314 | $ 1256.1
( 1 ) repurchases made pursuant to the $ 1.5 billion stock repurchase program approved by our board of directors in march 2011 ( the 201c2011 buyback 201d ) .
under this program , our management is authorized to purchase shares from time to time through open market purchases or privately negotiated transactions at prevailing prices as permitted by securities laws and other legal requirements , and subject to market conditions and other factors .
to facilitate repurchases , we make purchases pursuant to trading plans under rule 10b5-1 of the exchange act , which allows us to repurchase shares during periods when we otherwise might be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods .
this program may be discontinued at any time .
( 2 ) average price per share is calculated using the aggregate price , excluding commissions and fees .
we continued to repurchase shares of our common stock pursuant to our 2011 buyback subsequent to december 31 , 2012 .
between january 1 , 2013 and january 21 , 2013 , we repurchased an additional 15790 shares of our common stock for an aggregate of $ 1.2 million , including commissions and fees , pursuant to the 2011 buyback .
as a result , as of january 21 , 2013 , we had repurchased a total of approximately 4.3 million shares of our common stock under the 2011 buyback for an aggregate of $ 245.2 million , including commissions and fees .
we expect to continue to manage the pacing of the remaining $ 1.3 billion under the 2011 buyback in response to general market conditions and other relevant factors. .

Question: was was the total amount spent on stock repurchases in the fourth quarter?
Answer: 45984064
Calculation: multiply(619314, 74.25)