hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Equity in net earnings of affiliates:
The decrease in the share of net earnings in Golar Partners is as a result of a decrease in the underlying performance of Golar Partners in 2018. As a result, during the year ended December 31, 2018, we recognized an impairment charge of $149.4 million. The year ended December 31, 2017 included a deemed loss on disposal of $17.0 million as a result of a dilution in our holding in Golar Partners due to further issuances of common units by Golar Partners in February 2017. As of December 31, 2018, we held a 32.0% (2017: 31.8%) ownership interest in Golar Partners (including our 2% general partner interest) and 100% of IDRs.
The share of net earnings in other affiliates represents our share of equity in Egyptian Company for Gas Services S.A.E ("ECGS") and Avenir LNG Limited ("Avenir"). During the year ended December 31, 2018 we recognized negative goodwill of $3.8 million in equity in net earnings of affiliates to reflect our bargain purchase of Avenir. Refer to note 14 "Investment in Affiliates" of our consolidated financial statements included herein for further details.
Table:
 |  | December 31, |  | 
(in thousands of $) | 2018 | 2017 | Change | % Change
Share of net earnings in Golar Partners | 7,001 | 17,702 | (10,701) | (60)%
Impairment of investment in Golar Partners | (149,389) | — | (149,389) | 100%
Net loss on deemed disposal of investments in Golar Partners | — | (16,992) | 16,992 | 100%
Share of net earnings in other affiliates | 3,711 | 793 | 2,918 | 368%
 | (138,677) | 1,503 | (140,180) | (9,327)%


Question: What does the share of net earnings in other affiliates represent?
Answer: Represents our share of equity in Egyptian Company for Gas Services S.A.E ("ECGS") and Avenir LNG Limited ("Avenir").
five-year performance comparison 2013 the following graph provides an indicator of cumulative total shareholder returns for the corporation as compared to the peer group index ( described above ) , the dow jones , and the s&p 500 . the graph assumes that the value of the investment in the common stock of union pacific corporation and each index was $ 100 on december 31 , 2005 and that all dividends were reinvested . purchases of equity securities 2013 during 2010 , we repurchased 17556522 shares of our common stock at an average price of $ 75.51 . the following table presents common stock repurchases during each month for the fourth quarter of 2010 : period total number of shares purchased [a] average price paid per share total number of shares purchased as part of a publicly announced plan or program [b] maximum number of shares that may yet be purchased under the plan or program [b] .

Table:
period | total number ofsharespurchased [a] | averageprice paidper share | total number of sharespurchased as part of apublicly announced planor program [b] | maximum number ofshares that may yetbe purchased under the planor program [b]
oct . 1 through oct . 31 | 725450 | 84.65 | 519554 | 17917736
nov . 1 through nov . 30 | 1205260 | 89.92 | 1106042 | 16811694
dec . 1 through dec . 31 | 1133106 | 92.59 | 875000 | 15936694
total | 3063816 | $ 89.66 | 2500596 | n/a
[a] total number of shares purchased during the quarter includes approximately 563220 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares .
[b] on may 1 , 2008 , our board of directors authorized us to repurchase up to 40 million shares of our common stock through march 31 , 2011 .
we may make these repurchases on the open market or through other transactions .
our management has sole discretion with respect to determining the timing and amount of these transactions .
on february 3 , 2011 , our board of directors authorized us to repurchase up to 40 million additional shares of our common stock under a new program effective from april 1 , 2011 through march 31 , 2014. .

Question: how much more was spent on shares in nov 2010 than dec 2010?
Answer: 3462694
Calculation: multiply(1205260, 89.92), multiply(1133106, 92.59), subtract(#0, #1)
14. Income Taxes
The provision for income taxes consists of the following (in millions):
Table:
 |  | Year Ended | 
 | April 26, 2019 | April 27, 2018 | April 28, 2017
Current: |  |  | 
Federal | $ 26 | $ 764 | $ 22
State | 27 | 10 | 3
Foreign | 49 | 39 | 41
Total current | 102 | 813 | 66
Deferred: |  |  | 
Federal | 35 | 239 | 61
State | (6 ) | 27 | 17
Foreign | (32 ) | 4 | (4 )
Total deferred | (3 ) | 270 | 74
Provision for income taxes | $ 99 | $ 1,083 | $ 140


Question: What was the Current Federal provision for income tax in 2019?
Answer: 26
.

Table:
currency | 2012 | 2011 | 2010
real | $ 40.4 | $ 42.4 | $ 32.5
euro | 27.1 | 26.4 | 18.6
pound sterling | 18.5 | 17.6 | 9.0
indian rupee | 4.3 | 3.6 | 2.6
total impact | $ 90.3 | $ 90.0 | $ 62.7
the impact on earnings of the foregoing assumed 10% ( 10 % ) change in each of the periods presented would not have been significant .
revenue included $ 100.8 million and operating income included $ 9.0 million of unfavorable foreign currency impact during 2012 resulting from a stronger u.s .
dollar during 2012 compared to 2011 .
our foreign exchange risk management policy permits the use of derivative instruments , such as forward contracts and options , to reduce volatility in our results of operations and/or cash flows resulting from foreign exchange rate fluctuations .
our international operations' revenues and expenses are generally denominated in local currency , which limits the economic exposure to foreign exchange risk in those jurisdictions .
we do not enter into foreign currency derivative instruments for trading purposes .
we have entered into foreign currency forward exchange contracts to hedge foreign currency exposure to intercompany loans .
as of december 31 , 2012 , the notional amount of these derivatives was approximately $ 115.6 million and the fair value was nominal .
these derivatives are intended to hedge the foreign exchange risks related to intercompany loans , but have not been designated as hedges for accounting purposes. .

Question: what was the percentage change in the impact of the euro on earnings from 2010 to 2011?
Answer: 42%
Calculation: subtract(26.4, 18.6), divide(#0, 18.6)
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):
The provision for uncertain tax positions relates to business in territories outside of the US.
The Company’s policy is to classify interest and penalties on uncertain tax positions as a component of tax expense. The Company does not expect the change in uncertain tax positions to have a material impact on its financial position, results of operations, or liquidity.
The Company is subject to US federal income tax as well as to income tax in multiple state and foreign jurisdictions, including the UK. Federal income tax returns of the Company are subject to IRS examination for the 2016 through 2019 tax years. State income tax returns are subject to examination for the 2015 through 2019 tax years.
Currently, an audit is occurring in the United Kingdom for the year ended December 31, 2017. There are no ongoing audits in any other significant foreign tax jurisdictions.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Balance at January 1 | $1,402 | $1,271 | $276
Increases for tax positions related to the current year | — | 131 | 995
Decreases for tax positions related to the current year | (1,402) | — | —
Balance at December 31 | $— | $1,402 | $1,271


Question: What is the change in balance between 2017 and 2018 at January 1?
Answer: 995
Calculation: ($1,271-$276)
Service Revenue by Segment
The following table presents the breakdown of service revenue by segment (in millions, except percentages):
Amounts may not sum and percentages may not recalculate due to rounding
Service revenue increased 2%, driven by an increase in software and solution support offerings. Service revenue increased in the Americas and EMEA segments, partially offset by decreased revenue in our APJC segment.
Table:
 |  | Years Ended |  | 2019 vs. 2018 | 
Years Ended | July 27, 2019 | July 28, 2018 | July 29, 2017 | Variance in Dollars | Variance in Percent
Service revenue: |  |  |  |  | 
Americas | $ 8,173 | $ 7,982 | $7,864 | $191 | 2%
Percentage of service revenue | 63.4% | 63.3% | 63.9% |  | 
EMEA | 2,854 | 2,754 | 2,635 | 100 | 4%
Percentage of service revenue | 22.1% | 21.8% | 21.4% |  | 
APJC | 1,872 | 1,885 | 1,801 | (13) | (1)%
Percentage of service revenue | 14.5% | 14.9% | 14.7% |  | 
Total | $ 12,899 | $ 12,621 | $12,300 | $278 | 2%


Question: What was the change in service revenue from EMEA between 2017 and 2018?
Answer: 119
Calculation: 2,754-2,635
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
Our pension plan asset allocation at December 31, 2019, and 2018, and target allocation for 2020 by asset category are as follows:
We employ a liability-driven investment strategy whereby a mix of equity and fixed-income investments are used to pursue a derisking strategy which over time seeks to reduce interest rate mismatch risk and other risks while achieving a return that matches or exceeds the growth in projected pension plan liabilities. Risk tolerance is established through careful consideration of plan liabilities and funded status. The investment portfolio primarily contains a diversified mix of equity and fixed-income investments. Other assets such as private equity are used modestly to enhance long-term returns while improving portfolio diversification. Investment risk is measured and monitored on an ongoing basis through quarterly investment portfolio reviews, annual liability measurements, and asset/liability studies at regular intervals.
Table:
 | Target Allocations | Percentage of Plan Assets at December 31, | 
Asset Category | 2020 | 2019 | 2018
Equity securities | 13% | 13% | 12%
Debt securities | 83% | 83% | 84%
Other | 4% | 4% | 4%
Total | 100% | 100% | 100%


Question: Which years does the table provide information for the projected benefit obligation, accumulated benefit obligation and fair value of plan assets for the company's Pension Plans?
Answer: 2020, 2019, 2018
Historically, a small number of OEM customers have accounted for a substantial portion of our net revenues, and we expect that significant customer concentration will continue for the foreseeable future. Many of our OEMs use contract manufacturers to manufacture their equipment. Accordingly, a significant percentage of our net revenues is derived from sales to these contract manufacturers and to consignment warehouses.
In addition, a significant portion of our sales are made to foreign and domestic distributors who resell our products to OEMs, as well as their contract manufacturers. Direct sales to contract manufacturers and consignment warehouses accounted for 41.3%, 34.9% and 39.0% of our net revenues for fiscal 2019, 2018 and 2017, respectively.
Sales to foreign and domestic distributors accounted for 56.0%, 62.5% and 57.5% of our net revenues for fiscal 2019, 2018 and 2017, respectively. The following direct customers accounted for 10% or more of our net revenues in one or more of the following periods:
Nokia was our largest customer in fiscal 2019, 2018 and 2017. Nokia purchases products directly from us and through contract manufacturers and distributors. Based on information provided to us by its contract manufacturers and our distributors, purchases by Nokia represented approximately 45%, 36% and 41% of our net revenues in fiscal 2019, 2018 and 2017, respectively.
Our revenues have been substantially impacted by significant fluctuations in sales to Nokia, and we expect that future direct and indirect sales to Nokia will continue to fluctuate substantially on a quarterly basis and that such fluctuations may significantly affect our operating results in future periods. To our knowledge, none of our other OEM customers accounted for more than 10% of our net revenues in fiscal 2019, 2018 or 2017.
Table:
 |  | Fiscal Year Ended | 
 |  | March 31, | 
 | 2019 | 2018 | 2017
Contract manufacturers and consignment warehouses:        |  |  | 
Flextronics Technology | 21.8% | 14.0% | 10.4%
Sanmina | 17.7 | 16.0 | 20.4
Distributors:        |  |  | 
Avnet Logistics | 31.3 | 35.3 | 25.5
Nexcomm  | 14.8 | 16.1 | 19.7


Question: In which year was Flextronics Technology less than 20.0%?
Answer: 2018, 2017
Calculation: locate and analyze Flextronics Technology in row 5
A. Selected Financial Data
The following selecte The following selected historical financial information should be read in conjunction with our audited financial statements and related notes, which are included herein, together with Item 5. Operating and Financial Review and Prospects. The Statements of Operations data for each of the three years ended December 31, 2019, 2018 and 2017 and selected Balance Sheet data as of December 31, 2019 and 2018 have been derived from our audited financial statements included elsewhere in this document. The Statements of Operations financial information for each of the years ended December 31, 2016 and 2015 and selected balance sheet information as of December 31, 2017, 2016 and 2015 have been derived from our audited financial statements not included in this Annual Report on Form 20-F.
Table:
SELECTED CONSOLIDATED FINANCIAL DATA Year ended December 31,  |  |  |  |  | 
All figures in thousands of USD except share data  | 2019 | 2018 | 2017 | 2016 | 2015
Voyage Revenues   | 317,220 | 289,016 | 297,141 | 357,451 | 445,738
Voyage Expenses   | (141,770) | (165,012) | (142,465) | (125,987) | (158,656)
Vessel Operating Expense   | (66,033) | (80,411) | (87,663) | (80,266) | (66,589)
General and Administrative Expenses   | (13,481) | (12,727) | (12,575) | (12,296) | (9,790)
Depreciation Expenses   | (63,965) | (60,695) | (100,669) | (90,889) | (82,610)
Impairment Loss on Vessel   | - | (2,168) | (110,480) | - | -
Impairment Loss on Goodwill   | - | - | (18,979) | - | -
Loss on Disposal of Vessels   | - | (6,619) | - | - | -
Settlement Received   | - | - | - | 5,328 | -
Net Operating (Loss) Income   | 31,971 | (38,616) | (175,690) | 53,341 | 128,093
Interest Income   | 298 | 334 | 347 | 215 | 114
Interest Expense   | (38,390) | (34,549) | (20,464) | (11,170) | (10,855)
Other Financial (Expense)   | (4,160) | (14,729) | (644) | (98) | (167)
Total Other Expenses   | (42,252) | (48,944) | (20,761) | (11,053) | (10,908)
Income Tax Expense   | (71) | (79) | (83) | (102) | (96)
(Loss) Gain on Equity Method Investment   | - | (7,667) | (8,435) | (46,642) | (2,462)
Net (Loss) Income   | (10,352) | (95,306) | (204,969) | (4,456) | 114,627
Basic Earnings (Loss) per Share   | (0.07) | (0.67) | (1.97) | (0.05) | 1.29
Diluted Earnings (Loss) per Share   | (0.07) | (0.67) | (1.97) | (0.05) | 1.29
Cash Dividends Declared per Share   | 0.10 | 0.07 | 0.53 | 1.37 | 1.38
Basic Weighted Average Shares Outstanding   | 142,571,361 | 141,969,666 | 103,832,680 | 92,531,001 | 89,182,001
Diluted Weighted Average Shares Outstanding   | 142,571,361 | 141,969,666 | 103,832,680 | 92,531,001 | 89,182,001
Market Price per Common Share as of December 31,   | 4.92 | 2.00 | 2.46 | 8.40 | 15.54


Question: What is the value of the voyage expenses in 2019 as a percentage of the voyage revenue in 2019?
Answer: 44.69
Calculation: (141,770/317,220 ) * 100
17. SEGMENT AND GEOGRAPHIC INFORMATION (Continued)
Sales to unaffiliated customers are as follows (in thousands):
Table:
 |  | Fiscal | 
SALES | 2019 | 2018 | 2017
United States | $339,585 | $309,495 | $297,699
Foreign countries: |  |  | 
South Korea | 313,461 | 652,313 | 628,369
China | 194,653 | 235,568 | 162,316
Japan | 138,028 | 180,223 | 154,985
Asia-Pacific, other | 93,389 | 124,733 | 107,713
Germany | 145,285 | 166,926 | 145,835
Europe, other | 148,680 | 171,936 | 162,162
Rest of World | 57,559 | 61,379 | 64,232
Total foreign countries sales | 1,091,055 | 1,593,078 | 1,425,612
Total sales | $1,430,640 | $1,902,573 | $1,723,311


Question: What was the change in Rest of World in 2019 from 2018?
Answer: -3820
Calculation: 57,559-61,379
19. Related Party Transactions
Key management personnel compensation
All directors and executive management have authority and responsibility for planning, directing and controlling the activities of the Group, and are considered to be key management personnel.
Compensation for the Group’s key management personnel is as follows:
Table:
 |  | Fiscal Year Ended June 30, | 
 | 2019 | 2018 | 2017
 |  | (U.S. $ in thousands) | 
Executive management |  |  | 
Short-term compensation and benefits | $3,835 | $2,991 | $2,860
Post-employment benefits | 109 | 99 | 100
Share-based payments | 17,144 | 9,335 | 26,030
 | $21,088 | $12,425 | $28,990
Board of directors |  |  | 
Cash remuneration | $430 | $362 | $388
Share-based payments | 1,772 | 1,577 | 1,825
 | $2,202 | $1,939 | $2,213


Question: What is the difference in cash remuneration to Board of directors between fiscal years ended June 30, 2018 and 2019?
Answer: 68
Calculation: 430-362
(7) Property and Equipment
Property and equipment consist of the following (in millions):
On December 31, 2019, we entered into finance lease agreements for certain computer equipment. The leased equipment was valued at $13.7 million, net of prepaid maintenance and $0.3 million of imputed interest, and is included in Property and equipment, net on the Consolidated Balance Sheets. Refer to Note 12 — Long-Term Debt for additional information related to our finance leases.
Table:
 | December 31, | 
 | 2019 | 2018
Land | $11.9 | $11.9
Buildings and improvements | 81.2 | 71.1
Leasehold improvements | 7.1 | 6.7
Computer equipment | 234.1 | 208.9
Furniture, fixtures and other equipment | 11.2 | 11.0
Property and equipment | 345.5 | 309.6
Accumulated depreciation and amortization | (168.6) | (132.5)
Property and equipment, net | $176.9 | $177.1


Question: What was the valuation of the leased equipment as part of the finance lease agreements that the company entered on December 31, 2019?
Answer: 13.7
Accrued Liabilities
Accrued liabilities consists of the following (in millions):
Sales related reserves represent price concessions and stock rotation rights that the Company offers to many of its distributors. For the fiscal year ending March 31, 2018, these sales related reserves were recorded within accounts receivable, and therefore did not exist within accrued liabilities. The Company made this change in classification as part of its adoption of ASC 606. For additional information regarding the Company's adoption of ASC 606, refer to Note 1 of the consolidated financial statements.
Table:
 | March 31, | 
 | 2019 | 2018
Accrued compensation and benefits | $133.2 | $87.6
Income taxes payable | 46.9 | 27.5
Sales related reserves | 366.9 | —
Accrued expenses and other liabilities | 240.3 | 114.5
Total accrued liabilities | $787.3 | $229.6


Question: What does sales related reserves represent?
Answer: price concessions and stock rotation rights that the Company offers to many of its distributors
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
NOTE 15 — Shareholders' Equity
A roll forward of common shares outstanding is as follows:
Table:
 | As of December 31, | 
 | 2019 | 2018
Balance at beginning of the year | 32,750,727 | 32,938,466
Repurchases | (420,770) | (342,100)
Restricted stock unit issuances | 142,449 | 154,361
Balance at end of period | 32,472,406 | 32,750,727


Question: What was the change in the Balance at beginning of the year between 2018 and 2019?
Answer: -187739
Calculation: 32,750,727-32,938,466
The Monte Carlo simulation assumptions used for the periods presented were as follows:
As of January 3, 2020, there was $12 million of unrecognized compensation cost, net of estimated forfeitures, which is expected to be recognized over a weighted average period of 1.7 years. The fair value of performance-based stock awards that vested in fiscal 2019, 2018 and 2017 was $9 million, $13 million, and $4 million, respectively.
Table:
 |  | Year Ended | 
 | January 3, 2020 | December 28, 2018 | December 29, 2017
Expected volatility | 22.02% | 25.37% | 27.19%
Risk free rate of return | 2.39% | 2.35% | 1.53%
Weighted average grant date stock price | $62.66 | $65.00 | $53.73


Question: What was The fair value of performance-based stock awards that vested in fiscal 2019, 2018 and 2017 respectively?
Answer: $9 million, $13 million, $4 million
Expected realisation of remaining performance obligations at year end
The Group applies the practical expedient in paragraph 121 of IFRS 15 and does not disclose information about remaining performance obligations that have original expected durations of one year or less.
For contracts that exceed one year, deferred income that relates to unsatisfied or partially satisfied performance obligations at year end is expected to be recognised as revenue in the future as follows:
The above information represents the revenue the Group will recognise when it satisfies the remaining performance obligations in the contracts. The amounts presented do not include orders for which the Group has not performed.
Table:
 | 2019 | 2018
 | $ million | $ million
Within one year | 18.3 | 15.5
Greater than one year | 10.3 | 12.7
 | 28.6 | 28.2


Question: How is deferred income recognised for contracts that exceed one year?
Answer: deferred income that relates to unsatisfied or partially satisfied performance obligations at year end is expected to be recognised as revenue in the future
Stock-Based Compensation Expense
All share-based awards are measured based on the grant date fair value of the awards and recognized in the Consolidated Statements of Operations and Comprehensive Loss over the period during which the employee is required to perform services in exchange for the award (generally the vesting period of the award).
The Company estimates the fair value of stock options granted using the Black-Scholes option valuation model, which requires assumptions, including the fair value of the Company's underlying common stock, expected term, expected volatility, risk-free interest rate and dividend yield of the Company's common stock. These estimates involve inherent uncertainties and the application of management’s judgment. If factors change and different assumptions are used, share-based compensation expense could be materially different in the future.
These assumptions are estimated as follows:
• Fair Value of Common Stock. The Company uses the five-day volume weighted average price for its common stock as reported on the New York Stock Exchange.
• #Expected Term. The Company determines the expected term based on the average period the stock options are expected to remain outstanding. The Company bases the expected term assumptions on its historical behavior combined with estimates of the post-vesting holding period.
• Expected Volatility. The Company determines the price volatility factor based on the Company's historical volatility over the expected life of the stock options.
• Risk-Free Interest Rate. The Company bases the risk-free interest rate used in the Black-Scholes valuation model on the yield available on U.S. Treasury zero-coupon issues with an equivalent remaining term of the stock options for each stock option group.
• Expected Dividend. The Company has not paid and does not anticipate paying any cash dividends in the foreseeable future and, therefore, uses an expected dividend yield of zero in the option pricing model.
The grant weighted average assumptions used to estimate the fair value of stock options granted to employees were as follows:
Table:
 | Years ended | 
 | December 31, 2019 | December 31, 2018
Expected volatility | 50.7% | 54.2%
Risk-free interest rate | 2.25% | 2.72%
Dividend yield | Nil | Nil
Average expected life | 4.77 | 5.31


Question: What is the average expected volatility for 2018 and 2019?
Answer: 52.45
Calculation: (50.7+54.2)/2