hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
The Company incurred approximately $106,000 in legal, professional, and other costs related to this acquisition accounted for as selling and administrative expenses when incurred. The remaining weighted-average useful life of intangible assets acquired was 12.5 years as of the acquisition date.
As the active cabinet business was not operated as a separate subsidiary, division or entity, Calix did not maintain separate financial statements for the active cabinet business. As a result, we are unable to accurately determine earnings/loss for the active cabinet business on a standalone basis since the date of acquisition.
The following table below reflects our unaudited pro forma combined results of operations as if the acquisition had taken place as of October 1, 2016 and shows the net sales and net income as if the active cabinet business were combined with the Clearfield business for the years ended September 30, 2018 and 2017.
The pro forma includes estimated expenses relating to the amortization of intangibles purchased, the amortization of the inventory fair value adjustment, and estimated personnel costs:
The pro forma unaudited results do not purport to be indicative of the results which would have been obtained had the acquisition been completed as of the beginning of the earliest period presented or of results that may be obtained in the future. In addition, they do not include any benefits that may result from the acquisition due to synergies that may be derived from the elimination of any duplicative costs.
Table:
 | Pro Forma Year Ended September 30, 2018 (unaudited) | Pro Forma Year Ended September 30, 2017 (unaudited)
Net sales | $80,958,789 | $89,672,074
Income from operations | $5,554,766 | $8,174,841
Net income | 4,794,757 | $5,809,018
Net income per share: |  | 
Basic | 0.36 | $0.43
Diluted | 0.36 | $0.43


Question: What is the remaining weighted-average useful life of intangible assets acquired?
Answer: 12.5 years as of the acquisition date
Inventories and Inventory Valuation
Inventories are stated at the lower of first-in, first-out (FIFO) cost or market value. Market value is based upon an estimated average selling price reduced by estimated costs of disposal. Should actual market conditions differ from the Company’s estimates, the Company’s future results of operations could be materially affected. Reductions in inventory valuation are included in Cost of revenue in the accompanying Consolidated Statements of Operations. The Company reviews inventory for excess quantities and obsolescence based on its best estimates of future demand, product lifecycle status and product development plans. The Company uses historical information along with these future estimates to reduce the inventory cost basis. Subsequent changes in facts and circumstances do not result in the restoration or increase in that newly established cost basis. Prices anticipated for future inventory demand are compared to current and committed inventory values.
The components of inventories are as follows:
Table:
March 31, |  | 
(in thousands) | 2019 | 2018
Raw materials | $3,445 | $2,969
Finished goods | 6,356 | 6,253
Total inventories | $9,801 | $9,222


Question: What does the Company use to reduce the inventory cost basis?
Answer: uses historical information along with these future estimates
The reconciliation from non-current segment assets to non-current group assets is shown in the following table: non-current assets according to segment reporting only include the values of continuing operations in the previous year. Therefore, the non-current assets of METRO China must be taken into account in the previous year and are therefore part of the reconciliation:
1 Adjustment of previous year according to explanation in notes.
Table:
€ million | 30/9/2018 | 30/9/2019
Non-current segment assets | 6,348 | 6,268
plus non-current segment assets METRO China | 560 | 0
Financial assets | 88 | 97
Investments accounted for using the equity method | 178 | 179
Deferred tax assets | 329 | 191
Other | 1 | 1
Non-current group assets | 7,503 | 6,736


Question: What do the non-current assets according to segment reporting only include?
Answer: the values of continuing operations in the previous year
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 december 2012?
Answer: 7662592
Calculation: multiply(102400, 74.83)
Contract Balances
Timing of revenue recognition may differ from the timing of invoicing to customers. We record a receivable when revenue is recognized prior to invoicing, or unearned revenue when revenue is recognized subsequent to invoicing. For multi-year agreements, we generally invoice customers annually at the beginning of each annual coverage period. We record a receivable related to revenue recognized for multi-year on-premises licenses as we have an unconditional right to invoice and receive payment in the future related to those licenses.
As of June 30, 2019 and 2018, long-term accounts receivable, net of allowance for doubtful accounts, was $2.2 billion and $1.8 billion, respectively, and is included in other long-term assets in our consolidated balance sheets.
The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. We determine the allowance based on known troubled accounts, historical experience, and other currently available evidence.
Activity in the allowance for doubtful accounts was as follows:
Table:
(In millions) |  |  | 
Year Ended June 30, | 2019 | 2018 | 2017
Balance, beginning of period | $   397 | $  361 | $  409
Charged to costs and other | 153 | 134 | 58
Write-offs | (116) | (98) | (106)
Balance, end of period | $ 434 | $  397 | $  361


Question: What was the average balance at the end of the period over the 3 year period from 2017 to 2019?
Answer: 397.33
Calculation: (434+397+361)/(2019-2017+1)
Note 8: Net Income per Share
Basic net income per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted net income per share is computed using the treasury stock method, for dilutive stock options, restricted stock units, and convertible notes.
The following table reconciles the numerators and denominators of the basic and diluted computations for net income per share.
(1) Diluted shares outstanding do not include any effect resulting from note hedges associated with the Company’s 2018 Notes as their impact would have been anti-dilutive.
Table:
 |  | YearEnded | 
 | June 30, 2019 | June 24, 2018 | June 25, 2017
 |  | (in thousands, except per share data) | 
Numerator: |  |  | 
Net income | $2,191,430 | $2,380,681 | $1,697,763
Denominator: |  |  | 
Basic average shares outstanding | 152,478 | 161,643 | 162,222
Effect of potential dilutive securities: |  |  | 
Employee stock plans | 1,323 | 2,312 | 2,058
Convertible notes | 5,610 | 12,258 | 16,861
Warrants | 504 | 4,569 | 2,629
Diluted average shares outstanding | 159,915 | 180,782 | 183,770
Net income per share-basic | $14.37 | $14.73 | $10.47
Net income per share-diluted | $13.70 | $13.17 | $9.24


Question: What is the percentage change in the net income from 2018 to 2019?
Answer: -7.95
Calculation: ((2,191,430-2,380,681)/2,380,681) * 100
12. ACCRUED LIABILITIES
The settlement of the deferred compensation liabilities includes the settlement with our former CFO and Executive Vice President that is payable within March 31, 2020 and payroll taxes related to this settlement and the settlement of the Executive Pension Plan with our Chairman, President & CEO. We refer to note 7 for further information.
Table:
All figures in USD ‘000  | 2019 | 2018
Accrued Interest   | 163 | 1,598
Accrued Expenses   | 11,569 | 7,362
Settlement Deferred Compensation Liabilities   | 3,830 | -
Total as of December 31,   | 15,562 | 8,960


Question: What are the respective accrued interest in 2018 and 2019?
Answer: 1,598, 163
11. Reportable Segments, Geographic Information and Major Customers
Reportable segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or group, in assessing performance and allocating resources. The Company uses an internal management reporting system, which provides important financial data to evaluate performance and allocate the Company’s resources on a regional basis. Net sales for the segments are attributed to the region in which the product is manufactured or the service is performed. The services provided, manufacturing processes used, class of customers serviced and order fulfillment processes used are similar and generally interchangeable across the segments. A segment’s performance is evaluated based upon its operating income (loss). A segment’s operating income (loss) includes its net sales less cost of sales and selling and administrative expenses, but excludes corporate and other expenses. Corporate and other expenses  fiscal 2019 and the $13.5 million one-time employee bonus paid to full-time, non-executive employees during fiscal 2018 due to the Company's ability to access overseas cash as a result of Tax Reform (the "one-time employee bonus"). These costs are not allocated to the segments, as management excludes such costs when assessing the performance of the segments. Inter-segment transactions are generally recorded at amounts that approximate arm’s length transactions. The accounting policies for the segments are the same as for the Company taken as a whole.
Information about the Company’s three reportable segments for fiscal 2019, 2018 and 2017 is as follows (in thousands):
Table:
 | September 28,
2019 | September 29,
2018
Total assets: |  | 
AMER  | $751,990 | $645,791
APAC  | 958,744 | 937,510
EMEA  | 209,541 | 193,797
Corporate and eliminations | 80,608 | 155,544
 | $2,000,883 | $1,932,642


Question: What was the percentage change in the total assets from Corporate and eliminations between 2018 and 2019?
Answer: -48.18
Calculation: ((80,608-155,544)/155,544) * 100
Information on the reportable segment net revenues and segment operating income are presented below (amounts in millions):
(1) Intersegment revenues reflect licensing and service fees charged between segments.
Table:
 |  | Year Ended December 31, 2019 |  | 
 | Activision | Blizzard | King | Total
Segment Revenues |  |  |  | 
Net revenues from external customers | $2,219 | $1,676 | $2,031 | $5,926
Intersegment net revenues (1) | — | 43 | — | 43
Segment net revenues | $2,219 | $1,719 | $2,031 | $5,969
Segment operating income | $850 | $464 | $740 | $2,054
 |  | Year Ended December 31, 2018 |  | 
 | Activision | Blizzard | King | Total
Segment Revenues |  |  |  | 
Net revenues from external customers | $2,458 | $2,238 | $2,086 | $6,782
Intersegment net revenues (1) | — | 53 | — | 53
Segment net revenues | $2,458 | $2,291 | $2,086 | $6,835
Segment operating income | $1,011 | $685 | $750 | $2,446
 |  | Year Ended December 31, 2017 |  | 
 | Activision | Blizzard | King | Total
Segment Revenues |  |  |  | 
Net revenues from external customers | $2,628 | $2,120 | $1,998 | $6,746
Intersegment net revenues (1) | — | 19 | — | 19
Segment net revenues | $2,628 | $2,139 | $1,998 | $6,765
Segment operating income | $1,005 | $712 | $700 | $2,417


Question: What was the segment operating income of Blizzard in 2018?
Answer: $685
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 lease liability in 2019 and 2018?
Answer: 4,295, 278
A non-employee director who is initially appointed after any annual meeting of stockholders will receive a restricted stock unit award or option grant on the date of his or her initial appointment to the Board of Directors equal to the pro-rated amount of the annual grant
Annual option grants and restricted stock unit awards (or any pro-rated grants for directors initially appointed between annual meetings) vest on the earlier to occur of the first anniversary of the date of grant or the next annual meeting of stockholders. No portion of an option automatically granted to a director is exercisable after the tenth anniversary after the date of option grant. Additionally, an option automatically granted to a director may be exercisable after the termination of the director’s services as described in the option agreement, generally ending three months after such termination.
The following table shows compensation information for our non-employee directors for fiscal year 2019.
2019 Director Compensation Table
(1) The amounts reflected in this column represent the aggregate grant date fair value for stock awards granted to our non-employee directors in 2019, measured in accordance with ASC 718, excluding the effect of estimated forfeitures, and do not reflect whether the recipient has actually realized a financial benefit from these awards. For the methodology of how the aggregate grant date fair value amount is calculated, please see Note 13 of the Notes to Consolidated Financial Statements included in this Form 10-K. The aggregate number of shares subject to unvested restricted stock unit awards outstanding for each non-employee director at December 31, 2019 was: Mr. Hill: 5,889; Ms. Antonellis: 5,889; Mr. Habiger: 5,889; Ms. Molina: 5,889; Mr. Riedel: 5,889 and Mr. Seams: 5,889. None of the non-employee directors held any stock options as of December 31, 2019.
Table:
Name | Fees Earned or Paid in Cash ($) | Stock Awards ($) | Option Awards ($) | Total($)
Richard S. Hill | $106,000 | $149,987 | — | $255,987
Darcy Antonellis | $55,333 | $149,987 | — | $205,320
David C. Habiger | $70,000 | $149,987 | — | $219,987
V. Sue Molina | $81,000 | $149,987 | — | $230,987
George A. Riedel | $68,333 | $149,987 | — | $218,320
Christopher A. Seams | $82,000 | $149,987 | — | $231,987


Question: What is the average fee earned or paid in cash compensation for all non-employee directors?
Answer: 77111
Calculation: (106,000+55,333+70,000+81,000+68,333+82,000)/6
9. DEBT AND OTHER FINANCING ARRANGEMENTS
2021 Senior Convertible Notes
In 2017, the Company issued $300.0 million principal amount of 5.75% senior convertible notes (the “2021 Notes”) for a purchase price equal to 98% of the principal amount. The Company received net proceeds of $284.9 million, net of a discount of $6.0 million and issuance costs of $9.1 million. The debt discount is being accreted to interest expense over the term of the 2021 Notes using the interest method. The issuance costs were deferred and are being amortized to interest expense over the same term.
The 2021 Notes are governed by an Indenture, dated December 8, 2017 between the Company and US Bank National Association, as trustee (the “2017 Indenture”). The 2021 Notes mature on July 1, 2021, unless earlier repurchased or converted. Interest is payable semi-annually in arrears on January 1 and July 1, commencing January 1, 2018.
The 2021 Notes are convertible at an initial conversion rate of 23.8095 shares of the Company’s common stock per $1,000 principal amount of the 2021 Notes, which represents an initial conversion price of $42.00 per share, subject to adjustment for anti-dilutive issuances, voluntary increases in the conversion rate, and make-whole adjustments upon a fundamental change. A fundamental change includes a change in control, delisting of the Company’s common stock, and a liquidation of the Company. Upon conversion, the Company will deliver the applicable number of the Company’s common stock and cash in lieu of any fractional shares. Holders of the 2021 Notes may convert their 2021 Notes at any time prior to the close of business on the scheduled trading day immediately preceding the maturity date.
The holders of the 2021 Notes may require the Company to repurchase all or a portion of their 2021 Notes at a cash repurchase price equal to 100% of the principal amount of the 2021 Notes being repurchased, plus the remaining scheduled interest through and including the maturity date, upon a fundamental change and events of default, including non-payment of interest or principal and other obligations under the 2017 Indenture.
The net carrying amounts of the liability components of the 2021 Notes consist of the following (in thousands):
The effective interest rate of the liability component is 6.4% for the 2021 Notes.
Table:
 | December 31, 2019 | December 31, 2018
Principal amount | $300,000 | $300,000
Unamortized debt discount | (2,691) | (4,348)
Net carrying amount before unamortized debt issuance costs | 297,309 | 295,652
Unamortized debt issuance costs | (4,135) | (6,685)
Net carrying value | $293,174 | $288,967


Question: What is the percentage change in net carrying value between 2018 and 2019?
Answer: 1.46
Calculation: ((293,174-288,967)/288,967) * 100