hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Stock-Settled Stock Appreciation Rights
Stock-Settled Appreciation Rights (“SSARs”) are rights granted to an employee to receive value equal to the difference in the price of our common shares on the date of the grant and on the date of exercise. This value is settled only in common shares of Agilysys.
We use a Black-Scholes-Merton option pricing model to estimate the fair value of SSARs. The following table summarizes the principal assumptions utilized in valuing SSARs granted in fiscal 2019, 2018 and 2017:
The risk-free interest rate is based on the yield of a zero coupon U.S. Treasury bond whose maturity period approximates the expected life of the SSARs. The expected life is estimated using historical data representing the period of time the awards are expected to be outstanding. The estimated fair value of the SSARs granted is recognized over the vesting period of the awards utilizing the graded vesting method. Under this method, the compensation cost related to unvested amounts begins to be recognized as of the grant date.
Table:
 | 2019 | 2018 | 2017
Risk-free interest rate | 2.68% | 1.74%-1.94% | 0.94%-2.14%
Expected life (in years) | 5 | 5 | 5
Expected volatility | 32.42% | 32.42% - 32.84% | 35.25%-40.22%
Weighted average grant date fair value | $4.72 | $3.36 | $3.69


Question: Which model is used for estimating the fair value of SSARs?
Answer: Black-Scholes-Merton
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 was the principal amount in 2019?
Answer: $300,000
Significant Suppliers
We purchase a significant amount of our inventory from certain manufacturers or suppliers including components, assemblies and electronic manufacturing parts. The inventory is purchased under standard supply agreements that outline the terms of the product delivery. The title and risk of loss of the product generally pass to us upon shipment from the manufacturers’ plant or warehouse. Some of these manufacturers accounted for more than 10% of our purchases and accounts payable as follows:
We are currently reliant upon these suppliers for products. Although we believe that we can obtain products from other sources, the loss of a significant supplier could have a material impact on our financial condition and results of operations as the products that are being purchased may not be available on the same terms from another supplier.
Table:
 |  | Year Ended February 28, | 
 | 2019 | 2018 | 2017
Inventory purchases: |  |  | 
Supplier A | 31% | 33% | 34%
Supplier B | 20% | 16% | 14%
Supplier C | 6% | 9% | 11%
 |  | As of February 28, | 
2017 | 2019 | 2018 | 
Accounts Payable: |  |  | 
Supplier A | 30% | 40% | 33%
Supplier B | 18% | 16% | 18%


Question: What is the percentage change between inventory purchases from Supplier B from 2017 to 2018?
Answer: -2
Calculation: ((14%-16%)) * 100
at december 31 , 2013 , the aggregate amount of investment grade funded loans was $ 6.5 billion and the aggregate amount of non-investment grade funded loans was $ 7.9 billion . in connection with these corporate lending activities ( which include corporate funded and unfunded lending commitments ) , the company had hedges ( which include 201csingle name , 201d 201csector 201d and 201cindex 201d hedges ) with a notional amount of $ 9.0 billion related to the total corporate lending exposure of $ 93.0 billion at december 31 , 2013 . 201cevent-driven 201d loans and lending commitments at december 31 , 2013 . included in the total corporate lending exposure amounts in the table above at december 31 , 2013 were 201cevent- driven 201d exposures of $ 9.5 billion composed of funded loans of $ 2.0 billion and lending commitments of $ 7.5 billion . included in the 201cevent-driven 201d exposure at december 31 , 2013 were $ 7.3 billion of loans and lending commitments to non-investment grade borrowers . the maturity profile of the 201cevent-driven 201d loans and lending commitments at december 31 , 2013 was as follows : 33% ( 33 % ) will mature in less than 1 year , 17% ( 17 % ) will mature within 1 to 3 years , 32% ( 32 % ) will mature within 3 to 5 years and 18% ( 18 % ) will mature in over 5 years . industry exposure 2014corporate lending . the company also monitors its credit exposure to individual industries for credit exposure arising from corporate loans and lending commitments as discussed above . the following table shows the company 2019s credit exposure from its primary corporate loans and lending commitments by industry at december 31 , 2013 : industry corporate lending exposure ( dollars in millions ) .

Table:
industry | corporate lending exposure ( dollars in millions )
energy | $ 12240
utilities | 10410
healthcare | 10095
consumer discretionary | 9981
industrials | 9514
funds exchanges and other financial services ( 1 ) | 7190
consumer staples | 6788
information technology | 6526
telecommunications services | 5658
materials | 4867
real estate | 4171
other | 5593
total | $ 93033
( 1 ) includes mutual funds , pension funds , private equity and real estate funds , exchanges and clearinghouses and diversified financial services .
institutional securities other lending activities .
in addition to the primary corporate lending activity described above , the institutional securities business segment engages in other lending activity .
these loans primarily include corporate loans purchased in the secondary market , commercial and residential mortgage loans , asset-backed loans and financing extended to institutional clients .
at december 31 , 2013 , approximately 99.6% ( 99.6 % ) of institutional securities other lending activities held for investment were current ; less than 0.4% ( 0.4 % ) were on non- accrual status because the loans were past due for a period of 90 days or more or payment of principal or interest was in doubt. .

Question: how much of the december 31 , 2013 201cevent- driven 201d loans and commitments will mature in 2014 , in billions?
Answer: 3.1
Calculation: multiply(9.5, 33%)
part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities our common stock is listed on the nasdaq global select market under the symbol adi . information regarding our equity compensation plans and the securities authorized for issuance thereunder is set forth in item 12 of this annual report on form 10-k . issuer purchases of equity securities the table below summarizes the activity related to stock repurchases for the three months ended november 2 , 2019 . period total number shares purchased ( 1 ) average price paid per share ( 2 ) total number of shares purchased as part of publicly announced plans or programs ( 3 ) approximate dollar value of shares that may yet be purchased under the plans or programs .

Table:
period | total number ofshares purchased ( 1 ) | average price paidper share ( 2 ) | total number of sharespurchased as part ofpublicly announcedplans or programs ( 3 ) | approximate dollarvalue of shares thatmay yet be purchasedunder the plans or programs
august 4 2019 through august 31 2019 | 199231 | $ 109.00 | 194849 | $ 2213017633
september 1 2019 through september 28 2019 | 342313 | $ 113.39 | 338534 | $ 2174639499
september 29 2019 through november 2 2019 | 1023202 | $ 109.32 | 949531 | $ 2070927831
total | 1564746 | $ 110.17 | 1482914 | $ 2070927831
_______________________________________ ( 1 ) includes 81832 shares withheld by us from employees to satisfy employee tax obligations upon vesting of restricted stock units/ awards granted to our employees under our equity compensation plans .
( 2 ) the average price paid for shares in connection with vesting of restricted stock units/awards are averages of the closing stock price at the vesting date which is used to calculate the number of shares to be withheld .
( 3 ) shares repurchased pursuant to the stock repurchase program publicly announced on august 12 , 2004 .
on august 21 , 2018 , the board of directors approved an increase to the current authorization for the stock repurchase program by an additional $ 2.0 billion to $ 8.2 billion in the aggregate .
under the repurchase program , we may repurchase outstanding shares of our common stock froff m time to time in the open market and through privately negotiated transactions .
unless terminated earlier by resolution of our board of directors , the repurchase program will expire when we have repurchased all shares authorized for repurchase under the repurchase program .
the number of holders of record of our common stock at november 22 , 2019 was 2059 .
this number does not include shareholders for whom shares are held in a 201cnominee 201d or 201cstreet 201d name .
on november 1 , 2019 , the last reported sales price of our common stock on the nasdaq global select market was $ 109.37 per share. .

Question: what is the total cash used of the stock repurchase during september 2019 , ( in millions ) ?
Answer: 38.8
Calculation: multiply(342313, 113.39), divide(#0, const_1000000)
5. PROPERTY AND EQUIPMENT, NET
Property and equipment, at cost, consisted of the following at December 31, 2019 and 2018 (in thousands):
Depreciation expense related to property and equipment was approximately $0.04 million and $0.13 million in 2019 and 2018, respectively. Depreciation expense includes depreciation related to finance leases of approximately $0.001 million and $0.002 million for the periods ended December 31, 2019 and 2018, respectively. Our finance leases have original terms of one to three years. The principal payments for these finance leases are reflected as cash outflows from financing activities in the accompanying consolidated statements of cash flows. Future minimum lease payments under our capital leases that have initial terms in excess of one year are included in “Leases” in Note 8.     Depreciation expense related to property and equipment was approximately $0.04 million and $0.13 million in 2019 and 2018, respectively. Depreciation expense includes depreciation related to finance leases of approximately $0.001 million and $0.002 million for the periods ended December 31, 2019 and 2018, respectively. Our finance leases have original terms of one to three years. The principal payments
In connection with the relocation of our corporate headquarters in July 2019, we disposed of a number of assets that were no longer in use. For each of the years ended December 31, 2019 and 2018, we recorded a loss on disposal of fixed assets of approximately $0.01 million.  In connection with the relocation of our corporate headquarters in July 2019, we disposed of a number of assets that were no longer in use. For each of the years ended December 31, 2019 and 2018, we recorded a loss on disposal of fixed assets of approximately $0.01 million.
In connection with the closure of our Lake Mary facility in 2018, we reclassified equipment with a net book value of approximately $0.07 million to assets held for sale. We contracted with a third party for the consignment sale of these assets and completed sales for several assets in 2018 and 2019. For the year ended December 31, 2019, we recognized a net loss of approximately $0.04 million on the sale and/or impairment of assets held for sale. For the year ended December 31, 2018, we recognized a gain of approximately $0.01 million on assets held for sale. The gains and losses on the sale or impairment of held for sale assets is included in selling, general and administrative expenses in the accompanying statements of comprehensive loss.
Table:
 | 2019 | 2018
Equipment and software, including equipment purchased under capital leases of $6 and $17 at December 31, 2019 and 2018, respectively | $260 | $1,555
Leasehold improvements | 33 | 786
Furniture and fixtures | 43 | 182
 | 336 | 2,523
Less accumulated depreciation, including accumulated depreciation for equipment purchased under capital leases of $3 and $13 at December 31, 2019 and 2018, respectively | (266) | (2,394)
 | $70 | $129


Question: Which years information are included in this note on net property and equipment?
Answer: 2018, 2019
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
NOTE 5 — Property, Plant and Equipment
Property, plant and equipment is comprised of the following:
Table:
 | As of December 31, | 
 | 2019 | 2018
Land and land improvements | $1,095 | $1,136
Buildings and improvements | 68,350 | 70,522
Machinery and equipment | 224,312 | 231,619
Less: Accumulated depreciation | (188,719) | (203,876)
Property, plant and equipment, net | $105,038 | $99,401


Question: What was the amount of buildings and improvements in 2019?
Answer: 68,350
Financing and cash flow
The Group delivered very strong cash generation in 2019, driven by higher operating profit and effective working capital management. Changes in working capital, reflected within cash flow from operations, benefited from:
• our continued focus on improving trade receivables collection; • a reduction in inventory levels due to a high level of shipments at the end of 2019; and • growth in payables, resulting from the increase in activity levels and emphasis on extending supplier payment terms.
Free cash flow for 2019 almost doubled year-on-year coming in at $100.1 million, compared to $50.9 million in 2018, resulting in a free cash flow conversion which represented 123 per cent of adjusted earnings (2018 77 per cent).
Free cash flow is set out below:
Note
1. Spirent adopted IFRS 16 on 1 January 2019; in prior periods operating lease payments were included within cash flow from operations.
Free cash flow includes a net cash outflow in respect of exceptional items in 2018 and 2019 of $5.5 million (2018 $3.6 million in respect of exceptional items charged in 2017 and 2018).
Tax payments of $5.6 million made in 2019 were consistent with the prior year (2018 $5.7 million). Net capital expenditure of $11.9 million was also broadly consistent with the prior year (2018 $10.6 million), with the incremental spend of $1.3 million primarily related to investment in 5G. We continue to exercise careful management of capital investment to ensure efficient use of capital and maximise return on investment.
Following the adoption of IFRS 16 on 1 January 2019, the payment of lease liabilities, both the principal and interest elements, are shown separately from net cash flow from operating activities. In previous periods they would have been reflected in that number. There is no overall impact in comparing free cash flow year-on-year.
In 2019, the final dividend for 2018 and an interim dividend for 2019 totalling $28.6 million were paid. This compared to total dividends of $54.8 million paid in 2018, including a special dividend of $29.9 million. In addition, 4.0 million shares were purchased and placed into the Employee Share Ownership Trust at a cost of $8.6 million (2018 1.5 million shares at a net cost of $2.5 million) and $1.9 million of cash consideration was paid to acquire the business of a navigation systems company based in the United Kingdom.
Following these payments, cash and cash equivalents closed at $183.2 million at 31 December 2019, compared with $121.6 million at 31 December 2018. There continues to be no bank debt.
Table:
$ million | 2019 | 2018
Cash flow from operations | 124.9 | 65.9
Tax paid | (5.6) | (5.7)
Net cash inflow from operating activities | 119.3 | 60.2
Interest received | 2.6 | 1.3
Net capital expenditure | (11.9) | (10.6)
Payment of lease liabilities, principal and interest1 | (10.3) | —
Lease payments received from finance leases | 0.4 | —
Free cash flow | 100.1 | 50.9


Question: In which year was the amount of interest received larger?
Answer: 2019
Calculation: $2.6>$1.3
Discontinued Operations
Year Ended December 31, 2019 Compared with the Years Ended December 31, 2018 and 2017
On December 31, 2018, we sold all of the Class A Common Units of Netsmart owned by the Company. Prior to the sale, Netsmart comprised a separate reportable segment, which due to its significance to our historical consolidated financial statements and results of operations, is now reported as a discontinued operation as a result of the sale for all periods presented. The loss from discontinued operations represents the net of losses incurred by Netsmart for the years ended December 31, 2018 and 2017 partly offset by earnings attributable to two solutions acquired during the fourth quarter of 2017 as part of the EIS Business that we no longer support effective as of March 31, 2018. Refer to Note 17, “Discontinued Operations” to our consolidated financial statements included in Part II, Item 8, “Financial Statements and Supplementary Data” of this Form 10-K for additional information regarding discontinued operations.
Table:
 | Year Ended December 31, |  |  | 2019 % | 2018 %
(In thousands) | 2019 | 2018 | 2017 | Change from 2018 | Change from 2017
Loss from discontinued operations | $ 0 | $(72,836) | $(11,915) | (100.0%) | NM
Gain on sale of Netsmart | $ 0 | 500,471 | 0 | (100.0%) | NM
Income tax effect on discontinued operations | $ 0 | (32,497) | 42,263 | (100.0%) | (176.9%)
Income (loss) from discontinued operations, net of tax | $ 0 | $395,138 | $30,348 | (100.0%) | NM


Question: What was the change in the Loss from discontinued operations from 2017 to 2018?
Answer: -60921
Calculation: -72,836 - (-11,915)
security ownership of 5% ( 5 % ) holders , directors , nominees and executive officers name of beneficial owner shares of common stock beneficially owned ( 1 ) percent of common stock outstanding .

Table:
name of beneficial owner fidelity investments | name of beneficial owner 57162311 | -2 ( 2 ) | 6.65% ( 6.65 % )
alliancebernstein lp | 48637731 | -3 ( 3 ) | 5.66% ( 5.66 % )
steven p . jobs | 5546451 | -4 ( 4 ) | *
william v . campbell | 221004 | -5 ( 5 ) | *
timothy d . cook | 12597 | -6 ( 6 ) | *
millard s . drexler | 220000 | -7 ( 7 ) | *
albert a . gore jr . | 60000 | -8 ( 8 ) | *
ronald b . johnson | 2049890 | -9 ( 9 ) | *
arthur d . levinson | 362400 | -10 ( 10 ) | *
peter oppenheimer | 149768 | -11 ( 11 ) | *
philip w . schiller | 256 | -12 ( 12 ) | *
eric e . schmidt | 12284 | -13 ( 13 ) | *
jerome b . york | 80000 | -14 ( 14 ) | *
all current executive officers and directors as a group ( 15 persons ) | 9378423 | -15 ( 15 ) | 1.09% ( 1.09 % )
all current executive officers and directors as a group ( 15 persons ) .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
9378423 ( 15 ) 1.09% ( 1.09 % ) ( 1 ) represents shares of common stock held and/or options held by such individuals that were exercisable at the table date or within 60 days thereafter .
this does not include options or restricted stock units that vest after 60 days .
the share numbers have been adjusted to reflect the company 2019s two-for-one stock split in february 2005 .
( 2 ) based on a form 13g/a filed february 14 , 2005 by fmr corp .
fmr corp .
lists its address as 82 devonshire street , boston , ma 02109 , in such filing .
( 3 ) based on a form 13f filed january 25 , 2006 , by barclays global investors .
barclays global investors lists its address as 45 fremont street , san francisco , ca 94105 .
( 4 ) includes 120000 shares of common stock that mr .
jobs has the right to acquire by exercise of stock options .
( 5 ) includes 220000 shares of common stock that mr .
campbell has the right to acquire by exercise of stock options .
( 6 ) excludes 600000 unvested restricted stock units .
( 7 ) includes 40000 shares of common stock that mr .
drexler holds indirectly and 180000 shares of common stock that mr .
drexler has the right to acquire by exercise of stock options .
( 8 ) consists of 60000 shares of common stock that mr .
gore has the right to acquire by exercise of stock options .
( 9 ) includes 1900000 shares of common stock that mr .
johnson has the right to acquire by exercise of stock options and excludes 450000 unvested restricted stock units .
( 10 ) includes 2000 shares of common stock that dr .
levinson holds indirectly and 100000 shares of common stock that dr .
levinson has the right to acquire by exercise of stock options .
( 11 ) excludes 450000 unvested restricted stock units .
( 12 ) excludes 400000 unvested restricted stock units. .

Question: if mr . oppenheimer's rsus vest , how many total shares would he then have?
Answer: 599768
Calculation: add(149768, 450000)
Property, Plant and Equipment
Property, plant and equipment consists of the following (in millions):
Depreciation expense attributed to property, plant and equipment was $180.6 million, $123.7 million and $122.9 million for the fiscal years ending March 31, 2019, 2018 and 2017, respectively.
Table:
 | March 31, | 
 | 2019 | 2018
Land | $83.4 | $73.4
Building and building improvements | 647.6 | 508.5
Machinery and equipment | 2,095.5 | 1,943.9
Projects in process | 119.2 | 118.3
Total property, plant and equipment, gross | 2,945.7 | 2,644.1
Less accumulated depreciation and amortization | 1,949.0 | 1,876.2
Total property, plant and equipment, net | $996.7 | $767.9


Question: What was the depreciation expense attributed to property, plant and equipment in 2019?
Answer: 180.6