hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
3. EARNINGS PER SHARE
Basic and diluted earnings (loss) per common share (“EPS”) are computed using the two-class method, which is an earnings allocation method that determines EPS for each class of common stock and participating securities considering dividends declared and participation rights in undistributed earnings. Certain of the Company’s restricted stock awards are considered participating securities because holders are entitled to receive non-forfeitable dividends, if declared, during the vesting term.
The potentially dilutive impact of the Company’s restricted stock awards is determined using the treasury stock method. Under the treasury stock method, if the average market price during the period exceeds the exercise price, these instruments are treated as if they had been exercised with the proceeds of exercise used to repurchase common stock at the average market price during the period. Any incremental difference between the assumed number of shares issued and repurchased is included in the diluted share computation.
Diluted EPS includes securities that could potentially dilute basic EPS during a reporting period. Dilutive securities are not included in the computation of loss per share when a company reports a net loss from continuing operations as the impact would be anti-dilutive.
The computation of basic and diluted EPS attributable to common shareholders computed using the two-class method is as follows:
Diluted EPS attributable to common shareholders for the years ended December 31, 2019, 2018 and 2017 excludes 1.1 million, 0.5 million and 0.3 million potential common shares, respectively, that could be issued under our share-based compensation plan, because the inclusion of the potential common shares would have an antidilutive effect.
Table:
(In thousands, except per share amounts) | 2019 | 2018 | 2017
Net income (loss) | $(19,931) | $(50,571) | $65,299
Less: net income attributable to noncontrolling interest | 452 | 263 | 354
Income (loss) attributable to common shareholders before allocation of earnings to participating securities | (20,383) | (50,834) | 64,945
Less: earnings allocated to participating securities | 462 | 810 | 362
Net income (loss) attributable to common shareholders, after earnings allocated to participating securities | $(20,845) | $(51,644) | $64,583
Weighted-average number of common shares outstanding | 70,837 | 70,613 | 60,373
Net income (loss) per common share attributable to common shareholders - basic and diluted | $ (0.29) | $ (0.73) | $ 1.07


Question: What is the percentage increase / (decrease) in the earnings allocated to participating securities from 2018 to 2019?
Answer: -42.96
Calculation: (462 / 810 - 1) * 100
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
NOTE 5: ACCOUNTS RECEIVABLE, NET
Accounts receivable consisted of the following:
Table:
 | December 31, 2019 | December 31,2018
Accounts receivable | $68,309 | $76,376
Less: provision for doubtful receivables | (16,377) | (16,086)
Accounts receivable, net | $51,932 | $60,290


Question: What was the percentage change in net accounts receivables between 2018 and 2019?
Answer: -13.86
Calculation: ((51,932-60,290)/60,290) * 100
34 Subsidiaries, joint ventures and associates (continued)
Other entities
Intu (SGS) Finance plc and Intu Metrocentre Finance plc are consolidated as subsidiaries in these financial statements but are not listed in the table above as the Group does not own the shares in these companies. These companies are vehicles set up on behalf of the Group for the sole purpose of issuing some of the Group’s listed debt. The Group’s obligations in respect of this debt via a back-to-back intercompany loan agreement between these companies and other Group companies, and security over investment property via a deed of charge between the security trustees and other Group companies, mean that the Group is deemed to have control of these companies.
Non-controlling interests
By virtue of their 40 per cent interest in The Metrocentre Partnership, GIC Real Estate is entitled to appoint 40 per cent of the directors of Metrocentre (GP) Limited. GIC Real Estate through an intermediate entity also owns a 40 per cent interest in the capital of Metrocentre Lancaster LLP. £58.2 million of the non-controlling interest losses shown in the balance sheet at 31 December 2019 (2018: £12.7 million earnings) and £70.9 million of the non-controlling interest share of loss shown in the income statement for the year ended 31 December 2019 (2018: share of loss £41.5 million) relates to GIC Real Estate’s interest in these entities. Set out below is the summarised financial information of The Metrocentre Partnership and Metrocentre LLP at 100 per cent, as consolidated:
The balance sheet includes a non-controlling interest recoverable amount of £58.2 million (2018: £12.7 million attributable to noncontrolling interest). This amount is considered to be recoverable in view of the £195.4 million owed to the non-controlling interest (which is included in the Group’s borrowings in note 23).
Table:
£m | 2019 | 2018
Summarised income statement |  | 
Revenue | 64.0 | 68.3
Loss for the year | (177.2) | (103.7)
Summarised balance sheet |  | 
Investment and development property | 676.8 | 841.8
Borrowings – 4.125% bonds 2023 | (480.5) | (479.5)
Borrowings – compound financial instrument | (488.5) | (473.8)
Other net liabilities | (27.7) | (31.2)
Net liabilities | (319.9) | (142.7)


Question: What is the percentage change in the non controlling interest share of loss from 2018 to 2019?
Answer: 70.84
Calculation: ((70.9-41.5)/41.5) * 100
The following table presents each NEO’s base salary for FY19.
(1) Mr. Kapuria was named an executive officer during FY19 and received a salary increase in connection with his promotion. His salary increased from $390,000 to $440,000 effective May 8, 2018.
As presented in the table above, our named executive officers did not receive an increase in annual base salary other than in connection with a promotion for Mr. Kapuria. Our former CEO determined that none of our other NEOs would receive a base salary increase for FY19. In addition, our Board also determined that Mr. Clark would not receive a salary increase in FY19.
Table:
 | FY18 | Change in | FY19
NEO | Annual Salary ($) | Salary (%) | Annual Salary
Gregory S. Clark | 1,000,000 | — | 1,000,000
Nicholas R. Noviello | 650,000 | — | 650,000
Amy L. Cappellanti-Wolf | 440,000 | — | 440,000
Samir Kapuria(1) | 390,000(1) | 60,000(1) | 450,000
Scott C. Taylor | 600,000 | — | 600,000


Question: What does NEO stand for?
Answer: named executive officers
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 change in the amount of stock options in 2019 from 2018?
Answer: -170
Calculation: 2,756 - 2,926
Cash flow
Net cash flow from operating activities decreased by $4.8 million to $142.9 million from $147.7 million in the prior period. The small overall decrease was due to a $9.9 million reduction in the cashflow outflow on exceptional items, a $7.0 million improved use of working capital within the business, both being offset by an increase in overheads, primarily in relation to Sales and Marketing expenses.
Unlevered free cashflow decreased by $15.8 million to $123.8 million from $139.6 million in the prior-period representing the reduction in net cash flow from operating activities adjusted for the cashflow impact of exceptional items.
1 Restated for the adoption of IFRS 15 and change in accounting policy in respect of research and development expenditure tax credit scheme (“RDEC”) and provision for interest on uncertain tax positions, as explained in note 2 of the Financial Statements
2 Unlevered free cash flow is also represented by the sum of the marked rows and has been presented to enhance understanding of the Group’s cash generation capability
3 Excludes non-cash movements on exceptional items
Table:
 | FY19 | FY181
 | $M | $M
Cash EBITDA2 | 167.9 | 199.2
Net deferral of revenue | (49.7) | (129.6)
Net deferral of expenses | 0.9 | 8.4
Foreign exchange | 1.5 | (8.1)
Depreciation | (11.6) | (11.6)
Adjusted operating profit | 109.0 | 58.3
Net deferral of revenue | 49.7 | 129.6
Net deferral of expenses | (0.9) | (8.4)
Exceptional items 3 | (3.1) | (13.0)
Depreciation | 11.6 | 11.6
Foreign exchange | (1.5) | 8.1
Change in working capital 2 | (5.2) | (12.2)
Corporation tax paid 2 | (16.7) | (26.3)
Net cash flow from operating activities | 142.9 | 147.7
Exceptional items 3 | 3.1 | 13.0
Net capital expenditure 2 | (22.2) | (21.1)
Unlevered free cash flow | 123.8 | 139.6


Question: What was the percentage change in adjusted operating profit in 2019 from 2018?
Answer: 86.96
Calculation: ((109.0-58.3)/58.3) * 100
future minimum lease payments for all non-cancelable operating leases at may 31 , 2013 were as follows : fiscal years ending may 31: .

Table:
2014 | $ 11057
2015 | 8985
2016 | 7378
2017 | 6700
2018 | 6164
thereafter | 16812
total future minimum lease payments | $ 57096
we are party to a number of claims and lawsuits incidental to our business .
in our opinion , the liabilities , if any , which may ultimately result from the outcome of such matters , individually or in the aggregate , are not expected to have a material adverse impact on our financial position , liquidity or results of operations .
operating taxes we define operating taxes as taxes that are unrelated to income taxes , such as sales , property , value-add and other business taxes .
during the course of operations , we must interpret the meaning of various operating tax matters in the united states and in the foreign jurisdictions in which we do business .
taxing authorities in those various jurisdictions may arrive at different interpretations of applicable tax laws and regulations as they relate to such operating tax matters , which could result in the payment of additional taxes in those jurisdictions .
as of may 31 , 2013 and 2012 , we did not have liabilities for contingencies related to operating tax items based on management 2019s best estimate given our history with similar matters and interpretations of current laws and regulations .
bin/ica agreements we have entered into sponsorship or depository and processing agreements with certain banks .
these agreements allow us to use the banks 2019 identification numbers , referred to as bank identification number ( 201cbin 201d ) for visa transactions and interbank card association ( 201cica 201d ) number for mastercard transactions , to clear credit card transactions through visa and mastercard .
certain of such agreements contain financial covenants , and we were in compliance with all such covenants as of may 31 , 2013 .
our canadian visa sponsorship , which was originally obtained through a canadian financial institution , expired in march 2011 .
we have filed an application with the office of the superintendent of financial institutions canada ( 201cosfi 201d ) for the formation of a wholly owned loan company in canada which would serve as our financial institution sponsor .
on december 12 , 2012 , the loan company received a restricted order to commence and carry on business from osfi which will enable the loan company to become a direct visa member at such time that global payments concludes the appropriate bin transfer process with visa .
in march 2011 , we obtained temporary direct participation in the visa canada system , while the loan company application was pending .
we anticipate that the bin transfer process with visa will be completed by september 30 , 2013. .

Question: what percentage of lease payments will be paid out in the first year?
Answer: 19.4%
Calculation: divide(11057, 57096)
item 5 . market for the registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following graph compares annual total return of our common stock , the standard & poor 2019s 500 composite stock index ( 201cs&p 500 index 201d ) and our peer group ( 201cloews peer group 201d ) for the five years ended december 31 , 2009 . the graph assumes that the value of the investment in our common stock , the s&p 500 index and the loews peer group was $ 100 on december 31 , 2004 and that all dividends were reinvested. .

Table:
 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009
loews common stock | 100.00 | 135.92 | 179.47 | 219.01 | 123.70 | 160.62
s&p 500 index | 100.00 | 104.91 | 121.48 | 128.16 | 80.74 | 102.11
loews peer group ( a ) | 100.00 | 133.59 | 152.24 | 174.46 | 106.30 | 136.35
( a ) the loews peer group consists of the following companies that are industry competitors of our principal operating subsidiaries : ace limited , w.r .
berkley corporation , cabot oil & gas corporation , the chubb corporation , energy transfer partners l.p. , ensco international incorporated , the hartford financial services group , inc. , kinder morgan energy partners , l.p. , noble corporation , range resources corporation , spectra energy corporation ( included from december 14 , 2006 when it began trading ) , transocean , ltd .
and the travelers companies , inc .
dividend information we have paid quarterly cash dividends on loews common stock in each year since 1967 .
regular dividends of $ 0.0625 per share of loews common stock were paid in each calendar quarter of 2009 and 2008 .
we paid quarterly cash dividends on the former carolina group stock until the separation .
regular dividends of $ 0.455 per share of the former carolina group stock were paid in the first and second quarters of 2008. .

Question: what is the return on investment for s&p500 from 2004 to 2006?
Answer: 21.5%
Calculation: subtract(121.48, const_100), divide(#0, const_100)
item 11 . executive compensation information with respect to executive compensation required by this item 11 will be included in pca 2019s proxy statement under the captions 201ccompensation discussion and analysis , 201d 201cexecutive officer and director compensation 201d ( including all subcaptions and tables thereunder ) and 201cboard committees 2014 compensation committee 201d and is incorporated herein by reference . item 12 . security ownership of certain beneficial owners and management and related stockholder matters information with respect to security ownership of certain beneficial owners and management required by this item 12 will be included in pca 2019s proxy statement under the caption 201cownership of our stock 201d and is incorporated herein by reference . authorization of securities under equity compensation plans 2014 securities authorized for issuance under our equity compensation plans at december 31 , 2013 are as follows: .

Table:
plan category | column a number of securities to be issued upon exercise of outstanding options warrants and rights ( a ) | column b weighted average exercise price ofoutstanding options warrants and rights | column c number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column a )
equity compensation plans approved by securityholders | 151945 | $ 24.61 | 2140954
equity compensation plans not approved by securityholders | n/a | n/a | n/a
total | 151945 | $ 24.61 | 2140954
( a ) does not include 1534294 shares of unvested restricted stock and performance units granted pursuant to our amended and restated 1999 long-term equity incentive plan .
item 13 .
certain relationships and related transactions , and director independence information with respect to certain relationships and related transactions and director independence required by this item 13 will be included in pca 2019s proxy statement under the captions 201ctransactions with related persons 201d and 201celection of directors 2014 determination of director independence , 201d respectively , and is incorporated herein by reference .
item 14 .
principal accounting fees and services information with respect to fees and services of the principal accountant required by this item 14 will be included in pca 2019s proxy statement under the caption 201cratification of appointment of the independent registered public accounting firm 201d under the subcaptions 201c 2014 fees to the independent registered public accounting firm 201d and 201c 2014 audit committee preapproval policy for audit and non-audit fees 201d and are incorporated herein by reference. .

Question: as of december 312013 what was the ratio of the equity compensation plans approved by security holders remaining to be issued to the amount to be issued upon exercise of outstanding
Answer: 14.1
Calculation: divide(2140954, 151945)
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 drove the income tax benefit?
Answer: 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.
Operational Highlights
Altium achieved US$177.2 million in sales (a 23% increase) and US$171.8 million in product revenue (a 23% increase).
The Board and Systems business revenue grew to US$126.8 million with all regions reporting positive results. EMEA grew revenue to US$44.6 million, an increase of 15% and continued the transformation of its business model to direct transactional sales in key markets. The America’s achieved revenue of US$50.9 million which was a 14% growth rate. China results were outstanding with revenue at US$19.8 million, a growth rate of 37%. The Altium focus on our business in China led us to open a new sales office in Beijing and to expand our existing sales centres in Shenzhen and Shanghai. The expansion of our footprint in China will enable us to increase our penetration of the market.
Table:
Consolidated |  |  | 
 | 2019 | 2018 | Change
Product Sales | US$’000 | US$’000 | %
Altium Designer licenses | 65,157 | 53,088 | 23%
Altium Designer subscriptions | 58,959 | 53,701 | 10%
Octopart search advertising | 17,940 | 11,968 | 50%
TASKING licenses | 13,536 | 10,432 | 30%
TASKING maintenance | 8,324 | 4,706 | 67%
Altium Nexus | 6,277 | 3,769 | 67%
Service sales | 3,337 | 4,624 | (28%)
Other | 3,656 | 2,254 | 62%
Total Product Sales | 177,216 | 144,541 | 23%


Question: What are the segments of product sales?
Answer: Altium Designer licenses, Altium Designer subscriptions, Octopart search advertising, TASKING licenses, TASKING maintenance, Altium Nexus, Service sales, Other
23. Trade and other payables
Notes
1. In 2018, government grants of $0.4 million and $0.9 million were included within payments received on account and accruals, respectively. These have been reclassified to government grants.
2. In 2018, government grants of $1.0 million were included within other payables. These have been reclassified to government grants.
Trade payables are non-interest bearing and are normally settled on 30 to 60-day terms. Other payables are non-interest bearing.
The Directors consider that the carrying amount of trade payables approximates their fair value.
Table:
 |  | 2019 | 2018
Note | Note | $ million | $ million
Current |  |  | 
Trade payables |  | 24.6 | 12.9
Payments received on account1 |  | 2.3 | 1.0
Other taxes and social security costs |  | 4.6 | 3.7
Other payables |  | 1.5 | 1.0
Accruals1 |  | 49.3 | 43.2
Government grants1 | 24 | 1.8 | 1.3
 |  | 84.1 | 63.1
Non-current |  |  | 
Other payables2 |  | 0.8 | 4.4
Government grants2 | 24 | 0.2 | 1.0
 |  | 1.0 | 5.4
 |  | 85.1 | 68.5


Question: What are the components under Non-current?
Answer: Other payables, Government grants
The following table summarizes information regarding shares of common stock granted and vested (in thousands, except per common stock amounts):
As of December 31, 2019, there was $0.2 million of total unrecognized compensation cost, net of actual forfeitures, related to nonvested common stock. This cost is expected to be recognized over a weighted average period of 4.2 years.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Number of shares of common stock granted | 16 | 16 | 13
Weighted average grant-date fair value per common stock | $29.10 | $28.48 | $30.49
Fair value of common stock vested | $320 | $315 | $334
Cash used to settle the obligation | $366 | $804 | $1,134


Question: For which years was  information regarding shares of common stock granted and vested provided?
Answer: 2019, 2018, 2017