hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
performance graph the table below compares the cumulative total shareholder return on our common stock with the cumulative total return of ( i ) the standard & poor 2019s 500 composite stock index ( 201cs&p 500 index 201d ) , ( ii ) the standard & poor 2019s industrials index ( 201cs&p industrials index 201d ) and ( iii ) the standard & poor 2019s consumer durables & apparel index ( 201cs&p consumer durables & apparel index 201d ) , from december 31 , 2007 through december 31 , 2012 , when the closing price of our common stock was $ 16.66 . the graph assumes investments of $ 100 on december 31 , 2007 in our common stock and in each of the three indices and the reinvestment of dividends . performance graph 2007 2008 2009 2010 2011 2012 s&p 500 index s&p industrials index s&p consumer durables & apparel index the table below sets forth the value , as of december 31 for each of the years indicated , of a $ 100 investment made on december 31 , 2007 in each of our common stock , the s&p 500 index , the s&p industrials index and the s&p consumer durables & apparel index and includes the reinvestment of dividends. .

Table:
 | 2008 | 2009 | 2010 | 2011 | 2012
masco | $ 55.78 | $ 71.52 | $ 67.12 | $ 52.15 | $ 92.49
s&p 500 index | $ 63.45 | $ 79.90 | $ 91.74 | $ 93.67 | $ 108.55
s&p industrials index | $ 60.60 | $ 72.83 | $ 92.04 | $ 91.50 | $ 105.47
s&p consumer durables & apparel index | $ 66.43 | $ 90.54 | $ 118.19 | $ 127.31 | $ 154.72
in july 2007 , our board of directors authorized the purchase of up to 50 million shares of our common stock in open-market transactions or otherwise .
at december 31 , 2012 , we had remaining authorization to repurchase up to 24 million shares .
during the first quarter of 2012 , we repurchased and retired one million shares of our common stock , for cash aggregating $ 8 million to offset the dilutive impact of the 2012 grant of one million shares of long-term stock awards .
we have not purchased any shares since march 2012. .

Question: as of december 2012 what was the ratio of the percent of the outstanding shares of the authorized repurchase of the company common stock
Answer: 48%
Calculation: divide(24, 50)
5. Receivables, net
The allowance for doubtful accounts includes all specific accounts receivable which we believe are likely not collectable based on known information. The reduction for the unpaid portion of deferred revenue represents future customer service or maintenance obligations which have been billed to customers, but remain unpaid as of the respective balance sheet dates. Deferred revenue on our consolidated balance sheets represents future customer service or maintenance obligations which have been billed and collected as of the respective balance sheet dates.
The note receivable represents the remaining outstanding balance of an original note related to the sale of a product line in 2005 in the amount of $540 thousand. This was fully reserved at the time of the sale as the note’s collectability was not assured. The note receivable is fully reserved at December 31, 2019 and 2018.
Table:
(In thousands) | December 31, | 
 | 2019 | 2018
Gross accounts receivables | $ 21,193 | $ 14,135
Allowance for returns and doubtful accounts | (265 ) | (277 )
Unpaid portion of deferred revenue | (10,847 ) | (10,670 )
Note receivable | 458 | 458
Allowance for note receivable | (458 ) | (458 )
Receivables, net | $ 10,081 | $ 3,188


Question: What is the change in net Receivables between 2018 and 2019?
Answer: 6893
Calculation: 10,081-3,188
the remaining change in other expense was driven primarily by changes on foreign currency exchange instruments as further discussed in note 7 in 201citem 8 . financial statements and supplementary data 201d of this report . income taxes .

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

Question: what is the percentage increase in total expense from 2017 to 2018?
Answer: 940%
Calculation: subtract(156, 15), divide(#0, 15), multiply(#1, const_100)
Contractual Obligations
The following table sets forth our future payments due under contractual obligations as of December 31, 2019 (in thousands):
(1) Our debt obligations consist of principal and interest repayments due on our Credit Facility based on current interest rates.
(2) Amounts represent the minimum contractual cash commitments, including the effects of fixed rental escalation clauses and deferred rent, exclusive of certain contingent rents that are not determinable for future periods.
(3) Our purchase obligations consist of purchase commitments with various manufacturing suppliers to ensure the availability of components.
(4) Income tax obligations are a result of the Tax Act and include a transition tax on unremitted foreign earnings and profits, of which we have elected to pay the estimated amount over an eight-year period.
(5) Our pension funding commitments represent the amounts that we are required to pay to fund our pension plans.
Table:
 | Total | 1 year | Less than 1-3 years | 3-5 years | More than 5 years
Debt obligations(1) | $341,250 | $17,500 | 35,000 | 288,750 | —
Interest payments associated with debt obligations(1) | 36,555 | 8,532 | 15,726 | 12,297 | —
Operating lease obligations(2) | 152,778 | 22,727 | 33,275 | 20,387 | 76,389
Purchase obligations(3) | 192,981 | 192,803 | 178 | — | —
Income tax obligations(4) | 11,724 | 1,117 | 2,234 | 4,884 | 3,489
Pension funding commitment(5) | 173,830 | 6,113 | 12,712 | 20,203 | 134,802
Total | $909,118 | $ 248,792 | $ 99,125 | $ 346,521 | $ 214,680


Question: What was the difference between total debt obligations and purchase obligations?
Answer: 148269
Calculation: $341,250-192,981
Unrecognized Tax Benefits
We are providing the following disclosures related to our unrecognized tax benefits and the effect on our effective income tax rate if recognized:
In 2019, our unrecognized tax benefit increased by $33.9 million, primarily related to increases in North America. In 2018, we increased our unrecognized tax benefit by $142.1 million, also primarily related to North America.
If the unrecognized tax benefits at December 31, 2019 were recognized, our income tax provision would decrease by $343.5 million, resulting in a substantially lower effective tax rate. Based on the potential outcome of the Company’s global tax examinations and the expiration of the statute of limitations for specific jurisdictions, it is possible that the unrecognized tax benefits could change significantly within the next 12 months. Absent resolution of significant tax controversy, the associated impact on the reserve balance is estimated to be a decrease in the range of $4.6 to $6.6 million during 2020.
We recognize interest and penalties associated with unrecognized tax benefits in our income tax provision in the Consolidated Statements of Operations. Interest and penalties recorded were $13.1 million, negligible and $4.0 million, respectively in 2019, 2018 and 2017. We had gross liabilities, for interest and penalties, of $56.2 million at December 31, 2019, $18.2 million at December 31, 2018 and $14.8 million at December 31, 2017. The increase in the gross liability related to interest and penalties from 2018 to 2019 was primarily due to a reclass within other non-current liabilities from unrecognized tax benefits to interest and penalties which had no impact on the overall Consolidated Balance Sheets or Consolidated Statement of Operations.
The majority of the unrecognized tax benefit amount of $390.3 million relates to North America.
Table:
 |  | Year Ended December 31, | 
(in millions) | 2019 | 2018 | 2017
Beginning balance of unrecognized tax benefits | $ 356.4 | $ 214.3 | $ 162.6
Additions for tax positions of current year | 3.4 | 106.0 | 7.3
Additions for tax positions of prior years | 47.9 | 59.5 | 49.3
Reductions for tax positions of prior years | (16.0) | (7.0) | (4.3)
Reductions for lapses of statutes of limitation and settlements | (1.4) | (16.4) | (0.6)
Ending balance of unrecognized tax benefits | $ 390.3 | $ 356.4 | $ 214.3


Question: What is the average annual Ending balance of unrecognized tax benefits? 
Answer: 320.33
Calculation: (390.3+356.4+214.3)/3
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 was the percentage change in the amount of Accruals?
Answer: 14.12
Calculation: ((49.3-43.2)/43.2) * 100
the fair value measurements of the borrowings under our credit agreement and receivables facility are classified as level 2 within the fair value hierarchy since they are determined based upon significant inputs observable in the market , including interest rates on recent financing transactions with similar terms and maturities . we estimated the fair value by calculating the upfront cash payment a market participant would require at december 31 , 2016 to assume these obligations . the fair value of our notes is classified as level 1 within the fair value hierarchy since it is determined based upon observable market inputs including quoted market prices in an active market . the fair value of our euro notes is determined based upon observable market inputs including quoted market prices in a market that is not active , and therefore is classified as level 2 within the fair value hierarchy . note 12 . commitments and contingencies operating leases we are obligated under noncancelable operating leases for corporate office space , warehouse and distribution facilities , trucks and certain equipment . the future minimum lease commitments under these leases at december 31 , 2016 are as follows ( in thousands ) : years ending december 31: .

Table:
2017 | $ 200450
2018 | 168926
2019 | 136462
2020 | 110063
2021 | 82494
thereafter | 486199
future minimum lease payments | $ 1184594
rental expense for operating leases was approximately $ 211.5 million , $ 168.4 million and $ 148.5 million during the years ended december 31 , 2016 , 2015 and 2014 , respectively .
we guarantee the residual values of the majority of our truck and equipment operating leases .
the residual values decline over the lease terms to a defined percentage of original cost .
in the event the lessor does not realize the residual value when a piece of equipment is sold , we would be responsible for a portion of the shortfall .
similarly , if the lessor realizes more than the residual value when a piece of equipment is sold , we would be paid the amount realized over the residual value .
had we terminated all of our operating leases subject to these guarantees at december 31 , 2016 , our portion of the guaranteed residual value would have totaled approximately $ 59.0 million .
we have not recorded a liability for the guaranteed residual value of equipment under operating leases as the recovery on disposition of the equipment under the leases is expected to approximate the guaranteed residual value .
litigation and related contingencies we have certain contingencies resulting from litigation , claims and other commitments and are subject to a variety of environmental and pollution control laws and regulations incident to the ordinary course of business .
we currently expect that the resolution of such contingencies will not materially affect our financial position , results of operations or cash flows. .

Question: in 2016 what was the percent of the total future minimum lease commitments due in 2019
Answer: 11.5%
Calculation: divide(136462, 1184594)
schlumberger limited and subsidiaries shares of common stock ( stated in millions ) issued in treasury shares outstanding .

Table:
 | issued | in treasury | shares outstanding
balance january 1 2010 | 1334 | -139 ( 139 ) | 1195
acquisition of smith international inc . | 100 | 76 | 176
shares sold to optionees less shares exchanged | 2013 | 6 | 6
shares issued under employee stock purchase plan | 2013 | 3 | 3
stock repurchase program | 2013 | -27 ( 27 ) | -27 ( 27 )
issued on conversions of debentures | 2013 | 8 | 8
balance december 31 2010 | 1434 | -73 ( 73 ) | 1361
shares sold to optionees less shares exchanged | 2013 | 6 | 6
vesting of restricted stock | 2013 | 1 | 1
shares issued under employee stock purchase plan | 2013 | 3 | 3
stock repurchase program | 2013 | -37 ( 37 ) | -37 ( 37 )
balance december 31 2011 | 1434 | -100 ( 100 ) | 1334
shares sold to optionees less shares exchanged | 2013 | 4 | 4
shares issued under employee stock purchase plan | 2013 | 4 | 4
stock repurchase program | 2013 | -14 ( 14 ) | -14 ( 14 )
balance december 31 2012 | 1434 | -106 ( 106 ) | 1328
see the notes to consolidated financial statements .

Question: what would the 2012 shares outstanding in millions have been without the acquisition of smith international?
Answer: 1152
Calculation: subtract(1328, 176)
Medical Segment Results
Below is a table summarizing results for the fiscal years ended:
Net Sales. The Medical segment had minimal net sales in both periods from newly launched products.
Gross Profit. Medical segment gross profit was a loss of $3.5 million in fiscal 2018 compared to a loss of $3.1 million in fiscal 2017. The increased loss primarily relates to the vertical manufacturing integration of some key components and research efforts to expand the product offerings.
Loss from Operations. Medical segment loss from operations increased $2.9 million to $11.4 million in fiscal 2018 compared to $8.5 million in fiscal 2017. The increased loss relates to higher outside professional fees, research and development and marketing expenses in fiscal 2018. Financial Condition, Liquidity and Capital Resources
Table:
(Dollars in Millions) | April 28, 2018 | April 29, 2017 | Net Change ($) | Net Change (%)
Net Sales | $ 0.3 | $ 0.2 | $ 0.1 | 50.0 %
Gross Profit | $ (3.5) | $ (3.1) | $ (0.4) | (12.9)%
Loss from Operations | $ (11.4) | $ (8.5) | $ (2.9) | (34.1)%


Question: What is the average Net Sales for Fiscal Year Ended April 28, 2018 to April 29, 2017?
Answer: 0.25
Calculation: (0.3+0.2) / 2
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
NOTE 10: ACCRUED EXPENSES AND OTHER LIABILITIES
Accrued expenses and other liabilities as of December 31, 2019 and 2018 consisted of the following:
Table:
 | December 31, 2019 | December 31, 2018
Payroll | $6,701 | $15,264
Accrued interest | 35,926 | 40,903
Accrued voyage expenses | — | 3,643
Accrued running costs | — | 42,212
Provision for estimated losses on vessels under time charter | — | 1,604
Audit fees and related services | 234 | 292
Accrued taxes | 8,002 | 6,268
Professional fees | 317 | 1,251
Other accrued expenses | — | 12,215
Total accrued expenses | $51,180 | $123,652


Question: What was the accrued interest in 2018?
Answer: 40,903
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 was the change in Other in FY2019 from FY2018?
Answer: 0
Calculation: 1-1
3. Accrued and other liabilities:
Accrued and other current liabilities consist of the following (in thousands):
Table:
 | December 31, | 
 | 2019 | 2018
Operating accruals | $23,695 | $24,020
Deferred revenue—current portion | 4,316 | 4,504
Payroll and benefits | 6,613 | 7,695
Taxes—non-income based | 6,053 | 4,212
Interest | 10,624 | 11,000
Total | $51,301 | $51,431


Question: What is the average current portion of deferred revenue in 2018 and 2019?
Answer: 4410
Calculation: (4,504 + 4,316)/2
The fair value of the derivative feature of the 127,346 and 295,945 warrants issued to the placement agent of the Company’s 2016 private offering and to a holder of its debt for debt cancellation in connection with the Merger, respectively on the issuance dates and at the balance sheet date were calculated using a Black-Scholes option model valued with the following assumptions:
Risk-free interest rate: The Company uses the risk-free interest rate of a U.S. Treasury Note with a similar expected term on the date of measurement.
Dividend yield: The Company uses a 0% expected dividend yield as the Company has not paid dividends to date and does not anticipate declaring dividends in the near future.
Volatility: The Company calculates the expected volatility of the stock price based on the corresponding volatility of the Company’s peer group stock price for a period consistent with the warrants’ expected term.
Expected term: The Company’s expected term is based on the remaining contractual maturity of the warrants.
During the year ended December 31, 2019 and 2018, the Company marked the derivative feature of the warrants to fair value and recorded a loss of $343,857 and a gain
of $250,241 relating to the change in fair value, respectively.
Table:
 | December 31, 2018 | December 31, 2019
Exercise price | 1.25 | 1.25
Risk-free interest rate | 2.46% | 1.59%
Dividend yield | 0.00% | 0.00%
Expected volatility | 152% | 133%
Contractual term | 2.15 years | 1.15 years


Question: What is the change in the risk-free interest rate between 2018 and 2019?
Answer: 0.87
Calculation: 2.46 - 1.59
(b) Revenue for Groups of Similar Products and Services
We design, manufacture, and sell IP-based networking and other products related to the communications and IT industry and provide services associated with these products and their use.
The following table presents revenue for groups of similar products and services (in millions):
(1) Includes SPVSS business revenue of $168 million and $903 million for fiscal 2019 and 2018, respectively.
Table:
Years Ended | July 27, 2019 | July 28, 2018 | July 29, 2017
Revenue: |  |  | 
Infrastructure Platforms  . | $30,191 | $28,322 | $27,817
Applications . | 5,803 | 5,036 | 4,568
Security | 2,730 | 2,352 | 2,152
Other Products . | 281 | 999 | 1,168
Total Product  . | 39,005 | 36,709 | 35,705
Services | 12,899 | 12,621 | 12,300
Total (1) | $51,904 | $49,330 | $48,005


Question: What was the percentage change in total product revenue between 2018 and 2019?
Answer: 6.25
Calculation: ((39,005-36,709)/36,709) * 100
16. Income Taxes
The provisions (benefits) for income taxes differed from the amount computed by applying the federal statutory income tax rate to income (loss) before income taxes due to the following items for the years ended December 31, 2019 and 2018 (in millions):
The income tax benefit as of December 31, 2019 is $20.6 million. The benefit was primarily driven by a net valuation allowance release of $37.4 million related to the Insurance segment partially offset by an impairment of goodwill which is not deductible for tax purposes. The Insurance segment is profitable in 2019 and in a three-year overall cumulative income position as of December 31, 2019.
The profitability is driven by current year income associated with favorable claims and reserve development relative to expected. Further, unrealized gains from the investment portfolio continued to grow in 2019.
The amount recorded as of December 31, 2018 primarily relates to separate state filings that do not have net operating losses available to offset income. In the third quarter of 2018, the Insurance segment acquired Humana’s long-term care business, Kanawha Insurance Company. The combined insurance entity generated a net operating loss for the year due to additional tax deductions related to increases in policy holder reserves. In addition, the bargain purchase gain is not taxable. This net operating loss was carried forward but had a valuation allowance. Additionally, the income tax expense generated from the sale of BeneVir in the second quarter of 2018 is offset by tax attributes for which a valuation allowance had been recorded. Therefore, there is no net income tax expense recorded in the income statement for the sale.
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Tax provision (benefit) at federal statutory rate | $ (11.9) | $ 38.3
Permanent differences | 0.3 | 1.5
State tax, net of federal benefit | (7.3) | 6.2
Foreign rate differential | 1.4 | (0.9)
Minority interest | 0.2 | (4.6)
Executive and stock compensation | 2.5 | 3.5
Increase (decrease) in valuation allowance | (7.6) | (43.8)
Transaction costs | 0.1 | 1.5
Tax credits generated/utilized | (2.2) | —
Return to provision | (6.0) | 15.6
ASU 2017-11 adoption | (1.3) | —
Goodwill impairment | 10.9 | —
Gain/loss on sale or deconsolidation of a subsidiary | — | 5.7
Bargain purchase gain | — | (24.2)
Other | (1.8) | 3.6
Warrant liability | 2.1 | —
Income tax (benefit) expense | $ (20.6) | $ 2.4


Question: What was the value of minority interest in 2019?
Answer: 0.2