hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Fair Value Measurement of Financial Assets and Liabilities
The carrying values of the Company’s accounts receivable and accounts payable, approximated their fair values due to the short period of time to maturity or repayment.
The following tables set forth the Company’s financial instruments that were measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands):
The fair value of the Company’s Level 1 financial instruments is based on quoted market prices in active markets for identical instruments. The fair value of the Company’s Level 2 financial instruments is based on observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data.
In addition, Level 2 assets and liabilities include derivative financial instruments associated with hedging activity, which are further discussed in Note 4. Derivative financial instruments are initially measured at fair value on the contract date and are subsequently remeasured to fair value at each reporting date using inputs such as spot rates, forward rates, and discount rates. There is not an active market for each hedge contract, but the inputs used to calculate the value of the instruments are tied to active markets.
Table:
December 31, 2019 |  |  |  | 
 | Level 1 | Level 2 | Level 3 | Total
Assets: |  |  |  | 
Money market funds | $107,708 | $— | $— | $107,708
U.S. government agencies | — | 77,364 | — | 77,364
Corporate debt securities | — | 207,137 | — | 207,137
Total | $107,708 | $284,501 | $— | $392,209
Liabilities: |  |  |  | 
Contingent consideration | $— | $— | $1,889 | $1,889
Derivative liabilities | — | 748 | — | 748
Total | $— | $748 | $1,889 | $2,637
 |  |  |  | 
December 31, 2018 |  |  |  | 
 | Level 1 | Level 2 | Level 3 | Total
Assets: |  |  |  | 
Money market funds | $273,546 | $— | $— | $273,546
U.S. government agencies | — | 72,840 | — | 72,840
Corporate debt securities | — | 228,953 | — | 228,953
Derivative assets | — | 623 | — | 623
Total | $273,546 | $302,416 | $— | $575,962
Liabilities: |  |  |  | 
Derivative liabilities | $— | $549 | $— | $549
Stock warrant liability | — | — | 410 | 410
Total | $— | $549 | $410 | $959


Question: What inputs are used to remeasure derivative financial instruments at each reporting date?
Answer: Spot rates, forward rates, and discount rates.
The Company is holding the following currency derivatives designated as hedging instruments:
Hedge ratio is 1:1 and changes in forward rate have been designated as the hedged risk. The change in the fair value of the hedging instrument is compared with the change in fair value of the hedged item, and the lower amount
is taken to OCI. If the change in fair value of the hedging instrument is higher, then the excess change in fair value is considered ineffective hedging and recorded in net foreign exchange gains and losses. Upon recognition of the
hedged net sales, the cumulative amount in hedging reserve is released in the OCI as a reclassification adjustment and recognized in net sales.
See note E1, “Equity” for movement in the cash flow hedge reserve. No hedged net sales were recognized in 2019, hence no amount was released from hedging reserve in the OCI. No hedge ineffectiveness was recognized in
the income statement in 2019.
Table:
Foreign exchange forward contracts |  |  | 
2019 | < 1 year | 1–3 years | Total
Notional Amount (USD millions) | 517 | 176 | 693
Average forward rate (SEK/USD) | 9.13 | 8.92 | –


Question: What is the notional amount in USD for 2019 forward contracts that are less than 1 year?
Answer: 517
The director compensation policies summarized above resulted in the following total compensation for our non-management directors in fiscal year 2019:
Director Compensation Table
(1) Oleg Khaykin, President and Chief Executive Officer, is not included in this table as he was an employee of the Company and as such received no compensation for his services as a director. His compensation is disclosed in the Summary Compensation Table.
(2) The amounts shown in this column represent the grant date fair values of RSUs issued pursuant to the Company’s 2003 Equity Incentive Plan, computed in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718 (“FASB ASC Topic 718”), excluding the effect of estimated forfeitures. There can be no assurance that these grant date fair values will ever be realized by the non-employee directors. For information regarding the number of unvested RSUs held by each non-employee director as of the end of fiscal year 2019, see the column “Unvested Restricted Stock Units Outstanding” in the table below
Table:
DIRECTOR COMPENSATION |  |  | 
Name (1) | Fees Earned or Paid in Cash ($) | Stock Awards ($) (2) | Total ($)
Keith Barnes | 102,500 | 178,317 | 280,817
Richard E. Belluzzo | 160,000 | 178,317 | 338,317
Laura Black | 67,500 | 178,317 | 245,817
Tor Braham | 67,500 | 178,317 | 245,817
Timothy Campos | 77,500 | 178,317 | 255,817
Donald Colvin | 97,500 | 178,317 | 275,817
Masood A. Jabbar | 90,000 | 178,317 | 268,317


Question: What is the summed compensation for the top 3 most compensated directors?
Answer: 894951
Calculation: (338,317+280,817+275,817)
GasLog Ltd. and its Subsidiaries Notes to the consolidated financial statements (Continued) For the years ended December 31, 2017, 2018 and 2019 (All amounts expressed in thousands of U.S. Dollars, except share and per share data)    6. Tangible Fixed Assets and Vessels Under Construction
The movements in tangible fixed assets and vessels under construction are reported in the following table:
Vessels with an aggregate carrying amount of $4,407,156 as of December 31, 2019 (December 31, 2018: $4,304,252) have been pledged as collateral under the terms of the Group’s loan agreements (Note 13).
As of December 31, 2019, a number of increasingly strong negative indicators such as the difference between ship broker estimates of the fair market values and the carrying values of the Group’s Steam vessels, the lack of liquidity in the market for term employment for Steam vessels and reduced expectations for the estimated rates at which such term employment could be secured, together with the continued addition of modern, larger and more fuel efficient LNG carriers to the global fleet, prompted the Group to perform an impairment assessment of its vessels in accordance with the
Table:
 | Vessels | Office property and other tangible assets | Total tangible fixed assets | Vessels under construction
Cost |  |  |  | 
As of January 1, 2018 | 4,217,866 | 19,224 | 4,237,090 | 166,655
Additions | 49,036 | 4,678 | 53,714 | 637,046
Transfer from vessels under construction | 642,776 | — | 642,776 | (642,776)
Transfer under ‘‘Other non-current assets’’ | — | — | — | (1,650)
Fully amortized fixed assets | (10,000) | (192) | (10,192) | —
As of December 31, 2018 | 4,899,678 | 23,710 | 4,923,388 | 159,275
Additions | 26,233 | 1,454 | 27,687 | 450,918
Return of capital expenditures | (11,224) | — | (11,224) | —
Transfer from vessels under construction | 406,870 | — | 406,870 | (406,870)
Fully amortized fixed assets | (7,209) | — | (7,209) | —
As of December 31, 2019 | 5,314,348 | 25,164 | 5,339,512 | 203,323
Accumulated depreciation |  |  |  | 
As of January 1, 2018 | 460,815 | 3,709 | 464,524 | —
Depreciation | 144,611 | 863 | 145,474 | —
Fully amortized fixed assets | (10,000) | (192) | (10,192) | —
As of December 31, 2018 | 595,426 | 4,380 | 599,806 | —
Depreciation | 156,826 | 875 | 157,701 | —
Impairment loss on vessels | 162,149 | — | 162,149 | —
Fully amortized fixed assets | (7,209) | — | (7,209) | —
As of December 31, 2019 | 907,192 | 5,255 | 912,447 | —
Net book value |  |  |  | 
As of December 31, 2018 | 4,304,252 | 19,330 | 4,323,582 | 159,275
As of December 31, 2019 | 4,407,156 | 19,909 | 4,427,065 | 203,323


Question: What was the change in vessel cost from end 2018 to end 2019?
Answer: 414670
Calculation: 5,314,348 - 4,899,678
Selected Current Liabilities
Current liabilities reflected in our consolidated balance sheets include accounts payable and other current liabilities as follows:
Included in accounts payable at December 31, 2019 and 2018, were (i) $106 million and $86 million, respectively, representing book overdrafts and (ii) $469 million and $434 million, respectively, associated with capital expenditures.
Table:
 | As of December 31, | 
 | 2019 | 2018
 | (Dollars in millions) | 
Accounts payable | $1,724 | 1,933
Other current liabilities: |  | 
Accrued rent | $75 | 45
Legal contingencies | 88 | 30
Other | 223 | 282
Total other current liabilities | $386 | 357


Question: What do the current liabilities reflected in the consolidated balance sheets include?
Answer: accounts payable and other current liabilities
Financial Statement Impact of Adoption on Previously Reported Results
We adopted Topic 606 using the modified retrospective method. The cumulative impact of applying the new guidance to all contracts with customers that were not completed as of April 1, 2018 was recorded as an adjustment to retained earnings as of the adoption date. As a result of applying the modified retrospective method to adopt the new standard, the following adjustments were made to noted accounts on the Consolidated Balance Sheet as of April 1, 2018:
The acceleration of revenue that was deferred under prior guidance as of the adoption date was primarily attributable to the requirement of Topic 606 to allocate the transaction price to the performance obligations in the contract on a relative basis using SSP rather than allocating under the residual method, which allocates the entire arrangement discount to the delivered performance obligations.
Due to the Company's full valuation allowance as of the adoption date, there is no tax impact associated with the adoption of Topic 606.
We made certain presentation changes to our Consolidated Balance Sheet on April 1, 2018 to comply with Topic 606. Prior to adoption of the new standard, we offset accounts receivable and contract liabilities (previously presented as deferred revenue on our Consolidated Balance Sheet) for unpaid deferred performance obligations included in contract liabilities.
Under the new standard, we record accounts receivable and related contract liabilities for non-cancelable contracts with customers when the right to consideration is unconditional. Upon adoption, the right to consideration in exchange for goods or services that have been transferred to a customer when that right is conditional on something other than the passage of time were reclassified from accounts receivable to contract assets.
Table:
(In thousands) | March 31, 2018 | Adjustment from Topic 606 | April 1, 2018
Assets: |  |  | 
Accounts receivable, net | 16,389 | 3,124 | 19,513
Contract assets | — | 4,583 | 4,583
Prepaid expenses and other current assets | 5,593 | (496) | 5,097
Other non-current assets | 2,484 | 2,409 | 4,893
Liabilities: |  |  | 
Contract liabilities | 26,820 | 7,006 | 33,826
Shareholders' equity: |  |  | 
Retained earnings | 103,601 | 2,614 | 106,215


Question: What was the percentage change in  Contract liabilities after  Adjustment from Topic 606?
Answer: 26.12
Calculation: 7,006/26,820
Item 6. Selected Consolidated Financial Data
The following table presents selected consolidated financial data as of and for the five-year period ended December 31, 2019. Our past results of operations are not necessarily indicative of our future results of operations. The following selected consolidated financial data is qualified in its entirety by, and should be read in conjunction with, “Management's Discussion and Analysis of Financial Condition and Results of Operations” and the consolidated financial statements and the notes thereto included elsewhere herein.
Consolidated Balance Sheet Data:
Table:
 |  |  | As of December 31, |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
 |  |  | (In thousands) |  | 
Cash and cash equivalents | $19,505 | $18,017 | $22,553 | $26,838 | $35,128
Working capital | $1,116 | $6,356 | $7,646 | $14,643 | $16,046
Total assets | $54,538 | $43,424 | $45,672 | $53,530 | $68,579
Stockholders' equity | $10,863 | $14,059 | $13,078 | $18,064 | $21,387


Question: What is the value of working capital from 2019 to 2015 respectively?
Answer: $1,116, $6,356, $7,646, $14,643, $16,046
OPERATING EXPENSES
(1) For the three-month period ended August 31, 2019, the average foreign exchange rate used for translation was 1.3222 USD/CDN.
(2) Fiscal 2018 was restated to comply with IFRS 15 and to reflect a change in accounting policy as well as to reclassify results from Cogeco Peer 1 as discontinued operations. For further details, please consult the "Accounting policies" and "Discontinued operations" sections.
(3) Fiscal 2019 actuals are translated at the average foreign exchange rate of the comparable period of fiscal 2018 which was 1.3100 USD/CDN.
Fiscal 2019 fourth-quarter operating expenses increased by 1.6% (1.1% in constant currency) mainly from: • additional costs in the American broadband services segment mainly due to higher programming costs, additional headcount to support growth, higher marketing initiatives to drive primary service units growth and the FiberLight acquisition;
Table:
Three months ended August 31, | 2019 (1) | 2018 (2) | Change | Change in constant currency (3) | Foreign exchange impact (3)
(in thousands of dollars, except percentages) | $ | $ | % | % | $
Canadian broadband services | 147,815 | 153,560 | (3.7) | (3.8) | 73
American broadband services | 148,215 | 136,506 | 8.6 | 7.6 | 1,370
Inter-segment eliminations and other | 6,803 | 7,911 | (14.0) | (14.0) | (2)
 | 302,833 | 297,977 | 1.6 | 1.1 | 1,441


Question: What was the average American broadband services from three months ended August 31, 2018 to 2019?
Answer: 142360.5
Calculation: (148,215 + 136,506) / 2
Fiscal 2021 LTIP
Grants made in Fiscal 2019 under the Fiscal 2021 LTIP took effect on August 6, 2018 with the goal of measuring performance over the three year period starting July 1, 2018. The table below illustrates the target value of each element under the Fiscal 2021 LTIP for each Named Executive Officer.
Awards granted in Fiscal 2019 under the Fiscal 2021 LTIP were in addition to the awards granted in Fiscal 2018, Fiscal 2017, and prior years. For details of our previous LTIPs, see Item 11 of our Annual Report on Form 10-K for the appropriate year.
Table:
Named Executive Officer | Performance Share Units | Restricted Share Units | Stock Options | Total
Mark J. Barrenechea | $2,815,000 | $1,407,500 | $1,407,500 | $5,630,000
Madhu Ranganathan | $500,000 | $250,000 | $250,000 | $1,000,000
Muhi Majzoub | $550,000 | $275,000 | $275,000 | $1,100,000
Gordon A. Davies | $500,000 | $250,000 | $250,000 | $1,000,000
Simon Harrison | $218,750 | $109,375 | $109,375 | $437,500


Question: What is Simon Harrison's Total target value expressed as percentage of total target values for all Named Executive Officer?
Answer: 4.77
Calculation: 437,500/(5,630,000+1,000,000+1,100,000+1,000,000+437,500)
part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities vornado 2019s common shares are traded on the new york stock exchange under the symbol 201cvno . 201d quarterly high and low sales prices of the common shares and dividends paid per share for the years ended december 31 , 2011 and 2010 were as follows : year ended year ended december 31 , 2011 december 31 , 2010 .

Table:
quarter | year ended december 31 2011 high | year ended december 31 2011 low | year ended december 31 2011 dividends | year ended december 31 2011 high | year ended december 31 2011 low | dividends
1st | $ 93.53 | $ 82.12 | $ 0.69 | $ 78.40 | $ 61.25 | $ 0.65
2nd | 98.42 | 86.85 | 0.69 | 86.79 | 70.06 | 0.65
3rd | 98.77 | 72.85 | 0.69 | 89.06 | 68.59 | 0.65
4th | 84.30 | 68.39 | 0.69 | 91.67 | 78.06 | 0.65
as of february 1 , 2012 , there were 1230 holders of record of our common shares .
recent sales of unregistered securities during the fourth quarter of 2011 , we issued 20891 common shares upon the redemption of class a units of the operating partnership held by persons who received units , in private placements in earlier periods , in exchange for their interests in limited partnerships that owned real estate .
the common shares were issued without registration under the securities act of 1933 in reliance on section 4 ( 2 ) of that act .
information relating to compensation plans under which our equity securities are authorized for issuance is set forth under part iii , item 12 of this annual report on form 10-k and such information is incorporated by reference herein .
recent purchases of equity securities in december 2011 , we received 410783 vornado common shares at an average price of $ 76.36 per share as payment for the exercise of certain employee options. .

Question: in december 2011 , what was the total dollar value of the vornado common shares rceived as payment for the exercise of certain employee options?
Answer: 31367389
Calculation: multiply(76.36, 410783)
Deferred Revenue
The following table summarizes contract liabilities which are shown as deferred revenue (in thousands):
Total deferred revenue increased primarily due to the extended duration period of new maintenance contracts during fiscal year 2019.
Table:
 | June 30,
2019 | June 30,
2018
Deferred maintenance | $192,955 | $164,986
Other deferred revenue   | 10,287 | 9,539
Total deferred revenue, net   | 203,242 | 174,525
Less: current portion   | 144,230 | 130,865
Non-current deferred revenue, net | $59,012 | $43,660


Question: How many years did Other deferred revenue exceed $10,000 thousand?
Answer: 1
Calculation: 2019
2016 Collective Bargaining Negotiations
During 2016, we adopted changes to our defined benefit pension plans and other postretirement benefit plans to reflect the agreed upon terms and conditions of the collective bargaining agreements ratified in June 2016. The impact includes a net increase to Accumulated other comprehensive income of $2.9 billion (net of taxes of $1.8 billion).
The amount recorded in Accumulated other comprehensive income will be reclassified to net periodic benefit cost on a straight-line basis over the average remaining service period of the respective plans’ participants, which, on a weighted-average basis, is 12.2 years for defined benefit pension plans and 7.8 years for other postretirement benefit plans.
The above-noted reclassification resulted in a decrease to net periodic benefit cost and increase to pre-tax income of approximately $658 million during 2019, 2018 and 2017, respectively. Information for pension plans with an accumulated benefit obligation in excess of plan assets follows:
Information for pension plans with an accumulated benefit obligation in excess of plan assets follows:
Table:
 |  | (dollars in millions)
At December 31, | 2019 | 2018
Projected benefit obligation | $ 21,190 | $ 19,510
Accumulated benefit obligation | 21,134 | 19,461
Fair value of plan assets | 19,388 | 17,757


Question: What was the projected benefit obligation in 2019?
Answer: $ 21,190
Stock-Based Compensation
A summary of our stock-based compensation expense is as follows (in thousands):
(1) Amount for the year ended December 31, 2018 includes $4.1 million of accelerated stock-based compensation expense. In March 2018, as
a result of a suspension of the 2014 Purchase Plan due to our non-timely filing status, all unrecognized stock-based compensation expense
related to ESPP under the 2014 Purchase Plan was accelerated and recognized within the consolidated statement of operations.
As of December 31, 2019, we had $29.5 million of unrecognized stock-based compensation expense related to
unvested stock-based awards, including ESPP under our Amended 2014 Purchase Plan, which will be recognized
over a weighted-average period of 2.6 years.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Stock-based compensation by type of award: |  |  | 
Stock options | $648 | $1,353 | $2,705
Stock awards | 14,882 | 10,445 | 11,421
Employee stock purchase rights(1) | 999 | 5,240 | 3,077
Total | $16,529 | $17,038 | $17,203
Stock-based compensation by category of expense: |  |  | 
Cost of revenue | $1,500 | $1,602 | $1,362
Sales and marketing | 5,765 | 5,667 | 6,075
Research and development | 6,039 | 6,631 | 6,343
General and administrative | 3,225 | 3,138 | 3,423
Total | $16,529 | $17,038 | $17,203


Question: What is the percentage change in total stock base compensation  by type of award between 2018 and 2019?
Answer: -2.99
Calculation: (16,529 - 17,038)/17,038
GAAP Results of Operations
Key Performance Indicators* (in millions):
* excludes discontinued operations (See Note 5 of Notes to Consolidated Financial Statements).
** excludes special charges, net (See Note 5 of Notes to Consolidated Financial Statements).
1 Includes $20.0 million of income tax benefits primarily related to the reversal of valuation allowances against the Company's deferred tax assets and the
impacts of U.S. tax reform enacted in Q4 of 2017.
Table:
 |  | Years Ended December 31, |  | Change | 
 | 2019 | 2018 | 2017 | 2019 vs 2018 | 2018 vs 2017
Net sales of continuing operations |  |  |  |  | 
Consolidated net sales | $946.9 | $896.9 | $791.8 | 5.6% | 13.3%
Consolidated gross profits | $325.7 | $307.7 | $273.2 | 5.8% | 12.6%
Consolidated gross margin | 34.4% | 34.3% | 34.5% | 0.1% | (0.2)%
Consolidated SD&A costs ** | $260.4 | $245.2 | $227.2 | 6.2% | 7.9%
Consolidated SD&A costs ** as % of sales | 27.5% | 27.3% | 28.7% | 0.2% | (1.4)%
Consolidated operating income | $66.1 | $61.7 | $45.7 | 7.1% | 35.0%
Consolidated operating margin from continuing operations | 7.0% | 6.9% | 5.8% | 0.1% | 1.1%
Effective income tax rate | 24.4% | 21.3% | (44.0)% | 3.1% | 65.3%
Net income from continuing operations | $50.0 | $49.5 | 65.5 (1) | 1.0% | (24.4)%
Net margin from continuing operations | 5.3% | 5.5% | 8.3% | (0.2)% | (2.8)%
Income (loss) from discontinued operations, net of tax $ | $(1.5) | $175.2 | $(25.1) | (100.9)% | 798.0%


Question: What is the total consolidated net sales in 2017 and 2018
Answer: 1688.7
Calculation: 896.9 + 791.8
Compensation of Key Management Personnel (Including Directors)
Short-term employee benefits comprise fees, salaries, benefits and bonuses earned during the year as well as nonmonetary benefits.
Post-employment benefits comprise the cost of providing defined contribution pensions to senior management in respect of the current period.
Share-based payments comprise the cost of senior management’s participation in share-based payment plans for the period as measured by the fair value of awards in accordance with IFRS2.
Table:
 | Year-ended 31 March 2019 | Year-ended 31 March 2018
 | $M | $M
Short-term employee benefits | 6.6 | 9.1
Post-employment benefits | 0.1 | 0.1
Share-based payments - equity-settled | 10.4 | 17.7
Total | 17.1 | 26.9


Question: What was the percentage change in the Total compensation of key management personnel  in 2019 from 2018?
Answer: -36.43
Calculation: (17.1-26.9)/26.9