hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
The table below presents estimated payments and benefits that would have been provided to Messrs. Lien, Walcott and Bertz, assuming their respective qualifying terminations as of December 31, 2019. As a condition of receiving any severance benefits in connection with the change in control agreements, each named executive officer must execute a full waiver and release of all claims in our favor. In addition to the benefits described in the tables below, upon termination of employment each executive officer may be eligible for other benefits that are generally available to all salaried employees, such as life insurance, long-term disability, and 401(k) benefits.
(1) Mr. Lien would receive 18 months of base salary and 150% of his annual target bonus. Mr. Walcott would receive 12 months of base salary and 100% of his annual target bonus. Mr. Bertz would receive six months of base salary, 50% of his annual target bonus and the pro rata portion of his unpaid annual target bonus for the period of completed service.
(2) Mr. Lien would receive 18 months of COBRA benefits reimbursement and Mr. Bertz would receive six months of COBRA benefits reimbursement. Mr. Walcott elected not to receive benefits from the Company that would be eligible for continuation under COBRA. As a result, Mr. Walcott would not be eligible for post-termination COBRA benefits reimbursement.
(3) As of December 31, 2019, Mr. Walcott held a stock option with 13,006 unvested shares subject to such option with an exercise price of $17.15 per share. The exercise price of each of these stock options is greater than $1.38, the closing price of our common stock on The Nasdaq Global Market as of December 31, 2019. As of December 31, 2019, Mr. Walcott had 78,750 unvested RSUs and Mr. Bertz had 40,000 unvested RSUs.
(4) Mr. Lien would receive nine months of base salary and 75% of his annual target bonus; Mr. Walcott would receive six months of base salary and 50% of his target bonus; Mr. Bertz would receive three months of base salary and 25% of his target bonus.
(5) Mr. Lien would receive nine months of COBRA benefits reimbursement and Mr. Bertz would receive three months of COBRA benefits reimbursement. Mr. Walcott elected not to receive benefits from the Company that would be eligible for continuation under COBRA. As a result, Mr. Walcott would not be eligible for post-termination COBRA benefits reimbursement.
Table:
 | Chris Lien | Wister Walcott | Robert Bertz
Termination after Change of Control: |  |  | 
Cash Severance(1) | $1,200,000 | $450,000 | $254,063
Post-termination COBRA Reimbursement(2) | 48,160 | — | 11,098
Acceleration of Stock Options and RSUs(3) | — | 108,675 | 55,200
Total | $1,248,160 | $558,675 | $320,361
Termination not in connection with Change of Control: |  |  | 
Cash Severance(4) | $600,000 | $225,000 | $103,125
Post-termination COBRA Reimbursement(5) | 24,080 | — | 5,549
Total | $624,080 | $225,000 | $108,674


Question: What is the total cash severance paid by the company if they were to terminate Chris Lien, Mister Walcott and Robert Bertz after Change of Control?
Answer: 1904063
Calculation: 254,063  + 450,000 + 1,200,000
22 2016 annual report performance graph the following chart presents a comparison for the five-year period ended june 30 , 2016 , of the market performance of the company 2019s common stock with the s&p 500 index and an index of peer companies selected by the company : comparison of 5 year cumulative total return among jack henry & associates , inc. , the s&p 500 index , and a peer group the following information depicts a line graph with the following values: .

Table:
 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016
jkhy | 100.00 | 116.62 | 161.33 | 206.53 | 228.24 | 312.11
peer group | 100.00 | 107.65 | 126.89 | 174.28 | 219.46 | 251.24
s&p 500 | 100.00 | 105.45 | 127.17 | 158.46 | 170.22 | 177.02
this comparison assumes $ 100 was invested on june 30 , 2011 , and assumes reinvestments of dividends .
total returns are calculated according to market capitalization of peer group members at the beginning of each period .
peer companies selected are in the business of providing specialized computer software , hardware and related services to financial institutions and other businesses .
companies in the peer group are aci worldwide , inc. , bottomline technology , inc. , broadridge financial solutions , cardtronics , inc. , convergys corp. , corelogic , inc. , dst systems , inc. , euronet worldwide , inc. , fair isaac corp. , fidelity national information services , inc. , fiserv , inc. , global payments , inc. , moneygram international , inc. , ss&c technologies holdings , inc. , total systems services , inc. , tyler technologies , inc. , verifone systems , inc. , and wex , inc. .
heartland payment systems , inc .
was removed from the peer group as it merged with global payments , inc .
in april 2016. .

Question: what was the percentage performance growth in the 5 year cumulative total return of peer group from 2014 to 2016
Answer: 25.9%
Calculation: subtract(219.46, 174.28), divide(#0, 174.28)
Realized and unrealized (losses) gains on non-designated derivative instruments. Realized and unrealized (losses) gains related to derivative instruments that are not designated as hedges for accounting purposes are included as a separate line item in the consolidated statements of loss. Net realized and unrealized losses on non-designated derivatives were $13.7 million for 2019, compared to $14.9 million for 2018, as detailed in the table below:
The realized losses relate to amounts we actually realized for settlements related to these derivative instruments in normal course and amounts paid to terminate interest rate swap agreement terminations.
During 2019 and 2018, we had interest rate swap agreements with aggregate average net outstanding notional amounts of approximately $1.1 billion and $1.3 billion, respectively, with average fixed rates of approximately 3.0% and 2.9%, respectively. Short-term variable benchmark interest rates during these periods were generally less than 3.0% and, as such, we incurred realized losses of $8.3 million and $13.9 million during 2019 and 2018, respectively, under the interest rate swap agreements.
We did not incur any realized losses related to the termination of interest rate swaps in 2019, compared to realized losses of $13.7 million during 2018. Primarily as a result of significant changes in long-term benchmark interest rates during 2019 and 2018, we recognized unrealized losses of $7.9 million in 2019 compared to unrealized gains of $33.7 million in 2018 under the interest rate swap agreements.
During the year ended December 31, 2019, we recognized a reversal of previously unrealized losses of $26.9 million on all the warrants held by Teekay to purchase common units of Altera (or the Warrants) as a result of the sale of the Warrants to Brookfield, and we concurrently recognized a realized loss of $25.6 million during the same period. During the year ended December 31, 2018, we recognized unrealized losses of $21.1 million on the Warrants. Please read “Item 18 – Financial Statements: Note 12 – Fair Value Measurements and Financial Instruments.”
Table:
 | Year Ended | Year Ended
 | December 31, 2019 | December 31, 2018
 | $ | $
Realized (losses) gains relating to: |  | 
Interest rate swap agreements | (8,296) | (13,898)
Interest rate swap agreement terminations | — | (13,681)
Foreign currency forward contracts | (147) | —
Stock purchase warrants | (25,559) | —
Forward freight agreements | 1,490 | 137
 | (32,512) | (27,442)
Unrealized (losses) gains relating to: |  | 
Interest rate swap agreements | (7,878) | 33,700
Foreign currency forward contracts | (200) | —
Stock purchase warrants | 26,900 | (21,053)
Forward freight agreements | (29) | (57)
 | 18,793 | 12,590
Total realized and unrealized losses on derivative instruments | (13,719) | (14,852)


Question: What is the increase/ (decrease) in Realized (losses) gains relating to Interest rate swap agreements from Year Ended December 31, 2019 to December 31, 2018?
Answer: -5602
Calculation: 8,296-13,898
Net periodic benefit expense for our post-retirement benefit plans includes the following components:
We report service costs for our Combined Pension Plan and post-retirement benefit plans in cost of services and products and selling, general and administrative expenses in our consolidated statements of operations for the years ended December 31, 2019, 2018 and 2017. Additionally, a portion of the service cost is also allocated to certain assets under construction, which are capitalized and reflected as part of property, plant and equipment in our consolidated balance sheets. The remaining components of net periodic benefit expense (income) are reported in other income, net in our consolidated statements of operations. As a result of ongoing efforts to reduce our workforce, we recognized a one-time charge in 2019 of $6 million and in 2018 of $15 million for special termination benefit enhancements paid to certain eligible employees upon voluntary retirement.
Table:
 | Post-Retirement Plans |  | 
 | Years Ended December 31, |  | 
 | 2019 | 2018 | 2017
 | (Dollars in milions) |  | 
Service cost | $15 | 18 | 18
Interest cost | 110 | 97 | 100
Expected return on plan assets | (1) | (1) | (2)
Recognition of prior service cost | 16 | 20 | 20
Net periodic post-retirement benefit expense | $140 | 134 | 136


Question: Which are the components included in the net periodic benefit expense for the post-retirement benefit plans?
Answer: service cost, interest cost, expected return on plan assets, recognition of prior service cost, net periodic post-retirement benefit expense
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 is the percentage constitution of money market funds among the total assets as of December 31, 2019?
Answer: 27.46
Calculation: 107,708/392,209
Intangible Assets
The following table presents the company’s intangible asset balances by major asset class.
* Amounts as of December 31, 2019 include a decrease of $42 million in net intangible asset balances due to foreign currency translation. There was no foreign currency impact on net intangible assets for the year ended December 31, 2018.
** Other intangibles are primarily acquired proprietary and nonproprietary business processes, methodologies and systems.
Table:
 |  |  | 
($ in millions) |  |  | 
 | Gross |  | Net
 | Carrying | Accumulated | Carrying
At December 31, 2019:* | Amount | Amortization | Amount
Intangible asset class |  |  | 
Capitalized software | $ 1,749 | $  (743) | $ 1,006
Client relationships | 8,921 | (1,433) | 7,488
Completed technology | 6,261 | (1,400) | 4,861
Patents/trademarks | 2,301 | (445) | 1,856
Other** | 56 | (31) | 24
Total | $19,287 | $(4,052) | $15,235
($ in millions) |  |  | 
 | Gross |  | Net
 | Carrying | Accumulated | Carrying
At December 31, 2018: | Amount | Amortization | Amount
Intangible asset class |  |  | 
Capitalized software | $1,568 | $  (629) | $  939
Client relationships | 2,068 | (1,123) | 945
Completed technology | 2,156 | (1,296) | 860
Patents/trademarks | 641 | (330) | 311
Other** | 56 | (23) | 32
Total | $6,489 | $(3,402) | $3,087


Question: What are the types of other intangibles?
Answer: Other intangibles are primarily acquired proprietary and nonproprietary business processes, methodologies and systems.
Gross Profit
Year Ended December 31, 2019 Compared with the Year Ended December 31, 2018
Gross profit and margin decreased during the year ended December 31, 2019 compared to prior year primarily due to an increase in hosting migration costs, higher amortization of software development, recognition of previously deferred costs and the sale of OneContent business on April 2, 2018, which carried a higher gross margin compared with our other businesses. These were partially offset with an increase in organic sales for Veradigm and our acute solutions in 2019.
Year Ended December 31, 2018 Compared with the Year Ended December 31, 2017
Gross profit increased during the year ended December 31, 2018 compared with the year ended December 31, 2017 primarily due to acquisitions. From a revenue mix perspective, gross profit associated with our recurring revenue streams, which include the delivery of recurring subscription-based software sales, support and maintenance, and recurring client services improved as we continued to expand our customer base for these services, particularly those related to outsourcing and revenue cycle management. Gross profit associated with our non-recurring software delivery, support and maintenance revenue stream decreased primarily due to fewer perpetual software license sales of our acute and population health management solutions. Gross profit associated with our non-recurring client services revenue stream, which includes non-recurring project-based client services, decreased primarily driven by higher internal personnel costs, including those related to incremental resources from recent acquisitions. Gross margin decreased primarily due to lower sales of higher margin perpetual software licenses and higher amortization of software development and acquisition-related assets driven by additional amortization expense associated with intangible assets acquired as part of recent acquisitions.
Table:
 | Year Ended December 31, |  |  |  | 
(In thousands) | 2019 | 2018 | 2017 | 2019 % Change from 2018 | 2018 % Change from 2017
Total cost of revenue | $ 1,058,097 | $ 1,025,419 | $ 864,909 | 3.2% | 18.6%
Gross profit | $ 713,580 | $ 724,543 | $ 632,799 | (1.5%) | 14.5%
Gross margin % | 40.3% | 41.4% | 42.3% |  | 


Question: What is the average gross profit between 2017-2019?
Answer: 690307.33
Calculation: (713,580 + 724,543 + 632,799) / 3
Interest and Other Expense, Net
The following table sets forth the components of interest and other expense, net:
Interest and other expense, net, positively changed by $30.5 million during fiscal 2019, as compared to fiscal 2018, primarily driven by curtailment gains on our pension plans, mark-to-market gains on certain of our privately-held strategic investments, realized gains on sales of strategic investments, offset by an increase in interest expense resulting from our term loan entered into on December 17, 2018 in aggregate principal amount of $500 million and mark-to-market losses on marketable securities.
Interest and other expense, net, increased $24.0 million during fiscal 2018, as compared to fiscal 2017, primarily related to increases in impairment losses on certain of our privately-held strategic investments and interest expense resulting from our June 2017 issuance of $500.0 million aggregate principal amount of 3.5% notes due June 15, 2027.
Interest expense and investment income fluctuates based on average cash, marketable securities and debt balances, average maturities and interest rates.
Gains and losses on foreign currency are primarily due to the impact of re-measuring foreign currency transactions and net monetary assets into the functional currency of the corresponding entity. The amount of the gain or loss on foreign currency is driven by the volume of foreign currency transactions and the foreign currency exchange rates for the year
Table:
 |  | Fiscal year ended January 31, | 
 | 2019 | 2018 | 2017
 |  | (in millions) | 
Interest and investment expense, net | $(52.1) | $(34.5) | $(29.7)
Gain (loss) on foreign currency | 5.1 | (3.3) | (3.3)
Gain (loss) on strategic investments | 12.5 | (16.4) | 0.3
Other income | 16.8 | 6.0 | 8.5
Interest and other expense, net | $(17.7) | $(48.2) | $(24.2)


Question: What is average "other income" for the 3 year period from 2017 to 2019?
Answer: 10.43
Calculation: (16.8 + 6.0 + 8.5) / 3
Deferred tax assets (liabilities) consist of the following:
A valuation allowance has been provided based on the uncertainty of utilizing the tax benefits, mainly related to the following deferred tax assets: • $183.4 million of foreign items, primarily net operating losses; and • $7.7 million of state tax credits.
For the year ended December 31, 2019, the valuation allowance decreased by $20.8 million. This is primarily driven by our Reinvent SEE initiatives and decreases in foreign tax rates.
As of December 31, 2019, we have foreign net operating loss carryforwards of $899.4 million expiring in years beginning in 2020 with the majority of losses having an unlimited carryover. The state net operating loss carryforwards totaling $569.3 million expire in various amounts over 1 to 19 years.
Table:
 | December 31, | 
(In millions) | 2019 | 2018
Accruals not yet deductible for tax purposes | $ 17.4 | $ 17.5
Net operating loss carryforwards | 245.9 | 265.5
Foreign, federal and state credits | 8.4 | 10.4
Employee benefit items | 79.5 | 77.0
Capitalized expenses | 32.2 | 8.9
Intangibles | 21.8 | —
Derivatives and other | 47.7 | 38.0
Sub-total deferred tax assets | 452.9 | 417.3
Valuation allowance | (197.6) | (218.4)
Total deferred tax assets | $ 255.3 | $ 198.9
Depreciation and amortization | $ (37.0) | $ (26.8)
Unremitted foreign earnings | (10.0) | —
Intangible assets | — | (21.7)
Other | (0.4) | (0.4)
Total deferred tax liabilities | (47.4) | (48.9)
Net deferred tax assets | $ 207.9 | $ 150.0


Question: What is the percentage change of Net deferred tax assets from 2018 to 2019?
Answer: 38.6
Calculation: (207.9-150.0)/150.0
Note 15. Employee Benefit Plans
Defined Benefit Plans
The Company has defined benefit pension plans that cover certain French and German employees. Most of these defined pension plans, which were acquired in the Atmel and Microsemi acquisitions, are unfunded. Plan benefits are provided in accordance with local statutory requirements. Benefits are based on years of service and employee compensation levels. Pension liabilities and charges are based upon various assumptions, updated annually, including discount rates, future salary increases, employee turnover, and mortality rates. The Company’s French pension plan provides for termination benefits paid to covered French employees only at retirement, and consists of approximately one to five months of salary. The Company's German pension plan provides for defined benefit payouts for covered German employees following retirement.
The aggregate net pension expense relating to these two plans is as follows (in millions):
Interest costs and amortization of actuarial losses are recorded in the other (loss) income, net line item in the statements of income.
Table:
 |  | Year Ended March 31, | 
 | 2019 | 2018 | 2017
Service costs | $1.5 | $2.2 | $1.4
Interest costs | 1.1 | 1.0 | 1.0
Amortization of actuarial loss | 0.4 | 0.8 | —
Settlements | — | — | 0.5
Net pension period cost | $3.0 | $4.0 | $2.9


Question: What was the change in the Amortization of actuarial loss between 2018 and 2019?
Answer: -0.4
Calculation: 0.4-0.8
The pre-tax discount rate used within the recoverable amount calculations was 8.5% (2018: 8.0%) and is based upon the weighted average cost of capital reflecting specific principal risks and uncertainties. The discount rate takes into account the risk-free rate of return, the market risk premium and beta factor reflecting the average beta for the Group and comparator companies which are used in deriving the cost of equity.
The same discount rate has been applied to both CGUs as the principal risks and uncertainties associated with the Group, as highlighted on pages 30 to 33, would also impact each CGU in a similar manner. The Board acknowledges that there are additional factors that could impact the risk profile of each CGU, which have been considered by way of sensitivity analysis performed as part of the annual impairment tests.
Key drivers to future growth rates are dependent on the Group’s ability to maintain and grow income streams whilst effectively managing operating costs. The level of headroom may change if different growth rate assumptions or a different pre-tax discount rate were used in the cash flow projections. Where the value-in-use calculations suggest an impairment, the Board would consider alternative use values prior to realising any impairment, being the fair value less costs to dispose.
The key assumptions used for value-in-use calculations are as follows:
Having completed the 2019 impairment review, no impairment has been recognised in relation to the CGUs (2018: no impairment). Sensitivity
analysis has been performed in assessing the recoverable amounts of goodwill. There are no changes to the key assumptions of growth rate or
discount rate that are considered by the Directors to be reasonably possible, which give rise to an impairment of goodwill relating to the CGUs.
Table:
 | 2019 | 2018
Annual growth rate (after plan period) | 3.0% | 3.0%
Risk free rate of return | 3.0% | 3.0%
Market risk premium | 5.0% | 4.9%
Beta factor | 0.83 | 0.79
Cost of debt | 3.3% | 3.3%


Question: In which year was the market risk premium percentage larger?
Answer: 2019
Calculation: 5.0%>4.9%