hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Defined Benefit Pension Plans
The Company maintains defined benefit pension plans for employees of certain of its foreign subsidiaries. Such plans conform to local practice in terms of providing minimum benefits mandated by law, collective agreements or customary practice. The Company recognizes the aggregate amount of all overfunded plans as assets and the aggregate amount of all underfunded plans as liabilities in its financial statements.
The Company's expected long-term rate of return on plan assets is updated at least annually, taking into consideration its asset allocation, historical returns on similar types of assets and the current economic environment. For estimation purposes, the Company assumes its long-term asset mix will generally be consistent with the current mix. The Company determines its discount rates using highly rated corporate bond yields and government bond yields.
Benefits under all of the Company's plans are valued utilizing the projected unit credit cost method. The Company's policy is to fund its defined benefit plans in accordance with local requirements and regulations. The funding is primarily driven by the Company's current assessment of the economic environment and projected benefit payments of its foreign subsidiaries. The Company's measurement date for determining its defined benefit obligations for all plans is December 31 of each year.
The Company recognizes actuarial gains and losses in the period the Company's annual pension plan actuarial valuations are prepared, which generally occurs during the fourth quarter of each year, or during any interim period where a revaluation is deemed necessary.
The following is a summary of the status of the Company's foreign defined benefit pension plans and the net periodic pension cost (dollars in millions):
The long term rate of return on plan assets was determined using the weighted-average method, which incorporates factors that include the historical inflation rates, interest rate yield curve and current market conditions.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Service cost | $9.4 | $9.6 | $10.0
Interest cost | 5.0 | 4.7 | 4.3
Expected return on plan assets | (6.0) | (6.1) | (5.5)
Curtailment gain | — | (0.3) | —
Actuarial and other loss | 15.6 | 6.1 | 1.9
Total net periodic pension cost | $24.0 | $14.0 | $10.7
Weighted average assumptions |  |  | 
Discount rate used for net periodic pension costs | 1.74 % | 1.66 % | 1.60 %
Discount rate used for pension benefit obligations | 1.43 % | 1.74 % | 1.66 %
Expected return on plan assets | 3.23 % | 3.18 % | 3.22 %
Rate of compensation increase | 3.07 % | 3.22 % | 3.22 %


Question: What is the service cost in 2019?
Answer: $9.4
Gross Profit
Gross profit increased $269.4 million, or 45.2%, for the year ended December 31, 2019 compared to the same period in 2018. As a percentage of total revenues, gross profit decreased from 55.6% in the year ended December 31, 2018 to 54.9% in the year ended December 31, 2019, due to Shopify Payments representing a larger percentage of total revenue and an increase in amortization of technology related to the 6RS acquisition as well as other platform enhancements. This was partly offset by lower third-party infrastructure and hosting costs and employee-related costs as a percentage of revenues as well as the relative growth of higher-margin merchant solutions products, namely Shopify Capital and referral fees from partners.
Gross profit increased $216.0 million, or 56.8%, for the year ended December 31, 2018 compared to the same period in 2017. As a percentage of total revenues, gross profit decreased from 56.5% in the year ended December 31, 2017 to 55.6% in the year ended December 31, 2018, due to Shopify Payments representing a larger percentage of total revenue, increasing the functionality and flexibility of our hosting infrastructure, and higher product costs associated with expanding our product offerings. This was partly offset by the relative growth of higher-margin merchant solutions products, namely referral fees from partners, Shopify Capital, and Shopify Shipping.
Table:
 | Years ended December 31 |  |  | 2019 vs 2018 | 2018 vs 2017
 | 2019 | 2018 | 2017 | % Change | % Change
 | (in thousands, except percentages) |  |  |  | 
Gross profit | $ 865,643 | $ 596,267 | $ 380,253 | 45.2 % | 56.8 %
Percentage of total revenues | 54.9 % | 55.6 % | 56.5 % |  | 


Question: What is the gross profit as at year ended December 31, 2019?
Answer: $ 865,643
F. Contractual Obligations as at December 31, 2019:
Payment due by period ($ in millions) (unaudited)
(1) The amount identified does not include interest costs associated with the outstanding credit facilities, which are based on LIBOR rates, plus the costs of complying with any applicable regulatory requirements and a margin ranging from 2.75% to 3.25% per annum. The amount does not include interest costs for the 2022 Senior Secured Notes, the 2022 Notes, the 2024 Notes, the NSM Loan, the 2022 Logistics Senior Notes, the Term Loan B Facility and the Navios Logistics Notes Payable. The expected interest payments are: $127.8 million (less than 1 year), $166.6 million (1-3 years), $3.8 million (3-5 years) and nil (more than 5 years). Expected interest payments are based on outstanding principal amounts, currently applicable effective interest rates and margins as of December 31, 2019, timing of scheduled payments and the term of the debt obligations.
(2) Approximately 41% of the time charter payments included above is estimated to relate to operational costs for these vessels.
(3) Navios Logistics has several lease agreements with respect to its operating port terminals and various offices. Following the sale of the management division effected on August 30, 2019 Navios Holdings has no office lease obligations (see also Note 16 included elsewhere in this Annual Report). See also Item 4.B. “Business Overview — Facilities.”
(4) Represent total amount of lease payments on an undiscounted basis.
(5) Represents principal payments of the future remaining obligation for the acquisition of six liquid barges, which bear interest at fixed rate. The amounts in the table exclude expected interest payments of $0.3 million (less than 1 year), $1.8 million (1-3 years), $0.9 million (3-5 years) and 0.1 million (more than 5 years). Expected interest payments are based on the terms of the shipbuilding contract for the construction of these barges.
Table:
Contractual Obligations | Total | Less than 1 year | 1-3 years | 3-5 years | More than 5 years
Long-term debt(1) | $1,581.8 | $51.7 | $1,461.0 | $69.1 | $—
Operating Lease Obligations (Time Charters) for vessels in operation(2)(4) | 367.4 | 109.6 | 142.7 | 81.6 | 33.5
Operating Lease Obligations (Time Charters) for vessels to be delivered(4) | 63.4 | 5.5 | 13.6 | 12.9 | 31.4
Acquisition of six liquid barges (5) | 12.4 | 0.5 | 4.4 | 5.3 | 2.2
Rent Obligations(3) | 1.3 | 0.8 | 0.4 | 0.1 | —
Land lease agreements (3) | 25.8 | 0.6 | 1.1 | 1.1 | 23.0
Total | $2,052.1 | $168.7 | $1,623.2 | $170.1 | $90.1


Question: What percentage of the time charter payments for Operating Lease Obligations (Time Charters) for vessels in operation were estimated to relate to operational costs for the company's vessels?
Answer: 41
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)
8. Cash and Cash Equivalents
Cash and cash equivalents consist of the following:
Ship management client accounts represent amounts provided by the clients of GasLog LNG Services Ltd. in order to enable the Group to cover obligations of vessels under management. A compensating balance is held as a current liability.
Table:
 | As of December 31, | 
 | 2018 | 2019
Current accounts | 220,089 | 113,655
Time deposits (with original maturities of three months or less). | 121,925 | 149,491
Ship management client accounts | 580 | 601
Total | 342,594 | 263,747


Question: What was the amount of ship management client accounts in 2018?
Answer: 580
In 2019 we recorded $5 million of impairment, restructuring charges and other related closure costs, mainly consisting of impairment of equipment and licenses dedicated exclusively to certain development projects that were cancelled, while no alternative future use was identified internally.
In 2018 we recorded $21 million of impairment, restructuring charges and other related closure costs, consisting of: (i) $19 million related to the set-top box restructuring plan and (ii) $2 million of impairment of acquired technologies, for which it was determined that they had no future alternative use.
In 2017 we recorded $45 million of impairment, restructuring charges and other related closure costs, primarily consisting of: (i) $34 million of net restructuring charges related to the set-top box restructuring plan; (ii) $13 million of restructuring charges related to the restructuring plan in Bouskoura, Morocco;
(iii) $3 million charge relating to the update of the existing unused lease provision and (iv) $5 million income for the reversal of provisions related to previously announced restructuring plans, mainly the Embedded Processing Solutions business restructuring plan, for which accrued provisions were not fully used at completion of the plan.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
 |  | (In millions) | 
Impairment, restructuring charges and other related closure costs | $(5) | $(21) | $(45)


Question: What is the increase/ (decrease) in Impairment, restructuring charges and other related closure costs from 2017 to 2018?
Answer: -24
Calculation: 21-45
Stock Option Award Amendment
The Board of Directors has in 2019 amended and restated the 2011 Equity Incentive Plan to reserve an additional 1,000,000 stock options for issuance. The stock options have been allocated amongst management and employees of the Company.
As of December 31, 2019, the Company has granted 755,000 and 234,000 options with vesting over a period of two and three years, respectively, and an exercise price of $4.70 per share.
The Company has used the Black-Scholes option pricing model to measure the grant date fair value of the options with the following assumptions applied to the model;
The expected volatility was based on historical volatility observed from historical company-specific data during the two years prior to the grant date.
The compensation expense related to the stock option awards was $0.1 million for the year ended December 31, 2019 and the remaining unrecognized cost related to non-vested stock options was $0.5 million with a remaining average remaining vesting period of 2.1 years.
Table:
 | Options with two year vesting | Options with three year vesting
Volatility | 57.5% | 52.5%
Dividend yield | 10.0 % | 10.0%
Risk-free interest rate | 1.64% | 1.65%
Weighted-average grant date fair value | $0.59 | $0.58


Question: What is the average volatility between the options with 2 and 3 years vesting?
Answer: 55
Calculation: (52.5% + 57.5%)/2
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
We have established an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends, and other information.
Accounts Receivable and Allowance for Doubtful Accounts — Accounts receivable are recorded at net realizable value. We maintain a credit approval process and we make significant judgments in connection with assessing our customers’ ability to pay. Despite this assessment, from time to time, our customers are unable to meet their payment obligations. We continuously monitor our customers’ credit worthiness and use our judgment in establishing a provision for estimated credit losses based upon our historical experience and any specific customer collection issues that we have identified. While such credit losses have historically been within our expectations and the provisions established, there is no assurance that we will continue to experience the same credit loss rates that we have in the past. For example, in the fourth quarter, we increased our allowance for doubtful accounts by $4.2 million relating to a customer exposure in China resulting from economic softness and funding delays causing uncertainty in large program timing which uncertainty is now exacerbated by the spreading Coronavirus. A significant change in the liquidity or financial position of our customers could have a material adverse impact on the collectability of accounts receivable and our future operating results.
Changes in allowance for doubtful accounts are summarized as follows:
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Balances at beginning of period | $1,856 | $1,748
Additions from acquisition | 1,884 | 416
Additions - charged to expense | 4,207 | 109
Deductions - write-offs, net of recoveries | (202) | (417)
Balances at end of period | $7,745 | $1,856


Question: What was the percentage change in the balances at beginning of period between 2018 and 2019?
Answer: 6.18
Calculation: ($1,856-$1,748)/$1,748
Grants of Plan-Based Awards in 2018
The following table sets forth information regarding grants of awards made to our named executive officers during 2018. We did not grant any plan-based cash awards during 2018.
(1) The amounts included in this column represent the aggregate grant date fair value of RSUs, RSAs and option awards calculated in accordance with ASC 718. The valuation assumptions used in determining the grant date fair value of the RSUs, RSAs and options reported in this column are described in the Notes to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2018.
Table:
Name | Grant Date | Number of Securities Underlying Restricted Stock Awards and Restricted Stock Units (#) | Number of Securities Underlying Options (#) | Exercise or Base Price of Option Awards ($/Sh) | Grant Date Fair Value of Stock and Option Awards ($) (1)
Mr. Dorsey | — | — | — | — | —
Ms. Friar | 4/25/2018 | 38,159 | 109,026 | 44.75 | 3,479,299
Ms.Henry | 4/25/2018 | 38,159 | 109,026 | 44.75 | 3,479,299
Ms. Reses | 4/25/2018 | 38,159 | 109,026 | 44.75 | 3,479,299
Ms. Whiteley | 4/25/2018 | 16,695 | 47,699 | 44.75 | 1,522,215
Mr. Daswani | 4/25/2018 | 4,198 | — | — | 187,861
Mr. Murphy | 4/25/2018 | 4,962 | — | — | 222,050


Question: What does the table show?
Answer: Information regarding grants of awards made to our named executive officers during 2018
REVENUE
(1) Fiscal 2019 average foreign exchange rate used for translation was 1.3255 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 fiscal 2018 which was 1.2773 USD/CDN.
Fiscal 2019 revenue increased by 8.6% (6.8% in constant currency) resulting from: • a growth in the American broadband services segment mainly due to the impact of the MetroCast acquisition which was included in revenue for only an eight-month period in the prior year combined with strong organic growth and the acquisition of the south Florida fibre network previously owned by FiberLight, LLC (the "FiberLight acquisition"); partly offset by • a decrease in the Canadian broadband services segment mainly as a result of: ◦ a decline in primary service units in the fourth quarter of fiscal 2018 and the first quarter of 2019 from lower service activations primarily due to issues resulting from the implementation of a new customer management system; partly offset by ◦ rate increases; and ◦ higher net pricing from consumer sales.
For further details on the Corporation’s revenue, please refer to the "Segmented operating and financial results" section.
Table:
Years ended August 31, |  |  |  |  | 
(in thousands of dollars, except percentages) | 2019 (1) $ | 2018 (2) $ | Change % | Change in constant currency (3) % | Foreign exchange impact (3) $
Canadian broadband services | 1,294,967 | 1,299,906 | (0.4) | (0.4) | -
American broadband services | 1,036,853 | 847,372 | 22.4 | 17.9 | 37,433
Inter-segment eliminations and other | - | 126 | (100.0) | (100.0) | -
 | 2,331,820 | 2,147,404 | 8.6 | 6.8 | 37,433


Question: What is the increase / (decrease) in Canadian broadband services from 2018 to 2019?
Answer: -4939
Calculation: 1,294,967 - 1,299,906
Revenue by Market The table below presents disaggregated net revenues by market (in thousands):
(1) Due to the adoption of ASC 606 on January 1, 2018 using the modified retrospective method, amounts prior to 2018 have not been adjusted to reflect the change to recognize certain distributor sales upon sale to the distributor, or the sell-in method, from recognition upon the Company's sale to the distributors' end customers, or the sellthrough method, which required the deferral of revenue and profit on such distributor sales.
Revenues from sales to the Company’s distributors accounted for 52%, 42% and 34% of net revenue for the years ended December 31, 2019, 2018 and 2017, respectively.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017(1)
Connected home | $152,674 | $207,336 | $288,610
% of net revenue | 48% | 54% | 69%
Infrastructure | 85,369 | 82,388 | 71,779
% of net revenue | 27% | 21% | 17%
Industrial and multi-market | 79,137 | 95,273 | 59,929
% of net revenue | 25% | 25% | 14%
Total net revenue | $317,180 | $384,997 | $420,318


Question: In which year was Total net revenue less than 400,000 thousands?
Answer: 2019, 2018
Calculation: locate and analyze Total net revenue in row 9
entergy new orleans , inc . management's financial discussion and analysis 2007 compared to 2006 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2007 to 2006 . amount ( in millions ) .

Table:
 | amount ( in millions )
2006 net revenue | $ 192.2
fuel recovery | 42.6
volume/weather | 25.6
rider revenue | 8.5
net wholesale revenue | -41.2 ( 41.2 )
other | 3.3
2007 net revenue | $ 231.0
the fuel recovery variance is due to the inclusion of grand gulf costs in fuel recoveries effective july 1 , 2006 .
in june 2006 , the city council approved the recovery of grand gulf costs through the fuel adjustment clause , without a corresponding change in base rates ( a significant portion of grand gulf costs was previously recovered through base rates ) .
the volume/weather variance is due to an increase in electricity usage in the service territory in 2007 compared to the same period in 2006 .
the first quarter 2006 was affected by customer losses following hurricane katrina .
entergy new orleans estimates that approximately 132000 electric customers and 86000 gas customers have returned and are taking service as of december 31 , 2007 , compared to approximately 95000 electric customers and 65000 gas customers as of december 31 , 2006 .
billed retail electricity usage increased a total of 540 gwh compared to the same period in 2006 , an increase of 14% ( 14 % ) .
the rider revenue variance is due primarily to a storm reserve rider effective march 2007 as a result of the city council's approval of a settlement agreement in october 2006 .
the approved storm reserve has been set to collect $ 75 million over a ten-year period through the rider and the funds will be held in a restricted escrow account .
the settlement agreement is discussed in note 2 to the financial statements .
the net wholesale revenue variance is due to more energy available for resale in 2006 due to the decrease in retail usage caused by customer losses following hurricane katrina .
in addition , 2006 revenue includes the sales into the wholesale market of entergy new orleans' share of the output of grand gulf , pursuant to city council approval of measures proposed by entergy new orleans to address the reduction in entergy new orleans' retail customer usage caused by hurricane katrina and to provide revenue support for the costs of entergy new orleans' share of grand other income statement variances 2008 compared to 2007 other operation and maintenance expenses decreased primarily due to : a provision for storm-related bad debts of $ 11 million recorded in 2007 ; a decrease of $ 6.2 million in legal and professional fees ; a decrease of $ 3.4 million in employee benefit expenses ; and a decrease of $ 1.9 million in gas operations spending due to higher labor and material costs for reliability work in 2007. .

Question: what is the growth rate in net revenue in 2007 compare to 2006 for entergy new orleans , inc.?
Answer: 20.2%
Calculation: subtract(231.0, 192.2), divide(#0, 192.2)
The pension expenses of the direct and indirect company pension plan commitments can be broken down as follows:
1 Netted against employees’ contributions.
2 Included therein: Interest effect from the adjustment of the asset ceiling.
The entire loss to be recognised outside of profit or loss in the other comprehensive income amounts to €90 million in financial year 2018/19. This figure is comprised of the effect from the change in actuarial parameters in the amount of €+247 million and the experience-based adjustments of €+4 million. It was offset by income from plan assets of €103 million and a gain of €58 million resulting from the change in the effect of the asset ceiling in the Netherlands.
In addition to expenses from defined benefit commitments, expenses for payments to external pension providers relating to defined contribution pension commitments of €82 million in financial year 2018/19 (2017/18: €82 million) were recorded. These figures also include payments to statutory pension insurance.
The provisions for obligations similar to pensions essentially comprise commitments from employment anniversary allowances, death benefits and partial retirement plans. Provisions amounting to €34 million (30/9/2018: €41 million) were allocated for these commitments. The commitments are valued on the basis of actuarial expert opinions. The valuation parameters used for this purpose are generally determined in the same way as for the company pension plan.
Table:
€ million | 2017/2018 | 2018/2019
Current service cost1 | 24 | 21
Net interest expenses2 | 11 | 9
Past service cost (incl. curtailments and changes) | 0 | 0
Settlements | 0 | 0
Other pension expenses | 1 | 1
Pension expenses | 36 | 31


Question: What was the change in pension expenses in FY2019 from FY2018?
Answer: -5
Calculation: 31-36