hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
NOTE L – INCOME TAXES
On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act makes broad and complex changes to the U.S. tax code, including, but not limited to, the following that impact the Company: (1) reducing the U.S. federal corporate income tax rate from 35 percent to 21 percent; (2) eliminating the corporate alternative minimum tax; (3) creating a new limitation on deductible interest expense; (4) limiting the deductibility of certain executive compensation; and (5) limiting certain other deductions.
The Company follows ASC 740-10 “Income Taxes” which requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statement or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between financial statements and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse.
A reconciliation of tax expense computed at the statutory federal tax rate on loss from operations before income taxes to the actual income tax (benefit) /expense is as follows:
Table:
 | 2019 | 2018
Tax benefit computed at the statutory rate | $(427,244) | $(631,497)
State taxes | 6,525 | 6,874
Book expenses not deductible for tax purposes | 2,980 | 2,882
Rate Change | 45,656 | –
Other | 2,517 | (27,286)
 | (369,566) | (649,027)
Change in valuation allowance for deferred tax assets | 269,203 | 658,650
Income tax (benefit) expense | $(100,363) | $9,623


Question: What is the percentage change in the Tax benefit computed at the statutory rate from 2018 to 2019?
Answer: -32.34
Calculation: (427,244-631,497)/631,497
Restricted Share Units
During the year ended December 31, 2019, pursuant to the 2016 Incentive Plan, the Company granted restricted share unit awards (“RSUs”). RSUs generally have requisite service periods of three years and vest in increments of 33% on the anniversary of the grant dates. RSUs granted to our board vest one year from grant or as of the next annual shareholders meeting, whichever is earlier. Under each arrangement, RSUs are issued without direct cost to the employee on the vesting date. The Company estimates the fair value of the RSUs based upon the market price of the Company’s stock at the date of grant. The Company recognizes compensation expense for RSUs on a straight-line basis over the requisite service period.
A summary of nonvested RSUs is as follows:
During the year ended December 31, 2019, a total of 259,634 RSUs vested. The Company withheld 57,802 of those shares to pay the employees’ portion of the minimum payroll withholding taxes.
As of December 31, 2019, there was unrecognized compensation expense of $20.5 million related to RSUs, $15.0 million related to TSRs, $0.5 million related to LTIP performance shares, $0.3 million related to nonvested RSAs, and $0.2 million related to nonvested stock options, which the Company expects to recognize over weighted average periods of 1.9 years, 1.9 years, 0.1 years, 0.2 years, and 0.3 years, respectively.
The Company recorded stock-based compensation expense recognized under ASC 718 during the years ended December 31, 2019, 2018, and 2017, of $36.8 million, $20.4 million, and $13.7 million, respectively, with corresponding tax benefits of $5.9 million, $3.9 million, and $1.7 million, respectively. The Company recognizes compensation expense for stock option awards that vest with only service conditions on a straight-line basis over the requisite service period. The Company recognizes compensation expense for stock option awards that vest with service and market-based conditions on a straight-line basis over the longer of the requisite service period or the estimated period to meet the defined market-based condition.
Table:
 | Number of Shares | Weighted Average Grant Date Fair Value
Nonvested as of December 31, 2018 | 651,045 | $23.82
Granted | 742,579 | 33.28
Vested | -259,634 | 24.16
Forfeited | -124,586 | 29.79
Nonvested as of December 31, 2019 | 1,009,404 | $ 29.96


Question: What was the percentage change in nonvested RSUs between 2018 and 2019?
Answer: 55.04
Calculation: (1,009,404-651,045)/651,045
Streamlined Energy and Carbon Reporting
We have decided to voluntarily comply with the UK government’s Streamlined Energy and Carbon Reporting (SECR) policy a year early. The table below represents Unilever’s energy use and associated GHG emissions from electricity and fuel in the UK for the 2018 and 2019 reporting years (1 October to 30 September), with scope calculations aligned to the Greenhouse Gas Protocol. The scope of this data includes 8 manufacturing sites and 11 non-manufacturing sites based in the UK. The UK accounts for 5% of our global total Scope 1 and 2 emissions, outlined in our mandatory GHG reporting also on this page.
(a) Fleet and associated diesel use excluded. Transportation is operated by a
third party and accounted for under Scope 3.
(b) Carbon emission factors for grid electricity calculated according to the marketbased method'
For further information on energy efficiency measures taken to reduce our carbon
emissions, please see page 19.
Table:
K operations | 2019 | 2018
Biogas (MWh) | 17,045 | 15,958
Natural gas (MWh) | 238,081 | 278,849
PG (MWh) | 866 | 1,513
Fuel oils (MWh) | 580 | 648
Coal (MWh) | 0 | 0
Electricity (MWh) | 195,796 | 196,965
Heat and steam (MWh) | 212,482 | 272,985
Total energy (MWh)(a) | 408,280 | 469,950
Total Scope 1 emissions (tonnes CO2e) | 48,178 | 56,533
Total Scope 2 emissions (tonnes COe)(b)2 | 702 | 3,067


Question: What is the percentage increase / (decrease) in Fuel Oils from 2018 to 2019?
Answer: -10.49
Calculation: 580 / 648 - 1
(6) Intangible Assets
Intangible assets consist of the following (in thousands):
During 2019, we periodically assessed whether any indicators of impairment existed related to our intangible assets. As of each interim period end during the year, we concluded that a triggering event had not occurred that would more likely than not reduce the fair value of our intangible assets below their carrying values.
Amortization expense recognized in 2019, 2018 and 2017 was $23,671,000, $15,737,000 and $16,812,000, respectively.
Table:
 | December 31, | 
 | 2019 | 2018
Customer relationships | $336,455 | $159,566
Other | 15,621 | 5,555
 | 352,076 | 165,121
Accumulated amortization | (73,492) | (52,942)
Intangible assets, net | 278,584 | 112,179


Question: How much was the Amortization expense in 2019?
Answer: $23,671,000
(3) Accounts Receivable, Net
Accounts receivable, net, is as follows (in thousands):
Bad debt expense for the years ended December 31, 2019, 2018 and 2017 was $0.7 million, $0.1 million and $0.6 million, respectively.
Table:
 | As of December 31, | 
 | 2019 | 2018
Accounts receivable | $69,767 | $41,818
Allowance for doubtful accounts | (1,125) | (711)
Net accounts receivable | $68,642 | $41,107


Question: How much was the Bad debt expense for the years ended December 31, 2017?
Answer: $0.6 million
Activity under our stock option plans is summarized as follows:
(a) Weighted-average exercise price
(b) Weighted-average contractual life remaining
The total aggregate intrinsic value of options exercised is $2,149, $1,724, and $1,944 for fiscal years ended March 31, 2017, 2018, and 2019, respectively.
Table:
 | Number of Shares | Average Price (a) | Average Life (years) (b) | Aggregate Intrinsic Value
Outstanding at March 31, 2018 | 1,894 | $12.90 | - | -
Options granted | - | - | - | -
Options exercised | (326) | 13.11 | - | $1,944
Options cancelled/forfeited | (122) | 13.22 | - | 295
Outstanding at March 31, 2019 | 1,446 | $12.82 | 3.29 | $6,528
Exercisable at March 31, 2019 | 1,347 | $12.70 | 3.08 | $6,253


Question: What is the total aggregate intrinsic value of options exercised for the fiscal years ended March 31, 2017 to 2019 respectively?
Answer: $2,149, $1,724, $1,944
NOTE 10 – COMMON STOCK PURCHASE WARRANTS
Our warrant activity during the years ended December 31, 2019 and 2018 is shown below (in thousands except price data):
In connection with the issuance of the $10.0 million secured promissory notes in December 2013, we issued common stock purchase warrants (“warrants”) exercisable for 60 thousand shares of our common stock having an exercise price of $2.52 per share (after giving effect to our one-for-five reverse stock split) with an expiration date in December 2020. These warrants contain a cashless exercise feature (See Note 7).
As part of our July 2017 private placement transaction with Mr. Schutte, we issued warrants to purchase 1,782,531 shares of our common stock. The warrants are immediately exercisable at a price of $0.528 per share and expire five years after issuance (See Note 8). We have assigned a relative fair value of $495 thousand to the warrants out of the total $4.0 million proceeds from the private placement transaction and have accounted for these warrants as equity.
On June 28, 2019 as part of the changes made to the loan agreements we had with Mr. Schutte, each having an original due date of January 2, 2020, we issued to him a warrant to purchase 10.0 million shares of our common stock exercisable at a price of $0.01 per share and expire five years after issuance. We obtained a valuation of fair value on the warrant and $1.145 million was allocated to the warrant and accounted for as equity. (see Note 7 and Note 8). The warrant was assigned and transferred by Mr. Schutte to AD Pharma on June 28, 2019.
Table:
 |  |  | December 31, | 
 |  | 2019 |  | 2018
 |  | WAvg |  | WAvg
 |  | Exercise |  | Exercise
 | Number | Price | Number | Price
Outstanding, Jan. 1 | 1,842 | $0.59 | 1,842 | $0.59
Issued | 10,000 | 0.01 | - | -
Exercised | - | - | - | -
Expired | - | - | - | -
Modification | - | - | - | -
Outstanding, Dec. 31 | 11,842 | 0.10 | 1,842 | $0.59


Question: What was the expiration date of the 10 million secured promissory notes issued in December 2013? 
Answer: In connection with the issuance of the $10.0 million secured promissory notes in December 2013, we issued common stock purchase warrants (“warrants”) exercisable for 60 thousand shares of our common stock having an exercise price of $2.52 per share (after giving effect to our one-for-five reverse stock split) with an expiration date in December 2020.
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
MARKET FOR COMMON STOCK
The Company’s common stock trades on NYSE American under the trading symbol “DIT”. As of October 31, 2019 the closing price of our common stock on NYSE American was $73.00 and there were 565,942 common shares outstanding. As of that date, the Company had approximately 521 persons holding common shares beneficially of which approximately 121 are shareholders of record (including direct participants in the Depository Trust Company). The following table reflects the range of the high and low closing prices per share of the Company’s common stock reported by NYSE American for fiscal 2019 and 2018.
Table:
 | Fiscal 2018 |  | Fiscal 2019 | 
 | High | Low | High | Low
4th Quarter | $100.00 | $73.41 | $89.00 | $ 81.10
3rd Quarter | 100.00 | 88.27 | 98.35 | 81.30
2nd Quarter | 101.51 | 88.01 | 99.87 | 84.10
1st Quarter | 99.75 | 77.92 | 97.85 | 86.61


Question: What are the respective high and low closing prices per share of the Company’s common stock reported by NYSE American for the 2nd Quarter of fiscal 2019?
Answer: 101.51, 88.01
The employee pension plan mandated by the Labor Standards Act of the R.O.C. is a defined benefit plan. The pension benefits are disbursed based on the units of service years and average monthly salary prior to retirement according to the Labor Standards Act. Two units per year are awarded for the first 15 years of services while one unit per year is awarded after the completion of the 15th year and the total units will not exceed 45 units.
The Company contributes an amount equivalent to 2% of the employees’ total salaries and wages on a monthly basis to the pension fund deposited with the Bank of Taiwan under the name of a pension fund supervisory committee. The pension fund is managed by the government’s designated authorities and therefore is not included in the Company’s consolidated financial statements. For the years ended December 31, 2017, 2018 and 2019, total pension expenses of NT$80 million, NT$69 million and NT$59 million, respectively, were recognized by the Company.
Movements in present value of defined benefit obligation during the year:
Table:
 | For the years ended December 31, | 
 | 2018 | 2019
 | $NT (In Thousands) | $NT (In Thousands)
Defined benefit obligation at beginning of year | $(5,671,058) | $(5,620,509)
Items recognized as profit or loss: |  | 
Service cost | (24,477) | (21,043)
Interest cost | (61,247) | (51,146)
Subtotal | (85,724) | (72,189)
Remeasurements recognized in other comprehensive income (loss): |  | 
Arising from changes in financial assumptions | (91,350) | (114,976)
Experience adjustments | (5,907) | 180,095
Subtotal | (97,257) | 65,119
Benefits paid | 233,530 | 216,510


Question: What is the average interest cost?
Answer: 56196.5
Calculation: (61,247+51,146) / 2
packaging corporation of america notes to consolidated financial statements ( continued ) december 31 , 2006 4 . stock-based compensation ( continued ) same period was $ 1988000 lower , than if it had continued to account for share-based compensation under apb no . 25 . basic and diluted earnings per share for the year ended december 31 , 2006 were both $ 0.02 lower than if the company had continued to account for share-based compensation under apb no . 25 . prior to the adoption of sfas no . 123 ( r ) , the company presented all tax benefits of deductions resulting from share-based payment arrangements as operating cash flows in the statements of cash flows . sfas no . 123 ( r ) requires the cash flows resulting from the tax benefits from tax deductions in excess of the compensation cost recognized for those share awards ( excess tax benefits ) to be classified as financing cash flows . the excess tax benefit of $ 2885000 classified as a financing cash inflow for the year ended december 31 , 2006 would have been classified as an operating cash inflow if the company had not adopted sfas no . 123 ( r ) . as a result of adopting sfas no 123 ( r ) , unearned compensation previously recorded in stockholders 2019 equity was reclassified against additional paid in capital on january 1 , 2006 . all stock-based compensation expense not recognized as of december 31 , 2005 and compensation expense related to post 2005 grants of stock options and amortization of restricted stock will be recorded directly to additional paid in capital . compensation expense for stock options and restricted stock recognized in the statements of income for the year ended december 31 , 2006 , 2005 and 2004 was as follows : year ended december 31 , ( in thousands ) 2006 2005 2004 .

Table:
( in thousands ) | year ended december 31 , 2006 | year ended december 31 , 2005 | year ended december 31 , 2004
stock options | $ -3273 ( 3273 ) | $ 2014 | $ 2014
restricted stock | -2789 ( 2789 ) | -1677 ( 1677 ) | -663 ( 663 )
impact on income before income taxes | -6062 ( 6062 ) | -1677 ( 1677 ) | -663 ( 663 )
income tax benefit | 2382 | 661 | 260
impact on net income | $ -3680 ( 3680 ) | $ -1016 ( 1016 ) | $ -403 ( 403 )
.

Question: for 2006 , was stock options expense greater than restricted stock expense?
Answer: yes
Calculation: greater(3273, 2789)
Defined Benefit Pension Plan Assets
The investments of the plans are managed by insurance companies or third-party investment managers selected by Autodesk's Trustees, consistent with regulations or market practice of the country where the assets are invested. Investments managed by qualified insurance companies or third-party investment managers under standard contracts follow local regulations, and Autodesk is not actively involved in their investment strategies.
Defined benefit pension plan assets measured at fair value on a recurring basis consisted of the following investment categories at the end of each period as follows:
The insurance contracts in the preceding table represent the immediate cash surrender value of assets managed by qualified insurance companies. Autodesk does not have control over the target allocation or visibility of the investment strategies of those investments. Insurance contracts and investments held by insurance companies made up 35% and 44% of total plan assets as of January 31, 2019 and January 31, 2018, respectively.
The assets held in the investment fund in the preceding table are invested in a diversified growth fund actively managed by Russell Investments in association with Aon Hewitt. The objective of the fund is to generate capital appreciation on a longterm basis through a diversified portfolio of investments. The fund aims to deliver equity-like returns in the medium to long term with around two-thirds the volatility of equity markets. The fair value of the assets held in the investment fund are priced monthly at net asset value without restrictions on redemption.
Table:
 | Fiscal Year Ended January 31, |  |  |  | 
 | 2019 |  |  |  | 2018
 | Level 1 | Level 2 | Level 3 | Total | Total
Insurance contracts | $— | $28.0 | $— | $28.0 | $53.0
Other investments | — | 14.5 | — | 14.5 | 17.0
Total assets measured at fair value | $— | $42.5 | $— | $42.5 | 70.0
Cash |  |  |  | 4.3 | 0.2
Investment Fund valued using net asset value |  |  |  | 34.0 | 50.9
Total pension plan assets at fair value |  |  |  | $80.8 | $121.1


Question: What is the percentage change in insurance contracts between 2018 and 2019?
Answer: -47.17
Calculation: (28-53)/53
1.2 Data Centres
Note: 1. Due to its business nature, the significant air emissions of the Group are GHG emissions, arising mainly from fuels and purchased electricity produced from fossil fuels.
2. The Group’s GHG inventory includes carbon dioxide, methane and nitrous oxide. GHG emissions data for the year ended 31 December 2019 is presented in carbon dioxide equivalent and is calculated based on the “2017 Baseline Emission Factors for Regional Power Grids in China for CDM and CCER Projects” issued by the Ministry of Ecology and Environment of China, and the “2006 IPCC Guidelines for National Greenhouse Gas Inventories” issued by the Intergovernmental Panel on Climate Change (IPCC).
3. Diesel is consumed by backup power generators.
4. Hazardous waste produced by the Group’s office buildings mainly includes waste toner cartridge and waste ink cartridge from printing equipment. Waste toner cartridge and waste ink cartridge are centralised and disposed of by printing suppliers. Such data covers all office buildings of the Group in Mainland China.
5. Non-hazardous waste produced by the Group’s office buildings mainly includes domestic waste and non-hazardous office waste. Domestic waste is disposed of by the property management companies and kitchen waste recycling vendors, and its data is not available, therefore estimation of domestic waste is made with reference to “Handbook on Domestic Discharge Coefficients for Towns in the First Nationwide Census on Contaminant Discharge” published by the State Council. Non-hazardous office waste is centralised for disposal by vendors; hence such data covers all office buildings of the Group in Mainland China.
6. Hazardous waste produced by the Group’s data centres mainly includes waste lead-acid accumulators. Waste lead-acid accumulators are disposed of by qualified waste recycling vendors.
7. Non-hazardous waste produced by the Group’s data centres mainly includes waste servers and waste hard drives. Waste servers and destroyed waste hard drives are centralised and recycled by waste recycling vendors. Such data covers all the Group’s data centres.
Table:
Indicators | For the year ended 31 December | 
 | 2019 | 2018
Total GHG emissions (Scopes 1 and 2) (tonnes) | 743,287.01 | 612,521.16
Direct GHG emissions (Scope 1) (tonnes) | 316.35 | 36.76
Including: Diesel (tonnes) | 316.35 | 36.76
Indirect GHG emissions (Scope 2) (tonnes) | 742,970.66 | 612,484.40
Including: Purchased electricity (tonnes) | 742,970.66 | 612,484.40
Hazardous waste (tonnes) | 8.00 | –
Non-hazardous waste (tonnes) | 1,811.27 | 1,350.76


Question: Where does the Group's significant air emissions arise from?
Answer: fuels and purchased electricity produced from fossil fuel
Irish SIP
The weighted average market value per ordinary share for Irish SIP options exercised in 2019 was 350.0p (2018: 387.5p). The SIP shares outstanding at 31 March 2018 have fully vested (2018: had a weighted average remaining vesting period of 0.1 years). Options exercised prior to the vesting date relate to those attributable to good leavers as defined by the scheme rules.
Table:
 | 2019 | 2018
 | Number | Number
Outstanding at 1 April | 35,922 | 44,431
Dividend shares awarded | – | 788
Forfeited | – | (7,950)
Exercised | (30,506) | (1,347)
Outstanding at 31 March | 5,416 | 35,922
Vested and outstanding at 31 March | 5,416 | –


Question: What do the Options exercised prior to the vesting date relate to?
Answer: those attributable to good leavers as defined by the scheme rules.
performance graph the performance graph below shows the five-year cumulative total stockholder return on applied common stock during the period from october 30 , 2011 through october 30 , 2016 . this is compared with the cumulative total return of the standard & poor 2019s 500 stock index and the rdg semiconductor composite index over the same period . the comparison assumes $ 100 was invested on october 30 , 2011 in applied common stock and in each of the foregoing indices and assumes reinvestment of dividends , if any . dollar amounts in the graph are rounded to the nearest whole dollar . the performance shown in the graph represents past performance and should not be considered an indication of future performance . comparison of 5 year cumulative total return* among applied materials , inc. , the s&p 500 index and the rdg semiconductor composite index *assumes $ 100 invested on 10/30/11 in stock or 10/31/11 in index , including reinvestment of dividends . indexes calculated on month-end basis . copyright a9 2016 standard & poor 2019s , a division of s&p global . all rights reserved. .

Table:
 | 10/30/2011 | 10/28/2012 | 10/27/2013 | 10/26/2014 | 10/25/2015 | 10/30/2016
applied materials | 100.00 | 86.93 | 148.68 | 179.96 | 143.74 | 255.27
s&p 500 index | 100.00 | 115.21 | 146.52 | 171.82 | 180.75 | 188.90
rdg semiconductor composite index | 100.00 | 96.65 | 127.68 | 160.86 | 154.90 | 191.65
dividends during each of fiscal 2016 , 2015 , and 2014 , applied 2019s board of directors declared four quarterly cash dividends in the amount of $ 0.10 per share .
applied currently anticipates that cash dividends will continue to be paid on a quarterly basis , although the declaration of any future cash dividend is at the discretion of the board of directors and will depend on applied 2019s financial condition , results of operations , capital requirements , business conditions and other factors , as well as a determination by the board of directors that cash dividends are in the best interests of applied 2019s stockholders .
10/30/11 10/28/12 10/27/13 10/26/14 10/25/15 10/30/16 applied materials , inc .
s&p 500 rdg semiconductor composite .

Question: what is the total return if 1000000 is invested in applied materials in 2011 and sold in 2012?
Answer: -130700
Calculation: subtract(86.93, const_100), divide(1000000, const_100), multiply(#1, #0)