hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
4. VESSELS
Vessels consists of the carrying value of 23 vessels for the year ended December 31, 2019 and December 31, 2018, respectively. Vessels includes capitalized drydocking costs.
Depreciation is calculated based on cost less estimated residual value of $8.0 million per vessel over the estimated useful life of the vessel using the straight-line method. The estimated useful life of a vessel is 25 years from the date the vessel is delivered from the shipyard.
*Depreciation charges of $497.0 million related to vessels disposed of in 2018 is excluded
** Impairment charges of $2.2 million and $110.5 million related to vessels disposed of in 2018 is excluded
The Company has taken three vessels through periodical maintenance surveys in 2019 and further two vessels were in drydock for periodical maintenance as at December 31, 2019.
Impairment Loss on Vessels
The Company has not recorded any impairment loss on vessels for the year ended December 31, 2019. The Company recorded an impairment loss of $2.2 million and $110.5 million for the years ended December 31, 2018 and December 31, 2017, respectively.
The Company reviewed its assets for impairment on an asset by asset basis. In determining whether the assets are recoverable, the Company compared the estimate of the undiscounted cash flows expected to be generated by the assets to its carrying value. As of December 31, 2019, it was determined that the sum of the undiscounted cash flows for each vessel exceeded its carrying value and no impairment was recorded.
In developing estimates of future undiscounted cash flows, we made assumptions and estimates based on historical trends as well as future expectations. The most important assumption in determining undiscounted cash flows are the estimated freight rates. Freight rates are volatile and the analysis is based on market rates obtained from third parties, in combination with historical achieved rates by the Company.
Table:
 | 2019 | 2018
All figures in USD ‘000     |  | 
Vessels as of January 1   | 1,307,087 | 1,769,967
Additions Vessels   | 2,531 | 169,446
Disposals Vessels   | - | (632,326)
Drydocking as of January 1   | 52,331 | 119,303
Additions Drydocking   | 7,618 | 8,210
Disposals Drydocking   | - | (75,182)
Total Vessels and Drydocking   | 1,369,567 | 1,359,418
Less Accumulated Depreciation   | (469,570) | (405,660)*
Less Accumulated Impairment Loss on Vessels | - | -**
Vessels   | 899,997 | 953,758


Question: What is the percentage change in the value of vessel additions between 2018 and 2019?
Answer: -98.51
Calculation: (2,531 - 169,446)/169,446
Sales and Marketing
Sales and marketing expenses in 2019 decreased by $7.6 million, or 32%, as compared to 2018. This decrease was primarily due to a reduction in the global sales support and marketing headcount, including reductions that were part of our restructuring activities during 2019 (refer to Note 4 of the accompanying consolidated financial statements), contributing to net decreases of $4.8 million in personnel-related costs, and $1.0 million in allocated facilities and information technology costs as compared to 2018. Restructuring costs in 2019 decreased $0.4 million, as there were additional restructuring activities in 2018, including a headcount reduction of approximately 13% of our workforce and the closure of certain leased facilities. The remaining decrease during 2019 was primarily the result of lower marketing costs of $0.6 million, as we eliminated or shifted the timing of certain of our marketing activities.
Table:
 | Years Ended December 31, |  | Change | 
 | 2019 | 2018 | $ | %
 | (dollars in thousands) |  |  | 
Sales and marketing | $15,836 | $23,425 | $(7,589) | (32)%
Percent of revenues, net | 32% | 40% |  | 


Question: What is the company's respective sales and marketing expenses in 2019 and 2018 as a percentage of its revenue?
Answer: 32%, 40%
EXECUTIVE OFFICERS OF THE REGISTRANT
Executive officers of our Company are appointed by the Board of Directors and serve at the discretion of the Board. The following table sets forth certain information with respect to all executive officers of our Company.
CHRISTOPHER H. ATAYAN has served in various senior executive positions with the Company since March 2006, including his service as Chairman of the Board since January 2008 and Chief Executive Officer since October 2006, and has been a director of the Company since 2004. Mr. Atayan has served as the Senior Managing Director of Slusser Associates, a private equity and investment banking firm, since 1988, and has been engaged in private equity and investment banking since 1982. He also serves on the Board of Eastek Holdings, LLC, a manufacturing company.
ANDREW C. PLUMMER has served as our President and Chief Operating Officer since October 2018, as our Chief Financial Officer since January 2007, and as our Secretary from January 2007 to October 2018. From 2004 to 2007, Mr. Plummer served our company in various roles including Acting Chief Financial Officer, Corporate Controller, and Manager of SEC Compliance. Prior to joining our company in 2004, Mr. Plummer practiced public accounting, primarily with the accounting firm Deloitte and Touche, LLP (now Deloitte).
CHARLES J. SCHMADERER has served as the Company’s Vice President and Corporate Controller since April 2018 and as Secretary since October 2018. From 2006 to 2018, Mr. Schmaderer served the Company in various roles including as the Vice President of Financial Reporting and Assistant Secretary, and as the Director of Financial and SEC Reporting. Prior to joining AMCON in 2006, Mr. Schmaderer practiced public accounting, primarily with the accounting firm Grant Thornton, LLP and also holds a Master of Business Administration (MBA).
Table:
Name | Age | Position
Christopher H. Atayan | 59 | Chairman of the Board, Chief Executive Officer, Director
Andrew C. Plummer | 45 | President, Chief Financial Officer, Director
Charles J. Schmaderer | 50 | Vice President, Corporate Controller, Secretary


Question: How old are the company's executive officers?
Answer: 59, 45, 50
Deferred Revenue The following table presents the breakdown of deferred revenue (in millions):
Deferred revenue decreased primarily due to the adoption of ASC 606 in the beginning of our first quarter of fiscal 2019. Of the total deferred revenue decrease related to the adoption of ASC 606 of $2.8 billion, $2.6 billion relates to deferred product revenue and $0.2 billion relates to deferred service revenue. Of the adjustment to deferred product revenue, $1.3 billion related to our recurring software and subscription offers, $0.6 billion related to two-tier distribution, and the remainder related to nonrecurring software and other adjustments. The decrease related to the adoption of ASC 606 was partially offset by an increase in product deferred revenue during the fiscal year. The increase in deferred service revenue was driven by the impact of contract renewals, partially offset by amortization of deferred service revenue.
Table:
 | July 27, 2019 | July 28, 2018 | Increase (Decrease)
Service | $11,709 | $11,431 | $ 278
Product | 6,758 | 8,254 | (1,496)
Total | $18,467 | $19,685 | $(1,218)
Reported as: |  |  | 
Current | $10,668 | $11,490 | $(822)
Noncurrent | 7,799 | 8,195 | (396)
Total | $18,467 | $19,685 | $(1,218)


Question: Why did deferred service revenue increase?
Answer: driven by the impact of contract renewals, partially offset by amortization of deferred service revenue.
Strategic Innovation-focused Investment of Capital
We target markets that have the potential for above-average growth and profit margins where domain expertise, innovation, technical competency and contracting dynamics can help to create meaningful barriers to entry. We will strategically reinvest our cash in key program captures, internal research and development (R&D), and acquisitions to target priority markets and help ensure market leading positions to drive long-term shareholder return.
We are committed to using innovation and technology to address our customers’ most pressing problems and demanding requirements. We have made meaningful and recognized contributions to technological advancements within our industries.
The cost of company-sponsored R&D activities included in our Consolidated Statements of Operations are as follows (in thousands):
Table:
 |  | Years Ended September 30, | 
 | 2019 | 2018 | 2017
Company-Sponsored Research and Development Expense: |  |  | 
Cubic Transportation Systems | $  10,948 | $  13,394 | $  26,308
Cubic Mission Solutions | 27,111 | 22,745 | 11,949
Cubic Global Defense | 10,573 | 16,259 | 14,395
Unallocated corporate expenses | 1,500 | — | —
Total company-sponsored research and development expense | $  50,132 | $  52,398 | $  52,652


Question: What is the percentage change in Cubic Mission Solutions in 2019 from 2018?
Answer: 19.2
Calculation: (27,111-22,745)/22,745
Beginning fiscal 2011, we replaced the ownership share grants with time-vested RSUs for certain Vice Presidents and Officers that vest ratably overfour to five years and have a 50% or 100% holding requirement on settled shares, which must be held until termination. There were146,268 of such RSUs outstanding as of September 29, 2019. RSUs issued to non-management directors and certain other employees vest12 months from the date of grant, or upon termination of board service if the director or employee elects to defer receipt, and totaled 69,411 units outstanding as of September 29, 2019. RSUs issued to certain other employees either cliff vest or vest ratably over three years and totaled 35,864 units outstanding as of September 29, 2019. These awards are amortized to compensation expense over the estimated vesting period based upon the fair value of our common stock on the award date discounted by the present value of the expected dividend stream over the vesting period.
The following is a summary of RSU activity for fiscal 2019:
As of September 29, 2019, there was approximately $7.4 million of total unrecognized compensation cost related to RSUs, which is expected to be recognized over a weighted-average period of 2.2 years. The weighted-average grant date fair value of awards granted was$86.08, $94.93, and $102.42 in fiscal years 2019, 2018, and 2017, respectively. In fiscal years 2019, 2018, and 2017, the total fair value of RSUs that vested and were released was$4.7 million, $4.4 million, and $4.4 million, respectively.
Table:
 |  | Weighted-
 |  | Average Grant
 |  | Date Fair
 | Shares | Value
RSUs outstanding at September 30, 2018 | 288,098 | $64.57
Granted | 93,686 | $86.08
Released | (55,642) | $84.23
Forfeited | (14,297) | $94.00
RSUs outstanding at September 29, 2019 | 311,845 | $66.18


Question: What is the total number of RSUs outstanding at September 29, 2019?
Answer: 311,845
issuer purchases of equity securities in january 2017 , our board of directors authorized the repurchase of shares of our common stock with a value of up to $ 525 million in the aggregate . as of december 29 , 2018 , $ 175 million remained available under this authorization . in february 2019 , our board of directors authorized the additional repurchase of shares of our common stock with a value of up to $ 500.0 million in the aggregate . the actual timing and amount of repurchases are subject to business and market conditions , corporate and regulatory requirements , stock price , acquisition opportunities and other factors . the following table presents repurchases made under our current authorization and shares surrendered by employees to satisfy income tax withholding obligations during the three months ended december 29 , 2018 : period total number of shares purchased ( 1 ) average price paid per share ( 2 ) total number of shares purchased as part of publicly announced plan or program maximum dollar value of shares authorized for repurchase under publicly announced plan or program ( 1 ) ( in millions ) september 30 , 2018 2013 november 3 , 2018 543900 $ 42.64 495543 $ 254 november 4 , 2018 2013 december 1 , 2018 650048 $ 44.49 623692 $ 226 december 2 , 2018 2013 december 29 , 2018 1327657 $ 42.61 1203690 $ 175 .

Table:
period | total numberof sharespurchased ( 1 ) | averageprice paidper share ( 2 ) | total number ofshares purchasedas part ofpublicly announcedplan or program | maximum dollarvalue of sharesauthorized for repurchase underpublicly announcedplan or program ( 1 ) ( in millions )
september 30 2018 2013 november 3 2018 | 543900 | $ 42.64 | 495543 | $ 254
november 4 2018 2013 december 1 2018 | 650048 | $ 44.49 | 623692 | $ 226
december 2 2018 2013 december 29 2018 | 1327657 | $ 42.61 | 1203690 | $ 175
total | 2521605 | $ 43.10 | 2322925 | 
( 1 ) shares purchased that were not part of our publicly announced repurchase programs represent employee surrender of shares of restricted stock to satisfy employee income tax withholding obligations due upon vesting , and do not reduce the dollar value that may yet be purchased under our publicly announced repurchase programs .
( 2 ) the weighted average price paid per share of common stock does not include the cost of commissions. .

Question: what was the average number of total shares purchased for the three monthly periods ending december 29 , 2018?
Answer: 840535
Calculation: divide(2521605, const_3)
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: In which end year has a higher vessel accumulated depreciation?
Answer: 2019
Calculation: 907,192 > 595,426
NOTE 2. RIGHT-OF-USE ASSETS
The Company leases many assets, including land, buildings, houses, motor vehicles, machinery and equipment. Leases typically run up to a period of 5 years, some with an option to renew the lease after the end of the non-cancelable period. Lease payments are renegotiated on a periodic basis; timing is depending on the region and type of lease. The Company has not entered into any sub-lease arrangements.
Right-of-use assets
Table:
 | Land and buildings | Motor vehicles | Other machinery and equipment | Total
Balance January 1, 2019 | 23,579 | 1,488 | 620 | 25,687
Additions | 6,475 | 1,588 | 16 | 8,079
Transfer from property, plant and equipment | 459 | – | – | 459
Modifications and reassessments | 75 | 31 | (24) | 82
Retirements | – | – | – | –
Depreciation for the year | (6,057) | (1,008) | (268) | (7,333)
Foreign currency translation effect | 518 | 43 | 12 | 573
Balance December 31, 2019 | 25,049 | 2,142 | 356 | 27,547


Question: Which type of asset had the greatest depreciation for the year?
Answer: Land and buildings
Calculation: For COL 3-5, row 7, find the largest number and the corresponding asset
table of contents index to financial statements item 3 . legal proceedings . item 4 . mine safety disclosures . not applicable . part ii price range our common stock trades on the nasdaq global select market under the symbol 201cmktx 201d . the range of closing price information for our common stock , as reported by nasdaq , was as follows : on february 16 , 2012 , the last reported closing price of our common stock on the nasdaq global select market was $ 32.65 . holders there were 41 holders of record of our common stock as of february 16 , 2012 . dividend policy we initiated a regular quarterly dividend in the fourth quarter of 2009 . during 2010 and 2011 , we paid quarterly cash dividends of $ 0.07 per share and $ 0.09 per share , respectively . in january 2012 , our board of directors approved a quarterly cash dividend of $ 0.11 per share payable on march 1 , 2012 to stockholders of record as of the close of business on february 16 , 2012 . any future declaration and payment of dividends will be at the sole discretion of the company 2019s board of directors . the board of directors may take into account such matters as general business conditions , the company 2019s financial results , capital requirements , contractual , legal , and regulatory restrictions on the payment of dividends to the company 2019s stockholders or by the company 2019s subsidiaries to the parent and any such other factors as the board of directors may deem relevant . recent sales of unregistered securities item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities. .

Table:
2011: | high | low
january 1 2011 to march 31 2011 | $ 24.19 | $ 19.78
april 1 2011 to june 30 2011 | $ 25.22 | $ 21.00
july 1 2011 to september 30 2011 | $ 30.75 | $ 23.41
october 1 2011 to december 31 2011 | $ 31.16 | $ 24.57
2010: | high | low
january 1 2010 to march 31 2010 | $ 16.20 | $ 13.25
april 1 2010 to june 30 2010 | $ 17.40 | $ 13.45
july 1 2010 to september 30 2010 | $ 17.30 | $ 12.39
october 1 2010 to december 31 2010 | $ 20.93 | $ 16.93
.

Question: based on the total holders of common stock as of february 16 , 2012 , what was the market share of mktx common stock?
Answer: $ 1338.65 \\n
Calculation: multiply(32.65, 41)
5. Investment income and financing costs
Investment income comprises interest received from short-term investments and other receivables as well as certain foreign exchange movements. Financing costs mainly arise from interest due on bonds and commercial paper issued, bank loans and the results of hedging transactions used to manage foreign exchange and interest rate movements
Note: 1 Includes €305 million (2018: €187 million; 2017: €272 million) of interest on foreign exchange derivatives.
Table:
 | 2019 | 2018 | 2017
 | €m | €m | €m
Investment income: |  |  | 
Amortised cost | 286 | 339 | 426
Fair value through profit and loss | 147 | 24 | 20
Foreign exchange | – | 322 | 28
 | 433 | 685 | 474
Financing costs: |  |  | 
Items in hedge relationships: |  |  | 
Other loans | 17 | 74 | 170
Interest rate and cross-currency interest rate swaps | (414) | (128) | (235)
Fair value hedging instrument | (8) | 48 | 22
Fair value of hedged item | 10 | (36) | (16)
Other financial liabilities held at amortised cost: |  |  | 
Bank loans and overdrafts | 336 | 317 | 419
Bonds and other liabilities1 | 1,567 | 885 | 1,243
Interest (credit)/charge on settlement of tax issues | (1) | (11) | 47
Fair value through profit and loss: |  |  | 
Derivatives – options, forward starting swaps and futures | 391 | (75) | (244)
Foreign exchange | 190 | – | –
 | 2,088 | 1,074 | 1,406
Net financing costs | 1,655 | 389 | 932


Question: How much is the 2017 bonds and other liabilities, excluding the interest on foreign exchange derivatives?
Answer: 971
Calculation: 1,243-272
4.6 Adjusted EBITDA
BCE
BCE’s adjusted EBITDA grew by 6.0% in 2019, compared to 2018, attributable to growth from all three of our segments. Higher revenues coupled with reduced operating expenses drove the year-over-year growth in adjusted EBITDA. This corresponded to an adjusted EBITDA margin of 42.2% in 2019, up 1.6 pts over last year, mainly driven by the favourable impact from the adoption of IFRS 16 in 2019, and greater service revenue flow-through, moderated by greater low-margin product sales in our total revenue base.
Table:
 | 2019 | 2018 | $ CHANGE | % CHANGE
Bell Wireless | 3,842 | 3,521 | 321 | 9.1%
Bell Wireline | 5,414 | 5,321 | 93 | 1.7%
Bell Media | 850 | 693 | 157 | 22.7%
Total BCE adjusted EBITDA | 10,106 | 9,535 | 571 | 6.0%


Question: What is the percentage of Bell Wireline of the total BCE adjusted EBITDA in 2019?
Answer: 53.57
Calculation: 5,414/10,106
22 Trade and Other Payables
Trade payables are non interest-bearing and are normally settled on 30-day terms or as otherwise agreed with suppliers.
Table:
 | 31 March 2019 | 31 March 2018
 | $M | $M
Current |  | 
Trade payables | 35.8 | 39.6
Accruals | 46.6 | 68.4
Social security and other taxes | 12.7 | 14.9
Other payables | 7.1 | 11.2
Total current trade and other payables | 102.2 | 134.1
Non-Current |  | 
Other payables | 10.1 | 8.2
Total non-current trade and other payables | 10.1 | 8.2


Question: What are the conditions for trade payables?
Answer: Trade payables are non interest-bearing and are normally settled on 30-day terms or as otherwise agreed with suppliers.
Notes to Consolidated Financial Statements (Continued)
The following geographic information includes Property, plant and equipment, net, based on physical location (amounts in thousands):
(1) No country included in this caption exceeded 1% of consolidated Property, plant and equipment net for fiscal years 2019 and 2018.
Table:
 | March 31, | 
 | 2019 | 2018
United States | $57,095 | $49,530
Japan | 89,602 | 79,855
Thailand | 82,389 | 74,100
Mexico | 121,147 | 62,503
Italy | 35,197 | 39,398
China | 45,815 | 36,396
Portugal | 31,872 | 29,073
Macedonia | 12,906 | 13,723
Bulgaria | 5,480 | 5,597
Sweden | 4,800 | 6,005
Other (1) | 8,977 | 9,136
Total Non-United States | 438,185 | 355,786
 | $495,280 | $405,316


Question: What was the percentage change in the total net property, plant and equipment between 2018 and 2019?
Answer: 22.2
Calculation: (495,280-405,316)/405,316