hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
note 9 . commitments and contingencies operating leases we are obligated under noncancelable operating leases for corporate office space , warehouse and distribution facilities , trucks and certain equipment . the future minimum lease commitments under these leases at december 31 , 2009 are as follows ( in thousands ) : years ending december 31: .

Table:
2010 | $ 55178
2011 | 45275
2012 | 36841
2013 | 30789
2014 | 22094
thereafter | 59263
future minimum lease payments | $ 249440
rental expense for operating leases was approximately $ 57.2 million , $ 49.0 million and $ 26.6 million during the years ended december 31 , 2009 , 2008 and 2007 , respectively .
we guarantee the residual values of the majority of our truck and equipment operating leases .
the residual values decline over the lease terms to a defined percentage of original cost .
in the event the lessor does not realize the residual value when a piece of equipment is sold , we would be responsible for a portion of the shortfall .
similarly , if the lessor realizes more than the residual value when a piece of equipment is sold , we would be paid the amount realized over the residual value .
had we terminated all of our operating leases subject to these guarantees at december 31 , 2009 , the guaranteed residual value would have totaled approximately $ 27.8 million .
litigation and related contingencies in december 2005 and may 2008 , ford global technologies , llc filed complaints with the international trade commission against us and others alleging that certain aftermarket parts imported into the u.s .
infringed on ford design patents .
the parties settled these matters in april 2009 pursuant to a settlement arrangement that expires in september 2011 .
pursuant to the settlement , we ( and our designees ) became the sole distributor in the united states of aftermarket automotive parts that correspond to ford collision parts that are covered by a united states design patent .
we have paid ford an upfront fee for these rights and will pay a royalty for each such part we sell .
the amortization of the upfront fee and the royalty expenses are reflected in cost of goods sold on the accompanying consolidated statements of income .
we also have certain other contingencies resulting from litigation , claims and other commitments and are subject to a variety of environmental and pollution control laws and regulations incident to the ordinary course of business .
we currently expect that the resolution of such contingencies will not materially affect our financial position , results of operations or cash flows .
note 10 .
business combinations on october 1 , 2009 , we acquired greenleaf auto recyclers , llc ( 201cgreenleaf 201d ) from ssi for $ 38.8 million , net of cash acquired .
greenleaf is the entity through which ssi operated its late model automotive parts recycling business .
we recorded a gain on bargain purchase for the greenleaf acquisition totaling $ 4.3 million , which is .

Question: what was the percentage change in rental expense for operating leases from 2008 to 2009?
Answer: 17%
Calculation: subtract(57.2, 49.0), divide(#0, 49.0)
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 is the increase / (decrease) in the net capitalized software from 2018 to 2019?
Answer: 67
Calculation: 1,006 - 939
Relative importance of the spend on pay
The following table shows the Group’s actual spend on pay for all employees compared to distributions to shareholders. The average number of employees has also been included for context. Revenue and Operating profit have also been disclosed as these are two key measures of Group performance.
1 2018 comparatives have been restated to reflect the adoption of IFRS 9, IFRS 15 and IFRS 16, and to include share buybacks.
Table:
 | 2019 | Restated 2018 | 
 | £m | £m | % change
Employee costs (see note 7 to the consolidated financial statements) | 56.0 | 54.5 | 3%
Average number of employees (see note 6 to the consolidated financial statements) | 802 | 822 | 3%
Revenue (see Consolidated income statement) | 355.1 | 330.1 | 8%
Operating profit | 243.7 | 221.3 | 10%
Dividends paid and proposed and share buybacks (see notes 26 and 27 to the consolidated financial statements) | 156.4 | 152.8¹ | 2%


Question: Why has the 2018 figures in the table been restated?
Answer: to reflect the adoption of IFRS 9, IFRS 15 and IFRS 16, and to include share buybacks
We operate in the following two reportable segments, which are the same as our operating segments:
• Enterprise Security. Our Enterprise Security segment focuses on providing our Integrated Cyber Defense solutions to help business and government customers unify cloud and on-premises security to deliver a more effective cyber defense solution, while driving down cost and complexity. • Consumer Cyber Safety. Our Consumer Cyber Safety segment focuses on providing cyber safety solutions under our Norton LifeLock brand to help consumers protect their devices, online privacy, identities, and home networks.
Operating segments are based upon the nature of our business and how our business is managed. Our Chief Operating Decision Makers, comprised of our Chief Executive Officer and Chief Financial Officer, use our operating segment financial information to evaluate segment performance and to allocate resources.
There were no inter-segment sales for the periods presented. The following table summarizes the operating results of our reportable segments:
Note 15. Segment and Geographic Information
Table:
 |  | Year Ended | 
(In millions) | March 29, 2019 | March 30, 2018 | March 31, 2017
Total segments: |  |  | 
Net revenues | $4,731 | $4,834 | $4,019
Operating income | $1,414 | $1,584 | $1,026
Enterprise Security: |  |  | 
Net revenues | $2,323 | $2,554 | $2,355
Operating income | $269 | $473 | $187
Consumer Cyber Safety: |  |  | 
Net revenues | $2,408 | $2,280 | $1,664
Operating income | $1,145 | $1,111 | $839


Question: What is the average total segments Net revenues for the fiscal years 2019, 2018 and 2017?
Answer: 4528
Calculation: (4,731+4,834+4,019)/3
Plans with projected benefit obligations in excess of plan assets are attributable to unfunded domestic supplemental retirement plans, and our U.K. retirement plan.
Accrued benefit liability reported as:
As of September 30, 2019 and 2018, the amounts included in accumulated other comprehensive income, consisted of
deferred net losses totaling approximately $6.3 million and $5.3 million, respectively.
The amount of net deferred loss expected to be recognized as a component of net periodic benefit cost for the year ending September 30, 2019, is approximately $229 thousand.
Table:
 | September 30, | 
 | 2019 | 2018
 | (Amounts in thousands) | 
Current accrued benefit liability | $335 | $340
Non-current accrued benefit liability | 6,904 | 6,168
Total accrued benefit liability | $7,239 | $6,508


Question: What is the amount included in accumulated other comprehensive income as of September 30, 2018?
Answer: $5.3 million
The following table sets forth the breakdown of revenues by category and segment. Travel revenue includes travel publications (Top 20, Website, Newsflash, Travelzoo Network), Getaway vouchers and hotel platform. Local revenue includes Local Deals vouchers and entertainment offers (vouchers and direct bookings) (in thousands).
Revenue by geography is based on the billing address of the advertiser. Long-lived assets attributed to the U.S. and international geographies are based upon the country in which the asset is located or owned.
Table:
Year Ended December 31, |  | 
 | 2019 | 2018
Asia Pacific |  | 
Travel | $6,274 | $7,351
Local | 216 | 508
Total Asia Pacific revenues | 6,490 | 7,859
Europe |  | 
Travel | 32,081 | 30,856
Local | 4,817 | 5,293
Total Europe revenues | 36,898 | 36,149
North America |  | 
Travel | 57,863 | 56,145
Local | 10,161 | 11,169
Total North America revenues | 68,024 | 67,314
Consolidated |  | 
Travel | 96,218 | 94,352
Local | 15,194 | 16,970
Total revenues | $111,412 | 111,322


Question: In 2019, how many geographic regions have total revenues of more than $20,000 thousand?
Answer: 2
Calculation: Europe ## North America
NOTE 13 - TAXES ON INCOME (Cont.)
D. Loss from continuing operations, before taxes on income, consists of the following:
E. Due to the Company’s cumulative losses, the effect of ASC 740 as codified from ASC 740-10 is not material.
Table:
 | Year ended December 31 | 
 | 2019 | 2 0 1 8
 | U.S. $ in thousands | 
United States | (4,378) | (3,617)
Israel | (18,875) | (10,331)
 | (23,253) | (13,948)


Question: What is the change in loss from continuing operations, before taxes on income, in U.S. from 2018 to 2019?
Answer: 761
Calculation: 4,378-3,617
Significant components of our deferred tax assets and liabilities are as follows:
The deferred tax assets and liabilities for fiscal 2019 and 2018 include amounts related to various acquisitions. The total change in deferred tax assets and liabilities in fiscal 2019 includes changes that are recorded to other comprehensive income (loss), retained earnings and goodwill.
We calculate deferred tax assets and liabilities based on differences between financial reporting and tax bases of assets and liabilities and measure them using the enacted tax rates and laws that we expect will be in effect when the differences reverse.
Table:
 |  | September 30,
 | 2019 | 2018
 |  | (in thousands)
Deferred tax assets: |  | 
Accrued employee benefits | $ 11,409 | $ 8,285
Allowances for loss contingencies | 3,561 | 3,518
Deferred compensation | 3,071 | 3,272
Intangible assets | — | 1,361
Inventory valuation | 8,036 | 1,154
Long-term contracts | 6,995 | 7,751
Prepaid and accrued expenses | 1,816 | 1,229
Retirement benefits | 4,967 | 1,398
Tax credit carryforwards | 33,118 | 35,137
Loss carryforwards | 36,248 | 29,097
Other | 818 | 264
Total gross deferred tax assets | 110,039 | 92,466
Valuation allowance | (69,098) | (81,838)
Total deferred tax assets | 40,941 | 10,628
Deferred tax liabilities: |  | 
Debt obligation basis difference | (4,582) | —
Deferred revenue | (12,135) | (2,351)
Intangible assets | (18,592) | —
Property, plant and equipment | (4,524) | (5,079)
Unremitted earnings | (977) | (823)
Other | (587) | (351)
Total deferred tax liabilities | (41,397) | (8,604)
Net deferred tax asset (liability) | $ (456) | $ 2,024


Question: How many items are there under deferred tax liabilities?
Answer: 6
Calculation: Debt obligation basis difference##Deferred revenue##Intangible assets##Property, plant and equipment##Unremitted earnings##Other
No deferred tax assets were capitalised for the following tax loss carry-forwards and interest carry-forwards or temporary differences because realisation of the assets in the short-to-medium term is not expected:
The loss carry-forwards as of the closing date predominantly concern the German consolidation group. They can be carried forward without limitation.
Table:
€ million | 30/9/2018 | 30/9/2019
Corporate tax losses | 4,320 | 4,883
Trade tax losses | 3,296 | 3,679
Interest carry-forwards | 57 | 83
Temporary differences | 104 | 120


Question: What are the components in the table whereby no deferred tax assets were capitalised?
Answer: Corporate tax losses, Trade tax losses, Interest carry-forwards, Temporary differences
Employee Share Purchase Plan (ESPP)
The Company estimates the fair value of its ESPP share options on the date of grant using the Black-Scholes option-pricing model, which requires the use of highly subjective estimates and assumptions. The Company estimates the expected term of ESPP share options based on the length of each offering period, which is six months.
The risk-free interest rate is based on a treasury instrument whose term is consistent with the expected life of the ESPP share option. Expected volatility is based on the Company’s historical volatility. The Company uses an expected dividend rate of zero as it currently has no history or expectation of paying dividends on its ordinary shares.
The grant date fair value per ordinary share is based on the closing market value of its ordinary shares on the first day of each ESPP offering period. The first authorized offering period under the ESPP commenced on July 1, 2017.
The fair value of each ESPP option grant was estimated using the Black-Scholes option-pricing model that used the following weighted-average assumptions:
The weighted-average per share fair value of ESPP share options granted to employees during the years ended March 31, 2019 and 2018, was $9.58 and $6.41, respectively.
Table:
 | Year ended March 31, | 
 | 2019 | 2018
Expected term (in years) | 0.5 | 0.5
Risk-free interest rate | 2.3% | 1.4%
Expected volatility | 39.1% | 29.9%
Expected dividend yield   | —% | —%
Grant date fair value per ordinary share | $36.69 | $27.15


Question: What was the Expected term (in years) in 2019 and 2018 respectively?
Answer: 0.5, 0.5
Results of Operations
Historically, revenues and earnings may or may not be representative of future operating results due to various economic and other factors. The following table sets forth the Consolidated Statements of Operations for the periods indicated (amounts in thousands):
(1) Fiscal years ended March 31, 2018 and 2017 adjusted due to the adoption of ASC 606.
Table:
 |  | Fiscal Years Ended March 31, | 
 | 2019 | 2018 | 2017
Net sales (1) | $1,382,818 | $1,200,181 | $757,338
Operating costs and expenses: |  |  | 
Cost of sales (1) | 924,276 | 860,744 | 571,944
Selling, general and administrative expenses | 202,642 | 173,620 | 107,658
Research and development (1) | 44,612 | 39,114 | 26,693
Restructuring charges | 8,779 | 14,843 | 5,404
(Gain) loss on write down and disposal of long-lived assets | 1,660 | (992) | 10,671
Total operating costs and expenses | 1,181,969 | 1,087,329 | 722,370
Operating income (1) | 200,849 | 112,852 | 34,968
Non-operating (income) expense: |  |  | 
Interest income | (2,035) | (809) | (24)
Interest expense | 21,239 | 32,882 | 39,755
Acquisition (gain) loss | — | (130,880) | —
Change in value of TOKIN options | — | — | (10,700)
Other (income) expense, net (1) | 11,214 | 24,592 | (3,871)
Income before income taxes and equity income (loss) from equity method investments (1) | 170,431 | 187,067 | 9,808
Income tax expense (benefit) (1) | (39,460) | 9,132 | 4,294
Income before equity income (loss) from equity method investments (1) | 209,891 | 177,935 | 5,514
Equity income (loss) from equity method investments | (3,304) | 76,192 | 41,643
Net income (1) | $206,587 | $254,127 | $47,157


Question: Which years does the table provide information for the company's Consolidated Statements of Operations?
Answer: 2019, 2018, 2017
notes to consolidated financial statements 2014 ( continued ) the following table summarizes the changes in non-vested restricted stock awards for the year ended may 31 , 2009 ( share awards in thousands ) : share awards weighted average grant-date fair value .

Table:
 | share awards | weighted average grant-date fair value
non-vested at may 31 2007 | 278 | $ 37
granted | 400 | 38
vested | -136 ( 136 ) | 30
forfeited | -24 ( 24 ) | 40
non-vested at may 31 2008 | 518 | 39
granted | 430 | 43
vested | -159 ( 159 ) | 39
forfeited | -27 ( 27 ) | 41
non-vested at may 31 2009 | 762 | 42
the weighted average grant-date fair value of share awards granted in the years ended may 31 , 2008 and 2007 was $ 38 and $ 45 , respectively .
the total fair value of share awards vested during the years ended may 31 , 2009 , 2008 and 2007 was $ 6.2 million , $ 4.1 million and $ 1.7 million , respectively .
we recognized compensation expense for restricted stock of $ 9.0 million , $ 5.7 million , and $ 2.7 million in the years ended may 31 , 2009 , 2008 and 2007 .
as of may 31 , 2009 , there was $ 23.5 million of total unrecognized compensation cost related to unvested restricted stock awards that is expected to be recognized over a weighted average period of 2.9 years .
employee stock purchase plan we have an employee stock purchase plan under which the sale of 2.4 million shares of our common stock has been authorized .
employees may designate up to the lesser of $ 25000 or 20% ( 20 % ) of their annual compensation for the purchase of stock .
the price for shares purchased under the plan is 85% ( 85 % ) of the market value on the last day of the quarterly purchase period .
as of may 31 , 2009 , 0.8 million shares had been issued under this plan , with 1.6 million shares reserved for future issuance .
the weighted average grant-date fair value of each designated share purchased under this plan was $ 6 , $ 6 and $ 8 in the years ended may 31 , 2009 , 2008 and 2007 , respectively .
these values represent the fair value of the 15% ( 15 % ) discount .
note 12 2014segment information general information during fiscal 2009 , we began assessing our operating performance using a new segment structure .
we made this change as a result of our june 30 , 2008 acquisition of 51% ( 51 % ) of hsbc merchant services llp in the united kingdom , in addition to anticipated future international expansion .
beginning with the quarter ended august 31 , 2008 , the reportable segments are defined as north america merchant services , international merchant services , and money transfer .
the following tables reflect these changes and such reportable segments for fiscal years 2009 , 2008 , and 2007. .

Question: what is the total value of non-vested shares as of may 31 , 2009 , ( in millions ) ?
Answer: 32.0
Calculation: multiply(762, 42), divide(#0, const_1000)
Free cash flow
The Free cash flow for the Industrial Businesses amounted to €8,000 millions, resulting in a cash conversation rate of 0.89.
Beginning with fiscal 2020, Siemens adopts IFRS 16, Leases, applying
the modified retrospective approach as described in more detail in NOTE 2 in B.6 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS. As a result, the shift of lease payments from cash flows from operating activities to cash flows from financing activities will have a positive effect on Free cash flow.
With our ability to generate positive operating cash flows, our total liquidity (defined as cash and cash equivalents plus current interest-bearing debt securities) of €13.7 billion, our unused lines of credit, and our credit ratings at year-end, we believe that we have sufficient flexibility to fund our capital requirements. Also in our opinion, our operating net working capital is sufficient for our present requirements.
Table:
 |  |  | Fiscal Year 2019
(in millions of €) | Continuing operations | Discontinued operations | Continuing and discontinued operations
Cash flows from operating activities | 8,482 | (27) | 8,456
Additions to intangible assets and property, plant and equipment | (2,610) | − | (2,610)
Free cash flow | 5,872 | (27) | 5,845


Question: What is the cash conversion rate?
Answer: 0.89
Assumptions used
The last triennial actuarial valuation of the Scheme was performed by an independent professional actuary at 30 April 2018 using the projected unit method of valuation. For the purposes of IAS 19 (revised) the actuarial valuation as at 30 April 2018 has been updated on an approximate basis to 31 March 2019. There have been no changes in the valuation methodology adopted for this year’s disclosures compared to the prior year’s disclosures.
The principal financial assumptions used to calculate the liabilities under IAS 19 (revised) are as follows:
The financial assumptions reflect the nature and term of the Scheme’s liabilities.
Table:
 | 2019 | 2018
 | % | %
Discount rate for scheme liabilities | 2.45 | 2.60
CPI inflation | 2.35 | 2.25
RPI inflation | 3.45 | 3.35
Pension increases |  | 
Pre 1988 GMP | – | –
Post 1988 GMP | 2.10 | 2.10
Pre 2004 non GMP | 5.00 | 5.00
Post 2004 | 3.35 | 3.25


Question: What do the financial assumptions reflect?
Answer: the nature and term of the Scheme’s liabilities
Recently Adopted Accounting Pronouncements
On April 1, 2018, the Company adopted ASU 2014-09-Revenue from Contracts with Customers (ASC 606) and all related amendments (“New Revenue Standard”) using the modified retrospective method. The Company has applied the new revenue standard to all contracts that were entered into after adoption and to all contracts that were open as of the initial date of adoption. The Company recognized the cumulative effect of initially applying the new revenue standard as an adjustment to the opening balance of retained earnings. The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. The adoption of the new standard impacts the Company's net sales on an ongoing basis depending on the relative amount of revenue sold through its distributors, the change in inventory held by its distributors, and the changes in price concessions granted to its distributors. Previously, the Company deferred revenue and cost of sales on shipments to distributors until the distributor sold the product to their end customer. As required by the new revenue standard, the Company no longer defers revenue and cost of sales, but rather, estimates the effects of returns and allowances provided to distributors and records revenue at the time of sale to the distributor. Sales to non-distributor customers, under both the previous and new revenue standards, are generally recognized upon the Company’s shipment of the product. The cumulative effect of the changes made to the consolidated April 1, 2018 balance sheet for the adoption of the new revenue standard is summarized in the table of opening balance sheet adjustments below. In accordance with the new revenue standard requirements, the disclosure of the impact of adoption on the consolidated income statement and balance sheet for the period ended March 31, 2019 was as follows (in millions):
The significant changes in the financial statements noted in the table above are primarily due to the transition from sellthrough revenue recognition to sell-in revenue recognition as required by the New Revenue Standard, which eliminated the balance of deferred income on shipments to distributors, significantly reduced accounts receivable, and significantly increased retained earnings. Prior to the acquisition of Microsemi, Microsemi already recognized revenue on a sell-in basis, so the impact of the adoption of the New Revenue Standard was primarily driven by Microchip's historical business excluding Microsemi.
Table:
 |  | For the year ended March 31, 2019 | 
Income Statement | As reported | Balances without adoption of New Revenue Standard | Effect of Change Higher / (Lower)
Net sales | $5,349.5 | $5,380.1 | $(30.6)
Cost of sales | $2,418.2 | $2,434.0 | $(15.8)
Gross profit | $2,931.3 | $2,946.1 | $(14.8)
Income before income taxes | $204.5 | $219.3 | $(14.8)
Income tax (benefit) provision | $(151.4) | $(149.0) | $(2.4)
Net income from continuing operations | $355.9 | $368.3 | $(12.4)


Question: What was the difference in amount as reported between net sales and cost of sales?
Answer: 2931.3
Calculation: 5,349.5-2,418.2