hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
The following table contains information with respect to purchases made by or on behalf of CalAmp or any “affiliated purchaser” (as defined in Rule 10b-18(a)(3) under the Exchange Act), of our common stock during the following months of our fourth quarter ended February 28, 2019:
(1) Average price paid per share for shares purchased as part of our share repurchase program (includes brokerage commissions).
(2) On December 10, 2018, we announced that our Board of Directors authorized a new share repurchase program under which we may repurchase up to $20.0 million of our outstanding common stock over the next 12 months. As of February 28, 2019, $10.0 million of the $20.0 million had been utilized. Our share repurchase program does not obligate us to acquire any specific number of shares. Under the program, shares may be repurchased in privately negotiated and/or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act.
Table:
 | Total Number of Shares Purchased | Average Price Paid per Share (1) | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares that may be Purchased Under the Plans or Programs (2)
December 1 - December 31, 2018 | 75,000 | $12.96 | 75,000 | $19,028,173
January 1 - January 31, 2019 | 524,577 | $14.00 | 524,577 | $11,685,543
February 1 - February 28, 2019 | 116,042 | $14.53 | 116,042 | $10,000,013
Total | 715,619 | $13.97 | 715,619 | $10,000,013


Question: What is the percentage increase in total number of shares purchased between December 2018 and January 2019?
Answer: 599.44
Calculation: [(524,577-75,000)/75,000]
Note 8 — Property, Plant and Equipment, net
The components of property, plant and equipment, net, are:
The estimated useful lives of buildings and improvements and rental property are twenty to twenty-five years. The estimated useful lives of furniture and equipment range from three to eight years. Depreciation expense from continuing operations was $1.5 million and $1.2 million for 2019 and 2018, respectively.
The Company leases a portion of its headquarters facility to various tenants. Net rent received from these leases totaled $0.3 million and $0.4 million for 2019 and 2018, respectively.
Table:
 | December 31, | 
 | (in thousands) | 
 | 2019 | 2018
Land | $199 | $199
Building and improvements | 6,983 | 6,983
Rental property | 2,749 | 2,749
Software | 12,015 | 2,226
Furniture and equipment | 11,755 | 10,274
Construction in process | 480 | 8,519
 | 34,181 | 30,950
Less accumulated depreciation | (19,830) | (18,375)
 | $ 14,351 | $ 12,575


Question: What is the average Furniture and equipment for December 31, 2018 and 2019?
Answer: 11014.5
Calculation: (11,755+10,274) / 2
Non-GAAP Measures
In addition to the results reported in accordance with US GAAP, we also use certain non-GAAP measures such as EBITDA and adjusted EBITDA to evaluate operating performance and to facilitate the comparison of our historical results and trends. These financial measures are not a measure of financial performance under US GAAP and should not be considered in isolation or as a substitute for net income as a measure of performance and net cash provided by operating activities as a measure of liquidity.
They are not, on their own, necessarily indicative of cash available to fund cash needs as determined in accordance with GAAP. The calculation of these non-GAAP measures may not be comparable to similarly titled measures used by other companies. Reconciliations of these non-GAAP measures to the most directly comparable financial measures presented in accordance with GAAP are provided below.
EBITDA is defined as net earnings before interest expense, income taxes, and depreciation and amortization. Adjusted EBITDA is comprised of EBITDA, adjusted for certain items as permitted or required under our credit facility as described in the reconciliations below. These measures are a common measure of operating performance in the telecommunications industry and are useful, with other data, as a means to evaluate our ability to fund our estimated uses of cash.
The following tables are a reconciliation of net income (loss) to adjusted EBITDA for the years ended December 31, 2019, 2018 and 2017:
(1) Other, net includes the equity earnings from our investments, dividend income, income attributable to noncontrolling interests in subsidiaries, acquisition and transaction related costs including integration and severance, non-cash pension and post-retirement benefits and certain other miscellaneous items. (2) Includes all cash dividends and other cash distributions received from our investments.
Table:
 |  |  | Year Ended December 31,
(In thousands, unaudited) | 2019 | 2018 | 2017
Net income (loss) | $ (19,931) | $ (50,571) | $ 65,299
Add (subtract): |  |  | 
Interest expense, net of interest income | 136,660 | 134,578 | 129,786
Income tax benefit | (3,714) | (24,127) | (124,927)
Depreciation and amortization | 381,237 | 432,668 | 291,873
EBITDA | 494,252 | 492,548 | 362,031
Adjustments to EBITDA: |  |  | 
Other, net (1) | (8,847) | 549 | 19,314
Investment distributions (2) | 35,809 | 39,078 | 29,993
Gain on extinguishment of debt | (4,510) | — | —
Non-cash, stock-based compensation | 6,836 | 5,119 | 2,766
Adjusted EBITDA | $ 523,540 | $ 537,294 | $ 414,104


Question: Which non-GAAP measures are used?
Answer: EBITDA and adjusted EBITDA
Issuer purchases of equity securities
Common stock repurchased in the three months ended December 31, 2019:
(1) Shares withheld to cover the option exercise price and tax withholding obligations under the net settlement provisions of our stock compensation awards have been included in these amounts.
(2) See "Stock repurchase program" in Item 7 of this Annual Report for additional information.
Table:
(in thousands, except per share amounts) | Total Number of Shares Purchased (1) (2) | Average Price Paid per Share (1) (2) | Total Number of Shares Purchased as Part of Publicly Announced Share Repurchase Program (2) | Approximate Dollar Value of Shares That May Yet Be Purchased at Period End Under Publicly Announced Share Repurchased Programs (2)
October 1, 2019 - October 31, 2019 | 24 | $71.89 | 12 | $45,484
November 1, 2019 - November 30, 2019 | 108 | $75.63 | - | $45,484
December 1, 2019 - December 31, 2019 | 144 | $76.64 | - | $45,484
Total | 276 | $75.83 |  | 


Question: What are the respective number of shares purchased in November and December 2019?
Answer: 108, 144
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows for the years ended December 31,
2019, 2018 and 2017 (in thousands):
Our unrecognized tax benefits totaled $11.2 million and $7.1 million as of December 31, 2019 and 2018, respectively. Included in these amounts are unrecognized tax benefits totaling $10.2 million and $5.4 million as of December 31, 2019 and 2018, respectively, which, if recognized, would affect the effective tax rate.
these amounts are unrecognized tax benefits totaling $10.2 million and $5.4 million as of December 31, 2019 and 2018, respectively,
which, if recognized, would affect the effective tax rate.
We recognize potential accrued interest and penalties related to unrecognized tax benefits within our global operations in income tax expense. For the years ended December 31, 2019, 2018 and 2017, the Company recognized the following income tax expense: $0.5 million, $0.5 million, and $0.3 million, respectively, for the potential payment of interest and penalties. Accrued interest and penalties were $1.7 million and $2.1 million for the years ended December 31, 2019 and 2018. We conduct business globally and, as a result, files income tax returns in the United State federal jurisdiction and in many state and foreign jurisdictions. We are generally no longer subject to U.S. federal, state, and local, or non-US income tax examinations for the years before 2012. Due to the expiration of statutes of limitations in multiple jurisdictions globally during 2020, the Company anticipates it is reasonably possible that unrecognized tax benefits may decrease by $3.1 million.
Table:
 | December 31, |  | 
 | 2019 | 2018 | 2017
Unrecognized tax benefits at January 1,    | (7,113 )    | (7,419 )    | (6,938 ) 
Gross amount of increases in unrecognized tax benefits as a
result of tax positions taken during a prior period | (2,428 )      | (873 )      | (789 ) 
Gross amount of decreases in unrecognized tax benefits as a Gross amount of decreases in unrecognized tax benefits as a result of tax positions taken during a prior period | 445 | 233 | 145
Gross amount of increases in unrecognized tax benefits as a
result of tax positions taken during the current period | (2,489 )      | (78 )      | -
Reductions to unrecognized tax benefits relating to settlements with taxing authorities | - | 349 | -
Reductions to unrecognized tax benefits as a result of a lapse of the applicable statute of limitations | 346 | 675 | 163
Unrecognized tax benefits at December 31,    | (11,239 )    | (7,113 )    | (7,419 ) 


Question: What is the change in unrecognised tax benefits between 2019 and 2017 year end?
Answer: 3820
Calculation: 11,239-7,419
In accordance with ASC 740-10, Income Taxes, the Company has adopted the accounting policy that interest and penalties recognized are classified as part of its income taxes
The following shows the changes in the gross amount of unrecognized tax benefits as of December 31, 2019 (in thousands):
The Company does not anticipate that its total unrecognized tax benefits will significantly change due to settlement of examination or the expiration of statute of limitations during the next 12 months.
The Company files U.S. and foreign income tax returns with varying statutes of limitations. Due to the Company’s net carry-over of unused operating losses and tax credits, all years from 2003 forward remain subject to future examination by tax authorities
Table:
 | 2019 | 2018 | 2017
Unrecognized tax benefits, beginning of the year | $6,029 | $3,004 | $2,460
Increases related to prior year tax position | — | 1,050 | —
Decreases related to prior year tax positions | (48) | — | (3)
Increases related to current year tax positions | 2,984 | 1,975 | 547
Unrecognized tax benefits, end of year | $8,965 | 6,029 | 3,004


Question: What are the respective unrecognised tax benefits at the beginning of the year in 2018 and 2019?
Answer: $3,004, $6,029
9. BALANCE SHEET DETAILS (Continued)
Other long-term liabilities consist of the following (in thousands):
Table:
 | Fiscal year-end | 
 | 2019 | 2018
Long-term taxes payable | $37,385 | $36,336
Deferred compensation (see Note 13) | 39,715 | 40,895
Deferred tax liabilities (see Note 16) | 27,785 | 26,339
Deferred revenue | 8,012 | 5,091
Asset retirement obligations liability (see Note 2) | 4,934 | 4,529
Defined benefit plan liabilities (see Note 14) | 45,862 | 37,528
Other long-term liabilities | 2,188 | 1,238
Total other long-term liabilities | $165,881 | $151,956


Question: In which years were long-term liabilities calculated?
Answer: 2019, 2018
16. FINANCIAL INSTRUMENTS AND OTHER FAIR VALUE DISCLOSURES
The majority of NAT and its subsidiaries’ transactions, assets and liabilities are denominated in United States dollars, the functional currency of the Company. There is no significant risk that currency fluctuations will have a negative effect on the value of the Company’s cash flows.
The Company categorizes its fair value estimates using a fair value hierarchy based on the inputs used to measure fair value for those assets that are recorded on the Balance Sheet at fair value. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value as follows:
Level 1. Quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity can access at the measurement date.
Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and
Level 3. Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.
The following methods and assumptions were used to estimate the fair value of each class of financial instruments and other financial assets.
-  The carrying value of cash and cash equivalents and marketable securities, is a reasonable estimate of fair value.
-  The estimated fair value for the long-term debt is considered to be equal to the carrying values since it bears spreads and variable interest rates which approximate market rates.
The carrying value and estimated fair value of the Company`s financial instruments at December 31, 2019 and 2018, are as follows:
* The 2019 Senior Secured Credit Facility and Vessel financing 2018 Newbuildings carry a floating LIBOR interest rate, plus a margin and the fair value is assumed to equal the carrying value.
Table:
All figures in USD ‘000  | Fair Value
Hierarchy
Level | 2019
Fair
Value | 2019
Carrying
Value | 2018
Fair
Value | 2018
Carrying
Value
Recurring:                |  |  |  |  | 
Cash and Cash Equivalents   | 1 | 48,847 | 48,847 | 49,327 | 49,327
Restricted Cash   | 1 | 12,791 | 12,791 | - | -
Credit Facility   | 2 | - | - | (313,400) | (313,400)
2019 Senior Secured Credit Facility*   | 2 | (291,798) | (291,798) | - | -
Investment Securities   | 1 | 825 | 825 | 4,197 | 4,197
Vessel financing 2018 Newbuildings*   | 2 | (119,867) | (119,867) | (127,140) | (127,140)


Question: What is the average value of the 2018 and 2019 fair value of the company's investment securities?
Answer: 2511
Calculation: (4,197 + 825)/2
The Company has adopted five share option schemes, namely, the Pre-IPO Option Scheme, the Post-IPO Option Scheme I, the Post-IPO Option Scheme II, the Post-IPO Option Scheme III and the Post-IPO Option Scheme IV. The Pre-IPO Option Scheme, the Post-IPO Option Scheme I, the Post-IPO Option Scheme II and the Post-IPO Option Scheme III expired on 31 December 2011, 23 March 2014, 16 May 2017 and 13 May 2019 respectively.
As at 31 December 2019, there were a total of 20,722,380 outstanding share options granted to a director of the Company, details of which are as follows:
1. For options granted with exercisable date determined based on the grant date of options, the first 20% of the total options can be exercised 1 year after the grant date, and each 20% of the total options will become exercisable in each subsequent year.
2. For options granted with exercisable date determined based on the grant date of options, the first 25% of the total options can be exercised 1 year after the grant date, and each 25% of the total options will become exercisable in each subsequent year.
3. The closing price immediately before the date on which the options were granted on 4 April 2019 was HKD378.
4. No options were cancelled or lapsed during the year.
Table:
 |  |  | Number of share options |  |  |  | 
Name of director | Date of grant | As at 1 January 2019 | Granted during the year | Exercised during the year | As at 31 December 2019 | Exercise price | Exercise period
 |  |  |  |  |  | HKD | 
Lau Chi Ping Martin | 25 March 2014 | 5,000,000 | - | - | 5,000,000 | 114.52 | 25 March 2015 to 24 March 2021 (Note 2)
 | 21 March 2016 | 3,750,000 | - | - | 3,750,000 | 158.10 | 21 March 2017 to 20 March 2023 (Note 2)
 | 24 March 2017 | 5,250,000 | - | - | 5,250,000 | 225.44 | 24 March 2018 to 23 March 2024 (Note 2)
 | 9 April 2018 | 3,215,800 | - | - | 3,215,800 | 410.00 | 9 April 2019 to 8 April 2025 (Note 2)
 | 4 April 2019 | - | 3,506,580 (Note 3) | - | 3,506,580 | 376.00 | 4 April 2020 to 3 April 2026 (Note 2)
 | Total: | 17,215,800 | 3,506,580 | - | 20,722,380 |  | 


Question: When did the Post-IPO Option Scheme III expire?
Answer: 13 May 2019
14 Taxation
UK corporation tax for the year-ended 31 March 2019 is calculated at 19% (2018: 19%) of the estimated assessable loss for the period.
Table:
 | Year-ended 31 March 2019 | Year-ended 31 March 2018 Restated See note 2
 | $M | $M
Current income tax: |  | 
UK corporation tax | 1.3 | 1.2
Adjustments in respect of previous years UK tax | 0.3 | 0.3
Overseas tax before exceptional items | 22.2 | 23.0
Adjustment in respect of previous years | 13.1 | 10.2
Total current tax charge | 36.9 | 34.7
Deferred tax: |  | 
Origination and reversal of temporary differences | 2.5 | (16.7)
Impact of changes in US tax rate | - | 5.4
Adjustment in respect of previous years | (12.7) | (3.5)
Total deferred tax credit | (10.2) | (14.8)
Total income tax charge | 26.7 | 19.9


Question: In which year was the total income tax charge larger?
Answer: 2019
Calculation: 26.7>19.9
Cost of revenues. Cost of revenues increased by 23% year-on-year to RMB209.8 billion. The increase primarily reflected greater content costs, costs of FinTech services and channel costs. As a percentage of revenues, cost of revenues increased to 56% for the year ended 31 December 2019 from 55% for the year ended 31 December 2018. The following table sets forth our cost of revenues by line of business for the years ended 31 December 2019 and 2018:
Cost of revenues for VAS increased by 27% year-on-year to RMB94,086 million. The increase was mainly due to greater content costs for services and products such as live broadcast services, online games and video streaming subscriptions, as well as channel costs for smart phone games.
Cost of revenues for FinTech and Business Services increased by 35% year-on-year to RMB73,831 million. The increase primarily reflected greater costs of payment-related and cloud services due to the enhanced scale of our payment and cloud activities.
Cost of revenues for Online Advertising decreased by 6% year-on-year to RMB34,860 million. The decrease was mainly driven by lower content costs for our advertising-funded long form video service resulting from fewer content releases and improved cost efficiency, partly offset by other cost items.
Table:
 | Year ended 31 December |  |  | 
 | 2019 |  | 2018 | 
 |  | % of |  | % of
 |  | segment |  | segment
 | Amount | revenues | Amount | revenues
 |  |  | (Restated) | (Restated)
 | (RMB in millions, unless specified) |  |  | 
VAS | 94,086 | 47% | 73,961 | 42%
FinTech and Business Services | 73,831 | 73% | 54,598 | 75%
Online Advertising | 34,860 | 51% | 37,273 | 64%
Others | 6,979 | 92% | 4,742 | 98%
Total cost of revenues | 209,756 |  | 170,574 | 


Question: What was the year-on-year change in cost of revenues for VAS?
Answer: 27%
16. Segment, Geographic, and Significant Customer Information
We operate in one industry segment: the design, manufacturing, marketing, and technical support of high-performance storage and data management solutions. We conduct business globally, and our sales and support activities are managed on a geographic basis. Our management reviews financial information presented on a consolidated basis, accompanied by disaggregated information it receives from our internal management system about revenues by geographic region, based on the location from which the customer relationship is managed, for purposes of allocating resources and evaluating financial performance. We do not allocate costs of revenues, research and development, sales and marketing, or general and administrative expenses to our geographic regions in this internal management reporting because management does not review operations or operating results, or make planning decisions, below the consolidated entity level.
Summarized revenues by geographic region based on information from our internal management system and utilized by our Chief Executive Officer, who is considered our Chief Operating Decision Maker, is as follows (in millions):
Americas revenues consist of sales to Americas commercial and U.S. public sector markets. Sales to customers inside the U.S. were $3,116 million, $2,878 million and $2,721 million during fiscal 2019, 2018 and 2017, respectively.
Table:
 |  | Year Ended | 
 | April 26, 2019 | April 27, 2018 | April 28, 2017
United States, Canada and Latin America (Americas) | $ 3,425 | $ 3,207 | $ 3,021
Europe, Middle East and Africa (EMEA) | 1,847 | 1,873 | 1,741
Asia Pacific (APAC) | 874 | 839 | 729
Net revenues | $ 6,146 | $ 5,919 | $ 5,491


Question: Which industry segment does the company operate in?
Answer: the design, manufacturing, marketing, and technical support of high-performance storage and data management solutions.
instruments at fair value and to recognize the effective and ineffective portions of the cash flow hedges . ( 2 ) for the year ended december 31 , 2000 , earnings available to common stockholders includes reductions of $ 2371 of preferred stock dividends and $ 16266 for the redemption of pca 2019s 123 20448% ( 20448 % ) preferred stock . ( 3 ) on october 13 , 2003 , pca announced its intention to begin paying a quarterly cash dividend of $ 0.15 per share , or $ 0.60 per share annually , on its common stock . the first quarterly dividend of $ 0.15 per share was paid on january 15 , 2004 to shareholders of record as of december 15 , 2003 . pca did not declare any dividends on its common stock in 2000 - 2002 . ( 4 ) total long-term obligations include long-term debt , short-term debt and the current maturities of long-term debt . item 7 . management 2019s discussion and analysis of financial condition and results of operations the following discussion of historical results of operations and financial condition should be read in conjunction with the audited financial statements and the notes thereto which appear elsewhere in this report . overview on april 12 , 1999 , pca acquired the containerboard and corrugated products business of pactiv corporation ( the 201cgroup 201d ) , formerly known as tenneco packaging inc. , a wholly owned subsidiary of tenneco , inc . the group operated prior to april 12 , 1999 as a division of pactiv , and not as a separate , stand-alone entity . from its formation in january 1999 and through the closing of the acquisition on april 12 , 1999 , pca did not have any significant operations . the april 12 , 1999 acquisition was accounted for using historical values for the contributed assets . purchase accounting was not applied because , under the applicable accounting guidance , a change of control was deemed not to have occurred as a result of the participating veto rights held by pactiv after the closing of the transactions under the terms of the stockholders agreement entered into in connection with the transactions . results of operations year ended december 31 , 2004 compared to year ended december 31 , 2003 the historical results of operations of pca for the years ended december , 31 2004 and 2003 are set forth the below : for the year ended december 31 , ( in millions ) 2004 2003 change .

Table:
( in millions ) | 2004 | 2003 | change
net sales | $ 1890.1 | $ 1735.5 | $ 154.6
income before interest and taxes | $ 140.5 | $ 96.9 | $ 43.6
interest expense net | -29.6 ( 29.6 ) | -121.8 ( 121.8 ) | 92.2
income ( loss ) before taxes | 110.9 | -24.9 ( 24.9 ) | 135.8
( provision ) benefit for income taxes | -42.2 ( 42.2 ) | 10.5 | -52.7 ( 52.7 )
net income ( loss ) | $ 68.7 | $ -14.4 ( 14.4 ) | $ 83.1
.

Question: by what percent did net sales increase from 2003 to 2004?
Answer: 8.9%
Calculation: divide(154.6, 1735.5)