hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
The significant components of the Company’s deferred tax liabilities and assets follow:
(1) Includes deferred tax liabilities related to finance lease right-of-use assets totaling $6,190 and $0 at December 31, 2019 and 2018, respectively.
As of December 31, 2019, the Company had U.S. federal net operating loss carryforwards of $213,800 which are available to reduce future taxes, if any. The federal net operating loss carryforwards begin to expire in 2034. Additionally, as of December 31, 2019, the Company had U.S. state net operating loss carryforwards of $445,936.
This includes net operating losses previously unrecorded due to minimal projected income in those jurisdictions. These U.S. state net operating loss carryforwards expire in various years ending from December 31, 2019 through December 31, 2035. Included in the financing and professional fees deferred income assets above are U.S. federal interest expense deductions with an indefinite carryforward period.
There was a change of control in the Company during 2014 that limited the annual usage of pre-ownership change net operating losses. All pre-ownership change net operating losses were fully utilized in 2019.
The Company assessed all available positive and negative evidence to determine whether sufficient future taxable income will be generated to permit use of existing deferred tax assets. For U.S. federal deferred tax assets, the Company concluded that sufficient positive evidence existed, primarily the result of reversing deferred tax liabilities during the carryover period.
However, for certain state deferred tax assets, the negative evidence has outweighed the positive evidence which has resulted in the Company establishing a valuation allowance of $20,952 and $10,961 as of December 31, 2019 and 2018, respectively, to recognize only the portion of the deferred tax asset that is more likely than not to be realized.
During the years ended December 31, 2019 and 2018, the Company paid (net of refunds received) $1,293 and $1,313, respectively, of income taxes.
Table:
 | December 31, | 
 | 2019 | 2018
Deferred tax liabilities:   |  | 
Vessels and other property (1) | $128,026 | $128,226
Prepaid expenditures | 5,621 | 7,108
Operating lease right-of-use assets | 72,298 | —
Other-net | 2 | 4
Total deferred tax liabilities | 205,947 | 135,338
Deferred tax assets: |  | 
Loss carryforwards | 68,917 | 66,737
Operating lease liability | 71,779 | —
Finance lease liability | 6,333 | —
Employee compensation and benefit plans | 3,869 | 4,287
Financing and professional fees | 2,003 | 1,859
Accrued expenses and other | 1,165 | 51
Total deferred tax assets | 154,066 | 72,934
Valuation allowance | 20,952 | 10,961
Net deferred tax assets | 133,114 | 61,973
Net deferred tax liabilities | $72,833 | $73,365


Question: How much did the company paid (net of refunds received) of income taxes during the years ended December 31, 2019 and 2018 respectively?
Answer: $1,293, $1,313
Foreign Currency Exchange Risk
Our foreign exchange forward contracts outstanding at fiscal year-end are summarized in U.S. dollar equivalents as follows (in millions):
At July 27, 2019 and July 28, 2018, we had no option contracts outstanding.
We conduct business globally in numerous currencies. The direct effect of foreign currency fluctuations on revenue has not been material because our revenue is primarily denominated in U.S. dollars. However, if the U.S. dollar strengthens relative to other currencies, such strengthening could have an indirect effect on our revenue to the extent it raises the cost of our products to non-U.S. customers and thereby reduces demand. A weaker U.S. dollar could have the opposite effect. However, the precise indirect effect of currency fluctuations is difficult to measure or predict because our revenue is influenced by many factors in addition to the impact of such currency fluctuations
Approximately 70% of our operating expenses are U.S.-dollar denominated. In fiscal 2019, foreign currency fluctuations, net of hedging, decreased our combined R&D, sales and marketing, and G&A expenses by approximately $233 million, or 1.3%, as compared with fiscal 2018. In fiscal 2018, foreign currency fluctuations, net of hedging, increased our combined R&D, sales and marketing, and G&A expenses by approximately $93 million, or 0.5%, as compared with fiscal 2017. To reduce variability in operating expenses and service cost of sales caused by non-U.S.-dollar denominated operating expenses and costs, we may hedge certain forecasted foreign currency transactions with currency options and forward contracts. These hedging programs are not designed to provide foreign currency protection over long time horizons. In designing a specific hedging approach, we consider several factors, including offsetting exposures, significance of exposures, costs associated with entering into a particular hedge instrument, and potential effectiveness of the hedge. The gains and losses on foreign exchange contracts mitigate the effect of currency movements on our operating expenses and service cost of sales.
We also enter into foreign exchange forward and option contracts to reduce the short-term effects of foreign currency fluctuations on receivables and payables that are denominated in currencies other than the functional currencies of the entities. The market risks associated with these foreign currency receivables, investments, and payables relate primarily to variances from our forecasted foreign currency transactions and balances. We do not enter into foreign exchange forward or option contracts for speculative purposes
Table:
 | July 27, 2019 |  | July 28, 2018 | 
 | Notional Amount | Fair Value | Notional Amount | Fair Value
Forward contracts: |  |  |  | 
Purchased | $2,239 | $14 | $1,850 | $(2)
Sold | $1,441 | $(14) | $845 | $2


Question: What was the change in the fair value of sold forward contracts between 2018 and 2019?
Answer: -16
Calculation: -14-2
GreenSky, Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) (United States Dollars in thousands, except per share data, unless otherwise stated)
Key details of the term loan are as follows:
(1) The principal balance of the term loan is scheduled to be repaid on a quarterly basis at an amortization rate of 0.25% per quarter through December 31, 2024, with the balance due at maturity. For each of the next five years, principal repayments on the term loan are expected to be $4,000.
(2) For the years ended December 31, 2019 and 2018, debt discount of $613 and $593, respectively, and debt issuance costs of $1,062
and $1,091, respectively, were amortized into interest expense in the Consolidated Statements of Operations. Giving effect to the
amortization of debt discount and debt issuance costs on the term loan, the effective interest rates were 5.95% and 5.99% during the
years ended December 31, 2019 and 2018, respectively.
Table:
 | December 31, | 
 | 2019 | 2018
Term loan, face value(1) | $393,000 | $397,000
Unamortized debt discount (2) | (3,115) | (3,728)
Unamortized debt issuance costs(2) | (5,388) | (6,450)
Term loan | $384,497 | $386,822


Question: What was the change in the Unamortized debt discount between 2018 and 2019?
Answer: 613
Calculation: -3,115-(-3,728)
notes to consolidated financial statements 2014 ( continued ) owns the remaining 44% ( 44 % ) . we purchased our share of gpap philippines for $ 10.9 million . the purpose of this acquisition was to expand our presence in the asia-pacific market . this business acquisition was not significant to our consolidated financial statements and accordingly , we have not provided pro forma information relating to this acquisition . the following table summarizes the preliminary purchase price allocation ( in thousands ) : .

Table:
goodwill | $ 6286
customer-related intangible assets | 3248
contract-based intangible assets | 952
trademark | 224
property and equipment | 300
total assets acquired | 11010
minority interest in equity of subsidiary ( at historical cost ) | -132 ( 132 )
net assets acquired | $ 10878
all of the goodwill associated with the acquisition is non-deductible for tax purposes .
the customer-related intangible assets have amortization periods of 11 years .
the contract-based intangible assets have amortization periods of 7 years .
the trademark has an amortization period of 5 years .
money transfer branch locations during 2009 , we completed the second and final series of money transfer branch location acquisitions in the united states as part of an assignment and asset purchase agreement with a privately held company .
the purpose of this acquisition was to increase the market presence of our dolex-branded money transfer offering .
the purchase price of these acquisitions was $ 787 thousand with $ 739 thousand allocated to goodwill and $ 48 thousand allocated to intangibles .
pursuant to our annual impairment test in fiscal 2009 , goodwill and other intangibles related to our money transfer business were deemed impaired .
please see note 3 2014impairment charges for further information .
this business acquisition was not significant to our consolidated financial statements and accordingly , we have not provided pro forma information relating to this acquisition .
fiscal 2008 discover during the year ended may 31 , 2008 , we acquired a portfolio of merchants that process discover transactions and the rights to process discover transactions for our existing and new merchants for $ 6.0 million .
the purchase of the portfolio was structured to occur in tranches .
during fiscal 2009 , additional tranches were purchased for $ 1.4 million .
as a result of this acquisition , we now process discover transactions similarly to how we currently process visa and mastercard transactions .
the purpose of this acquisition was to offer merchants a single point of contact for discover , visa and mastercard card processing .
the operating results of the acquired portfolio have been included in our consolidated financial statements from the dates of acquisition .
the customer-related intangible assets have amortization periods of 10 years .
these business acquisitions were not significant to our consolidated financial statements and accordingly , we have not provided pro forma information relating to these acquisitions. .

Question: what percent of the assets , purchased in the acquisition , are tangible?
Answer: 2.7%
Calculation: add(300, 11010)
performance graph the following graph compares the total return , assuming reinvestment of dividends , on an investment in the company , based on performance of the company's common stock , with the total return of the standard & poor's 500 composite stock index and the dow jones united states travel and leisure index for a five year period by measuring the changes in common stock prices from december 31 , 2012 to december 31 , 2017. .

Table:
 | 12/12 | 12/13 | 12/14 | 12/15 | 12/16 | 12/17
royal caribbean cruises ltd . | 100.00 | 142.11 | 251.44 | 313.65 | 260.04 | 385.47
s&p 500 | 100.00 | 132.39 | 150.51 | 152.59 | 170.84 | 208.14
dow jones us travel & leisure | 100.00 | 145.48 | 169.28 | 179.27 | 192.85 | 238.77
the stock performance graph assumes for comparison that the value of the company's common stock and of each index was $ 100 on december 31 , 2012 and that all dividends were reinvested .
past performance is not necessarily an indicator of future results. .

Question: what was the percentage change in the performance of the company's common stock for royal caribbean cruises ltd from 2013 to 2014
Answer: 76.9%
Calculation: subtract(251.44, 142.11)
7. ACCRUED LIABILITIES
Other accrued expenses consisted of the following at December 31, 2019 and 2018 (in thousands):
Advances are amounts received from litigation counsel as advanced reimbursement of out-of-pocket expenses expected to be incurred by us. Board compensation of $0.4 million at December 31, 2019 and 2018 represents accrued and unpaid board and committee fees from prior periods. In the first quarter of 2020, current and prior board members agreed to waive unpaid cash fees in exchange for share-based compensation awards with an aggregate grant-date fair value of approximately $0.1 million (see Note 18).
Table:
 | 2019 | 2018
Advances | 500 | -
Board compensation | 413 | 413
Other accrued expenses | 168 | 150
 | $1,081 | $563


Question: What are advances?
Answer: Advances are amounts received from litigation counsel as advanced reimbursement of out-of-pocket expenses expected to be incurred by us.
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 average net client relationships in 2019 and 2018?
Answer: 4216.5
Calculation: (7,488 + 945) / 2
Medical Segment Results
Below is a table summarizing results for the fiscal years ended:
Net Sales. The Medical segment had $1.1 million of net sales in fiscal 2019, compared to $0.3 million of net sales in fiscal 2018. The increase was due to new business gained in fiscal 2019.
Gross Profit. Medical segment gross profit was a loss of $2.8 million in fiscal 2019, compared to a loss of $3.5 million in fiscal 2018. The improvement primarily relates to an increase in sales volumes during fiscal 2019.
Loss from Operations. Medical segment loss from operations decreased $2.8 million to $8.6 million in fiscal 2019, compared to $11.4 million in fiscal 2018. The decrease was due to an improvement in gross profit and lower selling and administrative expenses. Selling and administrative expenses were reduced by lower marketing and professional fee expenses, partially offset by initiatives to reduce overall costs and improve operational profitability of $0.9 million.
Table:
(Dollars in Millions) | April 27, 2019 | April 28, 2018 | Net Change ($) | Net Change (%)
Net Sales | $1.1 | $0.3 | $0.8 | 266.7 %
Gross Profit | $(2.8) | $(3.5) | $0.7 | 20.0 %
Loss from Operations | $(8.6) | $(11.4) | $2.8 | 24.6 %


Question: What was the net sales from medical segment in 2019?
Answer: $1.1 million
Deferred Compensation Plan
The Company has a non-qualified, unfunded deferred compensation plan, which provides certain key employees, including executive officers, with the ability to defer the receipt of compensation in order to accumulate funds for retirement on a tax deferred basis. The Company does not make contributions to the plan or guarantee returns on the investments. The Company is responsible for the plan’s administrative expenses. Participants’ deferrals and investment gains and losses remain as the Company’s liabilities and the underlying assets are subject to claims of general creditors.
The liabilities for compensation deferred under the plan are recorded at fair value in each reporting period. Changes in the fair value of the liabilities are included in operating expense on the Consolidated Statements of Operations. The Company manages the risk of changes in the fair value of the liabilities by electing to match the liabilities with investments in corporate-owned life insurance policies, mutual funds and money market funds that offset a substantial portion of the exposure. The investments are recorded at the cash surrender value of the corporate-owned life insurance policies, and at the fair value of the mutual funds and money market funds, which are classified as trading securities. Changes in the cash surrender value of the corporate-owned life insurance policies and the fair value of mutual fund and money market fund investments are included in interest and other income, net on the Consolidated Statements of Operations. The following table summarizes the deferred compensation plan balances on the Consolidated Balance Sheets (in thousands):
Table:
 | December 31, | 
 | 2019 | 2018
Deferred compensation plan asset components: |  | 
Cash surrender value of corporate-owned life insurance policies | $16,883 | $13,103
Fair value of mutual funds and money market funds | 21,975 | 18,867
Total | $38,858 | $31,970
Deferred compensation plan assets reported in: |  | 
Other long-term assets | $38,858 | $31,970
Deferred compensation plan liabilities reported in: |  | 
Accrued compensation and related benefits (short-term) | $425 | $447
Other long-term liabilities | 39,665 | 32,283
Total | $40,090 | $32,730


Question: What was the change in Cash surrender value of corporate-owned life insurance policies from 2018 to 2019?
Answer: 3780
Calculation: 16,883-13,103
Statements of cash flows additional information (in millions):
Non-cash investing and financing activities and supplemental cash flow information are as follows:
Table:
 |  | Year Ended | 
 | April 26, 2019 | April 27, 2018 | April 28, 2017
Non-cash Investing and Financing Activities: |  |  | 
Capital expenditures incurred but not paid | $ 9 | $ 24 | $ 19
Non-cash extinguishment of sale-leaseback financing obligations | $ — | $ 130 | $ 19
Supplemental Cash Flow Information: |  |  | 
Income taxes paid, net of refunds | $ 205 | $ 87 | $ 102
Interest paid | $ 53 | $ 58 | $ 44


Question: What was the percentage change in income taxes paid, net of refunds between 2018 and 2019?
Answer: 135.63
Calculation: (205-87)/87
18. Other Income (Expense), Net
Other income (expense), net consists of the following:
Table:
 |  | Years Ended June 30, | 
($ in millions) | 2019 | 2018 | 2017
Unrealized gains on company owned life insurance contracts and investments held in rabbi trusts | $0.8 | $1.5 | $1.7
Interest income | 0.1 | 0.3 | 0.3
Foreign exchange | (0.4) | (0.7) | (0.4)
Pension earnings, interest and deferrals | (0.1) | (2.1) | (23.8)
Pension curtailment | — | — | (0.5)
Other | 0.2 | 0.2 | 1.2
Total other income (expense), net | $0.6 | $(0.8) | $(21.5)


Question: What was the amount of Interest income in 2019?
Answer: 0.1
GreenSky, Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) (United States Dollars in thousands, except per share data, unless otherwise stated)
The following table reflects the cash flow impact of GS Holdings on the Consolidated Statements of Cash Flows for the years indicated.
Table:
 | Year Ended December 31, | 
 | 2019 | 2018
Net cash provided by operating activities | $153,327 | $256,426
Net cash used in investing activities | (15,381) | (6,581)
Net cash used in financing activities | (159,608) | (154,210)
Net increase (decrease) in cash and cash equivalents and restricted cash | (21,662) | 95,635
Cash and cash equivalents and restricted cash at beginning of period | 449,473 | 353,838
Cash and cash equivalents and restricted cash at end of period | $427,811 | $449,473


Question: What was the percentage change in Net cash provided by operating activities between 2018 and 2019?
Answer: -40.21
Calculation: (153,327-256,426)/256,426
Item 14. Principal Accountant Fees and Services
Fees For Professional Audit Services
The following is a summary of fees billed by the Company’s independent registered public accountants, PricewaterhouseCoopers LLP, for the years ended December 31, 2019 and 2018:
(1) Represents the aggregate fees billed for the audit of the Company’s financial statements, review of the financial statements included in the Company’s quarterly reports and services in connection with the statutory and regulatory filings or engagements for those years.
(2)  Represents the aggregate fees billed for assurance and related services that are reasonably related to the performance of the audit or review of the Company’s financial statements and are not reported under “audit fees.”
(3)  Represents the aggregate fees billed for tax compliance, advice and planning.
(4)  Represents the aggregate fees billed for all products and services provided that are not included under “audit fees,” “audit-related fees” or “tax fees.”
Table:
 | Fiscal Year | Fiscal Year
 | 2019 | 2018
Audit Fees(1) | $1,925,000 | $1,956,000
Audit-Related Fees(2) | — | 14,000
Tax Fees(3) | — | —
All Other Fees(4) | 222,000 | 157,000
Total Fees | $2,147,000 | $2,127,000


Question: What is the percentage change of audit fees from 2018 to 2019?
Answer: -1.58
Calculation: (1,925,000-1,956,000)/1,956,000
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)
22. Share-Based Compensation (Continued)
Movement in RCUs and PCUs
The summary of RCUs and PCUs is presented below:
The total expense recognized in respect of share-based compensation for the year ended December 31, 2019 was $5,107 (December 31, 2018: $5,216 and December 31, 2017: $4,565). The total accrued cash distribution as of December 31, 2019 is $1,176 (December 31, 2018: $1,265).
Table:
 | Number of awards | Weighted average contractual life | Aggregate fair value
RCUs |  |  | 
Outstanding as of January 1, 2018 | 67,475 | 1.38 | 1,429
Granted during the year | 24,608 | — | 576
Vested during the year | (16,999) | — | (410)
Outstanding as of December 31, 2018 | 75,084 | 1.25 | 1,595
Granted during the year | 26,308 | — | 605
Vested during the year | (24,925) | — | (410)
Outstanding as of December 31, 2019 | 76,467 | 1.26 | 1,790
PCUs |  |  | 
Outstanding as of January 1, 2018 | 67,475 | 1.38 | 1,429
Granted during the year | 24,608 | — | 576
Vested during the year | (16,999) | — | (410)
Outstanding as of December 31, 2018 | 75,084 | 1.25 | 1,595
Granted during the year | 26,308 | — | 605
Vested during the year | (24,925) | — | (410)
Outstanding as of December 31, 2019 | 76,467 | 1.26 | 1,790


Question: What was the change in total expense recognized from 2017 to 2018?
Answer: 651
Calculation: $5,216 - $4,565