hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
transfer agent and registrar for common stock the transfer agent and registrar for our common stock is : computershare shareowner services llc 480 washington boulevard 29th floor jersey city , new jersey 07310 telephone : ( 877 ) 363-6398 sales of unregistered securities not applicable . repurchase of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2015 to december 31 , 2015 . total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 .

Table:
 | total number ofshares ( or units ) purchased1 | average price paidper share ( or unit ) 2 | total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3 | maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs3
october 1 - 31 | 2140511 | $ 20.54 | 2139507 | $ 227368014
november 1 - 30 | 1126378 | $ 22.95 | 1124601 | $ 201557625
december 1 - 31 | 1881992 | $ 22.97 | 1872650 | $ 158553178
total | 5148881 | $ 21.96 | 5136758 | 
1 included shares of our common stock , par value $ 0.10 per share , withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) .
we repurchased 1004 withheld shares in october 2015 , 1777 withheld shares in november 2015 and 9342 withheld shares in december 2015 .
2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our stock repurchase program , described in note 5 to the consolidated financial statements , by the sum of the number of withheld shares and the number of shares acquired in our stock repurchase program .
3 in february 2015 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2015 share repurchase program 201d ) .
on february 12 , 2016 , we announced that our board had approved a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock .
the new authorization is in addition to any amounts remaining for repurchase under the 2015 share repurchase program .
there is no expiration date associated with the share repurchase programs. .

Question: what is the average number of total shares purchased in october and november?
Answer: 1683444.5
Calculation: add(2140511, 1126378), divide(#0, 2)
STOCK OPTIONS
Under BCE’s long-term incentive plans, BCE may grant options to executives to buy BCE common shares. The subscription price of a grant is based on the higher of: • the volume-weighted average of the trading price on the trading day immediately prior to the effective date of the grant • the volume-weighted average of the trading price for the last five consecutive trading days ending on the trading day immediately prior to the effective date of the grant
At December 31, 2019, 7,524,891 common shares were authorized for issuance under these plans. Options vest fully after three years of continuous employment from the date of grant. All options become exercisable when they vest and can be exercised for a period of seven years from the date of grant for options granted prior to 2019 and ten years from the date of grant for options granted in 2019.
The following table summarizes BCE’s outstanding stock options at December 31, 2019 and 2018.
(1) The weighted average market share price for options exercised was $62 in 2019 and $55 in 2018.
Table:
 |  | 2019 |  | 2018 | 
 | NOTE | NUMBER OF OPTIONS | WEIGHTED AVERAGE EXERCISE PRICE ($) | NUMBER OF OPTIONS | WEIGHTED AVERAGE EXERCISE PRICE ($)
Outstanding, January 1 |  | 14,072,332 | 56 | 10,490,249 | 55
Granted |  | 3,357,303 | 58 | 3,888,693 | 56
Exercised (1) | 27 | (4,459,559) | 54 | (266,941) | 42
Forfeited |  | (144,535) | 58 | (39,669) | 58
Outstanding, December 31 |  | 12,825,541 | 57 | 14,072,332 | 56
Exercisable, December 31 |  | 2,786,043 | 56 | 4,399,588 | 52


Question: What is the percentage change in the exercisable number of options in December 31, 2019?
Answer: -36.67
Calculation: (2,786,043-4,399,588)/4,399,588
As described in Note 7, the acquisition of Norstel resulted in the recognition of $43 million in goodwill which has been included in the ADG segment to align the goodwill of the acquired Company with the segment under which the related activities will be reported.
As of the end of the third quarters of 2019 and 2018, the Company performed its annual impairment test. The Company did not elect to perform a qualitative assessment. The impairment test was conducted following a two-step process. In the first step, the Company compared the fair value of the reporting units tested to their carrying value. Based upon the first step of the goodwill impairment test, no impairment was recorded since the fair value of the reporting units exceeded their carrying value.
Goodwill as at December 31, 2019 and 2018 is net of accumulated impairment losses of $102 million, of which $96 million relates to the MDG segment and $6 million to Others. In 2019, 2018 and 2017, no impairment loss was recorded by the Company.
Table:
 | Automotive and Discrete Group (ADG) | Microcontrollers and Digital ICs Group (MDG) | Analog, MEMS & Sensors Group AMS) | Total
December 31, 2017 | — | 121 | 2 | 123
Foreign currency translation | — | (2) | — | (2)
December 31, 2018 | — | 119 | 2 | 121
Business combination | 43 | — | — | 43
Foreign currency translation | — | (2) | — | (2)
December 31, 2019 | 43 | 117 | 2 | 162


Question: How much no impairment loss was recorded by the Company in 2019, 2018 and 2017?
Answer: In 2019, 2018 and 2017, no impairment loss was recorded by the Company.
Note 9. Non-current assets - property, plant and equipment
Property, plant and equipment secured under finance leases
Refer to note 24 for further information on property, plant and equipment secured under finance leases.
Accounting policy for property, plant and equipment
Plant and equipment are stated at cost less accumulated depreciation and any accumulated impairment losses. Cost includes expenditure that is directly attributable to the acquisition of the items. Subsequent costs are included in the assets carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the group and the cost of the item can be measured reliably.
Plant and equipment are depreciated and leasehold improvements are amortised over their estimated useful lives using the straightline method. Assets held under finance lease are depreciated over their expected useful lives as owned assets or, where shorter, the term of the relevant lease.
Table:
Consolidated |  | 
 | 2019 | 2018
 | US$000 | US$000
Leasehold improvements - at cost | 7,754 | 5,181
Less: Accumulated depreciation | (3,648) | (2,501)
 | 4,106 | 2,680
Plant and equipment - at cost | 6,472 | 5,298
Less: Accumulated depreciation | (2,827) | (2,278)
 | 3,645 | 3,020
Plant and equipment under lease | 15 | 27
Less: Accumulated depreciation | (4) | (15)
 | 11 | 12
 | 7,762 | 5,712


Question: What is the percentage change in the plant and equipment at cost less accumulated depreciation from 2018 to 2019?
Answer: 20.7
Calculation: (3,645-3,020)/3,020
Stock Options
Stock options are granted with exercise prices equal to the fair market value of Leidos' common stock on the date of grant and for terms not greater than ten years. Stock options have a term of seven years and a vesting period of four years, except for stock options granted to the Company's outside directors, which have a vesting period of the earlier of one year from grant date or the next annual meeting of stockholders following grant date.
The fair value of the Company's stock option awards is estimated on the date of grant using the Black-Scholes- Merton option-pricing model. The fair value of the Company's stock option awards to employees are expensed on a straight-line basis over the vesting period of four years, except for stock options granted to the Company's outside directors, which is recognized over the vesting period of one year or less.
During fiscal 2017, the Company ceased the usage of peer group volatility, as an input into its blended approach to measure expected volatility, and increased the reliance on historical volatility. The revised blended approach includes the Company's weighted average historical and implied volatilities. The Company continued the use of this approach during fiscal 2018 and fiscal 2019.
The risk-free rate is derived using the yield curve of a zero-coupon U.S. Treasury bond with a maturity equal to the expected term of the stock option on the grant date. During fiscal 2017 and fiscal 2018, Leidos utilized the simplified method for the expected term, which represented an appropriate period of time that the options granted were expected to remain outstanding between the weighted-average vesting period and end of the respective contractual term.
Upon re-examining the Company's exercise history, the methodology used to calculate the expected term changed in fiscal 2019. Based on actual historical settlement data, the midpoint scenario is utilized with a one-year grant date filter assumption for outstanding options. The Company uses historical data to estimate forfeitures and was derived in the same manner as in the prior years presented.
The weighted average grant-date fair value and assumptions used to determine fair value of stock options granted for the periods presented were as follows:
Table:
 |  | Year Ended | 
 | January 3, 2020 | December 28, 2018 | December 29, 2017
Weighted average grant-date fair value | $11.89 | $13.85 | $11.53
Expected term (in years) | 4.4 | 4.7 | 4.7
Expected volatility | 24.3% | 26.6% | 29.7%
Risk-free interest rate | 2.4% | 2.6% | 1.9%
Dividend yield | 2.2% | 2.0% | 2.5%


Question: In which year was Weighted average grant-date fair value less than 13.00?
Answer: 2020, 2017
Calculation: locate and analyze Weighted average grant-date fair value in row 4
2019 vs 2018
Cost of revenue decreased for the year ended December 31, 2019, compared to the prior year, primarily due to net revenue declining.
Gross margin decreased for the year ended December 31, 2019 compared to the prior year. Gross margin was negatively impacted by the imposition of Section 301 tariffs originally announced in late 2018 and cost inefficiencies experienced in our new manufacturing locations outside of China, an increase in channel promotional activities relative to revenue as well as foreign exchange headwinds due to the strengthening of the U.S. dollar.
2018 vs 2017
Cost of revenue decreased for the year ended December 31, 2018 primarily due to improved product margin performance, lower proportionate provisions for warranty expense, and lower air freight costs compared to the prior year.
Gross margin increased for the year ended December 31, 2018 compared to the prior year primarily due to improved product margin performance, lower proportionate provisions for sales returns and warranty expense, favorable foreign exchange rate movements and lower air freight costs compared to the prior year.
For fiscal 2020, we expect gross margins to improve from fiscal 2019 primarily as our U.S. bound inventory will primarily not be subject to Section 301 tariffs in fiscal 2020. Forecasting gross margin percentages is difficult, and there are a number of risks related to our ability to maintain or improve our current gross margin levels. Our cost of revenue as a percentage of net revenue can vary significantly based upon factors such as: uncertainties surrounding revenue levels, including future pricing and/or potential discounts as a result of the economy or in response to the strengthening of the U.S. dollar in our international markets, and related production level variances; import customs duties and imposed tariffs; competition; changes in technology; changes in product mix; variability of stockbased compensation costs; royalties to third parties; fluctuations in freight and repair costs; manufacturing and purchase price variances; changes in prices on commodity components; warranty costs; and the timing of sales, particularly to service provider customers. We expect that revenue derived from paid subscription service plans will increase in the future, which may have a positive impact on our gross margin. From time to time, however, we may experience fluctuations in our gross margin as a result of the factors discussed above.
Table:
 |  |  | Year Ended December 31 |  | 
 | 2019 | % Change | 2018 | % Change | 2017
 |  |  | (In thousands, except percentage data) |  | 
Cost of revenue | $704,535 | (1.8)% | $717,118 | (2.0)% | $731,453
Gross margin percentage | 29.5% |  | 32.3% |  | 29.6%


Question: What was the cost of revenue in 2019?
Answer: $704,535
Our net sales by offering category for EMEA for 2019 and 2018, were as follows (dollars in thousands):
Net sales in EMEA remained flat (increased 5% excluding the effects of fluctuating foreign currency exchange rates), or down $3.6 million, in 2019 compared to 2018. Net sales of hardware declined 5%, year to year, while net sales of software and services were up 2% and 7%, respectively, year over year. The changes were the result of the following:
• Lower volume of net sales of networking solutions, partially offset by higher volume of net sales of devices, to large enterprise and public sector clients in hardware net sales. • Higher volume of software net sales to large enterprise and public sector clients.
• Higher volume of net sales of cloud solution offerings and increased software referral fees that are recorded on a net sales recognition basis. In addition, there was an increase in the volume of Insight delivered services.
Table:
 | EMEA |  | 
Sales Mix | 2019 | 2018 | %Change
Hardware | $622,949 | $653,499 | (5%)
Software | 753,729 | 736,509 | 2%
Services | 149,966 | 140,233 | 7%
 | $1,526,644 | $1,530,241 | —


Question: What was the net sales of hardware in 2019 and 2018 respectively?
Answer: $622,949, $653,499
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
NOTE 4: CASH AND CASH EQUIVALENTS AND RESTRICTED CASH
Cash and cash equivalents and restricted cash consisted of the following:
Short-term deposits and highly liquid funds relate to amounts held in banks for general financing purposes and represent deposits with an original maturity of less than three months
Cash deposits and cash equivalents in excess of amounts covered by government-provided insurance are exposed to loss in the event of non-performance by financial institutions. Navios Holdings does maintain cash deposits and equivalents in excess of government provided insurance limits. Navios Holdings reduces exposure to credit risk by dealing with a diversified group of major financial institutions. See also Note 2(e).
Table:
 | December 31, 2019 | December 31,2018
Cash on hand and at banks | $77,041 | $131,432
Short-term deposits and highly liquid funds | 950 | 6,450
Restricted cash | 736 | 12,892
Cash and cash equivalents and restricted cash | $78,727 | $150,774


Question: Which years does the table provide information for Cash and cash equivalents and restricted cash?
Answer: 2019, 2018
Cash Conversion Cycle
The following table presents the components of our cash conversion cycle for the fourth quarter of each of the past three fiscal years:
(1) Days sales outstanding, referred to as DSO, calculates the average collection period of our receivables. DSO is based on ending accounts receivable and net revenue for each period. DSO is calculated by dividing accounts receivable by average net revenue per day for the current quarter (91 days for each of the fourth quarters presented above). The year over year increases in DSO in the fourth quarter of fiscal 2019 and fiscal 2018 were primarily due to less favorable shipping linearity and, in the case of fiscal 2019, one of our major distributors choosing not to take advantage of an early payment discount.
(2) Days inventory outstanding, referred to as DIO, measures the average number of days from procurement to sale of our products. DIO is based on ending inventory and cost of revenues for each period. DIO is calculated by dividing ending inventory by average cost of revenues per day for the current quarter. The increase in DIO in the fourth quarter of fiscal 2019 compared to the corresponding period of fiscal 2018 was primarily due to higher levels of finished goods on hand at the end of fiscal 2019. Compared to the corresponding period in fiscal 2017, the decrease in DIO in the fourth quarter of fiscal 2018 was due primarily to strong product sales towards the end of the fourth quarter of fiscal 2018.
(3) Days payables outstanding, referred to as DPO, calculates the average number of days our payables remain outstanding before payment. DPO is based on ending accounts payable and cost of revenues for each period. DPO is calculated by dividing accounts payable by average cost of revenues per day for the current quarter. DPO for the fourth quarter of fiscal 2019 was relatively unchanged compared to the fourth quarter of fiscal 2018, while it increased compared to the corresponding period in fiscal 2017 was primarily the result of improved vendor payables management and extensions of payment terms with our suppliers.
(4) The cash conversion cycle is the sum of DSO and DIO less DPO. Items which may cause the cash conversion cycle in a particular period to differ include, but are not limited to, changes in business mix, changes in payment terms (including extended payment terms from suppliers), the extent of shipment linearity, seasonal trends and the timing of revenue recognition and inventory purchases within the period.
Table:
 | Three Months Ended |  | 
(in days) |  |  | 
Three Months Ended | April 26, 2019 | April 27, 2018 | April 28, 2017
Days sales outstanding (1) | 70 | 58 | 45
Days inventory outstanding (2) | 21 | 18 | 26
Days payables outstanding (3) | (87) | (90) | (56)
Cash conversion cycle (4) | 3 | (14 ) | 15
Days may not add due to rounding |  |  | 


Question: How many years did days inventory outstanding exceed 20 days?
Answer: 2
Calculation: 2019##2017
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: What was the average operating profit in 2018 and 2019?
Answer: 232.5
Calculation: (243.7+221.3)/2
5. Accrued expenses
Accrued expenses consisted of the following:
Table:
October 31, |  | 
 | 2019 | 2018
(In thousands) |  | 
Workers’ compensation claims | $9,687 | $9,020
Accrued wages | 19,525 | 14,142
Accrued rebates | 13,529 | 7,828
Accrued vacation  | 10,592 | 8,554
Accrued property taxes  | 11,331 | 9,453
Accrued payroll taxes | 8,290 | 9,034
Other accrued expenses  | 9,986 | 11,922
Total accrued expenses | $82,940 | $69,953


Question: What is the change in Total accrued expenses between fiscal years 2019 and 2018?
Answer: 12987
Calculation: 82,940-69,953
Other Non-current Liabilities
Other non-current liabilities consisted of the following (in thousands):
Table:
 | 2019 | 2018
Lease liabilities | $28,046 | $—
Other | 708 | 534
Total other non-current liabilities | $28,754 | $534


Question: What is the percentage change in total other non-current liabilities between 2018 and 2019?
Answer: 5284.64
Calculation: (28,754 - 534)/534
8 EXPENSES BY NATURE
Note: (a) Transaction costs primarily consist of bank handling fees, channel and distribution costs.
(b) During the year ended 31 December 2019, the Group incurred expenses for the purpose of research and development of approximately RMB30,387 million (2018: RMB22,936 million), which comprised employee benefits expenses of approximately RMB24,478 million (2018: RMB19,088 million).
During the year ended 31 December 2019, employee benefits expenses included the share-based compensation expenses of approximately RMB10,500 million (2018: RMB7,900 million).
No significant development expenses had been capitalised for the years ended 31 December 2019 and 2018.
(c) Included the amortisation charges of intangible assets mainly in respect of media contents.
During the year ended 31 December 2019, amortisation of intangible assets included the amortisation of intangible assets resulting from business combinations of approximately RMB1,051 million (2018: RMB524 million).
Table:
 | 2019 | 2018
 | RMB’Million | RMB’Million
Transaction costs (Note (a)) | 85,702 | 69,976
Employee benefits expenses (Note (b) and Note 13) | 53,123 | 42,153
Content costs (excluding amortisation of intangible assets) | 48,321 | 39,061
Amortisation of intangible assets (Note (c) and Note 20) | 28,954 | 25,616
Bandwidth and server custody fees (excluding depreciation of right-of-use assets) | 16,284 | 15,818
Depreciation of property, plant and equipment, investment properties and right-of-use assets (Note 16 and Note 18) | 15,623 | 8,423
Promotion and advertising expenses | 16,405 | 19,806
Travelling and entertainment expenses | 1,773 | 1,450
Auditor’s remuneration |  | 
– Audit and audit-related services | 105 | 110
– Non-audit services | 43 | 26


Question: How much is the change in transaction costs from 2018 to 2019?
Answer: 15726
Calculation: 85,702-69,976