hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
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 percentage change in amount spent on other long-term liabilities from 2018 to 2019?
Answer: 22.87
Calculation: (39,665-32,283)/32,283
Comparison of Years Ended December 31, 2019 to December 31, 2018
The following tables in this section set forth our selected consolidated statements of operations (in thousands), data for the percentage change and data as a percentage of revenue for the years ended December 31, 2019 and 2018. Certain previously reported amounts in the consolidated statements of operations for the year ended December 31, 2018 have been reclassified to conform to our current presentation to reflect interest income as a separate line item, which was previously included in other income, net.
Revenue
The $81.9 million increase in total revenue in 2019 as compared to 2018 was the result of a $46.3 million, or 16%, increase in our SaaS and license revenue and a $35.6 million, or 27%, increase in our hardware and other revenue. Our software license revenue included within SaaS and license revenue increased $2.1 million to $43.4 million in 2019 as compared to $41.3 million during 2018. The increase in our Alarm.com segment SaaS and license revenue in 2019 was primarily due to growth in our subscriber base, including the revenue impact from subscribers we added in 2018. To a lesser extent, SaaS and license revenue increased in the period due to an increase in license fees. The increase in hardware and other revenue in 2019 compared to 2018 was due to an increase in the volume of video cameras sold. Our Other segment contributed 15% of the increase in SaaS and license revenue in 2019 as compared to 2018. The increase in SaaS and license revenue for our Other segment in 2019 as compared to 2018 was due to an increase in sales of our energy management and demand response solutions and our property management and HVAC solutions. Hardware and other revenue in our Other segment decreased 13% in 2019 as compared to 2018, primarily due to the timing of sales related to our remote access management solution.
Table:
 |  | Year Ended December 31, | 
Revenue: |  |  | % Change
 | 2019 | 2018 | 2019 vs. 2018
SaaS and license revenue | $337,375 | $291,072 | 16%
Hardware and other revenue | 164,988 | 129,422 | 27%
Total revenue | $502,363 | $420,494 | 19%


Question: What was SaaS and license revenue as a percentage of total revenue in 2019?
Answer: 67.16
Calculation: 337,375/502,363
Pro Forma Information
The following unaudited pro forma information gives effect to the acquisition of AutoGuide as if the acquisition occurred on January 1, 2018 and the acquisition of MiR as if the acquisition occurred on January 1, 2017. The unaudited pro forma results are not necessarily indicative of what actually would have occurred had the acquisition been in effect for the periods presented:
Pro forma results for the year ended December 31, 2019 were adjusted to exclude $1.2 million of AutoGuide acquisition related costs and $0.1 million of AutoGuide non-recurring expense related to fair value adjustment to acquisition-date inventory.
Pro forma results for the year ended December 31, 2018 were adjusted to include $1.2 million of AutoGuide acquisition related costs and $0.4 million of AutoGuide non-recurring expense related to fair value adjustment to acquisition-date inventory.
Pro forma results for the year ended December 31, 2018 were adjusted to exclude $2.9 million of MiR acquisition related costs and $0.4 million of MiR non-recurring expense related to fair value adjustment to acquisition-date inventory.
Table:
 | For the Year Ended | 
 | December 31, 2019 | December 31, 2018
 | (in thousands, except per share amounts) | 
Revenues | $2,303,737 | $2,111,373
Net income | $464,602 | $442,082
Net income per common share: |  | 
Basic | $2.73 | $2.36
Diluted | $2.59 | $2.30


Question: What were the Pro forma results for the year ended December 31, 2019 adjusted for?
Answer: adjusted to exclude $1.2 million of AutoGuide acquisition related costs and $0.1 million of AutoGuide non-recurring expense related to fair value adjustment to acquisition-date inventory.
Concentration of Credit Risk and Significant Customers
Financial instruments that potentially subject us to concentrations of credit risk consist of cash, cash equivalents, marketable securities and accounts receivable. Our cash, cash equivalents and marketable securities are held and invested in high-credit quality financial instruments by recognized financial institutions and are subject to minimum credit risk.
Our accounts receivable are unsecured and represent amounts due to us based on contractual obligations of our customers. We mitigate credit risk in respect to accounts receivable by performing periodic credit evaluations based on a number of factors, including past transaction experience, evaluation of credit history and review of the invoicing terms of the contract. We generally do not require our customers to provide collateral to support accounts receivable.
Significant customers, including distribution channel partners and direct customers, are those which represent 10% or more of our total revenue for each period presented or our gross accounts receivable balance as of each respective balance sheet date. Revenues from our significant customers as a percentage of our total revenue are as follows
*represents less than 10% of total revenue
As of December 31, 2019, two customers accounted for 17% and 12% of our total gross accounts receivable.
As of December 31, 2018, two customers accounted for 16% and 12% of our total gross accounts receivable
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Customer A (a distribution channel partner) | * | 14% | *
Customer B (a distribution channel partner) | 12% | 10% | *
Customer C (a distribution channel partner) | 14% | * | *


Question: How does the company determine its significant customers?
Answer: Significant customers, including distribution channel partners and direct customers, are those which represent 10% or more of our total revenue for each period presented or our gross accounts receivable balance as of each respective balance sheet date.
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: what was the percentage change in net sales between 2003 and 2004?
Answer: 9%
Calculation: divide(154.6, 1735.5)
11. Reportable Segments, Geographic Information and Major Customers
Reportable segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or group, in assessing performance and allocating resources. The Company uses an internal management reporting system, which provides important financial data to evaluate performance and allocate the Company’s resources on a regional basis. Net sales for the segments are attributed to the region in which the product is manufactured or the service is performed. The services provided, manufacturing processes used, class of customers serviced and order fulfillment processes used are similar and generally interchangeable across the segments. A segment’s performance is evaluated based upon its operating income (loss). A segment’s operating income (loss) includes its net sales less cost of sales and selling and administrative expenses, but excludes corporate and other expenses. Corporate and other expenses  fiscal 2019 and the $13.5 million one-time employee bonus paid to full-time, non-executive employees during fiscal 2018 due to the Company's ability to access overseas cash as a result of Tax Reform (the "one-time employee bonus"). These costs are not allocated to the segments, as management excludes such costs when assessing the performance of the segments. Inter-segment transactions are generally recorded at amounts that approximate arm’s length transactions. The accounting policies for the segments are the same as for the Company taken as a whole.
Information about the Company’s three reportable segments for fiscal 2019, 2018 and 2017 is as follows (in thousands):
Table:
 | 2019 | 2018 | 2017
Depreciation:       |  |  | 
AMER  | $22,531 | $21,224 | $19,694
APAC  | 16,905 | 15,954 | 15,588
EMEA  | 6,105 | 6,054 | 5,467
Corporate  | 5,344 | 4,863 | 4,581
 | 50,885 | 48,095 | 45,330
Capital expenditures: |  |  | 
AMER | $42,459 | $17,690 | $18,111
APAC | 33,454 | 33,018 | 13,816
EMEA | 5,186 | 7,923 | 5,748
Corporate | 9,501 | 4,149 | 863
 | $90,600 | $62,780 | $38,538


Question: What was the depreciation from AMER in 2017?
Answer: 19,694
9. Debt
Silicon Valley Bank Facility
We maintained a Loan and Security Agreement with SVB (the "Credit Facility") under which we had a term loan with an original borrowing amount of $6.0 million (the “Original Term Loan”). The Original Term Loan carried a floating annual interest rate equal to SVB’s prime rate then in effect plus 2%. The Original Term Loan matured and was repaid in May 2019.
On October 10, 2019, we entered into an Amended and Restated Loan and Security Agreement (the “Loan Agreement”) with SVB, which amended and restated in its entirety our previous Credit Facility. Under the Loan Agreement, SVB agreed to make advances available up to $10.0 million (the “Revolving Line”). If we borrow from the Revolving Line, such borrowing would carry a floating annual interest rate equal to the greater of (i) the Prime Rate (as defined in the Loan Agreement) then in effect plus 1% or (ii) 6%. Amounts borrowed under the Revolving Line may be repaid and, prior to the Revolving Line Maturity Date (defined below), reborrowed. The Revolving Line terminates on October 10, 2020 (the “Revolving Line Maturity Date”), unless earlier terminated by us. No amounts have been borrowed under this Loan Agreement.
Amounts due under the Loan Agreement are secured by our assets, including all personal property, inventory and bank accounts; however, intellectual property is not secured under the Loan Agreement. The inventory used to secure the amount due does not include demo or loaner equipment with an aggregate book value up to $1.0 million. The Loan Agreement requires us to observe a number of financial and operational covenants, including maintenance of a specified Liquidity Coverage Ratio (as defined in the Loan Agreement), protection and registration of intellectual property rights and customary negative covenants. If any event of default occurs SVB may declare due immediately all borrowings under the Credit Facility and foreclose on the collateral. Furthermore, an event of default under the Credit Facility would result in an increase in the interest rate on any amounts outstanding. As of December 31, 2019, there were no events of default on the Credit Facility.
Interest expense, net for the years ended December 31, 2019 and 2018 consisted of the following:
Table:
 | Years ended December 31, | 
 | 2019 | 2018
Interest expense on Term Loans | $8,073 | $101,087
Amortization of debt issuance costs | 5,685 | 16,308
Other interest expense  | 2,120 | 6,949
Total interest expense, net | $15,878 | $124,344


Question: When was Original Term Loan matured and was repaid?
Answer: May 2019
The following is a roll forward of accrued restructuring charges for fiscal 2019 and fiscal 2018 (in millions):
The liability for restructuring and other exit costs of $47.8 million is included in accrued liabilities and other long-term liabilities, on the Company's consolidated balance sheets as of March 31, 2019.
Table:
 | Restructuring |  | Non-Restructuring | 
 | Employee Separation Costs | Exit Costs | Exit Costs | Total
Balance at March 31, 2017 | $5.4 | $34.8 | $— | $40.2
Charges | 1.2 | 0.7 | 20.0 | 21.9
Payments | (5.9) | (9.2) | (0.9) | (16.0)
Non-cash - Other | (0.2) | 1.0 | — | 0.8
Changes in foreign exchange rates | 0.3 | — | — | 0.3
Balance at March 31, 2018 | 0.8 | 27.3 | 19.1 | 47.2
Additions due to Microsemi acquisition | 10.4 | 9.0 | — | 19.4
Charges | 48.9 | (4.7) | — | 44.2
Payments | (47.1) | (13.1) | (4.1) | (64.3)
Non-cash - Other | — | 0.7 | 0.7 | 1.4
Changes in foreign exchange rates | (0.1) | — | — | (0.1)
Balance at March 31, 2019 | $12.9 | $19.2 | $15.7 | $47.8
Current |  |  |  | $26.9
Non-current |  |  |  | 20.9
Total |  |  |  | $47.8


Question: What was the change in restructuring exit costs for Charges between 2017 and 2018?
Answer: 26.6
Calculation: 27.3-0.7
The income tax (benefit) provision was charged to continuing operations or accumulated other comprehensive income (loss) as follows:
Prior year balances related to deferred tax assets and liabilities have been recast to net the federal effect of state taxes with the specific deferred tax asset or liability to which it relates
Table:
Year Ended December 31, |  |  | 
(dollars in millions) | 2019 | 2018 | 2017
Income tax (benefit) provision related to: |  |  | 
Continuing operations | $(10.6) | $9.4 | $26.7
Accumulated other comprehensive income (loss) | 0.2 | 1.3 | (28.3)


Question: What is the income tax (benefit) provision related to accumulated other comprehensive income in 2018?
Answer: 1.3
NOTE 11 - STOCK CAPITAL (Cont.)
Shares and warrants issued to service providers:
On August 17, 2017 the Company issued to Anthony Fiorino, the former CEO of the Company, for consulting services rendered, a grant of 4,327 shares of restricted stock under the 2014 U.S. Plan, which vests in eight equal quarterly installments (starting November 17, 2017) until fully vested on the second anniversary of the date of grant.
Compensation expense recorded by the Company in respect of its stock-based service provider compensation awards for the year ended December 31, 2019 and 2018 amounted to $25 and $102, respectively.
On March 26, 2019, the Company issued to its legal advisor 5,908 shares of Common Stock under the 2014 U.S. Plan for certain 2018 legal services. The related compensation expense was recorded as general and administrative expense in 2018.
On May 23, 2019, the Company granted to a former director, in consideration for services rendered to the Company, an option under the 2014 Global Plan to purchase up to 4,167 shares of Common Stock with an exercise price per share of $0.75. The option was fully vested and exercisable as of the date of grant.
Total Stock-Based Compensation Expense:
The total stock-based compensation expense, related to shares, options and warrants granted to employees, directors and service providers was comprised, at each period, as follows:
Table:
 | December 31 | 
 | 2019 | 2 0 1 8
U.S. $ in thousands |  | 
Research and development | 123 | 175
General and administrative | 666 | 844
Total stock-based compensation expense | 789 | 1,019


Question: What is the change in the general and administrative stock-based compensation expense from 2018 to 2019?
Answer: -178
Calculation: 666-844
stock price performance the following graph shows a comparison of the cumulative total return on our common stock , the standard & poor 2019s 500 index and the standard & poor 2019s retail index . the graph assumes that the value of an investment in our common stock and in each such index was $ 100 on december 31 , 2011 , and that any dividends have been reinvested . the comparison in the graph below is based solely on historical data and is not intended to forecast the possible future performance of our common stock . comparison of cumulative total return among advance auto parts , inc. , s&p 500 index and s&p retail index company/index december 31 , december 29 , december 28 , january 3 , january 2 , december 31 .

Table:
company/index | december 31 2011 | december 29 2012 | december 28 2013 | january 3 2015 | january 2 2016 | december 31 2016
advance auto parts | $ 100.00 | $ 102.87 | $ 158.46 | $ 228.88 | $ 217.49 | $ 244.64
s&p 500 index | 100.00 | 114.07 | 152.98 | 174.56 | 177.01 | 198.18
s&p retail index | 100.00 | 122.23 | 178.55 | 196.06 | 245.31 | 256.69
.

Question: what is the rate of return on an investment in s&p500 index from 2015 to 2016?
Answer: 1.4%
Calculation: subtract(177.01, 174.56), divide(#0, 174.56)
As of June 30, 2018, the Group’s investments consisted of the following:
As of June 30, 2018, the Group had $323.1 million of investments which were classified as short-term investments on the Group’s consolidated statements of financial position. Additionally, the Group had certificates of deposit and time deposits totaling $3.6 million which were classified as long-term and were included in other non- current assets on the Group’s consolidated statements of financial position.
Table:
 | Amortized Cost | Unrealized Gains | Unrealized Losses | Fair Value
 |  | (U.S. $ in thousands) |  | 
Debt Investments |  |  |  | 
U.S. treasury securities | $52,809 | $— | $(109) | $52,700
Agency securities | 22,097 | — | (82) | 22,015
Certificates of deposit and time deposits | 58,824 | — | — | 58,824
Commercial paper | 35,372 | — | — | 35,372
Corporate debt securities | 158,538 | 14 | (669) | 157,883
Total investments | $327,640 | $14 | $(860) | $326,794


Question: What is the amount of total investments based on fair value?
Answer: $326,794
Net Earnings Per Share (“EPS”)
Basic EPS is computed by dividing net earnings available to common stockholders by the weighted average number of common shares outstanding during each year. Diluted EPS is computed on the basis of the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding RSUs.
A reconciliation of the denominators of the basic and diluted EPS calculations follows (in thousands, except per share data):
In 2019, 2018 and 2017, approximately 42,000, 17,000 and 40,000, respectively, of our RSUs were not included in the diluted EPS calculations because their inclusion would have been anti-dilutive. These share-based awards could be dilutive in the future. In the year ended December 31, 2019, certain potential outstanding shares from convertible senior notes and warrants were not included in the diluted EPS calculations because their inclusion would have been anti-dilutive.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Numerator: |  |  | 
Netearnings | $159,407 | $163,677 | $90,683
Denominator: |  |  | 
Weighted-average shares used to compute basic EPS | 35,538 | 35,586 | 35,741
Dilutive potential common shares due to dilutive: |  |  | 
RSUs, net of tax effect | 421 | 423 | 466
Weighted-average shares used to compute diluted EPS | 35,959 | 36,009 | 36,207
Net earnings per share: |  |  | 
Basic | $4.49 | $4.60 | $2.54
Diluted | $4.43 | $4.55 | $2.50


Question: How is Basic EPS computed?
Answer: by dividing net earnings available to common stockholders by the weighted average number of common shares outstanding during each year.