hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Accounts Receivable Allowances
Accounts receivable allowances reflect our best estimate of probable losses inherent in our accounts receivable balances, including both losses for uncollectible accounts receivable and sales returns. We regularly review allowances by considering factors such as historical experience, credit quality, the age of the accounts receivable balances and current economic conditions that may affect a customer’s ability to pay.
Activity in accounts receivable allowance is as follows (in thousands):
Table:
 |  | Fiscal | 
 | 2019 | 2018 | 2017
Beginning balance | $4,568 | $6,890 | $2,420
Additions charged to expenses | 5,210 | 1,980 | 4,190
Accruals related to acquisitions | — | 37 | 4,390
Deductions from reserves | (1,088) | (4,339) | (4,110)
Ending balance | $8,690 | $4,568 | $6,890


Question: What do Accounts receivable allowances reflect?
Answer: reflect our best estimate of probable losses inherent in our accounts receivable balances, including both losses for uncollectible accounts receivable and sales returns
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)
14. Other Payables and Accruals
An analysis of other payables and accruals is as follows:
The unearned revenue represents charter hires received in advance in December 2019 relating to the hire period of January 2020 for 22 vessels (December 2018: 17 vessels).
Table:
 | As of December 31, | 
 | 2018 | 2019
Unearned revenue | 38,680 | 48,183
Accrued off-hire | 7,376 | 6,968
Accrued purchases | 18,578 | 9,759
Accrued interest | 38,107 | 36,746
Other accruals | 24,709 | 34,586
Total | 127,450 | 136,242


Question: How many vessels were hired in 2018?
Answer: 17 vessels
The ESPP provides for annual increases in the number of shares available for issuance under the ESPP on the first day of each fiscal year beginning in fiscal 2014, equal to the least of: (i) 1% of the outstanding shares of all classes of common stock on the last day of the immediately preceding year; (ii) 1,250,000 shares; or (iii) such other amount as may be determined by the board of directors. During the year ended December 31, 2019, a total of 810,459 shares of Class A common stock were added to the ESPP Plan in connection with the annual increase provision. At December 31, 2019, a total of 3,918,712 shares were available for issuance under the ESPP.
The weighted-average assumptions used to value ESPP rights under the Black-Scholes-Merton option-pricing model and the resulting offering grant date fair value of ESPP rights granted in the periods presented were as follows:
As of December 31, 2019 and 2018, there was approximately $2.3 million and $1.5 million of unrecognized share-based compensation expense, net of estimated forfeitures, related to ESPP, which will be recognized on a straight-line basis over the remaining weighted-average vesting periods of approximately 0.4 years, respectively
Table:
 |  | Year ended December 31, | 
 | 2019 | 2018 | 2017
Expected term (in years) | 0.5 | 0.5 | 0.5
Expected volatility | 47% | 42% | 34%
Risk-free interest rate | 2.01% | 2.31% | 1.20%
Expected dividend yield | 0% | 0% | 0%
Offering grant date fair value of ESPP rights | $33.66 | $18.07 | $9.52


Question: As of December 31, 2019 and 2018, what are the respective number of unrecognized share-based compensation expense, net of estimated forfeitures, related to ESPP?
Answer: $2.3 million, $1.5 million
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 increases related to current year tax positions in 2017 and 2018?
Answer: 547, 1,975
CAPITAL MANAGEMENT
The primary objective of the Company’s capital management is to ensure that it maintains a strong credit rating and healthy capital ratios to support its business and maximize the stockholders’ value. The Company also ensures its ability to operate continuously to provide returns to stockholders and the interests of other related parties, while maintaining the optimal capital structure to reduce costs of capital.
To maintain or adjust the capital structure, the Company may adjust the dividend payment to stockholders, return capital to stockholders, issue new shares or dispose assets to redeem liabilities.
Similar to its peers, the Company monitors its capital based on debt to capital ratio. The ratio is calculated as the Company’s net debt divided by its total capital. The net debt is derived by taking the total liabilities on the consolidated balance sheets minus cash and cash equivalents. The total capital consists of total equity (including capital, additional paid-in capital, retained earnings, other components of equity and non-controlling interests) plus net debt.
The Company’s strategy, which is unchanged for the reporting periods, is to maintain a reasonable ratio in order to raise capital with reasonable cost. The debt to capital ratios as of December 31, 2018 and 2019 were as follows:
Table:
 | As of December 31, | 
 | 2018 | 2019
 | NT$ | NT$
 | (In Thousands) | (In Thousands)
Total liabilities | $158,199,746 | $163,347,778
Less: Cash and cash equivalents | (83,661,739) | (95,492,477)
Net debt | 74,538,007 | 67,855,301
Total equity | 204,397,483 | 202,913,915
Total capital | $278,935,490 | $270,769,216
Debt to capital ratios | 26.72% | 25.06%


Question: What steps does the company take To maintain or adjust the capital structure?
Answer: the Company may adjust the dividend payment to stockholders, return capital to stockholders, issue new shares or dispose assets to redeem liabilities.
The director compensation policies summarized above resulted in the following total compensation for our non-management directors in fiscal year 2019:
Director Compensation Table
(1) Oleg Khaykin, President and Chief Executive Officer, is not included in this table as he was an employee of the Company and as such received no compensation for his services as a director. His compensation is disclosed in the Summary Compensation Table.
(2) The amounts shown in this column represent the grant date fair values of RSUs issued pursuant to the Company’s 2003 Equity Incentive Plan, computed in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718 (“FASB ASC Topic 718”), excluding the effect of estimated forfeitures. There can be no assurance that these grant date fair values will ever be realized by the non-employee directors. For information regarding the number of unvested RSUs held by each non-employee director as of the end of fiscal year 2019, see the column “Unvested Restricted Stock Units Outstanding” in the table below
Table:
DIRECTOR COMPENSATION |  |  | 
Name (1) | Fees Earned or Paid in Cash ($) | Stock Awards ($) (2) | Total ($)
Keith Barnes | 102,500 | 178,317 | 280,817
Richard E. Belluzzo | 160,000 | 178,317 | 338,317
Laura Black | 67,500 | 178,317 | 245,817
Tor Braham | 67,500 | 178,317 | 245,817
Timothy Campos | 77,500 | 178,317 | 255,817
Donald Colvin | 97,500 | 178,317 | 275,817
Masood A. Jabbar | 90,000 | 178,317 | 268,317


Question: What is the percentage difference of the total compensation between Timothy Campos and Tor Braham?
Answer: 4.07
Calculation: (255,817-245,817)/245,817
Finite-lived Intangible Assets
Other intangible assets, net consisted of the following:
The remaining $152 of intangible asset at December 31, 2019 is expected to be amortized in 2020.
Table:
 |  | December 31,
 | 2019 | 2018
Recipes | $ 44 | $ 44
Customer lists and other customer related intangibles | 4,529 | 4,529
Customer relationships | 985 | 985
Trade names | 2,248 | 2,248
Formula | 438 | 438
 | 8,244 | 8,244
Accumulated amortization | (8,092 ) | (7,900 )
Intangible assets, net | $ 152 | $ 344


Question: What is the average value of trade names for both 2018 and 2019?
Answer: 2248
Calculation: (2,248+2,248)/2
at december 31 , 2009 , aon had domestic federal operating loss carryforwards of $ 7 million that will expire at various dates from 2010 to 2024 , state operating loss carryforwards of $ 513 million that will expire at various dates from 2010 to 2028 , and foreign operating and capital loss carryforwards of $ 453 million and $ 252 million , respectively , nearly all of which are subject to indefinite carryforward . unrecognized tax benefits the following is a reconciliation of the company 2019s beginning and ending amount of unrecognized tax benefits ( in millions ) : .

Table:
 | 2009 | 2008
balance at january 1 | $ 86 | $ 70
additions based on tax positions related to the current year | 2 | 5
additions for tax positions of prior years | 5 | 12
reductions for tax positions of prior years | -11 ( 11 ) | -11 ( 11 )
settlements | -10 ( 10 ) | -4 ( 4 )
lapse of statute of limitations | -3 ( 3 ) | -1 ( 1 )
acquisitions | 6 | 21
foreign currency translation | 2 | -6 ( 6 )
balance at december 31 | $ 77 | $ 86
as of december 31 , 2009 , $ 61 million of unrecognized tax benefits would impact the effective tax rate if recognized .
aon does not expect the unrecognized tax positions to change significantly over the next twelve months .
the company recognizes penalties and interest related to unrecognized income tax benefits in its provision for income taxes .
aon accrued potential penalties of less than $ 1 million during each of 2009 , 2008 and 2007 .
aon accrued interest of $ 2 million during 2009 and less than $ 1 million during both 2008 and 2007 .
as of december 31 , 2009 and 2008 , aon has recorded a liability for penalties of $ 5 million and $ 4 million , respectively , and for interest of $ 18 million and $ 14 million , respectively .
aon and its subsidiaries file income tax returns in the u.s .
federal jurisdiction as well as various state and international jurisdictions .
aon has substantially concluded all u.s .
federal income tax matters for years through 2006 .
material u.s .
state and local income tax jurisdiction examinations have been concluded for years through 2002 .
aon has concluded income tax examinations in its primary international jurisdictions through 2002. .

Question: considering the years 2008 and 2009 , what is the increase observed in the liability for interest?
Answer: 28.57%
Calculation: divide(18, 14), subtract(#0, const_1)
The following table presents information related to our credit agreements (dollars in thousands):
(1) Excludes the amortization of deferred loan fees and includes the commitment fee.
In January 2018, the Company repaid $175.0 million of long-term debt outstanding under its 2015 Credit Agreement, primarily using funds repatriated from its foreign subsidiaries.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Average daily utilization | $87,800 | $106,189 | $268,775
Interest expense (1) | $3,465 | $3,817 | $6,668
Weighted average interest rate (1) | 3.9% | 3.6% | 2.5%


Question: In which year was the amount of Interest expense the smallest?
Answer: 2019
Calculation: 3,465<3,817<6,668
Interest Expense
Interest expense includes interest on total long-term debt. The following table presents the amount of gross interest expense, net of capitalized interest:
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
 |  | (Dollars in millions) | 
Interest expense: |  |  | 
Gross interest expense | $2,093 | 2,230 | 1,559
Capitalized interest | (72) | (53) | (78)
Total interest expense | $2,021 | 2,177 | 1,481


Question: Which year has the largest total interest expense?
Answer: 2018
Calculation: 2,177>2,021>1,481
During 2019, 2018 and 2017, no income tax benefit or expense was recorded for stock options exercised as an adjustment to equity.
The change in the unrecognized income tax benefits for the years ended December 31, 2019, 2018 and 2017 is reconciled below:
As of December 31, 2019, 2018 and 2017, our total liability for unrecognized tax benefits was $1.5 million, $1.9 million and $2.4 million, respectively, of which $1.4 million, $1.7 million and $2.2 million, respectively, would reduce our effective tax rate if we were successful in upholding all of the uncertain positions and recognized the amounts recorded. We classify interest and penalties recognized on the liability for unrecognized tax benefits as income tax expense. As of December 31, 2019, 2018 and 2017, the balances of accrued interest and penalties were $0.5 million, $0.7 million and $0.8 million, respectively.
We do not anticipate a single tax position generating a significant increase or decrease in our liability for unrecognized tax benefits within 12 months of this reporting date. We file income tax returns in the U.S. for federal and various state jurisdictions and several foreign jurisdictions. We are not currently under audit by the Internal Revenue Service. Generally, we are not subject to changes in income taxes by any taxing jurisdiction for the years prior to 2016.
Table:
(In thousands) | 2019 | 2018 | 2017
Balance at beginning of period | $1,868 | $2,366 | $2,226
Increases for tax position related to: |  |  | 
Prior years | — | 3 | 465
Current year | 161 | 254 | 285
Decreases for tax positions related to: |  |  | 
Prior years | (71) | — | (14)
Expiration of applicable statute of limitations | (471) | (755) | (596)
Balance at end of period | $1,487 | $1,868 | $2,366


Question: What was the percentage change in the expiration of applicable statute of limitations between 2017 and 2018?
Answer: 26.68
Calculation: (-755-(-596))/-596
3.2 Capital risk management
The Group’s objectives on managing capital are to safeguard the Group’s ability to continue as a going concern and support the sustainable growth of the Group in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to enhance shareholders’ value in the long term.
Capital refers to equity and external debts (including borrowings and notes payable). In order to maintain or adjust the capital structure, the Group may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares, repurchase the Company’s shares or raise/repay debts.
The Group monitors capital by regularly reviewing debts to adjusted earnings before interest, tax, depreciation and amortisation (“EBITDA”) (Note) ratio, being the measure of the Group’s ability to pay off all debts that reflects financial health and liquidity position. The total debts/adjusted EBITDA ratio calculated by dividing the total debts by adjusted EBITDA is as follows:
Note: Adjusted EBITDA represents operating profit less interest income and other gains/(losses), net, and adding back depreciation of property, plant and equipment, investment properties as well as right-of-use assets, amortisation of intangible assets and equitysettled share-based compensation expenses.
Table:
 | As at 31 December | 
 | 2019 | 2018
 | RMB’Million | RMB’Million
Borrowings (Note 35) | 126,952 | 114,271
Notes payable (Note 36) | 93,861 | 65,018
Total debts | 220,813 | 179,289
Adjusted EBITDA (Note) | 147,395 | 118,273
Total debts/Adjusted EBITDA ratio | 1.50 | 1.52


Question: What is the amount of borrowings as at 31 December 2019?
Answer: 126,952
Presentation of Derivative Gains (Losses) for Economic Hedges of Forecasted Cash Flows in Segment Results
Derivatives used to manage commodity price risk and foreign currency risk are not designated for hedge accounting treatment. We believe these derivatives provide economic hedges of certain forecasted transactions. As such, these derivatives are recognized at fair market value with realized and unrealized gains and losses recognized in general corporate expenses. The gains and losses are subsequently recognized in the operating results of the reporting segments in the period in which the underlying transaction being economically hedged is included in earnings. In the event that management determines a particular derivative entered into as an economic hedge of a forecasted commodity purchase has ceased to function as an economic hedge, we cease recognizing further gains and losses on such derivatives in corporate expense and begin recognizing such gains and losses within segment operating results, immediately.
The following table presents the net derivative gains (losses) from economic hedges of forecasted commodity consumption and the foreign currency risk of certain forecasted transactions, under this methodology:
As of May 26, 2019, the cumulative amount of net derivative gains from economic hedges that had been recognized in general corporate expenses and not yet allocated to reporting segments was $1.4 million. This amount reflected net gains of $1.0 million incurred during the fiscal year ended May 26, 2019, as well as net gains of $0.4 million incurred prior to fiscal 2019. Based on our forecasts of the timing of recognition of the underlying hedged items, we expect to reclassify to segment operating results gains of $0.9 million in fiscal 2020 and $0.5 million in fiscal 2021 and thereafter.
Notes to Consolidated Financial Statements - (Continued) Fiscal Years Ended May 26, 2019, May 27, 2018, and May 28, 2017 (columnar dollars in millions except per share amounts)
Table:
 | 2019 | 2018 | 2017
Net derivative gains (losses) incurred | $(3.6) | $(0.9) | $0.6
Less: Net derivative gains (losses) allocated to reporting segments | (1.8) | (7.1) | 5.7
Net derivative gains (losses) recognized in general corporate expenses | $(1.8) | $6.2 | $(5.1)
Net derivative gains (losses) allocated to Grocery & Snacks | $(2.1) | $0.2 | $3.4
Net derivative gains (losses) allocated to Refrigerated & Frozen | (1.1) | (0.3) | 0.8
Net derivative gains (losses) allocated to International | 2.8 | (6.9) | 1.6
Net derivative losses allocated to Foodservice | (0.6) | (0.1) | —
Net derivative losses allocated to Pinnacle Foods | (0.8) | — | —
Net derivative losses allocated to Commercial | — | — | (0.1)
Net derivative gains (losses) included in segment operating profit | $(1.8) | $(7.1) | $5.7


Question: What is the average net derivative gains (losses) allocated to Grocery & Snacks from 2017 to 2019?
Answer: 0.5
Calculation: (-2.1+0.2+3.4)/3
Investing Cash Flow Activities
Year Ended December 31, 2019 Compared with the Year Ended December 31, 2018
Net cash used in investing activities – continuing operations during the year ended December 31, 2019 resulted from the absence of the sale of businesses compared to prior year. The sale of Netsmart and OneContent produced significant investing cash inflows during 2018, which was partially offset with cash paid for the acquisitions of Practice Fusion and Health Grid. Capital expenditures also decreased in 2019 compared with prior year.
Year Ended December 31, 2018 Compared with the Year Ended December 31, 2017
We had cash inflows from investing activities – continuing operations during the year ended December 31, 2018 compared with cash outflows from investing activities – continuing operations during the year ended December 31, 2017, which was primarily driven by cash proceeds of $567 million from the sale of our investment in Netsmart and $241 million of net cash proceeds from the divestiture of the OneContent business during 2018.
Cash used in investing activities also included the purchase of Practice Fusion and Health Grid, which were mostly offset by lower overall capital expenditures during 2018.
Net cash used in investing activities – discontinued operations increased during the year ended December 31, 2018 compared with the prior year, primarily due to larger business acquisitions completed by Netsmart during 2018.
Table:
 |  | Year Ended December 31, |  |  | 
(In thousands) | 2019 | 2018 | 2017 | 2019 $ Change from 2018 | 2018 $ Change from 2017
Capital expenditures | $(16,600) | $(31,309) | $(38,759) | $14,709 | $7,450
Capitalized software | (113,836) | (113,308) | (118,241) | (528) | 4,933
Cash paid for business acquisitions, net of cash acquired | (23,443) | (177,233) | (169,823) | 153,790 | (7,410)
Cash received from sale of businesses, net | 0 | 807,764 | 0 | (807,764) | 807,764
Purchases of equity securities, other investments and related intangible assets, net | (7,191) | (16,934) | (5,606) | 9,743 | (11,328)
Other proceeds from investing activities | 14 | 54 | 215 | (40) | (161)
Net cash (used in) provided by investing activities - continuing operations | (161,056) | 469,034 | (332,214) | (630,090) | 801,248
Net cash used in investing activities - discontinued operations | 0 | (221,021) | (80,758) | 221,021 | (140,263)
Net cash (used in) provided by investing activities | $(161,056) | $248,013 | $(412,972) | $(409,069) | $660,985


Question: What is the average Capital expenditures, for the year 2019 to 2018?
Answer: -23954.5
Calculation: -(16,600+31,309) / 2
The following table provides a reconciliation from U.S. GAAP Net income to non-GAAP Adjusted net income (amounts in thousands):
(1) Fiscal years ending March 31, 2018 and 2017 adjusted due to the adoption of ASC 606.
(2) $0.9 million in costs incurred during fiscal year 2018 related to the relocation of the Company's tantalum powder facility equipment from Carson City, Nevada to its existing Matamoros, Mexico plant were reclassified from “Plant start-up costs” to “Restructuring charges” during fiscal year 2019.
Table:
 |  | Fiscal Years Ended March 31, | 
 | 2019 | 2018 | 2017
Net income (GAAP) (1) | $206,587 | $254,127 | $47,157
Non-GAAP adjustments: |  |  | 
Equity (income) loss from equity method investments | 3,304 | (76,192) | (41,643)
Acquisition (gain) loss | — | (130,880) | —
Change in value of TOKIN options | — | — | (10,700)
(Gain) loss on write down and disposal of long-lived assets | 1,660 | (992) | 10,671
Restructuring charges (2) | 8,779 | 14,843 | 5,404
R&D grant reimbursements and grant income | (4,559) | — | —
ERP integration costs/IT transition costs | 8,813 | 80 | 7,045
Stock-based compensation | 12,866 | 7,657 | 4,720
Legal expenses/fines related to antitrust class actions | 11,896 | 16,636 | 2,640
Net foreign exchange (gain) loss | (7,230) | 13,145 | (3,758)
TOKIN investment-related expenses | — | — | 1,101
Plant start-up costs (2) | (927) | 929 | 427
Amortization included in interest expense | 1,872 | 2,467 | 761
Income tax effect of non-GAAP adjustments | (50,012) | (30) | (741)
Loss on early extinguishment of debt | 15,946 | 486 | —
Adjusted net income (non-GAAP) (1) | $208,995 | $102,276 | $23,084


Question: What was the net income (GAAP) in 2019?
Answer: 206,587