hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Sales and Distribution
We maintain a strong local presence in each of the geographic regions in which we operate. Our net sales by geographic region(1) as a percentage of our total net sales were as follows:
(1) Net sales to external customers are attributed to individual countries based on the legal entity that records the sale.
We sell our products into approximately 150 countries primarily through direct selling efforts to manufacturers. In fiscal 2019, our direct sales represented approximately 80% of total net sales. We also sell our products indirectly via third-party distributors.
We maintain distribution centers around the world. Products are generally delivered to the distribution centers by our manufacturing facilities and then subsequently delivered to the customer. In some instances, however, products are delivered directly from our manufacturing facility to the customer. Our global coverage positions us near our customers’ locations and allows us to assist them in consolidating their supply base and lowering their production costs. We contract with a wide range of transport providers to deliver our products globally via road, rail, sea, and air. We believe our balanced sales distribution lowers our exposure to any particular geography and improves our financial profile.
Table:
 |  | Fiscal | 
 | 2019 | 2018 | 2017
Europe/Middle East/Africa (“EMEA”) | 36 % | 38 % | 36 %
Asia–Pacific | 33 | 34 | 35
Americas | 31 | 28 | 29
Total | 100 % | 100 % | 100 %


Question: What was the average net sales in Asia-Pacific as a percentage of total net sales across 2017, 2018 and 2019?
Answer: 34
Calculation: (33+34+35)/3
Netsmart Discontinued Operation
On December 31, 2018, we sold all of the Class A Common Units of Netsmart held by the Company in exchange for $566.6 million in cash plus a final settlement as determined following the closing.
Prior to the sale, Netsmart comprised a separate reportable segment, which due to its significance to our historical consolidated financial statements and results of operations, is reported as a discontinued operation as a result of the sale. Refer to Note 4, “Business Combinations and Other Investments” for additional information about this transaction.
The following table summarizes Netsmart’s major income and expense line items as reported in the consolidated statements of operations for the years ended December 31, 2018 and 2017:
(1) Activity includes both Netsmart and intercompany transactions that would not have been eliminated if Netsmart’s results were not consolidated.
Table:
 | Year ended December 31, | 
(In thousands) | 2018 | 2017
Major income and expense line items related to Netsmart: |  | 
Revenue: |  | 
Software delivery, support and maintenance | $214,065 | $198,204
Client services | 131,166 | 110,430
Total revenue | 345,231 | 308,634
Cost of revenue: |  | 
Software delivery, support and maintenance | 60,100 | 51,079
Client services | 94,061 | 78,317
Amortization of software development and acquisition related assets | 34,357 | 29,876
Total cost of revenue | 188,518 | 159,272
Gross profit | 156,713 | 149,362
Selling, general and administrative expenses | 125,807 | 85,583
Research and development | 25,315 | 17,937
Amortization of intangible and acquisition-related assets | 24,029 | 16,409
Income from discontinued operations of Netsmart | (18,438) | 29,433
Interest expense | (59,541) | (49,939)
Other income | 101 | 925
Loss from discontinued operations of Netsmart before income taxes | (77,878) | (19,581)
Income tax benefit | 22,933 | 45,253
(Loss) income from discontinued operations, net of tax for Netsmart | $(54,945) | $25,672


Question: What was the Client services revenue in 2018?
Answer: 131,166
Prepaid expenses and other current assets
Prepaid expenses and other current assets consisted of the following at December 31, 2019 and 2018 (in thousands):
(1) In November 2014 and February 2016, we entered into a term loan agreement and a convertible loan agreement, respectively, with Clean Energy Collective, LLC (“CEC”). Our term loan bears interest at 16% per annum, and our convertible loan bears interest at 10% per annum. In November 2018, we amended the terms of the loan agreements to (i) extend their maturity to June 2020, (ii) waive the conversion features on our convertible loan, and (iii) increase the frequency of interest payments, subject to certain conditions. In January 2019, CEC finalized certain restructuring arrangements, which resulted in a dilution of our ownership interest in CEC and the loss of our representation on the company’s board of managers. As a result of such restructuring, CEC no longer qualified to be accounted for under the equity method. As of December 31, 2019, the aggregate balance outstanding on the loans was $23.9 million and was presented within “Prepaid expenses and other current assets.” As of December 31, 2018, the aggregate balance outstanding on the loans was $22.8 million and was presented within “Notes receivable, affiliate.”
(2) See Note 9. “Derivative Financial Instruments” to our consolidated financial statements for discussion of our derivative instruments.
Table:
 | 2019 | 2018
Prepaid expenses | $137,927 | $90,981
Prepaid income taxes . | 47,811 | 59,319
Indirect tax receivables . | 29,908 | 26,327
Restricted cash | 13,697 | 19,671
Notes receivable (1) | 23,873 | 5,196
Derivative instruments (2) . | 1,199 | 2,364
Other current assets | 22,040 | 39,203
Prepaid expenses and other current assets | $276,455 | $243,061


Question: What is the percentage increase in total prepaid expenses and other current assets from 2018 to 2019?
Answer: 13.74
Calculation: (276,455- 243,061)/243,061
Operating Income
Our operating income in fiscal year 2018 increased to $189.3 million, or 8.8 percent of net sales as compared with $121.5 million, or 6.8 percent in net sales in fiscal year 2017. Excluding surcharge revenue and special items, adjusted operating margin was 10.6 percent for the fiscal year 2018 and 8.0 percent for fiscal year 2017. The increase in the operating margin reflects the stronger demand and improved product mix coupled with operating cost improvements partially offset by higher variable compensation expense compared to fiscal year 2017.
Operating income has been impacted by special items. The following presents our operating income and operating margin, in each case excluding the impact of surcharge on net sales and the loss on divestiture of business. We present and discuss these financial measures because management believes removing the impact of these items provides a more consistent and meaningful basis for comparing results of operations from period to period. See the section “Non-GAAP Financial Measures” below for further discussion of these financial measures.
Table:
 | Fiscal Year | 
($ in millions) | 2018 | 2017
Net sales | $2,157.7 | $1,797.6
Less: surcharge revenue | 365.4 | 239.2
Net sales excluding surcharge revenue | $1,792.3 | $1,558.4
Operating income | $189.3 | $121.5
Special items: |  | 
Loss on divestiture of business | — | 3.2
Adjusted operating income excluding special items | $189.3 | $124.7
Operating margin | 8.8% | 6.8%
Adjusted operating margin excluding surcharge revenue and special items | 10.6% | 8.0%


Question: What was operating income in 2018?
Answer: $189.3 million
We recorded a liability for unrecognized tax positions. The aggregate changes in the balance of our gross unrecognized tax benefits were as follows for the years ended March 31:
As of March 31, 2019, we had a liability of $0.6 million related to uncertain tax positions, the recognition of which would affect our effective income tax rate.
Although the timing and outcome of tax settlements are uncertain, it is reasonably possible that during the next 12 months an immaterial reduction in unrecognized tax benefits may occur as a result of the expiration of various statutes of limitations. We are routinely audited and the outcome of tax examinations could also result in a reduction in unrecognized tax benefits. Other changes could occur in the amount of gross unrecognized tax benefits during the next 12 months which cannot be estimated at this time.
We recognize interest accrued on any unrecognized tax benefits as a component of income tax expense. Penalties are recognized as a component of general and administrative expenses. We recognized interest and penalty expense of less than $0.1 million for the years ended March 31, 2019, 2018 and 2017. As of March 31, 2019 and 2018, we had approximately $0.5 million and $0.8 million of interest and penalties accrued.
In the U.S. we file consolidated federal and state income tax returns where statutes of limitations generally range from three to five years. Although we have resolved examinations with the IRS through tax year ended March 31, 2010, U.S. federal tax years are open from 2006 forward due to attribute carryforwards.
The statute of limitations is open from fiscal year 2012 forward in certain state jurisdictions. We also file income tax returns in international jurisdictions where statutes of limitations generally range from three to seven years. Years beginning after 2008 are open for examination by certain foreign taxing authorities.
Table:
(In thousands) | 2019 | 2018 | 2017
Balance at April 1 | $687 | $988 | $1,617
Reductions: |  |  | 
Relating to positions taken during prior year | — | (300) | (604)
Relating to lapse in statute | (107) | (1) | (25)
Balance at March 31 | $580 | $687 | $988


Question: What was the average relating to lapse in statute for 2017-2019?
Answer: -44.33
Calculation: -(107 + 1 + 25) / 3
table of content part ii item 5 . market for the registrant's common equity , related stockholder matters and issuer purchases of equity securities our common stock is traded on the new york stock exchange under the trading symbol 201chfc . 201d in september 2018 , our board of directors approved a $ 1 billion share repurchase program , which replaced all existing share repurchase programs , authorizing us to repurchase common stock in the open market or through privately negotiated transactions . the timing and amount of stock repurchases will depend on market conditions and corporate , regulatory and other relevant considerations . this program may be discontinued at any time by the board of directors . the following table includes repurchases made under this program during the fourth quarter of 2018 . period total number of shares purchased average price paid per share total number of shares purchased as part of publicly announced plans or programs maximum dollar value of shares that may yet be purchased under the plans or programs .

Table:
period | total number ofshares purchased | average pricepaid per share | total number ofshares purchasedas part of publicly announced plans or programs | maximum dollarvalue of sharesthat may yet bepurchased under the plans or programs
october 2018 | 1360987 | $ 66.34 | 1360987 | $ 859039458
november 2018 | 450000 | $ 61.36 | 450000 | $ 831427985
december 2018 | 912360 | $ 53.93 | 810000 | $ 787613605
total for october to december 2018 | 2723347 |  | 2620987 | 
during the quarter ended december 31 , 2018 , 102360 shares were withheld from certain executives and employees under the terms of our share-based compensation agreements to provide funds for the payment of payroll and income taxes due at vesting of restricted stock awards .
as of february 13 , 2019 , we had approximately 97419 stockholders , including beneficial owners holding shares in street name .
we intend to consider the declaration of a dividend on a quarterly basis , although there is no assurance as to future dividends since they are dependent upon future earnings , capital requirements , our financial condition and other factors. .

Question: for the quarter ended december 312018 what was the percentage of shares acquired in december
Answer: 33.5%
Calculation: divide(912360, 2723347)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
Contract Assets and Liabilities
Contract assets and liabilities included in our Consolidated Balance Sheets are as follows:
During the twelve months ended December 31, 2019, we recognized revenues of $256 that was included in contract liabilities at the beginning of the period.
Table:
 | As of December 31, | 
 | 2019 | 2018
Contract Assets |  | 
Prepaid rebates included in Other current assets | $64 | $65
Prepaid rebates included in Other assets | 1,853 | 999
Total Contract Assets | $1,917 | $1,064
Contract Liabilities |  | 
Customer discounts and price concessions included in Accrued expenses and other liabilities | $(2,070) | $(1,656)
Customer rights of return included in Accrued expenses and other liabilities | (807) | (325)
Total Contract Liabilities | $(2,877) | $(1,981)


Question: Which years does the table provide information for the company's Contract assets and liabilities?
Answer: 2019, 2018
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: What was the Weighted average grant-date fair value in 2018 and 2017 respectively?
Answer: $13.85, $11.53
As lessee — We lease restaurants and other facilities, which generally have renewal clauses of 1 to 20 years exercisable at our option. In some instances, these leases have provisions for contingent rentals based upon a percentage of defined revenues. Many of our restaurant and other facility leases also have rent escalation clauses and require the payment of property taxes, insurance, and maintenance costs. We also lease certain restaurant and office equipment. Minimum rental obligations are accounted for on a straight-line basis over the term of the initial lease, plus lease option terms for certain locations.
The components of rent expense were as follows in each fiscal year (in thousands):
Table:
 | 2019 | 2018 | 2017
Minimum rentals | $184,587 | $184,106 | $185,696
Contingent rentals | 2,255 | 2,221 | 2,419
Total rent expense | 186,842 | 186,327 | 188,115
Less rental expense on subleased properties | (170,651) | (162,640) | (145,728)
Net rent expense | $16,191 | $23,687 | $42,387


Question: What is the value of minimum rentals in 2019?
Answer: $184,587
18. Geographic Information
Property and equipment, net by geography was as follows:
No individual international country represented more than 10% of property and equipment, net in any period presented.
Table:
 | Year Ended December31, | 
 | 2019 | 2018
U.S. | 200.4 | 231.0
International | 58.2 | 68.0
 | $258.6 | $299.0


Question: Which financial years' information is shown in the table?
Answer: 2018, 2019
Our revenues for 2019 include $1.9 million related to the acquired MGI business. Our net loss for 2019 includes $0.3 million of net loss from the acquired MGI business. The following table provides unaudited pro forma information for the periods presented as if the MGI acquisition had occurred January 1, 2018.
No adjustments have been made in the pro forma information for synergies that are resulting or planned from the MGI acquisition. The unaudited proforma information is not indicative of the results that may have been achieved had the companies been combined as of January 1, 2018, or of our future operating results.
Table:
 | Year Ended December 31 | 
 | 2019 | 2018
Revenues (in thousands) | $ 224,913 | $ 17,542
Loss from continuing operations (in thousands) | $ (13,432) | $ ( 7,792)
Loss per share - continuing operations | $           (0.42) | $          ( 0.35)
Weighted average number of common shares outstanding - basic and diluted | 32,359,316 | 22,099,149


Question: What is the change in loss per share between 2018 and 2019?
Answer: -0.07
Calculation: -0.42 + 0.35
Net periodic benefit expense for our post-retirement benefit plans includes the following components:
We report service costs for our Combined Pension Plan and post-retirement benefit plans in cost of services and products and selling, general and administrative expenses in our consolidated statements of operations for the years ended December 31, 2019, 2018 and 2017. Additionally, a portion of the service cost is also allocated to certain assets under construction, which are capitalized and reflected as part of property, plant and equipment in our consolidated balance sheets. The remaining components of net periodic benefit expense (income) are reported in other income, net in our consolidated statements of operations. As a result of ongoing efforts to reduce our workforce, we recognized a one-time charge in 2019 of $6 million and in 2018 of $15 million for special termination benefit enhancements paid to certain eligible employees upon voluntary retirement.
Table:
 | Post-Retirement Plans |  | 
 | Years Ended December 31, |  | 
 | 2019 | 2018 | 2017
 | (Dollars in milions) |  | 
Service cost | $15 | 18 | 18
Interest cost | 110 | 97 | 100
Expected return on plan assets | (1) | (1) | (2)
Recognition of prior service cost | 16 | 20 | 20
Net periodic post-retirement benefit expense | $140 | 134 | 136


Question: What is the average amount of service costs across 2017, 2018 and 2019?
Answer: 17
Calculation: (15+18+18)/3
Item 6. Selected Consolidated Financial Data
The following table presents selected consolidated financial data as of and for the five-year period ended December 31, 2019. Our past results of operations are not necessarily indicative of our future results of operations. The following selected consolidated financial data is qualified in its entirety by, and should be read in conjunction with, “Management's Discussion and Analysis of Financial Condition and Results of Operations” and the consolidated financial statements and the notes thereto included elsewhere herein.
Consolidated Statement of Operations Data:
Table:
 |  |  | Year Ended December 31, |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
 |  |  | (In thousands, except per share data) |  | 
Revenues | $111,412 | $111,322 | $106,524 | $114,263 | $123,961
Income from operations | 9,464 | 8,238 | 4,545 | 10,186 | 3,820
Income from continuing operations, net of taxes | 4,155 | 4,661 | 1,592 | 6,007 | 8,523
Income from discontinued operations, net of taxes | — | — | 1,938 | 624 | 2,341
Net income | $4,155 | $4,661 | $3,530 | $6,631 | $10,864
Income per share—basic: |  |  |  |  | 
Continuing operations | $0.35 | $0.38 | $0.12 | $0.43 | $0.58
Discontinued operations | — | — | 0.15 | 0.04 | 0.16
Net income per share | $0.35 | $0.38 | $0.27 | $0.47 | $0.74
Income per share—diluted: |  |  |  |  | 
Continuing operations | $0.35 | $0.37 | $0.12 | $0.43 | $0.58
Discontinued operations | — | — | 0.15 | 0.04 | 0.16
Net income per share | $0.35 | $0.37 | $0.27 | $0.47 | $0.74
Shares used in per share calculation from continuing operations —basic | 11,809 | 12,323 | 12,882 | 13,997 | 14,722
Shares used in per share calculation from discontinued operations —basic | 11,809 | 12,323 | 12,882 | 13,997 | 14,722
Shares used in per share calculation from continuing operations—diluted | 12,035 | 12,510 | 12,894 | 13,997 | 14,722
Shares used in per share calculation from discontinuing operations—diluted | 12,035 | 12,510 | 12,894 | 13,997 | 14,722


Question: What does the table show?
Answer: selected consolidated financial data as of and for the five-year period ended December 31, 2019
ITEM 6. SELECTED FINANCIAL DATA
The following selected consolidated financial data should be read together with our consolidated financial statements and accompanying notes and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” appearing elsewhere in this report. The selected consolidated financial data in this section is not intended to replace our consolidated financial statements and the accompanying notes. Our historical results are not necessarily indicative of our future results.
We derived the consolidated statements of operations data for the fiscal years ended December 31, 2019, 2018 and 2017 and the consolidated balance sheets data as of December 31, 2019 and 2018 from our audited consolidated financial statements appearing elsewhere in this report. The consolidated statement of operations data for the years ended December 31, 2016 and 2015 and the consolidated balance sheet data as of December 31, 2017, 2016 and 2015 have been derived from our audited consolidated financial statements, which are not included in this report.
Table:
 | Year Ended December 31, |  |  |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
Consolidated Statement of Operations Data |  |  | (Dollars in thousands except share and per share data) |  | 
Net sales | $ 245,862 | $193,237 | $152,359 | $129,707 | $113,505
Cost of goods sold | 131,665 | 103,247 | 79,943 | 69,336 | 58,856
Gross profit | 114,197 | 89,990 | 72,416 | 60,371 | 54,649
Selling, general and administrative expenses | 114,450 | 94,876 | 75,167 | 62,586 | 58,297
Loss from operations | (253) | (4,886) | (2,751) | (2,215) | (3,648)
Other income (expenses), net | 5 | (102) | (525) | (182) | 449
Interest expense | (991) | (296) | (910) | (698) | (455)
Loss before income taxes | (1,239) | (5,284) | (4,187) | (3,095) | (3,653)
Income tax expense | 144 | 77 | 75 | 66 | 58
Net loss attributable to common stockholders | $(1,383) | $(5,361) | $(4,262) | $(3,161) | $(3,711)
Net loss per share |  |  |  |  | 
Basic | $(0.04) | $(0.15) | $(0.12) | $(0.09) | $(0.11)
Diluted | $(0.04) | $(0.15) | $(0.12) | $(0.09) | $(0.11)
Weighted Average shares of common stock outstanding |  |  |  |  | 
Basic | 35,950,117 | 35,329,170 | 34,487,239 | 33,674,416 | 33,497,940
Diluted | 35,950,117 | 35,329,170 | 34,487,239 | 33,674,416 | 33,497,940


Question: What is the net loss per basic share as at each financial year end between 2015-2019 respectively?
Answer: $(0.11), $(0.09), $(0.12), $(0.15), $(0.04)