hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Note 11. Share-Based Compensation
A summary of share-based compensation expense recognized in the Company’s Consolidated Statements of Operations is as follows (in thousands):
Table:
 |  | Year ended December 31, | 
 | 2019 | 2018 | 2017
Cost of revenues | $8,741 | $4,982 | $3,735
Research and development | 23,132 | 14,975 | 9,550
Sales and marketing | 38,325 | 27,324 | 16,015
General and administrative | 31,156 | 20,807 | 12,760
Total share-based compensation expense | $101,354 | 68,088 | 42,060


Question: What is the average share-based compensation expense spent on sales and marketing per year between 2017 to 2019?
Answer: 27221.33
Calculation: (38,325 + 27,324 + 16,015)/3
Amounts recognized in Accumulated other comprehensive income (loss) at March 31, 2019 and 2018 consist of the following (amounts in thousands):
Although not reflected in the table above, the tax effect on the pension balances was $2.4 million and $2.3 million as of March 31, 2019 and 2018, respectively.
Table:
 | Pension |  | Other Benefits | 
 | 2019 | 2018 | 2019 | 2018
Net actuarial loss (gain) | $16,864 | $15,691 | $(793) | $(879)
Prior service cost | 1,325 | 1,413 | — | —
Accumulated other comprehensive (income) loss | $18,189 | $17,104 | $(793) | $(879)


Question: What was the percentage change in the prior service cost for Pension between 2018 and 2019?
Answer: -6.23
Calculation: (1,325-1,413)/1,413
Sales and Marketing
Sales and marketing expenses increased $3.1 million, or 1%, in 2019 as compared to 2018. As a percentage of revenue, sales and marketing expense decreased by approximately two percentage points, resulting from the 2018 Reallocation, increased cost efficiency, and leverage realized from changes to our sales commission plans as we continued our efforts to strategically scale our sales teams and improve their productivity.
Sales and marketing expenses decreased $15.6 million, or 7%, in 2018 as compared to 2017. As a percentage of revenue, sales and marketing expense decreased by approximately eight percentage points, primarily resulting from a combination of increased cost efficiency, reduction in headcount as part of our restructuring activities, and leverage realized from changes to our sales commission plans as we continued our efforts to strategically scale our sales teams and improve their productivity.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
 |  | (dollars in thousands) | 
Sales and marketing | $227,733 | $224,635 | $240,271
Percent of revenue | 39.5% | 41.8% | 49.9%


Question: What was the sales and marketing expense in 2017?
Answer: $240,271
In November 2017, GMSL acquired the trenching and cable laying services business from Fugro N.V. ("Fugro"). As part of the transaction, Fugro became a 23.6% holder of GMSL's parent, Global Marine Holdings, LLC ("GMH"). GMSL, in the normal course of business, incurred revenue and expenses with Fugro for various services.
For the years ended December 31, 2019 and 2018, GMSL recognized $11.3 million and $9.3 million respectively, of expenses for transactions with Fugro. For the year ended December 31, 2019 GMSL recognized $0.8 million of revenues. The parent company of GMSL, GMH, incurred management fees of $0.6 million for each of the years ended December 31, 2019 and 2018.
GMSL also has transactions with several of their equity method investees. A summary of transactions with such equity method investees and balances outstanding are as follows (in millions):
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Net revenue | $ 6.4 | $ 21.8
Operating expenses | $ 1.0 | $ 4.8
Interest expense | $ 1.0 | $ 1.3
 | December 31, | 
 | 2019 | 2018
Accounts receivable | $ 1.2 | $ 5.0
Long-term obligations | $ 22.5 | $ 28.5
Accounts payable | $ 0.1 | $ 2.2
Dividends | $ 4.5 | $ 25.8


Question: What is the average operating expenses?
Answer: 2.9
Calculation: (1.0 + 4.8) / 2
5. Goodwill and Purchased Intangible Assets
(b) Purchased Intangible Assets
The following table presents the amortization of purchased intangible assets (in millions):
Table:
Years Ended | July 27, 2019 | July 28, 2018 | July 29, 2017
Amortization of purchased intangible assets: |  |  | 
Cost of sales . | $624 | $640 | $556
Operating expenses |  |  | 
Amortization of purchased intangible assets | 150 | 221 | 259
Restructuring and other charges | — | — | 38
Total  . | $774 | $861 | $853


Question: What was the total amortization of purchased intangible assets in 2018?
Answer: 861
Total Other (Income) Expense, Net
Total other income for the year ended December 31, 2019 was $6.6 million compared to $0.5 million of other expense for the year ended December 31,
2018. Interest income increased due to interest earned on investing our public offering cash proceeds. Interest expense decreased due to having no outstanding borrowings during the year ended December 31, 2019. We discuss borrowings under “Liquidity and Capital Resources” below. Other (income) expense, net was $0.9 million other income in the year ended December 31, 2019 compared to $0.6 million of other income in the year ended December 31, 2018, primarily due to our earnout liabilities. We estimate the fair value of earnout liabilities related to business combinations quarterly. During the year ended December 31, 2019, the adjustments to fair value decreased the carrying value of the earnout liability for our acquisition of Indix, resulting in other income of $1.7 million, partially offset by an increase in the carrying value of the earnout liabilities for our acquisitions of Compli and Portway, which resulted in other expense of $0.6 million. The fair value of the Indix acquisition earnout liability decreased at December 31, 2019, from the fair value at acquisition in February 2019, due primarily to the last three earnout milestones, which are nonfinancial, being more difficult to complete within the required timeframe than initially assessed. During the year ended December 31, 2018, the adjustments to fair value decreased the carrying value of the earnout liabilities for prior acquisitions, resulting in other income of $0.4 million.
Table:
 |  | For the Year Ended December 31, |  |  |  | 
 |  | 2019 |  | 2018 | $ Change | 
 | As reported (ASC 606) | Impacts from Adoption | Without Adoption (ASC 605) | As Reported (ASC 605) | As Reported | Without Adoption
 |  | (dollars in thousands) |  |  |  | 
Other (income) expense, net |  |  |  |  |  | 
Interest income | $(6,037) | $ - | $(6,037) | $(1,553) | $(4,484) | $(4,484)
Interest expense | 289 | - | 289 | 2,608 | (2,319) | (2,319)
Other (income) expense, net | (865) | - | (865) | (583) | (282) | (282)
Total other (income) expense, net | $(6,613) | $ - | $(6,613) | $472 | $(7,085) | $(7,085)


Question: What is the value of the 2018 as reported value as a percentage of the 2019 as reported value of total net other (income) expense?
Answer: -7.14
Calculation: 472/-6,613
Gross margin
The Group achieved further gross margin expansion in 2019 with an increase of 1.0 percentage points, to 73.2 per cent from 72.2 per cent in 2018. This followed an increase of 0.7 percentage points last year. Once again, all the operating segments achieved an improvement in gross margin, benefiting from new product launches and a higher proportion of software sales.
Table:
$ million | 2019 | % | 2018 | %
Networks & Security | 232.3 | 72.6 | 205.3 | 72.0
Lifecycle Service Assurance | 88.6 | 79.7 | 87.9 | 77.9
Connected Devices | 47.7 | 65.8 | 51.3 | 64.9
 | 368.6 | 73.2 | 344.5 | 72.2


Question: What was the gross margin in 2018?
Answer: 344.5
Results of Operations
Consolidated Results of Operations
The following tables present certain financial data for the periods indicated (dollars in millions):
Table:
 |  | Year ended December 31, | 
 | 2019 | 2018 | 2017
Revenues | $1,177.2 | $1,114.0 | $1,051.6
Expenses: |  |  | 
Operating expenses | 646.0 | 625.4 | 569.5
Depreciation and amortization | 236.2 | 217.0 | 206.5
Transition and integration costs | 5.4 | 6.6 | 13.1
Total expenses | 887.6 | 849.0 | 789.1
Operating income | 289.6 | 265.0 | 262.5
Operating margin | 24.6% | 23.8% | 25.0%
Interest expense, net | (63.5) | (51.7) | (57.5)
Other expense, net | (1.4) | (7.1) | (12.6)
Earnings before income taxes and equity in losses of unconsolidated affiliates | 224.7 | 206.2 | 192.4
Income tax expense (benefit) | 41.9 | 37.7 | (61.8)
Earnings before equity in losses of unconsolidated affiliates | 182.8 | 168.5 | 254.2
Equity in losses of unconsolidated affiliates, net of tax | (74.0) | — | —
Net earnings | $108.8 | $168.5 | $254.2
Earnings per share: |  |  | 
Net earnings per share attributable to Black Knight common shareholders: |  |  | 
Diluted | $0.73 | $1.14 | $1.47
Weighted average shares of common stock outstanding: |  |  | 
Diluted | 148.6 | 148.2 | 152.4


Question: How many years did the operating margin exceed 20.0%?
Answer: 3
Calculation: 2019##2018##2017
B. Business Overview
Our Fleet
Our fleet currently consists of 23 Suezmax crude oil tankers, of which the vast majority have been built in Korea. The majority of our vessels are employed in the spot market, together with one vessel currently on a longer term time charter agreement expiring in 2021 or later. The vessels are considered homogenous and interchangeable as they have approximately the same freight capacity and ability to transport the same type of cargo.
Table:
Vessel | Built in  | Deadweight Tons   | Delivered to NAT in
Nordic Freedom | 2005 | 159,331 | 2005
Nordic Moon | 2002 | 160,305 | 2006
Nordic Apollo | 2003 | 159,998 | 2006
Nordic Cosmos | 2003 | 159,999 | 2006
Nordic Grace | 2002 | 149,921 | 2009
Nordic Mistral | 2002 | 164,236 | 2009
Nordic Passat | 2002 | 164,274 | 2010
Nordic Vega | 2010 | 163,940 | 2010
Nordic Breeze | 2011 | 158,597 | 2011
Nordic Zenith | 2011 | 158,645 | 2011
Nordic Sprinter | 2005 | 159,089 | 2014
Nordic Skier | 2005 | 159,089 | 2014
Nordic Light | 2010 | 158,475 | 2015
Nordic Cross | 2010 | 158,475 | 2015
Nordic Luna | 2004 | 150,037 | 2016
Nordic Castor | 2004 | 150,249 | 2016
Nordic Sirius | 2000 | 150,183 | 2016
Nordic Pollux | 2003 | 150,103 | 2016
Nordic Star | 2016 | 159,000 | 2016
Nordic Space | 2017 | 159,000 | 2017
Nordic Aquarius | 2018 | 157,000 | 2018
Nordic Cygnus | 2018 | 157,000 | 2018
Nordic Tellus | 2018 | 157,000 | 2018


Question: What is the weight of Nordic Moon as a percentage of the weight of Nordic Apollo?
Answer: 100.19
Calculation: 160,305/159,998
FLNG segment
Total operating revenues: On May 31, 2018, the Hilli was accepted by the Customer and, accordingly, commenced operations. As a result, she generated $127.6 million total operating revenues in relation to her liquefaction services for the year ended December 31, 2018.
Vessel operating expenses: This represents the vessel operating expenses incurred by the Hilli since she commenced operations.
Project development expenses: This relates to non-capitalized project-related expenses comprising of legal, professional and consultancy costs. The increase for the twelve months ended December 31, 2018 was primarily as a result of increased engineering consultation fees and front-end engineering and design costs in relation to the Gimi GTA project.
Depreciation: Subsequent to the Customer's acceptance of the Hilli, we determined her to be operational and, therefore, depreciation commenced during the second quarter of 2018.
Other operating gains: Includes the realized and unrealized gain on the oil derivative instrument. In 2018, we recognized a realized gain of $26.7 million, and an unrealized fair value loss of $10.0 million, relating to the LTA oil derivative instrument as a result of the increased price of Brent Crude during the year. The derivative asset was recognized upon the LTA becoming effective in December 2017. In 2017, we recognized an unrealized fair value gain of $15.1 million.
For the year ended December 31, 2018, this is partially offset by a $1.3 million write off of capitalized conversion costs in relation to the Gandria. In addition, subsequent to the decision to wind down OneLNG, we wrote off $12.7 million of the trading balance with OneLNG as we deem it to be no longer recoverable.
Equity in net losses of affiliates: Pursuant to the formation of OneLNG in July 2016, we equity account for our share of net losses in OneLNG. Given the difficulties in finalizing an attractive debt financing package along with other capital and resource priorities, in April 2018, Golar and Schlumberger decided to wind down OneLNG and work on FLNG projects as required on a case-by-case basis. As a result, activity levels have been substantially reduced for the year ended December 31, 2018 and the carrying value of the investment was written down to $nil.
Table:
 |  | December 31, |  | 
(in thousands of $) | 2018 | 2017 | Change | % Change
Total operating revenues | 127,625 | — | 127,625 | 100%
Vessel operating expenses | (26,317) | (2) | (26,315) | 1,315,750%
Voyage expenses | (1,363) | (121) | (1,242) | 1,026%
Administrative expenses | 175 | (1,736) | 1,911 | (110)%
Project development expenses | (16,526) | (2,506) | (14,020) | 559%
Depreciation and amortization | (28,193) | — | (28,193) | 100%
Other operating gains | 2,749 | 15,100 | (12,351) | (82)%
Operating income | 58,150 | 10,735 | 47,415 | 442%
Equity in net losses of affiliates | (2,047) | (8,153) | 6,106 | (75)%


Question: What are the different components of expenses?
Answer: Vessel operating expenses, Voyage expenses, Administrative expenses, Project development expenses, Depreciation and amortization
The following table summarizes our long-lived assets (consisting of property, plant and equipment) by geography at the end of fiscal 2019, fiscal 2018 and fiscal 2017 (in millions).
We have many suppliers of raw materials and subcontractors which provide our various materials and service needs. We generally seek to have multiple sources of supply for our raw materials and services, but, in some cases, we may rely on a single or limited number of suppliers.
Table:
 |  | March 31, | 
 | 2019 | 2018 | 2017
United States | $521.1 | $393.3 | $388.5
Thailand | 209.3 | 215.5 | 178.0
Various other countries | 266.3 | 159.1 | 116.8
Total long-lived assets | $996.7 | $767.9 | $683.3


Question: Which years does the table provide data for the company's long-lived assets?
Answer: 2019, 2018, 2017
COMMON SHARES AND CLASS B SHARES
BCE’s articles of amalgamation provide for an unlimited number of voting common shares and non-voting Class B shares, all without par value. The common shares and the Class B shares rank equally in the payment of dividends and in the distribution of assets if BCE is liquidated, dissolved or wound up, after payments due to the holders of preferred shares. No Class B shares were outstanding at December 31, 2019 and 2018.
The following table provides details about the outstanding common shares of BCE.
In Q1 2018, BCE repurchased and canceled 3,085,697 common shares for a total cost of $175 million through a NCIB. Of the total cost, $69 million represents stated capital and $3 million represents the reduction of the contributed surplus attributable to these common shares. The remaining $103 million was charged to the deficit.
CONTRIBUTED SURPLUS
Contributed surplus in 2019 and 2018 includes premiums in excess of par value upon the issuance of BCE common shares and share-based compensation expense net of settlements.
Table:
 |  | 2019 |  | 2018 | 
 | NOTE | NUMBER OF SHARES | STATED CAPITAL | NUMBER OF SHARES | STATED CAPITAL
Outstanding, January 1 |  | 898,200,415 | 20,036 | 900,996,640 | 20,091
Shares issued for the acquisition of AlarmForce | 34 | – | – | 22,531 | 1
Shares issued under employee stock option plan | 28 | 4,459,559 | 251 | 266,941 | 13
Repurchase of common shares |  | – | – | (3,085,697) | (69)
Shares issued under ESP |  | 1,231,479 | 75 | – | –
Shares issued under DSP |  | 16,729 | 1 | – | –
Outstanding, December 31 |  | 903,908,182 | 20,363 | 898,200,415 | 20,036


Question: What is the percentage change in the total number of shares in 2019?
Answer: -0.31
Calculation: (898,200,415-900,996,640)/900,996,640
Stock Repurchase Program
Our Board of Directors has approved a program for us to repurchase shares of our common stock. On September 17, 2018 and February 15, 2019, we announced that our Board of Directors approved expansions of our stock repurchase program totaling $24.0 billion. As of May 31, 2019, approximately $5.8 billion remained available for stock repurchases pursuant to our stock repurchase program.
Our stock repurchase authorization does not have an expiration date and the pace of our repurchase activity will depend on factors such as our working capital needs, our cash requirements for acquisitions and dividend payments, our debt repayment obligations or repurchases of our debt, our stock price, and economic and market conditions. Our stock repurchases may be effected from time to time through open market purchases or pursuant to a rule 10b5-1 plan. Our stock repurchase program may be accelerated, suspended, delayed or discontinued at any time.
The following table summarizes the stock repurchase activity for the three months ended May 31, 2019 and the approximate dollar value of shares that may yet be purchased pursuant to our stock repurchase program:
Table:
 |  |  | Total Number of | Approximate Dollar
 |  |  | Shares Purchased as | Value of Shares that
 | Total Number of | Average Price | Part of Publicly | May Yet Be
 | Shares | Paid per | Announced | Purchased
(in millions, except per share amounts) | Purchased | Share | Program | Under the Program
March 1, 2019—March 31, 2019 | 58.0 | $52.93 | 58.0 | $8,780.5
April 1, 2019—April 30, 2019 | 29.1 | $54.41 | 29.1 | $7,198.4
May 1, 2019—May 31, 2019 | 24.9 | $54.11 | 24.9 | $5,848.4
Total | 112.0 | $53.57 | 112.0 | 


Question: What was the Average Price Paid per Share from March 2019 to April 2019?
Answer: 53.42
Calculation: (52.93*58.0+54.41*29.1)/(58.0+29.1)
ITEM 6. SELECTED FINANCIAL DATA
The selected consolidated statements of operations data for the years ended December 31, 2019, 2018 and 2017 and the selected consolidated balance sheet data as of December 31, 2019 and 2018 are derived from our audited consolidated financial statements included elsewhere in this Annual Report. The selected consolidated statements of operations data for the years ended December 31, 2016 and 2015 and the selected consolidated balance sheet data as of December 31, 2017, 2016 and 2015 are derived from our audited consolidated financial statements not included in this Annual Report. Our historical results are not necessarily indicative of the results to be expected in the future. The selected financial data should be read together with Item 7. "Management’s Discussion and Analysis of Financial Condition and Results of Operations" and in conjunction with our consolidated financial statements, related notes, and other financial information included elsewhere in this Annual Report. The following tables set forth our selected consolidated financial and other data for the years ended and as of December 31, 2019, 2018, 2017, 2016 and 2015 (in thousands, except share and per share data).
Information about prior period acquisitions that may affect the comparability of the selected financial information presented below is included in Item 1. Business. Information about the $28.0 million expense recorded in general and administrative expense in 2018, which relates to the agreement reached to settle the legal matter alleging violations of the Telephone Consumer Protection Act, or TCPA, and may affect the comparability of the selected financial information presented below, is disclosed in Item 3. “Legal Proceedings.” Information about the $1.7 million of interest recorded within interest income and the $6.9 million of gain recorded within other income, net, in 2019, which relates to promissory note proceeds received from one of our hardware suppliers and proceeds from an acquired promissory note, and may affect the comparability of the selected financial information presented below, is disclosed in Item 7. "Management’s Discussion and Analysis of Financial Condition and Results of Operations."
Certain previously reported amounts in the consolidated statements of operations for the years ended December 31, 2018, 2017, 2016 and 2015 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.
Table:
 |  |  | Year Ended December 31, |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
Stock-based compensation expense data: |  |  |  |  | 
Sales and marketing | $2,075 | $1,196 | $561 | $536 | $372
General and administrative | 6,474 | 4,901 | 2,638 | 1,430 | 2,486
Research and development | 12,054 | 7,332 | 4,214 | 2,035 | 1,266
Total stock-based compensation expense | $20,603 | $13,429 | $7,413 | $4,001 | $4,124


Question: What was the amount of research and development in 2018?
Answer: 7,332
company stock performance the following graph shows a five-year comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s . technology index . the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s . technology index as of the market close on september 30 , 2007 . data points on the graph are annual . note that historic stock price performance is not necessarily indicative of future stock price performance . sep-11sep-10sep-09sep-08sep-07 sep-12 apple inc . s&p 500 s&p computer hardware dow jones us technology comparison of 5 year cumulative total return* among apple inc. , the s&p 500 index , the s&p computer hardware index , and the dow jones us technology index *$ 100 invested on 9/30/07 in stock or index , including reinvestment of dividends . fiscal year ending september 30 . copyright a9 2012 s&p , a division of the mcgraw-hill companies inc . all rights reserved . september 30 , september 30 , september 30 , september 30 , september 30 , september 30 .

Table:
 | september 30 2007 | september 30 2008 | september 30 2009 | september 30 2010 | september 30 2011 | september 30 2012
apple inc . | $ 100 | $ 74 | $ 121 | $ 185 | $ 248 | $ 437
s&p 500 | $ 100 | $ 78 | $ 73 | $ 80 | $ 81 | $ 105
s&p computer hardware | $ 100 | $ 84 | $ 99 | $ 118 | $ 134 | $ 214
dow jones us technology | $ 100 | $ 76 | $ 85 | $ 95 | $ 98 | $ 127
.

Question: what was the difference in the percentage 5 year cumulative total return between apple inc . and thes&p computer hardware for the the period ended september 30 , 2012?
Answer: 223%
Calculation: subtract(437, 100), divide(#0, 100), subtract(214, 100), divide(#2, 100), subtract(#1, #3)