hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Stock Options—Stock options are typically granted at prices not less than 100% of market value of the underlying stock at the date of grant. Stock options typically vest over a period of 3 to 5 years from the grant date and expire 10 years after the grant date. The Company recorded $32.0, $23.2, and $18.3 of compensation expense relating to outstanding options during 2019, 2018 and 2017, respectively, as a component of general and administrative expenses at Corporate.
The Company estimates the fair value of its option awards using the Black-Scholes option valuation model. The stock volatility for each grant is measured using the weighted-average of historical daily price changes of the Company’s common stock over the most recent period equal to the expected life of the grant. The expected term of options granted is derived from historical data to estimate option exercises and employee forfeitures, and represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. The weighted-average fair value of options granted in 2019, 2018 and 2017 were calculated using the following weighted-average assumptions:
Table:
 | 2019 | 2018 | 2017
Weighted-average fair value ($) | 68.05 | 57.75 | 40.87
Risk-free interest rate (%) | 2.37 | 2.65 | 2.03
Average expected option life (years) | 5.42 | 5.32 | 5.26
Expected volatility (%) | 19.22 | 18.05 | 18.74
Expected dividend yield (%) | 0.58 | 0.59 | 0.67


Question: What is the percentage change in the weighted-average fair value of options granted in 2019 compared to 2017?
Answer: 66.5
Calculation: (68.05-40.87)/40.87
Note: 1 See “Alternative performance measures” on page 231 for further details and reconciliations to the respective closest equivalent GAAP measure.
The Group’s adjusted effective tax rate for its controlled businesses for the year ended 31 March 2019 was 24.4% compared to 20.6% for the last financial year. The higher rate in the current year is primarily due to a change in the mix of the Group’s profit, driven by the financing for the Liberty Global transaction. The tax rate in the prior year also reflected the consequences of closing tax audits in Germany and Romania. We expect the Group’s adjusted effective tax rate to remain in the low-mid twenties range for the medium term.
The Group’s adjusted effective tax rate for both years does not include the following items: the derecognition of a deferred tax asset in Spain of €1,166 million (2018: €nil); deferred tax on the use of Luxembourg losses of €320 million (2018: €304 million); an increase in the deferred tax asset of €488 million (2018: €330 million) arising from a revaluation of investments based upon the local GAAP financial statements and tax returns.
The Group’s adjusted effective tax rate for the year ended 31 March 2018 does not include the recognition of a deferred tax asset of €1,603 million due to higher interest rates; and a tax charge in respect of capital gains on the transfer of share in Vodafone Kenya Limited to the Vodacom Group of €110 million.
Table:
Taxation |  | 
 | 2019 €m | 2018 €m
Income tax (expense)/credit: | (1,496) | 879
Tax on adjustments to derive adjusted profit before tax | (206) | (188)
Deferred tax following revaluation of investments in Luxembourg | (488) | (330)
Luxembourg deferred tax asset recognised | – | (1,603)
Deferred tax on use of Luxembourg losses in the year | 320 | 304
Tax on the Safaricom transaction | – | 110
Derecognition of a deferred tax asset in Spain | 1,166 | –
Adjusted income tax expense for calculating adjusted tax rate1 | (704) | (828)
Loss)/profit before tax | (2,613) | 3,878
Adjustments to derive adjusted profit before tax (see earnings per share) | 5,149 | 530
Adjusted profit before tax1 | 2,536 | 4,408
Share of adjusted results in associates and joint ventures | 348 | (389)
Adjusted profit before tax for calculating adjusted effective tax rate | 2,884 | 4,019
Adjusted effective tax rate1 | 24.4% | 20.6%


Question: How much is the adjusted profit before tax in 2018?
Answer: 4,408
Due To/From Related Parties, Net
Amounts due to and from related parties, net as of the periods presented consisted of the following (table in millions):
(1) Includes an immaterial amount related to our current operating lease liabilities due to related parties as of January 31, 2020.
We also recognized an immaterial amount related to non-current operating lease liabilities due to related parties. This amount has been included in operating lease liabilities on the consolidated balance sheet as of January 31, 2020.
Amounts included in due from related parties, net, excluding DFS and tax obligations, includes the current portion of amounts due to and due from related parties. Amounts included in due from related parties, net are generally settled in cash within 60 days of each quarter-end.
Table:
 | January 31, 2020 | February 1, 2019
Due from related parties, current | $1,618 | $1,248
Due to related parties, current(1) | 161 | 158
Due from related parties, net, current | $1,457 | $1,090


Question: What was the change in the current amount due from related parties between 2019 and 2020?
Answer: 370
Calculation: 1,618-1,248
The following securities have been excluded from the calculation of diluted weighted average common shares outstanding as the inclusion of these securities would have an anti-dilutive effect:
Participating securities are composed of certain stock options granted under the 2015 Plan, and previously granted under the 2009 Equity Incentive Plan, that may be exercised before the options have vested. Unvested shares have a non-forfeitable right to dividends. Unvested shares issued as a result of early exercise are subject to repurchase by us upon termination of employment or services at the original exercise price. The common stock subject to repurchase is no longer classified as participating securities when shares revert to common stock outstanding as the awards vest and our repurchase right lapses.
Our redeemable noncontrolling interest relates to our 85% equity ownership interest in OpenEye. The OpenEye stockholder agreement contains a put option that gives the minority OpenEye stockholders the right to sell their OpenEye shares to us based on the fair value of the shares. The OpenEye stockholder agreement also contains a call option that gives us the right to purchase the remaining OpenEye shares from the minority OpenEye stockholders based on the fair value of the shares. The put and call options can each be exercised beginning in the first quarter of 2023. This redeemable noncontrolling interest is considered temporary equity and we report it between liabilities and stockholders’ equity in the consolidated balance sheets. The amount of the net income or loss attributable to redeemable noncontrolling interests is recorded in the consolidated statements of operations.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Stock options | 223,259 | 229,294 | 258,917
Restricted stock awards | — | — | 129
Restricted stock units | 136,600 | 148,175 | 188,050
Common stock subject to repurchase | 250 | 957 | 13,281


Question: What was the company's equity ownership interest in OpenEye?
Answer: 85
Operating Segments
The Company operates as one operating segment. Operating segments are defined as components of an enterprise for which separate financial information is regularly evaluated by the chief operating decision maker (“CODM”), which is the Company’s chief executive officer, in deciding how to allocate resources and assess performance. The Company’s CODM evaluates the Company’s financial information for the purpose of allocating resources and assessing the performance of these resources on a consolidated basis. The Company operates as one operating segment. Operating segments are defined as components of an enterprise for which separate financial information is regularly evaluated by the chief operating decision maker (“CODM”), which is the Company’s chief executive officer, in deciding how to allocate resources and assess performance. The Company’s CODM evaluates the Company’s financial information for the purpose of allocating resources and assessing the performance of these resources on a consolidated basis.
Revenue by geographic country, based on ship-to destinations, which in certain instances may be the location of a contract manufacturer rather than the Company’s end customer, was as follows (in thousands):
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
United States | $70,702 | $56,839 | $60,723
China | 159,637 | 98,906 | 148,431
Germany | 57,657 | 58,711 | 57,051
Thailand | 82,413 | 68,217 | 48,016
Other | 94,254 | 57,218 | 70,945
Total revenue | $464,663 | 339,891 | 385,166


Question: What is the total revenue in Thailand between 2017 to 2019?
Answer: 198646
Calculation: 82,413+68,217+48,016
The table below summarizes our cash flows from continuing operations activities for each of the last two fiscal years (in thousands):
Operating Activities. Operating cash flows increased $64.4 million in 2019 compared with 2018 primarily due to favorable changes in working capital of  $37.0 million, primarily due to lower income tax payments of$41.3 million, and higher net income adjusted for non-cash items of $27.3 million
Pension and Postretirement Contributions — Our policy is to fund our pension plans at or above the minimum required by law. As of January 1, 2019, the date of our last actuarial funding valuation for our qualified pension plan, there was no minimum contribution funding requirement. In 2019 and 2018, we contributed $6.2 million and $5.5 million, respectively, to our pension and postretirement plans. We do not anticipate making any contributions to our qualified defined benefit pension plan in fiscal 2020. For additional information, refer to Note 12, Retirement Plans, of the notes to the consolidated financial statements.
Table:
 | 2019 | 2018
Total cash provided by (used in) continuing operations: |  | 
Operating activities | $168,405 | $104,055
Investing activities | (13,819) | 65,661
Financing activities | (5,730) | (445,529)
Net increase (decrease) in cash from continuing operations | $148,856 | $(275,813)


Question: What is the percentage change in cash flows from operating activities from 2018 to 2019?
Answer: 61.84
Calculation: ($168,405 - $104,055)/$104,055
4. Income Taxes
Provision for Income Taxes
Income (loss) before income tax expense is summarized below (in thousands):
(1) Includes the elimination of intercompany foreign dividends paid to the U.S.
Table:
 |  | Fiscal Year Ended August 31, | 
 | 2019 | 2018 | 2017
Domestic (1) | $(415,707) | $(426,897) | $(373,690)
Foreign (1) | 866,411 | 800,298 | 629,923
 | $450,704 | $373,401 | $256,233


Question: What was the Domestic income (loss) in 2019?
Answer: $(415,707)
Restructuring Expense
In October 2019, we began implementing a restructuring plan in our ongoing efforts to reduce operating costs and focus on advanced technologies. The restructuring plan, when complete, is expected to result in a workforce reduction of approximately 5% of our workforce and the closure and consolidation of certain U.S. and international office facilities. We expect to complete the restructuring by the end of the second fiscal quarter of 2020. We recorded restructuring expenses of $2.5 million in the fourth quarter of 2019, which included the following (in thousands)
As of December 31, 2019, we had accrued but unpaid restructuring costs of $1.5 million included in accrued liabilities on the Consolidated Balance Sheets
Table:
 | Cost of revenue | Sales and marketing | Research and development | General and administrative | Total restructuring expense
Employee severance and related payroll taxes | $28 | $1,355 | $340 | $194 | $1,917
Facilities closure expenses | . | 435 | 89 |  | 524
Legal fees | . | . | . | 89 | 89
 | $28 | $1,790 | $429 | $283 | $2,530


Question: What is the change in workforce as a result of the restructuring?
Answer: reduction of approximately 5%
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
RESULTS OF OPERATIONS
Consolidated Performance Summary. The following table presents selected consolidated financial data for the indicated fiscal years (dollars in millions, except per share data):
*Non-GAAP metric; refer to "Return on Invested Capital ("ROIC") and Economic Return" below for more information and Exhibit 99.1 for a reconciliation.
Net sales. Fiscal 2019 net sales increased $290.9 million, or 10.1%, as compared to fiscal 2018.
Net sales are analyzed by management by geographic segment, which reflects the Company's reportable segments, and by market sector. Management measures operational performance and allocates resources on a geographic segment basis. The Company’s global business development strategy is based on our targeted market sectors.
Table:
 | 2019 | 2018
Net sales  | $3,164.4 | $2,873.5
Cost of sales  | 2,872.6 | 2,615.9
Gross profit  | 291.8 | 257.6
Gross margin  | 9.2% | 9.0%
Operating income  | 142.1 | 118.3
Operating margin  | 4.5% | 4.1%
Other expense  | 16.1 | 10.7
Income tax expense | 17.3 | 94.6
Net income  | 108.6 | 13.0
Diluted earnings per share  | $3.50 | $0.38
Return on invested capital*  | 13.1% | 16.1%
Economic return* | 4.1% | 6.6%


Question: What was the increase in net sales between 2018 and 2019?
Answer: 290.9
(10) Goodwill
Goodwill consists of the following (in millions):
The increase in Goodwill related to our Compass Analytics acquisition is deductible for tax purposes. For the 2018 increase in Goodwill, $19.7 million is deductible for tax purposes and $3.2 million is not deductible for tax purposes.
Table:
 | Software Solutions | Data and Analytics | Corporate and Other | Total
Balance, December 31, 2017 | $2,134.7 | $172.1 | $— | $2,306.8
HeavyWater and Ernst acquisitions (Note 3) | 22.9 | — | — | 22.9
Balance, December 31, 2018 | 2,157.6 | 172.1 | — | 2,329.7
Compass Analytics acquisition (Note 3) | 31.7 | — | — | 31.7
Balance, December 31, 2019 | $2,189.3 | $172.1 | $— | $2,361.4


Question: What was the total balance in 2019?
Answer: 2,361.4
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
The Company entered into new lease liabilities amounting to $47,064 during the year ended December 31, 2019.
The table below provides the total amount of lease payments on an undiscounted basis on our chartered-in contracts, office lease agreements and land lease agreements as of December 31, 2019:
As of December 31, 2019, the weighted average remaining lease terms on our charter-in contracts, office lease agreements and land leases are 4.5 years, 1.9 years and 46.3 years, respectively.
Table:
 | Charter-in vessels in operation | Land Leases | Office space
December 31, 2020 | $109,574 | $556 | $753
December 31, 2021 | 85,399 | 556 | 356
December 31, 2022 | 57,282 | 556 | 101
December 31, 2023 | 47,603 | 556 | 81
December 31, 2024 | 34,025 | 556 | —
December 31, 2025 and thereafter | 33,481 | 23,002 | —
Total | $367,364 | $25,782 | $1,291
Operating lease liabilities, including current portion | $304,568 | $7,660 | $1,204
Discount based on incremental borrowing rate | $62,796 | $18,122 | $87


Question: Which lease payments had a total that exceeded $100,000 thousand?
Answer: Charter-in vessels in operation
Calculation: (Charter-in vessels in operation:367,364)
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: of total repurchases in october to december 2018 , what percentage of shares purchased were part of publicly announced plans or programs?
Answer: 96.2%
Calculation: divide(2620987, 2723347)
"three factor formula" ) . the consolidated financial statements include northrop grumman management and support services allocations totaling $ 32 million for the year ended december 31 , 2011 . shared services and infrastructure costs - this category includes costs for functions such as information technology support , systems maintenance , telecommunications , procurement and other shared services while hii was a subsidiary of northrop grumman . these costs were generally allocated to the company using the three factor formula or based on usage . the consolidated financial statements reflect shared services and infrastructure costs allocations totaling $ 80 million for the year ended december 31 , 2011 . northrop grumman-provided benefits - this category includes costs for group medical , dental and vision insurance , 401 ( k ) savings plan , pension and postretirement benefits , incentive compensation and other benefits . these costs were generally allocated to the company based on specific identification of the benefits provided to company employees participating in these benefit plans . the consolidated financial statements include northrop grumman- provided benefits allocations totaling $ 169 million for the year ended december 31 , 2011 . management believes that the methods of allocating these costs are reasonable , consistent with past practices , and in conformity with cost allocation requirements of cas or the far . related party sales and cost of sales prior to the spin-off , hii purchased and sold certain products and services from and to other northrop grumman entities . purchases of products and services from these affiliated entities , which were recorded at cost , were $ 44 million for the year ended december 31 , 2011 . sales of products and services to these entities were $ 1 million for the year ended december 31 , 2011 . former parent's equity in unit transactions between hii and northrop grumman prior to the spin-off have been included in the consolidated financial statements and were effectively settled for cash at the time the transaction was recorded . the net effect of the settlement of these transactions is reflected as former parent's equity in unit in the consolidated statement of changes in equity . 21 . unaudited selected quarterly data unaudited quarterly financial results for the years ended december 31 , 2013 and 2012 , are set forth in the following tables: .

Table:
( $ in millions except per share amounts ) | year ended december 31 2013 1st qtr | year ended december 31 2013 2nd qtr | year ended december 31 2013 3rd qtr | year ended december 31 2013 4th qtr
sales and service revenues | $ 1562 | $ 1683 | $ 1637 | $ 1938
operating income ( loss ) | 95 | 116 | 127 | 174
earnings ( loss ) before income taxes | 65 | 87 | 99 | 143
net earnings ( loss ) | 44 | 57 | 69 | 91
dividends declared per share | $ 0.10 | $ 0.10 | $ 0.10 | $ 0.20
basic earnings ( loss ) per share | $ 0.88 | $ 1.14 | $ 1.38 | $ 1.86
diluted earnings ( loss ) per share | $ 0.87 | $ 1.12 | $ 1.36 | $ 1.82
.

Question: what were the total net earnings year ended december 31 2013 in millions
Answer: 261
Calculation: add(44, 57), add(#0, 69)
6.3 Changes in group structure
Discontinued operations
On 21 December 2018, the Group executed a share sale agreement to sell Infochoice Pty Ltd, a wholly owned subsidiary.
At 30 June 2019, Infochoice Pty Ltd was classified as a discontinued operation. The business of Infochoice Pty Ltd represented the Group’s financial services and products comparison operating segment. With Infochoice Pty Ltd being classified as a discontinued operation, its operating results are no longer presented in the segment note. The sale of Infochoice Pty Ltd was completed on 18 February 2019. The results of Infochoice Pty Ltd for the period are presented below:
Table:
 | CONSOLIDATED | 
 | JUN 2019 $’000 | JUN 2018 $’000
Revenue | 426 | 1,208
Expenses | (1,035) | (989)
Operating income | (609) | 219
Interest revenue | 5 | 9
Impairment of other intangible assets | (603) | (16,902)
Profit/(loss) before tax from discontinued operations | (1,207) | (16,674)
Tax benefit/(expense) related to current pre-tax loss | (1,150) | (55)
Post-tax profit/(loss) of  discontinued operations | (2,357) | (16,729)


Question: What is the Post-tax loss of  discontinued operations in 2019?
Answer: 2,357
INCOME TAX EXPENSE
Below is a summary of the difference between income tax expense computed by applying the statutory income tax rate to income before income tax expense and the actual income tax expense for the year.
Our effective income tax rate this year was 25.8% compared to 26.9% for 2018. The effective income tax rate for 2019 was lower than the statutory tax rate primarily as a result of a reduction to the Alberta corporate income tax rate over a four-year period.
Table:
(In millions of dollars, except tax rates) | Years ended December 31 |  | 
 | 2019 | 2018 | %Chg
Adjusted EBITDA 1 | 6,212 | 5,983 | 4
Deduct (add): |  |  | 
Depreciation and amortization | 2,488 | 2,211 | 13
Gain on disposition of property, plant and equipment | - | (16) | (100)
Restructuring, acquisition and other | 139 | 210 | (34)
Finance costs | 840 | 793 | 6
Other income | (10) | (32) | (69)
Income tax expense | 712 | 758 | (6)
Net income | 2,043 | 2,059 | (1)


Question: What was the effective tax rate in 2018?
Answer: 26.9%