hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
lkq corporation and subsidiaries notes to consolidated financial statements ( continued ) note 5 . long-term obligations ( continued ) as part of the consideration for business acquisitions completed during 2007 , 2006 and 2005 , we issued promissory notes totaling approximately $ 1.7 million , $ 7.2 million and $ 6.4 million , respectively . the notes bear interest at annual rates of 3.0% ( 3.0 % ) to 6.0% ( 6.0 % ) , and interest is payable at maturity or in monthly installments . we also assumed certain liabilities in connection with a business acquisition during the second quarter of 2005 , including a promissory note with a remaining principle balance of approximately $ 0.2 million . the annual interest rate on the note , which was retired during 2006 , was note 6 . commitments and contingencies operating leases we are obligated under noncancelable operating leases for corporate office space , warehouse and distribution facilities , trucks and certain equipment . the future minimum lease commitments under these leases at december 31 , 2007 are as follows ( in thousands ) : years ending december 31: .

Table:
2008 | $ 42335
2009 | 33249
2010 | 25149
2011 | 17425
2012 | 11750
thereafter | 28581
future minimum lease payments | $ 158489
rental expense for operating leases was approximately $ 27.4 million , $ 18.6 million and $ 12.2 million during the years ended december 31 , 2007 , 2006 and 2005 , respectively .
we guaranty the residual values of the majority of our truck and equipment operating leases .
the residual values decline over the lease terms to a defined percentage of original cost .
in the event the lessor does not realize the residual value when a piece of equipment is sold , we would be responsible for a portion of the shortfall .
similarly , if the lessor realizes more than the residual value when a piece of equipment is sold , we would be paid the amount realized over the residual value .
had we terminated all of our operating leases subject to these guaranties at december 31 , 2007 , the guarantied residual value would have totaled approximately $ 24.0 million .
litigation and related contingencies on december 2 , 2005 , ford global technologies , llc ( 2018 2018ford 2019 2019 ) filed a complaint with the united states international trade commission ( 2018 2018usitc 2019 2019 ) against keystone and five other named respondents , including four taiwan-based manufacturers .
on december 12 , 2005 , ford filed an amended complaint .
both the complaint and the amended complaint contended that keystone and the other respondents infringed 14 design patents that ford alleges cover eight parts on the 2004-2005 .

Question: what was the percentage change in rental expense from 2006 to 2007?
Answer: 47%
Calculation: subtract(27.4, 18.6), divide(#0, 18.6)
Outstanding Equity Awards at Fiscal Year End
The following table summarizes the equity awards made to our named executive officers that were outstanding at December 31, 2019
Table:
Name | No. of Securities Underlying Unexercised Options (#) Exercisable No. of Securities Underlying Unexercised | No. of Securities Underlying Unexercised Options (#) Unexercisable No. of Securities Underlying Unexercised | Option Exercise Price | Option Expiration Date
Garo H. Armen (1) | 500,000 | - | $1.25 | April 16, 2026
Garo H. Armen (2) | 184,028 | 65,972 | $1.75 | October 16, 2027
Alexander K. Arrow (3) | 100,000 | - | $1.25 | February 12, 2026
Alexander K. Arrow (3) | 140,000 | - | $1.25 | April 15, 2026
Alexander K. Arrow (4) | 55,208 | 19,792 | $1.75 | October 16, 2027
Alexander K. Arrow (5) | 41,667 | - | $1.00 | February 1, 2029


Question: How many of Garo H. Armen's options would expire on April 15, 2026? 
Answer: 500,000
12. Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss, net of taxes, consisted of the following:
Reclassifications related to gains and losses on available-for-sale debt securities are included in "Interest and other expense, net". Refer to Note 3, "Financial Instruments" for the amount and location of reclassifications related to derivative instruments. Reclassifications of the defined benefit pension components of net periodic benefit cost are included in "Interest and other expense, net". Refer to Note 15, "Retirement Benefit Plans."
Table:
 | Net Unrealized Gains (Losses) on Derivative Instruments | Net Unrealized Gains (Losses) on Available for Sale Securities | Defined Benefit Pension Components | Foreign Currency Translation Adjustments | Total
Balances, January 31, 2017 | $14.6 | $1.5 | $(33.8) | $(160.8) | $(178.5)
Other comprehensive (loss) income before reclassifications | (24.5) | (0.6) | 4.3 | 86.3 | 65.5
Pre-tax losses (gains) reclassified from accumulated other comprehensive income | (9.9) | 0.3 | 0.9 | 0.1 | (8.6)
Tax effects | 3.2 | 0.1 | (0.7) | (4.8) | (2.2)
Net current period other comprehensive (loss) income | (31.2) | (0.2) | 4.5 | 81.6 | 54.7
Balances, January 31, 2018 | (16.6) | 1.3 | (29.3) | (79.2) | (123.8)
Other comprehensive income (loss) before reclassifications | 20.6 | 0.7 | 14.7 | (58.3) | (22.3)
Pre-tax gains reclassified from accumulated other comprehensive income | 12.1 | 1.3 | 0.3 | — | 13.7
Tax effects | (1.1) | — | (2.0) | 0.5 | (2.6)
Net current period other comprehensive income (loss) | 31.6 | 2.0 | 13.0 | (57.8) | (11.2)
Balances, January 31, 2019 | $15.0 | $3.3 | $(16.3) | $(137.0) | $(135.0)


Question: What was the total tax effects as of January 31, 2018?
Answer: (2.6)
4. Inventories
Inventories consisted of the following (in thousands):
We grow and maintain flocks of layers (mature female chickens), pullets (female chickens, under 18 weeks of age), and breeders (male and female chickens used to produce fertile eggs to hatch for egg production flocks). Our total flock at June 1, 2019, consisted of approximately 9.4 million pullets and breeders and 36.2 million layers.
Table:
 | June 1, 2019 | June 2, 2018
Flocks, net of accumulated amortization | $105,536 | $96,594
Eggs | 14,318 | 17,313
Feed and supplies | 52,383 | 54,737
 | $172,237 | $168,644


Question: What is the percentage increase / (decrease) in feed and supplies in 2019 compared to 2018?
Answer: -4.3
Calculation: 52,383 / 54,737 - 1
Uncertain Tax Positions
In accordance with authoritative guidance, the impact of an uncertain income tax position on the income tax return must be recognized at the largest amount that is more-likely-than-not to be sustained upon audit by the relevant taxing authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained.
The following table reconciles the beginning and ending amount of unrecognized tax benefits for the fiscal years ended September 30, 2019, 2018,and 2017 (amounts shown in thousands):
Of the total unrecognized tax benefits at September 30, 2019, $1.6 million will impact the Company’s effective tax rate. The Company does not anticipate that there will be a substantial change in unrecognized tax benefits within the next twelve months.
The Company's practice is to recognize interest and/or penalties related to income tax matters in income tax expense. As of September 30, 2019, no accrued interest or penalties related to uncertain tax positions are recorded in the consolidated financial statements.
The Company is subject to income taxation in the U.S. at the federal and state levels. All tax years are subject to examination by U.S., California, and other state tax authorities due to the carryforward of unutilized net operating losses and tax credits. The Company is also subject to foreign income taxes in the countries in which it operates. The Company’s U.S. federal tax return for the year ended September 30, 2017 is currently under examination. To our knowledge, the Company is not currently under examination by any other taxing authorities.
Table:
 | 2019 | 2018 | 2017
Gross unrecognized tax benefits at the beginning of the year | $1,321 | $1,181 | $—
Additions from tax positions taken in the current year | 213 | 140 | 140
Additions from tax positions taken in prior years | 73 | — | 1,041
Reductions from tax positions taken in prior years | — | — | —
Tax settlements | — | — | —
Gross unrecognized tax benefits at end of the year | $1,607 | $1,321 | $1,181


Question: What is the gross unrecognized tax benefit at the end of the year 2018?
Answer: $1,321
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
NOTE 13 — Derivatives
The effect of derivative instruments on the Consolidated Statements of Earnings is as follows:
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Foreign Exchange Contracts: |  |  | 
Amounts reclassified from AOCI to earnings: |  |  | 
Net sales | $— | $383 | $(488)
Cost of goods sold | 860 | (6) | 497
Selling, general and administrative | 92 | 107 | 45
Total amounts reclassified from AOCI to earnings | 952 | 484 | 54
Loss recognized in other expense for hedge ineffectiveness | — | — | (1)
Loss recognized in other expense for derivatives not designated as cash flow hedges | — | — | (15)
Total derivative gain on foreign exchange contracts recognized in earnings | $952 | $484 | $38
Interest Rate Swaps: |  |  | 
Benefit recorded in interest expense | $491 | $421 | $37
Total gain | $1,443 | $905 | $75


Question: What were the net sales in 2018?
Answer: 383
REVENUE
The sales cycle from quotation to shipment for our Front-end equipment generally takes several months, depending on capacity utilization and the urgency of the order. Usually, acceptance is within four months after shipment. The sales cycle is longer for equipment that is installed at the customer’s site for evaluation prior to sale. The typical trial period ranges from six months to two years after installation.
Our revenues are concentrated in Asia, the United States and Europe. The following table shows the geographic distribution of our revenue for 2018 and 2019:
Table:
 |  | Year ended December 31 |  | 
(EUR million) | 2018 |  | 2019 | 
United States | 175.9 | 21.5% | 339.5 | 26.4%
Europe | 165.6 | 20.2% | 126.2 | 9.8%
Asia | 476.6 | 58.3% | 818.2 | 63.7%
 | 818.1 | 100.0% | 1,283.9 | 100.0%


Question: Where are the revenues of this company concentrated?
Answer: Asia, the United States and Europe
Acquisitions and divestments
Acquisitions
In 2019, Ericsson made acquisitions with a negative cash flow effect amounting to SEK 1,815 (1,220) million. The acquisitions presented below are not material, but the Company gives the information to provide the reader a summarized view of the content of the acquisitions made. The acquisitions consist primarily of:
Kathrein: On October 2, 2019, the Company acquired assets from Kathrein, a world leading provider of antenna and filter technologies with approximately 4,000 employees. Kathrein’s antenna and filters business has a strong R&D organization with extensive experience in antenna design and research, coupled with a strong IPR portfolio. In addition to broadening Ericsson’s portfolio of antenna and filter products, the acquisition will bring vital competence for the evolution of advanced radio network products. The acquired Kathrein business has had a negative impact of SEK –0.5 billion since the acquisition, corresponding to –1 percentage point in Networks operating margin. Balances to facilitate the Purchase price allocation are preliminary.
CSF: On August 20, 2019, the Company acquired 100% of the shares in CSF Holdings Inc. a US-based technology company with approximately 25 employees. CSF strengthens iconectiv’s Business to Consumer (B2C) product platforms to enable growth in messaging and Toll-Free Number (TFN) management. Balances to facilitate the Purchase price allocation are final.
ST-Ericsson: Before ST-Ericsson was a joint venture where Ericsson and ST Microelectronics had a 50/50 ownership. This joint venture consisted of a number of legal entities where the two parties owned different stakes in the different legal entities. In December 2019 the Company initiated transactions to wind-down the legal structure of ST-Ericsson by acquiring the remaining shares in two legal ST-Ericsson entities and costs of SEK –0.3 billion impacted the result. The Company now owns 100% of the shares in those entities.
In order to finalize a Purchase price allocation all relevant information needs to be in place. Examples of such information are final consideration and final opening balances, they may remain preliminary for a period of time due
to for example adjustments of working capital, tax items or decisions from local authorities.
1) Acquisition-related costs are included in Selling and administrative expenses in the consolidated income statement.
Table:
Acquisitions 2017–2019 |  |  | 
 | 2019 | 2018 | 2017
Total consideration, including cash | 1,957 | 1,314 | 62
Net assets acquired |  |  | 
Cash and cash equivalents | 142 | 94 | –
Property, plant and equipment | 353 | 4 | 12
Intangible assets | 497 | 481 | 101
Investments in associates | 101 | 64 | –
Other assets | 1,357 | 254 | 1
Provisions, incl. post-employment benefits | –102 | – | –
Other liabilities | –743 | –494 | 25
Total identifiable net assets | 1,605 | 403 | 139
Costs recognized in net income | 153 | – | –
Goodwill | 199 | 911 | –77
Total | 1,957 | 1,314 | 62
Acquisition-related costs 1) | 85 | 24 | 49


Question: When is CSF being acquired?
Answer: August 20, 2019
(4) Property and Equipment
Property and equipment consist of the following (in thousands):
Depreciation and amortization expense related to property and equipment was $22,538,000, $21,721,000 and $25,787,000 in 2019, 2018 and 2017, respectively.
On November 1, 2019, we completed the purchase of real estate in Chandler, Arizona for approximately $48,000,000 that we intend to use as our global corporate headquarters. The property contains a building and some infrastructure in place that we will complete readying for our use over the next year. We intend to sell our current properties in Tempe, Arizona.
Included within the software, buildings and land values presented above are assets in the process of being readied for use in the amounts of approximately $12,138,000, $27,658,000 and $11,700,000, respectively. Depreciation on these assets will commence, as appropriate, when they are ready for use and placed in service.
Table:
 | December 31, | 
 | 2019 | 2018
Software | $114,674 | $170,327
Buildings | 92,092 | 64,263
Equipment | 60,661 | 100,421
Furniture and fixtures | 34,768 | 38,200
Lease hold improvements | 33,668 | 26,319
Land | 31,374 | 5,124
 | 367,237 | 404,654
Accumulated depreciation and amortization | (236,330) | (331,700)
Property and equipment, net | $130,907 | $72,954


Question: How much was Depreciation and amortization expense related to property and equipment  in 2018?
Answer: $21,721,000
Item 2. Properties
The Company operates out of several facilities located around the world. Each facility is used for manufacturing its products and for administrative activities. The following table presents the location, size and terms of ownership/occupation:
The Company’s facility located in Mitchel Field, Long Island, New York, is part of the building that the Company constructed in 1981 and expanded in 1988 on land leased from Nassau County. In January 1998, the Company sold this building and the related land lease to Reckson Associates Realty Corp. (“Reckson”), leasing back the space that it presently occupies.
The Company leased its manufacturing and office space from Reckson under an initial 11-year lease followed by two five-year renewal periods which ended in January 2019. On July 25, 2018, the Company signed an amendment to the lease with RA 55 CLB LLC (as successor-in-interest to Reckson) which extended the current lease terms ten years and eight months through September 30, 2029. Pursuant to the amendment to the lease agreement, the Company shall pay a gradually increasing annual rent of $1,046,810 in 2019 to $1,276,056 in 2029. The Company believes the leased space is adequate to meet the Company’s domestic operational needs which encompass the principal operations of the FEI-NY segment and also serves as the Company’s world-wide corporate headquarters.
The Garden Grove, California facility is leased by the Company’s subsidiary, FEI-Zyfer. The facility consists of a combination office and manufacturing space. The Company has signed a second amendment to the lease, which extends the lease an additional 88 months, beginning October 1, 2017 and expiring January 31, 2025. The average annual rent over the period of the amendment is approximately $312,000. The Company believes the leased space is adequate to meet FEI-Zyfer’s operational needs.
The Tianjin, China facility is the location of the Company’s wholly-owned subsidiary, FEI-Asia. The subsidiary’s office and manufacturing facility is located in the Tianjin Free-Trade Zone. The lease was renewable annually with monthly rent of $8,500 through August 2019. As mentioned in Footnote 3, below, FEI-Asia was sold on May 21, 2019 and as a result the lease commitment transferred with the sale.
FEI-Elcom entered into a new lease agreement on February 1, 2018 regarding its Northvale, New Jersey facility. The facility consists of a combination office and manufacturing space. The lease, which expires in January 31, 2021, requires monthly payments of $9,673. The Company believes the leased space is adequate to meet FEI-Elcom’s operational needs.
Table:
Location | Size (sq. ft.) | Own or Lease
Long Island, NY | 93,000 | Lease
Garden Grove, CA | 27,850 | Lease
Tianjin, China | 28,000 | Lease
Northvale, NJ | 9,000 | Lease


Question: How many facilities are currently under lease?
Answer: 4
Calculation: Long Island, NY ## Garden Grove, CA ## Tianjin, China ## Northvale, NJ
ALTERNATIVE PERFORMANCE MEASURES – continued
Return on Invested Capital (RoIC): TORM defines RoIC as earnings before interest and tax (EBIT) less tax, divided by the average invested capital for the period. Invested capital is defined below.
RoIC expresses the returns generated on capital invested in the Group. The progression of RoIC is used by TORM to measure progress against our longer-term value creation goals outlined to investors. RoIC is calculated as follows:
Table:
USDm | 2019 | 2018 | 2017
Operating profit/(loss) (EBIT) | 205.9 | 2.8 | 39.5
Tax | -0.8 | -1.6 | -0.8
EBIT less Tax | 205.1 | 1.2 | 38.7
Invested capital, opening balance | 1,469.4 | 1,406.0 | 1,387.7
Invested capital, ending balance | 1,786.0 | 1,469.4 | 1,406.0
Average invested capital for the year | 1,627.7 | 1,437.7 | 1,396.9
Return on Invested Capital (RoIC) | 12.6% | 0.1% | 2.8%


Question: In which year was the Invested capital, opening balance the largest?
Answer: 2019
Calculation: 1,469.4>1,406.0>1,387.7
ISU plan
The Corporation offers to its executive officers and designated employees an Incentive Share Unit ("ISU") Plan. According to this plan, executive
officers and designated employees periodically receive a given number of ISUs which entitle the participants to receive subordinate voting shares of the Corporation after three years less one day from the date of grant.
The number of ISUs is based on the dollar value of the award and the average closing stock price of the Corporation for the previous twelve month period ending August 31. A trust was created for the purpose of purchasing these shares on the stock market in order to protect against stock price fluctuation and the Corporation instructed the trustee to purchase subordinate voting shares of the Corporation on the stock market. These shares are purchased and are held in trust for the participants until they are fully vested.
The trust, considered as a special purpose entity, is consolidated in the Corporation’s financial statements with the value of the acquired subordinate voting shares held in trust under the ISU Plan presented in reduction of share capital.
Under the ISU Plan, the following ISUs were granted by the Corporation and are outstanding at August 31:
A compensation expense of $2,046,000 ($2,461,000 in 2018) was recorded for the year ended August 31, 2019 related to this plan.
Table:
Years ended August 31, | 2019 | 2018
Outstanding, beginning of the year | 105,475 | 101,538
Granted | 37,600 | 47,900
Distributed | (44,470) | (35,892)
Cancelled | (26,780) | (8,071)
Outstanding, end of the year | 71,825 | 105,475


Question: What was the average granted from 2018 to 2019?
Answer: 42750
Calculation: (37,600 + 47,900) / 2
entergy louisiana , inc . management's financial discussion and analysis setting any of entergy louisiana's rates . therefore , to the extent entergy louisiana's use of the proceeds would ordinarily have reduced its rate base , no change in rate base shall be reflected for ratemaking purposes . the sec approval for additional return of equity capital is now expired . entergy louisiana's receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years: .

Table:
2004 | 2003 | 2002 | 2001
( in thousands ) | ( in thousands ) | ( in thousands ) | ( in thousands )
$ 40549 | ( $ 41317 ) | $ 18854 | $ 3812
money pool activity used $ 81.9 million of entergy louisiana's operating cash flow in 2004 , provided $ 60.2 million in 2003 , and used $ 15.0 million in 2002 .
see note 4 to the domestic utility companies and system energy financial statements for a description of the money pool .
investing activities the decrease of $ 25.1 million in net cash used by investing activities in 2004 was primarily due to decreased spending on customer service projects , partially offset by increases in spending on transmission projects and fossil plant projects .
the increase of $ 56.0 million in net cash used by investing activities in 2003 was primarily due to increased spending on customer service , transmission , and nuclear projects .
financing activities the decrease of $ 404.4 million in net cash used by financing activities in 2004 was primarily due to : 2022 the net issuance of $ 98.0 million of long-term debt in 2004 compared to the retirement of $ 261.0 million in 2022 a principal payment of $ 14.8 million in 2004 for the waterford lease obligation compared to a principal payment of $ 35.4 million in 2003 ; and 2022 a decrease of $ 29.0 million in common stock dividends paid .
the decrease of $ 105.5 million in net cash used by financing activities in 2003 was primarily due to : 2022 a decrease of $ 125.9 million in common stock dividends paid ; and 2022 the repurchase of $ 120 million of common stock from entergy corporation in 2002 .
the decrease in net cash used in 2003 was partially offset by the following : 2022 the retirement in 2003 of $ 150 million of 8.5% ( 8.5 % ) series first mortgage bonds compared to the net retirement of $ 134.6 million of first mortgage bonds in 2002 ; and 2022 principal payments of $ 35.4 million in 2003 for the waterford 3 lease obligation compared to principal payments of $ 15.9 million in 2002 .
see note 5 to the domestic utility companies and system energy financial statements for details of long-term debt .
uses of capital entergy louisiana requires capital resources for : 2022 construction and other capital investments ; 2022 debt and preferred stock maturities ; 2022 working capital purposes , including the financing of fuel and purchased power costs ; and 2022 dividend and interest payments. .

Question: what is the percent change in receivables from or ( payables to ) the money pool from 2001 to 2002?
Answer: 395%
Calculation: subtract(18854, 3812), divide(#0, 3812)