hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Contract costs As discussed in the Significant Accounting Policies Note, Topic 606 requires the recognition of an asset for incremental costs to obtain a customer contract, which is then amortized to expense, over the respective period of expected benefit. The Partnership recognizes a contract asset for incremental commission costs paid to Verizon Wireless personnel and agents in conjunction with obtaining customer contracts.
The costs are only deferred when it is determined the commissions are incremental costs that would not have been incurred absent the customer contract and are expected to be recovered. Costs to obtain a contract are amortized and recorded ratably as commission expense over the period representing the transfer of goods or services to which the assets relate. Costs to obtain contracts are amortized over the customers' estimated device upgrade cycle of two to three years, as such costs are typically incurred each time a customer upgrades their equipment.
The amortization periods for the costs incurred to obtain a customer contract is determined at a portfolio level due to the similarities within these customer contract portfolios. Other costs, such as general costs or costs related to past performance obligations, are expensed as incurred. Deferred contract costs are classified as current or non-current within prepaid expenses and other, and other assets – net, respectively. The balances of deferred contract costs as of December 31, 2019 and 2018, included in the balance sheet were as follows:
For the years ended December 31, 2019 and 2018, the Partnership recognized expense of $3,126 and $2,161, respectively, associated with the amortization of deferred contract costs, primarily within selling, general and administrative expenses in the statements of income.
Deferred contract costs are assessed for impairment on an annual basis. An impairment charge is recognized to the extent the carrying amount of a deferred cost exceeds the remaining amount of consideration expected to be received in exchange for the goods and services related to the cost, less the expected costs related directly to providing those goods and services that have not yet been recognized as expenses. There have been no impairment charges recognized for the year ended December 31, 2019 and 2018.
Table:
 | 2019 | 2018
Assets |  | 
Prepaid expenses and other | $ 3,027 | $ 2,347
Other assets - net | 1,824 | 1,831
Total | $ 4,851 | $ 4,178


Question: What was the average other assets-net for 2018 and 2019?
Answer: 1827.5
Calculation: (1,824 + 1,831) / 2
Note 8 — Property, Plant and Equipment, net
The components of property, plant and equipment, net, are:
The estimated useful lives of buildings and improvements and rental property are twenty to twenty-five years. The estimated useful lives of furniture and equipment range from three to eight years. Depreciation expense from continuing operations was $1.5 million and $1.2 million for 2019 and 2018, respectively.
The Company leases a portion of its headquarters facility to various tenants. Net rent received from these leases totaled $0.3 million and $0.4 million for 2019 and 2018, respectively.
Table:
 | December 31, | 
 | (in thousands) | 
 | 2019 | 2018
Land | $199 | $199
Building and improvements | 6,983 | 6,983
Rental property | 2,749 | 2,749
Software | 12,015 | 2,226
Furniture and equipment | 11,755 | 10,274
Construction in process | 480 | 8,519
 | 34,181 | 30,950
Less accumulated depreciation | (19,830) | (18,375)
 | $ 14,351 | $ 12,575


Question: What was the Depreciation expense from continuing operations for 2019 and 2018 respectively?
Answer: $1.5 million, $1.2 million
PRODUCTS
Our primary product is drinkable kefir, a cultured dairy product. Lifeway Kefir is tart and tangy, high in protein, calcium and vitamin D. Thanks to our exclusive blend of kefir cultures, each cup of kefir contains 12 live and active cultures and 15 to 20 billion beneficial CFU (Colony Forming Units) at the time of manufacture.
We manufacture (directly or through co-packers) our products under our own brand, as well as under private labels on behalf of certain customers. As of December 31, 2019, Lifeway offered approximately 20 varieties of our kefir products including more than 60 flavors . In addition to our core drinkable kefir products, we offer several lines of products developed through our innovation and development efforts. These include Kefir Cups, a strained, cupped version of our kefir; and Organic Farmer Cheese Cups, a cupped version of our soft cheeses, both served in resealable 5 oz. containers. We also offer Skyr, a strained cupped Icelandic yogurt; Plantiful, a plant-based probiotic beverage made from organic and non-GMO pea protein with 10 vegan kefir cultures; a line of probiotic supplements for adults and children; and a soft serve kefir mix.
Our product categories are:
• Drinkable Kefir, sold in a variety of organic and non-organic sizes, flavors, and types, including low fat, non-fat, whole milk, protein, and BioKefir (a 3.5 oz. kefir with additional probiotic cultures). • European-style soft cheeses, including farmer cheese in resealable cups. • Cream and other, which consists primarily of cream, a byproduct of making our kefir. • ProBugs, a line of kefir products designed for children. • Other Dairy, which includes Cupped Kefir and Icelandic Skyr, a line of strained kefir and yogurt products in resealable cups. • Frozen Kefir, available in both soft serve and pint-size containers.
Net sales of products by category were as follows for the years ended December 31:
(a) Includes Lifeway Kefir Shop sales
Table:
 |  | 2019 |  | 2018
In thousands | $ | % | $ | %
Drinkable Kefir other than ProBugs | $ 71,822 | 77% | $ 78,523 | 76%
Cheese | 11,459 | 12% | 11,486 | 11%
Cream and other | 4,228 | 4% | 5,276 | 5%
ProBugs Kefir | 2,780 | 3% | 2,795 | 3%
Other dairy | 1,756 | 2% | 3,836 | 4%
Frozen Kefir (a) | 1,617 | 2% | 1,434 | 1%
Net Sales | $ 93,662 | 100% | $ 103,350 | 100%


Question: What is the difference in net sales between drinkable Kefir other than ProBugs and Cheese in 2019?
Answer: 60363
Calculation: 71,822-11,459
Stock options
The following tables summarize our stock option activities and related information:
(1) The aggregate intrinsic value represents the excess of the closing price of our common stock of $6.87 as of December 31, 2019 over theexercise price of the outstanding in-the-money options.
Table:
 | Number of Shares (thousands) | Weighted-Average Exercise Price | Weighted-Average Remaining Contractual Term (years) | Aggregate Intrinsic Value(1) (thousands)
Outstanding as of December 31, 2018 | 4,674 | $5.19 |  | 
Granted | — | $ — |  | 
Exercised | (842) | $2.84 |  | 
Canceled | (130) | $9.41 |  | 
Outstanding as of December 31, 2019 | 3,702 | $5.57 | 3.52 | $6,395
Vested and exercisable as of December 31, 2019 | 3,427 | $5.49 | 3.56 | $6,210


Question: What is the number of shares exercised as of December 31, 2018? 
Answer: (842)
Insurance Segment
(1) The Insurance segment revenues are inclusive of realized and unrealized gains and net investment income for the year ended December 31, 2019 and 2018. Such adjustments are related to transactions between entities under common control which are eliminated or are reclassified in consolidation.
Life, accident and health earned premiums, net: Life, accident and health earned premiums, net from our Insurance segment for the year ended December 31, 2019 increased $22.4 million to $116.8 million from $94.4 million for the year ended December 31, 2018. The increase was primarily due to the premiums generated from the acquisition of KIC in 2018.
Net investment income: Net investment income from our Insurance segment for the year ended December 31, 2019 increased $95.8 million to $212.9 million from $117.1 million for the year ended December 31, 2018. The increase was primarily due to the income generated from the assets acquired in the KIC acquisition, higher average invested assets as a result of the reinvestment of premiums and investment income received, and to a lesser extent, rotation into higher-yielding investments.
Net realized and unrealized gains on investments: Net realized and unrealized gains on investments from our Insurance segment for the year ended December 31, 2019 decreased $3.7 million to $1.9 million from $5.6 million for the year ended December 31, 2018. The decrease was driven by smaller realized gains on bonds and common stocks, higher impairments, and losses on fair value changes on interest only bonds in 2019. The decrease was offset by overall improvement in fair value changes in equity securities and realized gains on mortgage loans in 2019.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | Increase / (Decrease)
Life, accident and health earned premiums, net | $116.8 | $94.4 | $22.4
Net investment income | 212.9 | 117.1 | 95.8
Net realized and unrealized gains on investments | 1.9 | 5.6 | (3.7)
Net revenue | 331.6 | 217.1 | 114.5
Policy benefits, changes in reserves, and commissions | 234.4 | 197.3 | 37.1
Selling, general and administrative | 35.7 | 30.4 | 5.3
Depreciation and amortization | (23.1) | (12.4) | (10.7)
Other operating expense | 47.3 | — | 47.3
Income from operations (1) | $37.3 | $1.8 | $35.5


Question: What is the average net investment income?
Answer: 165
Calculation: (212.9 + 117.1) / 2
Notes to Consolidated Financial Statements (continued)
Reconciliations of total segment net revenues and total segment operating income to consolidated net revenues and consolidated income before income tax expense are presented in the table below (amounts in millions):
(1) Includes other income and expenses from operating segments managed outside the reportable segments, including our Distribution business. Also includes unallocated corporate income and expenses.
(2) Reflects the net effect from recognition (deferral) of deferred net revenues, along with related cost of revenues, on certain of our online-enabled products.
(3) Intersegment revenues reflect licensing and service fees charged between segments.
(4) Reflects fees and other expenses, such as legal, banking, and professional services fees, related to the acquisition of King and associated integration activities, including related debt financings.
(5) Reflects restructuring initiatives, which include severance and other restructuring-related costs.
(6) Reflects a non-cash accounting charge to reclassify certain cumulative translation gains (losses) into earnings due to the substantial liquidation of certain of our foreign entities.
(7) Reflects the impact of other unusual or unique tax-related items and activities.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Reconciliation to consolidated net revenues: |  |  | 
Segment net revenues | $5,969 | $6,835 | $6,765
Revenues from non-reportable segments (1) | 462 | 480 | 410
Net effect from recognition (deferral) of deferred net revenues (2) | 101 | 238 | (139)
Elimination of intersegment revenues (3) | (43) | (53) | (19)
Consolidated net revenues | $6,489 | $7,500 | $7,017
Reconciliation to consolidated income before income tax expense: |  |  | 
Segment operating income | $2,054 | $2,446 | $2,417
Operating income (loss) from non-reportable segments (1) | 24 | 31 | (19)
Net effect from recognition (deferral) of deferred net revenues and related cost of revenues (2) | 52 | 100 | (71)
Share-based compensation expense | (166) | (209) | (178)
Amortization of intangible assets | (203) | (370) | (757)
Fees and other expenses related to the acquisition of King (4) | — | — | (15)
Restructuring costs (5) | (137) | (10) | (15)
Other non-cash charges (6) | — | — | (14)
Discrete tax-related items (7) | (17) | — | (39)
Consolidated operating income | 1,607 | 1,988 | 1,309
Interest and other expense (income), net | (26) | 71 | 146
Loss on extinguishment of debt | — | 40 | 12
Consolidated income before income tax expense | $1,633 | $1,877 | $1,151


Question: What was the change in consolidated net revenues between 2018 and 2019?
Answer: -1011
Calculation: ($6,489-$7,500)
Defined Benefit Pension Plans
We recognize the funded status of each defined pension benefit plan as the difference between the fair value of plan assets and the projected benefit obligation of the employee benefit plans in the Consolidated Balance Sheets, with a corresponding adjustment to accumulated other comprehensive loss, net of taxes. Each overfunded plan is recognized as an asset and each underfunded plan is recognized as a liability on our Consolidated Balance Sheets. Subsequent changes in the funded status are reflected on the Consolidated Balance Sheets in unrecognized pension items, a component of AOCL, which are included in total stockholders’ deficit. The amount of unamortized pension items is recorded net of tax.
We have amortized actuarial gains or losses over the average future working lifetime (or remaining lifetime of inactive participants if there are no active participants). We have used the corridor method, where the corridor is the greater of ten percent of the projected benefit obligation or fair value of assets at year end. If actuarial gains or losses do not exceed the corridor, then there is no amortization of gain or loss.
During the year ended December 31, 2017, several of our pension plans transferred in the sale of Diversey. Two international plans were split between Diversey and Sealed Air at the close of the sale. Unless noted, the tables in this disclosure show only activity related to plans retained by Sealed Air.
The following table shows the components of our net periodic benefit cost for the three years ended December 31, for our pension plans charged to operations:
(1) The amount recorded in inventory for the years ended December 31, 2019, 2018 and 2017 was not material.
Table:
 |  | Year Ended December 31, | 
(In millions) | 2019 | 2018 | 2017
Net periodic benefit (income) cost: |  |  | 
U.S. and international net periodic benefit cost included in cost of sales(1) | $ 1.1 | $ 0.8 | $ 1.4
U.S. and international net periodic benefit cost included in selling, general and administrative expenses | 2.8 | 3.5 | 5.6
U.S. and international net periodic benefit (income) included in other (income) expense | (4.4) | (8.4) | (6.0)
Total benefit (income) cost | (0.5 ) | (4.1 ) | $ 1.0


Question: What is the average annual Total benefit (income) cost?
Answer: -1.2
Calculation: (-0.5+-4.1+1)/3
A. Operating Results
YEAR ENDED DECEMBER 31, 2019 COMPARED TO YEAR ENDED DECEMBER 31, 2018
Management believes that net voyage revenue, a non-GAAP financial measure, provides additional meaningful information because it enables us to compare the profitability of our vessels which are employed under bareboat charters, spot related time charters and spot charters. Net voyage revenues divided by the number of days on the charter provides the Time Charter Equivalent (TCE) Rate. Net voyage revenues and TCE rates are widely used by investors and analysts in the tanker shipping industry for comparing the financial performance of companies and for preparing industry averages. We believe that our method of calculating net voyage revenue is consistent with industry standards. The table below reconciles our net voyage revenues to voyage revenues.
Table:
 |  | Years Ended December 31,     | 
All figures in USD ‘000  | 2019 | 2018 | Variance 
Voyage Revenue   | 317,220 | 289,016 | 9.8%
Voyage Expenses   | (141,770) | (165,012) | (14.1%)
Vessel Operating Expenses   | (66,033) | (80,411) | (17.9%)
Impairment Loss on Vessels   | - | (2,168) | N/A 
Impairment Loss on Goodwill   | - | - | N/A 
Loss from Disposal of Vessels   | - | (6,619) | N/A 
General and Administrative Expenses   | (13,481) | (12,727) | 5.9%
Depreciation Expenses   | (63,965) | (60,695) | 5.4%
Net Operating (Loss) Income   | 31,971 | (38,616) | (182.8%)
Interest Income   | 298 | 334 | (10.8%)
Interest Expenses   | (38,390) | (34,549) | 11.1%
Other Financial Expenses   | (4,231) | (14,808) | (71.4%)
Equity Loss from Associate   | - | (7,667) | N/A 
Net (Loss) Income   | (10,352) | (95,306) | (89.1%)


Question: What is the percentage change in the vessel operating expenses between 2018 and 2019?
Answer: -17.88
Calculation: (66,033 - 80,411)/80,411
F. Tabular Disclosure of Contractual Obligations
The following table sets forth our contractual obligations and commitments with definitive payment terms on a consolidated basis which will require significant cash outlays in the future as of December 31, 2019.
(1) Assuming the domestic bonds are paid off upon maturity.
(2) Represents our obligations to make lease payments mainly to use machineries, equipment, office and land on which our fabs are located, primarily in the Hsinchu Science Park and the Tainan Science Park in Taiwan, Pasir Ris Wafer Fab Park in Singapore.
(3) Represents commitments for purchase of raw materials and construction contracts, intellectual properties and royalties payable under our technology license agreements. These commitments include the amounts which are not recorded on our balance sheet as of December 31, 2019.
(4) Represents the guarantee deposits and financial liability for the repurchase of other investors’ investment. The amounts of payments due under these agreements are determined based on fixed contract amounts.
Table:
 |  |  | Payments Due by Period |  | 
 | Total | Less than 1 Year | 1-3 Years | 4-5 Years | After 5 Years
 |  |  | (in NT$ millions)$ millions) |  | 
Long-term debt(1) |  |  |  |  | 
Unsecured bonds | 39,940 | 20,660 | 10,590 | 8,690 | —
Loans | 51,058 | 18,316 | 19,632 | 13,098 | 12
Lease obligations(2) | 7,128 | 741 | 1,414 | 1,181 | 3,792
Purchase obligations(3) | 38,878 | 29,832 | 2,845 | 1,810 | 4,391
Other long-term obligations(4) | 21,411 | 101 | 12,765 | 8,446 | 99
Total contractual cash obligations | 158,415 | 69,650 | 47,246 | 33,225 | 8,294


Question: What does other long-term obligation include?
Answer: Represents the guarantee deposits and financial liability for the repurchase of other investors’ investment
(b) Purchase Commitments with Contract Manufacturers and Suppliers
We purchase components from a variety of suppliers and use several contract manufacturers to provide manufacturing services for our products. During the normal course of business, in order to manage manufacturing lead times and help ensure adequate component supply, we enter into agreements with contract manufacturers and suppliers that either allow them to procure inventory based upon criteria as defined by us or establish the parameters defining our requirements. A significant portion of our reported purchase commitments arising from these agreements consists of firm, noncancelable, and unconditional commitments. Certain of these purchase commitments with contract manufacturers and suppliers relate to arrangements to secure long-term pricing for certain product components for multi-year periods. In certain instances, these agreements allow us the option to cancel, reschedule, and adjust our requirements based on our business needs prior to firm orders being placed.
The following table summarizes our purchase commitments with contract manufacturers and suppliers (in millions):
We record a liability for firm, noncancelable, and unconditional purchase commitments for quantities in excess of our future demand forecasts consistent with the valuation of our excess and obsolete inventory. As of July 27, 2019 and July 28, 2018, the liability for these purchase commitments was $129 million and $159 million, respectively, and was included in other current liabilities.
Table:
Commitments by Period | July 27, 2019 | July 28, 2018
Less than 1 year | $4,239 | $5,407
1 to 3 years | 728 | 710
3 to 5 years | — | 360
Total | $4,967 | $6,477


Question: What was the percentage change in total purchase commitments between 2018 and 2019?
Answer: -23.31
Calculation: (4,967-6,477)/6,477
Deferred revenue primarily consists of amounts that have been invoiced but not yet been recognized as revenue and consists of performance obligations pertaining to support and subscription services. During the years ended December 31, 2019 and 2018, we recognized revenue of $63.2 million and $60.2 million, related to deferred revenue at the beginning of the period.
Deferred revenue consisted of the following (in thousands):
Table:
 | December 31, 2019 | December 31, 2018
Deferred revenue: |  | 
Products | $6,593 | $5,216
Services | 94,571 | 92,750
Total deferred revenue | 101,164 | 97,966
Less: current portion | (62,233) | (63,874)
Non-current portion | $38,931 | $34,092


Question: What is the revenue recognized related to deferred revenue in 2018?
Answer: $63.2 million
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 was the realized gain on the oil derivative instrument?
Answer: $26.7 million