hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
2017 Restructuring Plan
On September 15, 2016, the Company’s Board of Directors formally approved a restructuring plan to better align the Company’s global capacity and administrative support infrastructure to further optimize organizational effectiveness. This action includes headcount reductions across the Company’s selling, general and administrative cost base and capacity realignment in higher cost locations (the “2017 Restructuring Plan”).
The 2017 Restructuring Plan, totaling $195.0 million in restructuring and other related costs, is complete as of August 31, 2019.
The tables below summarize the Company’s liability activity, primarily associated with the 2017 Restructuring Plan (in thousands):
Table:
 | Employee Severance and Benefit Costs | Lease Costs | Asset Write-off Costs | Other Related Costs | Total
Balance as of August 31, 2017 | $ 33,580 | $1,665 | $ — | $ 3,143 | $38,388
Restructuring related charges | 16,269 | 1,596 | 16,264 | 2,773 | 36,902
Asset write-off charge and other non-cash activity | (127) | 525 | (16,264) | 25 | (15,841)
Cash payments | (31,591) | (1,102) | — | (5,419) | (38,112)
Balance as of August 31, 2018 | 18,131 | 2,684 | — | 522 | 21,337
Restructuring related charges | 16,029 | (41) | (3,566) | 2,071 | 14,493
Asset write-off charge and other non-cash activity | (494) | — | 3,566 | (18) | 3,054
Cash payments | (30,504) | (663) | — | (1,786) | (32,953)
Balance as of August 31, 2019 | $3,162 | $1,980 | $— | $789 | $5,931


Question: What was the total balance as of August 31, 2019?
Answer: $5,931
Acquisition-Related Expenses
We have incurred acquisition-related expenses related to our acquisition of Level 3. The table below summarizes our acquisition-related expenses, which consist of integration and transformation-related expenses, including severance and retention compensation expenses, and transaction-related expenses:
At December 31, 2019, we had incurred cumulative acquisition-related expenses of $950 million for Level 3. The total amounts of these expenses are included in our selling, general and administrative expenses.
Level 3 incurred transaction-related expenses of $47 million on the date of acquisition. This amount is not included in our results of operations.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
 |  | (Dollars in millions) | 
Transaction-related expenses | $— | 2 | 174
Integration and transformation-related expenses | 234 | 391 | 97
Total acquisition-related expenses | $234 | 393 | 271


Question: Which year incurred the lowest amount of total acquisition-related expenses?
Answer: 2019
Calculation: 234<271<393
13. Net Loss Per Share
Basic net loss per share is computed using the weighted average number of shares of common stock outstanding for the period, excluding stock options and restricted stock units. Diluted net loss per share is based upon the weighted average number of shares of common stock outstanding for the period and potentially dilutive common shares, including the effect of stock options and restricted stock units under the treasury stock method. The following table sets forth the computation of the numerators and denominators used in the basic and diluted net loss per share amounts:
(1) The effect of dilutive securities of 3.1 million, 4.5 million, and 4.6 million shares for the fiscal years ended January 31, 2019, 2018, and 2017, respectively, have been excluded from the calculation of diluted net loss per share as those shares would have been anti-dilutive due to the net loss incurred during those fiscal years.
The computation of diluted net loss per share does not include shares that are anti-dilutive under the treasury stock method because their exercise prices are higher than the average market value of Autodesk’s stock during the fiscal year. The effect of 0.5 million, 0.5 million, and 0.1 million potentially anti-dilutive shares were excluded from the computation of net loss per share for the fiscal years ended January 31, 2019, 2018, and 2017, respectively.
Table:
 |  | Fiscal Year Ended January 31, | 
 | 2019 | 2018 | 2017
Numerator: |  |  | 
Net loss | $(80.8) | $(566.9) | $(582.1)
Denominator: |  |  | 
Denominator for basic net loss per share—weighted average shares | 218.9 | 219.5 | 222.7
Effect of dilutive securities (1) | — | — | —
Denominator for dilutive net loss per share | 218.9 | 219.5 | 222.7
Basic net loss per share | $(0.37) | $(2.58) | $(2.61)
Diluted net loss per share | $(0.37) | $(2.58) | $(2.61)


Question: How much was the average basic net loss per share from 2017 to 2019?
Answer: 1.85
Calculation: (0.37+2.58+2.61)/3
Net Profit After Tax
Net profit after tax increased by 41.1% to US$52.9 million from US$37.5 million in the previous year.
The effective tax rate for the year was 8% (2018: 6%). This reflects the tax utilisation of the deferred tax asset recognised as a result of both temporary differences arising on relocation of Altium’s core business assets to the USA. Altium will continue to utilize the tax benefits and re-evaluate the valuation of the deferred tax asset on an annual basis.
For more details on revenue, refer to Note 3 of the annual report.
Table:
 |  | Consolidated | 
 | 2019 | 2018 | Change
Product Revenue | US$’000 | US$’000 | %
Altium Designer software licenses | 62,377 | 51,309 | 22%
Altium Designer subscriptions | 58,468 | 51,522 | 13%
Octopart search advertising | 17,940 | 11,968 | 50%
TASKING software licenses | 12,293 | 8,526 | 44%
TASKING maintenance | 5,741 | 4,709 | 22%
Altium Nexus | 6,635 | 4,848 | 37%
Service revenue | 3,655 | 4,833 | (25%)
Other | 4,710 | 2,461 | 91%
Total Product Revenue | 171,819 | 140,176 | 23%


Question: What is the effective tax rate for 2019?
Answer: 8%
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 sales and marketing in 2018?
Answer: $1,196
D) SHARE-BASED PAYMENT PLANS
The Corporation offers an Employee Stock Purchase Plan for the benefit of its employees and those of its subsidiaries and a Stock Option Plan to its executive officers and designated employees. No more than 10% of the outstanding subordinate voting shares are available for issuance under these plans. Furthermore, the Corporation offers an Incentive Share Unit Plan ("ISU Plan") and a Performance Share Unit Plan ("PSU Plan") for executive officers and designated employees, and a Deferred Share Unit Plan ("DSU Plan") for members of the Board of Directors ("Board").
Stock purchase plan The Corporation offers, for the benefit of its employees and those of its subsidiaries, an Employee Stock Purchase Plan, which is accessible to all employees up to a maximum of 7% of their base annual salary and the Corporation contributes 25% of the employee contributions. The subscriptions are made monthly and employee subordinate voting shares are purchased on the stock market.
Stock option plan A total of 3,432,500 subordinate voting shares are reserved for the purpose of the Stock Option Plan. The minimum exercise price at which options are granted is equal to the market value of such shares at the time the option is granted. Options vest equally over a period of five years beginning one year after the day such options are granted and are exercisable over ten years.
Under the Stock Option Plan, the following options were granted by the Corporation and are outstanding at August 31:
(1) For the year ended August 31, 2019, the Corporation granted 97,725 (126,425 in 2018) stock options to Cogeco's executive officers as executive officers of the Corporation. (2) The weighted average share price for options exercised during the year was $92.43 ($83.46 in 2018).
Table:
Years ended August 31, |  | 2019 |  | 2018
 | Options | Weighted average exercise price | Options | Weighted average exercise price
 |  | $ |  | $
Outstanding, beginning of the year | 819,393 | 65.27 | 652,385 | 56.61
Granted (1) | 201,525 | 65.62 | 281,350 | 85.08
Exercised (2) | (170,754) | 57.28 | (60,337) | 57.77
Cancelled | (134,550) | 72.43 | (54,005) | 72.28
Outstanding, end of the year | 715,614 | 65.93 | 819,393 | 65.27
Exercisable, end of the year | 264,374 | 55.99 | 277,108 | 49.76


Question: What is the average Outstanding, end of the year options from 2018 to 2019?
Answer: 767503.5
Calculation: (715,614 + 819,393) / 2
sales of unregistered securities not applicable . repurchases of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2017 to december 31 , 2017 . total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 .

Table:
 | total number ofshares ( or units ) purchased1 | average price paidper share ( or unit ) 2 | total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3 | maximum number ( orapproximate dollar value ) of shares ( or units ) that may yet be purchasedunder the plans orprograms3
october 1 - 31 | 1231868 | $ 20.74 | 1230394 | $ 214001430
november 1 - 30 | 1723139 | $ 18.89 | 1722246 | $ 181474975
december 1 - 31 | 1295639 | $ 20.25 | 1285000 | $ 155459545
total | 4250646 | $ 19.84 | 4237640 | 
1 included shares of our common stock , par value $ 0.10 per share , withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) .
we repurchased 1474 withheld shares in october 2017 , 893 withheld shares in november 2017 and 10639 withheld shares in december 2017 , for a total of 13006 withheld shares during the three-month period .
2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our share repurchase program , described in note 5 to the consolidated financial statements , by the sum of the number of withheld shares and the number of shares acquired in our share repurchase program .
3 in february 2017 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2017 share repurchase program 201d ) .
on february 14 , 2018 , we announced that our board had approved a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock .
the new authorization is in addition to any amounts remaining for repurchase under the 2017 share repurchase program .
there is no expiration date associated with the share repurchase programs. .

Question: what is the total cash outflow for the repurchase of shares in the last three months of year , ( in millions ) ?
Answer: 84.3
Calculation: multiply(4250646, 19.84), divide(#0, const_1000000)
AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed) net foreign currency losses
(“AOCL”) in the consolidated balance sheets and included as a component of Comprehensive income in the consolidated
statements of comprehensive income.
Gains and losses on foreign currency transactions are reflected in Other expense in the consolidated statements of operations. However, the effect from fluctuations in foreign currency exchange rates on intercompany debt for which repayment is not anticipated in the foreseeable future is reflected in AOCL in the consolidated balance sheets and included as a component of Comprehensive income.
The Company recorded the following net foreign currency losses:
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Foreign currency losses recorded in AOCL | $45.8 | $385.8 | $51.6
Foreign currency (gains) losses recorded in Other expense | (6.1) | 4.5 | (26.4)
Total foreign currency losses | $39.7 | $390.3 | $25.2


Question: What was the change in Foreign currency losses recorded in AOCL between 2018 and 2019?
Answer: -340
Calculation: $45.8-$385.8
Accounts Receivable and Allowance for Doubtful Accounts
The majority of our accounts receivable are derived from sales to large multinational semiconductor manufacturers throughout the world, are recorded at their invoiced amount and do not bear interest.
In order to monitor potential credit losses, we perform ongoing credit evaluations of our customers' financial condition. An allowance for doubtful accounts is maintained based upon our assessment of the expected collectability of all accounts receivable. The allowance for doubtful accounts is reviewed and assessed for adequacy on a quarterly basis.
We take into consideration (1) any circumstances of which we are aware of a customer's inability to meet its financial obligations and (2) our judgments as to prevailing economic conditions in the industry and their impact on our customers. If circumstances change, and the financial condition of our customers is adversely affected and they are unable to meet their financial obligations, we may need to take additional allowances, which would result in an increase in our operating expense.
Activity related to our allowance for doubtful accounts receivable was as follows (in thousands):
Table:
 |  | Fiscal Year Ended | 
 | December 28, 2019 | December 29, 2018 | December 30, 2017
Balance at beginning of year | $185 | $200 | $299
Charges (reversals) to costs and expenses | 37 | (15) | (99)
Balance at end of year | $222 | $185 | $200


Question: What was the Charges (reversals) to costs and expenses in 2019, 2018 and 2017 respectively?
Answer: 37, (15), (99)
Summarized financial information concerning our segments is shown in the tables below (in millions):
(1) Revenues for Corporate and Other represent deferred revenue purchase accounting adjustments recorded in accordance with GAAP.
(2) Operating expenses for Corporate and Other includes equity-based compensation, including certain related payroll taxes, of $51.7 million, $51.4 million and $19.2 million for the years ended December 31, 2019, 2018 and 2017, respectively.
(4) Depreciation and amortization for Corporate and Other primarily represents net incremental depreciation and amortization adjustments associated with the application of purchase accounting recorded in accordance with GAAP.
(5) Transition and integration costs primarily consists of costs associated with executive transition, transition-related costs as we transferred certain corporate functions from FNF and acquisitions.
(6) Receivables from related parties are included in Corporate and Other.
Table:
 |  |  | Year ended December 31, 2018 |  | 
 | Software Solutions | Data and Analytics | Corporate and Other |  | Total
Revenues | $962.0 | $154.5 | $(2.5) | (1) | $1,114.0
Expenses: |  |  |  |  | 
Operating expenses | 394.8 | 115.0 | 115.6 | (2) | 625.4
Transition and integration costs | — | — | 6.6 | (5) | 6.6
EBITDA | 567.2 | 39.5 | (124.7) |  | 482.0
Depreciation and amortization | 112.9 | 14.1 | 90.0 | (4) | 217.0
Operating income (loss) | 454.3 | 25.4 | (214.7) |  | 265.0
Interest expense, net |  |  |  |  | (51.7)
Other expense, net |  |  |  |  | (7.1)
Earnings before income taxes |  |  |  |  | 206.2
Income tax expense |  |  |  |  | 37.7
Net earnings |  |  |  |  | $168.5
Balance sheet data: |  |  |  |  | 
Total assets | $3,227.8 | $310.2 | $115.4 | (6) | $3,653.4
Goodwill | $2,157.6 | $172.1 | $— |  | $2,329.7


Question: What were the operating expenses for Software Solutions?
Answer: 394.8
The following table sets forth activity during the years ended December 31, 2019 and 2018 related to finite-lived intangible assets:
The Company regularly reviews the carrying amounts of its long-lived assets subject to depreciation and amortization, as well as the related useful lives, to determine whether indicators of impairment may exist which warrant adjustments to carrying values or estimated useful lives. An impairment loss is recognized when the sum of the expected future undiscounted net cash flows is less than the carrying amount of the asset.
Should impairment exist, the impairment loss is measured based on the excess of the carrying amount of the asset over the asset’s fair value. During the years ended December 31, 2019 and 2017, no impairment losses related to finite-lived intangible assets were recognized. Impairment loss related to finite-lived intangible assets for the year ended December 31, 2018 was $2.2 million and related to acquired developed technology.
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
 | (in thousands) | 
Beginning balance | $240,500 | $310,645
Other additions | 86 | —
Transfers to developed technology from IPR&D | 4,400 | —
Amortization | (57,015) | (67,947)
Impairment losses | — | (2,198)
Ending balance | $187,971 | 240,500


Question: What was the Impairment loss related to finite-lived intangible assets in 2018?
Answer: $2.2 million
The components of the provision for income taxes attributable to continuing operations are as follows (in thousands):
On a consolidated basis, the Company has incurred operating losses and has recorded a full valuation allowance against its US, UK, New Zealand, Hong Kong, and Brazil deferred tax assets for all periods to date and, accordingly, has not recorded a provision (benefit) for income taxes for any of the periods presented other than a provision (benefit) for certain foreign and state income taxes. Certain foreign subsidiaries and branches of the Company provide intercompany services and are compensated on a cost-plus basis, and therefore, have incurred liabilities for foreign income taxes in their respective jurisdictions.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Current income tax provision: |  |  | 
Federal | $— | $— | $—
State | 225 | 204 | 114
Foreign | 2,467 | 2,514 | 1,580
Total current income tax provision | 2,692 | 2,718 | 1,694
Deferred income tax benefit: |  |  | 
Federal | $— | — | $—
State | — | — | —
Foreign | (2) | (123) | 52
Total deferred income tax benefit | (2) | (123) | 52
Total income tax provision | $2,690 | $2,595 | $1,746


Question: What is the change in foreign income tax provision between 2018 and 2019?
Answer: -47
Calculation: (2,467-2,514)
EBITDA: TORM defines EBITDA as earnings before financial income and expenses, depreciation, impairment, amortization and taxes. The computation of EBITDA refers to financial income and expenses which the Company deems to be equivalent to “interest” for purposes of presenting EBITDA. Financial expenses consist of interest on borrowings, losses on foreign exchange transactions and bank charges. Financial income consists of interest income and gains on foreign exchange transactions.
EBITDA is used as a supplemental financial measure by Management and external users of financial statements, such as lenders, to assess TORM's operating performance as well as compliance with the financial covenants and restrictions contained in the Company's financing agreements. TORM believes that EBITDA assists Management and investors by increasing comparability of the Company's performance from period to period. This increased comparability is achieved by excluding the potentially disparate effects of interest, depreciation, impairment, amortization and taxes. These are items that could be affected by various changing financing methods and capital structure and which may significantly affect profit/(loss) between periods. Including EBITDA as a measure benefits investors in selecting between investment alternatives.
EBITDA excludes some, but not all, items that affect profit/(loss), and these measures may vary among other companies and not be directly comparable. The following table reconciles EBITDA to net profit/ (loss), the most directly comparable IFRS financial measure, for the periods presented:
Table:
USDm | 2019 | 2018 | 2017
Reconciliation to net profit/(loss) |  |  | 
Net profit/(loss) for the year | 166.0 | -34.8 | 2.4
Tax | 0.8 | 1.6 | 0.8
Financial expenses | 41.9 | 39.3 | 40.6
Financial income | -2.8 | -3.3 | -4.3
Depreciation | 110.1 | 114.5 | 114.5
Impairment (reversal)/losses on tangible assets | -114.0 | 3.2 | 3.6
EBITDA | 202.0 | 120.5 | 157.6


Question: In which year was the amount of Financial expenses the largest?
Answer: 2019
Calculation: 41.9>40.6>39.3