hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Changes in Accumulated Other Comprehensive Income (Loss)
The following table summarizes the changes in accumulated other comprehensive income (loss), which is reported as a component of shareholders’ equity, for the years ended December 31, 2019 and 2018:
Expressed in US $000's except share and per share amounts
Table:
 | Accumulated Other Comprehensive Income (Loss) | 
 | Years ended | 
 | December 31, 2019 | December 31, 2018
 | $ | $
Balance, beginning of the year | (12,216) | 3,435
 |  | 
Other comprehensive income (loss) before reclassifications | 12,865 | (19,821)
Loss on cash flow hedges reclassified from accumulated other comprehensive income (loss) to earnings were as follows: |  | 
Cost of revenues | 279 | 255
Sales and marketing | 1,538 | 1,224
Research and development | 2,620 | 2,063
General and administrative | 744 | 628
Tax effect on unrealized gain (loss) on cash flow hedges | (4,784) | —
Other comprehensive income (loss), net of tax | 13,262 | (15,651)
Balance, end of the year | 1,046 | (12,216)


Question: What is the accumulated other comprehensive income at the beginning of 2018?
Answer: 3,435
Capital reserve and reserves retained from earnings
Prior to the effective date of the reclassification and demerger of CECONOMY AG on 12 July 2017, METRO AG was not yet a group within the meaning of IFRS 10. Accordingly, combined financial statements of METRO Wholesale & Food Specialist GROUP (hereinafter: MWFS GROUP) were prepared for the IPO prospectus of METRO AG. Equity in the combined financial statements was the residual amount from the combined assets and liabilities of MWFS GROUP. Following the demerger, METRO became an independent group with METRO AG as the listed parent company. Therefore, the equity in the consolidated financial statements is subdivided according to legal requirements. The subscribed capital of €363 million and the capital reserve of €6,118 million were recognised at the carrying amounts from the METRO AG Annual Financial Statements as of 30 September 2017. For this purpose, a transfer was made from the equity item net assets, recognised as of 1 October 2016, attributable to the former METRO GROUP of the combined financial statements of MWFS GROUP. The remaining negative amount of this equity item was reclassified to reserves retained from earnings. It cannot be traced back to a history of loss.
Reserves retained from earnings can be broken down as follows:
1 Previous year: gains/losses on remeasuring financial instruments in the category ‘available for sale’.
2 Adjustment of previous year according to explanation in notes.
Table:
€ million | 30/9/2018 | 30/9/2019
Effective portion of gains/losses from cash flow hedges | 0 | 2
Equity and debt instruments1 | 9 | −3
Currency translation differences from translating the financial statements of foreign operations | −738 | −602
Remeasurement of defined benefit pension plans | −410 | −500
Income tax on components of other comprehensive income | 91 | 106
Other reserves retained from earnings | −2,401 2 | −2,782
 | −3,449 | −3,778


Question: What was the change in the Income tax on components of other comprehensive income in FY2019 from FY2018?
Answer: 15
Calculation: 106-91
1.2 Data Centres
Note: 1. Due to its business nature, the significant air emissions of the Group are GHG emissions, arising mainly from fuels and purchased electricity produced from fossil fuels.
2. The Group’s GHG inventory includes carbon dioxide, methane and nitrous oxide. GHG emissions data for the year ended 31 December 2019 is presented in carbon dioxide equivalent and is calculated based on the “2017 Baseline Emission Factors for Regional Power Grids in China for CDM and CCER Projects” issued by the Ministry of Ecology and Environment of China, and the “2006 IPCC Guidelines for National Greenhouse Gas Inventories” issued by the Intergovernmental Panel on Climate Change (IPCC).
3. Diesel is consumed by backup power generators.
4. Hazardous waste produced by the Group’s office buildings mainly includes waste toner cartridge and waste ink cartridge from printing equipment. Waste toner cartridge and waste ink cartridge are centralised and disposed of by printing suppliers. Such data covers all office buildings of the Group in Mainland China.
5. Non-hazardous waste produced by the Group’s office buildings mainly includes domestic waste and non-hazardous office waste. Domestic waste is disposed of by the property management companies and kitchen waste recycling vendors, and its data is not available, therefore estimation of domestic waste is made with reference to “Handbook on Domestic Discharge Coefficients for Towns in the First Nationwide Census on Contaminant Discharge” published by the State Council. Non-hazardous office waste is centralised for disposal by vendors; hence such data covers all office buildings of the Group in Mainland China.
6. Hazardous waste produced by the Group’s data centres mainly includes waste lead-acid accumulators. Waste lead-acid accumulators are disposed of by qualified waste recycling vendors.
7. Non-hazardous waste produced by the Group’s data centres mainly includes waste servers and waste hard drives. Waste servers and destroyed waste hard drives are centralised and recycled by waste recycling vendors. Such data covers all the Group’s data centres.
Table:
Indicators | For the year ended 31 December | 
 | 2019 | 2018
Total GHG emissions (Scopes 1 and 2) (tonnes) | 743,287.01 | 612,521.16
Direct GHG emissions (Scope 1) (tonnes) | 316.35 | 36.76
Including: Diesel (tonnes) | 316.35 | 36.76
Indirect GHG emissions (Scope 2) (tonnes) | 742,970.66 | 612,484.40
Including: Purchased electricity (tonnes) | 742,970.66 | 612,484.40
Hazardous waste (tonnes) | 8.00 | –
Non-hazardous waste (tonnes) | 1,811.27 | 1,350.76


Question: What is the change between 2018 and 2019 Total GHG emissions in tonnes?
Answer: 130765.85
Calculation: 743,287.01-612,521.16
Contract Balances
The following table provides information about contract assets and contract liabilities from contracts with customers (amounts in thousands):
Contract assets, reported within current assets and other long-term assets in the consolidated balance sheets, primarily result from revenue being recognized when a license is delivered and payments are made over time. Contract liabilities primarily relate to advance consideration received from customers, deferred revenue, for which transfer of control occurs, and therefore revenue is recognized, as services are provided. Contract balances are reported in a net contract asset or liability position on a contract-by-contract basis at the end of each reporting period. The Company recognized $4.4 million of revenue during the year ended September 30, 2019 that was included in the contract liability balance at the beginning of the period.
Table:
 | September 30, 2019 | October 1, 2018
Contract assets, current | $2,350 | $169
Contract assets, non-current | 581 | 507
Contract liabilities, current | 5,612 | 4,281
Contract liabilities, non-current | 736 | 485


Question: What is the percentage change of total balances of contract assets, including current and non-current, from 2018 to 2019?
Answer: 333.58
Calculation: ((2,350+581)-(169+507))/(169+507)
Our CODM evaluates each segment based on Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (“Adjusted EBITDA”), and we therefore consider Adjusted EBITDA to be a primary measure of operating performance of our operating segments. We define Adjusted EBITDA as earnings before investment income, interest expense, taxes, depreciation, amortization and stock-based compensation and other adjustments as identified below. The adjustments to our financial results prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) to calculate Adjusted EBITDA are itemized below (in thousands):
It is not practicable for us to report identifiable assets by segment because these businesses share resources, functions and facilities
We do not have significant long-lived assets outside the United States.
Table:
 |  | Year Ended February 28, | 
 | 2019 | 2018 | 2017
Net income (loss) | $18,398 | $16,617 | $(7,904)
Investment income | (5,258) | (2,256) | (1,691)
Interest expense | 16,726 | 10,280 | 9,896
Income tax provision (benefits) | (1,330) | 10,681 | (1,563)
Depreciation and amortization | 20,016 | 22,957 | 23,469
Stock-based compensation | 11,029 | 9,298 | 7,833
Impairment loss and equity in net loss of affiliate | 6,787 | 1,411 | 1,284
Loss on extinguishment of debt | 2,033 | - | -
Acquisition and integration related expenses | 935 | - | 4,513
Non-recurring legal expenses, net of reversal of litigation |  |  | 
provision | (11,020) | 10,738 | 9,192
Gain on LoJack battery performance legal Settlement | (18,333) | (28,333) | -
Restructuring | 8,015 | - | -
Other | 217 | 989 | 4,339
Adjusted EBITDA | $48,215 | $52,382 | $49,368


Question: Why is it not practicable to report identifiable assets by segment?
Answer: because these businesses share resources, functions and facilities
condition are valued using a monte carlo model . expected volatility is based on historical volatilities of traded common stock of the company and comparative companies using daily stock prices over the past three years . the expected term is three years and the risk-free interest rate is based on the three-year u.s . treasury rate in effect as of the measurement date . the following table provides the weighted average assumptions used in the monte carlo simulation and the weighted average grant date fair values of psus granted for the years ended december 31: .

Table:
 | 2018 | 2017 | 2016
expected volatility | 17.23% ( 17.23 % ) | 17.40% ( 17.40 % ) | 15.90% ( 15.90 % )
risk-free interest rate | 2.36% ( 2.36 % ) | 1.53% ( 1.53 % ) | 0.91% ( 0.91 % )
expected life ( years ) | 3.0 | 3.0 | 3.0
grant date fair value per share | $ 73.62 | $ 72.81 | $ 77.16
the grant date fair value of psus that vest ratably and have market and/or performance conditions are amortized through expense over the requisite service period using the graded-vesting method .
if dividends are paid with respect to shares of the company 2019s common stock before the rsus and psus are distributed , the company credits a liability for the value of the dividends that would have been paid if the rsus and psus were shares of company common stock .
when the rsus and psus are distributed , the company pays the participant a lump sum cash payment equal to the value of the dividend equivalents accrued .
the company accrued dividend equivalents totaling $ 1 million , less than $ 1 million and $ 1 million to accumulated deficit in the accompanying consolidated statements of changes in shareholders 2019 equity for the years ended december 31 , 2018 , 2017 and 2016 , respectively .
employee stock purchase plan the company maintains a nonqualified employee stock purchase plan ( the 201cespp 201d ) through which employee participants may use payroll deductions to acquire company common stock at a discount .
prior to february 5 , 2019 , the purchase price of common stock acquired under the espp was the lesser of 90% ( 90 % ) of the fair market value of the common stock at either the beginning or the end of a three -month purchase period .
on july 27 , 2018 , the espp was amended , effective february 5 , 2019 , to permit employee participants to acquire company common stock at 85% ( 85 % ) of the fair market value of the common stock at the end of the purchase period .
as of december 31 , 2018 , there were 1.9 million shares of common stock reserved for issuance under the espp .
the espp is considered compensatory .
during the years ended december 31 , 2018 , 2017 and 2016 , the company issued 95 thousand , 93 thousand and 93 thousand shares , respectively , under the espp. .

Question: what was the purchase price of common stock acquired under the espp in 2018?
Answer: 66.26
Calculation: multiply(90%, 73.62)
The line “Construction in progress” in the table above includes property, plant and equipment under construction and equipment under qualification before operating.
On January 1, 2019, the Company adopted the new guidance on lease accounting and lease right-of-use assets are included in plant, property and equipment. The impact of the adoption of this new guidance is further described in Note 11.
The depreciation charge was $785 million, $727 million and $592 million in 2019, 2018 and 2017, respectively.
As described in Note 7, the acquisition of Norstel resulted in the recognition of property, plant and equipment of $11 million.
Table:
December 31, 2019 | Gross Cost | Accumulated Depreciation | Net Cost
Land | 78 | — | 78
Buildings | 905 | (505) | 400
Facilities & leasehold improvements | 3,193 | (2,762) | 431
Machinery and equipment | 15,336 | (12,790) | 2,546
Computer and R&D equipment | 382 | (335) | 47
Operating lease right-of-use assets | 266 | (60) | 206
Other tangible assets | 110 | (93) | 17
Construction in progress | 282 | — | 282
Total | 20,552 | (16,545) | 4,007
December 31, 2018 | Gross Cost | Accumulated Depreciation | Net Cost
Land | 79 | — | 79
Buildings | 902 | (487) | 415
Facilities & leasehold improvements | 3,170 | (2,748) | 422
Machinery and equipment | 14,882 | (12,582) | 2,300
Computer and R&D equipment | 381 | (334) | 47
Other tangible assets | 123 | (93) | 30
Construction in progress | 202 | — | 202
Total | 19,739 | (16,244) | 3,495


Question: How much recognition of property, plant and equipment led to the acquisition of Norstel?
Answer: $11 million.
DEVELOPMENT OF EMPLOYEE NUMBERS BY SEGMENTS
By headcount1 as of closing date of 30/9
1 Excluding METRO China.
Table:
 | 2018 | 2019
METRO | 92,603 | 89,574
METRO Germany | 13,711 | 13,606
METRO Western Europe (excl.Germany) | 27,207 | 27,227
METRO Russia | 13,960 | 12,357
METRO Eastern Europe (excl.Russia) | 29,060 | 28,375
METRO Asia | 8,665 | 8,009
Others | 7,008 | 7,152
METROAG | 909 | 880
Total | 100,520 | 97,606


Question: What is excluded in the headcount as of closing date of 30/9?
Answer: METRO China.
The tax holidays represent a tax exemption period aimed to attract foreign technological investment in certain tax jurisdictions. The effect of the tax benefits, from tax holidays for countries which are profitable, on basic earnings per share was $0.14, $0.15 and $0.13 for the years ended December 31, 2019, 2018, and 2017, respectively. These agreements are present in various countries and include programs that reduce up to and including 100% of taxes in years affected by the agreements.
The Company’s tax holidays expire at various dates through the year ending December 31, 2028. In certain countries, tax holidays can be renewed depending on the Company still meeting certain conditions at the date of expiration of the current tax holidays.
In May 2019, Switzerland voted a tax reform which cancelled all favourable tax regimes and introduced a single tax rate for all companies, which triggered the revaluation of all deferred tax assets and liabilities. Enactment of this law occurred in third quarter of 2019, which resulted in a tax benefit of $20 million. The remeasurement of deferred taxes was reconciled in the fourth quarter of 2019 to include the current year activity, which did not have a material impact on the net remeasurement.
Table:
 | Year ended December 31, 2019 | Year ended December 31, 2018 | Year ended December 31, 2017
Income tax benefit (expense) computed at statutory rate | (297) | (353) | (238)
Non-deductible and non-taxable permanent differences, net | 4 | 45 | 17
Income (loss) on equity-method investments | — | — | —
Valuation allowance adjustments | 2 | 141 | 92
Effect on deferred taxes of changes in enacted tax rates | 14 | (62) | (70)
Current year credits | 50 | 43 | 40
Other tax and credits | (51) | (20) | (36)
Benefits from tax holidays | 129 | 135 | 114
Net impact of changes to uncertain tax positions | (5) | (16) | (43)
Earnings of subsidiaries taxed at different rates | (2) | (9) | (19)
Income tax benefit (expense) | (156) | (96) | (143)


Question: What was the tax benefit of the enactment of the tax reform introduced by Switzerland in third quarter 2019?
Answer: $20 million
Fees Paid to our Independent Auditor
The following table sets forth the fees billed to us by Ernst & Young LLP for services in fiscal 2019 and 2018, all of which
were pre-approved by the Audit Committee.
(1) In accordance with the SEC’s definitions and rules, “audit fees” are fees that were billed to Systemax by Ernst & Young LLP for
the audit of our annual financial statements, to be included in the Form 10-K, and review of financial statements included in the
Form 10-Qs; for the audit of our internal control over financial reporting with the objective of obtaining reasonable assurance about
whether effective internal control over financial reporting was maintained in all material respects; for the attestation of management’s
report on the effectiveness of internal control over financial reporting; and for services that are normally provided by the auditor
in connection with statutory and regulatory filings or engagements.
(2) “Audit-related fees” are fees for assurance and related services that are reasonably related to the performance of the audit or
review of our financial statements and internal control over financial reporting, including services in connection with assisting
Systemax in our compliance with our obligations under Section 404 of the Sarbanes-Oxley Act and related regulations.
(3) Ernst & Young LLP did not provide any professional services for tax compliance, planning or advice in 2019 or 2018.
(4) Consists of fees billed for other professional services rendered to Systemax.
Table:
Fee Category | 2019 ($) | 2018 ($)
Audit fees (1) | 1,196,000 | 1,257,000
Audit-related fees (2) | 0 | 15,000
Tax fees (3) | 0 | 0
All other fees (4) | 2,000 | 2,000
Total | 1,198,000 | 1,274,000


Question: What does "all other fee" refer to?
Answer: fees billed for other professional services rendered to Systemax.
Stock Options
Stock options granted pursuant to the 2016 Incentive Plan are granted at an exercise price not less than the market value per share of the Company’s common stock on the date of grant. Under the 2016 Incentive Plan, the term of the outstanding options may not exceed ten years nor be less than one year. Vesting of options is determined by the compensation committee of the board and the administrator of the 2016 Incentive Plan and can vary based upon the individual award agreements. In addition, outstanding options do not have dividend equivalent rights associated with them under the 2016 Incentive Plan.
A summary of stock option activity is as follows:
The weighted average grant date fair value of stock options granted during the years ended December 31, 2018 and 2017, was $7.03 and $6.24, respectively. The Company did not grant stock options during the year ended December 31, 2019. The total intrinsic value of stock options exercised during the years ended December 31, 2019, 2018, and 2017, was $16.0 million, $15.8 million, and $13.4 million, respectively.
Table:
 | Number of Shares | Weighted Average Exercise Price ($) | Weighted Average Remaining Contractual Term (Years) | Aggregate Intrinsic Value of In-the- Money Options ($)
Outstanding, December 31, 2018 | 4,864,836 | $17.76 |  | 
Exercised | -854,524 | 15.78 |  | 
Forfeited | -3,496 | 17.89 |  | 
Outstanding, December 31, 2019 | 4,006,816 | $18.18 | 3.71 | $78,949,941
Exercisable, December 31, 2019 | 3,462,664 | $17.86 | 3.70 | $69,349,255


Question: What is the change in the number of shares between outstanding and exercisable stock options as of December 31, 2019?
Answer: 544152
Calculation: 4,006,816-3,462,664
REPURCHASE OF COMPANY SHARES
The Company repurchased a total of 75,113 and 74,880 shares of its common stock during fiscal 2019 and fiscal 2018, respectively, for cash totaling approximately $7.5 million and $7.7 million, respectively. All repurchased shares were recorded in treasury stock at cost. At September 2019, 34,846 shares of the Company’s common shares remained authorized for repurchase in either the open market or privately negotiated transactions, as previously approved by the Company’s Board of Directors. In October 2019, our Board of Directors renewed the repurchase authorization for up to 75,000 shares of the Company’s common stock.
During the fourth quarter of fiscal 2019, the Company repurchased shares of its common stock for cash totaling approximately $4.3 million. The following table summarizes these repurchases made by or on behalf of our Company or certain affiliated purchasers of shares of our common stock for the quarterly period ended September 30, 2019:
* In October 2019 and subsequent to the end of fiscal 2019, our Board of Directors authorized purchases of up to
75,000 shares of our Company’s common stock in open market or negotiated transactions. Management was
given discretion to determine the number and pricing of the shares to be purchased, as well as the timing of any
such purchases.
Table:
Period | (a) Total Number of Shares (or Units) Purchased | (b) Average Price Paid per Share (or Unit) | (c) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs | (d) Maximum Number (or Approximate Dollar Value) of Shares (or Unites) that May Yet Be Purchased Under the Plans or Programs*
July 1-31, 2019 | 293 | $ 99.35 | 293 | 74,706
August 1 - 31, 2019 | 39,769 | 107.71 | 39,769 | 34,937
September 1 - 30, 2019 | 91 | 75.51 | 91 | 34,846
Total | 40,153 | $ 107.58 | 40,153 | 34,846


Question: What is the percentage change in the number of shares (or units) purchased by the company between August and September 2019?
Answer: -99.77
Calculation: (91 - 39,769)/39,769