hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Fourth quarter gross profit was $1,081 million and gross margin was 39.3%. On a sequential basis, gross margin increased 140 basis points, mainly driven by improved product mix and better manufacturing efficiencies.
Gross margin decreased 70 basis points year-over-year, mainly impacted by price pressure and unsaturation charges, partially offset by improved manufacturing efficiencies, better product mix and favorable currency effects, net of hedging.
Table:
 |  | Three Months Ended |  | Variation | 
 | December 31, 2019 | September 29, 2018 | December 31, 2018 | Sequential | Year-Over-Year
 |  | (Unaudited, in millions) |  |  | 
Gross profit | $ 1,081 | $ 967 | $ 1,059 | 11.8% | 2.0%
Gross margin (as percentage of net revenues) | 39.3% | 37.9% | 40.0% | +140 bps | -70 bps


Question: What is the increase/ (decrease) in Gross profit from the period December 31, 2018 to 2019?
Answer: 22
Calculation: 1,081-1,059
1. Description of the business and summary of significant accounting policies: (Continued)
Shares of restricted stock are included in the computation of basic EPS as they vest and are included in diluted EPS, to the extent they are dilutive, determined using the treasury stock method.
The following details the determination of the diluted weighted average shares:
Table:
 | Year Ended December 31, 2019 | Year Ended December 31, 2018 | Year Ended December 31, 2017
Weighted average common shares—basic | 45,542,315 | 45,280,161 | 44,855,263
Dilutive effect of stock options | 32,222 | 33,134 | 31,534
Dilutive effect of restricted stock | 505,858 | 467,659 | 297,406
 | 46,080,395 | 45,780,954 | 45,184,203


Question: What are the respective number of basic weighted average common shares in 2017 and 2018?
Answer: 44,855,263, 45,280,161
RESULTS OF OPERATIONS
Revenue
(1) Reflects client arrangements (term license, cloud, and maintenance) that are subject to renewal.
We expect our revenue mix to continue to shift in favor of our subscription offerings, particularly cloud arrangements, which could result in slower total revenue growth in the near term. Revenue from cloud arrangements is generally recognized over the service period, while revenue from term and perpetual license arrangements is generally recognized upfront when the license rights become effective.
Subscription revenue
The increase in cloud revenue in 2019 reflects the shift in client preferences to cloud arrangements from other types of arrangements. The increase in term license revenue in 2019 was due to several large, multi-year term license contracts executed in 2019. This increase was partially offset by term license contracts with multi-year committed maintenance periods, where a greater portion of the contract value is allocated to maintenance.
The increase in maintenance revenue in 2019 was primarily due to the continued growth in the aggregate value of the installed base of our software and strong renewal rates in excess of 90%
Perpetual license
The decrease in perpetual license revenue in 2019 reflects the shift in client preferences in favor of our subscription offerings, particularly cloud arrangements
Consulting
Our consulting revenue fluctuates depending upon the mix of new implementation projects we perform as compared to those performed by our enabled clients or led by our partners. See "Our consulting revenue is significantly dependent upon our consulting personnel implementing new license and cloud arrangements" in Item 1A of this Annual Report for additional information.
The decrease in consulting revenue in 2019 was primarily due to a decrease in billable hours.
Table:
(Dollars in thousands) | 2019 |  | 2018 |  | Change | 
Cloud | $133,746 | 15% | 82,627 | 9% | $51,119 | 62%
Term license | 199,433 | 22% | 178,256 | 20% | 21,177 | 12%
Maintenance | 280,580 | 30% | 263,875 | 30% | 16,705 | 6%
Subscription (1) | 613,759 | 67% | 524,758 | 59% | 89,001 | 17%
Perpetual license | 80,015 | 9% | 109,863 | 12% | (29,848) | (27)%
Consulting | 217,609 | 24% | 256,960 | 29% | (39,351) | (15)%
 | $911,383 | 100% | $891,581 | 100% | $19,802 | 2%


Question: What is the percentage change in revenue from maintenance between 2018 and 2019?
Answer: 6.33
Calculation: (280,580 - 263,875)/263,875
15. Product Warranties
The Company generally provides its customers with a one-year warranty regarding the manufactured quality and functionality of its products. For some limited products, the warranty period has been extended. The Company establishes warranty reserves based on its product history, current information on repair costs and annual sales levels. As of April 30, 2019, and 2018, respectively, changes in the carrying amount of accrued product warranty costs, reported in accrued expenses on the consolidated balance sheet, were as follows (in thousands):
Table:
 | 2019 | 2018
Balance at beginning of year | $520 | $557
Warranty costs incurred | (398) | (40)
Product warranty accrual | 407 | 3
Balance at end of year | $529 | $520


Question: What is the beginning balance in 2019 and 2018 respectively?
Answer: $520, $557
NOTE 5 – PROPERTY AND EQUIPMENT
The Company owned equipment recorded at cost, which consisted of the following as of December 31, 2019 and 2018:
Depreciation expense was $80,206 and $58,423 for the years ended December 31, 2019 and 2018, respectively
Table:
 | 2019 | 2018
Computer equipment | $137,763 | $94,384
Furniture and fixtures | 187,167 | 159,648
Subtotal | 324,930 | 254,032
Less accumulated depreciation | 148,916 | 104,702
Property and equipment, net | $176,014 | $149,330


Question: What is the ratio of depreciation expense to accumulated depreciation of property and equipment in 2019?
Answer: 0.54
Calculation: 80,206/148,916
27 Financial risk management (continued)
The table below summarises the Group’s exposure to foreign exchange risk as well as the foreign exchange rates applied:
The approximate impact of a 10 per cent appreciation in foreign exchange rates would be a positive movement of £50.0 million (2018: £63.4 million) to equity attributable to owners of the Group. The approximate impact of a 10 per cent depreciation in foreign exchange rates would be a negative movement of £40.9 million (2018: £51.9 million) to equity attributable to owners of the Group. There is no material income statement impact as these exchange differences are recognised in other comprehensive income.
As part of the strategy to mitigate the Group’s exposure to foreign exchange risk, the Group is able to borrow part of its RCF in euros, up to €100 million. The RCF borrowings denominated in euros have been designated as a hedging instrument (net investment hedge) against the Group’s net investment in Spain with the hedged risk being the changes in the euro/pounds sterling spot rate that will result in changes in the value of the Group’s net investments in Spain. At 31 December 2019, €100 million (2018: €100 million) was drawn in euros.
Table:
 | 2019 | 2018 | 2019 | 2018
 | €m | €m | INRm | INRm
Net exposure | 468.9 | 555.7 | 5,072.4 | 6,274.5
Foreign exchange rate | 1.1825 | 1.1126 | 94.4586 | 88.3432


Question: What is the change in the negative movement of money to equity attributable to owners of the Group when there is a 10 per cent depreciation in foreign exchange rates from 2018 to 2019?
Answer: -11
Calculation: 40.9-51.9
2. Inventories
Inventories as of September 28, 2019 and September 29, 2018 consisted of the following (in thousands):
In certain circumstances, per contractual terms, customer deposits are received by the Company to offset obsolete and excess inventory risks. The total amount of customer deposits related to inventory and included within current liabilities on the accompanying Consolidated Balance Sheets as of September 28, 2019 and September 29, 2018 was $136.5 million and $87.7 million, respectively.
In fiscal 2019, the Company adopted and applied Topic 606 to all contracts using the modified retrospective method of adoption. The prior year comparative information has not been restated and continues to be reported under the accounting standards in effect for fiscal 2018. Refer to Note 15, "Revenue from Contracts with Customers," for further information.
Table:
 | 2019 | 2018
Raw materials | $577,545 | $579,377
Work-in-process  | 49,315 | 102,337
Finished goods  | 74,078 | 112,632
Total inventories, net | $700,938 | $794,346


Question: What was the amount of Work-in-process in 2018?
Answer: 102,337
GreenSky, Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
(United States Dollars in thousands, except per share data, unless otherwise stated)
Note 4. Loan Receivables Held for Sale
The following table summarizes the activity in the balance of loan receivables held for sale, net at lower of cost or fair value during the periods indicated.
(1) Includes accrued interest and fees, recoveries of previously charged-off loan receivables held for sale, as well as proceeds from transferring our rights to Charged-Off Receivables attributable to loan receivables held for sale. We retain servicing arrangements on sold loan receivables with the same terms and conditions as loans that are originated by our Bank Partners. Income from loan receivables held for sale activities is recorded within interest income and other gains (losses), net in the Consolidated Statements of Operations. We sold loan receivables held for sale to certain Bank Partners on the following dates during the years ended December 31:
(2) We temporarily hold certain loan receivables, which are originated by a Bank Partner, while non-originating Bank Partner eligibility is being determined. Once we determine that a loan receivable meets the investment requirements of an eligible Bank Partner, we transfer the loan receivable to the Bank Partner at cost plus any accrued interest. The reported amount also includes loan receivables that have been placed on non-accrual and non-payment status while we investigate consumer inquiries.
(3) We received recovery payments of $50, $57 and $238 during the years ended December 31, 2019, 2018 and 2017, respectively. Recoveries of principal and finance charges and fees on previously written off loan receivables held for sale are recognized on a collected basis as other gains and interest income, respectively, in the Consolidated Statements of Operations. Separately, during the years ended December 31, 2019, 2018, and 2017, write offs and other were reduced by $312, $431, and $406, respectively, related to cash proceeds received from transferring our rights to Charged-Off Receivables attributable to loan receivables held for sale. The cash proceeds received were recorded within other gains (losses), net in the Consolidated Statements of Operations.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Beginning balance | $2,876 | $73,606 | $41,268
Additions | 157,928 | 93,240 | 134,659
Proceeds from sales and borrower payments(1) | (104,858) | (161,009) | (93,044)
Loss on sale | — | — | (500)
Increase in valuation allowance | (1,289) | (92) | (584)
Transfers(2) | 251 | 22 | (5,017)
Write offs and other(3) | (2,982) | (2,891) | (3,176)
Ending balance | $51,926 | $2,876 | $73,606


Question: What was the percentage change in the Write offs and other between 2018 and 2019?
Answer: 0.03
Calculation: (-2,982-(-2,891))/-2,891
Fees Paid to the Independent Registered Public Accounting Firm
The following table presents fees for professional audit services and other services rendered to our company by KPMG for our fiscal years ended December 31, 2017 and 2018.
(1) Audit Fees consist of professional services rendered in connection with the audit of our annual consolidated financial statements, including audited financial statements presented in our Annual Report on Form 10-K for the fiscal years ended December 31, 2017 and 2018 and services that are normally provided by the independent registered public accountants in connection with statutory and regulatory filings or engagements for those fiscal years.
(2) Audit-Related Fees consist of fees for professional services for assurance and related
services that are reasonably related to the performance of the audit or review of our consolidated financial statements and are not reported under “Audit Fees.” These services could include accounting consultations concerning financial accounting and reporting standards, due diligence procedures in connection with acquisition and procedures related to other attestation services.
(3) Tax Fees consist of fees for professional services for tax compliance, tax advice and tax planning. These services include consultation on tax matters and assistance regarding federal, state and international tax compliance.
(4) All Other Fees consist of license fees for the use of accounting research software.
Table:
 | 2017 | 2018
 | (In Thousands) | (In Thousands)
Audit Fees (1) | $3,747 | $4,476
Audit-Related Fees (2) | — | —
Tax Fees (3) | — | —
All Other Fees (4) | $3 | $3
Total Fees | $3,750 | $4,479


Question: What is the average total fees paid to KPMG from 2017 to 2018?
Answer: 4114.5
Calculation: (3,750 + 4,479) / 2
5.3.4 HOOQ's share options - equity-settled arrangement
In December 2015, HOOQ Digital Pte. Ltd. (“HOOQ”), a 65%-owned subsidiary of the Company, implemented the HOOQ Digital Employee Share Option Scheme (the “Scheme”). Selected employees (including executive directors) of HOOQ and/or its subsidiaries are granted options to purchase ordinary shares of HOOQ.
Options are exercisable at a price no less than 100% of the fair value of the ordinary shares of HOOQ on the date of grant, and are scheduled to be fully vested 4 years from the vesting commencement date.
Options are exercisable at a price no less than 100% of the fair value of the ordinary shares of HOOQ on the date of grant, and are scheduled to be fully vested 4 years from the vesting commencement date.
The grant dates, exercise prices and fair values of the share options were as follows –
The term of each option granted is 10 years from the date of grant.
The fair values for the share options granted were estimated using the Black-Scholes pricing model.
From 1 April 2018 to 31 March 2019, options in respect of an aggregate of 9.6 million of ordinary shares in HOOQ have been granted. As at 31 March 2019, options in respect of an aggregate of 43.3 million of ordinary shares in HOOQ are outstanding.
Table:
Equity-settled | Exercise price | Fair Value at grant date
Date of grant | US$ | US$
16 May 2016 | 0.07 | 0.0445 to 0.0463
24 April 2017 | 0.07 | 0.0301 to 0.0315
2 May 2017 | 0.07 | 0.0292 to 0.0313
31 July 2017 | 0.07 | 0.0313 to 0.0315
8 September 2017 | 0.07 | 0.0296 to 0.0298
23 October 2017 | 0.07 | 0.0309 to 0.0320
10 January 2018 | 0.07 | 0.0316 to 0.0318
1 April 2018 | 0.07 | 0.0360 to 0.0366
1 July 2018 | 0.07 | 0.0368 to 0.0373
19 October 2018 | 0.07 | 0.0371 to 0.0374
31 January 2019 | 0.07 | 0.0367 to 0.0369


Question: On how many different occasions did Singtel grant share options in 2017?
Answer: 5
Calculation: 24 April## 2 May## 31 July## 8 September## 23 October
Note 18 – Restructuring
During the second half of 2019, the Company implemented a restructuring plan to realign its expense structure with the reduction in revenue experienced in recent years and overall Company objectives. Management assessed the efficiency of our operations and consolidated locations and personnel, among other things, where possible. As part of this restructuring plan, the Company announced plans to reduce its overall operating expenses, both in the U.S and internationally.
In February 2019, the Company announced the restructuring of certain of our workforce predominantly in Germany, which included the closure of our office location in Munich, Germany accompanied by relocation or severance benefits for the affected employees. We also offered voluntary early retirement to certain other employees, which was announced in March 2019.
In January 2018, the Company announced an early retirement incentive program for employees that met certain defined requirements. The cumulative amount incurred during the year ended December 31, 2018 related to this restructuring program was $7.3 million. We did not incur any additional expenses related to this restructuring program during the year ended December 31, 2019.
A reconciliation of the beginning and ending restructuring liability, which is included in accrued wages and benefits in the Consolidated Balance Sheets as of December 31, 2019 and 2018, is as follows:
Table:
(In thousands) | 2019 | 2018
Balance at beginning of period | $185 | $205
Plus: Amounts charged to cost and expense | 6,014 | 7,261
Less: Amounts paid | (4,631) | (7,281)
Balance at end of period | $1,568 | $185


Question: What was the change in the balance at the beginning of the period and end of the period in 2019?
Answer: 1383
Calculation: $1,568-$185
VMware and Pivotal Stock Options
The following table summarizes stock option activity for VMware and Pivotal since February 3, 2017 (shares in thousands):
(1) The weighted-average exercise price of options outstanding as of February 1, 2019 reflects the adjustments to the options as a result of the Special Dividend.
(2) Stock option granted under the VMware equity plan includes 0.6 million options issued for unvested options assumed as part of the Pivotal acquisition.
(3) Stock options forfeited under the Pivotal equity plan includes 6.2 million options converted to VMware options as part of the Pivotal acquisition, using a conversion ratio of 0.1.
(4) Stock options exercised under the Pivotal equity plan includes 22.4 million of vested options that were settled in cash as part of the Pivotal acquisition.
The above table includes stock options granted in conjunction with unvested stock options assumed in business combinations. As a result, the weighted-average exercise price per share may vary from the VMware stock price at time of grant
The stock options outstanding as of January 31, 2020 had an aggregate intrinsic value of $239 million based on VMware’s closing stock price as of January 31, 2020.
Table:
 |  | VMware Stock Options |  | Pivotal Stock Options
 | Number of Shares | Weighted-Average Exercise Price (per share) | Number of Shares | Weighted-Average Exercise Price (per share)
Outstanding, February 3, 2017 | 1,991 | $69.38 | 39,361 | $6.72
Granted | 745 | 13.79 | 20,323 | 9.73
Forfeited | (36) | 55.44 | (2,380) | 8.13
Expired | (3) | 93.87 | (1,290) | 6.24
Exercised | (1,050) | 53.50 | (1,626) | 5.99
Outstanding, February 2, 2018 | 1,647 | 54.63 | 54,388 | 7.82
Granted | 574 | 16.07 | 2,832 | 14.03
Special Dividend adjustment | 348 | n/a | n/a | n/a
Forfeited | (31) | 24.44 | (2,028) | 9.35
Expired | — | — | (273) | 7.02
Exercised | (569) | 46.73 | (9,018) | 6.89
Outstanding, February 1, 2019(1) | 1,969 | 36.50 | 45,901 | 8.31
Granted(2) | 1,571 | 73.19 | — | —
Forfeited(3) | (149) | 52.83 | (10,822) | 10.65
Expired | — | — | (128) | 10.10
Exercised(4) | (776) | 39.94 | (34,951) | 7.59
Outstanding, January 31, 2020 | 2,615 | 56.58 | — | —


Question: What was the outstanding number of shares for VMware stock options in 2017?
Answer: 1,991
vornado realty trust notes to consolidated financial statements ( continued ) 17 . leases as lessor : we lease space to tenants under operating leases . most of the leases provide for the payment of fixed base rentals payable monthly in advance . office building leases generally require the tenants to reimburse us for operating costs and real estate taxes above their base year costs . shopping center leases provide for pass-through to tenants the tenant 2019s share of real estate taxes , insurance and maintenance . shopping center leases also provide for the payment by the lessee of additional rent based on a percentage of the tenants 2019 sales . as of december 31 , 2011 , future base rental revenue under non-cancelable operating leases , excluding rents for leases with an original term of less than one year and rents resulting from the exercise of renewal options , is as follows : ( amounts in thousands ) year ending december 31: .

Table:
2012 | $ 1807885
2013 | 1718403
2014 | 1609279
2015 | 1425804
2016 | 1232154
thereafter | 6045584
these amounts do not include percentage rentals based on tenants 2019 sales .
these percentage rents approximated $ 8482000 , $ 7912000 and $ 8394000 , for the years ended december 31 , 2011 , 2010 and 2009 , respectively .
none of our tenants accounted for more than 10% ( 10 % ) of total revenues in any of the years ended december 31 , 2011 , 2010 and 2009 .
former bradlees locations pursuant to a master agreement and guaranty , dated may 1 , 1992 , we are due $ 5000000 per annum of additional rent from stop & shop which was allocated to certain bradlees former locations .
on december 31 , 2002 , prior to the expiration of the leases to which the additional rent was allocated , we reallocated this rent to other former bradlees leases also guaranteed by stop & shop .
stop & shop is contesting our right to reallocate and claims that we are no longer entitled to the additional rent .
on november 7 , 2011 , the court determined that we have a continuing right to allocate the annual rent to unexpired leases covered by the master agreement and guaranty and directed entry of a judgment in our favor ordering stop & shop to pay us the unpaid annual rent ( see note 20 2013 commitments and contingencies 2013 litigation ) .
as of december 31 , 2011 , we have a $ 41983000 receivable from stop and shop. .

Question: did future base rental revenue under non-cancelable operating leases , excluding rents for leases with an original term of less than one year and rents resulting from the exercise of renewal options , decrease from 2012 to 2013?
Answer: yes
Calculation: greater(1807885, 1718403)
Value-at-Risk (VaR)
We employ various tools to monitor our derivative risk, including value-at-risk ("VaR") models. We perform simulations using historical data to estimate potential losses in the fair value of current derivative positions. We use price and volatility information for the prior 90 days in the calculation of VaR that is used to monitor our daily risk. The purpose of this measurement 45 is to provide a single view of the potential risk of loss associated with derivative positions at a given point in time based on recent changes in market prices. Our model uses a 95% confidence level. Accordingly, in any given one-day time period, losses greater than the amounts included in the table below are expected to occur only 5% of the time. We include commodity swaps, futures, and options and foreign exchange forwards, swaps, and options in this calculation. The following table provides an overview of our average daily VaR for our energy, agriculture, and foreign exchange positions for fiscal 2019 and 2018.
Table:
 | Fair Value Impact | 
In Millions | Average During the Fiscal Year Ended May 26, 2019 | Average During the Fiscal Year Ended May 27, 2018
Processing Activities |  | 
Energy commodities | $0.4 | $0.2
Agriculture commodities | 0.4 | 0.4
Other commodities | 0.1 | —
Foreign exchange | 0.7 | 0.7


Question: What is the percentage change in the average fair value impact of energy commodities from 2018 to 2019?
Answer: 100
Calculation: (0.4-0.2)/0.2
The majority of the Company's revenues are generated from U.S. government contracts, either as a prime contractor or as a subcontractor to other contractors. Revenues from the U.S. government can be adversely impacted by spending caps or changes in budgetary priorities of the U.S. government, as well as delays in program start dates or the award of a contract.
Disaggregated revenues by contract-type were as follows:
Table:
Year Ended January 3, 2020 |  |  |  | 
 | Defense Solutions | Civil | Health | Total
(in millions) |  |  |  | 
Cost-reimbursement and fixed-price-incentive-fee | $3,697 | $1,997 | $234 | $5,928
Firm-fixed-price | 1,203 | 1,075 | 1,296 | 3,574
Time-and-materials and fixed-price-level-of-effort | 466 | 564 | 444 | 1,474
Total | $5,366 | $3,636 | $1,974 | $10,976


Question: What was the difference in the Cost-reimbursement and fixed-price-incentive-fee between Civil and Health?
Answer: 1763
Calculation: 1,997 - 234