hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Deferred income taxes are recorded for differences in the basis of assets and liabilities for financial reporting purposes and tax reporting purposes. Deferred tax assets (liabilities) were comprised of the following:
At January 3, 2020, the Company had state net operating losses of $77 million and state tax credits of $7 million. Both will begin to expire in fiscal 2020; however, the Company expects to utilize $24 million and $7 million of these state net operating losses and state tax credits, respectively. The Company also had foreign net operating losses of $44 million, which do not expire. The Company expects to utilize $9 million of these foreign net operating losses.
Our valuation allowance for deferred tax assets was $20 million and $28 million as of January 3, 2020 and December 28, 2018, respectively. The valuation allowance decreased by $8 million primarily due to the sale of the commercial cybersecurity business and releases related to the expected utilization of certain carryover attributes, partially offset by an increase related to foreign withholding taxes.
Table:
 | January 3, 2020 | December 28, 2018
 | (in millions) | 
Operating lease liabilities | $115 | $—
Accrued vacation and bonuses | 54 | 48
Reserves | 46 | 57
Deferred compensation | 26 | 25
Credits and net operating losses carryovers | 25 | 31
Vesting stock awards | 18 | 20
Accumulated other comprehensive loss | 12 | —
Deferred rent and tenant allowances | 4 | 18
Investments | 2 | 18
Deferred gain | — | 20
Other | 9 | 13
Total deferred tax assets | 311 | 250
Valuation allowance | (20) | (28)
Deferred tax assets, net of valuation allowance | 291 | 222
Purchased intangible assets | $(339) | $(326)
Operating lease right-of-use assets | (103) | —
Deferred revenue | (17) | (40)
Employee benefit contributions | (6) | (4)
Accumulated other comprehensive income | — | (6)
Partnership interest | — | (2)
Other | (10) | (14)
Total deferred tax liabilities | (475) | (392)
Net deferred tax liabilities | $(184) | $(170)


Question: In which period was Operating lease liabilities less than 100 million?
Answer: 2018
Calculation: Locate and analyze operating lease liability in row 3
Cost of Revenues
Cost of Subscription Solutions
Cost of subscription solutions increased $27.2 million, or 26.9%, for the year ended December 31, 2019 compared to the same period in 2018. The increase was primarily due to higher third-party infrastructure and hosting costs. The increase was also due to an increase in costs necessary to support a greater number of merchants using our platform, resulting in an increase in: credit card fees for processing merchant billings, employee-related costs, amortization of technology related to enhancing our platform, payments to third-party partners for the registration of domain names, and payments to third-party theme developers. As a percentage of revenues, costs of subscription solutions decreased from 9.4% in 2018 to 8.1% in 2019 due to a decrease in third-party infrastructure and hosting costs and employee-related costs as a percentage of revenue in 2019.
Cost of subscription solutions increased $39.7 million, or 64.8%, for the year ended December 31, 2018 compared to the same period in 2017. The increase was primarily due to higher third-party infrastructure and hosting costs as well as higher employee-related costs.
Cost of Merchant Solutions
Cost of merchant solutions increased $208.4 million, or 55.4%, for the year ended December 31, 2019 compared to the same period in 2018. The increase was primarily due to the increase in GMV facilitated through Shopify Payments, which resulted in higher payment processing and interchange fees. The increase was also due to higher amortization, largely related to the technology resulting from the 6RS acquisition, higher product costs associated with expanding our product offerings and higher credit card fees for processing merchant billings. Cost of merchant solutions as a percentage of revenues increased from 35.0% in 2018 to 37.0% in 2019, mainly as a result of Shopify Payments representing a larger percentage of total revenue.
Cost of merchant solutions increased $144.2 million, or 62.2%, for the year ended December 31, 2018 compared to the same period in 2017. The increase was primarily due to the increase in GMV facilitated through Shopify Payments, which resulted in payment processing fees, including interchange fees, increasing for the year ended December 31, 2018 as compared to the same period in 2017.
Table:
 | Years ended December 31 |  |  | 2019 vs 2018 | 2018 vs 2017
 | 2019 | 2018 | 2017 | % | %
 | (in thousands, except percentages) |  |  |  | 
Cost of revenues: |  |  |  |  | 
Cost of subscription solutions | $ 128,155 | $ 100,990 | $ 61,267 | 26.9 % | 64.8 %
Cost of merchant solutions | 584,375 | 375,972 | 231,784 | 55.4 % | 62.2 %
Total cost of revenues | $ 712,530 | $ 476,962 | $ 293,051 | 49.4 % | 62.8 %
Percentage of revenues: |  |  |  |  | 
Cost of subscription solutions | 8.1 % | 9.4 % | 9.1 % |  | 
Cost of merchant solutions | 37.0 % | 35.0 % | 34.4 % |  | 
 | 45.1 % | 44.4 % | 43.5 % |  | 


Question: Which 2 financial items does cost of revenues consist of?
Answer: Cost of subscription solutions, Cost of merchant solutions
Restricted Stock and Restricted Stock Units ("Restricted Stock Awards")
As of August 29, 2019, there were 16 million shares of Restricted Stock Awards outstanding, 14 million of which contained only service conditions. For service-based Restricted Stock Awards, restrictions generally lapse in one-fourth or one-third increments during each year of employment after the grant date. Restrictions lapse on Restricted Stock granted in 2019 with performance or market conditions over a three-year period if conditions are met. At the end of the performance period, the number of actual shares to be awarded will vary between 0% and 200% of target amounts, depending upon the achievement level. Restricted Stock Awards activity for 2019 is summarized as follows:
Table:
 | Number of Shares | Weighted-Average Grant Date Fair Value Per Share
Outstanding as of August 30, 2018 | 15 | $25.18
Granted | 9 | 41.11
Restrictions lapsed | (6) | 24.22
Canceled | (2) | 24.79
Outstanding as of August 29, 2019 | 16 | 34.72


Question: What is the price for service-based Restricted Stock Awards as of August 29, 2019?
Answer: 486.08
Calculation: 14*34.72
Class A
As of December 31, 2019 and 2018, there were no weighted average shares of unvested Class A restricted common stock shares considered to be participating securities.
The computation of diluted earnings per share assumes the issuance of common stock for all potentially dilutive stock options and restricted stock units not classified as participating securities.
As of December 31, 2019, there were 1,718,865 shares of Class A restricted stock units and 1,478,756 Class A stock options outstanding and considered to be potentially dilutive securities. As of December 31, 2018, there were 912,315 shares of Class A restricted stock units and 866,011 Class A stock options outstanding and considered to be potentially dilutive securities.
The components of the calculation of basic earnings per share and diluted earnings per share are as follows:
For annual earnings per share calculations, there were 407,120 and 651,154 dilutive equity awards outstanding for the years ended December 31, 2019 and 2018. Awards of 920,845 and 469,112 shares of common stock for 2019 and 2018, respectively, were not included in the computation of diluted earnings per share because inclusion of these awards would be anti-dilutive.
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Net income | $8,675 | $13,489
Weighted average common shares outstanding: |  | 
Class A common stock - basic | 89,251,818 | 88,394,580
Class A common stock - diluted | 89,658,938 | 89,045,734


Question: What is the change in Weighted average common shares outstanding: Class A common stock – basic from Years Ended December 31, 2018 to 2019?
Answer: 857238
Calculation: 89,251,818-88,394,580
The pre-tax discount rate used within the recoverable amount calculations was 8.5% (2018: 8.0%) and is based upon the weighted average cost of capital reflecting specific principal risks and uncertainties. The discount rate takes into account the risk-free rate of return, the market risk premium and beta factor reflecting the average beta for the Group and comparator companies which are used in deriving the cost of equity.
The same discount rate has been applied to both CGUs as the principal risks and uncertainties associated with the Group, as highlighted on pages 30 to 33, would also impact each CGU in a similar manner. The Board acknowledges that there are additional factors that could impact the risk profile of each CGU, which have been considered by way of sensitivity analysis performed as part of the annual impairment tests.
Key drivers to future growth rates are dependent on the Group’s ability to maintain and grow income streams whilst effectively managing operating costs. The level of headroom may change if different growth rate assumptions or a different pre-tax discount rate were used in the cash flow projections. Where the value-in-use calculations suggest an impairment, the Board would consider alternative use values prior to realising any impairment, being the fair value less costs to dispose.
The key assumptions used for value-in-use calculations are as follows:
Having completed the 2019 impairment review, no impairment has been recognised in relation to the CGUs (2018: no impairment). Sensitivity
analysis has been performed in assessing the recoverable amounts of goodwill. There are no changes to the key assumptions of growth rate or
discount rate that are considered by the Directors to be reasonably possible, which give rise to an impairment of goodwill relating to the CGUs.
Table:
 | 2019 | 2018
Annual growth rate (after plan period) | 3.0% | 3.0%
Risk free rate of return | 3.0% | 3.0%
Market risk premium | 5.0% | 4.9%
Beta factor | 0.83 | 0.79
Cost of debt | 3.3% | 3.3%


Question: What are the key assumptions used for value-in-use calculations in the table?
Answer: Annual growth rate (after plan period), Risk free rate of return, Market risk premium, Beta factor, Cost of debt
The components of the provision for income tax expense are as follows:
Included in the Company's current income tax expense are provisions for uncertain tax positions relating to freight taxes. The Company does not presently anticipate that its provisions for these uncertain tax positions will significantly increase in the next 12 months; however, this is dependent on the jurisdictions of the trading activity of its vessels.
The Company reviews its freight tax obligations on a regular basis and may update its assessment of its tax positions based on available information at the time. Such information may include legal advice as to the applicability of freight taxes in relevant jurisdictions. Freight tax regulations are subject to change and interpretation; therefore, the amounts recorded by the Company may change accordingly. The tax years 2008 through 2019 remain open to examination by some of the major jurisdictions in which the Company is subject to tax.
Table:
 | Year Ended | Year Ended | Year Ended
 | December 31, | December 31, | December 31,
 | 2019 | 2018 | 2017
 | $ | $ | $
Current | (25,563) | (17,458) | (11,997)
Deferred | 81 | (2,266) | (235)
Income tax expense | (25,482) | (19,724) | (12,232)


Question: What is the increase/ (decrease) in Income tax expense from December 31, 2019 to December 31, 2018?
Answer: 5758
Calculation: 25,482-19,724
31. NET DEFERRED GAIN (Cont’d)
NetLink Trust (“NLT”) is a business trust established as part of the Info-communications Media Development Authority of Singapore’s effective open access requirements under Singapore’s Next Generation Nationwide Broadband Network.
In prior years, Singtel had sold certain infrastructure assets, namely ducts, manholes and exchange buildings (“Assets”) to NLT. At the consolidated level, the gain on disposal of Assets recognised by Singtel is deferred in the Group’s statement of financial position and amortised over the useful lives of the Assets. The unamortised deferred gain is released to the Group’s income statement when NLT is partially or fully sold, based on the proportionate equity interest disposed.
Singtel sold its 100% interest in NLT to NetLink NBN Trust (the “Trust”) in July 2017 for cash as well as a 24.8% interest in the Trust. Net deferred gains of S$1.10 billion were correspondingly released to the Group’s income statement in the previous financial year upon this sale. Following the divestment, Singtel ceased to own units in NLT but continues to have an interest of 24.8% in the Trust which owns all the units in NLT.

Singtel sold its 100% interest in NLT to NetLink NBN Trust (the “Trust”) in July 2017 for cash as well as a 24.8% interest in the Trust. Net deferred gains of S$1.10 billion were correspondingly released to the Group’s income statement in the previous financial year upon this sale. Following the divestment, Singtel ceased to own units in NLT but continues to have an interest of 24.8% in the Trust which owns all the units in NLT.
Table:
 |  | Group | 
 | 31 March | 31 March | 1 April
 | 2019 | 2018 | 2017
 | S$ Mil | S$ Mil | S$ Mil
Unamortised deferred gain | 446.3 | 452.7 | 1,616.5
Reclassification from ‘Associates’ (see Note 23) | (50.5) | (74.9) | (265.0)
Net deferred gain | 395.8 | 377.8 | 1,351.5
Classified as – |  |  | 
Current | 20.8 | 20.1 | 68.8
Non-current | 375.0 | 357.7 | 1,282.7
 | 395.8 | 377.8 | 1,351.5


Question: Why is there still a balance of net deferred gain since Singtel sold its 100% interest in NLT to NetLink NBN Trust in July 2017?
Answer: Singtel ceased to own units in NLT but continues to have an interest of 24.8% in the Trust which owns all the units in NLT
issuer purchases of equity securities the following table provides information about purchases by us during the three months ended december 31 , 2013 of equity securities that are registered by us pursuant to section 12 of the exchange act : period total number of shares purchased ( 1 ) average price paid per share total number of shares purchased as part of publicly announced plans or programs ( 1 ) ( 2 ) dollar value of shares that may yet be purchased under the plans or programs ( 1 ) .

Table:
period | total number of shares purchased ( 1 ) | average price paid per share | total number of shares purchased as part of publicly announcedplans or programs ( 1 ) ( 2 ) | dollar value of shares that may yet be purchased under the plans orprograms ( 1 )
october 2013 | 0 | $ 0 | 0 | $ 781118739
november 2013 | 1191867 | 98.18 | 1191867 | 664123417
december 2013 | 802930 | 104.10 | 802930 | 580555202
total | 1994797 | $ 100.56 | 1994797 | 
( 1 ) as announced on may 1 , 2013 , in april 2013 , the board of directors replaced its previously approved share repurchase authorization of up to $ 1 billion with a current authorization for repurchases of up to $ 1 billion of our common shares exclusive of shares repurchased in connection with employee stock plans , expiring on june 30 , 2015 .
under the current share repurchase authorization , shares may be purchased from time to time at prevailing prices in the open market , by block purchases , or in privately-negotiated transactions , subject to certain regulatory restrictions on volume , pricing , and timing .
as of february 1 , 2014 , the remaining authorized amount under the current authorization totaled approximately $ 580 million .
( 2 ) excludes 0.1 million shares repurchased in connection with employee stock plans. .

Question: what is the percentage of shares purchased in november concerning the whole 2013 year?
Answer: 59.75%
Calculation: divide(1191867, 1994797)
2 Alternative performance measures continued
Cash generation
Cash generation is one of the Group’s key performance indicators used by the Board to monitor the performance of the Group and measure the successful implementation of our strategy. It is one of three financial measures on which Executive Directors’ variable remuneration is based.
Cash generation is adjusted operating profit after adding back depreciation and amortisation (excluding IFRS 16 depreciation), less cash payments to pension schemes in excess of the charge to operating profit, equity settled share plans and working capital changes.
Table:
 | 2019 | 2018
 | £m | £m
Adjusted operating profit | 282.7 | 264.9
Depreciation and amortisation (excluding IFRS16 depreciation) | 34.3 | 32.9
Cash payments to pension schemes in excess of charge to P&L | (5.2) | (4.6)
Equity settled share plans | 6.2 | 5.7
Working capital changes | (21.4) | (22.5)
Cash generation | 296.6 | 276.4


Question: What was the change in equity settled share plans in 2019 from 2018?
Answer: 0.5
Calculation: 6.2-5.7
During fiscal year 2019, the following activity occurred under our stock plans:
(a) Includes 2 million, 3 million, and 2 million of PSUs granted at target and performance adjustments above target levels for fiscal years 2019, 2018, and 2017, respectively.
As of June 30, 2019, there was approximately $8.6 billion of total unrecognized compensation costs related to stock awards. These costs are expected to be recognized over a weighted average period of 3 years. The weighted average grant-date fair value of stock awards granted was $107.02, $75.88, and $55.64 for fiscal years 2019, 2018, and 2017, respectively. The fair value of stock awards vested was $8.7 billion, $6.6 billion, and $4.8 billion, for fiscal years 2019, 2018, and 2017, respectively.
Table:
 | Shares | Weighted Average Grant-Date Fair Value
(In millions) |  | 
Stock Awards |  | 
Nonvested balance, beginning of year | 174 | $  57.85
Granted (a) | 63 | 107.02
Vested | (77) | 57.08
Forfeited | (13) | 69.35
Nonvested balance, end of year | 147 | $ 78.49


Question: How many items affect the nonvested balance?
Answer: 3
Calculation: Granted##vested##forfeited
Operating Income and Operating Margin
Operating income for fiscal 2019 increased $406 million, or 7%, over fiscal 2018.
Operating income and operating margin for each of the operating groups were as follows:
Amounts in table may not total due to rounding.
(1) Effective September 1, 2018, we adopted FASB ASU No. 2017-07, Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. Certain components of pension service costs were reclassified from Operating expenses to Non-operating expenses. Prior period amounts have been revised to conform with the current period presentation.
Table:
 |  | Fiscal |  |  | 
 | 2019 |  | 2018 (1) |  | 
 | Operating Income | Operating Margin | Operating Income | Operating Margin | Increase (Decrease)
 |  |  | (in millions of U.S. dollars) |  | 
Communications, Media & Technology | $1,555 | 18% | $1,380 | 17% | $175
Financial Services | 1,238 | 15 | 1,365 | 16 | (128)
Health & Public Service | 739 | 10 | 766 | 11 | (27)
Products | 1,720 | 14 | 1,664 | 15 | 56
Resources | 1,053 | 16 | 724 | 12 | 330
TOTAL | $6,305 | 14.6% | $5,899 | 14.4% | $406


Question: What is the company's operating income in 2019?
Answer: $6,305
Note 6: Equity Method Investments
The following table provides a reconciliation of equity method investments to the Company's Consolidated Balance Sheets (amounts in thousands):
TOKIN's Joint Ventures - NYC and NTS
As noted in Note 2, “Acquisitions,” on April 19, 2017, the Company completed its acquisition of the remaining 66% economic interest in TOKIN and TOKIN became a 100% owned subsidiary of KEMET. TOKIN had two investments at the time of acquisition: NYC and NTS. The Company accounts for both investments using the equity method due to the related nature of operations and the Company's ability to influence management decisions.
NYC was established in 1966 by TOKIN and Mitsui Mining and Smelting Co., Ltd (“Mitsui”). NYC was established to commercialize yttrium oxides and the Company owns 30% of NYC's stock. The carrying amount of the Company's equity investment in NYC was $8.2 million and $8.1 million as of March 31, 2019 and 2018, respectively.
NTS was established in 2004 by TOKIN, however subsequent to its formation, TOKIN sold 67% of its stock. NTS provides world-class electronic devices by utilizing global procurement networks and the Company owns 33% of NTS' stock. During the year ended March 31, 2019, a significant portion of NTS' sales were TOKIN’s products. The carrying amount of the Company's equity investment in NTS was $1.2 million and $1.0 million as of March 31, 2019 and 2018, respectively.
Table:
 | March 31, | 
 | 2019 | 2018
Nippon Yttrium Co., Ltd ("NYC") | $8,215 | $8,148
NT Sales Co., Ltd ("NTS") | 1,218 | 998
Novasentis | 977 | 2,870
KEMET Jianghai Electronics Components Co., Ltd (“KEMET Jianghai”) | 2,515 | —
 | $12,925 | $12,016


Question: What was the change in the investments into Novasentis between 2018 and 2019?
Answer: -1893
Calculation: 977-2,870
For purposes of reconciling the Company’s provision for income taxes at the statutory rate and the Company’s provision (benefit) for income taxes at the effective tax rate, a notional 26% tax rate was applied as follows (in thousands):
The difference between the statutory federal income tax rate and the Company’s effective tax rate in 2019, 2018 and 2017 is primarily attributable to the effect of state income taxes, difference between the U.S. and foreign tax rates, deferred tax state rate adjustment, share-based compensation, true up of deferred taxes, other non-deductible permanent items, and change in valuation allowance. In addition, the Company’s foreign subsidiaries are subject to varied applicable statutory income tax rates for the periods presented.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Income tax at federal statutory rate | $(10,883) | $(9,811) | $(6,659)
Increase (decrease) in tax resulting from: |  |  | 
State income tax expense, net of federal tax effect | (3,657) | (2,749) | (421)
Nondeductible permanent items | 3,522 | (1,522) | 1,506
Foreign rate differential | (367) | 552 | 599
Tax rate change | — | 134 | 7,226
Adjustment to deferred taxes | (1,904) | 307 | 37
Change in valuation allowance | 22,481 | 15,805 | (2,291)
Uncertain tax positions | 128 | 143 | 76
Nonqualified stock option and performance award windfall upon exercise | (9,128) | (1,983) | —
Other | 233 | (80) | (26)
Total | $425 | $796 | $47


Question: In which year was State income tax expense, net of federal tax effect less than (1,000) thousands?
Answer: 2017
Calculation: locate and analyze State income tax expense, net of federal tax effect in row 5
entergy corporation and subsidiaries notes to financial statements as of december 31 , 2008 , system energy had future minimum lease payments ( reflecting an implicit rate of 5.13% ( 5.13 % ) ) , which are recorded as long-term debt as follows : amount ( in thousands ) .

Table:
 | amount ( in thousands )
2009 | $ 47760
2010 | 48569
2011 | 49437
2012 | 49959
2013 | 50546
years thereafter | 103890
total | 350161
less : amount representing interest | 54857
present value of net minimum lease payments | $ 295304
.

Question: what portion of the total lease payments is due in the next 12 months?
Answer: 13.6%
Calculation: divide(47760, 350161)