hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
as of december 31 , 2006 , we also leased an office and laboratory facility in connecticut , additional office , distribution and storage facilities in san diego , and four foreign facilities located in japan , singapore , china and the netherlands under non-cancelable operating leases that expire at various times through july 2011 . these leases contain renewal options ranging from one to five years . as of december 31 , 2006 , our contractual obligations were ( in thousands ) : contractual obligation total less than 1 year 1 2013 3 years 1 2013 5 years more than 5 years .

Table:
contractual obligation | payments due by period total | payments due by period less than 1 year | payments due by period 1 2013 3 years | payments due by period 1 2013 5 years | payments due by period more than 5 years
operating leases | $ 37899 | $ 5320 | $ 10410 | $ 9371 | $ 12798
total | $ 37899 | $ 5320 | $ 10410 | $ 9371 | $ 12798
the above table does not include orders for goods and services entered into in the normal course of business that are not enforceable or legally binding .
item 7a .
quantitative and qualitative disclosures about market risk .
interest rate sensitivity our exposure to market risk for changes in interest rates relates primarily to our investment portfolio .
the fair market value of fixed rate securities may be adversely impacted by fluctuations in interest rates while income earned on floating rate securities may decline as a result of decreases in interest rates .
under our current policies , we do not use interest rate derivative instruments to manage exposure to interest rate changes .
we attempt to ensure the safety and preservation of our invested principal funds by limiting default risk , market risk and reinvestment risk .
we mitigate default risk by investing in investment grade securities .
we have historically maintained a relatively short average maturity for our investment portfolio , and we believe a hypothetical 100 basis point adverse move in interest rates along the entire interest rate yield curve would not materially affect the fair value of our interest sensitive financial instruments .
foreign currency exchange risk although most of our revenue is realized in u.s .
dollars , some portions of our revenue are realized in foreign currencies .
as a result , our financial results could be affected by factors such as changes in foreign currency exchange rates or weak economic conditions in foreign markets .
the functional currencies of our subsidiaries are their respective local currencies .
accordingly , the accounts of these operations are translated from the local currency to the u.s .
dollar using the current exchange rate in effect at the balance sheet date for the balance sheet accounts , and using the average exchange rate during the period for revenue and expense accounts .
the effects of translation are recorded in accumulated other comprehensive income as a separate component of stockholders 2019 equity. .

Question: what is the percent of the operating leases that are due in less than year to the total leases .
Answer: 14%
Calculation: divide(5320, 37899)
NOTE 6—INTANGIBLE ASSETS, NET, AND GOODWILL
Intangible assets include patents, domain name and other intangibles purchased from GVR, including customer relationships, technology and a trademark. Certain patents were acquired from STI as a result of an asset contribution and were recorded at their carryover basis. The fair value of the patents remained substantially the same as their carrying value at the exchange date. In addition, we acquired other patents and the domain name www.resonant.com through the normal course of business. Intangibles acquired as part of the purchase of GVR were initially recorded at their fair value. Issued patents are amortized over their approximate useful life of 17 years, or 20 years in the case of new patents, once they are approved by their respective regulatory agency. For the patents acquired from STI, we are amortizing them over the remaining useful life of 1 to 11 years as of December 31, 2019. The domain name is amortized over the approximate useful life of 10 years. The other intangibles acquired from GVR are amortized over their useful life of three to five years.
Intangible assets, net, consists of the following as of December 31, 2019 and 2018:
(1) Includes the impact of foreign currency translation. The total impact at December 31, 2018 was $1,000 and there was no impact at December 31,
2019.
During the year ended December 31, 2019 and 2018, we wrote-off $145,000 and $96,000, respectively, of patents we are no longer pursuing. The write-offs are included in research and development expense. There were no impairments to any other intangibles.
Table:
 | 2019 | 2018
Cost: |  | 
Patents | $1,801,000 | $1,507,000
Domain name | 22,000 | 22,000
Client Base (1) | 144,000 | 142,000
Trademark (1) | 18,000 | 17,000
Backlog (1) | 13,000 | 13,000
Technology | 77,000 | 77,000
 | 2,075,000 | 1,778,000
Less: Accumulated amortization | (499,000) | (404,000)
Intangible assets, net | $ 1,576,000 | $ 1,374,000


Question: What was the percentage change in net intangible assets?
Answer: 14.7
Calculation: ($1,576,000 - $ 1,374,000)/$ 1,374,000
The Company maintains liabilities for uncertain tax positions. These liabilities involve considerable judgment and estimation and are continuously monitored by management based on the best information available, including changes in tax regulations, the outcome of relevant court cases, and other information. A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows (in thousands):
The unrecognized tax benefits relate primarily to federal and state research and development credits and intercompany profit on the transfer of certain IP rights to one of the Company’s foreign subsidiaries as part of the Company’s tax reorganization completed in 2015. The Company’s policy is to account for interest and penalties related to uncertain tax positions as a component of income tax expense. As of December 31, 2019, the Company accrued interest or penalties related to uncertain tax positions in the amount of $25,000. As of December 31, 2019, the total amount of unrecognized tax benefits that would affect the Company’s effective tax rate, if recognized, is $97,000.
Because the Company has net operating loss and credit carryforwards, there are open statutes of limitations in which federal, state and foreign taxing authorities may examine the Company’s tax returns for all years from 2000 through the current period.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Balance at beginning of year | $4,611 | $4,672 | $6,232
Gross increases for tax positions of prior years | 394 | — | —
Gross decreases for federal tax rate change for tax positions of prior years | — | — | (1,670)
Gross increases for tax positions of current year | 34 | 45 | 110
Lapse of statute of limitations | (213) | (106) | —
Balance at end of year | $4,826 | 4,611 | 4,672


Question: What was the change in the Gross increases for tax positions of prior years from 2018 to 2019?
Answer: 394
Calculation: 394 - 0
* Recast to reflect segment changes.
The 2018 GTS gross profit margin was essentially flat year to year and reflected benefits from productivity initiatives, including automation of delivery processes infused with AI and global workforce optimization.
Pre-tax income performance reflected continued investment to expand go-to-market capabilities and develop new offerings for the hybrid market.
Table:
($ in millions) |  |  | 
For the year ended December 31: | 2018* | 2017* | Yr.-to-Yr. Percent/ Margin Change
Global Technology Services |  |  | 
External total gross profit | $10,035 | $10,022 | 0.1%
External total gross profit margin | 34.4% | 34.3% | 0.1 pts
Pre-tax income | $ 1,781 | $ 2,618 | (32.0)%
Pre-tax margin | 5.9% | 8.8% | (2.8) pts


Question: What does the Pre-tax income performance implied? 
Answer: Pre-tax income performance reflected continued investment to expand go-to-market capabilities and develop new offerings for the hybrid market.
Earnings Per Share
Basic earnings per share is computed based on the weighted average number of shares outstanding during the period, excluding unvested restricted stock. Diluted earnings per share is computed based on the weighted average number of shares outstanding during the period increased by the effect of dilutive employee stock awards, including stock options, restricted stock awards and stock purchase plan contracts, using the treasury stock method.
The following table presents information necessary to calculate basic and diluted earnings per share (in thousands, except per share data):
There were 98,103, 103,547 and 505 potentially dilutive securities excluded from the dilutive share calculation for fiscal 2019, 2018 and 2017, respectively, as their effect was anti-dilutive.
Table:
 |  | Fiscal | 
 | 2019 | 2018 | 2017
Weighted average shares outstanding—basic | 24,118 | 24,572 | 24,487
Dilutive effect of employee stock awards | 161 | 279 | 290
Weighted average shares outstanding—diluted | 24,279 | 24,851 | 24,777
Net income from continuing operations | $53,825 | $247,360 | $208,644
Loss from discontinued operations, net of income taxes | — | (2) | (1,522)
Net income | $53,825 | $247,358 | $207,122


Question: In which year was the Dilutive effect of employee stock awards largest?
Answer: 2017
Calculation: 290>279>161
CONSOLIDATED STATEMENTS OF OPERATIONS
The accompanying notes are an integral part of these consolidated financial statements.
Table:
 | Fiscal Years Ended September | 
 | 2019 | 2018
Sales (including excise taxes of $370.2 million and $368.4 million, | $1,392,388,157 | $1,322,306,658
Cost of sales | 1,308,364,726 | 1,245,375,460
Gross profit | 84,023,431 | 76,931,198
Selling, general and administrative expenses | 72,182,883 | 66,781,234
Depreciation and amortization | 2,617,591 | 2,318,146
Impairment charges | 2,873,269 | 1,912,877
 | 77,673,743 | 71,012,257
Operating income | 6,349,688 | 5,918,941
Other expense (income): |  | 
Interest expense | 1,598,864 | 1,194,373
Other (income), net | (61,119) | (54,042)
 | 1,537,745 | 1,140,331
Income from operations before income taxes | 4,811,943 | 4,778,610
Income tax expense | 1,609,000 | 1,164,000
Net income available to common shareholders | $ 3,202,943 | $  3,614,610
Basic earnings per share available to common shareholders | $ 5.36 | $  5.47
Diluted earnings per share available to common shareholders | $ 5.25 | $  5.38
Basic weighted average shares outstanding | 597,961 | 660,925
Diluted weighted average shares outstanding | 609,836 | 672,449
Dividends declared and paid per common share | $ 1.00 | $  1.00


Question: What is the percentage change in the company's sales between the fiscal years ended September 2018 and 2019?
Answer: 5.3
Calculation: (1,392,388,157 - 1,322,306,658)/1,322,306,658
GasLog Ltd. and its Subsidiaries
Notes to the consolidated financial statements (Continued)
For the years ended December 31, 2017, 2018 and 2019
(All amounts expressed in thousands of U.S. Dollars, except share and per share data)
26. Derivative Financial Instruments
The fair value of the derivative assets is as follows:
Table:
 | As of December 31, | 
 | 2018 | 2019
Derivative assets carried at fair value through profit or loss (FVTPL) |  | 
Interest rate swaps | 15,188 | 18
Forward foreign exchange contracts | — | 389
Derivative assets designated and effective as hedging instruments carried at fair value |  | 
Cross currency swaps | — | 3,594
Total | 15,188 | 4,001
Derivative financial instruments, current assets | 6,222 | 429
Derivative financial instruments, non-current assets | 8,966 | 3,572
Total | 15,188 | 4,001


Question: In which year was the fair value of  Interest rate swaps  higher?
Answer: 2018
Calculation: 15,188>18
Our net sales by offering category for North America for 2019 and 2018, were as follows (dollars
in thousands):
Net sales in North America increased 12%, or $661.3 million, in 2019 compared to 2018. This increase reflects the addition of PCM, which reported $716.1 million in net sales in 2019, partially offset by a decline in net sales of the core business of $51.3 million. Net sales of hardware, software and services increased 10%, 14% and 25%, respectively, year over year.
Table:
 | North America |  | 
SalesMix | 2019 | 2018 | %Change
Hardware | $3,957,507 | $3,610,356 | 10%
Software | 1,269,983 | 1,112,715 | 14%
Services | 796,815 | 639,910 | 25%
 | $6,024,305 | $5,362,981 | 12%


Question: What is the net sales of software in 2019 and 2018 respectively?
Answer: 1,269,983, 1,112,715
Year ended December 31, 2018 compared with the year ended December 31, 2017:
Revenue in 2018 is derived from multiple license agreements that we entered into with third-parties following negotiations pursuant to our patent licensing and enforcement program. The revenue increase is primarily due to licensing revenues, as further described in "Item 1. Business" - "Licensing and Enforcement - Current Activities, Post 2013".
Cost of revenues includes contingent legal fees directly associated with our licensing and enforcement programs. Cost of revenues increased largely in proportion to increase in revenues.
Selling, general and administrative expenses ("SG&A") consisted primarily of legal fees incurred in operations and employee headcount related expenses. These comprise approximately 74% of total SG&A expense. Litigation expenses increased $4.2 million to $16.5 million in 2018 compared to 2017 and are primarily due to the timing of various outstanding litigation actions. See "Item 3. Legal Proceedings". Employee headcount related expenses increased $1.8 million to $7.2 million in 2018 compared to 2017, and is primarily due to incentive bonuses earned during the year. The balance of SG&A expenses include consulting, other professional services, facilities and other administrative fees and expenses.
Research and Development expenses ("R&D") are primarily from our Finjan Mobile security business and increased by $0.6 million to $2.1 million in 2018 compared to 2017, as we continue to position this business for future growth.
Other income (expense) is primarily due to changes in the fair value of the warrant liability of $3.4 million in 2018 versus a benefit of $2.2 million in 2017, and interest expense of $0.6 million in 2018, net.
We recognized an income tax expense of $8.1 million on pre-tax income of $28.7 million in 2018 as compared to a benefit from the reduction in the valuation allowance of $6.2 million in 2017.
Table:
 |  | For the Year Ended December 31, |  | 
 | 2018 | 2017 | Change | % Change
 |  | (In millions, except percentages) |  | 
Revenues | $82.3 | $50.5 | $31.8 | 63%
Cost of revenues | 15.3 | 6.0 | 9.3 | 155%
Gross profit | 67.0 | 44.5 | 22.5 | 51%
Gross margin | 81% | 88% |  | 
Operating expenses: |  |  |  | 
Selling, general and administrative | 32.2 | 28.6 | 3.6 | 13%
Research and development | 2.1 | 1.5 | 0.6 | 40%
Total operating expenses | 34.3 | 30.1 | 4.2 | 14%
Other income (expense) | (4.0) | 2.2 | (6.2) | (282)%
Income before income taxes | 28.7 | 16.6 | 12.1 | 73%
Income tax provision (benefit) | 8.0 | (6.2) | 14.2 | (229)%
Net income | $20.7 | $22.8 | $(2.1) | (9)%


Question: What are the respective fair value of the warrant liability and interest expense in 2018?
Answer: $3.4 million, $0.6 million
GasLog Ltd. and its Subsidiaries
Notes to the consolidated financial statements (Continued)
For the years ended December 31, 2017, 2018 and 2019
(All amounts expressed in thousands of U.S. Dollars, except share and per share data)
25. Capital Risk Management
The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern, to ensure that it maintains a strong credit rating and healthy capital ratios in order to support its business and maximize shareholders value.
The Group monitors capital using a gearing ratio, which is total debt divided by total equity plus total debt. The gearing ratio is calculated as follows:
Table:
 | As of December 31, | 
 | 2018 | 2019
Borrowings, current portion | 520,550 | 255,422
Borrowings, non-current portion | 2,307,909 | 2,891,973
Lease liabilities, current portion | 6,675 | 9,363
Lease liabilities, non-current portion | 199,424 | 195,567
Total debt | 3,034,558 | 3,352,325
Total equity | 1,983,122 | 1,649,853
Total debt and equity | 5,017,680 | 5,002,178
Gearing ratio | 60.48% | 67.01%


Question: What is the Group's goal when managing capital?
Answer: To safeguard the Group’s ability to continue as a going concern, to ensure that it maintains a strong credit rating and healthy capital ratios in order to support its business and maximize shareholders value.
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in millions):
As of April 26, 2019, we had $296 million of gross unrecognized tax benefits, of which $252 million has been recorded in other long-term liabilities. Unrecognized tax benefits of $246 million, including penalties, interest and indirect benefits, would affect our provision for income taxes if recognized. As a result of U.S. tax reform, we recorded provisional gross unrecognized tax benefits of $114 million during fiscal 2018.
We recognized a benefit for adjustments to accrued interest and penalties related to unrecognized tax benefits in the income tax provision of approximately $4 million in fiscal 2019 and expense of $5 million in each of fiscal 2018 and 2017. Accrued interest and penalties of $18 million and $22 million were recorded in the consolidated balance sheets as of April 26, 2019 and April 27, 2018, respectively.
Table:
 |  | Year Ended | 
 | April 26, 2019 | April 27, 2018 | April 28, 2017
Balance at beginning of period | $ 348 | $ 218 | $ 216
Additions based on tax positions related to the current year | 11 | 131 | 7
Additions for tax positions of prior years | 26 | — | 7
Decreases for tax positions of prior years | (35 ) | (1 ) | —
Settlements | (54 ) | — | (12 )
Balance at end of period | $ 296 | $ 348 | $ 218


Question: What were the Additions based on tax positions related to the current year in 2019?
Answer: 11
Accumulated Other Comprehensive Income
The following table sets forth the amounts reclassified from AOCI into the Consolidated Statements of Operations, and the associated financial statement line item, net of tax, for the periods indicated (in thousands):
(1) Amounts are included in the computation of net periodic benefit pension cost. Refer to Note 9 – “Postretirement and Other Employee Benefits” for additional information.
(2) The portions of AOCI reclassified into earnings during the fiscal years ended August 31, 2019 and 2017 for available for sale securities were due to a restructuring of securities loss and an other than temporary impairments on securities, respectively, and were recorded to restructuring of securities loss and other expense, respectively.
(3) The Company expects to reclassify $17.0 million into earnings during the next twelve months, which will primarily be classified as a component of cost of revenue.
(4) Amounts are net of tax, which are immaterial for the fiscal years ended August 31, 2019 and 2017. The amount for the fiscal year ended August 31, 2018 includes a reduction to income tax expense related to derivative instruments of $14.8 million.
Table:
 |  |  | Fiscal Year Ended August 31, | 
Comprehensive Income Components | Financial Statement Line Item | 2019 | 2018 | 2017
Foreign currency translation adjustment | Operating income | $— | $— | $5,947
Realized losses (gains) on derivative instruments:(3) |  |  |  | 
Foreign exchange contracts | Cost of revenue | 21,982 | (9,379) | 4,799
Interest rate contracts | Interest expense | (1,723) | (13,697) | 3,950
Actuarial loss | (1) | 741 | 1,127 | 1,929
Prior service credit | (1) | (44) | (88) | (138)
Available for sale securities | (2) | 33,333 | — | 10,139
Total amounts reclassified from AOCI(4) |  | $54,289 | $(22,037) | $26,626


Question: What was the percentage change in the Total amounts reclassified from AOCI between 2018 and 2019?
Answer: -346.35
Calculation: ($54,289-(-$22,037))/-$22,037
Property and Equipment
Property and equipment are stated at cost and are depreciated or amortized using the straight-line method. Cost, accumulated depreciation and amortization, and estimated useful lives are as follows (dollars in thousands):
Table:
 |  | Fiscal year-end | 
 | 2019 | 2018 | Useful Life
Land | $19,490 | $17,655 | 
Buildings and improvements | 173,333 | 165,535 | 5 - 40 years
Equipment, furniture and fixtures | 389,225 | 359,721 | 3 - 10 years
Leasehold improvements | 94,878 | 89,399 | shorter of asset life or lease term
 | 676,926 | 632,310 | 
Accumulated depreciation and amortization | (353,492) | (320,517) | 
Property and equipment, net | $323,434 | $311,793 | 


Question: What is the useful life of Buildings and improvements?
Answer: 5 - 40 years
Due To/From Related Parties, Net
Amounts due to and from related parties, net as of the periods presented consisted of the following (table in millions):
(1) Includes an immaterial amount related to our current operating lease liabilities due to related parties as of January 31, 2020.
We also recognized an immaterial amount related to non-current operating lease liabilities due to related parties. This amount has been included in operating lease liabilities on the consolidated balance sheet as of January 31, 2020.
Amounts included in due from related parties, net, excluding DFS and tax obligations, includes the current portion of amounts due to and due from related parties. Amounts included in due from related parties, net are generally settled in cash within 60 days of each quarter-end.
Table:
 | January 31, 2020 | February 1, 2019
Due from related parties, current | $1,618 | $1,248
Due to related parties, current(1) | 161 | 158
Due from related parties, net, current | $1,457 | $1,090


Question: What was the percentage change in the current net amount due from related parties between 2019 and 2020?
Answer: 33.67
Calculation: (1,457-1,090)/1,090
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 average ending balance of accumulated other comprehensive income for 2018 and 2019?
Answer: -5585
Calculation: [1,046 + (-12,216)] /2