american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) the following table illustrates the effect on net loss and net loss per share if the company had applied the fair value recognition provisions of sfas no . 123 to stock-based compensation . the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : .

Table:
 | 2002 | 2001 | 2000
net loss as reported | $ -1141879 ( 1141879 ) | $ -450094 ( 450094 ) | $ -194628 ( 194628 )
less : total stock-based employee compensation expense determined under fair value basedmethod for all awards net of related tax effect | -38126 ( 38126 ) | -50540 ( 50540 ) | -51186 ( 51186 )
pro-forma net loss | $ -1180005 ( 1180005 ) | $ -500634 ( 500634 ) | $ -245814 ( 245814 )
basic and diluted net loss per share 2014as reported | $ -5.84 ( 5.84 ) | $ -2.35 ( 2.35 ) | $ -1.15 ( 1.15 )
basic and diluted net loss per share 2014pro-forma | $ -6.04 ( 6.04 ) | $ -2.61 ( 2.61 ) | $ -1.46 ( 1.46 )
fair value of financial instruments 2014as of december 31 , 2002 , the carrying amounts of the company 2019s 5.0% ( 5.0 % ) convertible notes , the 2.25% ( 2.25 % ) convertible notes , the 6.25% ( 6.25 % ) convertible notes and the senior notes were approximately $ 450.0 million , $ 210.9 million , $ 212.7 million and $ 1.0 billion , respectively , and the fair values of such notes were $ 291.4 million , $ 187.2 million , $ 144.4 million and $ 780.0 million , respectively .
as of december 31 , 2001 , the carrying amount of the company 2019s 5.0% ( 5.0 % ) convertible notes , the 2.25% ( 2.25 % ) convertible notes , the 6.25% ( 6.25 % ) convertible notes and the senior notes were approximately $ 450.0 million , $ 204.1 million , $ 212.8 million and $ 1.0 billion , respectively , and the fair values of such notes were $ 268.3 million , $ 173.1 million , $ 158.2 million and $ 805.0 million , respectively .
fair values were determined based on quoted market prices .
the carrying values of all other financial instruments reasonably approximate the related fair values as of december 31 , 2002 and 2001 .
retirement plan 2014the company has a 401 ( k ) plan covering substantially all employees who meet certain age and employment requirements .
under the plan , the company matches 35% ( 35 % ) of participants 2019 contributions up to a maximum 5% ( 5 % ) of a participant 2019s compensation .
the company contributed approximately $ 979000 , $ 1540000 and $ 1593000 to the plan for the years ended december 31 , 2002 , 2001 and 2000 , respectively .
recent accounting pronouncements 2014in june 2001 , the fasb issued sfas no .
143 , 201caccounting for asset retirement obligations . 201d this statement establishes accounting standards for the recognition and measurement of liabilities associated with the retirement of tangible long-lived assets and the related asset retirement costs .
the requirements of sfas no .
143 are effective for the company as of january 1 , 2003 .
the company will adopt this statement in the first quarter of 2003 and does not expect the impact of adopting this statement to have a material impact on its consolidated financial position or results of operations .
in august 2001 , the fasb issued sfas no .
144 , 201caccounting for the impairment or disposal of long-lived assets . 201d sfas no .
144 supersedes sfas no .
121 , 201caccounting for the impairment of long-lived assets and for long-lived assets to be disposed of , 201d but retains many of its fundamental provisions .
sfas no .
144 also clarifies certain measurement and classification issues from sfas no .
121 .
in addition , sfas no .
144 supersedes the accounting and reporting provisions for the disposal of a business segment as found in apb no .
30 , 201creporting the results of operations 2014reporting the effects of disposal of a segment of a business and extraordinary , unusual and infrequently occurring events and transactions 201d .
however , sfas no .
144 retains the requirement in apb no .
30 to separately report discontinued operations , and broadens the scope of such requirement to include more types of disposal transactions .
the scope of sfas no .
144 excludes goodwill and other intangible assets that are not to be amortized , as the accounting for such items is prescribed by sfas no .
142 .
the company implemented sfas no .
144 on january 1 , 2002 .
accordingly , all relevant impairment assessments and decisions concerning discontinued operations have been made under this standard in 2002. .

Question: what is the percentage change in 401 ( k ) contributions from 2001 to 2002?
Answer: -36.4%
Calculation: subtract(979000, 1540000), divide(#0, 1540000)