hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
2017 ESPP
In May 2017, we adopted the 2017 Employee Stock Purchase Plan (the “2017 ESPP”). The 2017 ESPP grants employees the ability to designate a portion of their base-pay to purchase ordinary shares at a price equal to 85% of the fair market value of our ordinary shares on the first or last day of each 6 month purchase period. Purchase periods begin on January 1 or July 1 and end on June 30 or December 31, or the next business day if such date is not a business day. Shares are purchased on the last day of the purchase period.
The table below sets forth the weighted average assumptions used to measure the fair value of 2017 ESPP rights:
We recognize share-based compensation expense associated with the 2017 ESPP over the duration of the purchase period. We recognized$0.3 million, $0.3 million, and $0.1 million of share-based compensation expense associated with the 2017 ESPP during 2019, 2018, and 2017, respectively. At December 27, 2019, there was no unrecognized share-based compensation expense.
Table:
 | Year Ended |  | 
 | December 27, 2019 | December 28, 2018 | December 29, 2017
Weighted average expected term | 0.5 years | 0.5 years | 0.4 years
Risk-free interest rate | 2.3% | 1.9% | 1.1%
Dividend yield | 0.0% | 0.0% | 0.0%
Volatility | 56.0% | 52.7% | 47.8%


Question: What was the average risk-free interest rate for the 3 year period from 2017 to 2019?
Answer: 1.77
Calculation: (2.3%+1.9%+1.1%)/(2019-2017+1)
STOCK OPTIONS
Under BCE’s long-term incentive plans, BCE may grant options to executives to buy BCE common shares. The subscription price of a grant is based on the higher of: • the volume-weighted average of the trading price on the trading day immediately prior to the effective date of the grant • the volume-weighted average of the trading price for the last five consecutive trading days ending on the trading day immediately prior to the effective date of the grant
At December 31, 2019, 7,524,891 common shares were authorized for issuance under these plans. Options vest fully after three years of continuous employment from the date of grant. All options become exercisable when they vest and can be exercised for a period of seven years from the date of grant for options granted prior to 2019 and ten years from the date of grant for options granted in 2019.
The following table summarizes BCE’s outstanding stock options at December 31, 2019 and 2018.
(1) The weighted average market share price for options exercised was $62 in 2019 and $55 in 2018.
Table:
 |  | 2019 |  | 2018 | 
 | NOTE | NUMBER OF OPTIONS | WEIGHTED AVERAGE EXERCISE PRICE ($) | NUMBER OF OPTIONS | WEIGHTED AVERAGE EXERCISE PRICE ($)
Outstanding, January 1 |  | 14,072,332 | 56 | 10,490,249 | 55
Granted |  | 3,357,303 | 58 | 3,888,693 | 56
Exercised (1) | 27 | (4,459,559) | 54 | (266,941) | 42
Forfeited |  | (144,535) | 58 | (39,669) | 58
Outstanding, December 31 |  | 12,825,541 | 57 | 14,072,332 | 56
Exercisable, December 31 |  | 2,786,043 | 56 | 4,399,588 | 52


Question: Which year is the weighted average market share price for options exercised higher?
Answer: 2019
Calculation: $62>$55
Issuer Purchases of Equity Securities
(i) Includes 3,416 shares that have been withheld by the Company to satisfy its tax withholding and remittance obligations in connection with the vesting of restricted stock awards. In addition, the Company exercised a pro-rata portion of the 2022 convertible note hedges (described in Note 12, Indebtedness, of the Notes to the Consolidated Financial Statements) to offset the shares of the Company’s Class A common stock issued to settle the conversion of certain 2022 Notes. The note hedges were net share settled and the Company received 3,643,165 shares of the Company’s Class A common stock from the counterparties in October of 2018.
(ii) Excludes the shares received through the exercise of the note hedges.
(iii) The Company exercised a pro-rata portion of the 2022 convertible note hedges to offset the shares of the Company’s Class A common stock issued to settle the conversion of certain 2022 Notes. The note hedges were net share settled and the Company received 1,096,773 shares of the Company’s Class A common stock from the counterparties in November of 2018.
Table:
Period | Total number of Shares purchased | Average price paid per share | Total number of shares purchased as part of publicly announced plans or programs | Maximum number (or approximate dollar value) of shares that may yet be purchased under the plans or programs
October 1 to October 31 | 3,646,581 (i) | 97.28 (ii) | — | —
November 1 to November 30 | 1,096,773 (iii) | — (ii) | — | —
December 1 to December 31 | — | — | — | —
Total | 4,743,354 | 97.28 (ii) | — | —


Question: How many shares did the company receive from Company’s Class A common stock from the counterparties in November of 2018?
Answer: 1,096,773
2.4 KEY PERFORMANCE INDICATORS AND PERFORMANCE HIGHLIGHTS
The following key performance indicators are closely monitored to ensure that business strategies and objectives are closely aligned with shareholder value creation. The key performance indicators are not measurements in accordance with IFRS and should not be considered an alternative to other measures of performance in accordance with IFRS. The Corporation's method of calculating key performance indicators may differ from other companies and, accordingly, these key performance indicators may not be comparable to similar measures presented by other companies. The Corporation measures its performance, with regard to these objectives by monitoring revenue, adjusted EBITDA(1), free cash flow(1) and capital intensity(1) on a constant currency basis(1).
(1) Fiscal 2018 was restated to comply with IFRS 15 and to reflect a change in accounting policy as well as to reclassify results from Cogeco Peer 1 as discontinued operations. For further details, please consult the "Accounting policies" and "Discontinued operations" sections.
(2) Following the announcement of the agreement on February 27, 2019 to sell Cogeco Peer 1, fiscal 2019 financial guidelines were revised.
(3) Actual results are presented in constant currency based on fiscal 2018 average foreign exchange rates of 1.2773 USD/CDN.
For further details on the Corporation's operating results, please refer to the "Operating and financial results", the "Segmented operating and financial results" and the "Cash flow analysis" sections.
Table:
(in millions of dollars, except percentages) | Actual Fiscal 2018 (1) $ | Revised projections (2) Fiscal 2019 (constant currency) (3) | Actual Fiscal 2019 (constant currency) (3) $ | Actual Fiscal 2019 (constant currency) (3) % | Achievement of the projections Fiscal 2019
Financial guidelines |  |  |  |  | 
Revenue | 2,147 | Increase of 6% to 8% | 2,294 | 6.8 | Achieved
Adjusted EBITDA | 1,007 | Increase of 8% to 10% | 1,092 | 8.5 | Achieved
Acquisitions of property, plant and equipment | 458 | $450 to $470 | 425 | (7.1) | Surpassed
Capital intensity | 21.3% | 20% to 21% | 18.5% | - | Surpassed
Free cash flow | 302 | Increase of 38% to 45% | 453 | 50.0 | Surpassed


Question: What was the status of achievement of projections in 2019 for revenue?
Answer: Achieved
Trade accounts receivable past due is defined as the amount outstanding beyond normal credit terms and conditions for the respective customers. A large portion of the Corporation’s customers are billed and pay before the services are rendered. The Corporation considers the amount outstanding at the due date as trade accounts receivable past due.
The following table provides further details on trade accounts receivable past due net of allowance for doubtful accounts at August 31, 2019 and 2018:
Table:
At August 31, | 2019 | 2018
(In thousands of Canadian dollars) | $ | $
Less than 60 days past due | 18,645 | 32,857
60 to 90 days past due | 899 | 3,022
More than 90 days past due | 3,074 | 4,923
 | 22,618 | 40,802


Question: What is the definition of trade accounts receivable past due?
Answer: Trade accounts receivable past due is defined as the amount outstanding beyond normal credit terms and conditions for the respective customers.
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
The Company’s effective tax rate differs from the U.S. federal statutory rate of 35% for the year ended December 31, 2017, primarily due to the benefit related to the wind down of our solar inverter business and earnings in foreign jurisdictions, which are subject to lower tax rates, offset by the impact of U.S. tax reform. The principal causes of the difference between the federal statutory rate and the effective income tax rate for each the years below are as follows:
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Income taxes per federal statutory rate | $14,111 | $36,199 | $69,348
State income taxes, net of federal deduction | 10 | 2,372 | 1,794
Transition tax - U.S. Tax Reform | — | 1,174 | 61,690
Corporate tax rate changes - U.S. Tax Reform | — | (652) | 11,177
Tax benefit associated with inverter business wind down | — | — | (33,837)
Stock based compensation | (97) | (974) | (5,263)
GILTI Tax | 8,796 | 13,064 | —
Tax effect of foreign operations | (13,086) | (19,162) | (47,482)
Uncertain tax position | (4,487) | (3,088) | 4,948
Unremitted earnings | 1,624 | 2,564 | —
Tax credits | (6,280) | (9,844) | (658)
Change in valuation allowance | 7,222 | (1,306) | 841
Withholding taxes | 6,500 | 1,371 | —
Other permanent items, net | (3,614) | 3,509 | (468)
Total provision for income taxes | $10,699 | $25,227 | $62,090


Question: What was the percentage change in Withholding taxes between 2018 and 2019?
Answer: 374.11
Calculation: (6,500-1,371)/1,371
Pro Forma Information
The following unaudited pro forma information gives effect to the acquisition of AutoGuide as if the acquisition occurred on January 1, 2018 and the acquisition of MiR as if the acquisition occurred on January 1, 2017. The unaudited pro forma results are not necessarily indicative of what actually would have occurred had the acquisition been in effect for the periods presented:
Pro forma results for the year ended December 31, 2019 were adjusted to exclude $1.2 million of AutoGuide acquisition related costs and $0.1 million of AutoGuide non-recurring expense related to fair value adjustment to acquisition-date inventory.
Pro forma results for the year ended December 31, 2018 were adjusted to include $1.2 million of AutoGuide acquisition related costs and $0.4 million of AutoGuide non-recurring expense related to fair value adjustment to acquisition-date inventory.
Pro forma results for the year ended December 31, 2018 were adjusted to exclude $2.9 million of MiR acquisition related costs and $0.4 million of MiR non-recurring expense related to fair value adjustment to acquisition-date inventory.
Table:
 | For the Year Ended | 
 | December 31, 2019 | December 31, 2018
 | (in thousands, except per share amounts) | 
Revenues | $2,303,737 | $2,111,373
Net income | $464,602 | $442,082
Net income per common share: |  | 
Basic | $2.73 | $2.36
Diluted | $2.59 | $2.30


Question: What was the change in diluted net income per common share from 2018 to 2019?
Answer: 0.29
Calculation: 2.59-2.30
note 4 - goodwill and other intangible assets : goodwill the company had approximately $ 93.2 million and $ 94.4 million of goodwill at december 30 , 2017 and december 31 , 2016 , respectively . the changes in the carrying amount of goodwill for the years ended december 30 , 2017 and december 31 , 2016 are as follows ( in thousands ) : .

Table:
 | 2017 | 2016
balance beginning of year | $ 94417 | $ 10258
goodwill acquired as part of acquisition | 2014 | 84159
working capital settlement | -1225 ( 1225 ) | 2014
impairment loss | 2014 | 2014
balance end of year | $ 93192 | $ 94417
goodwill is allocated to each identified reporting unit , which is defined as an operating segment or one level below the operating segment .
goodwill is not amortized , but is evaluated for impairment annually and whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable .
the company completes its impairment evaluation by performing valuation analyses and considering other publicly available market information , as appropriate .
the test used to identify the potential for goodwill impairment compares the fair value of a reporting unit with its carrying value .
an impairment charge would be recorded to the company 2019s operations for the amount , if any , in which the carrying value exceeds the fair value .
in the fourth quarter of fiscal 2017 , the company completed its annual impairment testing of goodwill and no impairment was identified .
the company determined that the fair value of each reporting unit ( including goodwill ) was in excess of the carrying value of the respective reporting unit .
in reaching this conclusion , the fair value of each reporting unit was determined based on either a market or an income approach .
under the market approach , the fair value is based on observed market data .
other intangible assets the company had approximately $ 31.3 million of intangible assets other than goodwill at december 30 , 2017 and december 31 , 2016 .
the intangible asset balance represents the estimated fair value of the petsense tradename , which is not subject to amortization as it has an indefinite useful life on the basis that it is expected to contribute cash flows beyond the foreseeable horizon .
with respect to intangible assets , we evaluate for impairment annually and whenever events or changes in circumstances indicate that the carrying value may not be recoverable .
we recognize an impairment loss only if the carrying amount is not recoverable through its discounted cash flows and measure the impairment loss based on the difference between the carrying value and fair value .
in the fourth quarter of fiscal 2017 , the company completed its annual impairment testing of intangible assets and no impairment was identified. .

Question: what percent of the 2017 end goodwill balance is the goodwill from the acquisition?
Answer: 89.14%
Calculation: divide(84159, 94417)
B. Business Overview
Our Fleet
Our fleet currently consists of 23 Suezmax crude oil tankers, of which the vast majority have been built in Korea. The majority of our vessels are employed in the spot market, together with one vessel currently on a longer term time charter agreement expiring in 2021 or later. The vessels are considered homogenous and interchangeable as they have approximately the same freight capacity and ability to transport the same type of cargo.
Table:
Vessel | Built in  | Deadweight Tons   | Delivered to NAT in
Nordic Freedom | 2005 | 159,331 | 2005
Nordic Moon | 2002 | 160,305 | 2006
Nordic Apollo | 2003 | 159,998 | 2006
Nordic Cosmos | 2003 | 159,999 | 2006
Nordic Grace | 2002 | 149,921 | 2009
Nordic Mistral | 2002 | 164,236 | 2009
Nordic Passat | 2002 | 164,274 | 2010
Nordic Vega | 2010 | 163,940 | 2010
Nordic Breeze | 2011 | 158,597 | 2011
Nordic Zenith | 2011 | 158,645 | 2011
Nordic Sprinter | 2005 | 159,089 | 2014
Nordic Skier | 2005 | 159,089 | 2014
Nordic Light | 2010 | 158,475 | 2015
Nordic Cross | 2010 | 158,475 | 2015
Nordic Luna | 2004 | 150,037 | 2016
Nordic Castor | 2004 | 150,249 | 2016
Nordic Sirius | 2000 | 150,183 | 2016
Nordic Pollux | 2003 | 150,103 | 2016
Nordic Star | 2016 | 159,000 | 2016
Nordic Space | 2017 | 159,000 | 2017
Nordic Aquarius | 2018 | 157,000 | 2018
Nordic Cygnus | 2018 | 157,000 | 2018
Nordic Tellus | 2018 | 157,000 | 2018


Question: What is the the respective years in which Nordic Apollo was built and delivered to NAT?
Answer: 2003, 2006
28. Contingent liabilities and legal proceedings
Contingent liabilities are potential future cash outflows, where the likelihood of payment is considered more than remote, but is not considered probable or cannot be measured reliably.
Notes: 1 Performance bonds require the Group to make payments to third parties in the event that the Group does not perform what is expected of it under the terms of any related contracts or commercial arrangements
2 Other guarantees principally comprise Vodafone Group Plc’s guarantee of the Group’s 50% share of an AUD1.7 billion loan facility and a US$3.5 billion loan facility of its joint venture, Vodafone Hutchison Australia Pty Limited. The Group’s share of these loan balances is included in the net investment in joint venture (see note 12 “Investments in associates and joint arrangements”).
Table:
 | 2019 | 2018
 | €m | €m
Performance bonds1 | 337 | 993
Other guarantees and contingent liabilities2 | 2,943 | 4,036


Question: What is the 2019 average performance bonds?
Answer: 665
Calculation: (337+993)/2
Other Income (Expense), Net
Other income (expense), net relates to certain non-operational charges primarily consisting of income or losses in our share of marketable equity securities accounted for under the equity method and of transactional foreign exchange gains (losses). The income (expense) from foreign exchange is dependent upon the change in foreign currency exchange rates vis-àvis the functional currency of the legal entity.
(1) Represents the release to income from other comprehensive income relating to the mark to market on shares we held in Guidance prior to our acquisition in the first quarter of Fiscal 2018.
(2) Represents a gain recognized in connection with the settlement of a certain breach of contractual arrangement in the second quarter of Fiscal 2018.
Table:
 |  |  | Year Ended June 30, |  | 
(In thousands) | 2019 | Change increase (decrease)) | 2018 | Change increase (decrease)) | 2017
Foreign exchange gains (losses) | $(4,330) | $(9,175) | $4,845 | $1,776 | $3,069
OpenText share in net income (loss) of equity investees (note 8) | 13,668 | 7,703 | 5,965 | 13 | 5,952
Income from long-term other receivable | — | (1,327) | 1,327 | (5,099) | 6,426
Gain on shares held in Guidance (1) | — | (841) | 841 | 841 | —
Gain from contractual settlement (2) | — | (5,000) | 5,000 | 5,000 | —
Other miscellaneous income (expense) | 818 | 823 | (5) | (301) | 296
Total other income (expense), net | $10,156 | $(7,817) | $17,973 | $2,230 | $15,743


Question: What years are included in the table?
Answer: 2019, 2018, 2017
During the year ended December 31, 2019, we sold marketable securities for proceeds of $52.0 million and realized no gain or loss on such sales. During the years ended December 31, 2018 and 2017, we sold marketable securities for proceeds of $10.8 million and $118.3 million, respectively, and realized gains of less than $0.1 million on such sales in each respective period. See Note 11. “Fair Value Measurements” to our consolidated financial statements for information about the fair value of our marketable securities.
The following tables summarize the unrealized gains and losses related to our available-for-sale marketable securities, by major security type, as of December 31, 2019 and 2018 (in thousands):
As of December 31, 2019, we had no investments in a loss position for a period of time greater than 12 months. As of December 31, 2018, we identified 15 investments totaling $207.2 million that had been in a loss position for a period of time greater than 12 months with unrealized losses of $1.8 million. The unrealized losses were primarily due to increases in interest rates relative to rates at the time of purchase. Based on the underlying credit quality of the investments, we generally hold such securities until we recover our cost basis. Therefore, we did not consider these securities to be other-than-temporarily impaired.
Table:
 |  | As of December 31, 2019 |  | 
 | Amortized | Unrealized | Unrealized | Fair
 | Cost | Gains | Losses | Value
Foreign debt . | $387,775 | $551 | $506 | $387,820
Foreign government obligations | 21,991 | 20 | — | 22,011
U.S. debt | 65,970 | 176 | 12 | 66,134
Time deposits | 335,541 | — | — | 335,541
Total . | $811,277 | $747 | $518 | $811,506


Question: How many investments were at loss positions for greater than 12 months as at 31 December 2018?
Answer: 15
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: How much did the gross margin increase on a sequential basis
Answer: 140 basis points
45. Contingent liabilities
Contingent liabilities from guarantee and warranty contracts are primarily rent guarantees with terms of up to 10 years if utilisation is not considered entirely unlikely.
Table:
€ million | 30/9/2018 | 30/9/2019
Contingent liabilities from guarantee and warranty contracts | 18 | 17
Contingent liabilities from the provision of collateral for third-party liabilities | 9 | 12
Other contingent liabilities | 0 | 1
 | 27 | 30


Question: What was the percentage change in contingent liabilities in FY2019 from FY2018?
Answer: 11.11
Calculation: (30-27)/27
10. Geographic information:
Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing the Company’s performance. The Company has one operating segment. Revenues are attributed to regions based on where the services are provided. Below are the Company’s service revenues and long lived assets by geographic region (in thousands):
Table:
Year Ended December 31, 2019 Revenues | On-net | Off-net | Non-core | Total
North America | $319,330 | $131,815 | $422 | $451,567
Europe | 72,320 | 16,323 | 53 | 88,696
Asia Pacific | 4,615 | 778 | — | 5,393
Latin America | 488 | 15 | — | 503
Total | $396,753 | $148,931 | $475 | $546,159
Year Ended December 31, 2018 Revenues | On-net | Off-net | Non-core | Total
North America | $299,021 | $128,510 | $572 | $428,103
Europe | 72,958 | 15,918 | 62 | 88,938
Asia Pacific | 2,562 | 576 | — | 3,138
Latin America | 14 | — | — | 14
Total | $374,555 | $145,004 | $634 | $520,193
Year Ended December 31, 2017 Revenues | On-net | Off-net | Non-core | Total
North America | $278,714 | $122,683 | $797 | $402,194
Europe | 66,588 | 14,867 | 41 | 81,496
Asia Pacific | 1,143 | 342 | — | 1,485
Total | $346,445 | $137,892 | $838 | $485,175


Question: What is the value revenue from the off-net segment from North America in 2019?
Answer: $131,815