hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
We do not allocate to our operating segments certain operating expenses that we manage separately at the corporate level and are not used in evaluating the results of, or in allocating resources to, our segments. These unallocated expenses consist primarily of stock-based compensation expense; amortization of intangible assets; restructuring, transition and other costs; and acquisition-related costs.
The following table provides a reconciliation of our total reportable segments’ operating income to our total operating income (loss):
Table:
 |  | Year Ended | 
(In millions) | March 29, 2019 | March 30, 2018 | March 31, 2017
Total segment operating income | $1,414 | $1,584 | $1,026
Reconciling items: |  |  | 
Stock-based compensation expense | 352 | 610 | 440
Amortization of intangible assets | 443 | 453 | 293
Restructuring, transition and other costs | 241 | 410 | 273
Acquisition-related costs | 3 | 60 | 120
Other | (5) | 2 | -
Total consolidated operating income (loss) from continuing operations | $380 | $49 | $(100)


Question: What do unallocated expenses consist primarily of?
Answer: stock-based compensation expense; amortization of intangible assets; restructuring, transition and other costs; and acquisition-related costs
Grants of Plan-Based Awards
The following table sets forth the estimated possible payouts under the cash incentive awards granted to our Named
Executive Officers in respect of 2019 performance under the 2019 NEO Plan.
(1) Amounts presented assume payment of threshold, target and maximum awards at the applicable level.
Table:
Name | Grant Date |  | Estimated Future Payouts Under Non-Equity Incentive Plan Awards (1) |  | All Other Stock Awards: Number of Shares of Stock or  Units (#) | All Other Option Awards: Number of Securities Underlying Options (#) | Exercise or Base Price of Option Awards ($/Sh) | Grant Date Fair Value of Stock and Option Awards
 |  | Threshold ($) | Target ($) | Maximum ($) |  |  |  | 
Barry Litwin | - | 100,238 | 1,113,750 | 1,237,500 |  |  |  | 
Thomas Clark | - | 5,062 | 225,000 | 337,500 |  |  |  | 
Robert Dooley | - | 13,837 | 615,000 | 922,500 |  |  |  | 
Eric Lerner | - | 6,773 | 300,900 | 451,350 |  |  |  | 
Manoj Shetty | - | 5,435 | 241,535 | 362,303 |  |  |  | 
Lawrence Reinhold | N/A | N/A | N/A | N/A |  |  |  | 


Question: What is the maximum estimated future payouts under the 2019 NEO plan for Robert Dooley and Eric Lerner?
Answer: 922,500, 451,350
Geographic Information
The following table is a summary of our long-lived assets which include property and equipment, net and right of use assets based on the physical location of the assets (in thousands):
Table:
 | December 31, | December 31,
 | 2019 | 2018
United States | $35,964 | $5,525
Japan | 2,689 | 1,108
Other | 2,017 | 629
Total | $40,670 | $7,262


Question: What is the percentage change in value between long-lived assets in the U.S. in 2018 and 2019?
Answer: 550.93
Calculation: ($35,964 - $5,525)/$5,525
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)
Vessels under construction represent scheduled advance payments to the shipyards as well as certain capitalized expenditures. As of December 31, 2019, the Group has paid to the shipyard $197,637 for the vessels that are under construction and expects to pay the remaining installments as they come due upon each vessel’s keel laying, launching and delivery (Note 23(a)).
The vessels under construction costs as of December 31, 2018 and 2019 are comprised of:
Table:
 | As of  December 31, | 
 | 2018 | 2019
Progress shipyard installments | 152,075 | 197,637
Onsite supervision costs | 5,766 | 3,879
Critical spare parts, equipment and other vessel delivery expenses | 1,434 | 1,807
Total | 159,275 | 203,323


Question: What does vessels under construction represent?
Answer: Scheduled advance payments to the shipyards as well as certain capitalized expenditures
16. SHARE-BASED PAYMENTS
a. Employee Share Plan
The Employee Share Plan (ESP) is available to all eligible employees each year to acquire ordinary shares in the Company from future remuneration (before tax). Shares to be issued or transferred under the ESP will be valued at the volume-weighted average price of the Company’s shares traded on the Australian Securities Exchange during the five business days immediately preceding the day the shares are issued or transferred. Shares issued under the ESP are not allowed to be sold, transferred or otherwise disposed until the earlier of the end of an initial three-year period, or the participant ceasing continuing employment with the Company.
Details of the movement in employee shares under the ESP are as follows:
The consideration for the shares issued on 22 May 2019 was $3.72 (7 May 2018: $4.24).
Table:
 | 2019 | 2018
 | No. of Shares | No. of Shares
Number of shares at beginning of year | 114,758 | 137,227
Number of shares distributed to employees | 45,560 | 42,480
Number of shares transferred to main share registry and/or disposed of | (44,526) | (64,949)
Number of shares at year end | 115,792 | 114,758


Question: What was the 2019 percentage change in number of shares distributed to employees?
Answer: 7.25
Calculation: (45,560 - 42,480) / 42,480
Stock Options—Stock options are typically granted at prices not less than 100% of market value of the underlying stock at the date of grant. Stock options typically vest over a period of 3 to 5 years from the grant date and expire 10 years after the grant date. The Company recorded $32.0, $23.2, and $18.3 of compensation expense relating to outstanding options during 2019, 2018 and 2017, respectively, as a component of general and administrative expenses at Corporate.
The Company estimates the fair value of its option awards using the Black-Scholes option valuation model. The stock volatility for each grant is measured using the weighted-average of historical daily price changes of the Company’s common stock over the most recent period equal to the expected life of the grant. The expected term of options granted is derived from historical data to estimate option exercises and employee forfeitures, and represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. The weighted-average fair value of options granted in 2019, 2018 and 2017 were calculated using the following weighted-average assumptions:
Table:
 | 2019 | 2018 | 2017
Weighted-average fair value ($) | 68.05 | 57.75 | 40.87
Risk-free interest rate (%) | 2.37 | 2.65 | 2.03
Average expected option life (years) | 5.42 | 5.32 | 5.26
Expected volatility (%) | 19.22 | 18.05 | 18.74
Expected dividend yield (%) | 0.58 | 0.59 | 0.67


Question: What is the average weighted-average fair value of options granted from 2017 to 2019?
Answer: 55.56
Calculation: (68.05+57.75+40.87)/3
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 was the percent of the total number of shares purchased as part of publicly announced plans or programs ( 1 ) ( 2 ) in november 2013 to the total
Answer: 59.7%
Calculation: divide(1191867, 1994797)
8. Financing Receivables and Operating Leases
(a) Financing Receivables
Financing receivables primarily consist of lease receivables, loan receivables, and financed service contracts. Lease receivables represent sales-type and direct-financing leases resulting from the sale of Cisco’s and complementary third-party products and are typically collateralized by a security interest in the underlying assets. Lease receivables consist of arrangements with terms of four years on average. Loan receivables represent financing arrangements related to the sale of our hardware, software, and services, which may include additional funding for other costs associated with network installation and integration of our products and services. Loan receivables have terms of three years on average. Financed service contracts include financing receivables related to technical support and advanced services. Revenue related to the technical support services is typically deferred and included in deferred service revenue and is recognized ratably over the period during which the related services are to be performed, which typically ranges from one to three years.
A summary of our financing receivables is presented as follows (in millions):
Table:
July 27, 2019 | Lease Receivables | Loan Receivables | Financed Service Contracts | Total
Gross | $2,367 | $5,438 | $2,369 | $10,174
Residual value | 142 | — | — | 142
Unearned income | (137) | — | — | (137)
Allowance for credit loss | (46) | (71) | (9) | (126)
Total, net  . | $2,326 | $5,367 | $2,360 | $10,053
Reported as: |  |  |  | 
Current . | $1,029 | $2,653 | $1,413 | $5,095
Noncurrent | 1,297 | 2,714 | 947 | 4,958
Total, net  . | $2,326 | $5,367 | $2,360 | $10,053


Question: How many types of financing receivables had a net total that exceeded $5,000 million?
Answer: 1
Calculation: Loan Receivables
Current other investments comprise the following:
The Group invests surplus cash positions across a portfolio of short-term investments to manage liquidity and credit risk whilst achieving suitable returns. These assets do not meet the definition of cash and cash equivalents, but are included in the Group’s net debt based on their liquidity.
Bonds and debt securities includes €955 million (2018: €862 million) of highly liquid German and €941 million (2018: €nil) Japanese government securities; €1,115 million (2018: €1,112 million) of UK government bonds and €1,184 million (2018: 830 million) of other assets both paid as collateral on derivative financial instruments6. Managed investment funds include €5,513 million (2018: €3,087 million) in managed investment funds with liquidity of up to 90 days and €892 million (2018: €804 million) invested in a fund whose underlying securities are supply chain receivables from a diverse range of corporate organisations of which Vodafone is a minority constituent.
Other investments are excluded from net debt based on their liquidity and primarily consist of restricted debt securities including amounts held in qualifying assets by Group insurance companies to meet regulatory requirements.
3 €1,184 million (2018: €830 million) is measured at amortised cost and remaining items are measured at fair value. For €3,011 million (2018: €1,974 million) the valuation basis is level 1 classification, which comprises financial instruments where fair value is determined by unadjusted quoted prices in active markets for identical assets or liabilities. The remaining balance is level 2 classification.
4 Items measured at fair value and the valuation basis is level 2 classification
5 €1,097 million (2018: €487 million) is measured at fair value and the valuation basis is level 1. The remaining items are measured at amortised cost and the carrying amount approximates fair value
Table:
 | 2019 | 2018
 | €m | €m
Included within current assets: |  | 
Short-term investments: |  | 
Bonds and debt securities3 | 4,690 | 4,690
Managed investment funds4 | 6,405 | 3,891
 | 11,095 | 6,870
Other investments5 | 1,917 | 1,925
 | 13,012 | 8,795


Question: What percentage of 2019 Bonds and debt securities is the 2019 highly liquid German government securities?
Answer: 20.36
Calculation: 955/4,690
The significant components of the Company’s deferred tax liabilities and assets follow:
(1) Includes deferred tax liabilities related to finance lease right-of-use assets totaling $6,190 and $0 at December 31, 2019 and 2018, respectively.
As of December 31, 2019, the Company had U.S. federal net operating loss carryforwards of $213,800 which are available to reduce future taxes, if any. The federal net operating loss carryforwards begin to expire in 2034. Additionally, as of December 31, 2019, the Company had U.S. state net operating loss carryforwards of $445,936.
This includes net operating losses previously unrecorded due to minimal projected income in those jurisdictions. These U.S. state net operating loss carryforwards expire in various years ending from December 31, 2019 through December 31, 2035. Included in the financing and professional fees deferred income assets above are U.S. federal interest expense deductions with an indefinite carryforward period.
There was a change of control in the Company during 2014 that limited the annual usage of pre-ownership change net operating losses. All pre-ownership change net operating losses were fully utilized in 2019.
The Company assessed all available positive and negative evidence to determine whether sufficient future taxable income will be generated to permit use of existing deferred tax assets. For U.S. federal deferred tax assets, the Company concluded that sufficient positive evidence existed, primarily the result of reversing deferred tax liabilities during the carryover period.
However, for certain state deferred tax assets, the negative evidence has outweighed the positive evidence which has resulted in the Company establishing a valuation allowance of $20,952 and $10,961 as of December 31, 2019 and 2018, respectively, to recognize only the portion of the deferred tax asset that is more likely than not to be realized.
During the years ended December 31, 2019 and 2018, the Company paid (net of refunds received) $1,293 and $1,313, respectively, of income taxes.
Table:
 | December 31, | 
 | 2019 | 2018
Deferred tax liabilities:   |  | 
Vessels and other property (1) | $128,026 | $128,226
Prepaid expenditures | 5,621 | 7,108
Operating lease right-of-use assets | 72,298 | —
Other-net | 2 | 4
Total deferred tax liabilities | 205,947 | 135,338
Deferred tax assets: |  | 
Loss carryforwards | 68,917 | 66,737
Operating lease liability | 71,779 | —
Finance lease liability | 6,333 | —
Employee compensation and benefit plans | 3,869 | 4,287
Financing and professional fees | 2,003 | 1,859
Accrued expenses and other | 1,165 | 51
Total deferred tax assets | 154,066 | 72,934
Valuation allowance | 20,952 | 10,961
Net deferred tax assets | 133,114 | 61,973
Net deferred tax liabilities | $72,833 | $73,365


Question: What was the total deferred tax liabilities in 2019?
Answer: 205,947
GreenSky, Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
(United States Dollars in thousands, except per share data, unless otherwise stated)
The following table reconciles the beginning and ending fair value measurements of our servicing liabilities associated with transferring our rights to Charged-Off Receivables during the periods presented.
(1) Recognized in other gains (losses), net in the Consolidated Statements of Operations.
(2) Represents the reduction of our servicing liabilities due to the passage of time and collection of loan payments.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Beginning balance | $3,016 | $2,071 | $—
Initial obligation from transfer of Charged-Off Receivables(1) | 2,705 | 2,461 | 2,379
Fair value changes recognized in other gains (losses), net(2) | (1,925) | (1,516) | (308)
Ending balance | $3,796 | $3,016 | $2,071


Question: What was the beginning balance in 2018?
Answer: 2,071
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our common stock is listed on NASDAQ under the symbol ‘‘CSGS’’. On January 31, 2020, the number of holders of record of common stock was 126.
Stock Price Performance
The following graph compares the cumulative total stockholder return on our common stock, the Russell 2000 Index, and our Standard Industrial Classification (“SIC”) Code Index: Data Preparation and Processing Services during the indicated five-year period. The graph assumes that $100 was invested on December 31, 2014, in our common stock and in each of the two indexes, and that all dividends, if any, were reinvested.
Table:
 |  |  | As of December 31, |  |  | 
 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019
CSG Systems International, Inc. | $100.00 | $146.72 | $200.85 | $185.42 | $137.31 | $227.96
Russell 2000 Index | 100.00 | 95.59 | 115.95 | 132.94 | 118.30 | 148.49
Data Preparation and Processing Services | 100.00 | 110.52 | 129.67 | 159.46 | 174.32 | 245.10


Question: Which stock enjoyed year on year growth between 2014 to 2019?
Answer: Data Preparation and Processing Services
Cost of Revenues
Cost of Subscription Solutions
Cost of subscription solutions increased $10.7 million, or 39.9%, for the three months ended December 31, 2019 compared to the same period in 2018. The increase was due to an increase in the costs necessary to support a greater number of merchants using our platform, resulting in an increase in: infrastructure and hosting costs, employee-related costs, credit card fees for processing merchant billings, 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, cost of subscription solutions decreased from 7.8% in the three months ended December 31, 2018 to 7.4% in the three months ended December 31, 2019 due to subscription solutions representing a smaller percentage of our total revenues.
Cost of Merchant Solutions
Cost of merchant solutions increased $72.5 million, or 55.2%, for the three months ended December 31, 2019 compared to the same period in 2018. The increase was primarily due to higher payment processing and interchange fees resulting from an increase in GMV facilitated through Shopify Payments. The increase was also due to an increase in amortization related to acquired intangibles from the acquisition of 6RS, employee-related costs associated with 6RS, product costs associated with expanding our product offerings, credit card fees for processing merchant billings, infrastructure and hosting costs, materials and third-party manufacturing costs associated with 6RS and cost of POS hardware units. Cost of merchant solutions as a percentage of revenues increased from 38.2% in the three months ended December 31, 2018 to 40.4% in the three months ended December 31, 2019, mainly as a result of Shopify Payments representing a larger percentage of total revenue.
Table:
 | Three months ended December 31, |  | 2019 vs. 2018
 | 2019 | 2018 | % Change
 | (in thousands, except percentages) |  | 
Cost of revenues: |  |  | 
Cost of subscription solutions | $ 37,369 | $ 26,706 | 39.9 %
Cost of merchant solutions | 203,900 | 131,413 | 55.2 %
Total cost of revenues | $ 241,269 | $ 158,119 | 52.6 %
Percentage of revenues: |  |  | 
Cost of subscription solutions | 7.4 % | 7.8 % | 
Cost of merchant solutions | 40.4 % | 38.2 % | 
 | 47.8 % | 46.0 % | 


Question: Between 2018 and 2019 year end, which year had a higher total cost of revenues?
Answer: 2019
Calculation: $ 241,269>$ 158,119
NET INCOME (LOSS) PER COMMON SHARE
Basic net income (loss) per common share is based upon the weighted-average number of common shares outstanding. Diluted net income (loss) per common share is based on the weighted-average number of common shares outstanding and potentially dilutive common shares outstanding and computed as follows:
* For the twelve months ended December 31, 2018, the diluted earnings per common share included the weighted average effect of 215,196 unvested Restricted Stock Units and 716,661 stock options that are potentially dilutive to earnings per share since the exercise price of such securities was less than the average market price during the period. For the twelve months ended December 31, 2017, the diluted earnings per common share included 438,712 unvested Restricted Stock Units and the weighted average effect of 477,048 stock options that are potentially dilutive to earnings per share since the exercise price of such securities was less than the average market price during the period.
Table:
 |  | Years Ended | 
 |  | December 31, | 
 | 2019 | 2018 | 2017
 |  | (In thousands, except share and per share data) | 
Numerator: |  |  | 
Net income (loss) attributable to common stockholders | $(16,490) | $19,813 | $17,929
Denominator: |  |  | 
Weighted-average common shares, basic | 27,618,284 | 27,484,655 | 25,353,966
Weighted-average common shares, diluted* | 27,618,284 | 28,416,512 | 26,269,727
Net income (loss) per common share: |  |  | 
Basic: | $(0.60) | $0.72 | $0.71
Diluted: | $(0.60) | $0.70 | $0.68


Question: What is the number of unvested Restricted Stock Units as a percentage of the total Weighted-average common shares, diluted in 2017?
Answer: 1.67
Calculation: 438,712 /26,269,727
Operating Income
Our operating income in fiscal year 2019 increased to $241.4 million, or 10.1 percent of net sales as compared with $189.3 million, or 8.8 percent of net sales in fiscal year 2018. Excluding surcharge revenue and special items, adjusted operating margin was 12.5 percent for the fiscal year 2019 and 10.6 percent for the same period a year ago. The increase in the operating margin reflects steady demand and improved product mix coupled with operating cost improvements offset by higher selling, general and administrative expenses compared to the same period a year ago.
The following presents our operating income and operating margin, in each case excluding the impact of surcharge on net sales and special items. We present and discuss these financial measures because management believes removing the impact of these items provides a more consistent and meaningful basis for comparing results of operations from period to period. See the section “Non-GAAP Financial Measures” below for further discussion of these financial measures.
Table:
 | Fiscal Year | 
($ in millions) | 2019 | 2018
Net sales | $2,380.2 | $2,157.7
Less: surcharge revenue | 438.1 | 365.4
Net sales excluding surcharge revenue | $1,942.1 | $1,792.3
Operating income | $241.4 | $189.3
Special items: |  | 
Acquisition-related costs | 1.2 | —
Adjusted operating income excluding special items | $242.6 | $189.3
Operating margin | 10.1% | 8.8%
Adjusted operating margin excluding surcharge revenue and special items | 12.5% | 10.6%


Question: In which year was the operating margin larger?
Answer: 2019
Calculation: 10.1%>8.8%