whpthomas/finqa-parquet huggingface dataset:
n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries the following table shows changes in the company 2019s stock options for the years ended december 31 , 2008 , 2007 , and number of options weighted average exercise price .
what is the percentage change in the balance of outstanding options from 2005 to 2008?
the weighted-average remaining contractual term was 5.8 years for the stock options outstanding and 4.6 years for the stock options exercisable at december 31 , 2008 . the total intrinsic value was approximately $ 66 million for stock options out- standing and $ 81 million for stock options exercisable at december 31 , 2008 . the weighted-average fair value for the stock options granted for the year ended december 31 , 2008 was $ 17.60 . the total intrinsic value for stock options exercised dur- ing the years ended december 31 , 2008 , 2007 , and 2006 , was approximately $ 54 million , $ 44 million , and $ 43 million , respectively . the amount of cash received during the year ended december 31 , 2008 , from the exercise of stock options was $ 97 million . restricted stock the company 2019s 2004 ltip also provides for grants of restricted stock . the company generally grants restricted stock with a 4-year vesting period , based on a graded vesting schedule . the restricted stock is granted at market close price on the date of grant . included in the company 2019s share-based compensation expense in the year ended december 31 , 2008 , is a portion of the cost related to the unvested restricted stock granted in the years 2004 to 2008. .
guaranteed by the company with guarantees from the joint venture partners for their proportionate amounts of any guaranty payment the company is obligated to make ( see guarantee table above ) . non-recourse mortgage debt is generally defined as debt whereby the lenders 2019 sole recourse with respect to borrower defaults is limited to the value of the property collateralized by the mortgage . the lender generally does not have recourse against any other assets owned by the borrower or any of the constituent members of the borrower , except for certain specified exceptions listed in the particular loan documents ( see footnote 7 of the notes to consolidated financial statements included in this form 10-k ) . these investments include the following joint ventures : venture ownership interest number of properties total gla thousands ) recourse mortgage payable ( in millions ) number of encumbered properties average interest weighted average ( months ) .
as of december 31 , 2014 , what was the proportionate share of the company 2019s unconsolidated real estate joint ventures .
( a ) represents the company 2019s joint ventures with prudential real estate investors . ( b ) represents the company 2019s joint ventures with riocan real estate investment trust . ( c ) represents the company 2019s joint ventures with certain institutional investors . ( d ) represents the company 2019s remaining joint venture with big shopping centers ( tlv:big ) , an israeli public company ( see footnote 7 of the notes to consolidated financial statements included in this form 10-k ) . ( e ) represents the company 2019s joint ventures with blackstone . ( f ) represents the company 2019s joint ventures with the canadian pension plan investment board ( cppib ) . ( g ) on february 2 , 2015 , the company purchased the remaining 66.7% ( 66.7 % ) interest in the 39-property kimstone portfolio for a gross purchase price of $ 1.4 billion , including the assumption of $ 638.0 million in mortgage debt ( see footnote 26 of the notes to consolidated financial statements included in this form 10-k ) . the company has various other unconsolidated real estate joint ventures with varying structures . as of december 31 , 2014 , these other unconsolidated joint ventures had individual non-recourse mortgage loans aggregating $ 1.2 billion . the aggregate debt as of december 31 , 2014 , of all of the company 2019s unconsolidated real estate joint ventures is $ 4.6 billion , of which the company 2019s proportionate share of this debt is $ 1.8 billion . as of december 31 , 2014 , these loans had scheduled maturities ranging from one month to 19 years and bear interest at rates ranging from 1.92% ( 1.92 % ) to 8.39% ( 8.39 % ) . approximately $ 525.7 million of the aggregate outstanding loan balance matures in 2015 , of which the company 2019s proportionate share is $ 206.0 million . these maturing loans are anticipated to be repaid with operating cash flows , debt refinancing and partner capital contributions , as deemed appropriate ( see footnote 7 of the notes to consolidated financial statements included in this form 10-k ) . .
entergy corporation notes to consolidated financial statements sale and leaseback transactions waterford 3 lease obligations in 1989 , entergy louisiana sold and leased back 9.3% ( 9.3 % ) of its interest in waterford 3 for the aggregate sum of $ 353.6 million . the lease has an approximate term of 28 years . the lessors financed the sale-leaseback through the issuance of waterford 3 secured lease obligation bonds . the lease payments made by entergy louisiana are sufficient to service the debt . in 1994 , entergy louisiana did not exercise its option to repurchase the 9.3% ( 9.3 % ) interest in waterford 3 . as a result , entergy louisiana issued $ 208.2 million of non-interest bearing first mortgage bonds as collateral for the equity portion of certain amounts payable under the lease . in 1997 , the lessors refinanced the outstanding bonds used to finance the purchase of waterford 3 at lower interest rates , which reduced the annual lease payments . upon the occurrence of certain events , entergy louisiana may be obligated to assume the outstanding bonds used to finance the purchase of the unit and to pay an amount sufficient to withdraw from the lease transaction . such events include lease events of default , events of loss , deemed loss events , or certain adverse "financial events." "financial events" include , among other things , failure by entergy louisiana , following the expiration of any applicable grace or cure period , to maintain ( i ) total equity capital ( including preferred stock ) at least equal to 30% ( 30 % ) of adjusted capitalization , or ( ii ) a fixed charge coverage ratio of at least 1.50 computed on a rolling 12 month basis . as of december 31 , 2003 , entergy louisiana's total equity capital ( including preferred stock ) was 49.82% ( 49.82 % ) of adjusted capitalization and its fixed charge coverage ratio for 2003 was 4.06 . as of december 31 , 2003 , entergy louisiana had future minimum lease payments ( reflecting an overall implicit rate of 7.45% ( 7.45 % ) ) in connection with the waterford 3 sale and leaseback transactions , which are recorded as long-term debt , as follows: .
what portion of the total future minimum lease payments for entergy louisiana is due within the next 12 months?
grand gulf 1 lease obligations in december 1988 , system energy sold 11.5% ( 11.5 % ) of its undivided ownership interest in grand gulf 1 for the aggregate sum of $ 500 million . subsequently , system energy leased back its interest in the unit for a term of 26-1/2 years . system energy has the option of terminating the lease and repurchasing the 11.5% ( 11.5 % ) interest in the unit at certain intervals during the lease . furthermore , at the end of the lease term , system energy has the option of renewing the lease or repurchasing the 11.5% ( 11.5 % ) interest in grand gulf 1 . system energy is required to report the sale-leaseback as a financing transaction in its financial statements . for financial reporting purposes , system energy expenses the interest portion of the lease obligation and the plant .
management 2019s discussion and analysis 74 jpmorgan chase & co./2017 annual report treasury and cio overview treasury and cio is predominantly responsible for measuring , monitoring , reporting and managing the firm 2019s liquidity , funding and structural interest rate and foreign exchange risks , as well as executing the firm 2019s capital plan . the risks managed by treasury and cio arise from the activities undertaken by the firm 2019s four major reportable business segments to serve their respective client bases , which generate both on- and off-balance sheet assets and liabilities . treasury and cio seek to achieve the firm 2019s asset-liability management objectives generally by investing in high- quality securities that are managed for the longer-term as part of the firm 2019s investment securities portfolio . treasury and cio also use derivatives to meet the firm 2019s asset- liability management objectives . for further information on derivatives , see note 5 . the investment securities portfolio primarily consists of agency and nonagency mortgage- backed securities , u.s . and non-u.s . government securities , obligations of u.s . states and municipalities , other abs and corporate debt securities . at december 31 , 2017 , the investment securities portfolio was $ 248.0 billion , and the average credit rating of the securities comprising the portfolio was aa+ ( based upon external ratings where available and where not available , based primarily upon internal ratings that correspond to ratings as defined by s&p and moody 2019s ) . see note 10 for further information on the details of the firm 2019s investment securities portfolio . for further information on liquidity and funding risk , see liquidity risk management on pages 92 201397 . for information on interest rate , foreign exchange and other risks , see market risk management on pages 121-128 . selected income statement and balance sheet data as of or for the year ended december 31 , ( in millions ) 2017 2016 2015 .
in 2017 what was the ratio of the afs investment securities at period-end to the average
afs investment securities ( average ) 219345 226892 264758 htm investment securities ( average ) 47927 51358 50044 investment securities portfolio ( average ) 267272 278250 314802 afs investment securities ( period-end ) 200247 236670 238704 htm investment securities ( period-end ) 47733 50168 49073 investment securities portfolio ( period 2013end ) 247980 286838 287777 .
note 9 . commitments and contingencies operating leases we are obligated under noncancelable operating leases for corporate office space , warehouse and distribution facilities , trucks and certain equipment . the future minimum lease commitments under these leases at december 31 , 2009 are as follows ( in thousands ) : years ending december 31: .
what was the percentage change in rental expense for operating leases from 2008 to 2009?
rental expense for operating leases was approximately $ 57.2 million , $ 49.0 million and $ 26.6 million during the years ended december 31 , 2009 , 2008 and 2007 , respectively . we guarantee the residual values of the majority of our truck and equipment operating leases . the residual values decline over the lease terms to a defined percentage of original cost . in the event the lessor does not realize the residual value when a piece of equipment is sold , we would be responsible for a portion of the shortfall . similarly , if the lessor realizes more than the residual value when a piece of equipment is sold , we would be paid the amount realized over the residual value . had we terminated all of our operating leases subject to these guarantees at december 31 , 2009 , the guaranteed residual value would have totaled approximately $ 27.8 million . litigation and related contingencies in december 2005 and may 2008 , ford global technologies , llc filed complaints with the international trade commission against us and others alleging that certain aftermarket parts imported into the u.s . infringed on ford design patents . the parties settled these matters in april 2009 pursuant to a settlement arrangement that expires in september 2011 . pursuant to the settlement , we ( and our designees ) became the sole distributor in the united states of aftermarket automotive parts that correspond to ford collision parts that are covered by a united states design patent . we have paid ford an upfront fee for these rights and will pay a royalty for each such part we sell . the amortization of the upfront fee and the royalty expenses are reflected in cost of goods sold on the accompanying consolidated statements of income . we also have certain other contingencies resulting from litigation , claims and other commitments and are subject to a variety of environmental and pollution control laws and regulations incident to the ordinary course of business . we currently expect that the resolution of such contingencies will not materially affect our financial position , results of operations or cash flows . note 10 . business combinations on october 1 , 2009 , we acquired greenleaf auto recyclers , llc ( 201cgreenleaf 201d ) from ssi for $ 38.8 million , net of cash acquired . greenleaf is the entity through which ssi operated its late model automotive parts recycling business . we recorded a gain on bargain purchase for the greenleaf acquisition totaling $ 4.3 million , which is .
entergy corporation notes to consolidated financial statements sale and leaseback transactions waterford 3 lease obligations in 1989 , entergy louisiana sold and leased back 9.3% ( 9.3 % ) of its interest in waterford 3 for the aggregate sum of $ 353.6 million . the lease has an approximate term of 28 years . the lessors financed the sale-leaseback through the issuance of waterford 3 secured lease obligation bonds . the lease payments made by entergy louisiana are sufficient to service the debt . in 1994 , entergy louisiana did not exercise its option to repurchase the 9.3% ( 9.3 % ) interest in waterford 3 . as a result , entergy louisiana issued $ 208.2 million of non-interest bearing first mortgage bonds as collateral for the equity portion of certain amounts payable under the lease . in 1997 , the lessors refinanced the outstanding bonds used to finance the purchase of waterford 3 at lower interest rates , which reduced the annual lease payments . upon the occurrence of certain events , entergy louisiana may be obligated to assume the outstanding bonds used to finance the purchase of the unit and to pay an amount sufficient to withdraw from the lease transaction . such events include lease events of default , events of loss , deemed loss events , or certain adverse "financial events." "financial events" include , among other things , failure by entergy louisiana , following the expiration of any applicable grace or cure period , to maintain ( i ) total equity capital ( including preferred stock ) at least equal to 30% ( 30 % ) of adjusted capitalization , or ( ii ) a fixed charge coverage ratio of at least 1.50 computed on a rolling 12 month basis . as of december 31 , 2003 , entergy louisiana's total equity capital ( including preferred stock ) was 49.82% ( 49.82 % ) of adjusted capitalization and its fixed charge coverage ratio for 2003 was 4.06 . as of december 31 , 2003 , entergy louisiana had future minimum lease payments ( reflecting an overall implicit rate of 7.45% ( 7.45 % ) ) in connection with the waterford 3 sale and leaseback transactions , which are recorded as long-term debt , as follows: .
what portion of the total future minimum lease payments for entergy louisiana is used for interest?
grand gulf 1 lease obligations in december 1988 , system energy sold 11.5% ( 11.5 % ) of its undivided ownership interest in grand gulf 1 for the aggregate sum of $ 500 million . subsequently , system energy leased back its interest in the unit for a term of 26-1/2 years . system energy has the option of terminating the lease and repurchasing the 11.5% ( 11.5 % ) interest in the unit at certain intervals during the lease . furthermore , at the end of the lease term , system energy has the option of renewing the lease or repurchasing the 11.5% ( 11.5 % ) interest in grand gulf 1 . system energy is required to report the sale-leaseback as a financing transaction in its financial statements . for financial reporting purposes , system energy expenses the interest portion of the lease obligation and the plant .
part ii item 5 : market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities motorola 2019s common stock is listed on the new york and chicago stock exchanges . the number of stockholders of record of motorola common stock on january 31 , 2008 was 79907 . information regarding securities authorized for issuance under equity compensation plans is incorporated by reference to the information under the caption 201cequity compensation plan information 201d of motorola 2019s proxy statement for the 2008 annual meeting of stockholders . the remainder of the response to this item incorporates by reference note 16 , 201cquarterly and other financial data ( unaudited ) 201d of the notes to consolidated financial statements appearing under 201citem 8 : financial statements and supplementary data 201d . the following table provides information with respect to acquisitions by the company of shares of its common stock during the quarter ended december 31 , 2007 . issuer purchases of equity securities period ( a ) total number of shares purchased ( 1 ) ( 2 ) ( b ) average price paid per share ( 1 ) ( 3 ) ( c ) total number of shares purchased as part of publicly announced plans or programs ( 2 ) ( d ) maximum number ( or approximate dollar value ) of shares that may yet be purchased under the plans or programs ( 2 ) .
in 2007 what was the percent of the total number of shares purchased after 11/24/07
( 1 ) in addition to purchases under the 2006 stock repurchase program ( as defined below ) , included in this column are transactions under the company 2019s equity compensation plans involving the delivery to the company of 12043 shares of motorola common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock granted to company employees . ( 2 ) through actions taken on july 24 , 2006 and march 21 , 2007 , the board of directors has authorized the company to repurchase an aggregate amount of up to $ 7.5 billion of its outstanding shares of common stock over a period ending in june 2009 , subject to market conditions ( the 201c2006 stock repurchase program 201d ) . ( 3 ) average price paid per share of common stock repurchased under the 2006 stock repurchase program is execution price , excluding commissions paid to brokers. .
part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our class a common stock on the new york stock exchange ( nyse ) for the years 2004 and 2003. .
for the quarter ended june 30 what was the percentage change in the share price from he lowest to the highest
on march 18 , 2005 , the closing price of our class a common stock was $ 18.79 per share as reported on the as of march 18 , 2005 , we had 230604932 outstanding shares of class a common stock and 743 registered holders . in february 2004 , all outstanding shares of our class b common stock were converted into shares of our class a common stock on a one-for-one basis pursuant to the occurrence of the 201cdodge conversion event 201d as defined in our charter . our charter prohibits the future issuance of shares of class b common stock . also in february 2004 , all outstanding shares of class c common stock were converted into shares of class a common stock on a one-for-one basis . our charter permits the issuance of shares of class c common stock in the future . the information under 201csecurities authorized for issuance under equity compensation plans 201d from the definitive proxy statement is hereby incorporated by reference into item 12 of this annual report . dividends we have never paid a dividend on any class of common stock . we anticipate that we may retain future earnings , if any , to fund the development and growth of our business . the indentures governing our 93 20448% ( 20448 % ) senior notes due 2009 , our 7.50% ( 7.50 % ) senior notes due 2012 , and our 7.125% ( 7.125 % ) senior notes due 2012 prohibit us from paying dividends to our stockholders unless we satisfy certain financial covenants . our borrower subsidiaries are generally prohibited under the terms of the credit facility , subject to certain exceptions , from making to us any direct or indirect distribution , dividend or other payment on account of their limited liability company interests , partnership interests , capital stock or other equity interests , except that , if no default exists or would be created thereby under the credit facility , our borrower subsidiaries may pay cash dividends or make other distributions to us in accordance with the credit facility within certain specified amounts and , in addition , may pay cash dividends or make other distributions to us in respect of our outstanding indebtedness and permitted future indebtedness . the indentures governing the 12.25% ( 12.25 % ) senior subordinated discount notes due 2008 and the 7.25% ( 7.25 % ) senior subordinated notes due 2011 of american towers , inc . ( ati ) , our principal operating subsidiary , prohibit ati and certain of our other subsidiaries that have guaranteed those notes ( sister guarantors ) from paying dividends and making other payments or distributions to us unless certain .
a reconciliation of the beginning and ending amount of unrecognized tax benefits , for the periods indicated , is as follows: .
what was the total gross amount of money that the company received from their favorable audit?
the entire amount of the unrecognized tax benefits would affect the effective tax rate if recognized . in 2010 , the company favorably settled a 2003 and 2004 irs audit . the company recorded a net overall tax benefit including accrued interest of $ 25920 thousand . in addition , the company was also able to take down a $ 12356 thousand fin 48 reserve that had been established regarding the 2003 and 2004 irs audit . the company is no longer subject to u.s . federal , state and local or foreign income tax examinations by tax authorities for years before 2007 . the company recognizes accrued interest related to net unrecognized tax benefits and penalties in income taxes . during the years ended december 31 , 2010 , 2009 and 2008 , the company accrued and recognized a net expense ( benefit ) of approximately $ ( 9938 ) thousand , $ 1563 thousand and $ 2446 thousand , respectively , in interest and penalties . included within the 2010 net expense ( benefit ) of $ ( 9938 ) thousand is $ ( 10591 ) thousand of accrued interest related to the 2003 and 2004 irs audit . the company is not aware of any positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease within twelve months of the reporting date . for u.s . income tax purposes the company has foreign tax credit carryforwards of $ 55026 thousand that begin to expire in 2014 . in addition , for u.s . income tax purposes the company has $ 41693 thousand of alternative minimum tax credits that do not expire . management believes that it is more likely than not that the company will realize the benefits of its net deferred tax assets and , accordingly , no valuation allowance has been recorded for the periods presented . tax benefits of $ 629 thousand and $ 1714 thousand related to share-based compensation deductions for stock options exercised in 2010 and 2009 , respectively , are included within additional paid-in capital of the shareholders 2019 equity section of the consolidated balance sheets. .