XBRL US 2012 National Conference | Pre-Conference Webinar ...files.xbrl.us/presentations/2012conf/PreConfWebinar20120829.pdf · XBRL US is the national consortium of xml business

• Understanding Dimensions

– Eric E. Cohen

– John Swirsding

• XBRL Terminology – Julie Valpey

• Footnote Tagging Case Study – Debt Disclosure – Lou Rohman

Pre-Conference Webinar

Copyright 2012 XBRL US, Inc. All rights reserved. XBRL US is the national consortium of xml business reporting standards

Notes to the Financial Statements (i) each complete footnote tagged as a single block of text;

(ii) each significant accounting policy within the significant accounting policies footnote tagged as a single block of text;

(iii) each table within each footnote tagged as a separate block of text; and

(iv) within each footnote, each amount (i.e., monetary value, percentage, and number) separately tagged.

Supplemental Schedules (i) each complete schedule tagged as a single block of text;

(ii) within each schedule, each amount (i.e., monetary value, percentage, and number) separately tagged.

Why Are We Talking About Dimensions?

Smaller Companies Move From Block-Text Tagging (i)


• Tables in Year 1

– Classes of stock in Statement of Stockholder’s Equity

– Limited legal entities

– Face of the Financials is relatively “flat”

• Tables in Year 2

• Over 200 dimensional tables

• Highly concentrated in the Notes

• SEC recommends using table structures where UGT is dimensional

Year 1: 2-3 “Tables”; expands in Year 2 to many

Why Care About “Dimensions”?

slide 3


• Pre-dimensions

– Line item (Revenue) • Found in taxonomies

– Which was reported • For an organization

• Perhaps a segment

• At a point in time

• Perhaps a reporting scenario

– Found in an instance document

• Dimensions – Line items (columns or “y-axis”)

– Associated with a table

– The table is associated with additional dimensions (axes) (rows, “x” and other axes)

– Defined in taxonomy in definition linkbase

– Portrayed in presentation linkbase

– Axis and value (member) pairs in instance

XBRL began with line items at a point in time

The World Was Flat

slide 4


• Line item: The “noun”, generally the major reporting concept, like “Revenue”

• Table: Contains one or more Dimensions (Axis + Domain), Domain Members and associated with a group of Line Items

• Axis: Dimensions are used to differentiate reported information. Each Axis represents a way that the information may be classified. For example, Revenue might be associated with a Business Segments Axis, a Geographical Axis or a Products and Services Axis

Terms to Know Understanding Dimensions & XBRL Terminology

Slide Header

slide 5


• Domain: a set or list of items (Members) with common characteristics such as a list of Countries or Reporting Segments

• Member: (or Domain Member): An item representing one of the possibilities within a Domain, such as a specific Country or Segment

Terms (Cont.)


7

(Dollars in millions)

North

America

South

America

Asia

Total

2011

Revenue from external

customers

$ 57,736 $ 33,219 $ 24,992 $ 115,947

Intersegment Revenue 142 1,049 1,023 2,214

Gross Profit 7,878 4,268 6,015 18,161

ABC Company

Segment Disclosure

[Line Items]

[Table]

[Members]

[Domain] [Axis]

Typical View of Dimensions


Components of Extensible Business Reporting Language (“XBRL”)

Business Report

Instance

Document

Base

Taxonomy

(Schema)

Linkbase Linkbase

Linkbase

The XBRL Specification defines two components: 1) Taxonomies, which provides business reporting concepts and data structure

2) Instances, which provides the reported information as described by the taxonomy

3) Dimensions are defined in the definition linkbase, portrayed in the presentation linkbase

8

Co.xsd

Co.PRE

Co.LAB

Co.CAL

Co.DEF


• Dimensional concepts are defined in the taxonomy

• Relationships between the dimension concepts formally defined in definition linkbase – Table is add-on to line items

• Table mirrored with minor changes in presentation linkbase – Table encompasses line items

• Values are created in the instance document

– Made up of line item + axis/member pairs in associated context (segment)

Components


Table Structure Comparison

Presentation linkbase to

Definition linkbase • The definition linkbase is the

“true” technical design of the

table; the presentation linkbase

seeks to make it more intuitive.

• The [Table] in the definition

linkbase does not include the

line items. (The y-axis falls

outside of the table.)

• The [Table] in the presentation

linkbase includes the line items

– everything falls under the

table.

Definition

[Line Items]

[Table]

[Axis]

[Domain]

[Member]

Line items

Table Axis/Domain

Line Items Member Member Member Member Member

Line item

Line item

Line item

Presentation

[Table]

[Axis]

[Domain]

[Member]

[Line Items]

Line items

Same Level Same Level

10 Copyright 2012 XBRL US, Inc. All rights reserved. XBRL US is the national consortium of xml business reporting standards

Example: Equity Statement

Many Pieces of Information Necessary to Express

slide 11

Dividends Paid, Common Stock, Retained Earnings


Example: Equity Statement

UGT Designed to Permit Collection of Many Aspects

slide 12


Equity Statement (Cont.)

slide 13


Equity Statement (Cont.)

Line Item Plus Related Context Captures

slide 14

<xbrldi:explicitMember dimension="us-

gaap:StatementClassOfStockAxis">xyz:CompanyCommonStockMember</xbrldi

:explicitMember><xbrldi:explicitMember dimension="us-

gaap:StatementEquityComponentsAxis">us-

gaap:RetainedEarningsMember</xbrldi:explicitMember>

<us-gaap:DividendsCommonStockCash contextRef=“x1" decimals="-3“

unitRef="usd">33056000</us-gaap:DividendsCommonStockCash>

Dividends Paid, Common Stock, Retained Earnings


• Although the mechanism to bring together line items and additional attributes is called “tables”, the content that needs to be dimensionalized may appear in either a presentation table or just as numbers in paragraphs of text.

• Level iii tagging (every “table”) is not the same as dimensional table

• Presentation tables may be “flat” (line items only)

Stepping Back

Dimensions – Line Item PLUS Additional Attributes

slide 15


Note 12. Fair Value Measurements

The Company’s $34 million and $57 million in cash equivalents at June 30, 2013 and December 31, 2012, respectively, were carried at fair value in the Balance Sheets based on quoted market prices for identical securities (Level 1 inputs).

Stepping Back

Just because presentation is text doesn’t mean it isn’t “tables”

slide 16


Describing Facts Using Dimensions

Why dimensions? Dimensions

Values

Pivot table where the year, business segment and region pivot around the revenue values.


Creating Concepts without Dimensions

Power of Multidimensional Representations RevenuesProductsUS RevenuesServicesUS RevenuesFinancingUS

RevenuesProductsCanada RevenuesServicesCanada RevenuesFinancingCanada

RevenuesProductsMexico RevenuesServicesMexico RevenuesFinancingMexico

•Having to explicitly create a new taxonomy element for

every combination of line item, axis and domain member

can be difficult to manage

•Analyzing the breakdowns by one of the axes or a

combination of the axes is relatively simple when

dimensionalized, requires pattern matching or keeping

lists of related items in non-dimensional approach


XBRL table – dimension relationship

Primary Line Item (abstract)

Revenues Line Item 2 Line Item 3

All

domain-member


Dimensions/Axes


Domains and Members


Domains and Members

Members of Business

Segment

Members

of

Region


Domains and Members


Line items (primary items)

Primary Line Item (abstract)

Revenues

All domain-member


In a Taxonomy Editing Tool


ABC Company

Statement of Stockholders Equity

Dimension Illustration


27

ABC Company

Property, Plant and Equipment Disclosure

Dimension Illustration

Property, Plant, and Equipment Type

(Dollars in millions)

Land Building Equipment Total

Property, plant, and equipment $ 2,345 $ 528 $ 1,552 $ 4,425

Accumulated depreciation - 144 498 642

Property, plant and equipment, net $ 2,345 $ 384 $ 1,054 $ 3,783

[Line Items]

[Table]

[Members]

[Domain] [Axis]


28

Common Dimensions & Members

Common Dimensions/Members are provided within the us-gaap taxonomy

It is important to use existing Dimensions/Members before creating extensions

Common Dimensions are located in section 190000

Country Members are located in section 995410


• Dimensions

• Members

• Axis

• Domain

• Hypercube

• Line items

• Extended link role

• Groups

• Deprecated element

• Calculation linkbase

• Presentation linkbase

• Definition linkbase

• Reference linkbase

• Types of textblocks

• Document entity information

• Abstract

• Calculation weights

XBRL Terminology


• Types of labels – Standard Label

– Axis Default Label

– Terse/verbose label

– Change Label

– Deprecated Date Label

– Deprecated Label

– Documentation Label

– Period End Label

– Period Start Label

– Total Label

• Negated label

• Data type

XBRL Terminology


• Dimension/axis

A way to present facts in a table; similar to the rows and columns in a pivot table.

• Members

Item that represents one of the categories in a table.

• Domain

An element that represents an entire set of other elements; the domain and its members are used to classify facts along the axis of a table.

XBRL Terminology

Terms Applicable to Tables


• Hypercube

An XBRL table. Represents an entire dimensional structure.

• Line items

Elements that conventionally appear on the vertical axis (rows) of a table, such as revenue

XBRL Terminology

Terms Applicable to Tables


XBRL Terminology

Table (or Hypercube) Quarters Department Product Data

Sales Profit %

Q1 100 A 50,000 10,000 31.5

Q1 200 B 20,000 8,000 31.8

Qtr 1 Total 70,000 18,000 31.5

Q2 100 A 63,000 12,000 26.7

Q2 200 B 32,000 13,000 34.8

Qtr 2 Total 95,000 25,000 29.9


• Extended link role (groups)

An attribute that identifies the purpose of the relationships within an linkbase.

• Calculation linkbase

Shows the calculation relationship between concepts; used to verify reported values

• Presentation linkbase

Demonstrates how the concepts should be presented in rendered form

XBRL Terminology

General Terms


• Definition linkbase

Defines relationships for dimensions and other concept relationships not already defined in the presentation or calculation linkbases.

• Reference linkbase

Links concepts to authoritative reference materials such as FASB codification.

• Deprecated element - An element no longer supported in the current taxonomy, should not be used.

XBRL Terminology

General Terms



Level 1 - Disclosure textblocks

Tagging each complete footnote as a single block of text.

Level 2 - Policy textblocks

Requires that each significant accounting policy within the significant accounting policies footnote be tagged as a single block of text. The tagging methodology for level 2 is the same as level 1

XBRL Terminology

General Terms


• Example Level 1 Textblock

XBRL Terminology

General Terms



Level 3 - Table textblocks

Each table within each footnote tagged as a separate block of text and combined with all Level 4 requirements (i.e. detailed tagging of footnotes)

XBRL Terminology

General Terms


• Document entity information –

DEI provides information on the corporate entity and the document being reported; this information is typically found on the front of a Form 10-K or 10-Q (i.e. company name, FYE, cover sheet declarations)

• Abstract –

A container that has no fact value, it contains other concepts

XBRL Terminology

General Terms


• Calculation relationships

Additive relationships between numeric items expressed as parent-child hierarchies

• Calculation weights –

Each calculation child has a weight attribute (+1 or -1) based upon its natural balance of the parent and child items.

XBRL Terminology

General Terms


• Labels

A Label is a human-readable name for an element; each element has a standard label that corresponds to the element name, and is unique across the taxonomy. Types of labels include: – Preferred

– Standard Label

– Total

– Period start/end

– Terse/verbose

– Documentation label

– Negated

XBRL Terminology


• Standard label role–

Name of the financial concept being reported, if the element is not presented as a total or as a beginning or ending balance

• Documentation label role –

Documentation label roles enable additional textual descriptions to be added to a concept

XBRL Terminology


XBRL

Element

Basic Attributes

Data Type

Balance Type

Period Type

Documentation

Label

Name (i.e. XBRL “Tag”)

Standard Label

Monetary / String, etc.

Debit / Credit

Instant / Duration

The aggregate tax effects as of the balance sheet date of all future

tax deductions arising from temporary differences between tax basis

and generally accepted accounting principles basis recognition of

assets, liabilities, revenues and expenses, which can only be

deducted for tax purposes when permitted under enacted tax laws;

net of deducting the allocated valuation allowance, if any, to reduce

such amount to net realizable value.

DeferredTaxAssetsNet

Deferred Tax Assets, Net

XBRL Terminology


• Terse, Verbose and Negating Labels -

Additional labels that can be used for an element to differentiate values presented multiple times with different human readable labels (terse and verbose labels) or with different signs (use Negating labels if in your presentation of a line item, the sign flips between statements)

XBRL Terminology


• Terse label - Short label role for a concept, often omitting text that should be inferable when the concept is reported in the context of other related concepts.

• Verbose label - Extended label for a concept, making sure not to omit text that is required to enable the label to be understood on a stand alone basis

• Negating label – A mechanism to visualize the negation of displayed numeric values. Negating labels affect only the visualization of the reported data and not the data itself (there is no influence on the sign of reported facts).

XBRL Terminology


XBRL Terminology

Role Label for Item NetResultForeignCurrencyTranslation

Standard label Currency Translations, Net

Terse label F/X Net

Verbose label Foreign Currency Translations, Net Result

Positive label Foreign Currency Translations Gain

Positive terse label F/X Gain

Negative Label Currency Translations, Loss

Negative terse label F/X Loss

Negative verbose label Foreign Currency Translations, Net Loss


Preferred label -

Assigned to a specific presentation link to determine which label role is used when presented

For example, the preferred label role for cash dividends is:

http://xbrl.us/CorporateActions/role/eventLabel/CashDividend.

Total label role –

Use if same element appears with different labels if shown as a summation of other line items, also impacts SEC viewer

PeriodStart / PeriodEnd label roles

(instant periodtype only) if presented as a beginning /ending of a roll forward (e.g., cash balances)

XBRL Terminology


Example Tagging – Debt Footnote

Debt Disclosure


Debt Disclosure

slide 2


US GAAP Taxonomy for Debt Footnote

slide 3

Section of US GAAP Taxonomy for tagging debt footnote



slide 4

Section of US GAAP Taxonomy for tagging debt footnote



slide 5

Applicable section for tagging debt footnote



slide 6




slide 7




slide 8




slide 9




slide 10

Line Items in US GAAP Taxonomy for debt schedule


Debt Schedule in Footnote

slide 11

US GAAP Taxonomy:



slide 12

L1 L2 L3

US GAAP Taxonomy:



slide 13

L1 L2 L3

?

US GAAP Taxonomy:



slide 14

L1 L2 L3

?

To tag the components of long-term debt, a dimensional table will be used.



slide 15

Applicable Axis and Domain for debt footnote


Addition of Customized Members

slide 16

Applicable Members added to company’s taxonomy

An extension is created for each debt instrument


Addition of Customized Members

slide 17

Applicable Members added to company’s taxonomy

M1

M2

M3

M4 M5

M6


Dimensional Table - Debt Disclosure

slide 18

Members and Line Items for tagging debt schedule

M1

M2

M3

M4 M5

M6

L1 L2

L3



slide 19

L1 L2 L3

?



slide 20

L1 L2 L3

L1 M1



slide 21

L1 L2 L3

L1 M1 ?



slide 22

L1 L2 L3

L1 L1

M1 M2



slide 23

L1 L2 L3

L1 L1 L1

L1 L1

L1

M1 M2 M3 M4 M5 M6



slide 24

Percentages need to be individually tagged



slide 25

Applicable Line Item elements



slide 26


L4



slide 27

Tag structure used for carrying values

New element added to existing tag structure



slide 28

?



slide 29

L4 M1



slide 30

L4 M1 L4 M2



slide 31

L4 M1 L4 M2 L4 M3 L4 M4 L4 L4

M5 M6


Debt Disclosure

slide 32

Amount to be tagged for stated principal at issuance



slide 33


L4



slide 34


L4

L5


Debt Disclosure

slide 35


Tag structure used previously



Debt Disclosure

slide 36


?


Debt Disclosure

slide 37


L5 M1


Debt Disclosure

slide 38

Amount to be tagged for fair value of debt



slide 39


L4

L5



slide 40


L6

L4

L5


Debt Disclosure

slide 41


Tag structure used previously


L5

L2 L1

L3 L4

M1 M2 M3

M4 M5 M6

L6


Debt Disclosure

slide 42


L5

L2 L1

L3 L4

M1 M2 M3

M4 M5 M6

L6

?


Debt Disclosure

slide 43


L5

L2 L1

L3 L4

M1 M2 M3

M4 M5 M6

L6

L6


Debt Disclosure Solution

slide 44

Final tag selection and structure for debt footnote


Documents

XBRL US 2012 National Conference | Pre-Conference Webinar ...files.xbrl.us/presentations/2012conf/PreConfWebinar20120829.pdf · XBRL US is the national consortium of xml business