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Next Gen XBRL - "EOY 2020" vs "As of Q4 2020"

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I'm working on our 10-K (we just transitioned in Q320) and I noticed that most of my instant tags for 12/31/2019 are using the "EOY 2019" date, but the tags for 12/31/2020 are using the "As of Q4 2020."

What's the difference?

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  • Rachael Abdelkhalek

    Hi Jennifer, thanks for the question!

    I can't say for sure what might be causing this. It could be because of the way your fiscal calendar is set up so it would definitely be worth taking a look at it to ensure it's correct. As long as the XBRL date that is applied is correct it shouldn't matter what the label is reading. 

    Our Support team could take a look at it with you to dive into more specific reasons this might be happening. Feel free to give them a call if you'd like! 

    Thanks, 
    Rachael

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  • Ryan Hammer

    We are having this same issue. It shows up fine in the SEC viewer and the iXBRL viewer but the differentiation of label is look doesn't help with reviewing XBRL dates as it doesn't highlight As of Q4 2020 dates when hovering over EOY 2020.

    I wonder if it has to do with some tags being used in the 10Q, so those dates roll over to each Q and therefore show up as "as of" versus the tags only being used in the 10-K, which are always EOY. Just a thought, but hard to verify on our end. Please have the Support team look into this as it would be helpful when Reviewing Facts as Dates and would reduce confusion.

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  • Mike

    Thanks for letting us know, Ryan! We'll certainly bring this up and see what the team can do to assist. Holler if you need anything else. Cheers!

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  • Jennifer Bartlett

    Ryan Hammer, Mike and Rachael Abdelkhalek,

    Here's what Support told me: "Regarding "EOY" vs "As of...", this indicates how the dates will increment when rolled forward.  "EOY" dates will only increment by years (not quarters).  "As of..." dates will roll to a quarter end date every time the period changes.  This will not cause issues with rendering as the same date is still applied, although if incorrectly applied it may cause issues when the dates are rolled forward.  For a 10-K filing, we would expect them to be EOY, as this is a year-end filing."

    Based on this, I changed all of the 12/31/20 dates to the EOY version by going into the calendar and reselecting the 12/31/20 date. I also had an issue with all of my 2018 facts having "As of Q2 2020" (maybe because we transitioned in Q3?); so, I changed all of those to the "EOY 2018." I verified that changing to the EOY 2020 in the 10-K did not change the "As of Q4 2020" in my 10-Q document (we use single source spreadsheet).

    I imagine this was just an issue with the transition tool not knowing the difference in the dates. Since most current customers should be transitioned by now, and all new customers will only ever know Next Gen, this probably won't be an on-going issue. However, it would probably be helpful for Support to put out a communication to tell everyone to check for this.

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  • Mike

    Thanks for the update! I'll definitely circle back with the Support team and our XBRL experts about any appetite for pushing out some info on this. Thanks as always for your insights and let us know if you need anything else. Cheers!

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  • Mike

    Quick update for you Jennifer Bartlett and Ryan Hammer. As this continues to surface, we are looking to actually have some additional language and/or a description added to the XBRL Date Selector panel, describing this difference. I'll keep you updated on when this may become released, and/or any other updates I have for you. Certainly give me a holler if you have questions in the meantime too. Thanks again, and the happiest of holidays to you!

     
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