A description and financial effect of any event that is determined to be unusual or infrequent to the normal course of operations. The aggregate gain on restructuring of payables The income tax affect on the gain recognized on the restructuring of payables for troubled debt restructurings Disclosures for troubled debt restructuring. For debtors disclose: (a) a description of the principal changes in terms, the major features of settlement for each restructuring, (b) the aggregate gain on restructuring and the related income tax effect, (c) the per share amount of the total gain on restructuring, net of related income tax effect, and (d) the total gain or loss on transfers of assets recognized during the period. After a troubled debt restructuring has occurred disclose: (a) the extent and amount to which amounts contingently payable are included in the carrying amount of restructured payables, and (b) the conditions under which those amounts would become payable or would be forgiven when there is at least a reasonable possibility that a liability for contingent payments will be incurred. When a creditor that has a restructured loan that has been written down in a troubled debt and is no longer impaired, the creditor discloses the recorded investment and amount of the write-down. If a loan was restructured prior to December 15, 1994, disclosure includes the aggregate recorded investment, the gross interest income that would have been recorded based on original terms, and the amount of interest on those receivables that was included in net income). Creditors often disclose if any commitments to lend additional funds to debtors with troubled debt restructuring have been made. For debtor, the per share amount of aggregate gain on restructuring of payables. The amount of write-down against the aggregate recorded investment in troubled debt for creditors. The aggregate recorded investment in troubled debt for creditors. The undiscounted amount of the recourse obligation if the transferor recognizes its liability on a present value basis The present value of recourse obligation The characteristics of securitizations (a description of the transferor's continuing involvement with the transferred assets, including, but not limited to, servicing, recourse, and restrictions on retained interests) The gain or loss from sale of financial assets in securitizations, if the company has securitized financial assets during any period presented and accounts for that transfer as a sale. Disclosures about the transfers and related assets and liabilities of financial assets.If a transferor recognizes a liability for a transfer on a present value bases, disclosethe undiscounted amount of the recourse obligation and interest rate usedIf it is not practicable to estimate the fair value of certain assets obtained or liabilities incurred in transfers of financial assets, provide a description of those items and the reasons why it is not practicable to estimate their fair value. If the company has securitized financial assets and accounts for that transfer as a sale, for each major asset type (e.g., mortgage loans, credit card receivables, and automobile loans) disclose: (a) its accounting policies for initially measuring the retained interests, (b) the characteristics of securitizations and the gain or loss from sale of financial assets in securitizations, (c) the key assumptions used in measuring the fair value of retained interests at the time of securitization, and (d) cash flows between the securitization special purpose entity (SPE) and the transferor. If the company has retained interests in securitized financial assets, for each major asset type disclose: (a) its accounting policies for subsequently measuring those retained interests, (b) the key assumptions used in subsequently measuring the fair value of those interests, (c) a sensitivity analysis or stress test showing the hypothetical effect on the fair value of those interests, and (d) for the securitized assets and any other financial assets that it manages together with the retained interest, include the total principal amount standing, the portion that has been derecognized, the portion that continues to be recognized, delinquencies at the end of the period, and credit losses and net of recoveries. Description of any known trends or uncertainties reasonably expected to have or that have had a material impact on revenues, expenses or income from continuing operations related to the Euro conversion, including: (a) the nature and impact of conversion problems, if applicable, and the steps management is taking to resolve them, (b) (for computer systems) costs incurred for system modifications related to the Euro conversion and expected future costs if system modifications are not complete, (c) the registrant's ability or inability to pass along incremental costs to customers, (d) longer-term competitive implications of the conversion, (e) the nature, timing and expected effects on financial condition and results of operations of any change in the functional currency of one or more foreign operations, (f) any material impact of the euro conversion incurred or expected to be incurred on outstanding derivatives and other financial instruments, (g) the nature of any changes in how exposures to derivatives and other financial instruments are now (or will be) managed subsequent to the euro, (h) the risks that material contracts may require revision to ensure continuity, and (i) any material (or potentially material) tax consequences. Companies involved in the sale or purchase of tax benefits through tax leases disclose the methods of recognizing revenue and allocating the income tax benefits and asset costs to current and future periods. If a significant variation exists in the normal relationship between income tax expense and pretax accounting income occurs as a result of sales or purchases of tax benefits through tax leases, disclose the estimated amount and nature of the variation. Disclose events subsequent to the balance sheet date that are required to keep the financial statements from being misleading. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, losses resulting from fire or flood, losses on receivables, significant realized and unrealized gains and losses that result from changes in quoted market prices of securities, declines in market prices of inventory, changes in authorized or issued debt (SEC), and significant foreign exchange rate changes. Describe and amounts of all aspects of warrants and rights outstanding Description of the voting rights of preferred stock Describe the title of each type of warrant or rights outstanding Description of the conversion terms if preferred stock is convertible Description of the conversion terms if common stock is convertible A summary of stock option activity, including the number of shares beginning balance, issued, exercised, forfeited, expired and ending (outstanding) balances during the period and each related weighted average exercise price Description and amounts of all aspects of exercisable stock options, such as range of exercise prices, number of exercisable stock options, weighted average remaining life and exercise price for all exercisable options for a specific range of exercise prices, total number of exercisable stock options and related weighted average exercise price for a given period Description of the stock split arrangement The number of shares that were issued when preferred stock was converted The number of shares that were issued when common stock was converted Description of the reverse stock split arrangement (For SEC registrants) For issued stock or equity securities that has mandatory redemption requirements, disclosures often include: (a) a general description of each issue including its redemption features and the rights of holders, (b) five-year aggregate redemption amounts, (c) changes in the redemption amount of each redeemable security issue, and (d) the accounting method selected to account for any difference between carrying value and redemption amount. If the redemption amount is variable in the future (e.g., redeemable at market value) disclose: (a) accounting policy for recognition of changes in the redemption value, and (b) redemption value of the security "as if" it were redeemable on the balance sheet date. If redemption is uncertain, disclose the reasons why. For preferred stock, per share amount of cumulative preferred dividends in arrears. The number of shares in treasury - common stock The number of shares of common stock issued The number of securities that is called for by warrants or rights outstanding The exercise price of warrants or rights The effect on net income if the company applied FAS 123 to compute stock based compensation instead of APB 25. The effect on earnings per share if the company applied FAS 123 to compute stock based compensation instead of APB 25. Description of the type of class of preferred stock Description of the type of class of common stock The number of shares of preferred stock authorized for issuance The number of shares of common stock authorized for issuance The amount of preferred stock dividends The per share amount of preferred stock dividends The per share amount of common stock dividends The amount of common stock cash dividends For preferred stock, aggregate amount of cumulative preferred dividends in arrears. This label includes information about stockholder's equity. The following items are requried by the SEC and are included in the disclosure of stockholder's equity (e.g. common, preferred and treasury stock, warrants and rights, other components). Examples of disclosures include (1) for preferred stock, date and amount shares may be called or redeemed, aggregate and per share amount of cumulative preferred dividends in arrears, description of voting rights, dividend rate and whether cumulative or not, etc., (2) capital shares reserved for future issuance, (3) (SEC) for warrants or rights outstanding, disclose the title and aggregate amount of securities called for by warrants or rights outstanding, period during which warrants or rights are exercisable, and the exercise price, (4) (SEC) the dollar amount of capital shares subscribed but unissued, (5) appropriated and unappropriated retained earnings and the nature and extent retained earnings are restricted, (6) (SEC) significant restrictions on payment of dividends, (7) if treasury shares are purchased at a stated prices significantly in excess of current market prices, disclose amounts allocated to other elements of the transaction and the related treatment, and (8) the number of shares issued upon conversion, exercise or satisfaction of required conditions. Total compensation cost recognized in the income statement for stock-based employee compensation awards. The number and weighted-average exercise prices of options for each of the following groups of options: (a) outstanding at the beginning of the year, (b) outstanding at the end of the year, (c) exercisable at the end of the year, (d) granted during the year, (e) exercised during the year, (f) forfeited during the year, and (g) expired during the year. Disclosures for stock based compensation often include the following: Provide a description of the stock compensation plan(s), including the general terms of awards under the plan(s), such as vesting requirements, the maximum term of options granted, and the number of shares authorized for grants of options or other equity instruments. For each period for which an income statement is provided, disclose the net income and earnings per share, computed as if compensation cost had been measured based on the fair value based accounting method of FAS 123 (if APB 25 is used). Additionally, often included is stock compensation details, such as (1) the number and weighted-average exercise prices of options outstanding at the beginning and end of the year, exercisable at the end of the year, and granted, exercised, forfeited and expired during the year, (2) the weighted-average grant-date fair value of options granted during the year, (3) the number and weighted-average grant-date fair value of equity instruments other than options (e.g., shares of nonvested stock) granted during the year, (4) a description of the method (e.g., Black-Scholes, binomial) and significant assumptions used during the year to estimate the fair values of options, including risk-free interest rate, expected life, expected volatility, expected dividends, (5) total compensation cost recognized for stock-based employee compensation awards, and (6) the terms of any significant modifications of outstanding awards. For options outstanding at the date of the latest balance sheet presented, disclose the range of exercise prices, weighted-average exercise price, and weighted-average remaining contractual life. All investing and financing activities that affect recognized assets or liabilities but do not result in cash receipts or payments. If the direct method of reporting cash flows is used, the reconciliation of net income to net cash flows from operating activities that would have been reported had the indirect method been used. Also include information about all investing and financing activities that affect recognized assets or liabilities but do not result in cash receipts or payments. This label may also include disclosure of cash flows from investing activities, the gross cash flows from purchases, sales, and maturities of available-for-sale securities and separately for held-to-maturity securities. Cash flows from purchases, sales, and maturities of trading securities shall be classified as cash flows from operating activities and may be reported net. Explanations of "critical accounting policies," the judgments and uncertainties affecting the application of those policies, and the likelihood that materially different amounts would be reported under different conditions or using different assumptions. Description of the company's accounting policy for selling, general and administrative expenses If there has been an accounting change that has been accounted for by reporting its cumulative effect, disclose pro forma information for the prior years presented. Any matters that significantly affect the comparability of the information, such as accounting changes, business combinations, or dispositions of business operations, and any significant uncertainties that might cause the data not to be indicative of future financial condition or results of operations. The consolidated financial data for each of the last five fiscal years, including: (a) net sales or operating revenues, (b) income (loss) from continuing operations, (c) income (loss) from continuing operations per common share, (d) total assets, (e) long-term obligations and redeemable preferred stock, (f) cash dividends declared per common share, (g) additional items as necessary to enhance trends in financial condition and results of operations (e.g., gross profit, key financial ratios), and (h) significant trend data by segment. The amount of total revenues from external customers for each product and service or each group of similar products and services If revenues from single external customer amount to 10 percent or more of an enterprise's revenues, the total amount of revenues from each such customer For each of the last three fiscal years the amount or percentage of total revenue contributed by any class of similar products or services that accounted for ten percent or more of consolidated revenue; or fifteen percent or more of consolidated revenue if total revenue did not exceed $50,000,000 in any of the last three fiscal years. For each reportable segment, the amount of: (a) revenues from external customers, (b) revenues from transactions with other operating segments of the same enterprise, (c) interest revenue, (d) interest expense, (e) depreciation, depletion, and amortization expense, (f) unusual items, (g) equity in the net income of investees accounted for by the equity method, (h) income tax expense or benefit, (i) extraordinary items, (j) significant noncash items other than depreciation, depletion, and amortization expense. Description of the principal markets and methods of distribution of each segment's principal products and services. A description of each different segment of the business. The amount of long-lived assets (other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets) located in all foreign countries in total. If assets in an individual foreign country are significant, disclose those assets separately and the name of the country. The amount of long-lived assets (other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets) located in the enterprise's country of domicile. Description of the risks related to foreign operations and any segment's dependence upon such foreign operations. The amount of revenues from external customers attributed to all foreign countries in total. If revenues from external customers attributed to an individual foreign country are significant, disclose these revenues separately and the name of the country. The amount of revenues from external customers attributed to the enterprise's country of domicile (e.g., the U.S.). Companies often disclose the reportable segments of their business and how they determined the segments (e.g. by products and services, geography, regulatory environments, etc). For each segment, specific amounts of items are often reported, such as revenue by product/service and external customers, profit or loss, total assets, interest revenue and expense, depreciation and amortization expense, income tax expense, and expenditures on long lived assets. Explanations are often included on differences between each segment, such as 1) certain measurements of segment profit or loss (e.g. income before taxes, extraordinary items, discontinued operations, change in accounting principle) and assets and 2) changes in methods and measurements from prior year, between segment and consolidated assets. Reconciliation is also provided between the total of the segment items disclosed (e.g. revenue, assets, etc) to the consolidated entity. If not disclosed as part of operating segment information, disclose: (a) total revenues from external customers for each product and service, (b) geographic information about revenues from external customers and long-lived assets, and if this is impracticable, that fact shall be disclosed. If revenues from a single external customer are 10 percent or more of total revenues, disclose the total amount of revenues from each such customer and the identity of the segment or segments reporting the revenues. (For SEC registrants) For each transaction when sales of previously unissued stock by a subsidiary or equity investee are made to investors outside the consolidated group, include a description of the transaction (e.g. subsidiary name and nature of its operations, the number of shares issued, price per share, total dollar amount and type of consideration received, the parent's percentage ownership in the subsidiary before and after the stock issuance, and whether deferred income taxes have been provided on gains recognized). The total obligation for future minimum lease payments as of the date of the latest balance sheet for a seller-lessee The obligation for future minimum lease payments as of the date of the latest balance sheet for each of the five succeeding fiscal years for a seller-lessee Disclosure of a sale-leaseback transaction often includes a description of the terms of the sale-leaseback transaction(s), including future commitments, obligations, and provisions. If a seller-lessee accounted a sale-leaseback transaction by the deposit or financing method, include in the aggregate and for the next five fiscal years the future minimum lease payments obligations, and the future minimum sublease rentals to be received under noncancelable subleases. Disclosures of certain significant risks and uncertainties often include : 1) a description of the major products or services the company sells or provides, 2) a description of its principal markets and locations 3) for companies that operate in more than one business, the relative importance of its operations in each business, and the basis for that determination (e.g., assets, revenues, or earnings), 4) for all estimates which information is known to management that an estimate will possibly change in the near term, disclose the nature of the uncertainty and possibility of its change, and an estimate of the possible loss or range of loss,5) known concentrations that make the company vulnerable to risk that may be reasonably possible to arise in the near term (e.g. the volume of business with particular customer or supplier, revenue from particular products or services, available sources of supply of materials, labor, or services, and the market or geographic area). For concentrations of labor subject to collective bargaining agreements, disclose the percentage of the labor force covered by a collective bargaining agreement and the percent that will expire within one year. For concentrations of operations located outside of the entity's home country, disclose the carrying amounts of net assets and the geographic areas in which they are located. The expiration date of a revolving credit facility, which is a contractual agreement between a bank and the company where the bank agrees to provide loans up to a specified maximum over a specified period of time. The amounts of a revolving credit facility, which is a contractual agreement between a bank and the company where the bank agrees to provide loans up to a specified maximum over a specified period of time. Desciption and amounts of a revolving credit facility, which is a contractual agreement between a bank and the company where the bank agrees to provide loans up to a specified maximum over a specified period of time. Description and fair value of assets and that are legally restricted for purposes of settling asset retirement obligations. This label includes a general description of the asset retirement obligations and the associated long-lived assets, and the fair value of assets that are legally restricted for purposes of settling asset retirement obligations. It may also include a reconciliation of the beginning and ending aggregate carrying amount of asset retirement obligations identifying key components (e.g. liabilities incurred and settled in the current period, accretion expense, revisions in estimated cash flows). If the fair value of an asset retirement obligation cannot be reasonably estimated, discuss why. A description of the type of exit costs recognized as liabilities A description of the type of exit costs and amount paid and charged against the liability Disclose whether a company has begun to develop an exit plan, its major actions to exit or terminate employees, any unresolved issues to finalize the plan to terminate employees, type and amount of liabilities assumed and allocated for exit and termination of employees activities. When restructuring activities have been executed, describe the type and amount of exit, employee termination and relocation costs paid and charged to liability and amount of any adjustments to the liability account. The amount of relocation costs paid and expensed prior to full execution of the restructuring plan developed Discussion of the effects of a restructuring charge recognized in a prior period includes: (a) material changes and activity in the liability balances of each significant type of exit cost and involuntary employee termination benefits, (b) material revisions to exit plans, exit costs, or the timing of the plan's execution, including the nature and reasons for the revisions, (c) costs incurred in connection with an exit plan but not specifically contemplated in the original estimate of the liability (i.e. costs not specifically a component of the original liability) should be charged to operating expense in the period incurred (or the period that the exit cost or involuntary termination benefit qualifies for accrual) with appropriate explanation, (d) the progress achieved during the year in implementing the restructuring plan, including qualitative and quantitative discussion of the extent to which the objectives of the major components of the restructuring plan have been accomplished, and (e) if actual savings anticipated by the exit plan are not achieved as expected, discuss that outcome, its reasons, and its likely effects on future operating results and liquidity. Description of the nature and amounts of all types of exit costs and other types of restructuring charges (such as involuntary employee terminations and related costs, changes in valuation of current assets such as inventory writedowns, long term asset disposals) that appear quantitatively or qualitatively material. Losses relating to asset impairments identified separately from charges based on estimates of future cash expenditures. Discussion of all material restructuring charges recognized during the current period. Discussions and/or presentations that focus solely on pre-restructuring charge amounts or that suggest or imply that pre-restructuring charge amounts are a more meaningful indicator of results of operations are inappropriate. Discussion includes 1) circumstances leading to the charge, 2) identification of the components that will result in future cash outlay or write-down of assets, 3) amount, timing, purpose and sources for future cash outlays, 4) expected timing and effects on future earnings and cash flow from exit plan quantified (including specific income statement line item impacted), and 5) significant future costs that could not be recognized currently. If management anticipates that future restructuring actions are likely to occur in a subsequent period and are likely to result in charges that could have a material effect on the results of operations or financial position of the company, include the discussions of these actions. Discussions also include the (1) costs of existing restructuring plans that could not be accrued under EITF 94-3, (2) costs of future restructuring plans, regardless of whether those costs will qualify for accrual under EITF 94-3, and (3) material exit or involuntary termination costs that affect a known trend, demand, commitment, event, or uncertainty to management, whether or not currently recognizable in the financial statements. This label includes a description of (a) the major actions comprising the exit plan, and (b) activities that will not be continued, including method of disposition, and anticipated date of completion, if the activities that will not be continued are significant to the enterprise's revenue or operating results, or the exit costs recognized at the commitment date are material Amount of the employee termination benefits accrued Amount of the employee terminated benefits charged to expense. The number of employees to be terminated when management decides to provide to involuntarily terminated employees in restructuring its business The amount of exit costs by type recognized as liabilities The description and amount of any adjustment (e.g. result of change in estimate) to the restructuring liability The number of employees actually terminated as a result of the restructuring plan to terminate employees from when management decided to provide to involuntarily terminated employees Disclosure when an entity decides to restructure a portion of its business. Several types of charges exist, including terminated employee benefits, in which disclosures may include: (a) the amount of the termination benefits accrued and charged to expense, (b) the number of employees to be terminated, (c) a description of the employee group(s) to be terminated, (d) the amount of actual termination benefits paid and charged against the liability, (e) the number of employees actually terminated, and (f) the amount of any adjustments to the liability. Other exit costs disclosures may include a description of the major actions comprising the exit plan, a description of the type and amount of exit costs recognized as liabilities, a description of the type and amount of exit costs paid and charged against the liability, the amount of any adjustment(s) to the liability, and the revenue and net operating income or losses from activities that will not be continued if separately identifiable operations. Description of the significant terms of a research and development arrangement accounted for as a contract to perform R&D for others (e.g. royalty agreements, purchase provisions, license agreements, funding commitments). Amount of research and development contract compensation earned Amount of research and development contract costs charged to expense. If the aggregate carrying amount of "reverse repurchase agreements" (assets purchased under agreements to resell) exceeds 10% of total assets, disclose: the company’s policy to taking possession of securities or other assets purchased and the nature of any provisions to ensure that the market value of the underlying assets remains sufficient to protect the company in the event of default by the counterparty. If the amount at risk under repurchase and reverse repurchase agreements exceeds 10% of stockholders' equity, disclose: (a) the name of each counterparty, (b) the amount at risk with each counterparty, and (c) the weighted average maturity of the repurchase and/or reverse repurchase agreements with each counterparty. Disclosures on repurchase agreements include (a) the policy for requiring collateral, (b) the carrying amount and classification of assets pledged as collateral, and (c) the fair value of the collateral, (d) the fair value of the portion of the collateral that the company has sold or repledged, , if the company has accepted collateral. Description of the principal categories of claims subject to compromise for companies that have filed petitions with the Bankruptcy Court and expect to reorganize as going concerns under Chapter 11. The amount of debt forgiveness for companies that have emerged from Chapter 11 under confirmed plans that adopt fresh start reporting. Amount of adjustments made to the historical amounts of individual assets and liabilities for companies that have emerged from Chapter 11 under confirmed plans that adopt fresh start reporting. This label often includes the following for companies that have filed petitions with the Bankruptcy Court and expect to reorganize: (a) prepetition liabilities, including claims that become known after a petition is filed, (b) principal categories of claims, (c) the extent to which reported interest expense differs from stated contractual interest, (d) details of operating cash receipts and payments resulting from the reorganization, and (e) the earnings per share calculation if it is probable that the plan will require the issuance of common stock or common stock equivalents. Disclosure may also include condensed combined financial statements of the entities in reorganization proceedings. For companies that have emerged from Chapter 11 under confirmed plans that adopt fresh start reporting, disclose: (a) adjustments to the historical amounts of individual assets and liabilities, (b) the amount of debt forgiveness, (c) the amount of prior retained earnings or deficit eliminated, and (d) any other significant matters relating to the reorganization value. For SEC registrants only. If a filing with the SEC contains separate financial statements for the registrant, certain investees, or subsidiaries, disclose the amounts in the related consolidated financial statements that are eliminated and not eliminated, including any intercompany profits or losses resulting from related parties and not eliminated. Description and amount due to related parties. Description and amount due from related parties. For significant related party transactions disclose: the nature of the relationship(s), a description of the transactions, the amount of the transactions, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and if this control affects the operating results or financial position, disclose the nature of the control relationship even though there are no transactions between the entities. For each income statement presented, the amount of revenue recognized in earnings. For each income statement presented, the amounts of unearned revenue and refund obligations as of the beginning of each period. Reconciliation of Weighted Average Shares Outstanding Description of the facts and circumstances of the sale of receivable agreements. Amount of gross accounts receivable. The face amount and effective interest rate of receivables with discounts or premiums. Amount of allowance for doubtful accounts. Detail description of receivables and its components. Disclosures for a quasi reorganization often includes: (a) the date of the quasi reorganization, (b) the manner of reporting the tax benefits and the fact that it differs from present accounting requirements for other companies, and (c) the effect of those tax benefits on income from continuing operations, income before extraordinary items, net income and related per share amounts. If a value at risk analysis is provided for a particular category of market risk exposure, disclose: (a) the potential loss in future earnings, fair values, or cash flows of market risk sensitive instruments (risk instruments) over a selected period of time, with a selected likelihood of occurrence, from changes in interest rates, foreign currency exchange rates, commodity prices, and other relevant market rates or prices, (b) the average, high, and low value at risk amounts for the reporting period, (c) for each category for which year-end value at risk amounts are disclosed, provide one of the following: average value at risk amounts, high and low value at risk amounts, distribution of value at risk amounts, average of actual changes in fair values, earnings, or cash flows from the risk instruments, the high and low amounts of actual changes in fair values, earnings, or cash flows from the risk instruments, the distribution of actual changes in fair values, earnings, or cash flows from the risk instruments, the percentage of times the actual changes in fair values, earnings, or cash flows from risk instruments exceeded the year-end value at risk, and the number of times the actual changes exceeded the year-end value at risk, (d) the confidence interval used and (e) a description of the model and method used to prepare the value at risk disclosures. If a tabular presentation is provided for a particular category of market risk exposure, disclose (a) the fair values of the market risk sensitive instruments and contract terms in a manner sufficient to determine future cash flows from those instruments, (b) information about contract terms to allow a reader of the table to determine expected cash flows from market risk sensitive instruments for each of the next five years and an aggregate amount thereafter, (c) within each risk exposure category, group the material market risk sensitive instruments based on common characteristics, and (d) any related assumptions necessary to understand the disclosures in the table. If a sensitivity analysis is provided for a particular category of market risk exposure, disclose: (a) the potential loss in future earnings, fair values, or cash flows of market risk sensitive instruments resulting from one or more selected hypothetical changes in interest rates, foreign currency exchange rates, commodity prices, and other relevant market rates or prices over a selected period of time, (b) the average, high, and low sensitivity analysis amounts for the reporting period, and (c) a description of the model used to prepare the sensitivity analysis (e.g. assumptions, parameters). Discussion about market sensitive instruments (discuss separately instruments that are trading and other than trading) including: (a) quantitative information, using one of the three disclosure alternatives, for interest rate risk, foreign currency exchange rate risk, commodity price risk, and other market risks, (b) the material limitations that cause the information disclosed not to reflect fully the net market risk exposures, including a summary of omitted market risk data, (c) summarized market risk information for the preceding fiscal year, including the reasons for material quantitative changes in market risk exposures between the current and preceding fiscal years, and (d) if the registrant changed disclosure alternatives or key model characteristics, assumptions, or parameters used in providing quantitative information about market risk and the effects of those changes are material, in addition to providing disclosure for the current year under the new method, discuss the reasons for the change and either summarized comparable information under the new disclosure method, or summarized comparable information for the current and preceding fiscal year methods. Discussion of qualitative information about market sensitive instruments include: (a) the registrant's primary risk exposures, (b) how the registrant's primary risk exposures are managed, including the objectives, general strategies, and instruments used to manage those exposures, (c) the particular markets that present the primary risk of loss to the registrant for each category, and (d) changes in either the primary market risk exposures or how those exposures are managed, when compared to what was in effect during the most recently completed fiscal year and what is known or expected to be in effect in future reporting periods. Each disclosure should be made by risk category (e.g. interest rate, foreign currency and commodity price). If a market risk is immaterial, include discussion of that fact and explain why the risk was considered immaterial if it is not intuitively obvious. Descriptive information about market risk exposures. Financial instruments to be evaluated and discussed include derivative financial instruments, derivative commodity instruments and other non-derivative financial instruments within the trading and non-trading portfolios. Market risk includes interest rate, foreign currency exchange rate, and commodity prices. The gross amount of other property, plant and equipment. The gross amount of machinery and equipment recorded under property, plant and equipment. The gross amount of land improvements recorded under property, plant and equipment. The gross amount of land recorded under property, plant and equipment. The gross amount of furniture and fixtures recorded under property, plant and equipment. Amount of total depreciation expense for property, plant and equipment. The gross amount of construction in progress recorded under property, plant and equipment. The gross amount of computer software recorded under property, plant and equipment. The gross amount of buildings recorded under property, plant and equipment. Amount of total accumulated depreciation for property, plant and equipment. U.S. GAAP disclosures of depreciable assets (e.g. land, land improvements, building, equipment, furniture and fixtures, computer equipment, etc.). Depreciable Assets often include the depreciation expense for the period, balances of major classes of depreciable assets at the balance sheet date, the basis of determining the amounts shown in the balance sheet, accumulated depreciation and the method(s) used in computing depreciation with respect to major classes of depreciable assets. For computer software, include information on computer software to be sold, leased, or otherwise marketed. If a company has capitalized computer software costs, include (a) unamortized computer software costs and (b) the total amount charged to expense in each income statement presented for amortization of capitalized computer software costs and for amounts written down to net realizable value. Disclosure often includes the resulting effects (both gross and net of applicable tax) on net income of all prior periods presented, and on retained earnings at the beginning of the earliest period presented. If financial statements for a single year only are presented, indicate the effect on retained earnings at the beginning of the year and on net income of the immediately preceding year. (SEC registrants) Disclosure often includes of their accounting policy for pre-production design and development costs, and the aggregate amount of the following: (a) assets recognized for agreements that provide for contractual reimbursement of pre-production design and development costs, (b) assets recognized for molds, dies, and other tools that the supplier owns, and (c) assets recognized for molds, dies, and other tools that the supplier does not own. If an obligation for postemployment benefits is not accrued because it cannot be reasonably estimated, disclose that fact. Percentage of the weighted-average rate of compensation increase Percentage of the weighted-average expected long-term rate of return on plan assets. Percentage of the weighted-average assumed discount rate Settlements/curtailments of defined benefit pension plans and termination benefits The reconciliation of the projected benefit obligations for pension plans from beginning to end of fiscal year The reconciliation of fair value of pension plan assets from beginning to end of fiscal year Amount of the projected benefit obligation. Description and detail amounts of all aspects of the pension plan. Description of the postretirement benefit plans, including: (1) net periodic benefit recognized as expense, (2) reconciliation of accumulated postretirement benefit obligations, (3) reconciliation of fair value of postretirement plan assets, (4) amount of unrecognized actuarial gain, (5) amount of unrecognized transition obligation, and (6) the unrecognized prior service cost. Information about pensions and other postretirement benefit. Disclosure requirements for defined benefit plans are divided into three sections: public entity disclosures, non-public entity disclosures, and disclosures applicable to all entities.Public entity disclosures for defined benefit pension and postretirement benefit plans often include: 1) a reconciliation of beginning and ending balances of the benefit obligation for all balance sheets presented, 2) the effects on benefit obligation during the period attributable to certain elements (e.g. service and interest costs, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, and benefits paid, 3) a reconciliation of beginning and ending balances of the fair value of plan assets for all balance sheets presented,4) the effects on pension assets during the period attributable to certain elements (e.g. actual return on plan assets, foreign currency exchange rates change, contributions by employer and participants, and benefits paid), 5) net periodic benefit cost recognized as expense by components (e.g. service and interest costs, expected return of plan assets, amortization of unrecognized transition obligation or asset, recognized gain or loss, prior service cost, gain or loss due to settlement or curtailment), 6) the funded status of the plan, 7) amounts recognized and not recognized (e.g. prior service cost, gain or loss) in the balance sheet, and 8) the effect of a one-percentage-point increase and decrease in the assumed health care cost trend rate(s). Nonpublic entity disclosures for defined benefit pension and postretirement benefit plans often includes: the benefit obligation, the fair value of plan assets, the funded status of the plan, employer contributions, participant contributions, benefits paid, net periodic benefit expense and the amounts recognized in the balance sheet (e.g. net pension asset or other postretirement benefit prepaid assets or accrued liabilities, intangible asset recognized (pension plans only), and the amount of accumulated other comprehensive income recognized (pension plans only) and effect of significant nonroutine events, such as amendments, combinations, divestitures, curtailments, and settlements. Disclosures applicable to all entities for benefit pension and postretirement benefit plans include: 1) other comprehensive income from a change in the minimum pension liability recognized, 2) the weighted-average assumed discount rate, the weighted-average rate of compensation increase, and the weighted-average expected long-term rate of return on plan assets, 3) the assumed health care cost trend rate(s) for the next year used to measure the expected cost of benefits and its pattern of change, and 4) the amounts and types of securities of the employer and related parties included in plan assets, For Defined Contribution Plans, disclosures include: the nature and effect of significant matters affecting comparability of information for all periods and the amount of cost recognized as expense during the period. For Multiemployer Plans, additional disclosures include: if it is either probably or reasonably possible that 1) an employer would withdraw from a multiemployer plan resulting in an obligation, and 2) an employer's contribution to a multiemployer plan would be increased to maintain a level of benefit coverage (OPEB only). Amount of net periodic benefit cost recognized as expense, detailing the following items: (a) the service cost component, (b) the interest cost component, (c) the expected return on plan assets for the period, (d) the amortization of the unrecognized transition obligation or transition asset, (e) the amount of recognized gains and losses, (f) the amount of prior service cost recognized, and (g) the amount of gain or loss recognized due to a settlement or curtailment. Amount of the funded status of the plan. Amount of the fair value of plan assets. Percentage of the weighted-average rate of compensation increase Percentage of the weighted-average expected long-term rate of return on plan assets. Percentage of the weighted-average assumed discount rate The amount of unrecognized transition obligation in postretirement plans benefit obligation The amount of unrecognized prior service cost in postretirement plans benefit obligation The amount of unrecognized actuarial gain in postretirement plans benefit obligation The reconciliation of fair value of postretirement plan assets from the beginning to end of fiscal year The reconciliation of benefit obligations for postretirement plans from the beginning to end of fiscal year The amount of net periodic benefit recognized as expense for postretirement plans. The impact of a one percent increase of the health care cost trend rate on the retirement benefit obligation. The impact of a one percent decrease of the health care cost trend rate on the retirement benefit obligation. Percentage of the assumed health care cost trend rate for the next year used to measure the expected cost of benefits covered by the plan Accumulated benefit obligations for postretirement plans at end of fiscal year Listing of the significant accounts that make up other noncurrent liabilities, reconciled to the total amount on the face of the financial statements. Listing of the significant accounts that make up other noncurrent assets, reconciled to the total amount on the face of the financial statements. Description and summary of all other expenses. Listing of the significant accounts that make up other current liabilities, reconciled to the total amount on the face of the financial statements. Listing of the significant accounts that make up other current assets, reconciled to the total amount on the face of the financial statements Description of the impact of new tax legislation on liquidity, financial condition, and operations. Also, descriptions of uncertainties with respect to the realization of deferred tax assets. When realization based on expectations of future taxable income, material changes in the present relationship between income reported for financial and tax purposes, or tax-planning strategies (e.g., material asset sales, or other nonroutine transactions), a description of these assumed future events, quantified to the extent practicable, should be provided. Descriptions of deferred tax assets not dependent upon future events could be limited. Discussion of the three-year period covered by the financial statements using year-to-year comparisons. Small business issuers that had no revenues from operations in each of the last two fiscal years, or the last fiscal year and any interim period in the current fiscal year, should provide a plan of operation. Consider addressing items such as foreign currency transactions, changing fuel prices and interest rates, risks of exposures to highly leveraged entities, and financial reporting effects of employee pension and other post retirement plans caused by changes in the market value of plan assets, changes in liability discount rates, or conversions to cash balance plans. Notes and Management's Discussion and Analysis Notes to the financial statements. This includes sections such as Accounting Policies, Committments and other specific information that supports and provides additional insight into the financial detail of an entity. Non-recoverable payments. Listing of the significant components and amounts of nonoperating income and expense. The amount of gross operating revenue recognized as a result of nonmonetary transactions (i.e., provision of goods and services in exchange for equity instruments) Disclosure of nonmonetary transactions often includes: (a) a description of nonmonetary transactions, the basis of accounting for assets transferred, and gains or losses recognized on transfers, and (b) the amount of gross operating revenue recognized as a result of nonmonetary transactions. Non-cancellable contracts Discussion, to the extent necessary to understand the business as a whole, on the causes for material changes from year to year in line items of the consolidated financial statements. Quantify the respective contribution of two or more factors to such material changes. Discussion and analysis by management of topics such as description of the business, contingencies and discontinued operations. Identify each of the company's directors and executive officers, their principal occupation or employment, and their employer's name and principal business. The amount of write-downs charged against allowance for credit losses The amount of unused lines of credit for short-term financing. Amount of unsecured debt Summary of amounts and features of each long-term debt obligation. Amount of subordinated debt If a short-term obligation is classified as other than a current liability, disclose the reasons for the classification, including a statement as to management's intent to refinance the obligation on a long-term basis, a general description of the financing agreement and the terms of any new obligation or any equity securities to be issued as a result of a refinancing. This label includes the weighted-average interest rate on short-term borrowings outstanding as of the date of each balance sheet presented. Amount of secured debt The amount of recoveries of loans previously written off Amount of interest paid (net of amounts capitalized) (For SEC registrants) This label includes the amount of exposure at the date of each balance sheet presented, including a discussion of how the participation by other parties and other factors that may reduce exposure have been treated. Amount of guarantees of indebtedness of others (For SEC registrants) This label includes the amounts and bases of any provisions for losses charged to expense. Amount charged to expense for any provisions on the guaranteed indebtedness of others This includes the amount of guarantees, a general description of the types of obligations guaranteed, the amount of exposure, the amounts and bases of any provisions for losses, and the amount charged to expense for any provisions on the guaranteed indebtedness. The amount of payments for unconditional purchase obligations for each of the five years following the latest balance sheet presented for recorded obligations The aggregate amount of payments for recorded maturities and sinking fund requirements for each of the five years following the latest balance sheet presented The amount and terms of any unused commitment. The amount of recorded allowance for any estimated credit losses. The additional amount charged to operations for increase to the allowance for credit losses. US GAAP Disclosure of L.T. Obligations. This includes the following items: recorded obligations (e.g. long-term debt), unrecorded obligations (e.g. purchase obligations), and other long-term obligations (e.g. pledged assets, default of credit agreement/loan covenants). Recorded Obligations -- US GAAP disclosure often includes important features and provisions (e.g. interest rate, indication of priority, maturity date, basis of convertibility, indication of serial maturities, contingencies affecting payment of principle or interest) of long-term debt, the next five years of: 1) aggregate amount of payments for unconditional purchase obligations and 2) combined maturities and sinking fund requirements for all long-term borrowings. Unrecorded Obligations -- US GAAP Disclosure of specific characteristics (e.g. description and terms, the total amount of the fixed and determinable portion of the obligation(s), the nature of any variable components, and the amounts purchased under the obligation(s) for each income statement presented)of an unconditional, unrecorded obligation as well as the amount of imputed interest necessary to reduce the unconditional purchase obligation(s) to present value. Other Long-Term Obligations -- US GAAP Disclosure of other long-term obligations, such as assets mortgaged, pledged, or otherwise subject to lien, default credit agreements, circumstances of a callable obligation due to violation of loan covenants, and amounts and terms of unused commitments and lines of credit. When a default under a credit agreement has occurred and has not been fixed or waived, the nature, amount, and period for which the violation has occurred should be included. Relates to the impairment (e.g. potential uncollectibility) of a creditors’ receivables (e.g. accounts receivable, notes receivable). Disclosure often includes: 1) the total investment in the impaired loans at the end of each fiscal period, 2) the investment amount in the impaired loans for which there is a related allowance and the amount of the allowance, 3) the investment amount in the impaired loans for which there is no related allowance, 4) description of the accounting policy for the allowance for loan losses (for SEC), 5) the policy for recognizing interest income on impaired loans, including how cash receipts are recorded, 6) the average recorded investment in the impaired loans during the period, 7) the related amount of interest income recognized during the period that the loans were impaired, 8) the amount of interest income recognized using a cash-basis method of accounting during the period that the loans were impaired, and 9) the activity (additions and subtractions) of the impaired loans’ allowance. The potential impact of leveraged employee stock ownership plans on results of operations and on liquidity. Discussion of the nature and extent of involvement with high yield or highly leveraged transactions and non-investment grade loans and investments if such participation has had or is reasonably likely to have a significant effect on financial condition, liquidity or results of operations. Discussion of significant changes in earnings per share resulting from a change in the number of shares outstanding, such as a large purchase of treasury stock. Address the impact of such transactions on the balance sheet and income statement captions. Discussion of the cash outlays for income taxes that are expected to exceed income tax expense during the next three years. Discussion of liquidity, including (a) the identity of the balance sheet conditions or income or cash flow items that are indicators of the company's liquidity, (b) the company's ability to generate adequate cash flows on both a long-term and short-term basis, (c) known trends, demands, commitments, events, or uncertainties that have resulted or are resonably likely to result in material changes in liquidity, (d) plans to remedy any identified material deficiency in short or long term liquidity, or that a remedy has not been determined or cannot be addressed currently, (e) the identity and a description of internal and external sources of liquidity, (f) the impact of restrictions on subsidiaries to transfer funds to the parent in the form of cash dividends, loans, and advances, (g) any material effect on liquidity where the registrant has guaranteed the debt of another, or pledged assets or stock as security for another's debt, (h) material commitments for capital expenditures, their general purpose, and source of funds, and (i) trends in sources of capital, including any expected significant changes in the mix and cost of capital resources. Disclosure for Limited Liability Companies (LLCs) and Limited Liability Partnerships (LLPs) often includes: (a) a statement of changes in members' equity, (b) a description of any limitation of its members' liability, different classes of members' interests and the respective rights, preferences, and privileges, and the date the LLC or LLP will cease to exist, and (c) the assets and liabilities previously that were held by a predecessor entity or entities (for the year of formation). The amount of unguaranteed residual values for the net investment of a lessor For operating leases, the cost and carrying amount, if different, of property on lease or held for leasing by major classes of property according to nature or function. For operating leases, the total amount of accumulated depreciation for leased property. For operating leases, the net amount (cost less accumulated depreciation) of property on lease or held for leasing by major classes of property according to nature or function. Detail description of leveraged leases, including the net rentals receivable, investment credit to be realized, the estimated residual value of the asset, unearned and deferred income, deferred taxes, pretax income, tax effect of pretax income, and the investment credit recognized in income. Amount of future minimum rentals on noncancelable leases for each of the next five fiscal years and in the aggregate. Future minimum lease payments to be received for each of the five succeeding fiscal years as of the date of the latest balance sheet presented (for sales-type and direct financing leases). The amount of executory costs within minimum lease payments for the net investment of a lessor The accumulated allowance for uncollectible minimum lease payments receivable in sales-type and direct financing leases. Disclosures of leases of lessors include a general description of the leasing arrangements and the nature and extent of leasing transactions with related parties. For sales-type and direct financing leases, include the following: (a) the components of the net investments in sales-type and direct financing leases (aggregate future minimum lease payments to be received, unguaranteed residual values accruing to the lessor's benefit, unearned income, and initial direct costs), (b) the future minimum lease payments to be received for each of the next five fiscal years, and (c) the total contingent rentals included in income. For operating leases, disclose: (a) the cost and carrying amount of property on lease or held for leasing by major classes of property, including accumulated depreciation, and future minimum rentals in the aggregate and for each of the next five fiscal years on noncancelable leases, and (b) total contingent rentals included in income. Disclose the components of the net investment in leveraged leases (including rentals receivable, receivable related to investment tax credit, estimated residual value, unearned and deferred income, and related deferred taxes). Disclosures may also include pretax income and related tax affect from leveraged leases and the amount of investment tax credit recognized as income. The amount of rental expense for operating leases. The future minimum lease payments as of the date of the latest balance sheet presented, for each of the five succeeding fiscal years and in the aggregate. The future minimum lease payments for capital leases as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years. The gross amount of other property, plant and equipment classified under gross capital leased assets. The gross amount of machinery and equipment classified under gross capital leased assets. The gross amount of leasehold improvements classified under gross capital leased assets. The gross amount of all furniture and fixtures classified under gross capital leased assets. The gross amount of computer equipment classified under gross capital leased assets. The gross amount of buildings classified under gross capital leased assets. The total amount of accumulated amortization of assets recorded under capital leases. Include the gross amounts of buildings, machinery and equipment, furniture and fixtures, computer equipment, leasehold improvements and other property, plant and equipment used in capital leases and total accumulated amortization related to these capital assets. Amortization expense for assets recorded under capital leases. Leases in financial statements of lessees may be operating or capital leases. Includes a general description of the lessees leasing arrangements, and the nature and extent of leases with related parties. Disclose a description of the lessee's leasing arrangement, including the basis for determining contingent rentals, terms of renewal or purchase options and escalation clauses, restrictions imposed by lease agreements, obligations to refinancing of the lessor's debt, significant penalties, and terms of any significant guarantees (e.g. of residual value). For capital leases, disclosure often includes: 1) the gross amount of assets recorded under capital leases by major class and total accumulated depreciation, 2) liabilities related to assets recorded under capital leases, 3) future minimum lease payments for the next five fiscal years, 4) future minimum lease payments representing executory costs and imputed interest to reduce to present value), 5) contingent rentals incurred, 6) amortization of capital lease asset (unless noted it is included in depreciation expense), and 7) future minimum payments received under noncancelable subleases.For operating leases, disclose 1) rental expense, 2) future minimum lease payments for the next five fiscal years, and 3) future minimum payments received under noncancelable subleases. Accounting Policy Investment Tax Credits Description of investment securities include: (a) an explanation of any sales or transfers of held-to-maturity debt in circumstances other than those permitted by FAS 115, (b) the significance of the unrealized loss relative to net worth and regulatory capital requirements if market value of the held-to-maturity investment portfolio is less than its cost, (c) analyze and quantify the likely effects on current and future earnings and investment yields and on liquidity and capital resources of material unrealized losses in the investment portfolio, material sales of securities at gains and material shifts in average maturity, and (d) if the material proportion of the investment portfolio consists of securities that are not traded actively in a liquid market, disclose the proportion, describe the nature of the securities and the source of market value information, and discuss any material risks associated with the investment relative to earnings and liquidity. The gross unrealized holding gains and losses for the held to maturity security. Description of the type of security - held to maturity. The fair value amount of the held to maturity security. Disclose the amortized cost for the held to maturity security. Includes a description of the type of security, the fair value amount, gross unrealized holding gains and losses, and the amortized cost for held to maturity securities. This label often includes (1) gross unrecognized holding gains and gross unrecognized holding losses for securities classified as held-to-maturity, and (2) the amount of the net unrealized holding gain or loss on available-for-sale securities for the period that has been included in accumulated other comprehensive income and the amount of gains and losses reclassified out of accumulated other comprehensive income into earnings for the period. This label includes the following for available-for-sale securities: (1) the total gains for securities with net gains in accumulated other comprehensive income, and the total losses for securities with net losses in accumulated other comprehensive income equity securities, and (2) gross gains and losses in accumulated other comprehensive income for any derivatives that hedged the forecasted acquisition of the held-to-maturity securities. Example securities include debt securities issued by the U.S. Treasury and other U.S. government corporations and agencies, debt securities issued by states of the United States and political subdivisions of the states, debt securities issued by foreign governments, corporate debt securities, mortgage-backed securities, and other debt securities. The gross unrealized holding gains and losses for the available for sale security. Description of the type of securities that are available for sale The fair value amount of a specific security type that are available for sale The amortized cost for the available for sale security. Includes a description of the type of security, the fair value amount, gross unrealized holding gains and losses, and the amortized cost for available for sale securities. This label includes the aggregate fair value for available for sale securities disclosed by major security type, as of each date for which a statement of financial position is presented (available-for-sale and held-to-maturity). Example securities include equity securities, debt securities issued by the U.S. Treasury and other U.S. government corporations and agencies, debt securities issued by states of the United States and political subdivisions of the states, debt securities issued by foreign governments, corporate debt securities, mortgage-backed securities, and other debt securities. Disclosure of major security types (equity, debt issued by US government agencies, corporate, foreign governments). For securities classified as available-for-sale, disclosure often includes by each major security type the aggregate fair value and total gains or losses in other comprehensive income. For securities classified as held-to-maturity, the following is often included by each major security type: aggregate fair value, gross unrecognized holding gains and losses, net carrying amount, and gross gains and losses in accumulated other comprehensive income. For investments in debt securities disclose information about the contractual maturities and the fair value and net carrying amount of debt securities by the following time periods: within 1 year, 1-5 years, 5-10 years, and after 10 years. For each period results of operations are presented, the following is often disclosed: 1) the proceeds from sales of available-for-sale securities, 2) gross realized gains and losses, 3) the basis on which the cost of a security sold was determined, 4) gross gains and losses included in earnings from transfers of securities from the available-for-sale category into the trading category, 5) the amount of net unrealized holding gain or loss on available-for-sale securities in accumulated comprehensive income and amount reclassified out, 6) the portion of trading gains and losses in which trading securities are still held. For sales of or transfers from securities classified as held-to-maturity, the following is often included: net carrying amount of the security, net gain or loss in accumulated other comprehensive income that hedged forecasted acquisitions of these securities, realized or unrealized gain or loss at the date of sale or transfer, and the circumstances leading to the decision to sell or transfer the security. Amount of work in progress inventory Amount of supplies Amount of raw materials inventory Amount of other inventories Amount of obsolescence reserve, an allowance for unusable or obsolete inventory items For LIFO inventories, disclose the amount for determining the excess of replacement or current cost over stated LIFO value Listing of the amounts by the major classes of inventories. Amount of finished goods inventory US GAAP Disclosures of inventory include the basis of stating inventory, the method of determining inventory cost, if inventories are stated above cost, the accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower of cost or market. Also disclosed are the major classes of inventories (such as finished goods, inventoried costs relating to long-term contracts or programs, work in process, raw materials and supplies, LIFO valuation allowance). For LIFO inventory, disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value (for LIFO inventory), and the effect of a LIFO quantities liquidation that impacts net income. For companies that have not fully adopted LIFO, include the extent to which LIFO is used. For SEC registrants, if a LIFO company discloses FIFO-based supplemental income in a footnote, disclose: (a) that LIFO results in a better matching of cost and revenues, (b) why supplemental income disclosures are provided, and (c) important assumptions in its calculation (e.g. assumed tax rates). The amounts of selected financial data for the third quarter of the prior fiscal year, including: (1) net sales, (2) gross profit (or cost of sales), (3) income before extraordinary items and cumulative effect of a change in accounting principle, (4) per share amounts (basic and diluted) of income before extraordinary items and cumulative effect of a change in accounting principle, and (5) net income. The amounts of selected financial data for the second quarter of the prior fiscal year, including: (1) net sales, (2) gross profit (or cost of sales), (3) income before extraordinary items and cumulative effect of a change in accounting principle, (4) per share amounts (basic and diluted) of income before extraordinary items and cumulative effect of a change in accounting principle, and (5) net income. The amounts of selected financial data for the fourth quarter of the prior fiscal year, including: (1) net sales, (2) gross profit (or cost of sales), (3) income before extraordinary items and cumulative effect of a change in accounting principle, (4) per share amounts (basic and diluted) of income before extraordinary items and cumulative effect of a change in accounting principle, and (5) net income. The amounts of selected financial data for the first quarter of the prior fiscal year, including: (1) net sales, (2) gross profit (or cost of sales), (3) income before extraordinary items and cumulative effect of a change in accounting principle, (4) per share amounts (basic and diluted) of income before extraordinary items and cumulative effect of a change in accounting principle, and (5) net income. Interim financial data for the prior year. The amounts of selected financial data for the third quarter of the fiscal year, including: (1) net sales, (2) gross profit (or cost of sales), (3) income before extraordinary items and cumulative effect of a change in accounting principle, (4) per share amounts (basic and diluted) of income before extraordinary items and cumulative effect of a change in accounting principle, and (5) net income. The amounts of selected financial data for the second quarter of the fiscal year, including: (1) net sales, (2) gross profit (or cost of sales), (3) income before extraordinary items and cumulative effect of a change in accounting principle, (4) per share amounts (basic and diluted) of income before extraordinary items and cumulative effect of a change in accounting principle, and (5) net income. The amounts of selected financial data for the fourth quarter of the fiscal year, including: (1) net sales, (2) gross profit (or cost of sales), (3) income before extraordinary items and cumulative effect of a change in accounting principle, (4) per share amounts (basic and diluted) of income before extraordinary items and cumulative effect of a change in accounting principle, and (5) net income. The amounts of selected financial data for the first quarter of the fiscal year, including: (1) net sales, (2) gross profit (or cost of sales), (3) income before extraordinary items and cumulative effect of a change in accounting principle, (4) per share amounts (basic and diluted) of income before extraordinary items and cumulative effect of a change in accounting principle, and (5) net income. Interim financial data for the current year. If a publicly traded company does not issue a separate fourth quarter report or disclose the results for that quarter in its annual report, disclose for the fourth quarter: disposals of a component of an entity, extraordinary items, unusual or infrequently occurring items, aggregate effect of year-end adjustments that are material to the results of the fourth quarter, and accounting changes (including restatement) of financial information. For SEC registrants, disclose summarized quarterly operating data for the most recent two years and any subsequent interim period for which financial statements are included or required (e.g. net sales, gross profit, income before extraordinary items and cumulative effect of a change in principle, per share amounts, net income, effect of disposals of a component of an entity, extraordinary and unusual or infrequently occurring items, aggregate effect and nature of year end adjustments that are material to quarterly results, and if data are presented on other than a calendar quarter basis). The total carrying amount for intangible assets not subject to amortization. The carrying amount by each major intangible asset class for intangible assets not subject to amortization. The gross amount of trademarks intangible assets The total amortization expense for the period for intangible assets subject to amortization The accumulated amortization in total for intangible assets subject to amortization The gross amount of patent intangible assets The gross amount of other intangible assets The gross amount of the noncomplete agreements- intangible assets The gross amount of the license intangible assets The gross carrying amount in total for intangible assets subject to amortization The gross carrying amount by major intangible asset class for intangible assets subject to amortization The gross amount of the goodwill intangible assets The estimated total amortization expense for each of the five succeeding fiscal years for intangible assets subject to amortization The gross amount of the franchise rights intangible assets The gross amount of customer relationship intangible assets The gross amount of customer lists intangible assets The gross amount of any copyright intangible assets The amount of the impairment loss for each goodwill The amount of the impairment loss related to an intangible asset (excluding goodwill) The aggregate amount of goodwill acquired. The accumulated amortization by major intangible asset class for intangible assets subject to amortization In the period of adoption, and until all periods presented are accounted for in accordance with FAS 142, disclose: (1) income before extraordinary items, net income and earnings per share for all periods presented adjusted to a) exclude amortization expense recognized in those periods related to intangible assets (e.g. goodwill) that are no longer being amortized, b) reflect changes in amortization periods as required. and (2) reconciliation of reported net income to the adjusted net income. For intangible assets acquired either individually or with a group of assets that do not constitute a business, disclose in total and by major intangible asset class the amount assigned, the amount of any significant residual value, and the weighted-average amortization period for amortizable intangible assets, (b) for intangible assets not subject to amortization, the amount assigned and (c) the amount of research and development assets acquired and written off in the period. Disclosures for intangible assets include: (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) the total carrying amount and the carrying amount for each major intangible asset class not subject to amortization, and (c) the changes in the carrying amount of goodwill (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain or loss on disposal of a reporting unit). For each impairment loss recognized related to an intangible asset, disclose: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported under FAS 131. For each goodwill impairment loss recognized, disclose: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons therefore. If the liability recorded for insurance assessments has been discounted, disclose: (a) the undiscounted amounts of the liability, (b) any related asset for premium tax offsets or policy surcharges, and (c) the discount rate used. If the liability recorded for insurance assessments has not been discounted, disclose: (a) the amount of the liability, (b) any related asset for premium tax offsets or policy surcharges, (c) the periods over which the assessments are expected to be paid, and (d) the period over which the recorded premium tax offsets or policy surcharges are expected to be realized. Total valuation allowance recognized for deferred tax assets. Disclosure of temporary differences and carryforwards that give rise to significant portions of a deferred tax liability or asset with the approximate tax effect (for public companies). (For SEC) For companies conducting business in a foreign jurisdiction which attracts industry by granting a "holiday" from income taxes for a specified period, disclose the total dollar and per share effects of the tax holiday, and the factual circumstances including the date on which the special tax status will terminate. The amount of state deferred tax expense (benefit). The amount of state current tax expense (benefit). The amount of any other deferred tax expense (benefit). The amount of any other current tax expense (benefit). Description of the operating losses and tax credit carryforwards for tax purposes. The amount of net change in the tax valuation allowance. Disclosures include the method(s) of accounting for investment credit, the amounts of investment credit used in determining income tax expense, and amounts of unused investment credit. The reconciliation of the income tax expense attributed to continuing operations to the amount of income tax expense that would result if the domestic federal statutory tax rates is applied to income from continuing operations. Total amount of income taxes paid. Amount of government grants received The amount of foreign deferred tax expense (benefit). The amount of foreign current tax expense (benefit). The amount of federal deferred tax expense (benefit). The amount of federal current tax expense (benefit). The expiration dates of operating losses and tax credit carryforwards for tax purposes. Disclose the effective income tax rate reconciliation for the reconciliation of statutory rates to effective rates. Total of all deferred tax liabilities recognized in the balance sheet. Deferred tax expense (benefit) of income tax expense attributable to continuing operations. Total of all deferred tax assets recognized in the balance sheet. Current tax expense (benefit) of income tax expense attributable to continuing operations. The amount of operating losses and tax credit carryforwards for tax purposes. Income taxes’ components usually include tax accruals, net deferred tax liability or asset, valuation allowance, and income tax expense. For net deferred tax liability or assets recognized in the balance sheet, disclosures include: the total of all deferred tax liabilities, the total of all deferred tax assets, and the total valuation allowance recognized for deferred tax assets. Other disclosures often include 1) the valuation allowance net change for the year, 2) the amount of income tax expense or benefit allocated to continuing operations, discontinued operations, extraordinary items, the cumulative effect of accounting changes, prior period adjustments, gains and losses included in comprehensive income but excluded from net income, and capital transactions for each year for which those items are presented, 3) the components of income tax expense attributable to continuing operations (e.g. current tax expense or benefit, deferred tax expense, benefits of operating loss carryfoward, investment tax credits), 4) types of temporary differences that resulted in deferred tax asset or liability, 5) reconciliation of income tax expense between continuing operations and domestic federal statutory tax rates (public companies only. Private companies only disclose significant reconciling items), 6) expiration dates of loss and tax credit carryforwards and 7) for SEC only, federal, foreign and other income taxes should be stated separately for each major component (current and deferred). For an entity that is part of a group that files a consolidated tax return, disclose the method by which the consolidated amount of current and deferred tax expense is allocated to members of the group and the nature and effect of any changes in that method. Whenever a deferred tax liability is not recognized disclose: (a) a description of the types and amount of temporary differences for which a deferred tax liability has not been recognized and the types of events that would cause those temporary differences to become taxable, (b) the amount of the unrecognized deferred tax liability for temporary differences related to investments in foreign subsidiaries and foreign corporate joint ventures, and (c) the amount of the unrecognized deferred tax liability for temporary differences other than foreign investments. For public enterprises not subject to income taxes disclose that fact and the net difference between the tax bases and the reported amounts of the enterprise's assets and liabilities. For an entity that is part of a group that files a consolidated tax return, disclose the method by which the consolidated amount of current and deferred tax expense is allocated to members of the group and the nature and effect of any changes in that method. Descriptions relating to impairment and goodwill include: (1) material benefit from suspending depreciation and any other material favorable or temporary effects associated with the assets held for disposal, (2) implications of the assumptions used in the development of company-determined estimates of cash flow projections used for assessing and measuring impairment, (3) the nature, circumstances and basis for a material charge for impairment of goodwill (or indefinite intangibles) or uncertainties that may affect the future carrying amount of goodwill, (4) significant uncertainties that exist regarding the recoverability of the carrying amounts of long-lived, amortizable tangible and intangible assets (and, hence, that there is a reasonably possible future impairment charge) and (5) narrative and quantitative information about the intangibles that are important to their business. The amount of loss resulting from the impairment of assets to be disposed of Loss recognized as a result of the initial and subsequent write-down of long-lived asset's (disposal group's) carrying amount to fair value (less cost to sell). Amount of the impairment loss on long lived assets Gain (Loss) recognized as a result of the sale of a long-lived asset (disposal group). A description of the impaired assets to be disposed of, including the business segment affected The carrying amount of impaired assets to be disposed of. Impairment or disposal of long lived assets are categorized by whether the assets are to be held and used or to be disposed of. For long lived assets to be held and used, disclosures often include a description of the impaired long-lived asset and facts and circumstances leading to the impairment, amount of the impairment loss and where located in the income statement, method(s) for determining fair value, and the segment in which the impaired long-lived asset is reported. For a long-lived asset classified as held and used as of and after the balance sheet date, the following is often included: a description of the circumstances leading to the expected disposal, the expected manner and timing of that disposal, and the carrying amount(s) of the major classes of assets and liabilities related to the disposal. For long lived assets and disposal groups to be disposed of, disclosures often include a description of the circumstances leading to the expected disposal, the expected manner and timing of that disposal, carrying amount(s) of the major classes of assets and liabilities included as part of a disposal group, gain and loss recognized (as a result of write-down of long-lived asset's carrying amount to fair value, subsequent increase in fair value, and sale of a long-lived asset), the caption in the income statement that includes the gain or loss, and the segment in which the long-lived asset is reported. If a company decides not to sell a long-lived asset previously classified as held for sale, and the asset is reclassified as held and used, include the facts and circumstances leading to the decision, and its effect on the results of operations. When material, discussion on the impact of inflation on net sales and revenues and income from continuing operations. The determination of the materiality of inflation should consider the cumulative impact from the date assets were acquired or liabilities incurred. Also include discussion of increasing prices for oil and gas which may significantly affect costs in current or future periods. Illegal Acts If a going concern issue exists (audit report is modified), disclose: (a) pertinent conditions and events giving rise to the assessment of substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time, (b) the possible effects of such conditions and events, (c) management's evaluation of the significance of those conditions and events and any mitigating factors, (d) possible discontinuance of operations, (e) management's plans (including relevant prospective financial information), and (f) information about the recoverability or classification of recorded asset amounts or the amounts or classification of liabilities. If management’s plan alleviate the substantial doubt of going concern, disclose the principal conditions and events that initially led to a belief that substantial doubt about the entity's ability to continue as a going concern existed. With regard to foreign operations, the SEC encourages discussion of the functional currencies used to measure significant foreign operations or the degree of exposure to exchange rate risks. Discussions include: (a) the historical and reasonably likely future effects of changes in currency exchange rates on revenues, costs, and business practices and plans, (b) foreign operations, in a disaggregated manner, that are domiciled in a highly inflationary environment, (c) operating cash flows if they are not available for legal or economic reasons to meet the company's other short-term cash requirements, (d) trends and amounts reported in the financial statements to the extent that they are attributable to changes in the value of the reporting currency relative to the functional currency of the underlying operations, (e) material unhedged monetary assets, liabilities or commitments denominated in currencies other than the operation's functional currency and strategies for management of currency risk, (f) with a change in functional currency, the nature, timing and actual and reasonably likely effects of the change, and the economic facts and circumstances that led management to conclude that the change was appropriate, (g) governmental, economic, fiscal, monetary or political policies that do or could significantly affect a company's operations or investments in U.S. nationals, and (h) for foreign private issuers, focus on primary financial statements, including reconciliations to U.S. GAAP. The aggregate exchange gain or loss included in determining net income for the period. Disclosures for foreign operations and currency translations often include: (a) foreign earnings reported beyond the amounts received in the United States, (b) a significant rate change that has occurred after the balance sheet date and the effect on the financial statements, and (c) the total exchange gain or loss. Discussion of fees paid to auditors. Description of the nature, amount and effect on financial condition or results of operations from material federal financial assistance (e.g. put agreements related to assets purchased from a troubled institution). For each extraordinary item, disclose: (a) a description of the extraordinary event or transaction, (b) the amount (reduced by applicable income taxes with disclosure of taxes), (c) the significant items affecting the determination of the gain or loss, and (d) any adjustments made to a prior period extraordinary item. The current period income tax effect for an extinguishment of debt The gain (loss) per share of the net tax effect of an extinguishment of debt When a gain or loss from the extinguishment of debt is classified as an extraordinary item, describe the transaction and disclose the income tax effect and the per share amount of the aggregate gain or loss, net of the related income tax . If debt is considered to be extinguished prior to FAS 125 and is still outstanding, disclose a description of the transaction and the amount of debt that is considered extinguished. For assets that are set aside solely for satisfying scheduled payments of a specific obligation, provide a description of the nature of the restrictions. For planned extinguishment of debt (SEC), disclose the likely effects of any planned early extinguishment of long-term debt. Discussion on the significant exposure for asbestos treatment costs. For defined contribution plans, the amount of cost recognized as expense during the period. When investments (e.g. unconsolidated subsidiaries) are accounted for using the equity method, disclose a summary of assets, liabilities, and results of operations of the investees either individually or in groups Disclosures of equity investments in common stock often include: (a) the name of each investee and percentage of ownership, (b) accounting policies for investments in common stock, (c) difference between the amount at which the investment is carried and the amount of underlying equity in net assets and the accounting treatment of the difference, (d) the total market value of each identified investment for which a market value is available, (e) summarized information as to assets, liabilities, and results of operations of the investees (for investments in unconsolidated subsidiaries, common stock of joint ventures, or other investments using the equity method), and (f) material effects of possible conversions, exercises, or contingent issuances of the investee. Other common disclosures include (a) the names of any investee in which the investor owns 20% or more of the voting stock and investment is not accounted for using the equity method, and the reasons why not, and (b) the names of any investee in which the investor owns less than 20% of the voting stock and the investment is accounted for using the equity method, and the reasons why it is. For SEC, if any of the significant subsidiary tests are met, for entities accounted for using the equity method, disclose: (a) current and noncurrent assets and liabilities, and redeemable stock and minority interest, and (b) net sales or gross revenue, gross profit, income or loss from continuing operations before extraordinary items and cumulative effect of an accounting change, and net income or loss. If an environmental liability qualifies for discounting, disclose the undiscounted amounts of the liability and any related recovery. Description of the nature and amount of the remediation accrual The total costs accrued to date with respect to site restoration costs or other environmental exit costs that may occur on the sale, disposal, or abandonment of property. The total anticipated costs with respect to site restoration costs or other environmental exit costs that may occur on the sale, disposal, or abandonment of property. The range or amount or reasonably possible additional losses with respect to site restoration costs or other environmental exit costs that may occur on the sale, disposal, or abandonment of property. Description of the nature of costs involved with respect to site restoration costs or other environmental exit costs that may occur on the sale, disposal, or abandonment of property. If an environmental liability qualifies for discounting, disclose expected payments for each of the five years and the aggregate amount thereafter If an environmental liability qualifies for discounting, disclose the discounted rate used. Disclosures of environmental liabilities often include: 1) if it qualifies for discounting, disclose (a) the undiscounted amounts of the liability and any related recovery, (b) the discount rate used, (c) expected payments for the next five years and the aggregate amount thereafter (for SEC only), and (d) a reconciliation of the expected aggregate undiscounted amounts to amounts recognized in the balance sheets and explanation of material changes, 2) whether the accrual for environmental remediation liabilities was measured on a discounted basis, 3) for recorded accruals of loss contingencies and assets for third-party recoveries related to remediation obligations, disclose the nature and amount of the accruals, 4) the nature of reasonably possible loss contingencies and an indication that it is at least reasonably possible that a change in the estimate will occur in the near term. For SEC registrants, for site restoration costs or other environmental exit costs that may occur on the sale, disposal, or abandonment of property, disclose: (a) nature of the costs involved, (b) the total anticipated cost, (c) the total costs accrued to date, (d) the balance sheet classification of accrued amounts, and (e) the range or amount or reasonably possible additional losses. If an asset held for sale or development will require remediation prior to development, sale, or as a condition of sale, disclose how the necessary expenditures are considered in an assessment of the asset's recoverability (SEC only). Include if the entity may be liable for remediation of environmental damage relating to assets or businesses previously disposed (SEC only). Description of the existence and nature of any employer repurchase obligation including the fair value of allocated shares at the balance sheet date that are subject to a repurchase obligation. The amount of compensation cost recognized during the period. Disclosures of the Employee Stock Ownership Plan (ESOP) often include: (1) a description of (a) employee groups covered, (b) the basis for determining contributions, (c) the basis for releasing shares and how dividends on allocated and unallocated shares are used, and (d) a description of the accounting policies followed for ESOP transactions (e.g. the method of measuring compensation) (e) matters affecting comparability of information, (2) the compensation cost recognized, (3) the number of allocated, committed-to-be-released, and suspense shares, (4) the fair value of unearned ESOP shares, and (5) any employer repurchase obligation (SEC only for shares acquired by ESOP before January 1, 1993) Disclosure often includes the actual interest incurred on ESOP debt, the amount contributed to the ESOP, and the amount of dividends on ESOP shares used for debt service by the ESOP. Description of the Company's policy to account for employee benefit plans. Whenever significant amounts of equity instruments have been issued to or received from business partners, discuss the effects of these non-cash transactions on the results of operations, why they are used, and what effect their use has on the comparability of the results of operations in the periods. Earnings Before Interest and Taxes Management's discussion of dividends. Disclose the face amount and effective interest rate of payables with discounts or premiums. The amounts of revenue reported in discontinued operations. The amounts of pretax profit or loss reported in discontinued operations. Discussion includes (1) known trends, events, and uncertainties involving discontinued operations that may materially affect the company's liquidity, financial condition, and results of operations, (2) the effects on future results and liquidity of material contingent liabilities, such as product, environmental or litigation liabilities that may remain with the company after disposal of the underlying business, (3) the impact of changes in the plan of disposal or changes in circumstances related to the plan, and (4) any material effect on results of operations, liquidity, capital resources and known trends, commitments or contingencies as a result of the decisions to discontinue and subsequently retain a business. The gain or loss recognized as a result of initial and subsequent write-down of a component's carrying amount to fair value (less cost to sell). The gain or loss recognized as a result of the sale of a business component A description of the effect on the results of discontinued operations if subsequently retained. The carrying amount of the major classes of assets and liabilities included as part of held for sale component of the business If an entity has discontinued all or a portion of its operations, disclosures often include: (a) a description leading to the expected disposal, (b) the expected manner and timing of that disposal, (c) the carrying amount(s) of the major classes of assets and liabilities included as part of a component, (d) the gain or loss recognized as a result of initial and subsequent write-down and increases of a component's carrying amount to fair value, and the sale of the component, (e) the caption in the income statement or the statement of activities that includes that gain or loss, (f) amounts of revenue and pretax profit or loss reported in discontinued operations, and (g) the segment in which a component is reported. If a company decides not to dispose a component previously classified as held for sale, include a description leading to the decision to change the plan its effect on the results of operations. Other disclosures are often made to further detail significant matters (e.g. SEC entities may identify 1) any contingent liabilities related to a discounted operation and any reasonably likely range of possible loss, and 2) the amount and accounting policy with regard to allocation of interest to discontinued operations. For development stage companies disclose a description of the nature of the development stage activities in which the company is engaged, and in the first fiscal year in which the company is no longer considered a development stage company that in prior years it had been in the development stage. A description that indicates the general nature and scope of the business conducted, including complex business arrangements, research and development projects, by the entity and its subsidiaries during the most recent fiscal year. The amount of other gains (losses) recognized for fair value hedges. Amount of other gains (losses) recognized for cash flow hedges. The amount of net loss reclassified into earnings when cash flow hedge is discontinued. The net loss recognized in earnings during the reporting period due to the fair value hedges' ineffectiveness. The net loss recognized in earnings during the reporting period due to the cash flow hedges' ineffectiveness. The amount of net loss recognized in earnings when a hedged firm commitment no longer qualifies as a fair value hedge. The amount of net gain reclassified into earnings when cash flow hedge is discontinued. The net gain recognized in earnings during the reporting period representing due to fair value hedges' ineffectiveness. The net gain recognized in earnings during the reporting period due to the cash flow hedges' ineffectiveness. The amount of net gain recognized in earnings when a hedged firm commitment no longer qualifies as a fair value hedge. Description of where the net gain or loss is reported in the statement of income or other statement of financial performance. Amount of gains (losses) recognized for foreign investment hedges. For changes during the period in the cumulative translation adjustments, disclose: (a) beginning and ending amounts of cumulative translation adjustments, (b) the aggregate adjustment for the period resulting from translation adjustments and gains and losses from certain hedges and intercompany balances, (c) the amount of income taxes for the period allocated to translation adjustments, and (d) the amounts transferred from cumulative translation adjustments to income. Description of the type and fair value of each derivative and hedge. Type of the derivative or hedging instrument This label includes the fair value of financial instruments and related carrying amount for which it is practicable to estimate that value. These disclosures should be presented together with the related carrying amount and clearly identify whether the fair value and carrying amount represent assets or liabilities and how the carrying amounts relate to what is reported in the statement of financial position. This label includes the method(s) and significant assumptions used to estimate the fair value of financial instruments. For each derivative and hedging financial instruments (e.g. fair value hedging, cash flow hedging, and foreign currency hedging), disclosures often includes: 1) the objectives and strategies for holding or issuing derivative instruments, 2) risk management policy for each type of hedge, 3) for derivative instruments not designated as hedging instruments, state their purpose. For fair value and cash flow hedges, disclose 1) net gain or loss recognized that represents a) hedge ineffectiveness and b) component gain or loss, 2) how and where its recorded in financial statements, 3) (for SEC) how and where amount of hedge ineffectiveness is reports 4) net gain or loss recognized when derivative no longer qualifies as a fair value hedge or discontinues as a cash flow hedge. Additional cash flow hedge disclosures include: 1) description of event that results in reclassification into earnings of gains and losses from accumulated comprehensive income 2) estimated reclassifications for next 12 months and 3) maximum length of time the entity is hedging its exposure to the variability in future cash flows of future transactions. For foreign currency hedging, disclose the net gain or loss included in cumulative translation adjustment during the reporting period. An entity also often discloses the beginning and ending accumulated derivative gain or loss, related net change associated with the current period hedging transactions, and the net amount of any reclassification into earnings. The fair value carrying amount of the derivative or hedging instrument Description of the required disclosures regarding derivative financial instruments, other financial instruments, certain derivative commodity instruments and the related exposures to market risk. Accounting policy for depreciation method. A detail listing of the components of deferred revenue. Description of the deferred compensation plan, which allows employees to defer their annual compensation into a trust. The amount of contributions to multiemployer plans. Contract accounting relates to long-term construction contracts. Disclosure of contract accounting often includes methods used to 1) account for long term construction contracts (e.g. percentage of completion or completed-contract method) and 2) determine earned and cost of revenue. When percentage of completion method is used, disclose the method to measure the progress toward completion. For completed contract method, disclose the specific criteria used to determine when a contract is substantially completed. Other disclosures include: (1) the circumstances in which a contractor using the percentage-of-completion method uses the completed-contract method, or vice versa, to account for certain contracts, (2) any claims in excess of the agreed contract price, (3) any advances offset against cost-type contract receivables. For inventories related to long-term contracts disclose: (a) the principal assumptions used to determine amounts removed from inventory if the estimated average cost per unit method is used, and (b) the total amount of general and administrative costs incurred and the actual (or estimated) amount remaining in inventory if general and administrative costs have been charged to inventory. Also disclose: (a) the total costs (current or deferred) that exceed the total estimated cost of all in-process and delivered units, as well as that portion of such amount that would not be absorbed in cost of sales based on existing firm orders, (b) the amount of deferred costs by type of cost (e.g., initial tooling and deferred production), (c) the total amount representing uncertain claims concerning their determination or ultimate realization and a description of the nature and status of the principal items, and (d) the amount of progress payments netted against inventory. Description of contingent rebates outstanding Description of contingent product warranties outstanding Include the nature of the possible loss contingency as well as an estimate of the possible loss or range of loss. Discussion of estimates and related information is required when certain criteria are met. Discussions include the impact of potential environmental liabilities (quantified to the extent reasonably practicable), the historical and anticipated environmental expenditures, and, for significant product liability, the nature of personal injury or property damages alleged by claimants, total settlement costs by type of claim and other administrative and litigating costs. Description of any guarantees (direct or indirect) of indebtedness of others. Description of the nature of any gain contingencies. For unrecorded obligations, the amount of the fixed and determinable portion of the obligation for each of the five succeeding fiscal years Description of the nature of potential tax assessments Description of the nature of the insurance litigation. Description of the nature of governmental investigations Description of the nature of the environmental litigation. Descriptions of contingent litigations, such as environmental, insurance, potential tax assessments, and governmental investigations. Disclose the nature of the contingency if it is not accrued or additional exposure exists and it is reasonable possibility that a loss may incurred. Disclose an estimate of the possible loss or range of loss if a contingency is not accrued or additional exposure exists and it is reasonable possibility that a loss may incurred. For unrecorded obligations, the aggregate amount of the fixed and determinable portion of the obligation as of the date of the latest balance sheet presented. The nature of an accrual for a loss contingency and, in some circumstances, the amount accrued may be necessary for the financial statements not to be misleading. Disclosure of contingencies often includes 1) the nature of the contingency accrual, 2) an estimate of the possible loss or range of loss if a contingent loss is not accrued or exposure to loss exists in excess of the amount accrued, 3) description and amount of loss contingencies relating to guarantees (written and oral) (e.g. guarantee of debt, standby letters of credit, repurchase receivable agreement) made for outside partiesand the value of any recovery that could be expected, 4) contingencies that might result in gains , 5) amount and terms of unused letters of credit, and 6) material commitments (for e.g. acquisitions, property, plant and equipment). For SEC, disclosure often also includes 1) the judgments and assumptions used in the recognition and measurement of accrued contingent liabilities, and 2) whether the company has recorded any revenue that is at risk due to future performance contingencies, the nature of the contracts, and the amount of any such revenue recorded. Condensed statement of cash flow information of parent company only. Condensed income statement information of parent company only. Condensed balance sheet information of parent company only. Condensed financial information of parent company only. Description and amount of loss of the failure of concentrations of credit risk. If significant concentration of credit risk exists, disclosures often include: 1) information about the concentration’s activity, region or economic characteristics, 2) maximum amount of loss due to credit risk if concentration failed, 3) policy of requiring collateral or other security to support the financial instruments subject to credit risk, 4) a description and the company’s access to the collateral, and 5) policy of entering into master netting arrangements to mitigate the credit risk, including a description and terms of the arrangement. For financial instruments (excluding investments (e.g. securities)), disclose the fair value of financial instruments and related carrying amount, and the method(s) and significant assumptions used to estimate the fair value. Also, if it is not practicable to estimate the fair value of a financial instrument, state why. Description of the type of geographic concentration. Description of the type and amount at risk of geographic concentration. Amount of revenue from a specific customer. Description of the activity, region, or economic characteristic that identifies the concentration. Amount at risk from the geographic concentration Discusses the company's policies for capitalizing the development costs of software Type of other comprehensive income (e.g. foreign currency translation adjustment, unrealized gains/loss, adjustment of minimum pension liability) Ending accumulated balances for each type in accumulated other comprehensive income Ending accumulated balances for each item in accumulated other comprehensive income may be disclosed. This label may include the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. If an employer has a liability for compensated absences earned but does not accrue it because the amount cannot be reasonably estimated, that fact should be disclosed. Description of any sales agreements the entity has committed to. Description of any purchase agreements the entity has committed to. Description of any commitments to acquire property Description of any significant commitments the company has entered into, such as purchase agreements and sales agreements, for the acquisition of investments, property, plant and equipment, or an obligation to reduce debt or restrict dividends. If, because of reclassifications or other reasons, changes have occurred in the manner of or the basis for presenting corresponding items in comparative financial statements, the changes should be explained. If it is impracticable to reclassify prior-period financial statements, as called for by certain consensuses of accounting pronouncements, disclosure should be made of the reasons why reclassification was not made and the effect of the reclassification on the current period. Discussion on the effect of changes in 1) pension and OPEB actuarial assumptions (e.g. discount and health care cost trend rates) on the registrant's future results of operations and financial condition and 2) other changes to pensions plans, such as conversion from a defined benefit to a cash balance pension plan, if it is reasonably likely to have a material impact on the company's liquidity, capital resources or results of operations. Also include discussion of dramatic changes in the market values of assets held by pension plans that could have a material impact on a company's pension expense and cash flows. If, in connection with a change in accountants during the past two fiscal years or since year-end, (1) there was any disagreement with the former accountant, that would have caused the former accountant to make reference to the subject matter of the disagreement in his report or any reportable event; (2) there has been any transaction or event similar to those that involved such disagreement or reportable event; and (3) such transactions or events were material and were accounted for or disclosed in a manner different from that which the former accountant apparently would have concluded was required, disclose the existence and nature of the disagreement or reportable event, and the effect on the financial statements if the method had been followed that the former accountants apparently would have concluded was required. Discussion of the expected impact on financial information to be reported in the future from changes in accounting estimates that have not been fully recognized in the statement of operations, if material (e.g., a change in the pension or OPEB discount rate). Disclose cash that is pledged or subject to withdrawal restrictions. The details of the restrictions may be described. If compensating balance arrangements exist, but do not legally restrict cash amounts, disclose the terms of the arrangements and the amounts involved and the amount of compensating balances and the terms of the underlying agreements maintained to assure future credit availability. If interest cost has been capitalized during the period, disclose the total amount of interest capitalized. Discussions of business combinations include: (1) whether the acquisition of a business resulted in new segments, (2) existence of unrecognized preacquisition contingency and its reasonably likely effects on future operating results, liquidity, and financial conditions, (3) any material effect on results of operations, liquidity, and capital resources and known trends, commitments, or contingencies, (4) the status of any preliminary merger negotiations for a business acquisition or disposition of a business and potential effect on the entity, (5) if significant amounts of in-process research and development (R&D) have been purchased, include descriptions of each significant in-process R&D project, whether the in-process technology had no alternative future use and didn't qualify for capitalization, the nature, timing and estimated costs to complete the projects, the risks and uncertainties associated with completing the project, and a description of the appraisal method and assumptions used to determine the value of each in-process R&D project, (6) the status to complete each project and the impact of any delays on the expected return on investment, results of operations and financial condition, and (7) for material exit or involuntary employee termination costs related to an acquired business, when the entity began formulating exit plans, the types and amounts of liabilities recognized, and any unresolved contingencies or purchase price allocation issues. The pro forma results of operations for the immediately preceding comparable prior period as though the business combination or combinations had been completed at the beginning of that period if comparative financial statements are presented. The pro forma results of operations for the current period as though the business combination or combinations had been completed at the beginning of the period The number of shares that were issued or are issuable for the acquisition of a company Description of the accounting methods followed in determining the basis used by the acquiring entity to value its interest in the acquired entity and the rationale. The total amount of goodwill created from the acquisition of a company The cost to acquire the company A condensed balance sheet disclosing the amount assigned to each major asset and liability caption of the acquired company at the acquisition date. The amount of assigned in total to intangible assets that are not amortized The amount of liabilities assumed in the purchase price in the acquisition of a company. The value assigned to the shares issued for the purchase of a company. The amount of assigned in total to intangible assets that are amortizable Amount of adjustments to the purchase price. Description of the name and nature of the acquired company Description of assets held for sale that was purchased during the acquisition of a company Disclosure applicable when a company acquires or combines with another company. Example disclosures include: 1) name and description of acquired company, 2) reasons of acquisitions, including factors contributing to purchase price that results in goodwill, 3) period for which results of operations of acquired company are included in the income statement, 4) cost of the acquired company, 5) number of shares of equity interest issued or issuable and amounts assigned thereto, 6) contingent payments, options, or commitments and their proposed accounting treatment, 7) purchased R&D assets and amount written off, 8) material adjustments in subsequent periods, 9) (for SEC) nature of any contingencies that might affect the ultimate allocation of the purchase price, 10) (for SEC) the information that it has arranged to obtain before the allocation can be finalized, and 11) (for SEC) the terms of the contingent consideration and the potential impact on future earnings.For acquired intangible assets, disclose amount assigned by major class, including goodwill. For those to be amortized, disclose the weighted average amortization period. Also disclose the pro forma results of operations for the current period and the period immediately preceding as though combined at beginning of period, and (pro forma not required for nonpublic companies). If any of the purchase price is allocated to net assets held for sale that were identified at the acquisition date and are expected to be sold within one year of the acquisition date, disclose: (a) a description of the operations held for sale, (b) a description of the method used to assign amounts to the assets held for sale, (c) the expected disposal date, (d) the method used to account for the assets held for sale, (e) the amount of profit or loss of the operation during the period that is excluded from the consolidated income statement together with a schedule reconciling that amount to the earnings received or losses funded by the parent that have been accounted for as an adjustment to the carrying amount of the assets, and (f) the gain or loss on the ultimate disposition of the assets that has been accounted for as an adjustment of the original purchase price allocation. Ifa decision not to sell a line of business or a portion is made, disclose: (a) the reason not to sell, and (b) an explanation of the adjustment to the carrying amount of the operations held for sale that will be allocated to the current fair values of its identifiable assets and liabilities. For those companies that receive an opinion on their financial statements containing an explanatory paragraph about the entity's ability to continue in existence, include a detailed discussion of anticipated cash flow covering the twelve-month period following the date of the financial statements. When supplemental measures (e.g. EBITDA) are disclosed, include (a) the company's reasons for including supplemental measures of performance and how those measures are calculated, (b) the operating cash flows, and (c) explanation of the extent to which "funds" depicted by the supplemental measure are not available for management's discretionary use (e.g. legal requirement to conserve funds). Explanations for 1) the period-to-period changes in estimates for specific elements of the allowance for loan losses and the extent to which actual experience has differed from original estimates, 2) the reason for changes in management's estimates indicating what evidence management relied upon to determine that the revised estimates were more appropriate and how those revised estimates were determined. (Financial institutions explain how the changes in asset quality have affected the allowance and provision.), and 3) the effects and justification of any changes in methodology. If historical loss experience appears low or high relative to the level of the allowance. Aggregate amount of warrants and rights outstanding Barter Advertising Transactions Amount of advertising expense for each period presented Advertising costs disclosure often include the accounting policy selected from the two alternatives allowed (i.e., expense advertising costs as incurred or expense advertising costs upon first showing), for advertising expenditures that are not direct-response advertising. Disclose the total advertising expense for each period an income statement is presented, the total amount of advertising costs reported as assets in each balance sheet presented, and a separate disclosure of any write-downs of advertising costs to net realizable value. For companies reporting direct-response advertising as an asset, disclosure includes a description of the asset, the accounting policy being followed, and the period such costs are being amortized. Additional Factors that may affect future results. Description of the acquisitions by companies of their own stock, which may materially impact trends in earnings per share, and if financed by incurring debt, may affect companies' liquidity, financial condition, and current and future operations due to increased borrowing costs. Listing of the significant components and amounts of accounts payable and accrued expenses. Description of management's use of estimates in the financial statements. Description of the stock based compensation accounting method. Description of accounting policies related to the statement of cash flows. The classification of shipping and handling costs in the income statement. If these costs are not included in cost of sales, a company may disclose both the amounts of such costs and the line items on the income statement that include them. Descriptions of revenue recognition policies. This may include: a description of revenue recognition policies even if no alternative methods exist, the policy for each type of sales transactions as well as how each type is valued, the policy when equipment is sold on an installed basis, changes in estimated sales returns, and the policy for arrangements that contain a performance-based incentive fee. The Research and Development Costs disclosures often includes the amount of R&D costs charged to expense, and, for obligations under contracts to perform R&D for others, the terms of significant R&D arrangements (e.g. royalty arrangements, purchase provisions, license agreements, and commitments to provide additional funding) and the amounts of compensation earned and costs incurred under such contracts. Description of the amount of costs incurred and expensed for research and development. Policy for repair and maintenance costs incurred. (For SEC registrants) This label often includes (a) the amounts of the unearned revenue and refund obligations, (b) the amount of cash received from customers, (c) the amount of revenue recognized in earnings, (d) the amount of refunds paid, (e) Other adjustments, (f) the ending balance of unearned revenue and refund obligations. Disclose a company's accounting policy with respect to refundable fees received for services. Description of any reclassification of accounts that occurred between any fiscal years reported. Disclosure for companies to discuss a recently issued accounting standard not yet adopted. This often includes a brief description of the new standard, dates of adoption, methods of adoption, and the impact that adoption of the standard is expected to have. Disclose the consolidation policy being followed. This label often includes the SEC registrants' disclosure of their accounting policy for pre-production design and development costs, and the aggregate amount of the following: (a) assets recognized pursuant to agreements that provide for contractual reimbursement of pre-production design and development costs, (b) assets recognized for molds, dies, and other tools that the supplier owns, and (c) assets recognized for molds, dies, and other tools that the supplier does not own. Amount of amortization expense recognized for intangible assets Amount of accumulated amortization for other intangible assets (excluding goodwill) Description of the business, major products and services, principal markets, locations and industries and whether the company is a subsidiary of a parent entity. Description of the marketable securities' policies. Description of the inventory policies, including the basis of stating inventory and the method of determining inventory cost (e.g. lower of cost or market) Description of entity's income tax policy. Description of intangible assets (e.g. goodwill, computer software to be sold or leased) and related accounting policies, such as the method of amortization. For changes during the period in the cumulative translation adjustments, disclose: (a) beginning and ending amounts of cumulative translation adjustments, (b) the aggregate adjustment for the period resulting from translation adjustments and gains and losses from certain hedges and intercompany balances, (c) the amount of income taxes for the period allocated to translation adjustments, and (d) the amounts transferred from cumulative translation adjustments to income. Description of the foreign currency translation accounting policies. Policies for the accounting of financial instruments (e.g. derivatives, other hedges). Description of the entity's accounting policies for environmental cost A company is economically dependent on one or more parties with which it transacts a significant volume of business. Earnings per share disclosures for public companies transactions that occur after the end of the reporting that would have materially changed the number of common shares or potential common shares outstanding if the transaction had occurred before the end of the reporting period. Description of the accounting policy for determining earnings per share Description of the accounting policy for deferred income taxes Policy for determining which costs (e.g. contract acquisition and origination costs) are subject to capitalization. Description of any concentration of credit risk and related accounting policies Description of a change in an accounting principle, which may include: (1) the nature and reason for a change and 2) the effect on income before extraordinary items, net income, and related per share amounts. Disclose the accounting policy for determining which short-term, highly liquid investments are treated as cash equivalents. An explanation of the practice followed for the classification of current assets and liabilities if a company's normal operating cycle is longer than one year and the balance sheet is classified. Policy for determining the allowance for loan losses, specifically describing how they determine the amount of each element of the allowance. This may also include the policy for recognizing interest income on impaired loans, including how cash receipts are recorded. Description of the advertising policies including the policy of expensing advertising costs. A description of all significant accounting policies. Include an accounting policy when there is a selection from multiple acceptable alternatives, when there are principles and methods specific to the entity's industry, and unusual accounting principles or methods. Examples include basis of consolidation; depreciation methods; method of amortizing and assessing recoverability of intangibles, method of measuring impairment and inventory pricing. Discussion of the expected impact on financial information to be reported in the future due to impending accounting changes.