XBRL provides benefits for financial reporting and SEC compliance. It streamlines reporting processes and allows for data sharing and analysis. National Health Investors implemented XBRL filing through Rivet Software's Crossfire platform. This automated their reporting, simplified creation of financial documents, and solved their SEC compliance needs in a single solution. It also uncovered additional uses for property and portfolio analysis that improved transparency and decision making. In the future, XBRL may further enhance compliance monitoring and performance benchmarking for the organization.

1. How to Leverage XBRL for
Reporting and SEC Compliance
Nancy Stockton
Training Coordinator – Professional Services
Rivet Software
Joined by
Joe Wakham
Financial Reporting Manager
National Health Investors, Inc.

2. What is XBRL?
• XBRL is a business reporting computer language that is standards-
based and the data interactive.
• What this means to the business community is transparency of the
financial information in the United States and the world over.
• All financial information becomes comparable.
• The SEC mandated all public companies file their quarterly and
yearly financial reports in XBRL, with the first wave of filers
beginning in the summer of 2009.

4. History of XBRL - www.xbrl.org

5. SEC Mandate
3 Year Phase in Schedule
 Domestic and foreign Large Accelerated filers with a worldwide
public float above $5 billion that use US GAAP, starting with the
financial 10-Q, Form 20-F or Form 40-F containing financial
statements for a fiscal period ending on or after June 15, 2009
 Approximately 485 companies
 All other domestic and foreign large accelerated filers using US GAAP
 Approximately 1500 companies
 All remaining filers, including smaller reporting companies, and all
foreign private issuers that prepare their financial statements in
accordance with IFRS
2009
Wave
1
2010
Wave
2
2011
Wave
3

6. CANADA
• Voluntary XBRL filing program currently in effect, but most companies are waiting for
IFRS.
UNITED STATES
• The SEC’s Mandate
• The FDIC currently collects call reports in XBRL
CAYMAN ISLANDS
• In June 2008, the Cayman Islands Monetary Authority (CIMA) released the first
comprehensive assessment of the offshore hedge funds industry available-made
possible by a new XBRL-based electronic reporting platform
SOUTH AMERICA
• The central banks are the main drivers of XBRL development through Latin America.
• Bolivia is taking a government wide approach.
• Chile’s capital markets are actively exploring XBRL.
XBRL IN THE AMERICAS

7. UNITED KINGDOM
• Thousands of companies already report in XBRL, which will be mandatory in 2011.
• Tax authority (HMRC) implementing XBRL filing service, which will be mandatory in 2011.
BELGIUM
• Since January 2008, XBRL has been mandatory for all filings of annual accounts to the
National Bank of Belgium.
FRANCE
• The Bank of France has already adopted XBRL for regulating the banking sector.
• The French GAAP taxonomy is currently under construction
ITALY
• Still in pilot project stages, Italy is moving rapidly with legislative support.
• About 900 annual and consolidated accounts began filing last year with chambers of
commerce in Italy.
XBRL IN EUROPE

8. JAPAN
• Recently mandated XBRL reporting for approximately 5,000 public companies and 3,000
investment funds
• Since 2006, Bank of Japan has used a voluntary XBRL reporting program for financial service
institutions.
SOUTH KOREA
• As of 2007, all publicly held companies file financial statements using XBRL on the electronic
filing system of the Korea Financial Supervisory Commission.
CHINA
• In 2004, China became the first country in the world to formally adopt XBRL reporting for its
equity markets.
• China XBRL expects to see extended use of XBRL for mutual fund reporting, and IPO
approvals
XBRL IN ASIA

9. INDIA
• Both the Bombay Stock Exchange and the National Stock Exchange currently accept
voluntary XBRL documents and are moving toward mandates with the support of the
Securities and Exchange Board of India.
• The Reserve Bank of India has included XBRL in its strategy plan for 2010
• May 2008 it awarded a contract to a local vendor to start its implementation of a full-fledged
XBRL filing solution.
SINGAPORE
• The Accounting and Corporate Regulatory Authority of Singapore requires some 50,000
companies to file their financial statements in XBRL.
XBRL IN ASIA (continued)

10. Financial Reporting Needs and
Challenges
to SEC
XBRL
Regulatory
Mandates
of “Close to
Investor”
Reporting
Process
Too many
laborious
tasks
Under
to close
of financial
reporting

11. Healthcare REIT traded on NYSE with 120 properties in 23 states
Specialize in purchase/leaseback of healthcare properties to
operators
construction loans, 2nd mortgages and investments in the
securities of other REITs on a limited basis
$1.2 billion market cap
Lowest levered REIT in industry
9% Debt to Book Capitalization ratio
Quarterly dividend paid at an annualized rate of $2.42 per share
approx. 5.5% dividend yield

12. The Problems
NHI had several issues that slowed their processes.
1. Manual reporting process was cumbersome, time intensive and
potential for error was high.
2. Needed to comply with the SECs XBRL mandate.

13. 10-Q Creation Process Prior to
Crossfire Implementation
1. Print detailed Balance Sheet and Income Statement from GL
software
2. Roll forward Word 10-Q ‘template’ from previous quarter
3. Type each number in basic financials and notes
4. Chase rounding difference endlessly
5. Give up
6. Send to CAO for review

14. The Solution
• Determined we could solve both problems with one software
platform - Crossfire Financial Reporting Platform
– Built an interface to NHI’s General Ledger to pull data into
Crossfire
– Simplified the creation of Excel files used in creating their 10Q
– Built NHI’s XBRL filing package for submission to the SEC

15. 10-Q Creation Process after
Crossfire
1. Open Crossfire, change dates to current period & click ‘Refresh’
2. Roll forward Word 10-Q ‘template’ from previous quarter
3. Re-establish links between Word and Crossfire
4. Send to CAO for review

16. ‘Linked’ Balance Sheets in Rivet’s Crossfire
Entire page is linked from Crossfire to Word so that updates to Balance
Sheets in Crossfire are automatically reflected in Word document

17. ‘Linked’ Balance Sheets in Microsoft Word
Entire page is linked from Crossfire to Word so that updates to Balance
Sheets in Crossfire are automatically reflected in Word document

18. ‘Linked’ MD&A
‘Portfolio Detail’ Worksheet is Linked to GL by Crossfire
Summary Table in 10-Q or 10-K is Automatically Updated

19. ‘Linked’ MD&A
‘Portfolio Detail’ Worksheet is Linked to GL by Crossfire
Summary Table in 10-Q or 10-K is Automatically Updated

20. ‘Linked’ Balance Sheets in Rivet’s Crossfire
Entire page is linked from Crossfire to Word so that updates to Balance
Sheets in Crossfire are automatically reflected in Word document

21. Solution Process Uncovered
Numerous Opportunities
• The possibility of a simpler way to consolidate information and mine
the data for analysis and answering one-off questions from
management, investors, and other stakeholders.
• Ability for reporting benchmarking against industry peers.
• NHI collects varied financial information monthly from each
investment property and they realized that Crossfire could make this
information interactive, and therefore, more useful.

22. Solutions – Part 2
• Created a custom taxonomy in XBRL for property identification
• Utilized the US GAAP taxonomy in XBRL for account elements
• Tagged property data
• Created standard monthly reports
• Created one-off reports to answer various stakeholders questions

23. Unexpected Outcomes and Realizations
after implementing XBRL
• XBRL Tagging process forced NHI to reexamine some of their
Financial Statement captions.
• Block tagging stage was nothing like the difficulties NHI expected
(almost no weeping or gnashing of teeth).
• Realized that in-house solution is only long-term option for NHI due
to timing of board meetings, early filing deadlines and need for
flexibility in the last moments prior to filing.

24. Conclusion
What first seemed like an added burden to file quarterly
reports in XBRL ended up solving multiple problems and
streamlined numerous processes.

25. The Future
• XBRL has the potential to streamline NHI’s tenant/borrower
compliance
• Developing a compliance monitoring solution using segments and
element extensions
• Utilizing Crossfire to compare NHI data to other REIT data

26. NHI vs. Other REITs
Crossfire Comparison Analysis

27. - Past, Present and Future of XBRL to think about
- Shared some of the apprehension felt, but also
some of the excitement felt
- Humor?
- Take away: How did participants think they
would be effected by XBRL in the next year?

28. Thank you for attending!
The End
(for now)
Questions?