New Accounting Standards |
3 Months Ended |
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Mar. 31, 2019 | |
Accounting Changes And Error Corrections [Abstract] | |
New Accounting Standards |
3. New Accounting Standards In February 2016, the FASB issued ASU 2016-02 “Leases (Topic 842).” The new standard requires lessees to recognize lease assets (right of use) and lease obligations (lease liability) for leases previously classified as operating leases under generally accepted accounting principles on the balance sheet for leases with terms in excess of 12 months. The standard is effective for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. Please see Note 9, “Leases”, for a discussion of the impact related to the adoption of this standard. |