Accounting Pronouncements Not Yet Adopted

12 Months Ended

Dec. 31, 2014

Accounting Pronouncements Not Yet Adopted

Accounting Pronouncements Not Yet Adopted

3.     Accounting Pronouncements Not Yet Adopted

        In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, "Revenue from Contracts with Customers." ASU 2014-09 requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The standard also specifies the accounting for certain costs to obtain or fulfill a contract with a customer. ASU 2014-09 will supersede much of the existing revenue recognition guidance in accounting principles generally accepted in the United States and is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period, and early application is not permitted. ASU 2014-09 permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating which transition method to apply and the estimated impact the adoption of this ASU will have on our consolidated financial statements and related disclosures.