New Accounting Guidance Recently Adopted - Comprehensive Income

9 Months Ended

Sep. 30, 2012

New Accounting Guidance Recently Adopted - Comprehensive Income

New Accounting Guidance Recently Adopted - Comprehensive Income

Note 11.  New Accounting Guidance Recently Adopted — Comprehensive Income

Effective January 1, 2012 the Company adopted Accounting Standards Update, or ASU, No. 2011-05, Comprehensive Income (Topic 220).  This newly issued accounting standard requires the Company to report comprehensive income either in a single continuous statement or in two separate but consecutive financial statements. The adoption of this standard did impact the presentation of other comprehensive income, as we have elected to present two separate but consecutive statements, but did not have an impact on our financial position or results of operations.