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1. Significant Events and Transactions (Policies)
3 Months Ended
Mar. 31, 2015
Significant Events And Transactions Policies  
Recent Accounting Pronouncements

 

There have been no recent accounting pronouncements or changes in accounting pronouncements that impacted the three month periods ended March 31, 2015 and 2014, or which are expected to impact future periods, which were not previously disclosed in prior periods.

In May 2014, the FASB issued guidance on revenue recognition, which provides for a single, principles-based model for revenue recognition and replaces the existing revenue recognition guidance. The guidance is effective for annual and interim periods beginning on or after December 15, 2016, and will replace most existing revenue recognition guidance under U.S. GAAP when it becomes effective. It permits the use of either a retrospective or cumulative effect transition method and early adoption is not permitted. The Company is in the process of evaluating the effect this standard will have, if any, on its condensed consolidated financial statements and related disclosures.