New Accounting Standards (Policies)

9 Months Ended

Sep. 30, 2011

New Accounting Standards [Abstract]

Intangibles - Goodwill and Other

New Accounting Standards to be Adopted in 2011

In September 2011, accounting guidance was issued that is included in Accounting Standards Codification (ASC) Topic 350, “Intangibles — Goodwill and Other”. This guidance amends the requirements for goodwill impairment testing. The Company has the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events or circumstances, the Company determines it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, then performing the two-step impairment test is unnecessary. The Company intends to adopt this new standard effective with its annual goodwill impairment testing date of November 30 for the year ending December 31, 2011.

Adoption of New Guidelines Within ASC Topic 820 And Its Impact

New Accounting Standards Not Yet Adopted

In May 2011, accounting guidance was issued that is included in ASC Topic 820, “Fair Value Measurement”. This guidance amends the requirements for measuring fair value and disclosing information about fair value measurements and is effective for the Company on January 1, 2012. Upon adoption, the Company does not expect this standard to have a material impact on its financial condition or results of operations.

Adoption of New Guidelines Within ASC Topic 220 And Its Impact

In June 2011, accounting guidance was issued that is included in ASC Topic 220, “Comprehensive Income”. This guidance eliminates the option to report other comprehensive income and its components in the statement of changes in equity. Companies can elect to present items of net income and other comprehensive income in one continuous statement or in two separate, but consecutive, statements. The Company is currently evaluating which option it will utilize to present items of net income and other comprehensive income. This presentation guidance is effective for the Company on January 1, 2012.