Impact Of Recently Issued Accounting Standards

9 Months Ended

Mar. 31, 2013

Impact Of Recently Issued Accounting Standards [Abstract]

Impact Of Recently Issued Accounting Standards

Note 2 –Impact of Recently Issued Accounting Standards

In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-02, "Comprehensive Income:Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income" (“ASU 13-02”) which adds new disclosure requirements for items reclassified out of accumulated other comprehensive income. ASU 13-02 effectively replaces the requirements previously outlined in ASU No. 2011-05, “Comprehensive Income: Presentation of Comprehensive Income”and ASU No. 2011-12,  “Comprehensive Income: Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05”. The requirements of ASU 13-02 are effective for fiscal years, and interim periods within those years, beginning after December 15, 2012, with early adoption permitted. As ASU 13-02 relates to disclosure requirements only, we do not expect the adoption of this guidance to have an impact on our financial position, results of operations or cash flows.