Recent Accounting Pronouncements

6 Months Ended

Jun. 30, 2011

3.	Recent Accounting Pronouncements

In June 2011, the Financial Accounting Standards Board ("FASB") issued revised accounting guidance for the presentation of comprehensive income. Under the amendments in this update, an entity has the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. The amended guidance eliminates the option to present the components of other comprehensive income as a part of the statement of changes in stockholders' equity. The amended guidance is effective for fiscal years beginning after December 15, 2011, and it must be applied retrospectively. The adoption of the amended guidance in future periods will not materially impact the Company's results of operations, financial position or cash flows.