3.	Recent Accounting Pronouncements

In June and December 2011, the Financial Accounting Standards Board ("FASB") issued revised accounting guidance on the presentation of comprehensive income. Under this guidance, 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 guidance eliminates the option to present the components of other comprehensive income as a part of the statement of changes in stockholders' equity. The guidance is effective for fiscal years beginning after December 15, 2011, and it must be applied retrospectively. The Company adopted the guidance for the three months ended March 31, 2012, with retrospective application to the three months ended March 31, 2011 by presenting the Condensed Consolidated Statements of Comprehensive Earnings. The adoption of the guidance did not have a material effect on the Company's results of operations, financial position or cash flows.

In September 2011, the FASB issued a revised standard changing the guidance for the testing of goodwill for impairment. The revised standard provides the option to first assess qualitative factors to determine whether performing the two-step goodwill impairment test is necessary. If it is believed, as a result of the qualitative assessment, that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then the two-step quantitative impairment test will be required. Otherwise, no further testing will be required. Entities can choose to perform the qualitative assessment on none, some, or all of its reporting units. The revised standard is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. The Company adopted the guidance during the three months ended March 31, 2012, and the adoption of the guidance did not have a material effect on the Company's results of operations, financial position or cash flows.

In May 2011, the FASB issued guidance that was subsequently revised to result in consistent fair value measurement and disclosure requirements in GAAP and International Financial Reporting Standards ("IFRS"). Included in the revised guidance are amendments that clarify the intent of the FASB related to existing requirements. Also included in the revised guidance are certain amendments that change existing principles or requirements. The FASB's intent about the application of the highest and best use and valuation premise concepts is clarified to specify that those concepts are only relevant when measuring the fair value of nonfinancial assets. Amendments were also made to clarify requirements relating to measuring the fair value of an instrument classified in shareholders' equity, as well as to clarify requirements for reporting quantitative information about the unobservable inputs used for Level 3 fair value measurements. Changes effected by the revised guidance are related to the topics of measuring the fair value of financial instruments that are managed within a portfolio and to the application of premiums and discounts in fair value measurement. The amended guidance also expands disclosure requirements related to several fair value measurement topics. The guidance is effective for interim and annual periods beginning on or after December 15, 2011. The Company adopted the guidance during the three months ended March 31, 2012, and the adoption of the guidance did not have a material effect on the Company's results of operations, financial position or cash flows.