Recently Issued Accounting Pronouncements

9 Months Ended

Jun. 30, 2011

Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements

(14)      Recently Issued Accounting Pronouncements

In May 2011, the Financial Accounting Standards Board ("FASB") issued updated accounting guidance to improve comparability in fair value measurement and disclosure between U.S. generally accepted accounting principles ("GAAP") and International Financial Reporting Standards. The standards update includes changes to the wording used to describe many of the requirements in GAAP for measuring fair value and changes to the disclosure of information about fair value measurements. This guidance is effective for the Company in the second quarter of fiscal 2012. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.

In June 2011, the FASB issued new guidance on the presentation of comprehensive income. The guidance, which is intended to increase the prominence of other comprehensive income in financial statements, eliminates the current option to report other comprehensive income and its components in the statement of changes in equity and instead requires presentation in one continuous statement or two separate but consecutive statements. This guidance, which must be applied retrospectively, is effective for the Company in the first quarter of fiscal 2013. The new guidance impacts only the format of financial statement presentation and, therefore upon adoption, will not have a material impact on the Company's consolidated financial statements.