New Accounting Pronouncements

6 Months Ended

Jun. 30, 2012

New Accounting Pronouncements [Abstract]

New Accounting Pronouncements

(11) New Accounting Pronouncements

Accounting Standards Update (“ASU”) 2011-08 amended existing guidance by giving an entity the option to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount.ASU 2011-08 became effective on January 1, 2012 and was applicable to us in our second quarter 2012.The adoption of ASU 2011-08 did not have a significant impact on the Company’s consolidated financial position or results of operations.