Recently Issued Accounting Standards

6 Months Ended

Jun. 30, 2016

Accounting Changes and Error Corrections [Abstract]

Recently Issued Accounting Standards

Recently Issued Accounting Standards

In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update No. 2016-02, "Leases" ("ASU 2016-02"), which will require lessees to recognize lease assets and lease liabilities on the balance sheet for leases classified as operating leases under previous guidance. Public entities are required to adopt ASU 2016-02 for reporting periods beginning after December 15, 2018. The Company is currently evaluating the impact of the new standard on its consolidated financial statements.