Recently Issued Accounting Pronouncements

3 Months Ended

Mar. 31, 2014

Recently Issued Accounting Pronouncements [Abstract]

Recently Issued Accounting Pronouncements

Note 15: Recently Issued Accounting Pronouncements

The U.S. Financial Accounting Standards Board issued Accounting Standards Update 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (ASU 2014-08) in April 2014.

This new standard:

• raises the threshold for disposals to qualify as discontinued operations,

• allows companies to have significant continuing involvement and continuing cash flows with the discontinued operation, and

• provides for new and additional disclosures of discontinued operations and individually material disposal transactions.

The Company anticipates adopting the new standard when it becomes effective in the first quarter of 2015.