Accounting Changes and Recent Accounting Pronouncements

3 Months Ended

Jun. 30, 2011

New Accounting Pronouncements And Changes In Accounting Principles Abstract

Schedule Of New Accounting Pronouncements And Changes In Accounting Principles Text Block

2. Recent Accounting Pronouncements

In May 2011, the Financial Accounting Standards Board, or FASB, issued an amendment in order to align the fair value measurement and disclosure requirements in U.S. Generally Accepted Accounting Principles, or U.S.GAAP, and International Financial Reporting Standards, or IFRS. Consequently, the amendments change the wording used to describe many of the requirements in U.S.GAAP for measuring fair value and for disclosing information about fair value measurements. The amendments are effective for us in the quarter beginning on January 1, 2012. We are currently evaluating the impact that the adoption of the amendments will have on our condensed consolidated financial statements and disclosures.

In June 2011, FASB issued authoritative guidance on the presentation of comprehensive income. Under the 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 is effective for us for the fiscal year beginning on April 1, 2012. We are currently evaluating the impact that the adoption of the guidance will have on our condensed consolidated financial statements.