1.0.0.3 false Recently Issued Financial Accounting Standards false 1 $ false false Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 USDEPS Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 2 Recently Issued Financial Accounting Standards [Abstract] 0 us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesAbstract us-gaap true na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false No definition available. false 3 Recently Issued Financial Accounting Standards 1 us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock us-gaap true na duration string No definition available. false false false false false false false false false 1 false false 0 0   <div style="margin-left: 0%"> <div style="margin-top: 12pt; font-size: 1pt">  </div> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #ffffff; text-align: left"> <tr> <td width="4%"></td> <td width="96%"></td> </tr> <tr valign="top"> <td> <b><font style="font-family: 'Times New Roman', Times">2.   </font></b> </td> <td> <b><font style="font-family: 'Times New Roman', Times">Recently Issued Financial Accounting Standards</font></b> </td> </tr> </table> <div style="margin-top: 6pt; font-size: 1pt">  </div> <div align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #ffffff"> In January 2010, the FASB issued Accounting Standards Update (“ASU”) <font style="white-space: nowrap">No. 2010-06,</font> <i>Fair value Measurements and Disclosures </i>(“ASU <font style="white-space: nowrap">2010-06”).</font> ASU <font style="white-space: nowrap">2010-06</font> provides amendments that clarify existing disclosures and require new disclosures related to fair value measurements, particularly to provide greater disaggregated information on each class of assets and liabilities and more robust disclosures on transfers between levels 1 and 2 and activity in level 3 fair value measurements. The new disclosures and clarifications of existing disclosures are effective for interim and annual reporting periods beginning after December 15, 2009, except for the disclosures about activity in level 3 fair value measurements. Those disclosures are effective for fiscal years beginning after December 15, 2010 and for interim periods within those fiscal years. The Company is currently evaluating the impact of adopting ASU <font style="white-space: nowrap">2010-06</font> on our fair value measurement disclosures. </div> <div style="margin-top: 6pt; font-size: 1pt">  </div> <div align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #ffffff"> In October 2009, the FASB issued ASU <font style="white-space: nowrap">No. 2009-14,</font> <i>Certain Revenue Arrangements That Include Software Elements </i>(“ASU <font style="white-space: nowrap">2009-14”).</font> ASU <font style="white-space: nowrap">2009-14</font> provides guidance for revenue arrangements that include both tangible products and software elements that are “essential to the functionality of the hardware.” ASU <font style="white-space: nowrap">2009-14</font> provides factors to help constituents determine what software elements are considered essential to the functionality of the tangible product. This guidance will now subject software-enabled products to other revenue guidance and disclosure requirements, such as guidance surrounding revenue arrangements with multiple-deliverables. ASU <font style="white-space: nowrap">2009-14</font> is effective for revenue arrangements entered into or materially modified in fiscal years beginning on or after June 15, 2010 and is not expected to have a significant impact on the Company’s consolidated results of operations, financial position and cash flows. </div> <div style="margin-top: 6pt; font-size: 1pt">  </div> <div align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #ffffff"> In October 2009, the FASB issued ASU <font style="white-space: nowrap">No. 2009-13,</font> <i>Multiple-Deliverable Revenue Arrangements </i>(“ASU <font style="white-space: nowrap">2009-13”).</font> ASU <font style="white-space: nowrap">2009-13</font> provides guidance on accounting and reporting for arrangements including multiple revenue-generating activities. ASU <font style="white-space: nowrap">2009-13</font> provides guidance for separating deliverables, measuring and allocating arrangement consideration to one or more units of accounting. ASU <font style="white-space: nowrap">2009-13</font> also requires significantly expanded disclosures to provide information about a vendor’s multiple-deliverable revenue arrangements and the judgments made by the vendor that affect the timing or amount of revenue recognition. ASU <font style="white-space: nowrap">2009-13</font> is effective prospectively for revenue arrangements entered into or materially modified in fiscal years beginning on or after June 15, 2010 and is not expected to have a significant impact on the Company’s consolidated results of operations, financial position and cash flows. </div> <div style="margin-top: 6pt; font-size: 1pt">  </div> <div align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #ffffff"> In August 2009, the FASB issued ASU <font style="white-space: nowrap">No. 2009-05,</font> <i>Measuring Liabilities at Fair Value </i>(“ASU <font style="white-space: nowrap">2009-05”),</font> which provides clarification on the application of fair value techniques when a quoted price in an active market for the identical liability is not available and clarifies that when estimating the fair value of a liability, the fair value is not adjusted to reflect the impact of contractual restrictions that prevent its transfer. ASU <font style="white-space: nowrap">2009-05</font> was effective on October 1, 2009 for the Company and the adoption did not have a significant impact on the Company’s consolidated results of operations, financial position and cash flows. </div> <div style="margin-top: 6pt; font-size: 1pt">  </div> <div align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #ffffff"> In June 2009, the FASB issued Financial Accounting Standards (“SFAS”) No. 168, <i>The FASB Accounting Standards Codification<sup style="font-size: 85%; vertical-align: top"><font style="font-variant: small-caps">tm</font></sup></i> <i>and the Hierarchy of Generally Accepted Accounting Principles a replacement of FASB Statement No. 162 </i>(“SFAS 168”). SFAS 168 identifies the sources of accounting principles and the framework for selecting the principles used in the preparation of financial statements of nongovernmental entities that are presented in conformity with GAAP in the United States (the “GAAP hierarchy”). Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal securities laws are also sources of authoritative GAAP for SEC registrants. SFAS 168 was effective for financial statements issued for interim and annual periods ending after September 15, 2009. The adoption of SFAS 168 did not have an impact on the Company’s consolidated results of operations, financial position and cash flows. </div> <div style="margin-top: 6pt; font-size: 1pt">  </div> <div align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #ffffff"> In May 2009, the FASB issued ASC Subsequent Events Topic 855, (“ASC 855”). ASC 855 establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued or are available to be issued. ASC 855 was effective for interim and annual reporting periods ending after June 15, 2009. The adoption of ASC 855 did not have an impact on the Company’s consolidated results of operations, financial position and cash flows. The Company evaluated all events and transactions that occurred after December 31, 2009 up through February 25, 2010, the date the Company issued these financial statements. During this period, the Company did not have any material recognizable or non-recognizable subsequent events. </div> <div style="margin-top: 6pt; font-size: 1pt">  </div> <div align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #ffffff"> The Company accounts for business combinations in accordance with FASB ASC Business Combinations Topic 805 (“ASC 805”), which includes provisions adopted effective January 1, 2009. The accounting for business combinations retains the underlying concepts of the previously issued standard, but changes the method of applying the acquisition method in a number of significant aspects. These changes were effective on a prospective basis for business combinations for which the acquisition date is on or after January 1, 2009, with the exception of the accounting for valuation allowances on deferred taxes and acquired tax contingencies. Adjustments for valuation allowances on deferred taxes and acquired tax contingencies associated with acquisitions that closed prior to January 1, 2009 would also apply the revised accounting for business combination provisions. The adoption of certain provisions within ASC 805 effective January 1, 2009 did not have a significant impact on the Company’s consolidated results of operations, financial position or cash flows. However, depending on the nature of an acquisition or the quantity of acquisitions entered into after the adoption, ASC 805 may significantly impact the Company’s consolidated results of operations, financial position or cash flows and result in more earnings volatility and generally lower earnings due to, among other items, the expensing of transaction costs and restructuring costs of acquired companies. </div> <div style="margin-top: 6pt; font-size: 1pt">  </div> <div align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #ffffff"> In April 2009, the FASB issued ASC <font style="white-space: nowrap">820-10-65-4,</font> <i>Transition Related to FASB Staff Position <font style="white-space: nowrap">FAS 157-4,</font> Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly </i>(“ASC <font style="white-space: nowrap">820-10-65-4”).</font> ASC <font style="white-space: nowrap">820-10-65-4</font> amends ASC 820, and provides additional guidance for estimating fair value in accordance with ASC 820 when the volume and level of activity for the asset or liability have significantly decreased and also includes guidance on identifying circumstances that indicate a transaction is not orderly for fair value measurements. ASC <font style="white-space: nowrap">820-10-65-4</font> is applied prospectively with retrospective application not permitted. ASC <font style="white-space: nowrap">820-10-65-4</font> was effective for interim and annual periods ending after June 15, 2009. The adoption of ASC <font style="white-space: nowrap">820-10-65-4</font> did not have an impact on the Company’s consolidated results of operations, financial position and cash flows. </div> <div style="margin-top: 6pt; font-size: 1pt">  </div> <div align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #ffffff"> In April 2009, the FASB issued ASC <font style="white-space: nowrap">320-10-65-1,</font> <i>Transition Related to FASB Staff Position <font style="white-space: nowrap">FAS 115-2</font> and <font style="white-space: nowrap">FAS 124-2,</font> Recognition and Presentation of <font style="white-space: nowrap">Other-Than-Temporary</font> Impairments </i>(“ASC <font style="white-space: nowrap">320-10-65-1”).</font> <font style="white-space: nowrap">ASC 320-10-65-1</font> amends previously issued standards to make the <font style="white-space: nowrap">other-than-temporary</font> impairments guidance more operational and to improve the presentation of <font style="white-space: nowrap">other-than-temporary</font> impairments in the financial statements. <font style="white-space: nowrap">ASC 320-10-65-1</font> replaces the existing requirement that the entity’s management assert it has both the intent and ability to hold an impaired debt security until recovery with a requirement that management assert it does not have the intent to sell the security, and it is more likely than not it will not have to sell the security before recovery of its cost basis. ASC <font style="white-space: nowrap">320-10-65-1</font> provides increased disclosure about the credit and noncredit components of impaired debt securities that are not expected to be sold and also requires increased and more frequent disclosures regarding expected cash flows, credit losses and an aging of securities with unrealized losses. Although ASC <font style="white-space: nowrap">320-10-65-1</font> does not result in a change in the carrying amount of debt securities, it does require that the portion of an <font style="white-space: nowrap">other-than-temporary</font> impairment not related to a credit loss for a <font style="white-space: nowrap">held-to-maturity</font> security be recognized in a new category of other comprehensive income and be amortized over the remaining life of the debt security as an increase in the carrying value of the security. ASC <font style="white-space: nowrap">320-10-65-1</font> was effective for interim and annual periods ending after June 15, 2009. The adoption of ASC <font style="white-space: nowrap">320-10-65-1</font> did not have an impact on the Company’s consolidated results of operations, financial position and cash flows. </div> <div style="margin-top: 6pt; font-size: 1pt">  </div> <div align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #ffffff"> In April 2009, the FASB issued ASC <font style="white-space: nowrap">825-10-65-1,</font> <i>Transition Related to FASB Staff Position <font style="white-space: nowrap">FAS 107-1</font> and Accounting Principles Board <font style="white-space: nowrap">28-1,</font> Interim Disclosures about Fair Value of Financial Instruments </i>(“ASC <font style="white-space: nowrap">825-10-65-1”).</font> ASC <font style="white-space: nowrap">825-10-65-1</font> amends previously issued standards to require disclosures about fair value of financial instruments not measured on the balance sheet at fair value in interim financial statements as well as in annual financial statements. Prior to ASC <font style="white-space: nowrap">825-10-65-1,</font> fair values for these assets and liabilities were only disclosed annually. ASC <font style="white-space: nowrap">825-10-65-1</font> applies to all financial instruments within the scope of ASC 825 and requires all entities to disclose the methods and significant assumptions used to estimate the fair value of financial instruments. ASC <font style="white-space: nowrap">825-10-65-1</font> was effective for interim periods ending after June 15, 2009. See Note 15. </div> </div>  <!-- Begin Block Tagged Note false false No definition available. No authoritative reference available. false false 1 2 false UnKnown UnKnown UnKnown false true