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Note 11 - Recent Accounting Pronouncements
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]
11.
RECENT ACCOUNTING PRONOUNCEMENTS
 
In
August 2018,
the FASB issued Accounting Standards Update ("ASU")
No.
2018
-
15,
 
Intangibles - Goodwill and Other - Internal-Use Software (Subtopic
350
-
40
): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract 
("ASU
2018
-
15"
). The amendments in ASU
2018
-
15
align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal use software license). The guidance will be effective for the fiscal year beginning after
December 15, 2019,
including interim periods within that year. The Company is currently assessing the impact of this ASU on its consolidated financial statements and will adopt the standard in
2020.
 
In
August 2018,
the FASB issued ASU
No.
2018
-
13,
 Fair Value Measurement (Topic
820
): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement
 (“ASU
2018
-
13”
). The amendments in this update modify the disclosure requirements on fair value measurements in Topic
820,
Fair Value Measurement, including requiring the disclosure of the range and weighted average of significant unobservable inputs used to develop Level
3
fair value measurements. The guidance will be effective for the fiscal year beginning after
December 15, 2019,
including interim periods within that year. The Company is currently assessing the impact of this ASU on its consolidated financial statements and will adopt the standard in
2020.
 
In
June 2016,
the FASB issued ASU
No.
2016
-
13,
 
Financial Instruments – Credit Losses (Topic
326
): Measurement of Credit Losses on Financial Instruments
 (“ASU
2016
-
13”
). ASU
2016
-
13
is intended to provide financial statement users with more useful information about expected credit losses on financial assets held by a reporting entity at each reporting date. The new standard replaces the existing incurred loss impairment methodology with a methodology that requires consideration of a broader range of reasonable and supportable forward-looking information to estimate all expected credit losses. This ASU is effective for fiscal years and interim periods within those years beginning after
December 15, 2019
and early adoption is permitted for fiscal years and interim periods within those years beginning after
December 15, 2018.
The Company is currently assessing the impact of this ASU on its consolidated financial statements and will adopt the standard in
2020.