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Recent Accounting Pronouncements
3 Months Ended
Mar. 26, 2013
Recent Accounting Pronouncements  
Recent Accounting Pronouncements

(6)         Recent Accounting Pronouncements

 

Comprehensive Income

(Accounting Standards Update 2013-02, “ASU 2013-2”)

 

In February 2013, the Financial Accounting Standards Board (“FASB”) issued ASU 2013-2, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, that required the presentation of significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under GAAP to be reclassified to net income in its entirety in the same reporting period.  For other amounts that are not required under GAAP to be reclassified in their entirety to net income, cross-reference to other disclosures that provide additional detail about these amounts is required.  ASU 2013-02 is effective for fiscal years beginning after December 15, 2012 (our 2013 fiscal year).  The adoption of this new guidance had no impact on our consolidated financial position, results of operations or cash flows.