Accounting Policies and Recent Accounting Pronouncements (Policies)

9 Months Ended

Sep. 30, 2012

Accounting Policies and Recent Accounting Pronouncements [Abstract]

Recent Accounting Pronouncements

(b) Recent Accounting Pronouncements

In June 2011, the Financial Accounting Standards Board (FASB) issued guidance to increase the prominence of other comprehensive income in financial statements. Under this guidance, an entity has the option to present the components of net income and comprehensive income in either one or two consecutive financial statements. The option to present other comprehensive income in the statement of changes in equity has been eliminated. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. The implementation of the accounting guidance did not have a material effect on the Company's consolidated financial statements.