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&lt;div align="left"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-weight: bold; display: inline;"&gt;NEW ACCOUNTING PRONOUNCEMENTS&lt;/font&gt;&lt;/div&gt;
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&lt;div align="left" style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 27pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline;"&gt;In February 2013, the FASB issued ASU No. 2013-02,&amp;#160;&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-style: italic; display: inline;"&gt;Comprehensive Income (Topic 220):&amp;#160;&amp;#160;Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income.&amp;#160;&amp;#160;&lt;/font&gt;This&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-style: italic; display: inline;"&gt;&amp;#160;&lt;/font&gt;ASU improves the transparency of reporting of amounts reclassified out of accumulated other comprehensive income.&amp;#160;&amp;#160;The new amendments in ASU 2013-02 do not change the current requirements for reporting net income or other comprehensive income in financial statements.&amp;#160;&amp;#160;The new amendments will require the Company to present (either on the face of the statements where net income is presented or in the notes) the effects on the line items of net income of significant amounts reclassified out of accumulated other comprehensive income.&amp;#160;&amp;#160;It will also require a cross-reference to other disclosures currently required.&amp;#160;&amp;#160;For public entities, the amendments are effective for reporting periods beginning after December 15, 2012.&amp;#160;&amp;#160;The Company adopted the ASU during the first quarter of 2013.&lt;/font&gt;&lt;/div&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>The entire disclosure for a new accounting pronouncement that has been issued but not yet adopted.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

 -Publisher FASB

 -Name Accounting Standards Codification

 -Topic 250

 -SubTopic 10

 -Section S99

 -Paragraph 5

 -Subparagraph (SAB TOPIC 11.M)

 -URI http://asc.fasb.org/extlink&amp;oid=26874127&amp;loc=d3e31137-122693



Reference 2: http://www.xbrl.org/2003/role/presentationRef

 -Publisher SEC

 -Name Staff Accounting Bulletin (SAB)

 -Number Topic 11

 -Section M



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