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Recently Issued Accounting Pronouncements
9 Months Ended
Sep. 30, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]  
Recently Issued Accounting Pronouncements Recently Issued Accounting Pronouncements
Date IssuedReferenceDescriptionExpected Adoption Date and MethodFinancial Statement Impact
March 2024ASU No. 2024-02: Codification Improvements - Amendments to Remove References to the Concepts StatementsThe amendments in this ASU contain amendments to the Codification that remove references to various Concepts Statements. In most cases, the references are extraneous and not required to understand or apply the guidance. In other instances, the references were used in prior Statements to provide guidance in certain topical areas.January 2025, Prospective or retrospectiveCurrently under evaluation, but not expected to be material
March 2024ASU No. 2024-01: Compensation - Stock Compensation (Topic 718)The amendments in this ASU improve GAAP by adding an illustrative example that includes four fact patterns to demonstrate how an entity should apply the scope guidance in paragraph 718-10-15-3 to determine whether a profits interest award should be accounted for in accordance with Topic 718.January 2025, Prospective or retrospectiveCurrently under evaluation, but not expected to be material
November 2023
ASU 2023-07: Segment Reporting (ASC 280) — Improvements to Reportable Segment Disclosures
The amendments in this ASU update reportable segment disclosure requirements by requiring that an entity disclose significant segment expenses, disclose other segment items by reportable segments, provide annual disclosures about a reportable segment's profit and loss, the title of the chief operating decision maker, and other items.January 2024
Currently under evaluation, but not expected to be
material 1
1    ASC Topic 280, Segment Reporting — The Company has evaluated the segment reporting disclosure changes required by ASU 2023-07. Management has created a quantitative mock-up of our segments disclosure under ASC Topic 280.
Since management is continuing to evaluate the impact of ASU 2023-07, the above disclosures are tentative and subject to change.