Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2021

Recently Adopted Accounting Pronouncements

Standard

Effective Date

Adoption

ASU 2021-01, Reference Rate Reform (Topic 848):Scope

Effective upon issuance

This pronouncement clarifies the scope and application of ASU 2020-04, "Reference Rate Reform: Facilitation of the Effects of Reference Rate Reform on Financial Reporting (Topic 848)." We continue to evaluate the impact of Topic 848 and may apply other elections as applicable as additional changes in the market occur.

ASU 2019-12, Income Taxes (Topic 740), Simplifying the Accounting for Income Taxes

January 1, 2021

This pronouncement simplifies the accounting for income taxes by removing certain exceptions to the general principles of Topic 740 and improves the consistent application of GAAP by clarifying and amending existing guidance. The adoption of this standard did not impact our financial statements or have a material effect on our disclosures.