XML 46 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Recently Issued Accounting Pronouncements
6 Months Ended
Jun. 30, 2012
Recently Issued Accounting Pronouncements [Abstract]  
Recently Issued Accounting Pronouncements
Note B - Recently Issued Accounting Pronouncements
 
In May 2011, the FASB issued ASU No., 2011-04, Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs ("ASU 2011-04").  ASU 2011-04 amends ASC 820, Fair Value Measurements ("ASC 820"), by providing a consistent definition of fair value, as well as ensuring consistent measurement and similar disclosure requirements between U.S. GAAP and International Financial Reporting Standards.  ASU 2011-04 changes certain fair value measurement principles, clarifies the application of existing fair value measurement and expands the ASC 820 disclosure requirements, particularly for Level 3 fair value measurements.  The guidance is effective for the Company beginning January 1, 2012, to be applied prospectively.  Our adoption of ASU 2011-04 did not have a significant impact on our consolidated financial statements.
In June 2011, the FASB issued ASU No. 2011-05, Presentation of Comprehensive Income ("ASU 2011-05").  ASU 2011-05 requires the presentation of comprehensive income in either a continuous statement of comprehensive income or two separate but consecutive statements.  We adopted the provisions of ASU 2011-05 on January 1, 2012, which did not have a material impact on our consolidated financial statements.