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Recent Accounting Pronouncements
3 Months Ended
Apr. 02, 2016
Accounting Changes and Error Corrections [Abstract]  
Recent Accounting Pronouncements

Note 4: Recent Accounting Pronouncements

 

In March 2016, the FASB issued ASU 2016-09, Stock Compensation, which simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The guidance is effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The Company is currently evaluating the impact of adopting this guidance on its financial statements.