New Accounting Standards

9 Months Ended

Sep. 30, 2013

New Accounting Pronouncement or Change in Accounting Principle, Current Period Disclosures [Abstract]

New Accounting Pronouncements [Text Block]

New Accounting Standards

Accounting Standards Issued

In July 2013, the Financial Accounting Standards Board (FASB) issued guidance for the presentation of unrecognized tax benefits when a net operating loss carryforward or other tax credit carryforwards exist at the reporting date. If such a carryforward exists, the guidance generally requires an unrecognized tax benefit to be presented as a decrease in a deferred tax asset. Our current practice is consistent with this guidance.

Accounting Standards Adopted

In February 2013, the FASB issued guidance that requires disclosure of amounts reclassified out of accumulated other comprehensive income by component. Significant amounts are required to be presented by the respective line items of net income or should be cross-referenced to other disclosures. These disclosures may be presented on the income statement or in the notes to the financial statements. We adopted this standard during the first quarter of 2013 and have included the required disclosures in notes to the financial statements. The adoption of this standard did not have a material effect on our financial statement disclosures.