Recent Accounting Pronouncements

3 Months Ended

Dec. 31, 2013

Notes to Financial Statements

Recent Accounting Pronouncements

(2) Recent Accounting Pronouncements. In February 2013, accounting guidance was issued to update the presentation of reclassifications from comprehensive income to net income in consolidated financial statements. Under this new guidance, an entity is required to provide information about the amounts reclassified out of accumulated other comprehensive income either by the respective line items of net income or by cross-reference to other required disclosures. The new guidance does not change the requirements for reporting net income or other comprehensive income in financial statements. This guidance was effective for fiscal years beginning after December 15, 2012 and did not have a material effect on the Company’s financial position or results of operations.