Change in Accumulated Balance of Component of Other Comprehensive Loss

9 Months Ended

Sep. 30, 2012

Change in Accumulated Balance of Component of Other Comprehensive Loss and Common Stock Issuances [Abstract]

Change in Accumulated Balance of Component of Other Comprehensive Loss

(7) Change in Accumulated Balance of Component of Other Comprehensive Loss

Effective January 1, 2012, the Company adopted Accounting Standard Update No. 2011-05, “Comprehensive Income” (“ASU No. 2011-05”), which requires companies to present the components of net income and other comprehensive income either as one continuous statement or as two consecutive statements. ASU No. 2011-05 is applied retroactively to all periods presented. ASU No. 2011-05 eliminates the option to present components of other comprehensive income as part of the statement of changes in stockholders’ (deficit) equity. The update does not change the items which must be reported in other comprehensive income, how such items are measured or when they must be reclassified to net income. The adoption of ASU No. 2011-05 did not have a material impact on the Company’s financial position or results of operations.

The following table includes the changes in the accumulated balance of the component of other comprehensive loss for the nine months ended September 30, 2011:

(In thousands)	Nine months ended September 30, 2011
Accumulated unrealized gain on available-for-sale securities at beginning of period	$	13
Decrease during the period		(13	)
Accumulated unrealized gain on available-for-sale securities at end of period	$	—

There was no accumulated unrealized gain or loss on available-for-sale securities during the nine months ended September 30, 2012 and the three months ended September 30, 2011.