New Accounting Pronouncements And Standards

3 Months Ended

Mar. 31, 2014

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

New Accounting Pronouncements And Standards

2. NEW ACCOUNTING PRONOUNCEMENTS AND STANDARDS

In July 2013, the Financial Accounting Standards Board, or FASB, issued guidance to require an unrecognized tax benefit, or portion of an unrecognized tax benefit, to be presented as a reduction of a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward. If an applicable deferred tax asset is not available or a company does not expect to use the applicable deferred tax asset, the unrecognized tax benefit should be presented as a liability in the financial statements and should not be combined with an unrelated deferred tax asset. This new guidance is effective for annual reporting periods beginning after December 15, 2013. The adoption of this guidance did not have a significant impact on our condensed consolidated financial statements.