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Recent Accounting Pronouncements
9 Months Ended
Sep. 30, 2021
Accounting Changes and Error Corrections [Abstract]  
Recent Accounting Pronouncements
2.Recent Accounting Pronouncements
The following table provides a brief description of recent accounting pronouncements not yet adopted that could have a material effect on our financial statements. For a description and discussion of accounting pronouncements adopted during the nine months ended September 30, 2021, refer to Note 1, Basis of Presentation.

StandardDescriptionDate/Method of AdoptionEffect on financial statements or other significant matters
ASU 2020–04, Reference Rate Reform

and

ASU 2021–01, Reference Rate Reform: Scope
These standards provide optional guidance for a limited period of time to ease the potential financial reporting burden in accounting for (or recognizing the effects of) the discontinuation of LIBOR resulting from reference rate reform. The amendments provide optional expedients and exceptions for applying GAAP to contracts and other transactions impacted by reference rate reform. If certain criteria are met, an entity will not be required to remeasure or reassess contracts impacted by reference rate reform. Election is available through December 31, 2022.The Company is currently evaluating the implications of these amendments to its current efforts for reference rate reform implementation and any impact the adoption of these ASUs would have on its financial condition and results of operations.