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PRESENTATION OF COMPREHENSIVE INCOME
12 Months Ended
Feb. 29, 2012
PRESENTATION OF COMPREHENSIVE INCOME  
PRESENTATION OF COMPREHENSIVE INCOME

NOTE 2 — PRESENTATION OF COMPREHENSIVE INCOME

 

Beginning in June 2011, the FASB issued and subsequently amended certain guidance to increase the prominence of items reported in other comprehensive income. These amendments eliminate the option to present components of other comprehensive income as part of the statement of changes in stockholders’ equity.   Instead, the amended guidance requires the presentation of either a continuous statement of net income and other comprehensive income or two separate but consecutive statements. In addition, the new guidance requires numerous, yet less significant changes in the details of the presentation of additional information regarding other comprehensive income on the face of the new statements and in the accompanying footnotes.  As permitted, we have elected early adoption of these standards and applied them retrospectively to all disclosures accompanying these financial statements.   These amended standards impact the presentation of other comprehensive income and certain detail disclosures, but has not impacted our financial position or results of operations.