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New Accounting Pronouncements
 3 Months Ended
Mar. 31, 2013
New Accounting Pronouncements  
New Accounting Pronouncements

 

Note 13 - New Accounting Pronouncements

 

Effective January 1, 2012, the Company adopted ASU No. 2013-02, Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income which the FASB issued in February 2013. The standard requires an entity to present information about significant items reclassified out of accumulated other comprehensive income by component either on the face of the statement where net income is presented or as a separate disclosure in the notes to financial statements. The guidance was effective for calendar year-end public companies beginning in the first quarter of 2013 with application on a prospective basis. The adoption of this guidance did not have a material impact on the Company’s financial condition, results of operations or disclosures.