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New Accounting Pronouncements
12 Months Ended
Dec. 31, 2022
Accounting Changes and Error Corrections [Abstract]  
New Accounting Pronouncements
26.
New Accounting Pronouncements

Accounting Standards Adopted in 2022

 

In November, 2021, the FASB issued updated guidance which requires business entities to make annual disclosures about certain government assistance that it receives. The updated guidance is effective for annual periods beginning after December 15, 2021. The Company adopted this guidance on January 1, 2022. Other than the $5.5 million of payments received for the Cares Act, the adoption of this new accounting guidance did not have a material impact on the Company’s financial condition, results of operations, or cash flows.