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Significant Accounting Policies (Policies)
9 Months Ended
Sep. 30, 2017
Accounting Policies [Abstract]  
New Accounting Pronouncements, Policy [Policy Text Block]
In
May 2017,
the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU)
No
2017
-
09,
“Compensation
– Stock Compensation (Topic
718
)”. This ASU provides clarity and reduces both (
1
) diversity in practice and (
2
) cost and complexity when applying the guidance in Topic
718,
Compensation – Stock Compensation, to a change to the terms or conditions of a share-based payment award. The ASU provides guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic
718.
This Update is the final version of Proposed Accounting Standards Update
2016
-
360—
Compensation—Stock Compensation (Topic
718
)—Scope of Modification Accounting
, which has been deleted. The amendments in this Update are effective for all entities for annual periods, and interim periods within those annual periods, beginning after
December 15, 2017.
Early adoption is permitted, including adoption in any interim period, for (
1
) public business entities for reporting periods for which financial statements have
not
yet been issued and (
2
) all other entities for reporting periods for which financial statements have
not
yet been made available for issuance. The amendments in this Update should be applied prospectively to an award modified on or after the adoption date. The adoption of this ASU is
not
expected to materially impact our consolidated financial statements.
 
In
August 2016,
the
FASB issued Accounting Standards Update (ASU)
No
2016
-
15,
“Classification of certain cash receipts and cash payments”. This ASU addresses the following
eight
specific cash flow issues: Debt prepayment or debt extinguishment costs; settlement of
zero
-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; contingent consideration payments made after a business combination; proceeds from the settlement of insurance claims; proceeds from the settlement of corporate-owned life insurance policies (COLIs) (including bank-owned life insurance policies (BOLIs)); distributions received from equity method investees; beneficial interests in securitization transactions; and separately identifiable cash flows and application of the predominance principle. The guidance will be effective for annual reporting periods beginning after
December 15, 2017,
and interim periods within those fiscal years with early adoption permitted. The adoption of this ASU is
not
expected to materially impact our consolidated financial statements.
 
In
February 2016,
the FASB issued ASU
No.
2016
-
02,
“Leases”, which specifies the accounting for leases. The objective is to establish the principles that lessees and lessors shall apply to report useful information to users of financial statements about the amount, timing and uncertainty of cash flows arising from a lease. This ASU introduces the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous guidance. The guidance will be effective for annual reporting periods beginning after
December 15, 2018
and interim periods within those fiscal years with early adoption permitted. We are in the process of evaluating the impact of the future adoption of this standard on our consolidated financial statements.
 
In
May 2014,
the FASB issued ASU
No.
2014
-
09,
“Revenue from Contracts with Customers.” This ASU is a joint project initiated by the FASB and the International Accounting Standards Board to clarify the principles for recognizing revenue and to develop a common revenue standard for U.S. generally accepted accounting principles and International Financial Reporting Standards that will: remove inconsistencies and weaknesses in revenue requirements; provide a more robust framework for addressing revenue issues; improve comparability of revenue recognition practices across entities, industries, jurisdictions and capital markets; provide more useful information to users of financial statements through improved disclosure requirements; and simplify the preparation of financial statements by reducing the number of requirements to which an entity must refer. As originally proposed, the guidance is effective for annual reporting periods beginning after
December 15, 2016,
including interim periods within that reporting period. The adoption of this ASU is
not
expected to materially impact our consolidated financial statements. In
August 2015,
the FASB issued ASU
No.
2015
-
14,
“Revenue from Contracts with Customers.” This ASU deferred the effective date of ASU
No.
2014
-
09
by
one
year.