Quarterly report pursuant to Section 13 or 15(d)

Recent Accounting Standards

Recent Accounting Standards
6 Months Ended
Jun. 30, 2012
Recent Accounting Standards [Abstract]  
Recent Accounting Standards [Text Block]

Note 3: Recent Accounting Standards


In July 2012, the FASB issued amended standards to simplify how entities test indefinite-lived intangible assets for impairment which improve consistency in impairment testing requirements among long-lived asset categories. These amended standards permit an assessment of qualitative factors to determine whether it is more likely than not that the fair value of an indefinite-lived intangible asset is less than its carrying value. For assets in which this assessment concludes it is more likely than not that the fair value is more than its carrying value, these amended standards eliminate the requirement to perform quantitative impairment testing as outlined in the previously issued standards. These amended standards are effective for us beginning in the fourth quarter of 2012; however, early adoption is permitted. We do not expect these new standards to significantly impact our consolidated condensed financial statements.