Quarterly report pursuant to Section 13 or 15(d)

Accounting Guidance Not Yet Adopted

 v2.3.0.11
Accounting Guidance Not Yet Adopted
3 Months Ended
May 31, 2011
Accounting Guidance Not Yet Adopted [Abstract]  
ACCOUNTING GUIDANCE NOT YET ADOPTED
18.     ACCOUNTING GUIDANCE NOT YET ADOPTED:
          Fair value measurement –
          In May 2011, the FASB issued amended guidance to achieve common fair value measurement and disclosure requirements under U.S. GAAP and International Financial Reporting Standards. This amended guidance provides clarification about the application of existing fair value measurement and disclosure requirements, and expands certain other disclosure requirements. The Company is required to adopt this amended guidance for its annual and interim periods beginning March 1, 2012. The Company does not expect the adoption of this amended guidance to have a material impact on the Company’s consolidated financial statements.
          Presentation of comprehensive income –
          In June 2011, the FASB issued amended guidance requiring an entity to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. This amended guidance eliminates the option to present the components of other comprehensive income as part of the statement of stockholders’ equity. In addition, this amended guidance requires retrospective application. The Company is required to adopt this amended guidance for its annual and interim periods beginning March 1, 2012. The Company does not expect the adoption of this amended guidance to have a material impact on the Company’s consolidated financial statements.