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loan. We adopted the guidance as of January 1, 2015. The adoption of this guidance did not have a significant impact on
our financial position, results of operations, or disclosures.
Income Taxes - Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a
Similar Tax Loss, or a Tax Credit Carryforward Exists:
In July 2013, the FASB issued guidance to amend the financial
statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax
credit carryforward exists. The new guidance states that an unrecognized tax benefit, or a portion of an unrecognized tax
benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss
carryforward, a similar tax loss, or a tax credit carryforward. However, to the extent a net operating loss carryforward, a
similar tax loss, or a tax credit carryforward is not available at the reporting date, the unrecognized tax benefit should be
presented in the financial statements as a liability and should not be combined with deferred tax assets. We adopted this
guidance as of January 1, 2014. The adoption of this guidance did not have a significant impact on our financial position,
results of operations, or disclosures.
Other Expenses - Fees Paid to the Federal Government by Health Insurers:
In July 2011, the FASB issued
guidance on the accounting for fees owed by health insurers as mandated by the Patient Protection and Affordable Care
Act as amended by the Health Care and Education Reconciliation Act, which imposes an annual fee on health insurers for
each calendar year beginning on or after January 1, 2014. A health insurer's portion of the annual fee is payable by
September 30 of the applicable calendar year once the entity provides health insurance for any U.S. health risk in that
year. The accounting guidance specifies that the liability for the fee should be estimated and recorded in full in the
applicable calendar year in which the fee is payable. We adopted this guidance as of January 1, 2014. The adoption of
this guidance did not have a significant impact on our financial position, results of operations, or disclosures.
Accounting Pronouncements Pending Adoption
Intangibles - Goodwill and Other - Simplifying the Test for Goodwill Impairment:
In January 2017, the FASB
issued amendments simplifying the subsequent measurement of goodwill. An entity, under this update, is no longer
required to perform a hypothetical purchase price allocation to measure goodwill impairment. Instead, the entity should
perform its annual or interim goodwill impairment test by comparing the fair value of a reporting unit with its carrying
amount. The amendments are effective for public business entities that are U.S. SEC filers for annual or any interim
goodwill impairment tests in fiscal years beginning after Dec. 15, 2019. Early adoption is permitted for any goodwill
impairment tests performed on testing dates after January 1, 2017. We do not expect the adoption of this guidance to
have a significant impact on our financial position, results of operations, or disclosures.
Business Combinations - Clarifying the Definition of a Business:
In January 2017, the FASB issued amendments
clarifying when a set of assets and activities is a business. The amendments provide a screen to determine when a set of
assets and activities is not a business. The amendments are effective for public business entities beginning after
December 15, 2017, including interim periods within those periods. We do not expect the adoption of this guidance to
have a significant impact on our financial position, results of operations, or disclosures.
Statement of Cash Flows - Restricted Cash:
In November 2016, the FASB issued amendments requiring that a
statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally
described as restricted cash or restricted cash equivalents. The amendments are effective for public business entities for
fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted.
We do not expect the adoption of this guidance to have a significant impact on our financial position, results of operations,
or disclosures.
Income Taxes - Intra-Entity Transfers of Assets Other Than Inventory:
In October 2016, the FASB issued
amendments that require an entity to recognize the income tax consequences of an intra-entity transfer of an asset other
than inventory when the transfer occurs. The amendments are effective for public business entities for annual reporting
periods beginning after December 15, 2017, including interim reporting periods within those annual reporting periods.
Early adoption is permitted. We are evaluating the impact of adoption of this guidance on our financial position, results of
operations, or disclosures.
Consolidation - Interests Held through Related Parties That Are under Common Control:
In October 2016, the
FASB issued amendments which clarify the consolidation guidance on how a reporting entity that is the single decision
maker of a VIE should treat indirect interests in the entity held through related parties that are under common control with
the reporting entity when determining whether it is the primary beneficiary of that VIE. The amendments are effective for
public business entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal
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