v3.26.1
Recent Accounting Pronouncements and Adopted Accounting Standards
6 Months Ended
Jun. 30, 2026
Accounting Standards Update and Change in Accounting Principle [Abstract]  
Recent Accounting Pronouncements and Adopted Accounting Standards

2. Recent Accounting Pronouncements and Adopted Accounting Standards

 

Recent Accounting Pronouncements

 

In November 2024, the Financial Accounting Standards Board ("FASB") issued ASU 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures, (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires a public entity to disaggregate certain expense captions into specified categories in disclosures within the footnotes to the financial statements. This ASU is effective for annual periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027, with early adoption permitted. We are evaluating the effect this guidance will have on the notes to our consolidated financial statements.

 

There were no other recently issued accounting standards that are expected to have a material effect on the Company’s financial condition, results of operations or cash flow.

 

Recently Adopted Accounting Standards

 

There were no accounting standards that were adopted in the first six months of 2026 that had a material effect on the Company’s financial condition, results of operations or cash flow.