|9 Months Ended|
Sep. 30, 2011
The Internal Revenue Service (IRS) performed an examination of the Company's 2006 and 2007 tax returns and initially denied a $34,856 tax benefit related to the abandonment of the FirstGuard stock in 2007. In October 2011, the Company agreed to a settlement for the open tax years of 2006 and 2007. The settlement did not have a material impact on the consolidated financial statements.
The Company is routinely subjected to legal proceedings in the normal course of business. While the ultimate resolution of such matters is uncertain, the Company does not expect the results of any of these matters individually, or in the aggregate, to have a material effect on its financial position or results of operations.
The entire disclosure for commitments and contingencies.
Reference 1: http://www.xbrl.org/2003/role/presentationRef