Classmates.com 2010 Annual Report Download - page 83

Table of Contents
Receivables —In January 2011, the FASB issued ASU No. 2011-01, Deferral of the Effective Date of Disclosures about Troubled Debt
Restructurings in Update No. 2010
-20 , as codified in ASC 310. The amendments in this update temporarily delay the effective date of the
disclosures about troubled debt restructurings in ASU 2010-20 for public entities. The delay is intended to allow time to determine what
constitutes a troubled debt restructuring. The effective date of the new disclosures about troubled debt restructurings for public entities and the
guidance for determining what constitutes a troubled debt restructuring will then be coordinated. The deferral in this amendment is effective
upon issuance. We are continuing to monitor updates to the troubled debt restructuring guidance and will evaluate the impact on our
consolidated financial statements upon the issuance of additional updates.
Inflation
Inflation did not have a material impact on our consolidated revenues and results of operations during the years ended December 31, 2010,
2009 and 2008, and we do not currently anticipate that inflation will have a material impact on our consolidated revenues and results of
operations for the year ending December 31, 2011.
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