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Table of Contents
UNITED ONLINE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
1. DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION, ACCOUNTING POLICIES, AND RECENT ACCOUNTING
PRONOUNCEMENTS (Continued)
Recent Accounting Pronouncements
Comprehensive Income —In June 2011, the FASB issued Accounting Standards Update ("ASU") No. 2011-05, Presentation of
Comprehensive Income , as codified in ASC 220. The amendments in this update require that all non-owner changes in stockholders' equity be
presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements. In the two-statement
approach, the first statement should present total net income and its components followed consecutively by a second statement that should
present total other comprehensive income, the components of other comprehensive income, and the total of comprehensive income.
Additionally, the amendments in this update require that reclassification adjustments from other comprehensive income to net income be shown
on the face of the statement of comprehensive income. The amendments in this update should be applied retrospectively and are effective for
fiscal years, and interim periods within those years, beginning after December 15, 2011. The Company does not expect this update to have a
material impact on its consolidated financial statements. Additionally, in December 2011, FASB issued ASU No. 2011-12, Deferral of Effective
Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting
Standard Update No. 2011-05 , as codified in ASC 220. The amendments in this update supersede certain paragraphs in ASU No. 2011-05 to
effectively defer only those changes in Update 2011-05 that relate to the presentation of reclassification adjustments out of accumulated other
comprehensive income. The amendments in this update are effective at the same time as the amendments in Update 2011-05 so that entities will
not be required to comply with the presentation requirements in Update 2011-05 that this Update is deferring. The amendments in this Update
are effective for public entities for fiscal years, and interim periods within those years, beginning after December 15, 2011. The Company does
not expect this update to have a material impact on its consolidated financial statements.
F-19