EITF 08-4 was ratified by the Board in June of 2008 and was issued to provide transition guidance for conforming changes made to EITF 98-5 that resulted from EITF 00-27 and FAS 150. These changes are effective for financial statements issued for fiscal years ending after December 15, 2008 and earlier application is permitted. The effect of these changes is to be applied retrospectively with the cumulative effect of the change being reported in retained earnings.