Time Until New year

<!DOCTYPE html>
<html lang="en">
<head>
    <meta charset="UTF-8">
    <title>Time Until New Year</title>
</head>
<body>
    <?php
        $now = time(); // or your date as well
        $your_date = strtotime("2014-12-31");
        $datediff = $your_date-$now;

        $date = date('h:i:s a', time());
        $arr = explode(":", $date);

        $days = floor($datediff/(60*60*24));
        $hours = (floor($datediff/(60*60*24)) * 24) - (int)($arr[0]);
        echo "Hours: $hours <br>";
        $minutes = ((floor($datediff/(60*60*24)) * 24) * 60) - (int)($arr[1]);
        echo "Minutes: $minutes <br>";
        $seconds = (((floor($datediff/(60*60*24)) * 24) * 60) * 60) - (int)($arr[2]);
        echo "Seconds: $seconds <br>";

        echo "Days:Hours:Minutes:Seconds $days:" . $hours % 24 . ":" . $minutes % 60 . ":" . $seconds % 60 . "<br>";
    ?>
    </body>
</html>