Note 4 - Acquisitions

3 Months Ended

Mar. 31, 2012

Mergers, Acquisitions and Dispositions Disclosures [Text Block]

(4)   ACQUISITIONS:

Ideal Image

On November 1, 2011, we acquired all the stock of Ideal Image, Development, Inc. ("Ideal Image").  We acquired Ideal Image to expand our services, add an incremental revenue stream and assist in the growth of our products distribution.  The purchase price of the acquisition, which was funded from existing cash and common shares and through borrowings under our new credit facility, was $175 million in cash, less cash acquired.

At December 31, 2011, the Company had a receivable from the sellers of $2.3 million related to post-closing working capital adjustments, all of which was collected by March 31, 2012.

The following is a summary of the unaudited pro forma historical results, as if Ideal Image had been acquired at January 1, 2011 (in thousands).

Three Months Ended March 31, 2011
Total revenues	$	184,476
Income from operations	$	18,696
Basic income per share	$	0.95
Diluted income per share	$	0.93

These unaudited pro forma results have been prepared for comparative purposes only and do not purport to be indicative of the results of operations which actually would have resulted had this acquisition occurred at January 1, 2011, nor are they necessarily indicative of future operating results.

Cortiva

On November 7, 2011, we acquired all of the assets of Cortiva Group, Inc. ("Cortiva").  We acquired Cortiva to expand our school operations and to assist the future growth of our Schools segment.  The purchase price of the acquisition, which was funded from existing cash, was $33 million in cash, less cash acquired.

At December 31, 2011, the Company had a receivable from the sellers of Cortiva of $2.6 million related to a post-closing working capital adjustment, which is included in other current assets.  During the three months ended March 31, 2012, we received $1.3 million related to this adjustment.  Additional information is necessary to complete the purchase price allocation with respect to the working capital adjustment