Acquisitions

12 Months Ended

Aug. 25, 2012

Acquisitions [Abstract]

Acquisitions

2. Acquisitions

During the fiscal year ended August 25, 2012, the Company acquired no businesses.  Whenever the Company acquires a business, consistent with current accounting guidance, the results of operations of the acquisition are included in the Company consolidated financial results from the date of the acquisition.

Aggregate information relating to the acquisition of businesses which were accounted for as purchases is as follows (in thousands, except number of businesses acquired):

Year ended	August 25, 2012		August 27, 2011		August 28, 2010
Number of businesses acquired		-		9		9
Tangible assets acquired	$	-	$	6,189	$	3,795
Intangible assets and goodwill acquired		-		26,367		17,113
Acquisition of businesses	$	-	$	32,556	$	20,908

Tangible assets acquired primarily relate to accounts receivable, inventory and property, plant and equipment. Liabilities assumed primarily relate to accounts payable and accrued liabilities.

The amount assigned to intangible assets acquired was based on their respective fair values determined as of the acquisition date.  The excess of the purchase price over the tangible and intangible assets was recorded as goodwill. In fiscal 2011 and 2010, all of the goodwill was allocated to the US and Canadian Rental and Cleaning segment.  Goodwill is not being amortized and is tested for impairment as required, at least annually.