Note 2 - Acquisitions

12 Months Ended

Aug. 31, 2013

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

2. Acquisitions

During the fiscal year ended August 31, 2013, the Company completed seven acquisitions with an aggregate purchase price of approximately $30.7 million. The results of operations of these acquisitions have been included in the Company’s consolidated financial results since their respective acquisition dates. None of these acquisitions were significant in relation to the Company’s consolidated financial results and, therefore, pro forma financial information has not been presented.

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 31, 2013			August 25, 2012		August 27, 2011
Number of businesses acquired		7			—		9
Tangible assets acquired	$	7,494		$	—	$	6,189
Intangible assets and goodwill acquired		23,326			—		26,367
Liabilities assumed		(106	)		—		—
Acquisition of businesses	$	30,714		$	—	$	32,556

Tangible assets acquired primarily relate to accounts receivable, inventory, prepaid expenses 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 2013 and 2011, all of the goodwill was allocated to the US and Canadian Rental and Cleaning segment and was deductible for tax purposes. Goodwill is not being amortized and is tested for impairment as required, at least annually.