Note 2 - Acquisitions

12 Months Ended

Aug. 29, 2015

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

2. Acquisitions

During the fiscal year ended August 29, 2015, the Company completed seven business acquisitions with an aggregate purchase price of approximately $22.4 million. The results of operations of these acquisitions have been included in the Company’s consolidated financial results since their respective acquisition dates. These acquisitions were not 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 29, 2015			August 30, 2014		August 31, 2013
Number of businesses acquired		7			7		7
Tangible assets acquired	$	4,179		$	949	$	7,494
Intangible assets and goodwill acquired		18,190			2,686		23,326
Liabilities assumed		(10	)		—		(106	)
Acquisition of businesses	$	22,359		$	3,635	$	30,714

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 2015 and 2014 all of the goodwill was allocated to the US and Canadian Rental and Cleaning segment and is deductible for tax purposes.