Note 2 - Acquisitions

12 Months Ended

Aug. 27, 2016

Notes to Financial Statements

Business Combination Disclosure [Text Block]

2. Acquisitions

During the fiscal year ended August 27, 2016, the Company completed six business acquisitions with an aggregate purchase price of approximately $17

.7 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 27, 2016			August 29, 2015			August 30, 2014
Number of businesses acquired		6			7			7
Tangible assets acquired	$	3,572		$	4,179		$	949
Intangible assets and goodwill acquired		14,239			18,190			2,686
Liabilities assumed		(80	)		(10	)		—
Acquisition of businesses	$	17,731		$	22,359		$	3,635

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 2016 and 2015, all of the goodwill was allocated to the US and Canadian Rental and Cleaning segment and is deductible for tax purposes.