2.4.0.8006 - Disclosure - Note 2 - Acquisition of Assets of M.C. Healthcare Products Inc.truefalsefalse1false
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2us-gaap_MergersAcquisitionsAndDispositionsDisclosuresTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel| 1falsefalsefalse00<p style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN: 0pt" id="PARA1317">
<font id="clearSpaces-123"><font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"><b>2.  
ACQUISITION OF ASSETS OF M.C. HEALTHCARE PRODUCTS
INC.</b></font></font><font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"></font>
</p><br/><p style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; MARGIN: 0pt; COLOR: #000000" id="PARA1319">
<font id="clearSpaces-125"><font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt">On
December 9, 2011, we acquired, through Span-Canada (a new
wholly-owned subsidiary), substantially all of the assets of
M.C. Healthcare Products Inc. (“MCHP” or
“M.C. Healthcare”) for approximately $9,800,000,
including cash of approximately $7,980,000 at the time of
closing and approximately $354,000 for the post-closing
working capital adjustment, paid in January 2012, plus
100,000 shares of Span-America common stock valued at
approximately $1,441,000. MCHP manufactures medical bed
frames and related products. We funded the acquisition
through a combination of cash on hand, proceeds from the sale
of securities available for sale and proceeds of
approximately $6,500,000 from our revolving credit facility.
No cash was acquired from MCHP. The excess of the
consideration transferred over the net tangible and
intangible assets was reflected as goodwill of approximately
$2,530,000.</font></font>
</p><br/><p style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; MARGIN: 0pt" id="PARA1321">
<font id="clearSpaces-127"><font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt">The
allocation of the total consideration to the fair value of
the assets acquired and liabilities assumed in U.S. dollars
as of December 9, 2011 is as follows:</font></font>
</p><br/><table style="WIDTH: 90%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; MARGIN-RIGHT: 10%" id="TBL2360" border="0" cellspacing="0" cellpadding="0">
<tr id="TBL2360.finRow.1">
<td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff; WIDTH: 83%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom">
<p style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; COLOR: #00ffff" id="PARA2341">
<font style="FONT-FAMILY: Times New Roman, Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: Times New Roman, Times, serif; COLOR: #000000; FONT-SIZE: 10pt">Receivables</font></font>
</p>
</td>
<td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.1.lead.2">
 
</td>
<td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.1.symb.2">
$
</td>
<td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff; WIDTH: 14%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.1.amt.2">
<font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"></font>1,800,000
</td>
<td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; MARGIN-LEFT: 0pt; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.1.trail.2" nowrap="nowrap">
</td>
</tr>
<tr id="TBL2360.finRow.2">
<td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom">
<p style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt" id="PARA2343">
<font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt">Inventories</font>
</p>
</td>
<td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.2.lead.2">
 
</td>
<td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.2.symb.2">
 
</td>
<td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff; WIDTH: 14%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.2.amt.2">
2,210,000
</td>
<td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; MARGIN-LEFT: 0pt; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.2.trail.2" nowrap="nowrap">
</td>
</tr>
<tr id="TBL2360.finRow.3">
<td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom">
<p style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt" id="PARA2345">
<font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt">Intangibles</font>
</p>
</td>
<td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.3.lead.2">
 
</td>
<td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.3.symb.2">
 
</td>
<td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff; WIDTH: 14%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.3.amt.2">
3,980,000
</td>
<td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; MARGIN-LEFT: 0pt; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.3.trail.2" nowrap="nowrap">
</td>
</tr>
<tr id="TBL2360.finRow.4">
<td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom">
<p style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt" id="PARA2347">
<font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt">Other
current assets</font>
</p>
</td>
<td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.4.lead.2">
 
</td>
<td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.4.symb.2">
 
</td>
<td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff; WIDTH: 14%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.4.amt.2">
60,000
</td>
<td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; MARGIN-LEFT: 0pt; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.4.trail.2" nowrap="nowrap">
</td>
</tr>
<tr id="TBL2360.finRow.5">
<td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom">
<p style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt" id="PARA2349">
<font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt">Equipment</font>
</p>
</td>
<td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.5.lead.2">
 
</td>
<td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.5.symb.2">
 
</td>
<td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff; WIDTH: 14%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.5.amt.2">
300,000
</td>
<td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; MARGIN-LEFT: 0pt; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.5.trail.2" nowrap="nowrap">
</td>
</tr>
<tr id="TBL2360.finRow.6">
<td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom">
<p style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt" id="PARA2351">
<font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt">Goodwill</font>
</p>
</td>
<td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.6.lead.2">
 
</td>
<td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.6.symb.2">
 
</td>
<td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff; WIDTH: 14%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.6.amt.2">
2,530,000
</td>
<td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; MARGIN-LEFT: 0pt; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.6.trail.2" nowrap="nowrap">
</td>
</tr>
<tr id="TBL2360.finRow.7">
<td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom">
<p style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt" id="PARA2353">
<font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt">Liabilities
assumed</font>
</p>
</td>
<td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.7.lead.2">
 
</td>
<td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.7.symb.2">
 
</td>
<td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff; WIDTH: 14%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.7.amt.2">
(1,070,000
</td>
<td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; MARGIN-LEFT: 0pt; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.7.trail.2" nowrap="nowrap">
)
</td>
</tr>
<tr id="TBL2360.finRow.8">
<td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom">
<p style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt" id="PARA2355">
<font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt">Contingent
consideration</font>
</p>
</td>
<td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.8.lead.2">
 
</td>
<td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.8.symb.2">
 
</td>
<td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff; WIDTH: 14%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.8.amt.2">
(70,000
</td>
<td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; MARGIN-LEFT: 0pt; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.8.trail.2" nowrap="nowrap">
)
</td>
</tr>
<tr id="TBL2360.finRow.9">
<td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom">
<p style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt" id="PARA2357">
<font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt">Deferred
tax liability</font>
</p>
</td>
<td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.9.lead.2">
 
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.9.symb.2">
 
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff; WIDTH: 14%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.9.amt.2">
(50,000
</td>
<td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; PADDING-BOTTOM: 1px; BACKGROUND-COLOR: #cceeff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; MARGIN-LEFT: 0pt; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.9.trail.2" nowrap="nowrap">
)
</td>
</tr>
<tr id="TBL2360.finRow.10">
<td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt">
 
</td>
<td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.10.lead.2">
 
</td>
<td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.10.symb.2">
$
</td>
<td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff; WIDTH: 14%; FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.10.amt.2">
9,690,000
</td>
<td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; PADDING-BOTTOM: 3px; BACKGROUND-COLOR: #ffffff; WIDTH: 1%; FONT-FAMILY: Times New Roman, Times, serif; MARGIN-LEFT: 0pt; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" id="TBL2360.finRow.10.trail.2" nowrap="nowrap">
</td>
</tr>
</table><br/><p style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; MARGIN: 0pt" id="PARA1322">
<font id="clearSpaces-128"><font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt">For
the Company’s third fiscal quarter ended June 29, 2013,
Span-Canada contributed net revenues of approximately
$3,500,000 and operating income of approximately $211,000
compared with the same period last year when
Span-Canada’s net revenues were approximately
$2,300,000 and operating loss was approximately $68,000. For
the nine months ended June 29, 2013, Span-Canada contributed
net sales of approximately $9,400,000 and operating income of
approximately $756,000. For the period from December 9, 2011,
the date of the MCHP asset acquisition, through June 30,
2012, Span-Canada contributed net sales of approximately
$8,300,000 and operating income of approximately $1,048,000.
These results are included in the Consolidated Financial
Statements for the fiscal quarters ended June 29, 2013 and
June 30, 2012.</font></font>
</p><br/>falsefalsefalse | nonnum:textBlockItemTypenaThe entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings.No definition available.false0
falseNote 2 - Acquisition of Assets of M.C. Healthcare Products Inc.UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.spanamerica.com/role/Note2AcquisitionofAssetsofMCHealthcareProductsInc12