Subsequent Events

3 Months Ended

Nov. 30, 2011

Subsequent Events [Abstract]

Subsequent Events

12. Subsequent Events

The Company has evaluated subsequent events that occurred through the date of the filing of the Company's first quarter of fiscal year 2012 Form 10-Q. No significant events, other than those disclosed below, occurred subsequent to the balance sheet date and prior to the filing date of this report that would have a material impact on the Condensed Consolidated Financial Statements.

Telmar Network Technology, Inc. Acquisition

In the fourth quarter of fiscal year 2011, the Company entered into a merger agreement with THC Holdings, Inc., which wholly owns Telmar Network Technology, Inc. ("Telmar"), a provider of complex reverse logistics, repair services, technical support, and spare parts management solutions for communication network service providers, enterprise and original equipment manufacturers worldwide. The acquisition of Telmar is expected to enhance the Company's position in the telecom manufacturing and reverse logistics sector.

On December 1, 2011, the Company completed its acquisition of Telmar by acquiring all issued and outstanding common shares of Telmar for approximately $128.5 million in cash. The final purchase price is subject to adjustment based on the actual net assets and expenses of Telmar as of the closing date. The acquisition will be accounted for using the acquisition method of accounting in accordance with the business acquisition guidance.