Note 11 - Subsequent Events

3 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Subsequent Events [Text Block]

11.

       Subsequent Events

(a) Eliza Holding Acquisition

As previously disclosed, on

April 17, 2017,

the Company completed the acquisition of Eliza Holding Corp. for a cash purchase price of approximately

$172.0

million, after adjustments for working capital, cash, transaction expenses and indebtedness. The acquisition was funded with available liquidity, consisting of approximately

75%

cash on hand and approximately

25%

of borrowings under the Company’s revolving credit facility. The purchase price is subject to certain post-closing purchase price adjustments.

(b) Annual Grants to Employees

On

April 

26,

2017,

the Compensation Committee of the Board of Directors approved stock option and restricted stock unit awards of up to

$16.6

million. The awards generally will vest over

three

years and will be issued

three

business days subsequent to the filing of this Quarterly Report on Form

10

-Q.

In connection with the preparation of these unaudited Consolidated Financial Statements, an evaluation of subsequent events was performed through the date of issuance and, other than the events above, there were

no

other events that have occurred that would require adjustments to the financial statements or disclosure.