XML 33 R19.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Subsequent Events
3 Months Ended
Jun. 30, 2011
Subsequent Events [Abstract]  
Subsequent Events
14. Subsequent Events
On July 26, 2011, the Company acquired 100% of the outstanding common stock of C.Q.I. Solutions, Inc. (“CQI”) in exchange for newly issued shares of the Company’s common stock and cash. CQI provides surgery scheduling software and services for the inpatient market and will be a part of the Company’s Inpatient Solutions Division.
On July 27, 2011, the Board of Directors approved a two-for-one split of the Company’s outstanding shares of common stock and a proportional increase in the number of Company common shares authorized from 50,000 shares to 100,000 shares. Each shareholder of record at the close of business on October 6, 2011 will receive one additional share for every outstanding share held on the record date. The additional shares will be distributed October 26, 2011 and trading will begin on a split-adjusted basis on October 27, 2011.
On July 27, 2011, the Board of Directors approved a quarterly cash dividend of $0.35 per share on the Company’s outstanding shares of common stock, payable to shareholders of record as of September 16, 2011 with an expected distribution date on or about October 5, 2011.