8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

November 23, 2011

QUALITY SYSTEMS, INC.

(Exact name of registrant as specified in its charter)

CALIFORNIA	001-12537	95-2888568
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification Number)

18111 Von Karman, Suite 700

Irvine, California 92612

(Address of Principal Executive Offices)

(949) 255-2600

(Registrant’s Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On July 27, 2011, the Board of Directors approved a 2-for-1 stock split of the Company’s common stock and a proportional increase in the number of Company common shares authorized from 50 million to 100 million. The stock split was effective on October 26, 2011 before trading began on October 27, 2011. As a result, the Company’s issued and outstanding common stock increased from approximately 29.0 million to approximately 58.1 million shares. The par value of the common stock was not affected by the stock split and remains at $0.01 per share. Consequently, on the Company’s balance sheet, the aggregate par value of the issued common stock was increased by reclassifying the par value amount of the added shares of common stock from Additional Paid-in Capital.

SELECTED FINANCIAL DATA

The following selected financial data with respect to our consolidated statements of income data for each of the five years in the period ended March 31, 2011 and the consolidated balance sheets data as of the end of each such fiscal year are derived from our audited consolidated financial statements. The following information should be read in conjunction with our consolidated financial statements and the related notes thereto, our independent registered public accounting firms’ reports thereon and the other financial information included in Item 8 and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” of our Annual Report on Form 10-K for the fiscal year ended March 31, 2011, which remain unchanged except that share and per share information for all periods has been revised to reflect the Company’s 2-for-1 stock split of its outstanding common stock effective October 26, 2011. The selected data in this section is not intended to replace the consolidated financial statements included in that report, except that share and per share information for all periods has been revised to reflect the 2-for-1 stock split.

The revised selected financial data table is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description
99.1	Part II Item 6. Selected Financial Data

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: November 23, 2011

QUALITY SYSTEMS, INC.
By:	/s/ Paul Holt
	Paul Holt
	Chief Financial Officer

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EXHIBITS ATTACHED TO THIS REPORT ON FORM 8-K

Exhibit No.	Description
99.1	Part II Item 6. Selected Financial Data

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EX-99.1

Exhibit 99.1

SELECTED FINANCIAL DATA

The following selected financial data with respect to our consolidated statements of income data for each of the five years in the period ended March 31, 2011 and the consolidated balance sheet data as of the end of each such fiscal year are derived from our audited consolidated financial statements. The following information should be read in conjunction with our consolidated financial statements and the related notes thereto, our independent registered public accounting firms’ reports thereon and the other financial information included in Item 8 and in Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of our Annual Report on Form 10-K for the fiscal year ended March 31, 2011, which remain unchanged except that per share information for all periods has been revised to reflect the Company’s 2-for-1 stock split of its outstanding common stock effective October 26, 2011. The selected data in this section is not intended to replace the consolidated financial statements included in that report, except that share and per share information for all periods has been revised to reflect the 2-for-1 stock split.

Consolidated Financial Data

	Fiscal Year Ended March 31,
	2011		2010		2009			2008		2007
Statements of Income Data:
Revenue	$	353,363	$	291,811	$	245,515		$	186,500	$	157,165
Cost of revenue		127,482		110,807		88,890			62,501		50,784
Gross profit		225,881		181,004		156,625			123,999		106,381
Selling, general and administrative		108,310		86,951		69,410			53,260		45,337
Research and development costs		21,797		16,546		13,777			11,350		10,166
Amortization of acquired intangible assets		1,682		1,783		1,035			—		—
Income from operations		94,092		75,724		72,403			59,389		50,878
Interest income		263		226		1,203			2,661		3,306
Other income (expense), net		61		268		(279	)		953		—
Income before provision for income taxes		94,416		76,218		73,327			63,003		54,184
Provision for income taxes		32,810		27,839		27,208			22,925		20,952
Net income	$	61,606	$	48,379	$	46,119		$	40,078	$	33,232
Basic net income per share	$	1.06	$	0.84	$	0.82		$	0.73	$	0.62
Diluted net income per share	$	1.06	$	0.84	$	0.81		$	0.72	$	0.60
Basic weighted average shares outstanding		57,894		57,270		56,062			54,596		53,764
Diluted weighted average shares outstanding		58,236		57,592		56,792			55,540		55,100
Dividends declared per common share	$	0.625	$	0.600	$	0.575		$	0.500	$	0.500
	March 31, 2011		March 31, 2010		March 31, 2009			March 31, 2008		March 31, 2007
Balance Sheet Data:
Cash and cash equivalents	$	116,617	$	84,611	$	70,180		$	59,046	$	60,028
Working capital	$	145,758	$	118,935	$	98,980		$	79,932	$	76,616
Total assets	$	378,686	$	310,180	$	242,101		$	187,908	$	150,681
Total liabilities	$	154,016	$	121,891	$	86,534		$	74,203	$	59,435
Total shareholders’ equity	$	224,670	$	188,289	$	155,567		$	113,705	$	91,246