Business Combinations

6 Months Ended

Feb. 29, 2012

Business Combinations [Abstract]

Business Combinations

Business Combinations

During fiscal 2011, the Company made 10 acquisitions accounted for as business combinations. The total purchase price of these acquisitions of $316 million, comprising $294 million in cash and $22 million in non-cash consideration ($20 million in shares of a subsidiary and $2 million in contingent consideration), was allocated to tangible and identifiable intangible assets acquired and liabilities assumed based on their respective estimated fair values on the date of acquisition. The excess of the aggregate purchase price over the fair value of the identifiable net assets acquired of $248 million was recorded as goodwill.

The following unaudited pro forma financial information represents the combined results of our operations for the three and six months ended February 28, 2011, as if all of the fiscal 2011 acquisitions had occurred as of September 1, 2009 (in thousands):

	Three Months Ended		Six Months Ended
	February 28, 2011		February 28, 2011
Revenues	$	747,829	$	1,466,512
Operating income(1)	$	53,330	$	89,585
Net income(1)	$	36,661	$	60,149
Net income attributable to SSI(1)	$	34,685	$	56,328

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(1) Excludes nonrecurring executive compensation paid to the management of acquired companies that will not be incurred in the future.

These pro forma results are not necessarily indicative of what actual results would have been had these acquisitions occurred for the periods presented. In addition, the pro forma results are not intended to be a projection of future results and do not reflect any synergies that may be achieved from combining operations.