Purchase Business Combinations

9 Months Ended

Dec. 30, 2011

Purchase Business Combinations [Abstract]

PURCHASE BUSINESS COMBINATIONS

During fiscal year 2011, the Physician Business acquired the assets of Linear Medical Solutions, Inc. (“Linear”) and all of the outstanding stock of Dispensing Solutions, Inc. (“DSI”), which market proprietary systems for dispensing medications to patients primarily within physician practices.During the nine monthsended December 30, 2011, the purchase accounting associated with these acquisitions was finalizedand the fair value measurements of assets acquired and liabilities assumed as of the acquisition dates were revised.

Opening Balance Sheet Adjustments

The following table summarizes adjustments to estimated fair values of the assets acquired and liabilities assumed as of the date of the Linear and DSI acquisitions:

(in thousands)	Linear						DSI
	Opening Balance		Measurement		Opening Balance		Opening Balance		Measurement		Opening Balance
	Sheet, As Adjusted		Period		Sheet, As Adjusted		Sheet, As Adjusted		Period		Sheet, As Adjusted
	April 1, 2011		Adjustment		December 30, 2011		April 1, 2011		Adjustment		December 30, 2011
Current assets	$	12,711	$	-	$	12,711	$	6,458	$	431	$	6,889
Goodwill		3,816		61		3,877		26,747		(3,285)		23,462
Intangible assets		4,538		-		4,538		11,070		-		11,070
Non-current assets		1,734		-		1,734		2,090		-		2,090
Accounts payable		(5,068)		-		(5,068)		(2,226)		(50)		(2,276)
Non-current liabilities		-		-		-		(2,639)		-		(2,639)
Contingent consideration		(3,500)		-		(3,500)		(5,500)		-		(5,500)
Net assets acquired	$	14,231	$	61	$	14,292	$	36,000	$	(2,904)	$	33,096

During the nine months ended December 30, 2011, the Company recorded a $3,500 reduction in the purchase price of DSI related to circumstances outstanding at the acquisition date, as well as a working capital adjustment of $596.  As of December 30, 2011, the purchase accounting related to DSI and Linear was finalized.

Contingent Consideration

During the nine months ended December 30, 2011, the fair value of contingent consideration associated with the Linear, DSI and other acquisitions was decreased by $594, $42 and $19, respectively, with the change in value reflected as a reduction in General and administrative expenses in the Unaudited Condensed Consolidated Statements of Operations. During the nine months ended December 30, 2011, the Company paid a final contingent consideration payment of $3,000 for Linear and $1,000 for other acquisitions. Subsequent to December 30, 2011, the Company made a final contingent consideration payment related to DSI of $5,500, which was reduced by the purchase price adjustment of $3,500 discussed above.

Other Acquisitions

During the nine months ended December 30, 2011, the Company made cash payments of $38,112 related to other acquisitions not significant for additional disclosure individually or in the aggregate, and cash payments of $866 for holdback payments and working capital adjustments related to prior year acquisitions.