v3.7.0.1
ACQUISITION:
3 Months Ended
Feb. 28, 2017
Business Combinations [Abstract]  
Acquisition
ACQUISITION:
In August 2016, the Company acquired 100% of the Minacs group of companies (“Minacs”), which provide integrated business process outsourcing services, for a preliminary purchase price of $435,635, subject to certain post-closing adjustments. The Company recorded certain immaterial measurement period adjustments during the three months ended February 28, 2017. Acquisition-related and integration expenses were $9,798, of which $611 was incurred during the three months ended February 28, 2017. These charges were recorded in “Selling, general and administrative expenses.”
As of February 28, 2017, the Company had paid $435,854 in cash. In March 2017, the Company received a refund related to certain post-closing adjustments, which reduces the above-mentioned purchase price by $6,500 with a corresponding reduction to goodwill.