Notes to Consolidated Financial Statements (dollars in thousands, except per share amounts.) (4) Acquisition of Subsidiaries The following table reflects the Company’s acquisition activity during the past three fiscal years: These acquisitions have been accounted for by the purchase method, and their results of operations are included in the accompanying consolidated financial statements from the dates of acquisition. Throughout fiscal years 2000 and 2001, the Company has focused on liquidity, leverage and cash flow. As a result, the Company’s acquisition activity has ceased, and the Company has no pending acquisitions. The following table reflects, on an unaudited pro forma basis, the combined operations of the Company and the businesses acquired during fiscal year 2000 as if such acquisitions had taken place at the beginning of the respective periods presented. There were no acquisitions in fiscal year 2001. Appropriate adjustments have been made to reflect the accounting basis used in recording acquisitions. These pro forma results have been prepared for comparative purposes only and do not purport to be indicative of the results of operations that would have resulted had the combinations been in effect on the dates indicated, that have resulted since the dates of acquisition or that may result in the future.