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Acquisitions (Tables) | 9 Months Ended
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Oct. 04, 2015
Avionics Interface Technologies, LLC |
Allocation of Purchase Price | The following table represents the final allocation of the purchase price:
|  | Purchase Price Allocation |
|  | (in thousands) |
Goodwill |  | $ | 10,516 |
Intangible assets |  |  | 9,080 |
Tangible assets acquired and liabilities assumed: |  |  |  |
Current assets |  |  | 2,452 |
Non-current assets |  |  | 359 |
Accounts payable and current liabilities |  |  | (1,164 | )
Total purchase price |  | $ | 21,243 |
Components of Intangible Assets and Their Estimated Useful Lives at Acquisition Date | Components of these intangible assets and their estimated useful lives at the acquisition date are as follows:
|  | Fair Value |  |  | Estimated Useful Life |
|  | (in thousands) |  |  | (in years) |
Customer relationships |  | $ | 5,630 |  |  |  | 5.0 |
Developed technology |  |  | 2,580 |  |  |  | 4.8 |
Trademarks and tradenames |  |  | 380 |  |  |  | 5.0 |
Non-compete agreement |  |  | 320 |  |  |  | 4.0 |
Customer order backlog |  |  | 170 |  |  |  | 0.3 |
Total intangible assets |  | $ | 9,080 |  |  |  | 4.8 |
Pro Forma Results Under Acquisitions | The unaudited pro forma results are not necessarily indicative of what actually would have occurred had the acquisition been in effect for the periods presented:
|  | For the Three Months Ended |  |  | For the Nine Months Ended |
|  | September 28, 2014 |  |  | October 4, 2015 |  |  | September 28, 2014 |
Revenue |  | $ | 485,842 |  |  | $ | 1,339,181 |  |  | $ | 1,347,616 |
Net income |  |  | 76,112 |  |  |  | 197,745 |  |  |  | 162,474 |
Net income per common share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.37 |  |  | $ | 0.93 |  |  | $ | 0.82 |
Diluted |  | $ | 0.35 |  |  | $ | 0.92 |  |  | $ | 0.73 |
Universal Robots |
Allocation of Purchase Price | The following table represents the preliminary allocation of the purchase price:
|  | Purchase Price Allocation |
|  | (in thousands) |
Goodwill |  | $ | 227,021 |
Intangible assets |  |  | 119,950 |
Tangible assets acquired and liabilities assumed: |  |  |  |
Current assets |  |  | 10,853 |
Non-current assets |  |  | 3,415 |
Accounts payable and current liabilities |  |  | (11,973 | )
Long-term deferred tax liabilities |  |  | (25,736 | )
Long-term other liabilities |  |  | (5,844 | )
Total purchase price |  |  | $317,686 |
Components of Intangible Assets and Their Estimated Useful Lives at Acquisition Date | Components of these intangible assets and their estimated useful lives at the acquisition date are as follows:
|  | Fair Value |  |  | Estimated Useful Life |
|  | (in thousands) |  |  | (in years) |
Developed technology |  | $ | 88,890 |  |  |  | 4.9 |
Trademarks and tradenames |  |  | 21,680 |  |  |  | 10.0 |
Customer relationships |  |  | 9,380 |  |  |  | 2.0 |
Total intangible assets |  | $ | 119,950 |  |  |  | 5.6 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
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