XML 52 R33.htm IDEA: XBRL DOCUMENT v3.19.1
Acquisitions (Tables)
 3 Months Ended
Mar. 31, 2019
Final Allocation of Purchase Price
The following table represents the final allocation of the purchase price:
 
 
 
Purchase Price 
Allocation
 
 
 
(in thousands)
 
Goodwill
 
$
135,976
 
Intangible assets
 
 
80,670
 
Tangible assets acquired and liabilities assumed:
 
 
 
 
Current assets
 
 
6,039
 
Non-current assets
 
 
1,336
 
Accounts payable and current liabilities
 
 
(7,336
)
Long-term deferred tax liabilities
 
 
(18,007
)
Other long-term liabilities
 
 
(900
)
Total purchase price
 
$
197,778
 
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
 
$
58,900
 
 
 
7.0
 
Trademarks and tradenames
 
 
13,240
 
 
 
11.0
 
Customer relationships
 
 
8,500
 
 
 
2.5
 
Backlog
 
 
30
 
 
 
0.2
 
Total intangible assets
 
$
80,670
 
 
 
7.2
 
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
 
 
 
April 1, 2018
 
 
 
(in thousands)
 
Revenue
 
$
493,017
 
Net income
 
 
85,151
 
Net income per common share:
 
 
 
 
Basic
 
$
0.44
 
Diluted
 
$
0.42