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Acquisitions (Tables) | 9 Months Ended
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Sep. 27, 2020
Final Allocation of Purchase Price | The following table represents the final allocation of the purchase price:
|  | Purchase Price Allocation |
|  | (in thousands) |
Goodwill |  | $ | 41,223 |
Intangible assets |  |  | 37,660 |
Tangible assets acquired and liabilities assumed: |  |  |  |
Other current assets |  |  | 3,661 |
Non-current assets |  |  | 1,227 |
Accounts payable and current liabilities |  |  | (1,223 | )
Long-term other liabilities |  |  | (949 | )
Total purchase price |  | $ | 81,599 |
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 |  | $ | 24,590 |  |  |  | 6.0 |
Customer relationships |  |  | 7,360 |  |  |  | 6.0 |
Trademarks and tradenames |  |  | 5,450 |  |  |  | 7.0 |
Backlog |  |  | 260 |  |  |  | 0.3 |
Total intangible assets |  | $ | 37,660 |  |  |  | 6.1 |
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 29, 2019 |  |  | September 29, 2019 |
|  | (in thousands) |
Revenue |  | $ | 585,238 |  |  | $ | 1,646,815 |
Net income |  |  | 134,911 |  |  |  | 338,149 |
Net income per common share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.80 |  |  | $ | 1.97 |
Diluted |  | $ | 0.75 |  |  | $ | 1.89 |

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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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