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Acquisitions (Tables)

9 Months Ended

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

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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X

- 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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
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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

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