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Acquisitions (Tables)
 6 Months Ended
Jul. 01, 2023
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]  
Summary of business combination assets acquired liabilities assumed The following table presents the preliminary allocation of the purchase price to the estimated fair values of the assets acquired and liabilities assumed on the closing date of May 16, 2023 (in thousands):
 
Purchase Price
   
Cash
p
aid
    $ 1,311,531  
Less:
c
ash acquired
      (25,624 ) 
  
 
 
  
Net cash consideration
      1,285,907  
  
 
 
  
Identifiable Net Assets (Liabilities) Acquired
   
Accounts receivable
      20,099  
Inventory
      14,706  
Prepaid and other assets
      1,327  
Property, plant and equipment
      9,056  
Operating lease assets
      5,204  
Intangible assets
      418,100  
Accounts payable and accrued expenses
      (31,664 ) 
Operating lease liabilities
      (5,204 ) 
Tax liabilities
      (3,871 ) 
Deferred revenue
      (15,219 ) 
Other liabilities
      (5,728 ) 
  
 
 
  
Total identifiable net assets acquired
      406,806  
Goodwill
      879,101  
  
 
 
  
Net cash consideration
    $ 1,285,907  
  
 
 
  
Summary of the purchase price allocated to the intangible assets acquired and the estimated useful lives
The details of the purchase price allocated to the intangible assets acquired and the estimated useful lives are as follows (dollars in thousands):
 
    
Amount
     
Weighted-Average

Life
  
Developed technology
    $ 80,000        10 years  
Customer relationships
      330,600        10 years  
Trade name
      7,500        5 years  
  
 
 
     
Total
    $ 418,100