v2.4.0.8

Business Acquisitions (Tables) | 6 Months Ended
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Sep. 30, 2014
ISSC Technologies Corporation [Member] |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The table below represents the preliminary allocation of the purchase price to the net assets acquired based on their estimated fair values as of July 17, 2014, as well as the associated estimated useful lives of the acquired intangible assets at that date (amounts in thousands):
Assets acquired | July 17, 2014
Cash and cash equivalents | $ | 15,120 |
Short-term investments | 27,063 |
Accounts receivable, net | 8,792 |
Inventories | 19,160 |
Prepaid expenses and other current assets | 2,501 |
Property, plant and equipment, net | 2,637 |
Goodwill | 152,243 |
Purchased intangible assets | 147,800 |
Other assets | 1,370 |
Total assets acquired | 376,686 |
Liabilities assumed |
Accounts payable | (9,860 | )
Other current liabilities | (16,997 | )
Long-term income tax payable | (4,402 | )
Deferred tax liability | (25,126 | )
Other long-term liabilities | (245 | )
Total liabilities assumed | (56,630 | )
Net assets acquired including noncontrolling interest | 320,056 |
Less: noncontrolling interest | (52,467 | )
Net assets acquired | $ | 267,589 |
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination |
Purchased Intangible Assets | Useful Life |  | April 1, 2014
| (in years) |  | (in thousands)
Core/developed technology | 10 |  | $ | 68,900 |
In-process technology | 10 |  | 27,200 |
Customer-related | 3 |  | 51,100 |
Backlog | 1 |  | 600 |
|  |  | $ | 147,800 |
Business Acquisition, Pro Forma Information | The following unaudited pro-forma consolidated results of operations for the three and six months ended September 30, 2014 and 2013 assume the ISSC acquisition occurred as of April 1, 2013. The pro-forma results of operations are presented for informational purposes only and are not indicative of the results of operations that would have been achieved if the acquisition had taken place on April 1, 2013 or of results that may occur in the future (amounts in thousands):
| Three Months Ended |  | Six Months Ended
| September 30, |  | September 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Net sales | $ | 547,543 |  |  | $ | 512,150 |  |  | $ | 1,097,473 |  |  | $ | 993,191 |
Net income attributable to Microchip Technology | 95,261 |  |  | 92,527 |  |  | 178,729 |  |  | 161,602 |
Net income attributable to Microchip Technology common stockholders per share - basic | $ | 0.47 |  |  | $ | 0.47 |  |  | $ | 0.89 |  |  | $ | 0.82 |
Net income attributable to Microchip Technology common stockholders per share - diluted | $ | 0.42 |  |  | $ | 0.43 |  |  | $ | 0.79 |  |  | $ | 0.75 |
Supertex Inc. [Member] |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The table below represents the preliminary allocation of the purchase price, including adjustments to the purchase price allocation from the previously reported figures at June 30, 2014, to the net assets acquired based on their estimated fair values as of April 1, 2014 (amounts in thousands):
Assets acquired | Previously Reported June 30, 2014 |  | Adjustments |  | September 30, 2014
Cash and cash equivalents | $ | 14,790 |  |  | $ | — |  |  | $ | 14,790 |
Short-term investments | 140,984 |  |  | — |  |  | 140,984 |
Accounts receivable, net | 7,047 |  |  | — |  |  | 7,047 |
Inventories | 27,630 |  |  | — |  |  | 27,630 |
Prepaid expenses | 1,493 |  |  | — |  |  | 1,493 |
Deferred tax assets | 3,997 |  |  | — |  |  | 3,997 |
Other current assets | 16,113 |  |  | — |  |  | 16,113 |
Property, plant and equipment, net | 15,679 |  |  | — |  |  | 15,679 |
Goodwill | 133,713 |  |  | (1,205 | ) |  | 132,508 |
Purchased intangible assets | 89,600 |  |  | — |  |  | 89,600 |
Other assets | 325 |  |  | — |  |  | 325 |
Total assets acquired | 451,371 |  |  | (1,205 | ) |  | 450,166 |
Liabilities assumed |  |  |  |  |
Accounts payable | (8,481 | ) |  | — |  |  | (8,481 | )
Accrued liabilities | (19,345 | ) |  | (25 | ) |  | (19,370 | )
Long-term income tax payable | (3,796 | ) |  | — |  |  | (3,796 | )
Deferred tax liability | (27,972 | ) |  | 1,230 |  |  | (26,742 | )
Total liabilities assumed | (59,594 | ) |  | 1,205 |  |  | (58,389 | )
Net assets acquired | $ | 391,777 |  |  | $ | — |  |  | $ | 391,777 |
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination |
Purchased Intangible Assets | Useful Life |  | April 1, 2014
| (in years) |  | (in thousands)
Core/developed technology | 10 |  | $ | 68,900 |
In-process technology | 10 |  | 1,900 |
Customer-related | 2 |  | 17,700 |
Backlog | 1 |  | 1,100 |
|  |  | $ | 89,600 |
Business Acquisition, Pro Forma Information | The following unaudited pro-forma consolidated results of operations for the three months ended June 30, 2014 and 2013 assume the Supertex acquisition occurred as of April 1, 2013. The pro-forma results of operations are presented for informational purposes only and are not indicative of the results of operations that would have been achieved if the acquisition had taken place on April 1, 2013 or of results that may occur in the future (amounts in thousands):
| Three Months Ended |  | Six Months Ended
| September 30, |  | September 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Net sales | $ | 546,243 |  |  | $ | 510,418 |  |  | $ | 1,077,588 |  |  | $ | 986,939 |
Net income | 98,391 |  |  | 91,271 |  |  | 203,896 |  |  | 152,235 |
Basic earnings per share | $ | 0.49 |  |  | $ | 0.46 |  |  | $ | 1.02 |  |  | $ | 0.77 |
Diluted earnings per share | $ | 0.44 |  |  | $ | 0.42 |  |  | $ | 0.91 |  |  | $ | 0.71 |

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&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://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=39739317&loc=d3e4845-128472 + Details
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