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Business Combinations
 9 Months Ended
Jan. 23, 2015
Business Combinations [Abstract]  
Business Combinations

4. Business Combinations

On October 27, 2014, we completed the acquisition of certain assets related to Riverbed Technology, Inc.’s SteelStore product line for $79.1 million in cash. The SteelStore product line supports leading backup applications and cloud providers so that customers have a choice in how they extend their existing data protection infrastructure into the cloud.

In addition, on the same date, we acquired certain intangible assets from a privately-held software developer for $5.5 million in cash.

Following are the preliminary fair values of assets acquired and liabilities assumed as of the closing date (in millions):

 

Prepaid expenses and other current assets

 

$

2.7

 

Finite-lived intangible assets

 

 

31.8

 

Goodwill

 

 

43.2

 

Deferred income taxes

 

 

6.9

 

Other non-current assets

 

 

1.1

 

Total assets acquired

 

 

85.7

 

Deferred revenues

 

 

(1.1

)

Total purchase price

 

$

84.6

 

The results of operations related to these acquisitions have been included in our condensed consolidated statements of operations from the acquisition date. Pro forma results of operations have not been presented because the acquisitions were not material to our results of operations.