XML 28 R12.htm IDEA: XBRL DOCUMENT
v3.21.2

Business Combinations | 12 Months Ended
--- | ---
Apr. 30, 2021
Business Combinations [Abstract] |
Business Combinations | 4. Business Combinations Fiscal 2021 Acquisitions Cloud Jumper Corporation Acquisition On April 28, 2020, we acquired all the outstanding shares of privately-held Cloud Jumper Corporation (Cloud Jumper), a provider of virtual desktop infrastructure and remote desktop services solutions based in North Carolina, for $34 million in cash. The acquisition date fair values of the assets acquired and liabilities assumed are as follows (in millions):
|  | Amount |
Developed technology |  | $ | 16 |
Customer contracts/relationships |  |  | 6 |
Goodwill |  |  | 12 |
Other assets |  |  | 1 |
Total assets acquired |  |  | 35 |
Liabilities assumed |  |  | (1 | )
Total purchase price |  | $ | 34 |
Spot, Inc. Acquisition On July 9, 2020, we acquired all the outstanding shares of privately-held Spot, Inc. (Spot), a provider of compute management cost optimization services on the public clouds based in Israel, for $340 million in cash. The acquisition of Spot will allow us to establish an application driven infrastructure for the continuous optimization of both compute and storage, which we believe will facilitate customers deploying more applications to the cloud. The acquisition date fair values of the assets acquired and liabilities assumed are as follows (in millions):
|  | Amount |
Cash |  | $ | 24 |
Intangible assets |  |  | 84 |
Goodwill |  |  | 249 |
Other assets |  |  | 6 |
Total assets acquired |  |  | 363 |
Liabilities assumed |  |  | (23 | )
Total purchase price |  | $ | 340 |
The components of the Spot intangible assets acquired were as follows (in millions, except useful life):
|  |  |  |  |  | Estimated useful life |
|  | Amount |  |  | (years) |
Developed technology |  | $ | 53 |  |  |  | 5 |
Customer contracts/relationships |  |  | 28 |  |  |  | 5 |
Trade name |  |  | 3 |  |  |  | 3 |
Total intangible assets |  | $ | 84 |  |  |  |  |
The acquired assets and assumed liabilities of Spot and Cloud Jumper were recorded at their estimated fair values. We determined the estimated fair values with the assistance of valuations and appraisals performed by third party specialists and estimates made by management. We expect to realize revenue synergies, leverage and expand the existing Spot and Cloud Jumper sales channels and product development resources, and utilize their existing workforces. We also anticipate opportunities for growth through the ability to leverage additional future products and capabilities. These factors, among others, contributed to a purchase price in excess of the estimated fair value of their identifiable net assets acquired, and as a result, we have recorded goodwill in connection with both of these acquisitions. The goodwill is not deductible for income tax purposes. The results of operations related to the acquisition of both Spot and Cloud Jumper have been included in our consolidated statements of income from their respective acquisition dates. Pro forma results of operations have not been presented because the impact from these acquisitions would not have been material to our consolidated results of operations for each of the fiscal years ended April 30, 2021 and April 24, 2020. Fiscal 2020 Acquisitions Talon Storage Solutions, Inc. Acquisition On March 6, 2020, we acquired all the outstanding shares of privately-held Talon Storage Solutions, Inc., a provider of next generation software-defined storage solutions, for $23 million in cash. The acquisition date fair values of the assets acquired and liabilities assumed are as follows (in millions):
|  | Amount |
Cash |  | $ | 2 |
Developed technology intangible asset |  |  | 6 |
Customer contracts/relationships |  |  | 4 |
Other assets |  |  | 4 |
Goodwill |  |  | 13 |
Total assets acquired |  |  | 29 |
Liabilities assumed |  |  | (6 | )
Total purchase price |  | $ | 23 |
Cognigo Research Ltd. Acquisition On May 23, 2019, we acquired all the outstanding shares of privately-held Cognigo Research Ltd., a provider of data discovery classification software designed to manage and protect critical data, for $53 million in cash. The acquisition date fair values of the assets acquired and liabilities assumed are as follows (in millions):
|  | Amount |
Cash |  | $ | 2 |
Developed technology intangible asset |  |  | 26 |
Goodwill |  |  | 30 |
Total assets acquired |  |  | 58 |
Liabilities assumed |  |  | (5 | )
Total purchase price |  | $ | 53 |
Fiscal 2019 Acquisition On September 17, 2018, we acquired all of the outstanding shares of a privately-held software company for $3 million in cash. Substantially all of the purchase price was recorded to goodwill.

X
- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
Name: | us-gaap_BusinessCombinationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration