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Agreement with SK hynix Agreement (Tables)
9 Months Ended
Sep. 30, 2013
Patent License Agreement [Abstract]  
Estimated fair value of settlement
The estimated Fair Value is determined as follows:
(in millions)
Estimated Fair Value
Antitrust litigation settlement
$
4.0

Settlement of past infringement
280.0

License agreement
250.0

Total Fair Value
$
534.0

Allocated consideration of settlement agreement
Based on the estimated Fair Value, the total consideration of $240.0 million was allocated to the following elements:
(in millions)
Allocated Consideration
Antitrust litigation settlement
$
1.9

Settlement of past infringement
125.8

License agreement
112.3

Total consideration
$
240.0

Schedule of cash receipts
The cumulative cash receipts through September 30, 2013 and the remaining future cash receipts from the agreements with SK hynix are expected to be recognized as follows assuming no adjustments to the payments under the terms of the agreements:
 
Received
to-date in
 
Estimated to Be Received in
 
Total Estimated
Cash Receipts
 
2013
 
Remainder
of 2013
 
2014
 
2015
 
2016
 
2017
 
2018
 
(in millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Royalty revenue
$
11.8

 
$
11.8

 
$
47.3

 
$
47.3

 
$
47.9

 
$
48.0

 
$
24.0

 
$
238.1

Gain from settlement
0.2

 
0.2

 
0.7

 
0.7

 
0.1

 

 

 
1.9

Total
$
12.0

 
$
12.0

 
$
48.0

 
$
48.0

 
$
48.0

 
$
48.0

 
$
24.0

 
$
240.0