v3.4.0.3
Acquisitions (Tables)
6 Months Ended
Apr. 01, 2016
FiBest Limited [Member]  
Schedule of Aggregate Purchase Price Allocated to Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed

The preliminary allocation of purchase price as of April 1, 2016, is as follows (in thousands):

 

     Six Months
Ended April 1,

2016
 
     Preliminary
Allocation
 

Current assets

   $ 10,850   

Intangible assets

     45,650   

Other assets

     3,334   
  

 

 

 

Total assets acquired

     59,834   
  

 

 

 

Liabilities assumed:

  

Debt

     11,627   

Deferred income taxes

     12,932   

Other liabilities

     3,968   
  

 

 

 

Total liabilities assumed

     28,527   
  

 

 

 

Net assets acquired

     31,307   
  

 

 

 

Consideration:

  

Cash paid upon closing, net of cash acquired

     47,517   
  

 

 

 

Goodwill

   $ 16,210   
  

 

 

 
Components of Acquired Intangible Assets on a Preliminary Basis

The components of the acquired intangible assets on a preliminary basis were as follows (in thousands):

 

     Amount      Useful Lives
(Years)

Developed technology

   $ 9,400       7

Customer relationships

     36,250       10
  

 

 

    
   $ 45,650      
  

 

 

    
Summary of Revenue and Earnings

The following is a summary of FiBest revenue and earnings included in MACOM’s accompanying condensed consolidated statements of operations for the three and six months ended months ended April 1, 2016 (in thousands):

 

     Three Months
Ended
     Six Months
Ended
 

Revenue

   $ 8,435       $ 11,105   

Loss before income taxes

     (1,747      (2,558
Summary of Unaudited Supplemental Pro Forma Data

This pro forma data is presented for informational purposes only and does not purport to be indicative of our future results of operations.

 

     Three Months Ended      Six Months Ended  
     April 1,
2016
     April 3,
2015
     April 1,
2016
     April 3,
2015
 

Revenue

   $ 133,579       $ 109,763       $ 256,979       $ 213,651   

Net loss

     (11,531      (8,798      (26,785      (19,115
Aeroflex/Metelics Inc [Member]  
Schedule of Aggregate Purchase Price Allocated to Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed

The adjusted allocation of purchase price as of April 1, 2016, is as follows (in thousands):

 

     Preliminary
Allocation
     Allocation
Adjustments
     Adjusted
Allocation
 

Current assets

   $ 15,250       $ (1,835      13,415   

Intangible assets

     19,700         —           19,700   

Other assets

     6,249         —           6,249   
  

 

 

    

 

 

    

 

 

 

Total assets acquired

     41,199         (1,835      39,364   
  

 

 

    

 

 

    

 

 

 

Liabilities assumed:

        

Other liabilities

     7,401         —           7,401   
  

 

 

    

 

 

    

 

 

 

Total liabilities assumed

     7,401         —           7,401   
  

 

 

    

 

 

    

 

 

 

Net assets acquired

     33,798         (1,835      31,963   
  

 

 

    

 

 

    

 

 

 

Consideration:

        

Cash paid upon closing, net of cash acquired

     38,000         —           38,000   
  

 

 

    

 

 

    

 

 

 

Goodwill

   $ 4,202       $ 1,835       $ 6,037   
  

 

 

    

 

 

    

 

 

 
Components of Acquired Intangible Assets on a Preliminary Basis

The components of the acquired intangible assets on a preliminary basis were as follows (in thousands):

 

     Amount      Useful Lives
(Years)

Developed technology

   $ 1,000       7

Customer relationships

     18,700       10
  

 

 

    
   $ 19,700      
  

 

 

    
Summary of Revenue and Earnings

The following is a summary of Metelics revenue and earnings included in our accompanying condensed consolidated statements of operations for the three and six months ended April 1, 2016 (in thousands):

 

     Three Months
Ended
     Six Months
Ended
 

Revenue

   $ 10,345       $ 12,252   

Loss before income taxes

     (220      (174
Summary of Unaudited Supplemental Pro Forma Data

This pro forma data is presented for informational purposes only and does not purport to be indicative of our future results of operations.

 

     Three Months Ended      Six Months Ended  
     April 1,
2016
     April 3,
2015
     April 1,
2016
     April 3,
2015
 

Revenue

   $ 133,579       $ 112,009       $ 258,189       $ 219,392   

Net loss

     (10,119      (7,995      (25,703      (15,748
BinOptics Corporation [Member]  
Schedule of Aggregate Purchase Price Allocated to Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed

The final allocation of purchase price as of January 1, 2016, is as follows (in thousands):

 

     October 2, 2015
Allocation
     Allocation
Adjustments
     January 1, 2016
Adjusted
Allocation
 

Current assets

   $ 23,674       $ (1,100    $ 22,574   

Intangible assets

     136,900         400         137,300   

Other assets

     9,194         —           9,194   
  

 

 

    

 

 

    

 

 

 

Total assets acquired

     169,768         (700      169,068   
  

 

 

    

 

 

    

 

 

 

Liabilities assumed:

        

Debt

     2,535         —           2,535   

Deferred income taxes

     33,345         99         33,444   

Other liabilities

     13,106         —           13,106   
  

 

 

    

 

 

    

 

 

 

Total liabilities assumed

     48,986         99         49,085   
  

 

 

    

 

 

    

 

 

 

Net assets acquired

     120,782         (799      119,983   
  

 

 

    

 

 

    

 

 

 

Consideration:

        

Cash paid upon closing, net of cash acquired

     208,352         —           208,352   
  

 

 

    

 

 

    

 

 

 

Goodwill

   $ 87,570       $ 799       $ 88,369   
  

 

 

    

 

 

    

 

 

 
Components of Acquired Intangible Assets on a Preliminary Basis

The components of the acquired intangible assets were as follows (in thousands):

 

     Amount      Useful Lives
(Years)

Developed technology

   $ 17,500       7

Customer relationships

     119,800       10
  

 

 

    
   $ 137,300      
  

 

 

    
Summary of Unaudited Supplemental Pro Forma Data

This pro forma data is presented as of April 3, 2015 for informational purposes only and does not purport to be indicative of our future results of operations.

 

     Three Months
Ended
     Six Months
Ended
 
     April 3, 2015      April 3, 2015  

Revenue

   $ 104,387       $ 237,966   

Net loss

     (11,387      (14,750