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Acquisitions (Tables)

12 Months Ended

Sep. 27, 2019

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the total estimated acquisition consideration (in thousands):

Cash consideration paid to AppliedMicro common stockholders	$	287,060
Common stock issued (9,544,125 shares of our common stock at $47.53 per share)	453,632
Equity consideration for vested "in-the-money" stock options and unvested restricted stock units	2,143
Fair value of the replacement equity awards attributable to pre-acquisition service	9,307
Total consideration paid, less cash acquired	$	752,142

Allocation of Purchase Price

We finalized the purchase accounting during the fiscal quarter ended June 29, 2018. The final purchase price allocation is as follows (in thousands):

	Final Allocation
Current assets				$	6,287
Intangible assets	19,000
Other assets	3,220
Total assets acquired	28,507
Current liabilities	2,311
Other liabilities	465
Total liabilities assumed	2,776
Net assets acquired	25,731
Consideration:
Cash paid upon closing, net of cash acquired	33,500
Goodwill	$	7,769

We finalized the purchase accounting during the fiscal quarter ended December 29, 2017. The final purchase price allocation is as follows (in thousands):

	Final Allocation
Current assets				$	69,881
Intangible assets	412,848
Assets held for sale	40,944
Other assets	9,800
Total assets acquired	533,473
Liabilities held for sale	4,444
Other liabilities	18,278
Total liabilities assumed	22,722
Net assets acquired	510,751
Consideration:
Cash paid upon closing	230,298
Common stock issued	455,775
Equity instruments issued	9,307
Total consideration	$	695,380
Goodwill	$	184,629

Components of Acquired Intangible Assets on a Preliminary Basis

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

	Included In Assets Held For Sale			Included In Retained Business				Useful Lives (Years)
Developed technology	$	9,600		$	78,448			7 years
Customer relationships	—			334,400				14 years
	$	9,600		$	412,848

Summary of Unaudited Supplemental Pro Forma Data

The following is a summary of AppliedMicro revenue and earnings included in our accompanying Consolidated Statements of Operations for the fiscal year ended September 29, 2017 (in thousands):

	Amount
Revenue	$	110,117
Loss from continuing operations	(27,222		)
Loss from discontinued operations	(44,599		)

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

	Fiscal Year Ended
	September 29, 2017
Revenue	$	755,728
Loss from continuing operations	(104,828		)
Loss from discontinued operations	(43,734		)

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Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

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