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Acquisitions (Tables) | 3 Months Ended
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Mar. 31, 2019
Polaris Alpha |
Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed on Preliminary Purchase Price Allocation | The following table summarizes the estimated fair values of the assets acquired and liabilities assumed based on preliminary purchase price allocation as of the date of acquisition (in thousands):
|  | Amount |
Cash and cash equivalents |  | $ | 7,914 |
Accounts receivable |  |  | 29,688 |
Contract assets |  |  | 35,229 |
Prepaid expenses and other current assets |  |  | 9,295 |
Property and equipment |  |  | 9,024 |
Goodwill |  |  | 243,471 |
Intangible assets |  |  | 199,520 |
Other noncurrent assets |  |  | 2,203 |
Accounts payable |  |  | (13,942 | )
Accrued expenses and other current liabilities |  |  | (26,419 | )
Contract liabilities |  |  | (3,529 | )
Deferred tax liabilities |  |  | (2,231 | )
Other long-term liabilities |  |  | (1,146 | )
Net assets acquired |  | $ | 489,077 |
Schedule of Intangible Assets Value on Purchase Price | Of the total purchase price, the following values were assigned to intangible assets (in thousands, except for years):
|  | Gross Carrying Amount |  |  | Amortization Period
|  |  |  |  |  | (in years)
Developed technology |  | $ | 84,900 |  |  | 4
Customer relationships |  |  | 76,000 |  |  | 8
Backlog |  |  | 34,900 |  |  | 2
Trade name |  |  | 3,600 |  |  | 1
Leases |  | $ | 120 |  |  | 6
Schedule of Supplemental Pro Forma Information (Unaudited) | Supplemental information on an unaudited pro forma operating results assuming the Polaris Alpha acquisition had been consummated as of the beginning of fiscal year 2018 (December 31, 2017) (in thousands) is as follows:
|  | Three Months Ended |
|  | March 30, 2018 |
Pro forma revenue |  | $ | 840,487 |
Pro forma net income |  | $ | 10,532 |
OGSystems |
Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed on Preliminary Purchase Price Allocation | The following table summarizes the estimated fair values of the assets acquired and liabilities assumed based on preliminary purchase price allocation as of the date of acquisition (in thousands):
|  | Amount |
Cash and cash equivalents |  | $ | 5,772 |
Accounts receivable |  |  | 9,904 |
Contract assets |  |  | 9,747 |
Prepaid expenses and other current assets |  |  | 4,307 |
Property and equipment |  |  | 4,085 |
Right of use assets, operating leases |  |  | 8,826 |
Goodwill |  |  | 183,567 |
Intangible assets |  |  | 92,300 |
Other noncurrent assets |  |  | 10 |
Accounts payable |  |  | (5,450 | )
Accrued expenses and other current liabilities |  |  | (7,147 | )
Contract liabilities |  |  | (1,300 | )
Short-term lease liabilities, operating leases |  |  | (805 | )
Income tax payable |  |  | (1,469 | )
Deferred tax liabilities |  |  | (931 | )
Long-term lease liabilities, operating leases |  |  | (8,021 | )
Other long-term liabilities |  |  | (1,015 | )
Net assets acquired |  | $ | 292,380 |
Schedule of Intangible Assets Value on Purchase Price | Of the total purchase price, the following values were assigned to intangible assets (in thousands, except for years):
|  | Gross Carrying Amount |  |  | Amortization Period
|  |  |  |  |  | (in years)
Customer relationships |  | $ | 57,100 |  |  | 5
Backlog |  |  | 27,700 |  |  | 3
Trade name |  |  | 3,800 |  |  | 2
Non compete agreements |  |  | 2,400 |  |  | 3
Developed technologies |  | $ | 1,300 |  |  | 3

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