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Acquisitions (Tables)

12 Months Ended

Dec. 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 fair values of the assets acquired and liabilities assumed as of the date of acquisition (in thousands):

		Polaris Alpha
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

Supplemental information on an unaudited pro forma basis, as if the acquisition closed as of the beginning of the fiscal year ended December 29, 2017 as follows (in thousands):

		2017				2018
		(unaudited)				(unaudited)
Pro forma Revenue		$	3,361,626			$	3,713,804
Pro forma Net Income including noncontrolling interest			58,356				225,861

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 the 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			183,540
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			(1,178	)
Deferred tax liabilities			(1,195	)
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

Schedule of Supplemental Pro Forma Information

Supplemental information of unaudited pro forma operating results assuming the OGSystems acquisition had been consummated as of the beginning of fiscal year 2018 (December 30, 2017) (in thousands) is as follows:

		2018				2019
		(unaudited)				(unaudited)
Pro forma Revenue		$	3,676,894			$	3,956,767
Pro forma Net Income including noncontrolling interests			205,961				134,046

QRC Technologies

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 the preliminary purchase price allocation as of the date of acquisition (in thousands):

		Amount
Cash and cash equivalents		$	5,925
Accounts receivable			5,587
Prepaid expenses and other current assets			5,727
Property and equipment			1,205
Right of use assets, operating leases			5,228
Goodwill			125,091
Intangible assets			76,200
Accounts payable			(1,567	)
Accrued expenses and other current liabilities			(4,025	)
Short-term lease liabilities, operating leases			(545	)
Long-term lease liabilities, operating leases			(4,683	)
Net assets acquired		$	214,143

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		$	49,800				12
Developed technologies			21,800			3 to 5
In-process research and development			1,800			3 to 5
Non-compete agreements			1,200				4
Trade name			800				2
Backlog			800				1

Schedule of Supplemental Pro Forma Information

Supplemental information of unaudited pro forma operating results assuming the QRC Technologies acquisition had been consummated as of the beginning of fiscal year 2018 (December 30, 2017) (in thousands) is as follows:

		2018				2019
		(unaudited)				(unaudited)
Pro forma Revenue		$	3,596,920			$	3,976,361
Pro forma Net Income			221,930				138,692

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