XML 45 R27.htm IDEA: XBRL DOCUMENT v3.6.0.2

BUSINESS ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2016

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

The purchase price allocation of $52.0 million, net of $7.2 million in cash acquired, is as follows:

	October 29, 2014
	(in thousands)
Current assets (excluding cash)	$	4,669
Property, plant and equipment	1,637
Definite-lived intangible assets	23,920
Goodwill	34,775
Current liabilities	(3,486		)
Long-term liabilities	(9,486		)
Total purchase price allocation	$	52,029

The purchase price allocation of $212.2 million, net of $2.3 million of cash acquired, was as follows:

	July 24, 2015
	(in thousands)
Trade receivables (contractual amount of $5,410)	$	5,288
Inventories	10,103
Other current assets (excluding cash)	13,269
Property, plant and equipment	4,639
Definite-lived intangible assets	118,140
Goodwill	105,550
Other long-term assets	537
Current debt	(9,766		)
Other current liabilities	(7,136		)
Long-term liabilities	(28,388		)
Total purchase price allocation	$	212,236

The purchase price allocation of $62.0 million, net of $2.9 million of cash acquired, was as follows:

	September 28, 2016
	(in thousands)
Trade receivables (contractual amount of $4,799)	$	4,799
Other current assets (excluding cash)	1,509
Property, plant and equipment	3,907
Other long-term assets	11
Definite-lived intangible assets	21,900
Goodwill	43,899
Current liabilities	(3,987		)
Long-term liabilities	(10,013		)
Total purchase price allocation	$	62,025

The purchase price allocation of $183.6 million, net of $8.2 million of cash acquired, was as follows:

	April 1, 2014
	(in thousands)
Current assets (excluding cash)	$	31,682
Property, plant and equipment	21,008
Other long-term assets	11,140
Definite-lived intangible assets	104,470
Goodwill	65,235
Current liabilities	(13,139		)
Long-term liabilities	(36,802		)
Total purchase price allocation	$	183,594

The purchase price allocation of $9.6 million, net of less than $0.1 million of cash acquired, was as follows:

	May 5, 2015
	(in thousands)
Trade receivables (contractual amount of $995)	$	965
Inventories	1,518
Other current assets (excluding cash)	973
Property, plant and equipment	13,698
Definite-lived intangible assets	3,400
Current liabilities	(925		)
Long-term liabilities	(250		)
Fair value of net assets acquired	19,379
Bargain purchase gain	(9,821		)
Total purchase price allocation	$	9,558

The purchase price allocation of $577.4 million, net of $27.4 million of cash acquired, was as follows:

	April 4, 2016
	(in thousands)
Trade receivables (contractual amount of $48,625)	$	48,157
Inventories	2,296
Other current assets (excluding cash)	3,814
Property, plant and equipment	129,066
Other long-term assets	1,060
Definite-lived intangible assets	164,800
Goodwill	330,602
Deferred revenue	(39,103		)
Other current liabilities	(27,386		)
Long-term liabilities	(35,915		)
Total purchase price allocation	$	577,391

The purchase price allocation of $11.7 million, net of a non-significant amount of cash acquired, was as follows:

	June 27, 2016
	(in thousands)
Trade receivables (contractual amount of $1,104)	$	1,104
Other current assets (excluding cash)	15
Property, plant and equipment	912
Other long-term assets	187
Definite-lived intangible assets	1,230
Goodwill	10,477
Current liabilities	(1,132		)
Long-term liabilities	(1,044		)
Total purchase price allocation	$	11,749

The purchase price allocation of $35.4 million, net of $0.6 million of cash acquired, was as follows:

	November 18, 2015
	(in thousands)
Trade receivables (contractual amount of $3,546)	$	3,520
Inventories	129
Other current assets (excluding cash)	706
Property, plant and equipment	2,528
Definite-lived intangible assets	13,330
Goodwill	22,894
Other long-term assets	250
Current liabilities	(3,456		)
Long-term liabilities	(4,470		)
Total purchase price allocation	$	35,431

Finite-Lived Intangible Assets Acquired as Part of Business Combination

The breakout of definite-lived intangible assets acquired was as follows:

	Definite-Lived Intangible Assets				Weighted Average Amortization Life
	(in thousands)				(in years)
Client relationships	$	94,000			18
Backlog	5,900				1
Trademark and trade names	1,170				3
Leasehold interests	1,000				13
Other intangible assets	2,400				19
Total definite-lived intangible assets	$	104,470			17

The breakout of definite-lived intangible assets acquired was as follows:

	Definite-Lived Intangible Assets				Weighted Average Amortization Life
	(in thousands)				(in years)
Client relationships	$	7,146			19
Developed technology	5,960				19
Other intangible assets	224				3
Total definite-lived intangible assets	$	13,330			19

The breakout of definite-lived intangible assets acquired was as follows:

	Definite-Lived Intangible Assets				Weighted Average Amortization Life
	(in thousands)				(in years)
Client relationships	$	137,500			15
Developed technology	20,700				3
Backlog	6,600				1
Total definite-lived intangible assets	$	164,800			13

The breakout of definite-lived intangible assets acquired is as follows:

	Definite-Lived Intangible Assets				Weighted Average Amortization Life
	(in thousands)				(in years)
Client relationships	$	19,000			13
Other intangible assets	4,920				9
Total definite-lived intangible assets	$	23,920			12

The breakout of definite-lived intangible assets acquired was as follows:

	Definite-Lived Intangible Assets				Weighted Average Amortization Life
	(in thousands)				(in years)
Client relationships	$	16,700			17
Other intangible assets	5,200				4
Total definite-lived intangible assets	$	21,900			14

The breakout of definite-lived intangible assets acquired was as follows:

	Definite-Lived Intangible Assets				Weighted Average Amortization Life
	(in thousands)				(in years)
Client relationships	$	650			10
Other intangible assets	580				5
Total definite-lived intangible assets	$	1,230			7

The breakout of definite-lived intangible assets acquired was as follows:

	Definite-Lived Intangible Assets				Weighted Average Amortization Life
	(in thousands)				(in years)
Client relationships	$	71,000			16
Developed technology	39,140				14
Trademark and trade names	5,200				14
Non-compete	2,800				5
Total definite-lived intangible assets	$	118,140			15

Business Acquisition, Pro Forma Information

The following selected unaudited pro forma consolidated results of operations are presented as if the WIL Research acquisition had occurred as of the beginning of the period immediately preceding the period of acquisition after giving effect to certain adjustments. For fiscal year 2016, these adjustments included additional amortization of intangible assets and depreciation of fixed assets of $0.4 million, reversal of interest expense on borrowings of $2.6 million, elimination of intercompany activity and other one-time costs, and the tax impacts of these adjustments. For fiscal year 2015, these adjustments included additional amortization of intangible assets and depreciation of fixed assets of $13.6 million, reversal of interest expense on borrowings of $10.5 million, inclusion of acquisition-related transaction costs of $11.5 million, elimination of intercompany activity and other one-time costs, and the tax impacts of these adjustments.

	Fiscal Year
	2016				2015
	(in thousands, except per share amounts)
	(unaudited)
Revenue	$	1,741,964			$	1,578,133
Net income attributable to common shareholders	175,779				153,974
Earnings per common share:
Basic	$	3.74			$	3.31
Diluted	$	3.67			$	3.23

The following selected unaudited pro forma consolidated results of operations are presented as if the Argenta and BioFocus acquisition had occurred as of the beginning of the period immediately preceding the period of acquisition after giving effect to certain adjustments, including amortization of intangible assets and depreciation of fixed assets of $3.7 million and other nonrecurring costs.

	Fiscal Year
	2014
	(in thousands, except per share amounts)
	(unaudited)
Revenue	$	1,322,771
Net income attributable to common shareholders	128,195
Earnings per common share:
Basic	$	2.75
Diluted	$	2.70

The following selected unaudited pro forma consolidated results of operations are presented as if the Celsis acquisition had occurred as of the beginning of the period immediately preceding the period of acquisition after giving effect to certain nonrecurring costs and other adjustments, resulting in a reversal of $0.6 million and additional expenses of $13.1 million for fiscal years 2015 and 2014, respectively, related to depreciation and amortization of property, plant and equipment, inventory fair value adjustments and intangible assets.

	Fiscal Year
	2015				2014
	(in thousands, except per share amounts)
	(unaudited)
Revenue	$	1,380,493			$	1,329,025
Net income attributable to common shareholders	162,672				110,387
Earnings per common share:
Basic	$	3.50			$	2.37
Diluted	$	3.42			$	2.32

X

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)-(3)
-URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463

+ Details

Name:	us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_BusinessCombinationsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination.

+ References

No definition available.

+ Details

Name:	us-gaap_FiniteLivedAndIndefiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1486-128463

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463

+ Details

Name:	us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration