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Business Acquisitions and Divestiture (Tables)
 6 Months Ended
Jul. 01, 2017
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition
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
330,175

Deferred revenue
(39,103
)
Other current liabilities
(27,386
)
Long-term liabilities
(35,488
)
Total purchase price allocation
$
577,391

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)
994

Property, plant and equipment
3,907

Other long-term assets
11

Definite-lived intangible assets
21,900

Goodwill
44,317

Current liabilities
(3,812
)
Long-term liabilities
(10,091
)
Total purchase price allocation
$
62,025

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
10,334

Current liabilities
(1,132
)
Long-term liabilities
(901
)
Total purchase price allocation
$
11,749
Definite-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
$
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 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
$
16,700

 
17
Other intangible assets
5,200

 
4
Total definite-lived intangible assets
$
21,900

 
14
Business Acquisition, Pro Forma Information
For the six months ended June 25, 2016, these adjustments included additional amortization of intangible assets and depreciation of fixed assets of $2.7 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.
 
June 25, 2016
 
Three Months Ended
 
Six Months Ended
 
(in thousands, except per share amounts)
Revenue
$
434,917

 
$
849,455

Net income attributable to common shareholders
44,159

 
89,222

Earnings per common share
 
 
 
Basic
$
0.94

 
$
1.90

Diluted
$
0.92

 
$
1.87
Carrying Amounts of Assets and Liabilities
As of February 10, 2017, the carrying amounts of the major classes of assets and liabilities associated with the divestiture of the CDMO business were as follows (in thousands):
Assets
 
Current assets
$
5,505

Property, plant and equipment, net
11,174

Goodwill
35,857

Long-term assets
17,154

Total assets
$
69,690

Liabilities
 
Deferred revenue
$
4,878

Other current liabilities
1,158

Total liabilities
$
6,036