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BUSINESS ACQUISITIONS AND DIVESTITURE (Tables)
 6 Months Ended
Jun. 30, 2018
Business Combinations [Abstract]  
Summary of Purchase Price Allocation
The preliminary purchase allocation of $800.2 million, net of $27.7 million of cash acquired and a preliminary net working capital adjustment of $1.7 million, was as follows:
 
April 3, 2018
 
(in thousands)
Trade receivables (contractual amount of $35,073)
$
35,073

Inventories
4,463

Other current assets (excluding cash)
5,627

Property, plant and equipment
128,403

Goodwill
440,372

Definite-lived intangible assets
309,200

Other long-term assets
1,081

Deferred revenue
(22,600
)
Current liabilities
(32,788
)
Deferred tax liabilities
(66,379
)
Other long-term liabilities
(2,213
)
Total purchase price allocation
$
800,239

The preliminary purchase price allocation of $22.0 million, net of $1.0 million of cash acquired, was as follows:
 
January 11, 2018
 
(in thousands)
Trade receivables (contractual amount of $1,309)
$
1,309

Other current assets (excluding cash)
99

Property, plant and equipment
1,136

Definite-lived intangible assets - client relationships
3,647

Goodwill
18,165

Current liabilities
(1,575
)
Deferred revenue
(151
)
Long-term liabilities
(596
)
Total purchase price allocation
$
22,034

The purchase price allocation of $20.1 million, net of $0.6 million of cash acquired, was as follows:
 
August 4, 2017
 
(in thousands)
Trade receivables (contractual amount of $1,146)
$
1,146

Other current assets (excluding cash)
640

Property, plant and equipment
664

Other long-term assets
29

Definite-lived intangible assets
9,300

Goodwill
12,582

Current liabilities
(1,683
)
Deferred revenue
(405
)
Long-term liabilities
(2,151
)
Total purchase price allocation
$
20,122
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
$
264,900

 
13
Developed technology
23,400

 
3
Backlog
20,900

 
2
Total definite-lived intangible assets
$
309,200

 
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
$
7,000

 
13
Other intangible assets
2,300

 
10
Total definite-lived intangible assets
$
9,300

 
12
Carrying Amounts of Assets and Liabilities to be Disposed Of
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
Schedule of Business Acquisition, Pro Forma Information
For the six months ended July 1, 2017, these adjustments included additional amortization of intangible assets and depreciation of fixed assets of $11.4 million, additional interest expense on borrowings of $13.5 million, elimination of intercompany activity and other one-time costs, and the tax impacts of these adjustments.
 
Three Months Ended
 
Six Months Ended
 
June 30, 2018
 
July 1, 2017
 
June 30, 2018
 
July 1, 2017
 
(in thousands)
Revenue
$
585,297

 
$
504,710

 
$
1,141,388

 
$
1,031,198

Net income attributable to common shareholders
60,161

 
43,113

 
109,575

 
90,968

Earnings per common share
 
 
 
 
 
 
 
Basic
$
1.25

 
$
0.91

 
$
2.28

 
$
1.91

Diluted
$
1.23

 
$
0.89

 
$
2.24

 
$
1.88