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Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 2013
Fair Value of Assets Acquired and Liabilities Assumed | The following table summarizes the estimated fair value of the assets acquired and the liabilities assumed as of December 10, 2012 (in thousands).
Cash |  | $ | 6,874 |
Receivables |  |  | 27,082 |
Inventories |  |  | 45,370 |
Other current assets |  |  | 468 |
Property, plant and equipment |  |  | 28,020 |
Goodwill |  |  | 277,005 |
Intangible assets |  |  | 164,500 |
Other non-current assets |  |  | 134 |
Total assets |  | $ | 549,453 |
Accounts payable |  | $ | 22,499 |
Accrued liabilities |  |  | 3,916 |
Other long-term liabilities |  |  | 646 |
Total liabilities |  |  | 27,061 |
Net assets |  | $ | 522,392 |
Intangible Assets Related to Acquisition | Intangible assets related to the PPC acquisition consisted of the following:
|  | Estimated Fair Value |  |  | Amortization Period |
|  | (In thousands) |  |  | (In years) |
Intangible assets subject to amortization: |  |  |  |  |  |  |  |
Developed technologies |  | $ | 76,000 |  |  |  | 5.0 |
Customer relationships |  |  | 55,000 |  |  |  | 20.0 |
Backlog |  |  | 1,500 |  |  |  | 0.5 |
Total intangible assets subject to amortization |  |  | 132,500 |  |  |  |  |
Intangible assets not subject to amortization: |  |  |  |  |  |  |  |
Goodwill |  |  | 277,005 |  |  |  |  |
In-process research and development |  |  | 5,000 |  |  |  |  |
Trademarks |  |  | 27,000 |  |  |  |  |
Total intangible assets not subject to amortization |  |  | 309,005 |  |  |  |  |
Total intangible assets |  | $ | 441,505 |  |  |  |  |
Weighted average amortization period |  |  |  |  |  |  | 11.2 |
Pro Forma Effect on Operating Results | The following table illustrates the unaudited pro forma effect on operating results as if the Miranda and PPC acquisitions had been completed as of January 1, 2011.
|  | Three Months Ended July 1, 2012 |  |  | Six Months Ended July 1, 2012 |
|  | (In thousands, except per share data) |
|  | (Unaudited) |
Revenues |  | $ | 560,487 |  |  | $ | 1,096,399 |
Income from continuing operations |  |  | 42,274 |  |  |  | 65,384 |
Diluted income per share from continuing operations |  | $ | 0.91 |  |  | $ | 1.40 |

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- 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=25497992&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 + Details
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