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Acquisitions (Tables) | 6 Months Ended
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Jun. 29, 2014
Prosoft Technology, Inc. [Member] |
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 June 11, 2014 (in thousands).
Cash |  | $ | 2,492 |
Receivables |  |  | 6,026 |
Inventories |  |  | 7,001 |
Other current assets |  |  | 615 |
Property, plant and equipment |  |  | 1,151 |
Goodwill |  |  | 55,281 |
Intangible assets |  |  | 37,400 |
Other non-current assets |  |  | 78 |
Total assets |  | $ | 110,044 |
Accounts payable |  | $ | 2,455 |
Accrued liabilities |  |  | 1,654 |
Other non-current liabilities |  |  | 935 |
Total liabilities |  | $ | 5,044 |
Net assets |  | $ | 105,000 |
Intangible Assets Related to Acquisition | The preliminary intangible assets related to the acquisition consisted of the following:
|  |  |  | Preliminary Estimated Fair Value |  |  | Amortization Period |
|  |  | (In thousands) |  |  | (In years) |
| Intangible assets subject to amortization: |  |  |  |  |  |  |  |
| Customer relationships |  | $ | 22,000 |  |  |  | 10.0 |
| Developed technologies |  |  | 10,000 |  |  |  | 4.0 |
| Backlog |  |  | 400 |  |  |  | 0.3 |
| Total intangible assets subject to amortization |  |  | 32,400 |  |  |  |  |
| Intangible assets not subject to amortization: |  |  |  |  |  |  |  |
| Goodwill |  |  | 55,281 |  |  |  |  |
| Trademarks |  |  | 5,000 |  |  |  |  |
| Total intangible assets not subject to amortization |  |  | 60,281 |  |  |  |  |
| Total intangible assets |  | $ | 92,681 |  |  |  |  |
| Weighted average amortization period |  |  |  |  |  |  | 8.0 |
Grass Valley [Member] |
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 March 31, 2014 (in thousands).
Cash |  | $ | 9,397 |
Receivables |  |  | 73,324 |
Inventories |  |  | 19,777 |
Other current assets |  |  | 4,172 |
Property, plant and equipment |  |  | 23,071 |
Goodwill |  |  | 106,176 |
Intangible assets |  |  | 95,500 |
Other non-current assets |  |  | 26,919 |
Total assets |  | $ | 358,336 |
Accounts payable |  | $ | 50,870 |
Accrued liabilities |  |  | 58,633 |
Deferred revenue |  |  | 14,000 |
Postretirement benefits |  |  | 15,604 |
Other non-current liabilities |  |  | 1,199 |
Total liabilities |  | $ | 140,306 |
Net assets |  | $ | 218,030 |
Intangible Assets Related to Acquisition | The preliminary intangible assets related to the acquisition consisted of the following:
|  |  |  | Preliminary Estimated Fair Value |  |  | Amortization Period |
|  |  | (In thousands) |  |  | (In years) |
| Intangible assets subject to amortization: |  |  |  |  |  |  |  |
| Developed technologies |  | $ | 37,000 |  |  |  | 5.0 |
| Customer relationships |  |  | 27,000 |  |  |  | 15.0 |
| Backlog |  |  | 1,500 |  |  |  | 0.3 |
| Total intangible assets subject to amortization |  |  | 65,500 |  |  |  |  |
| Intangible assets not subject to amortization: |  |  |  |  |  |  |  |
| Goodwill |  |  | 106,176 |  |  |  |  |
| Trademarks |  |  | 22,000 |  |  |  |  |
| In-process research and development |  |  | 8,000 |  |  |  |  |
| Total intangible assets not subject to amortization |  |  | 136,176 |  |  |  |  |
| Total intangible assets |  | $ | 201,676 |  |  |  |  |
| Weighted average amortization period |  |  |  |  |  |  | 9.0 |
Grass Valley And Prosoft [Member] |
Pro Forma Effect on Operating Results | The following table illustrates the unaudited pro forma effect on operating results as if the Grass Valley and ProSoft acquisitions had been completed as of January 1, 2013.
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 29, 2014 |  |  | June 30, 2013 |  |  | June 29, 2014 |  |  | June 30, 2013 |
|  | (In thousands, except per share data) |
|  | (Unaudited) |
Revenues |  | $ | 614,635 |  |  | $ | 620,291 |  |  | $ | 1,178,259 |  |  | $ | 1,202,101 |
Income from continuing operations |  |  | 10,718 |  |  |  | 19,937 |  |  |  | 12,625 |  |  |  | 9,924 |
Diluted income per share from continuing operations |  | $ | 0.24 |  |  | $ | 0.45 |  |  | $ | 0.29 |  |  | $ | 0.22 |

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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=39739317&loc=d3e4845-128472 + Details
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