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Acquisitions (Tables) | 9 Months Ended
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Sep. 28, 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 |  | $ | 2,517 |
Receivables |  |  | 5,559 |
Inventories |  |  | 3,624 |
Other current assets |  |  | 240 |
Property, plant and equipment |  |  | 1,061 |
Goodwill |  |  | 57,075 |
Intangible assets |  |  | 40,800 |
Other non-current assets |  |  | 622 |
Total assets |  | $ | 111,498 |
Accounts payable |  | $ | 2,851 |
Accrued liabilities |  |  | 2,515 |
Other non-current liabilities |  |  | 1,132 |
Total liabilities |  | $ | 6,498 |
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 |  | $ | 26,600 |  |  |  | 20.0 |
Developed technologies |  |  | 9,000 |  |  |  | 5.0 |
Trademarks |  |  | 5,000 |  |  |  | 5.0 |
Backlog |  |  | 200 |  |  |  | 0.3 |
Total intangible assets subject to amortization |  |  | 40,800 |  |  |  |  |
Intangible assets not subject to amortization: |  |  |  |  |  |  |  |
Goodwill |  |  | 57,075 |  |  |  |  |
Total intangible assets not subject to amortization |  |  | 57,075 |  |  |  |  |
Total intangible assets |  | $ | 97,875 |  |  |  |  |
Weighted average amortization period |  |  |  |  |  |  | 14.8 |
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 |  |  | 70,142 |
Inventories |  |  | 19,607 |
Other current assets |  |  | 4,172 |
Property, plant and equipment |  |  | 23,071 |
Goodwill |  |  | 118,733 |
Intangible assets |  |  | 95,500 |
Other non-current assets |  |  | 16,637 |
Total assets |  | $ | 357,259 |
Accounts payable |  | $ | 51,276 |
Accrued liabilities |  |  | 56,057 |
Deferred revenue |  |  | 14,000 |
Postretirement benefits |  |  | 16,538 |
Other non-current liabilities |  |  | 1,199 |
Total liabilities |  | $ | 139,070 |
Net assets |  | $ | 218,189 |
Intangible Assets Related to Acquisition | The preliminary intangible assets related to the acquisition consisted of the following:
|  | 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 |  |  | 118,733 |  |  |  |  |
Trademarks |  |  | 22,000 |  |  |  |  |
In-process research and development |  |  | 8,000 |  |  |  |  |
Total intangible assets not subject to amortization |  |  | 148,733 |  |  |  |  |
Total intangible assets |  | $ | 214,233 |  |  |  |  |
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 |  |  | Nine Months Ended |
|  | September 28, 2014 |  |  | September 29, 2013 |  |  | September 28, 2014 |  |  | September 29, 2013 |
|  | (In thousands, except per share data) |
|  | (Unaudited) |
Revenues |  | $ | 612,617 |  |  | $ | 609,760 |  |  | $ | 1,790,876 |  |  | $ | 1,851,860 |
Income from continuing operations |  |  | 36,036 |  |  |  | 70,399 |  |  |  | 49,645 |  |  |  | 81,707 |
Diluted income per share from continuing operations |  | $ | 0.82 |  |  | $ | 1.58 |  |  | $ | 1.12 |  |  | $ | 1.82 |

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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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