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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 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 |  |  | 1,076 |
Goodwill |  |  | 56,193 |
Intangible assets |  |  | 40,800 |
Other non-current assets |  |  | 622 |
Total assets |  | $ | 110,631 |
Accounts payable |  | $ | 2,851 |
Accrued liabilities |  |  | 2,545 |
Other non-current liabilities |  |  | 1,132 |
Total liabilities |  | $ | 6,528 |
Net assets |  | $ | 104,103 |
Intangible Assets Related to Acquisition | The intangible assets related to the acquisition consisted of the following:
|  | 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 |  |  | 56,193 |  |  |  |  |
Total intangible assets not subject to amortization |  |  | 56,193 |  |  |  |  |
Total intangible assets |  | $ | 96,993 |  |  |  |  |
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 |  | $ | 9,441 |
Receivables |  |  | 68,766 |
Inventories |  |  | 19,984 |
Deferred taxes |  |  | 1,355 |
Other current assets |  |  | 4,172 |
Property, plant and equipment |  |  | 22,661 |
Goodwill |  |  | 119,589 |
Intangible assets |  |  | 95,500 |
Other non-current assets |  |  | 17,108 |
Total assets |  | $ | 358,576 |
Accounts payable |  | $ | 51,276 |
Accrued liabilities |  |  | 57,374 |
Deferred revenue |  |  | 14,000 |
Postretirement benefits |  |  | 16,538 |
Other non-current liabilities |  |  | 1,199 |
Total liabilities |  | $ | 140,387 |
Net assets |  | $ | 218,189 |
Intangible Assets Related to Acquisition | The intangible assets related to the acquisition consisted of the following:
|  | 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 |  |  | 119,589 |  |  |  |  |
Trademarks |  |  | 22,000 |  |  |  |  |
In-process research and development |  |  | 8,000 |  |  |  |  |
Total intangible assets not subject to amortization |  |  | 149,589 |  |  |  |  |
Total intangible assets |  | $ | 215,089 |  |  |  |  |
Weighted average amortization period |  |  |  |  |  |  | 9.0 |
PPC Broadband, 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 December 10, 2012 (in thousands).
Cash |  | $ | 6,874 |
Receivables |  |  | 26,612 |
Inventories |  |  | 45,465 |
Other current assets |  |  | 868 |
Property, plant and equipment |  |  | 26,856 |
Goodwill |  |  | 277,091 |
Intangible assets |  |  | 164,500 |
Other non-current assets |  |  | 1,308 |
Total assets |  | $ | 549,574 |
Accounts payable |  | $ | 22,499 |
Accrued liabilities |  |  | 4,104 |
Other long-term liabilities |  |  | 579 |
Total liabilities |  | $ | 27,182 |
Net assets |  | $ | 522,392 |
Intangible Assets Related to Acquisition | Intangible assets related to the PPC acquisition consisted of the following:
|  | 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 |  |  | 277,091 |  |  |  |  |
In-process research and development |  |  | 5,000 |  |  |  |  |
Trademarks |  |  | 27,000 |  |  |  |  |
Total intangible assets not subject to amortization |  |  | 309,091 |  |  |  |  |
Total intangible assets |  | $ | 441,591 |  |  |  |  |
Weighted average amortization period |  |  |  |  |  |  | 11.2 |
Miranda Technologies 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 July 27, 2012 (in thousands).
Cash |  | $ | 33,324 |
Receivables |  |  | 27,592 |
Inventories |  |  | 31,109 |
Other current assets |  |  | 1,924 |
Property, plant and equipment |  |  | 23,930 |
Goodwill |  |  | 161,206 |
Intangible assets |  |  | 159,991 |
Total assets |  | $ | 439,076 |
Accounts payable |  | $ | 23,917 |
Accrued liabilities |  |  | 5,730 |
Current deferred tax liabilities |  |  | 844 |
Other long-term liabilities |  |  | 8,699 |
Non-current deferred tax liabilities |  |  | 25,207 |
Total liabilities |  | $ | 64,397 |
Net assets |  | $ | 374,679 |
Intangible Assets Related to Acquisition | Intangible assets related to the acquisition consisted of the following:
|  |  |  |  | Amortization |
|  | Fair Value |  |  | Period |
|  | (In thousands) |  |  | (In years) |
Intangible assets subject to amortization: |  |  |  |  |  |  |  |
Developed technologies |  | $ | 69,132 |  |  |  | 4.0 |
Customer relationships |  |  | 44,442 |  |  |  | 20.0 |
Backlog |  |  | 3,950 |  |  |  | 1.0 |
Total intangible assets subject to amortization |  |  | 117,524 |  |  |  |  |
Intangible assets not subject to amortization: |  |  |  |  |  |  |  |
Goodwill |  |  | 161,206 |  |  |  |  |
Trademarks |  |  | 35,554 |  |  |  |  |
In-process research and development |  |  | 6,913 |  |  |  |  |
Total intangible assets not subject to amortization |  |  | 203,673 |  |  |  |  |
Total intangible assets |  | $ | 321,197 |  |  |  |  |
Weighted average amortization period |  |  |  |  |  |  | 9.9 |
PPC Broadband and Miranda Technologies [Member] |
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.
|  | Year Ended |
|  | December 31, 2012 |
|  | (In thousands, except per share data) |
|  | (Unaudited) |
Revenues |  | $ | 2,163,302 |
Income from continuing operations |  |  | 78,827 |
Diluted income per share from continuing operations |  | $ | 1.72 |
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.
|  | Year ended December 31, |
|  | 2014 |  |  | 2013 |
|  | (In thousands, except per share data) |
|  | (Unaudited) |
Revenues |  | $ | 2,401,200 |  |  | $ | 2,420,099 |
Income from continuing operations |  |  | 67,956 |  |  |  | 66,874 |
Diluted income per share from continuing operations |  | $ | 1.54 |  |  | $ | 1.49 |

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