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Acquisitions (Tables) | 3 Months Ended
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Mar. 29, 2015
Tripwire [Member] |
Fair Value of Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary estimated fair value of the assets acquired and the liabilities assumed as of January 2, 2015 (in thousands).
Cash |  | $ | 2,364 |
Receivables |  |  | 37,792 |
Inventories |  |  | 603 |
Other current assets |  |  | 2,822 |
Property, plant and equipment |  |  | 11,113 |
Goodwill |  |  | 477,607 |
Intangible assets |  |  | 306,000 |
Other non-current assets |  |  | 658 |
Total assets |  | $ | 838,959 |
Accounts payable |  | $ | 3,142 |
Accrued liabilities |  |  | 11,546 |
Deferred revenue |  |  | 8,000 |
Deferred income taxes |  |  | 112,522 |
Other non-current liabilities |  |  | 540 |
Total liabilities |  | $ | 135,750 |
Net assets |  | $ | 703,209 |
Intangible Assets Related to Acquisition | The 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 technology |  | $ | 210,000 |  |  |  | 5.8 |
Customer relationships |  |  | 56,000 |  |  |  | 15.0 |
Backlog |  |  | 3,000 |  |  |  | 1.0 |
Total intangible assets subject to amortization |  |  | 269,000 |  |  |  |  |
Intangible assets not subject to amortization: |  |  |  |  |  |  |  |
Goodwill |  |  | 477,607 |  |  |  |  |
Trademarks |  |  | 31,000 |  |  |  |  |
In-process research and development |  |  | 6,000 |  |  |  |  |
Total intangible assets not subject to amortization |  |  | 514,607 |  |  |  |  |
Total intangible assets |  | $ | 783,607 |  |  |  |  |
Weighted average amortization period |  |  |  |  |  |  | 7.7 |
Pro Forma Effect on Operating Results | The following table illustrates the unaudited pro forma effect on operating results as if the Tripwire acquisition had been completed as of January 1, 2014.
|  | Three Months Ended |
|  | March 29, 2015 |  |  | March 30, 2014 |
|  | (In thousands, except per share data) |
|  | (Unaudited) |
Revenues |  | $ | 563,371 |  |  | $ | 499,491 |
Income (loss) from continuing operations |  |  | (215) |  |  |  | 1,927 |
Diluted income (loss) per share from continuing operations |  | $ | (0.01) |  |  | $ | 0.04 |
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 |  |  | 5,894 |
Inventories |  |  | 2,731 |
Other current assets |  |  | 240 |
Property, plant and equipment |  |  | 1,076 |
Goodwill |  |  | 56,379 |
Intangible assets |  |  | 40,800 |
Other non-current assets |  |  | 622 |
Total assets |  | $ | 110,259 |
Accounts payable |  | $ | 2,544 |
Accrued liabilities |  |  | 2,480 |
Other non-current liabilities |  |  | 1,132 |
Total liabilities |  | $ | 6,156 |
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 |  |  | 56,379 |  |  |  |  |
Total intangible assets not subject to amortization |  |  | 56,379 |  |  |  |  |
Total intangible assets |  | $ | 97,179 |  |  |  |  |
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 |  | $ | 9,451 |
Receivables |  |  | 67,354 |
Inventories |  |  | 18,593 |
Other current assets |  |  | 4,172 |
Property, plant and equipment |  |  | 22,460 |
Goodwill |  |  | 131,070 |
Intangible assets |  |  | 95,500 |
Other non-current assets |  |  | 17,101 |
Total assets |  | $ | 365,701 |
Accounts payable |  | $ | 51,276 |
Accrued liabilities |  |  | 62,672 |
Deferred revenue |  |  | 14,000 |
Postretirement benefits |  |  | 16,538 |
Deferred income taxes |  |  | 1,827 |
Other non-current liabilities |  |  | 1,199 |
Total liabilities |  | $ | 147,512 |
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 |  |  | 131,070 |  |  |  |  |
Trademarks |  |  | 22,000 |  |  |  |  |
In-process research and development |  |  | 8,000 |  |  |  |  |
Total intangible assets not subject to amortization |  |  | 161,070 |  |  |  |  |
Total intangible assets |  | $ | 226,570 |  |  |  |  |
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 March 30, 2014 |
|  | (In thousands, except per share data) |
|  | (Unaudited) |
Revenues |  | $ | 563,624 |
Income from continuing operations |  |  | 2,297 |
Diluted income per share from continuing operations |  | $ | 0.05 |

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