XML 35 R23.htm IDEA: XBRL DOCUMENT
v3.22.0.1

ACQUISITION (Tables) | 9 Months Ended
--- | ---
Jan. 01, 2022
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The purchase price of $442.3 million, net of $47.3 million of cash acquired, consisted of the amounts presented below, which represent the preliminary determination of the fair value of the identifiable assets acquired and liabilities assumed:
(In thousands) | March 1, 2021
Accounts receivable | $ | 7,304 |
Inventories | 18,765 |
Prepaid expenses and other current assets | 850 |
Property, plant and equipment | 1,186 |
Intangible assets | 250,560 |
Goodwill | 253,966 |
Other long-term assets | 1,868 |
Total assets acquired | $ | 534,499 |
Accounts payable | 3,292 |
Accrued payroll and related costs | 58,211 |
Other liabilities | 1,853 |
Deferred tax liability | 27,102 |
Other long-term liabilities | 1,772 |
Total liabilities assumed | $ | 92,230 |
Net assets acquired | $ | 442,269 |
The following amounts represent the determination of the fair value of the identifiable assets acquired and liabilities assumed for enicor completed during fiscal 2021:
(In thousands) |  | April 1, 2020
Inventory |  | $ | 634 |
Other current assets |  | 685 |
Property, plant and equipment |  | 289 |
Intangible assets |  | 14,090 |
Goodwill |  | 8,153 |
Total assets acquired |  | $ | 23,851 |
Other current liabilities |  | 289 |
Deferred tax liability |  | 3,036 |
Total liabilities assumed |  | $ | 3,325 |
Net assets acquired |  | $ | 20,526 |
Intangible assets acquired consist of the following:
(In thousands) |  | Amount |  | Weighted-Average Amortization Period |  | Risk-Adjusted Discount Rates used in Purchase Price Allocation
Completed technology |  | $ | 13,441 |  |  | 10 Years |  | 20 | %
Customer relationships |  | 347 |  |  | 10 Years |  | 20 | %
Trademark |  | 302 |  |  | 10 Years |  | 20 | %
Total |  | $ | 14,090 |  |  |  |  |
Schedule of Acquired Finite-Lived Intangible Assets by Major Class | Intangible assets acquired consist of the following:
(In thousands) | Amount |  | Weighted-Average Amortization Period |  | Risk-Adjusted Discount Rates used in Purchase Price Allocation
Completed technology | $ | 213,290 |  |  | 13 years |  | 13.5 | %
Customer relationships | 18,166 |  |  | 12 years |  | 13.0 | %
Trademarks | 5,437 |  |  | 13 years |  | 13.5 | %
IPR&D | 13,667 |  |  | Indefinite |  | 15.0 | %
Total | $ | 250,560 |  |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration