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Business Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 2015
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed and Weighted Average Useful Life | Our preliminary allocation of the total purchase price for each transaction is summarized below:
| Mach4 |  | Avantec |  | Total
| (In thousands)
Cash | $ | 397 |  |  | $ | 3,392 |  |  | $ | 3,789 |
Accounts receivable | 3,743 |  |  | 3,607 |  |  | 7,350 |
Inventory | 3,580 |  |  | 1,428 |  |  | 5,008 |
Deferred tax assets and other current assets | 368 |  |  | 89 |  |  | 457 |
Total current assets | 8,088 |  |  | 8,516 |  |  | 16,604 |
Property and equipment | 463 |  |  | — |  |  | 463 |
Intangibles | 7,710 |  |  | 6,341 |  |  | 14,051 |
Goodwill | 10,520 |  |  | 15,606 |  |  | 26,126 |
Other non-current assets | 52 |  |  | — |  |  | 52 |
Total assets | 26,833 |  |  | 30,463 |  |  | 57,296 |
Current liabilities | 3,684 |  |  | 4,125 |  |  | 7,809 |
Non-current deferred tax liabilities | 2,564 |  |  | 1,269 |  |  | 3,833 |
Deferred service revenue and gross profit | 2,314 |  |  | 928 |  |  | 3,242 |
Other non-current liabilities | 1,056 |  |  | — |  |  | 1,056 |
Total purchase price | $ | 17,215 |  |  | $ | 24,141 |  |  | $ | 41,356 |
Total purchase price, net of cash received | $ | 16,818 |  |  | $ | 20,749 |  |  | $ | 37,567 |
Intangible assets acquired and their respective estimated remaining useful lives over which each asset will be amortized are as follows:
| Mach4 | Avantec
| Fair Value |  | Weighted Average Useful life | Fair Value |  | Weighted Average Useful life
| (In thousands) |  | (In years) | (In thousands) |  | (In years)
Developed Technology | $ | 3,290 |  |  | 8 | $ | — |  |  | —
Trade name | 850 |  |  | 6 | 92 |  |  | 2
Customer relationships | 3,570 |  |  | 11-12 | 5,834 |  |  | 12
Backlog | — |  |  | — | 415 |  |  | 2
Total purchased intangible assets | $ | 7,710 |  |  |  | $ | 6,341 |  |  |
Pro Forma Information | As a result, actual results will differ from the unaudited pro forma information presented (in thousands, except per share data):
| Six Months Ended June 30,
| 2015 |  | 2014
| (In thousands, except per share data)
Pro forma net revenues | $ | 236,000 |  |  | $ | 220,000 |
Pro forma net income | $ | 15,700 |  |  | $ | 14,400 |
Pro forma net income per share basic | $ | 0.44 |  |  | $ | 0.41 |
Pro forma net income per share diluted | $ | 0.42 |  |  | $ | 0.39 |

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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=56956515&loc=d3e1392-128463 + 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=56956791&loc=d3e4845-128472 + Details
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