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Business Combinations (Tables)

3 Months Ended

Mar. 31, 2019

Business Combinations [Abstract]

Final Allocation of the Purchase Price to the Estimated Fair Value of the Assets Acquired and Liabilities Assumed

The final allocation of the purchase price to the estimated fair value of the assets acquired and liabilities assumed at the acquisition date for SmartRG and Sumitomo are as follows:

(In thousands)		SmartRG				Sumitomo
Assets
Tangible assets acquired		$	8,594			$	1,006
Intangible assets			9,960				22,100
Goodwill			3,489				—
Total assets acquired			22,043				23,106
Liabilities
Liabilities assumed			(6,001	)			(3,978	)
Total liabilities assumed			(6,001	)			(3,978	)
Total net assets			16,042				19,128
Gain on bargain purchase of a business, net of tax			—				(11,322	)
Total purchase price		$	16,042			$	7,806

Summary of Actual Revenue and Net Loss Included in Consolidated Statements of Income

The actual revenue and net loss included in the Consolidated Statements of Income for SmartRG and Sumitomo for the three months ended March 31, 2019 and from March 19, 2018 to March 31, 2018 are as follows:

		Three Months Ended				March 19 to
(In thousands)		March 31, 2019				March 31, 2018
Revenue		$	7,348			$	—
Net loss		$	(1,684	)		$	(77	)

Details of the Acquired Intangible Assets

The details of the acquired intangible assets from these acquisitions are as follows:

(In thousands)	Value				Life (years)
Customer relationships	$	15,190			3 – 12
Developed technology		7,400			7
Licensed technology		5,900			9
Supplier relationship		2,800			2
Licensing agreements		560			5 – 10
Trade name		210			3
Total	$	32,060

Summary of Unaudited Supplemental Pro Forma Information

The following unaudited supplemental pro forma information presents the financial results of the Company as if the acquisition of SmartRG and Sumitomo had occurred on January 1, 2018. This unaudited supplemental pro forma information does not purport to be indicative of what would have occurred had the acquisition been completed on January 1, 2018, nor is it indicative of any future results. Aside from revising the 2018 net income for the effect of the bargain purchase gain, there were no material, non-recurring adjustments to this unaudited pro forma information.

(In thousands)		For the Three Months Ended March 31, 2018
Pro forma revenue		$	129,584
Pro forma net loss		$	(23,400	)
Pro forma loss per share - basic		$	(0.49	)
Pro forma loss per share - diluted		$	(0.49	)

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Summary of actual revenue and net loss included in consolidated statements of income.

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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period.

+ 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)
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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.

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