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Business Combinations (Tables)

12 Months Ended

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

(In thousands)		Sumitomo				SmartRG
Assets
Tangible assets acquired		$	1,006			$	8,594
Intangible assets			22,100				9,960
Goodwill			—				3,476
Total assets acquired			23,106				22,030
Liabilities
Liabilities assumed			(3,978	)			(6,001	)
Total liabilities assumed			(3,978	)			(6,001	)
Total net assets			19,128				16,029
Gain on bargain purchase of a business, net of tax			(11,322	)			—
Total purchase price		$	7,806			$	16,029

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

Our Consolidated Statements of Income include the following revenue and net loss attributable to SmartRG and Sumitomo since the date of acquisition:

(In thousands)		March 19, 2018 to December 31, 2018
Revenue		$	9,186
Net loss		$	(1,297	)

Details of the Acquired Intangible Assets

The details of the acquired intangible assets from the SmartRG and Sumitomo acquisitions are as follows:

(In thousands)		Value				Life (in 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 as if the acquisition of SmartRG and Sumitomo had occurred on January 1, 2017. 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, 2017, nor is it indicative of any future results. Aside from revising the 2017 net income for the effect of the bargain purchase gains, there were no material, non-recurring adjustments to this unaudited pro-forma information.

(In thousands)		2018				2017
Pro forma revenue		$	559,050			$	702,573
Pro forma net loss		$	(33,862	)		$	33,206

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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

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-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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- Definition

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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- 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.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
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