Subsequent Events Subsequent Events (Tables)

6 Months Ended

Apr. 30, 2016

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

Due to the limited amount of time since the completion of the acquisition, the purchase price allocation was based on a preliminary valuation of the assets acquired and liabilities assumed and could change materially as the Company finalizes the fair values of the tangible and intangible assets acquired and liabilities assumed. The following table summarizes the preliminary allocation of the purchase price for the Ruckus acquisition (in thousands):



Assets acquired:
Cash and cash equivalents	$	59,714
Restricted cash	5,000
Short-term investments	166,934
Accounts receivable, net of allowance for doubtful accounts of $800	80,256
Inventories	64,000
Prepaid expenses and other current assets	9,185
Property and equipment, net	27,888
Identifiable intangible assets	422,000
Non-current deferred tax assets	70,944
Other assets	1,767
Total assets acquired	907,688
Liabilities assumed:
Accounts payable	23,074
Accrued employee compensation	17,100
Deferred revenue	13,947
Other accrued liabilities	11,209
Non-current deferred revenue	10,420
Non-current deferred tax liability	172,265
Other non-current liabilities	3,274
Total liabilities assumed	251,289
Net assets acquired, excluding goodwill (a)	656,399
Total preliminary estimated purchase price (b)	1,245,090
Estimated goodwill (b) - (a)	$	588,691

Schedule of Intangible Assets Acquired as Part of Business Combination

Preliminary identified intangible assets and their respective useful lives are as follows (in thousands, except estimated useful life):



Intangible Asset	Approximate Fair Value		Estimated Useful Life (in years)
Trade name/trademark	$	48,000	12.50
Customer relationships	117,000		6.50
Developed technology	223,000		5.50
IPR&D ⁽¹⁾	34,000		N/A
Total intangible assets	$	422,000


⁽¹⁾	IPR&D will be accounted for as an indefinite-lived intangible asset until the underlying projects are completed or abandoned.

Schedule of Pro Forma Information

Consequently, actual results will differ from the unaudited pro forma financial information presented below (in thousands):



	Three Months Ended				Six Months Ended
	April 30, 2016		May 2, 2015		April 30, 2016		May 2, 2015
Unaudited pro forma consolidated results:
Pro forma revenues	$	623,143	$	627,917	$	1,296,807	$	1,276,670
Pro forma net income	$	31,203	$	60,324	$	115,421	$	88,107