Business Combinations (Tables) (Applimotion Inc.)

3 Months Ended

Apr. 03, 2015

Applimotion Inc.

Summary of Fair Values of Assets Acquired and Liabilities Assumed Purchase Price Allocation

Based upon a preliminary valuation, the total purchase price was allocated as follows (in thousands):

	PurchasePrice
	Allocation
Cash	$	317
Accounts receivable		1,821
Inventory		2,041
Prepaid expenses and other current assets		89
Property and equipment		308
Intangible assets		6,071
Goodwill		7,553
Total assets acquired		18,200
Accounts payable		964
Other liabilities		717
Deferred tax liabilities		2,248
Total liabilities assumed		3,929
Total assets acquired and liabilities assumed		14,271
Less: cash acquired		317
Plus: working capital adjustment		863
Total purchase price, net of cash acquired		14,817
Less: contingent consideration		965
Net cash used for acquisition of business	$	13,852

Fair Value of Intangible Assets

The preliminary fair value of intangible assets is comprised of the following (dollar amounts in thousands):

			Weighted Average
	Estimated Fair		Amortization
	Value		Period
Developed technology	$	2,684	10 years
Customer relationships		2,066	10 years
Non-compete covenant		684	4 years
Backlog		637	1 year
Total	$	6,071