Acquisitions (Tables)

12 Months Ended

Dec. 29, 2013

Allocation of the purchase price to the assets acquired and liabilities assumed

As of December 29, 2013, the allocation of the purchase price to the assets acquired and liabilities assumed on the acquisition date was as follows (in thousands):



	Allocation of purchase price
Cash and cash equivalents	$	9,151
Accounts receivable	2,801
Inventory	1,110
Prepaid expenses and other current assets	979
Property and equipment	12,083
Other assets	978
Intangible assets	176,490
Goodwill	227,453
Accounts payable	(2,539		)
Accrued liabilities	(3,803		)
Lease financing obligation	(9,695		)
Deferred tax liability	(18,741		)
Total purchase price	$	396,267

Fair value of identifiable intangible assets acquired

The following table summarizes the fair value of identifiable intangible assets acquired (amounts in thousands):



	Weighted Average Useful Lives (in years)	Fair Value
Developed technology	13	$	170,200
Customer relationships	5	4,690
Trade name	2	1,600
Total intangible assets acquired, excluding goodwill		$	176,490

Pro forma information

The following unaudited pro forma information presents the consolidated results of operations of the Company as if the acquisitions completed during the year ended December 29, 2013 had occurred at the beginning of the applicable annual reporting period, with pro forma adjustments to give effect to intercompany transactions to be eliminated, amortization of intangible assets, share-based compensation, and transaction costs directly associated with the acquisitions (in thousands, except per share amounts):



	Years Ended
	December 29, 2013		December 30, 2012
Net revenues	$	1,433,935	$	1,161,241
Net income	$	113,869	$	92,645
Net income per share-basic	$	0.91	$	0.75
Net income per share-diluted	$	0.81	$	0.69

Contingent compensation expense and IPR&D charges

Contingent compensation expenses and IPR&D charges as a result of acquisitions consist of the following (in thousands):



	Years Ended
	December 29, 2013		December 30, 2012		January 1, 2012
Contingent compensation expense, included in research and development expense	$	544	$	3,419	$	4,799
Contingent compensation expense, included in selling, general and administrative expense	13,066		5,732		1,258
Total contingent compensation expense	$	13,610	$	9,151	$	6,057
IPR&D, included in acquisition related expense (gain), net	$	—	$	—	$	5,425