Business Acquisitions (Tables)

12 Months Ended

Dec. 31, 2017

Acquired Intangible Assets

The $472.5 million of acquired intangible assets are as follows (in thousands):

	Preliminary Estimated Fair value		Estimated Weighted Average Life (years)
Technology and patents	$	265,000		6.8
Customer contracts and relationships		100,000		7.0
In-process research and development		50,000		indefinite
Trademarks and tradenames		22,500		10.0
Backlog		35,000		0.5
Total estimated fair value of intangible assets	$	472,500

Ruckus Wireless and ICX Switch business (Ruckus Networks)

Summary of Fair Value of Consideration Transferred

The following table summarizes the fair value of consideration transferred for Ruckus Networks (in thousands):

Cash consideration	$	779,743
Estimated working capital adjustments		(16,371	)
Non-cash consideration (1)		(2,359	)
Total consideration transferred	$	761,013

(1) Non-cash consideration represents $2.4 million settlement of preexisting payables and receivables between Ruckus Networks and ARRIS.

Summary of Estimated Fair Values of Net Assets Acquired

The following is a summary of the estimated fair values of the net assets acquired (in thousands):

	Amounts Recognized as of Acquisition Date
Total estimated consideration transferred	$	761,013
Cash and cash equivalents		18,958
Accounts receivables		32,940
Inventories		48,897
Prepaids and other		4,836
Property, plant & equipment		33,500
Intangible assets		472,500
Other assets		39,528
Accounts payable and accrued liabilities		(17,216	)
Other current liabilities		(9,666	)
Deferred revenue		(47,718	)
Noncurrent deferred income tax liabilities, net		(92,233	)
Other noncurrent liabilities		(41,347	)
Net assets acquired		442,979
Goodwill	$	318,034