Business Acquisition (Tables)

6 Months Ended

Jun. 30, 2018

The $494.7 million of acquired intangible assets are comprised of the following (in thousands):


	Preliminary Estimated Fair value		Estimated Weighted Average Life (years)
Technology and patents	$	217,900		5.4
Customer contracts and relationships		195,400		10.0
Tradenames		55,400		indefinite
Trademarks and tradenames		10,700		10.0
Backlog		15,300		0.3

Total estimated fair value of intangible assets	$	494,700

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 a $2.4 million settlement of preexisting payables and receivables between Ruckus Networks and ARRIS.

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


	Amounts Recognized as of Acquisition Date (a)			Adjustments			Amounts Recognized as of Acquisition Date (as adjusted)
Total estimated consideration transferred	$	761,013		$	—		$	761,013
Cash and cash equivalents		18,958			—			18,958
Accounts receivable, net		32,940			(7,910	)		25,030
Inventories		48,897			(461	)		48,436
Prepaids & other		4,836			(1,005	)		3,831
Property, plant & equipment		33,500			2,014			35,514
Intangible assets		472,500			22,200			494,700
Other assets		39,528			(37,872	)		1,656
Accounts payable and accrued liabilities		(17,216	)		2,350			(14,866	)
Other current liabilities		(9,666	)		(1,988	)		(11,654	)
Deferred revenue		(47,718	)		970			(46,748	)
Noncurrent deferred income tax liabilities		(92,233	)		(7,643	)		(99,876	)
Other noncurrent liabilities		(41,347	)		39,137			(2,210	)

Net assets acquired		442,979			9,792			452,771

Goodwill	$	318,034			(9,792	)	$	308,242

(a)	As previously reported as of December 31, 2017