Acquisition and Divestitures (Tables)

9 Months Ended

Jul. 03, 2016

Schedule of Business Acquisitions by Acquisition, Contingent Consideration

A summary of the consideration for PMC is as follows:



Cash consideration	$	1,983.2
Share consideration	476.2
Assumption of equity awards	15.7
Accrued cash consideration	0.3
Total consideration	$	2,475.4

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

We recorded PMC's tangible and intangible assets and liabilities based on their estimated fair values as of the Acquisition Date and allocated the remaining purchase consideration to goodwill. The preliminary allocation is as follows:



Cash and cash equivalents	$	313.0
Accounts receivable	53.3
Inventories	98.2
Other current assets	15.8
Property and equipment	38.0
Other assets	19.7
Identifiable intangible assets	741.6
Goodwill	1,435.0
Deferred income taxes, net	(39.3		)
Current liabilities	(139.4		)
Other non-current liabilities	(60.5		)
Total consideration	$	2,475.4

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

The valuation of identifiable intangible assets and their estimated useful lives are as follows:



	Asset Amount		Weighted Average Useful Life (Years)
Completed technology	$	447.0	6
In-process research and development	241.0
Customer relationships	46.0		9
Other	7.6		1
	$	741.6

Business Acquisition, Pro Forma Information

Supplemental pro forma data is as follows:



	Nine Months Ended
	July 3, 2016		June 28, 2015
Net sales	$	1,354.4	$	1,311.5
Net income (loss)	46.9		(170.0		)
Earnings (loss) per share
Basic	$	0.42	$	(1.52	)
Diluted	$	0.41	$	(1.52	)