The following unaudited pro forma information for the first three months of fiscal years 2014 and 2013 presents consolidated information as if both the PocketSonics and the Ultrasonix acquisitions occurred on August 1, 2012, which is the first day of our fiscal year 2013:


(in millions, except per share)	For the Three Months Ended October 31
	2013			2012
Net revenue	$	110.1		$	128.1
Net (loss) income	$	(4.4	)	$	3.8
Net (loss) income per share, basic	$	(0.36	)	$	0.31
Net (loss) income per share, diluted	$	(0.36	)	$	0.30

Summary of Estimated Fair Values of Separately Identifiable Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair values of the separately identifiable assets acquired and liabilities assumed as of September 20, 2013:


(in millions)
Cash	$	0.5
Goodwill		6.9
IPR&D		11.5

Total assets acquired		18.9
Accounts payable and accrued expenses		(0.3	)
Deferred taxes		(4.1	)

Total liabilities assumed		(4.4	)

Total purchase price	$	14.5

Summary of Estimated Fair Values of Separately Identifiable Assets Acquired and Liabilities Assumed

The following table summarizes the purchase price allocation that includes the estimated fair values of the separately identifiable assets acquired and liabilities assumed as of March 2, 2013:


(in millions)
Cash		$	0.4
Accounts receivable (A)			6.5
Inventory (B)			9.4
Prepaids and other assets			2.9
Property, plant, and equipment			0.3
Goodwill			48.2
Intangible assets:
Developed technology (weighted-average useful life of 10 years)	5.9
Customer relationships (weighted-average useful life of 10.6 years)	18.5
Tradename (estimate useful life of 2 years)	0.9

Total intangible assets			25.3
Other assets			0.1

Total assets acquired			93.1
Accounts payable and accrued expenses			(5.4	)
Deferred revenue (B)			(0.8	)
Accrued warranty			(1.1	)
Debt			(0.8	)
Deferred taxes			(4.7	)

Total liabilities assumed			(12.8	)

Total purchase price		$	80.3

(A)	The gross amount due is $8.7 million, of which $2.2 million is expected to be uncollectible. We did not acquire any other class of receivables other than trade receivables as a result of the acquisition of Ultrasonix.

(B)

The inventory fair value adjustment of $3.7 million associated with the acquisition was fully amortized as of October 31, 2013. The deferred revenue adjustment of $0.8 million associated with the acquisition will be amortized over 4.5 years. The inventory fair value and deferred revenue adjustments were recognized in product cost of sales and product revenue in our condensed consolidated statement of operations, respectively.