Veloce

12 Months Ended

Mar. 31, 2016

Business Combinations [Abstract]

Veloce

Veloce

On June 20, 2012, the Company completed the acquisition of Veloce Technologies, Inc. ("Veloce") which developed specific ARM-based technology for the Company. The total purchase consideration for Veloce was $178.5 million, the payment of which has been subject to the completion of certain development milestones and vesting requirements. For accounting purposes, the costs incurred in connection with the development milestones relating to Veloce are considered compensatory and are recognized as R&D expense in the Consolidated Statement of Operations. Veloce completed all three performance milestones as of March 31, 2014 and the total consideration of $178.5 million has been recognized as R&D expense as of March 31, 2015.

The following table summarizes the cash payment and stock issuance activities as part of the above arrangement:

	Fiscal Years Ended March 31,
	2016		2015
	(In thousands)
Cash Payments	$	107	$	9,150
Value of common stock issued	2,869		5,625
Total Payments	$	2,976	$	14,775
Shares of common stock issued	517		1,054

As of March 31, 2016, $171.9 million of the total Veloce consideration has been paid in cash and stock and the Company expects the remaining $6.6 million will be paid in cash and stock by September 30, 2016. The $171.9 million paid to date includes $89.4 million in cash and the issuance of 11.2 millionshares of common stock valued at $82.5 million.