Veloce

3 Months Ended

Jun. 30, 2016

Business Combinations [Abstract]

VELOCE

VELOCE

In June 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 were considered compensatory and recognized as R&D expense in the Condensed Consolidated Statement of Operations. Veloce completed the 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:

	Three Months Ended June 30,
	2016		2015
	(In thousands)
Cash payments	$	8	$	65
Value of common stock issued	—		921
Total payments	$	8	$	986
Shares of common stock issued	—		163

As of June 30, 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 million shares of common stock valued at $82.5 million.