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Business Combinations (Tables)
12 Months Ended
Mar. 29, 2013
Clearwell Acquisition [Member]
 
Schedule Of Purchase Price Allocation

 

 

Net tangible assets (1)

$                    33

Intangible assets (2)

154 

Goodwill (3)

268 

Net tax liabilities

(63)

Total purchase price

$                  392

____________

 

(1) Net tangible assets included deferred revenue which was adjusted down from $13 million to $3 million, representing our estimate of the fair value of the contractual obligation assumed for support services.

 

(2) Intangible assets included customer relationships, developed technology, and trade names of $82 million, $60 million, and $12 million, respectively, which are amortized over their estimated useful lives of seven to nine years.    

 

(3) Goodwill is not tax deductible. The amount resulted primarily from our expectation of synergies from the integration of Clearwell product offerings with our existing product offerings.

LiveOffice, Inc. And Other Acquisitions [Member]
 
Schedule Of Purchase Price Allocation

 

 

 

 

 

 

 

 

LiveOffice

 

Other

 

Total

Acquisition date

January 13, 2012

 

March 2, 2012

 

 

Net tangible (liabilities) assets (1)

$                    (5)

 

$                    2

 

$                  (3)

Intangible assets (2)

51 

 

 

59 

Goodwill (3)

69 

 

26 

 

95 

Total purchase price

$                 115

 

$                  36

 

$               151

 

 

 

 

 

 

____________

 

(1) Net tangible (liabilities) assets included deferred revenue, which was adjusted down from $12 million to $6 million, representing our estimate of the fair value of the contractual obligation assumed for support services.

 

(2) Intangible assets included primarily developed technology of $44 million and customer relationships of $15 million, which are amortized over their estimated useful lives of four to ten years. The weighted-average estimated useful lives were 4.8 years for developed technology and 9.9 years for customer relationships.

 

(3) Goodwill is partially tax deductible. The goodwill amount resulted primarily from our expectation of synergies from the integration of the acquisitions’ product offerings with our existing product offerings.

Verisign [Member]
 
Schedule Of Purchase Price Allocation

 

 

Net tangible assets (1)

$                  178

Intangible assets (2)

628 

Goodwill (3)

602 

Net tax liabilities

(38)

Noncontrolling interest in VeriSign Japan (4)

(85)

Total purchase price

$               1,285

 

 

____________

 

(1) Net tangible assets included deferred revenue, which was adjusted down from $286 million to $68 million, representing our estimate of the fair value of the contractual obligation assumed for the support of the authentication business.

 

(2) Intangible assets included customer relationships of $226 million, developed technology of $123 million and trade names of $5 million, which are amortized over their estimated useful lives of 18 months to nine years. The weighted-average estimated useful lives were 8.0 years for customer relationships and 9.0 years for developed technology. Intangible assets also included indefinite-lived trade names and trademarks of $274 million.

 

(3) Goodwill is partially tax deductible. The goodwill amount resulted primarily from our expectation of synergies from the integration of VeriSign product offerings with our existing product offerings.

 

(4) The fair value of the noncontrolling interest was calculated on a market basis using the closing stock price of VeriSign Japan on the date of acquisition.

PGP Corporation [Member]
 
Schedule Of Purchase Price Allocation

 

 

Net tangible assets (1)

$                    7

Intangible assets (2)

74 

Goodwill (3)

225 

Total purchase price

$                306

 

 

____________

 

(1) Net tangible assets included deferred revenue, which was adjusted down from $55 million to $9 million, representing our estimate of the fair value of the contractual obligation assumed for support services.

 

(2) Intangible assets included customer relationships of $29 million, developed technology of $39 million, and definite-lived trade names of $3 million, which are amortized over their estimated useful lives of two to eight years. The weighted-average estimated useful lives were 8.0 years for customer relationships, 5.0 years for developed technology, and 2.0 years for definite-lived trade names. Intangible assets also included indefinite-lived in-process research and development (“IPR&D”) of $3 million.

 

(3) Goodwill is not tax deductible. The goodwill amount resulted primarily from our expectation of synergies from the integration of PGP product offerings with our existing product offerings.

GuardianEdge Technologies, Inc [Member]
 
Schedule Of Purchase Price Allocation

 

 

 

 

 

 

 

GuardianEdge

 

Others

 

Total

Acquisition date

June 3, 2010

 

Various

 

 

Net tangible assets (1)

$                    3

 

$                    -

 

$                    3

Intangible assets (2)

30 

 

 

36 

Goodwill (3)

40 

 

12 

 

52 

Total purchase price

$                  73

 

$                  18

 

$                  91

 

 

 

 

 

 

____________

 

(1) Net tangible assets included deferred revenue, which was adjusted down from $17 million to $2 million, representing our estimate of the fair value of the contractual obligation assumed for support services.

 

(2) Intangible assets included customer relationships of $24 million and developed technology of $12 million, which are amortized over their estimated useful lives of three to nine years. The weighted-average estimated useful lives were 9.0 years for customer relationships and 5.0 years for developed technology.

 

(3)            Goodwill is partially tax deductible. The goodwill amount resulted primarily from our expectation of synergies from the integration of the acquisitions’ product offerings with our existing product offerings.