Business Combinations and Goodwill (Tables)

3 Months Ended

Apr. 04, 2015

Schedule of Business Acquisitions, by Acquisition

The preliminary fair value of the purchase price consideration consisted of the following:



(In thousands)	Estimated Fair Value
Cash paid to Silicon Image stockholders	$	575,955
Cash paid for options and restricted stock units	2,205
Accrual for options and restricted stock units	5,178
Fair value of partially vested assumed equity awards	5,139
Total purchase consideration	$	588,477

Our preliminary allocation of the total purchase price is as follows:



(In thousands)	Estimated Fair Value
Assets acquired:
Cash, cash equivalents and short-term investments	$	157,923
Accounts receivable	30,677
Inventory	20,839
Other current assets	7,183
Property, plant and equipment	23,429
Other non-current assets	1,573
Intangible assets	192,079
Goodwill	223,890
Total assets acquired	657,593
Liabilities assumed
Accounts payable and other accrued liabilities	46,350
Other current liabilities	1,252
Long-term liabilities	14,342
Redeemable noncontrolling interest	7,172
Total liabilities assumed	69,116
Fair value of net assets acquired	$	588,477

The following table presents details of the identified intangible assets acquired through the acquisition of Silicon Image:



(In thousands)	Asset Life in Years	Fair Value
Developed technology	3-5	$	125,000
Customer relationships	4-7	29,458
Licensed technology	3-5	1,852
Patents	5	769
Total identified finite-lived intangible assets		157,079
In-process research and development	indefinite	35,000
Total identified intangible assets		$	192,079

Business acquisition, pro forma information

The unaudited pro forma financial information for the three months ended March 29, 2014 combined the historical results of the Company for the three months ended March 29, 2014, the historical results of Silicon Image for the three months ended March 29, 2014, and the effects of the pro forma adjustments described above.



	Three Months Ended
(Dollars in thousands, except per share amounts)	April 4, 2015			March 29, 2014
Total revenues	$	133,498		$	158,198
Net loss attributable to common stockholders	$	(48,288	)	$	(28,241	)
Basic net loss per share	$	(0.41	)	$	(0.24	)
Diluted net loss per share	$	(0.41	)	$	(0.24	)