Business Combinations and Goodwill (Tables)

6 Months Ended

Jul. 04, 2015

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

(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	225,275
Total assets acquired	658,978
Liabilities assumed
Accounts payable and other accrued liabilities	47,735
Other current liabilities	1,252
Long-term liabilities	14,342
Redeemable noncontrolling interest	7,172
Total liabilities assumed	70,501
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

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

(In thousands)	Estimated Fair Value
Cash paid to Silicon Image shareholders	$	575,955
Cash paid for options and RSUs	2,976
Accrual for options and RSUs	4,407
Fair value of partially vested stock options and RSUs assumed	5,139
Total purchase consideration	$	588,477

Business acquisition, pro forma information

	Three Months Ended						Six Months Ended
(Dollars in thousands, except per share amounts)	July 4, 2015			June 28, 2014			July 4, 2015			June 28, 2014
Total revenues	$	106,460		$	158,856		$	239,958		$	317,054
Net loss attributable to common stockholders	$	(37,525	)	$	(2,654	)	$	(85,813	)	$	(30,895	)
Basic net loss per share	$	(0.32	)	$	(0.02	)	$	(0.73	)	$	(0.26	)
Diluted net loss per share	$	(0.32	)	$	(0.02	)	$	(0.73	)	$	(0.26	)