Business Combinations (Tables)

3 Months Ended

Mar. 30, 2018

Business Combination, Separately Recognized Transactions [Line Items]

The following table presents details of the Company’s total intangible assets:



As of	First Quarter of Fiscal 2018							Fiscal Year End 2017
	Gross							Gross
	Carrying		Accumulated			Net Carrying		Carrying		Accumulated			Net Carrying
(In millions)	Amount		Amortization			Amount		Amount		Amortization			Amount
Developed product technology	$	1,006.7	$	(762.7	)	$	244.0	$	915.3	$	(729.9	)	$	185.4
Trade names and trademarks	64.8		(49.9		)	14.9		58.7		(48.6		)	10.1
Customer relationships	564.8		(367.5		)	197.3		512.1		(351.3		)	160.8
Distribution rights and other intellectual properties	71.6		(61.6		)	10.0		69.2		(60.7		)	8.5
	$	1,707.9	$	(1,241.7	)	$	466.2	$	1,555.3	$	(1,190.5	)	$	364.8

Schedule Of Estimated Future Amortization Expense

The estimated future amortization expense of purchased intangible assets as of the end of the first quarter of fiscal 2018 was as follows:



(In millions)
2018 (Remaining)	$	111.1
2019	110.0
2020	80.6
2021	58.7
2022	40.4
Thereafter	65.4
Total	$	466.2

Changes In Carrying Amount Of Goodwill By Operating Segment

The changes in the carrying amount of goodwill by segment for the first quarter of fiscal 2018 were as follows:



	Buildings and Infrastructure		Geospatial			Resources and Utilities		Transportation			Total
(In millions)
Balance as of fiscal year end 2017	$	706.8	$	415.3		$	314.5	$	850.5		$	2,287.1
Additions due to acquisitions	415.6		—			—		—			415.6
Purchase price adjustments- prior years' acquisitions	—		—			—		(0.2		)	(0.2		)
Foreign currency translation adjustments	17.3		3.0			3.9		1.5			25.7
Divestiture (1)	—		(1.8		)	—		—			(1.8		)
Balance as of the end of the first quarter of fiscal 2018	$	1,139.7	$	416.5		$	318.4	$	851.8		$	2,726.4

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the consideration transferred to acquire e-Builder, the assets acquired and liabilities assumed and the estimated useful lives of the identifiable intangible assets as of the date of the acquisition:



	Estimated
(In millions)	Fair Value
Total purchase consideration	$	485.2
Net tangible assets acquired	1.5
Intangible assets acquired:				Estimated Useful Life
Developed product technology	60.5			7 years
Order backlog	1.7			6 months
Customer relationships	42.4			10 years
Trade name	4.8			7 years
Subtotal	109.4
Deferred tax liability	(19.6		)
Less fair value of all assets/liabilities acquired	91.3
Goodwill	$	393.9

Details of the net assets acquired are as follows:



	As of February 2, 2018
(In millions)
Cash and cash equivalents	$	2.5
Accounts receivable	14.2
Other receivables	43.9
Other current assets	0.7
Property and equipment, net	0.1
Other non-current assets	0.1
Accounts payable	(8.4		)
Accrued liabilities	(39.9		)
Deferred revenue liability	(11.7		)
Net tangible assets acquired	$	1.5

Business Acquisition, Pro Forma Information

The pro forma information for the first quarter of fiscal 2018 and 2017 is as follows:



	First Quarter of
Fiscal Period	2018		2017
(in millions, except per share data)
Revenue	$	750.5	$	620.9
Net income attributable to Trimble Inc.	74.4		47.1
Basic earnings per share	0.30		0.19
Diluted earnings per share	0.29		0.19

Series of Individually Immaterial Business Acquisitions [Member]

Business Combination, Separately Recognized Transactions [Line Items]

Business Combination, Separately Recognized Transactions

The following table summarizes the Company’s business combinations completed during the first quarter of fiscal 2018 including e-Builder (the acquisition of which is described below):



	First Quarter of
	2018
(In millions)
Fair value of total purchase consideration	$	526.9
Less fair value of net assets acquired:
Net tangible assets acquired	2.6
Identifiable intangible assets	135.0
Deferred income taxes	(26.3		)
Goodwill	$	415.6