Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jul. 03, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill Activity

The roll-forward of activity related to our goodwill was as follows (in thousands):

	Twenty-Six Weeks Ended
	July 3, 2016		June 28, 2015
Balance, beginning of period	$	145,607	$	170,773
Goodwill additions	108,002		4,100
Goodwill adjustments	3,672		(6,937		)
Balance, end of period	$	257,281	$	167,936

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The preliminary fair values of the assets acquired and liabilities assumed in the acquisition were recognized as follows (in thousands):

	Purchase Price Allocation
Current assets	$	64,335
Non-current assets	9,930
Deferred tax assets	207
Current liabilities	(23,859		)
Non-current liabilities	(7,889		)
Deferred tax liabilities	(1,244		)
Net tangible assets acquired	41,480
Intangible assets acquired:
Developed technology	10,500
In-process research and development	13,100
Customer relationships	6,900
Backlog	1,000
Total intangible assets acquired	31,500
Goodwill	109,246
Total	$	182,226

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

The acquired intangible assets are being amortized using the following methodologies and over the following estimated useful lives:

Intangible Asset	Amortization Methodology	Estimated Useful Life	Weighted Average Amortization Period
Developed technology	Straight-line	2 - 4 years	3.1 years
In-process research and development	Straight-line	3 years	3.0 years
Customer relationships	Straight-line	10 years	10.0 years
Backlog	Amortized when revenue is recognized	0.5 - 1.5 years	0.8 years
Total intangible assets			4.5 years

Schedule of Finite-Lived Intangible Assets by Major Class

The gross amount of our acquired intangible assets and the related accumulated amortization was as follows (in thousands):

	July 3, 2016			December 31, 2015
Patents, trademarks and other	$	25,865		$	24,278
Accumulated amortization	(16,436		)	(13,923		)
Net patents, trademarks and other	9,429			10,355
Customer relationships	28,565			21,245
Accumulated amortization	(9,944		)	(8,083		)
Net customer relationships	18,621			13,162
Developed technology	33,093			22,155
Accumulated amortization	(14,118		)	(10,517		)
Net developed technology	18,975			11,638
In-process research and development	15,806			2,669
Accumulated amortization	(2,054		)	(1,881		)
Net in-process research and development	13,752			788
Total intangible assets, net	$	60,777		$	35,943

Schedule of Amortization Expense by Major Class

Amortization expense was as follows (in thousands):

	Twenty-Six Weeks Ended
	July 3, 2016		June 28, 2015
Patents, trademarks and other	$	2,292	$	1,904
Customer relationships	1,701		1,332
Developed technology	3,434		1,753
In-process research and development	153		136
Total amortization expense	$	7,580	$	5,125

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Expected amortization, without consideration for foreign currency effects, is as follows over the next five years and thereafter (in thousands):

	Patents, Trademarks and Other		Customer Relationships		Developed Technology		In-Process Research and Development		Total
Remainder of 2016	$	1,106	$	1,716	$	3,513	$	153	$	6,488
2017	2,918		3,086		5,543		2,682		14,229
2018	2,133		3,002		2,910		4,367		12,412
2019	2,033		2,609		2,910		4,367		11,919
2020	1,215		2,295		1,535		2,183		7,228
Thereafter	24		5,913		2,564		—		8,501
Total future amortization expense	$	9,429	$	18,621	$	18,975	$	13,752	$	60,777