Business Acquisitions (Tables)

9 Months Ended

Sep. 30, 2015

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed and Weighted Average Useful Life

Our preliminary allocation of the total purchase price for each transaction is summarized below:     

	Mach4		Avantec		Total
	(In thousands)
Cash	$	397	$	3,392	$	3,789
Accounts receivable	3,743		3,607		7,350
Inventory	3,580		1,428		5,008
Deferred tax assets and other current assets	368		89		457
Total current assets	8,088		8,516		16,604
Property and equipment	463		—		463
Intangibles	7,710		6,341		14,051
Goodwill	10,539		15,606		26,145
Other non-current assets	52		—		52
Total assets	26,852		30,463		57,315
Current liabilities	3,684		4,125		7,809
Non-current deferred tax liabilities	2,564		1,269		3,833
Deferred service revenue and gross profit	2,314		928		3,242
Other non-current liabilities	1,056		—		1,056
Total purchase price	$	17,234	$	24,141	$	41,375
Total purchase price, net of cash received	$	16,837	$	20,749	$	37,586

Intangible assets acquired and their respective estimated remaining useful lives over which each asset will be amortized are as follows:

	Mach4			Avantec
	Fair value		Weighted average useful life	Fair value		Weighted average useful life
	(In thousands)		(In years)	(In thousands)		(In years)
Developed technology	$	3,290	8	$	—	—
Trade name	850		6	92		2
Customer relationships	3,570		11-12	5,834		12
Backlog	—		—	415		2
Total purchased intangible assets	$	7,710		$	6,341

Pro Forma Information

As a result, actual results will differ from the unaudited pro forma information presented (in thousands, except per share

data):

	Nine months ended September 30,
	2015		2014
	(In thousands, except per share data)
Pro forma net revenues	$	361,217	$	340,915
Pro forma net income	$	23,742	$	22,511
Pro forma net income per share basic	$	0.66	$	0.63
Pro forma net income per share diluted	$	0.64	$	0.61