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Acquisitions (Tables)
6 Months Ended
Jun. 29, 2025
Business Combinations [Abstract]  
Summary of Allocation of Total Purchase Price

Based upon a preliminary valuation, the total purchase price was allocated as follows:

 

 

 

Purchase Price Allocation

 

 

 

(in thousands)

 

Goodwill

 

$

83,068

 

Intangible Assets

 

 

43,600

 

Tangible assets acquired and liabilities assumed:

 

 

 

Current assets

 

 

6,148

 

Long-term deferred tax assets

 

 

6,271

 

Other non-current assets

 

 

2,516

 

Accounts payable and current liabilities

 

 

(1,609

)

Long-term deferred tax liabilities

 

 

(12,208

)

Other long-term liabilities

 

 

(548

)

Total purchase price

 

$

127,238

 

Summary of Components of Intangible Assets and their Estimated Useful Lives at Acquisition Date Components of these intangible assets and their estimated useful lives at the acquisition date are as follows:

 

 

 

Fair Value

 

 

Estimated Useful Life

 

 

 

(in thousands)

 

 

(in years)

 

Developed technology

 

$

38,600

 

 

 

10.0

 

Trademarks and tradenames

 

 

4,400

 

 

 

10.0

 

Customer relationships

 

 

600

 

 

 

8.0

 

Total Intangible Assets

 

$

43,600

 

 

 

10.0