Business Acquisition (Tables)

9 Months Ended

Oct. 02, 2011

Business Combinations [Abstract]

Purchase price comprised of business acquisition

The total purchase price was comprised of the following:

	Purchase Price
	(In thousands)
Cash consideration (1)	$	321,088
Estimated fair value of replacement stock options related to precombination service	553
Total purchase price	$	321,641

 __________

⁽¹⁾  Cash consideration does not include cash acquired.

Allocation of purchase price to tangible assets acquired and liabilities assumed

The allocation of the Pliant purchase price to the tangible assets acquired and liabilities assumed as of May 24, 2011 is summarized below.

	Acquired Tangible Assets and Liabilities
	(In thousands)
Cash	$	3,439
Other assets	16,810
Total assets	20,249
Accounts payable	(11,614		)
Other current liabilities	(21,138		)
Total current liabilities	(32,752		)
Non-current liabilities	(9,949		)
Total liabilities assumed	(42,701		)
Net tangible liabilities acquired	$	(22,452	)

Fair values assigned to tangible assets, intangible assets acquired and liabilities assumed

The following table presents the allocation of the Pliant purchase price:

	Purchase Price Allocation
	(In thousands)
Net tangible liabilities acquired	$	(22,452	)
Intangible assets:
Developed technology	161,400
Trademarks	5,300
Customer relationships	12,200
In-process research and development	36,200
Covenants not to compete	700
Total intangible assets	215,800
Goodwill	154,899
Net deferred tax asset	(26,606		)
Total purchase price	$	321,641