Business Combination

9 Months Ended

Jan. 24, 2014

Business Combination

5.  Business Combination

On November 14, 2012, we acquired all of the outstanding shares of CacheIQ, Inc., a privately-held storage solutions company based in Texas, for $89.8 million in cash and $1.2 million in equity. This acquisition provides us with technology that extends our capabilities to support non-disruptive operations for enterprise data center environments. We will integrate this technology into our product offerings over time.

Following are the fair value of assets acquired and liabilities assumed as of the closing date (in millions):

Cash	$	0.4
Other current assets		4.0
Finite-lived intangible assets		22.0
Goodwill		72.9
Other assets		0.9
Total assets acquired		100.2
Current liabilities		(0.5	)
Deferred income taxes		(8.7	)
Total purchase price	$	91.0

The results of operations of CacheIQ have been included in our condensed consolidated statements of operations from the acquisition date. Pro forma results of operations have not been presented because the acquisition was not material to our results of operations.