Business Combinations

12 Months Ended

Apr. 24, 2015

Business Combinations [Abstract]

Business Combinations

5. Business Combinations

Fiscal 2015 Acquisitions

On October 27, 2014, we completed the acquisition of certain assets related to Riverbed Technology, Inc.’s SteelStore product line for $79.1 million in cash. The SteelStore product line supports leading backup applications and cloud providers so that customers have a choice in how they extend their existing data protection infrastructure into the cloud.

In addition, on the same date, we acquired certain intangible assets from a privately-held software developer for $5.5 million in cash.

The preliminary fair values of assets acquired and liabilities assumed as of the closing date are summarized as follows (in millions):

Prepaid expenses and other current assets	$	2.7
Finite-lived intangible assets		31.8
Goodwill		39.3
Deferred income taxes		10.8
Other non-current assets		1.1
Total assets acquired		85.7
Deferred revenue		(1.1	)
Total purchase price	$	84.6

The results of operations related to these acquisitions have been included in our consolidated statements of operations from the acquisition date. Pro forma results of operations have not been presented because the acquisitions were not material to our results of operations.

Fiscal 2013 Acquisitions

Consideration related to our fiscal 2013 acquisitions consisted of the following (in millions):

Cash	$	106.9
Equity		1.2
Total purchase price	$	108.1

The allocation of the purchase consideration for business combinations completed in fiscal 2013 is summarized as follows (in millions):

Net liabilities assumed	$	(5.1	)
Finite-lived intangible assets		30.3
Goodwill		82.9
Total purchase price	$	108.1