XML 24 R33.htm IDEA: XBRL DOCUMENT v2.4.1.9
Business Combinations (Tables)
12 Months Ended
Dec. 31, 2014
PSP  
Schedule of Acquisition Date fair value of the consideration transferred net of cash acquired

 

 

Acquisition Date

 

 

 

(December 4, 2014)

 

 

 

(in thousands)

 

Amount paid, net of cash acquired

 

$

145,382 

 

Working capital adjustment

 

88 

 

Acquisition date fair value

 

$

145,470 

 

 

Summary of the estimated fair values of the assets acquired, net of cash acquired, and liabilities assumed

 

 

Acquisition Date

 

 

 

(December 4, 2014)

 

 

 

(in thousands)

 

Accounts receivable

 

$

9,383 

 

Inventory

 

13,812 

 

Other current assets

 

463 

 

Property, plant, and equipment

 

6,912 

 

Intangible assets

 

79,810 

 

Total identifiable assets acquired

 

110,380 

 

 

 

 

 

Accounts payable and accrued expenses

 

6,473 

 

Customer deposits

 

6,039 

 

Deferred tax liability, net

 

2,705 

 

Other

 

1,089 

 

Total liabilities assumed

 

16,306 

 

 

 

 

 

Net identifiable assets acquired

 

94,074 

 

Goodwill

 

51,396 

 

Net assets acquired

 

$

145,470 

 

 

Schedule of classes of intangible assets acquired and the estimated weighted-average useful life of each class

 

 

Acquisition Date

 

 

 

(December 4, 2014)

 

 

 

Amount

 

Useful life

 

 

 

(in thousands)

 

 

 

Technology

 

$

39,950 

 

 

10 years

 

Customer relationships

 

34,310 

 

 

14 years

 

Backlog

 

3,340 

 

 

6 months

 

Non-compete agreements

 

1,130 

 

 

2 years

 

Trademark and tradenames

 

1,080 

 

 

1 year

 

Intangible assets acquired

 

$

79,810 

 

 

 

 

 

Schedule of amounts of revenue and income (loss) from continuing operations before income taxes

The amounts of revenue and income (loss) from continuing operations before income taxes of PSP included in the Company’s consolidated statement of operations from the acquisition date (December 4, 2014) to the period ending December 31, 2014 are as follows:

 

 

 

Total

 

 

 

(in thousands)

 

Revenue

 

$

7,906

 

Loss from operations before income taxes

 

$

(3,011

)

 

Schedule of pro forma Consolidated Statement of Operations

 

 

December 31,

 

 

 

2014

 

2013

 

 

 

(in thousands)

 

Revenue

 

$

447,089

 

$

379,272

 

Loss from operations before income taxes

 

$

(68,715

)

$

(77,252

)

 

ALD  
Schedule of Acquisition Date fair value of the consideration transferred net of cash acquired

 

 

Acquisition Date

 

 

 

(October 1, 2013)

 

 

 

(in thousands)

 

Cash (net of cash acquired)

 

$

71,488

 

Contingent consideration

 

33,539

 

Working capital adjustment

 

(2,695

)

Acquisition date fair value

 

$

102,332

 

 

Summary of the estimated fair values of the assets acquired, net of cash acquired, and liabilities assumed

 

 

Acquisition Date

 

 

 

(October 1, 2013)

 

 

 

(in thousands)

 

Accounts receivable

 

$

1,523 

 

Inventory

 

386 

 

Other current assets

 

512 

 

Property, plant, and equipment

 

1,917 

 

Intangible assets

 

99,270 

 

Total identifiable assets acquired

 

103,608 

 

 

 

 

 

Current liabilities

 

4,370 

 

Estimated deferred tax liability, net

 

32,426 

 

Total liabilities assumed

 

36,796 

 

 

 

 

 

Net identifiable assets acquired

 

66,812 

 

Goodwill

 

35,520 

 

Net assets acquired

 

$

102,332 

 

 

Schedule of classes of intangible assets acquired and the estimated weighted-average useful life of each class

 

 

Acquisition Date

 

 

 

(October 1, 2013)

 

 

 

Amount

 

Uuseful life

 

 

 

(in thousands)

 

 

 

Technology

 

$

73,160 

 

14 years

 

Customer relationships

 

20,630 

 

8 years

 

In-process research and development

 

5,070 

 

To be determined

Trademarks and trade names

 

140 

 

1 year

 

Non-compete agreement

 

270 

 

3 years

 

Intangible assets acquired

 

$

99,270 

 

 

 

 

Schedule of pro forma Consolidated Statement of Operations

 

 

December 31,

 

 

 

2013

 

2012

 

 

 

(in thousands)

 

Revenue

 

  $

346,319 

 

  $

522,029 

 

Income (loss) from operations before income taxes

 

  $

(60,983)

 

  $

16,840