Business combinations (Tables)

6 Months Ended

Dec. 31, 2013

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The estimated purchase price has been allocated to Enterasys’ tangible and identifiable intangible assets acquired and liabilities assumed on a preliminary basis as follows (in thousands):




	Amount
Cash	$	4,969
Receivables	25,699
Inventory	33,662
Other current assets	8,888
Property and equipment	23,122
Identifiable intangible assets	108,900
In-process research and development	3,000
Deferred tax assets	9
Other assets	7,343
Goodwill	57,922
Current liabilities	(75,394		)
Other long term liabilities	(13,151		)
Total purchase price allocation	$	184,969
Less: Cash acquired from acquisition	(4,969		)
Total purchase price consideration, net of cash acquired	$	180,000

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

The following table presents details of the preliminary identifiable intangible assets acquired as part of the acquisition (in thousands):



Intangible Assets	Estimated Useful Life (in years)	Amount
Developed technology	3	$	45,000
Customer relationships	3	37,000
Maintenance contracts	5	17,000
Trademarks	3	2,500
Order backlog	1.5	7,400
Total identifiable intangible assets		$	108,900

Business Acquisition, Pro Forma Information

The following table summarizes the pro forma financial information (in thousands, except per share amounts):



	Three Months Ended						Six Months Ended
	December 31, 2013			December 31, 2012			December 31, 2013			December 31, 2012
Net revenues	$	159,944		$	158,258		$	321,837		$	327,599
Net loss	$	(55,090	)	$	(15,196	)	$	(51,682	)	$	(14,833	)
Net loss per share – basic and diluted	$	(0.57	)	$	(0.16	)	$	(0.54	)	$	(0.16	)