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Strategic Technology Transactions, Goodwill and Other Purchased Intangible Assets (Tables)
6 Months Ended
Jun. 29, 2013
Goodwill And Intangible Assets Disclosure [Abstract]  
Preliminary Allocation of Purchase Price

The table below represents a preliminary allocation of purchase price based on management’s internal evaluation to estimate their respective fair values (in thousands):

 

Current assets

   $  36,510  

Fixed assets

     1,314  

Other assets

     2,427   

Intangible assets

     25,365  

Goodwill

     19,273   
  

 

 

 

Total assets acquired

     84,889  

Liabilities assumed

     (27,746
  

 

 

 

Net assets acquired

   $ 57,143  
  

 

 

 
Preliminary Allocation of Other Intangible Assets

The preliminary allocation of the other intangible assets is as follows (in thousands):

 

Description    Estimated
Fair Value
     Estimated Average
Remaining Useful Life

 

Unpatented complete technology

   $ 16,827      8 years

Customer relationships

     3,631      8 years

Trade name

     4,907      Indefinite
  

 

 

    
   $ 25,365     
  

 

 

    
Changes in Carrying Value of Goodwill by Reportable Segment

Changes in the carrying value of goodwill by reportable segment during the year ended December 29, 2012 and the six-month period ended June 29, 2013 were as follows (in thousands):

 

     Semiconductor
Equipment
    Microwave
Communications
    Total Goodwill  
  

 

 

 

Balance, December 31, 2011

   $ 54,872     $ 3,188     $ 58,060  

Impact of currency exchange

     648       48       696  
  

 

 

   

 

 

   

 

 

 

Balance, December 29, 2012

     55,520       3,236       58,756  

Additions

     19,273             19,273  

Impact of currency exchange

     (1,145     (31     (1,176
  

 

 

   

 

 

   

 

 

 

Balance, June 29, 2013

   $ 73,648     $ 3,205     $ 76,853  
  

 

 

   

 

 

   

 

 

 
Purchased Intangible Assets, Subject to Amortization

Purchased intangible assets, subject to amortization are as follows (in thousands):

 

     June 29, 2013      December 29, 2012  
  

 

 

    

 

 

 
     Gross Carrying
Amount
     Accumulated
Amortization
     Gross Carrying
Amount
     Accumulated
Amortization
 
  

 

 

    

 

 

    

 

 

    

 

 

 

Rasco technology

   $ 31,883      $ 18,183      $ 32,399      $ 16,452  

Ismeca technology

     19,780        1,236                

Duma technology

     864        264        864        120  
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 52,527      $ 19,683      $ 33,263      $ 16,572