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Strategic Technology Transactions, Goodwill and Other Purchased Intangible Assets (Tables)
9 Months Ended
Sep. 28, 2013
Goodwill And Intangible Assets Disclosure [Abstract]  
Allocation of Purchase Price
During the third fiscal quarter of 2013, with the assistance of a third party and using information as of the acquisition date, we updated the valuation of acquired intangible assets which resulted in adjustments to our initial allocation. We also received certain income tax information which resulted in adjustments to increase other assets and liabilities assumed but had no impact on net tangible assets acquired. The changes described above are noted in the Revised Values column below (in thousands): 

 

   Original
Values
    Revised
Values
 
  

 

 

 

Current assets

   $ 36,510     $ 36,510  

Fixed assets

     1,314       1,314  

Other assets

     2,427       6,607  

Intangible assets

     25,365       33,138  

Goodwill

     19,273       11,245  
  

 

 

   

 

 

 

Total assets acquired

     84,889       88,814  

Liabilities assumed

     (27,746     (31,671
  

 

 

   

 

 

 

Net assets acquired

   $ 57,143     $ 57,143  
  

 

 

   

 

 

 
Allocation of Intangible Assets

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

 

     Original
Value
     Revised
Value
     Average
Useful Life
  

 

 

Complete technology

   $ 16,827      $ 21,399      8 years

Customer relationships

     3,631        7,475      8 years

Covenants not-to-compete

            325      3 years

Trade name

     4,907        3,939      Indefinite
  

 

 

    

 

 

    
   $ 25,365      $ 33,138     
  

 

 

    

 

 

    
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 nine-month period ended September 28, 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 net of adjustments

     11,245               11,245  

Impact of currency exchange

     840        54        894  
  

 

 

    

 

 

    

 

 

 

Balance, September 28, 2013

   $ 67,605      $ 3,290      $ 70,895  
  

 

 

    

 

 

    

 

 

 
Purchased Intangible Assets, Subject to Amortization

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

 

     September 28, 2013      December 29, 2012  
  

 

 

    

 

 

 
     Gross Carrying
Amount
     Accumulated
Amortization
     Gross Carrying
Amount
     Accumulated
Amortization
 
  

 

 

    

 

 

    

 

 

    

 

 

 

Rasco technology

   $ 33,140      $ 19,936      $ 32,399      $ 16,452  

Ismeca technology

     29,450        2,812                

Duma technology

     864        336        864        120  
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 63,454      $ 23,084      $ 33,263      $ 16,572