Acquisitions (Tables)

3 Months Ended

Oct. 31, 2019

Solacom

Business Acquisition [Line Items]

Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the fair value of the assets acquired and liabilities assumed in connection with the Solacom acquisition:

	Purchase Price Allocation (1)			Measurement Period Adjustments		Purchase Price Allocation (as adjusted)
Settled in cash	$	27,328,000		—		$	27,328,000
Settled in common stock issued by Comtech	5,606,000			—		5,606,000
Aggregate purchase price at fair value	$	32,934,000		—		$	32,934,000
Allocation of aggregate purchase price:
Cash and cash equivalents	$	1,445,000		—		$	1,445,000
Current assets	9,896,000			1,000		9,897,000
Property, plant and equipment	777,000			—		777,000
Deferred tax assets	5,059,000			419,000		5,478,000
Accrued warranty obligations	(1,431,000		)	—		(1,431,000		)
Current liabilities	(4,477,000		)	—		(4,477,000		)
Contract liabilities, non-current	(1,604,000		)	—		(1,604,000		)
Net tangible assets at fair value	$	9,665,000		420,000		$	10,085,000
Identifiable intangibles, deferred taxes and goodwill:									Estimated Useful Lives
Technology	$	6,779,000		—		$	6,779,000		10 years
Customer relationships	7,007,000			—		7,007,000			20 years
Trade name	1,828,000			—		1,828,000			20 years
Deferred tax liabilities	(4,153,000		)	—		(4,153,000		)
Goodwill	11,808,000			(420,000	)	11,388,000			Indefinite
Allocation of aggregate purchase price	$	32,934,000		—		$	32,934,000

⁽¹⁾ As reported in the Company's Annual Report on Form 10-K for the fiscal year ended July 31, 2019.

GD NG-911 business

Business Acquisition [Line Items]

Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary fair value of the assets acquired and liabilities assumed in connection with the acquisition of the GD NG-911 business:

	Purchase Price Allocation (1)			Measurement Period Adjustments		Purchase Price Allocation (as adjusted)
Aggregate purchase price at fair value	$	10,000,000		—		$	10,000,000
Allocation of aggregate purchase price:
Current assets	$	4,460,000		180,000		$	4,640,000
Property, plant and equipment	646,000			—		646,000
Deferred tax assets	3,426,000			(50,000	)	3,376,000
Accrued warranty obligations	(5,000,000		)	—		(5,000,000		)
Current liabilities	(3,162,000		)	68,000		(3,094,000		)
Net tangible assets at preliminary fair value	$	370,000		198,000		$	568,000
Identifiable intangibles, deferred taxes and goodwill:									Estimated Useful Lives
Customer relationships	$	20,300,000		—		$	20,300,000		10 years
Technology	3,500,000			—		3,500,000			15 years
Other liabilities	(21,700,000		)	—		(21,700,000		)
Deferred tax liabilities	(518,000		)	—		(518,000		)
Goodwill	8,048,000			(198,000	)	7,850,000			Indefinite
Allocation of aggregate purchase price	$	10,000,000		—		$	10,000,000

⁽¹⁾ As reported in the Company's Annual Report on Form 10-K for the fiscal year ended July 31, 2019.