Schedule of Business Acquisitions, by Acquisition |
The preliminary purchase price of $174.7 million, net of $11.5 million of cash acquired consists of the amounts presented below, which represent the preliminary determination of the fair value of the identifiable assets acquired and liabilities assumed:
| | | | | | (In thousands) | April 1, 2024 | Accounts receivable | $ | 3,784 | | Inventories | 26,300 | | Prepaid expenses and other current assets | 906 | | Property, plant and equipment | 200 | | Intangible assets | 103,400 | | Goodwill | 69,542 | | | | Total assets acquired | $ | 204,132 | | Accounts payable | 2,260 | | Accrued payroll and related costs | 2,129 | | Other liabilities | 489 | | Deferred tax liability | 24,593 | | | | Total liabilities assumed | $ | 29,471 | | Net assets acquired | $ | 174,661 | |
The purchase price of $243.9 million, net of $10.6 million of cash acquired consists of the amounts presented below, which represent the final determination of the fair value of the identifiable assets acquired and liabilities assumed:
| | | | | | (In thousands) | December 12, 2023 | Accounts receivable | $ | 5,960 | | Inventories | 12,075 | | Prepaid expenses and other current assets | 2,062 | | Property, plant and equipment | 3,028 | | Intangible assets | 172,000 | | Goodwill | 79,400 | | Other long-term assets | 4,705 | | Total assets acquired | $ | 279,230 | | Accounts payable | 3,251 | | Accrued payroll and related costs | 1,723 | | Other liabilities | 9,746 | | Deferred tax liability | 14,805 | | Other long-term liabilities | 5,853 | | Total liabilities assumed | $ | 35,378 | | Net assets acquired | $ | 243,852 | |
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Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination |
Intangible assets acquired consist of the following: | | | | | | | | | | | | (In thousands) | Amount | Weighted-Average Amortization Period | Risk-Adjusted Discount Rates used in Purchase Price Allocation | Developed technology | $ | 94,000 | | 10 years | 22.5 | % | Customer contracts and related relationships | 7,600 | | 10 years | 22.0 | % | Trade names | 1,800 | | 10 years | 22.0 | % | Total | $ | 103,400 | | | |
Intangible assets acquired consist of the following: | | | | | | | | | | | | (In thousands) | Amount | Weighted-Average Amortization Period | Risk-Adjusted Discount Rates used in Purchase Price Allocation | Developed technology | $ | 114,900 | | 15 years | 20.5 | % | Customer contracts and related relationships | 52,300 | | 15 years | 18.9 | % | Trade names | 4,800 | | 15 years | 20.5 | % | Total | $ | 172,000 | | | |
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