Business Combination (Tables)

9 Months Ended

Jan. 03, 2016

Business Combinations [Abstract]

Schedule of acquisition consideration

Total consideration consisted of the following:

(in thousands)
Cash paid to ZMDI shareholders	$	307,030
Less: cash acquired	(27,892		)
Total purchase price, net of cash acquired	$	279,138

Schedule of allocation of purchase price

The Company's preliminary allocation of the purchase price as of December 7, 2015 is as follows:

(in thousands)	Estimated Fair Value
Cash	$	27,892
Accounts receivable	10,618
Inventories	19,892
Other current assets	1,551
Property, plant and equipment	9,287
Other non-current assets	2,003
Intangible assets	126,200
Goodwill	170,089
Accounts payable	(5,633		)
Accrued and other current liabilities	(19,141		)
Loans payable	(9,437		)
Deferred tax liability	(23,467		)
Other long term liabilities	(2,824		)
Total purchase price	$	307,030

Schedule of allocation of intangible assets

A summary of the preliminary allocation of intangible assets is as follows:

(in thousands)	Estimated Fair Value		Estimated Useful Life (in years)
Developed technology	$	75,600	7
Customer relationships	44,000		7
Backlog	5,800		1
Trademarks	800		1
Total	$	126,200

Pro forma financial information including acquisition

	Three Months Ended				Nine Months Ended
(Unaudited in thousands, except per share data)	January 3, 2016		December 28, 2014		January 3, 2016		December 28, 2014
Revenues	$	190,408	$	170,425	$	561,646	$	476,862
Net income	$	29,948	$	26,147	$	114,179	$	54,898
Basic net income per share - continuing operations	$	0.21	$	0.18	$	0.79	$	0.37
Diluted net income per share - continuing operations	$	0.21	$	0.17	$	0.76	$	0.36