Business Combinations (Tables)

12 Months Ended

Apr. 02, 2017

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 allocation of the purchase price 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 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
Order backlog	5,800		1
Trademark	800		1
Total	$	126,200

Pro forma financial information including acquisition

Consequently, actual results will differ from the unaudited pro forma information presented below:

	Fiscal Year Ended
(Unaudited in thousands, except per share data)	April 3, 2016		March 29, 2015
Revenues	$	760,232	$	650,815
Net income	$	202,213	$	67,690
Basic net income per share - continuing operations	$	1.42	$	0.46
Diluted net income per share - continuing operations	$	1.37	$	0.44