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Acquisition (Tables)
12 Months Ended
Dec. 29, 2018
Business Combinations [Abstract]  
Summary of Allocation of Total Purchase Consideration to Initial Estimated Fair Values of Assets Acquired and Liabilities Assumed

 


The following table summarizes the allocation of the total purchase consideration to the initial estimated fair values of the assets acquired and liabilities assumed at the acquisition date (in thousands):

 

 

November 15, 2018

 

Cash and cash equivalents

$

1,414

 

Accounts receivable, net

 

4,156

 

Inventories

 

4,563

 

Prepaid and other current assets

 

104

 

Property and equipment

 

145

 

Accounts payable

 

(702

)

Accrued liabilities

 

(760

)

Deferred revenue

 

(197

)

Deferred tax liabilities

 

(5,408

)

Total assets acquired/liabilities assumed

 

3,315

 

Developed technology

 

15,500

 

In-process research and development

 

1,400

 

Customer relationships

 

4,600

 

Order backlog

 

500

 

Trade name

 

1,500

 

Total identified intangible assets

 

23,500

 

Total identifiable net assets

 

26,815

 

Goodwill

 

15,762

 

    Total purchase consideration

$

42,577

 

 

Schedule of Unaudited Pro Forma Financial Information Presents Combined Results of Operations

The following unaudited pro forma financial information presents the combined results of operations as if the 4D acquisition had occurred at the beginning of fiscal year 2017 and is presented for informational purposes only. These results may not necessarily reflect the actual results of operations that would have been achieved, nor are they necessarily reflective of future results of operations (in thousands, except per share data).

 

 

(Unaudited)

 

 

Years Ended

 

 

December 29, 2018

 

December 30, 2017

 

Pro forma net revenue

$

                       338,919

 

   $

                        271,966

 

Pro forma net income

 

                      57,672

 

 

29,302

 

Pro forma net income per share - basic

$

                             2.39

 

    $

                             1.16

 

Pro forma net income per share - diluted

 

                          2.34

 

 

1.13