Acquisitions (Tables)

9 Months Ended

Oct. 01, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The total purchase consideration was allocated to the assets acquired and liabilities assumed based on their respective estimated fair values on the acquisition date as follows:

	Fair Value
	(In thousands)
Current assets	$	24,890
Goodwill	368,148
Acquired intangibles	117,400
Other long-term assets	6,542
Total assets acquired	516,980
Current liabilities	15,489
Long-term liabilities	27,225
Total liabilities assumed	42,714
Total purchase consideration	$	474,266

The total purchase consideration was allocated to the assets acquired and liabilities assumed based on their respective estimated fair values on the acquisition date as follows:

	Fair Value
	(In thousands)
Current assets	$	7,992
Goodwill	67,868
Acquired intangibles	38,100
Other long-term assets	3,102
Total assets acquired	117,062
Current liabilities	4,952
Long-term liabilities	9,210
Total liabilities assumed	14,162
Total purchase consideration	$	102,900

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

Acquired Intangibles

	Fair Value		Weighted-Average Amortization Period
	(In thousands)		(in years)
Existing technology	$	53,900	7.0 years
Agreements and relationships	61,400		12.3 years
Tradenames, trademarks and patents	2,100		7.0 years
Total acquired intangibles with definite lives	$	117,400	9.8 years

Acquired Intangibles

	Fair Value		Weighted-Average Amortization Period
	(In thousands)		(in years)
Existing technology	$	20,900	6.0 years
Agreements and relationships	15,600		9.0 years
Tradenames, trademarks and patents	1,600		8.0 years
Total acquired intangibles with definite lives	$	38,100	7.3 years