Business Acquisitions (Notes)

9 Months Ended

Dec. 31, 2013

Business Acquisition [Line Items]

Business Combination Disclosure [Text Block]

Business Acquisitions

On November 21, 2013, the Company completed an acquisition which was accounted for under the acquisition method of accounting. The Company had a prior 18.3% ownership interest in the acquired company accounted for as a cost method investment and recognized an approximate $2.4 million gain to write that ownership interest up to fair value in the three and nine-month periods ended December 31, 2013. The total consideration paid for the remaining 81.7% equity of the business, net of cash acquired, was $9.0 million. The purchase price of the acquisition resulted in purchased intangible assets of $4.1 million and goodwill of approximately $6.4 million. The purchased intangible assets are being amortized over a weighted average period of approximately 8 years.

On August 2, 2012, the Company acquired Standard Microsystems Corporation (SMSC), a publicly traded company based in Hauppauge, New York. The acquisition was accounted for under the acquisition method of accounting. The Company retained an independent third-party appraiser to assist management in its valuation. The table below represents the allocation of the purchase price, including adjustments to the purchase price allocation from the previously reported figures at March 31, 2013, to the net assets acquired based on their estimated fair values as of August 2, 2012. The purchase price allocation was finalized as of August 2, 2013. All adjustments shown in the table below were recorded during the three months ended June 30, 2013 (amounts in thousands):

Assets acquired	Previously Reported March 31, 2013			Adjustments			December 31, 2013
Cash and cash equivalents	$	180,925		$	—		$	180,925
Accounts receivable, net	58,441			—			58,441
Inventories	86,244			—			86,244
Prepaid expenses	5,617			—			5,617
Deferred tax assets	15,843			—			15,843
Other current assets	17,578			—			17,578
Property, plant and equipment, net	35,608			—			35,608
Long-term investments	24,275			—			24,275
Goodwill	169,065			(3,473		)	165,592
Intangible assets, net	10,214			—			10,214
Purchased intangible assets	517,800			—			517,800
Other assets	3,835			—			3,835
Total assets acquired	1,125,445			(3,473		)	1,121,972
Liabilities assumed
Accounts payable	(28,035		)	—			(28,035		)
Accrued liabilities	(62,038		)	(209		)	(62,247		)
Deferred income on shipments to distributors	(11,376		)	—			(11,376		)
Long-term income tax payable	(72,781		)	—			(72,781		)
Deferred tax liability	(21,079		)	4,397			(16,682		)
Other liabilities	(10,535		)	(715		)	(11,250		)
Total liabilities assumed	(205,844		)	3,473			(202,371		)
Purchase price allocated	$	919,601		$	—		$	919,601