Business Acquisitions (Tables)

3 Months Ended

Jun. 30, 2016

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The table below represents the preliminary allocation of the purchase price to the net assets acquired based on their estimated fair values, as well as the associated estimated useful lives of the acquired intangible assets (amounts in thousands).



Assets acquired	April 4, 2016
Cash and cash equivalents	$	230,266
Accounts receivable	135,427
Inventories	333,208
Prepaid expenses and other current assets	28,360
Assets held for sale	24,394
Property, plant and equipment	129,587
Goodwill	1,378,317
Purchased intangible assets	1,880,245
Long-term deferred tax assets	49,466
Other assets	5,948
Total assets acquired	4,195,218

Liabilities assumed
Accounts payable	(55,686		)
Other current liabilities	(119,152		)
Long-term line of credit	(192,000		)
Deferred tax liabilities	(74,334		)
Long-term income tax payable	(174,380		)
Other long-term liabilities	(106,688		)
Total liabilities assumed	(722,240		)
Purchase price allocated	$	3,472,978

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination



Purchased Intangible Assets	Weighted Average
	Useful Life	April 4, 2016
	(in years)	(in thousands)
Core/developed technology	11	$	1,080,340
In-process technology	—	140,200
Customer-related	6	629,200
Backlog	1	28,700
Other	5	1,805
Total purchased intangible assets		$	1,880,245

Business Acquisition, Pro Forma Information

The following unaudited pro-forma consolidated results of operations for the three months ended June 30, 2016 and 2015 assume the closing of the Atmel acquisition occurred as of April 1, 2015. The pro-forma adjustments are mainly comprised of acquired inventory fair value costs and amortization of purchased intangible assets. The pro-forma results of operations are presented for informational purposes only and are not indicative of the results of operations that would have been achieved if the acquisition had taken place on April 1, 2015 or of results that may occur in the future (amounts in thousands except per share data):



	Three Months Ended
	June 30, 2016		June 30, 2015
Net sales	$	837,118	$	796,122
Net income (loss) from continuing operations	$	8,401	$	(68,623	)
Basic net income (loss) per common share	$	0.04	$	(0.32	)
Diluted net income (loss) per common share	$	0.04	$	(0.32	)

Micrel Incorporated [Member]

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

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, 2016, to the net assets acquired based on their estimated fair values as of August 3, 2015, as well as the associated estimated useful lives of the acquired intangible assets at that date (amounts in thousands):



Assets acquired	Previously Reported March 31, 2016			Adjustments			June 30, 2016
Cash and cash equivalents	$	99,196		$	—		$	99,196
Accounts receivable, net	14,096			—			14,096
Inventories	73,468			—			73,468
Prepaid expenses and other current assets	10,652			—			10,652
Property, plant and equipment, net	38,566			(75		)	38,491
Goodwill	440,992			(14		)	440,978
Purchased intangible assets	273,500			—			273,500
Other assets	4,268			—			4,268
Total assets acquired	954,738			(89		)	954,649

Liabilities assumed
Accounts payable	(11,068		)	—			(11,068		)
Other current liabilities	(31,641		)	89			(31,552		)
Deferred tax liabilities	(88,035		)	—			(88,035		)
Long-term income tax payable	(7,637		)	—			(7,637		)
Other long-term liabilities	(127		)	—			(127		)
Total liabilities assumed	(138,508		)	89			(138,419		)
Purchase price allocated	$	816,230		$	—		$	816,230

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination



Purchased Intangible Assets	Weighted Average
	Useful Life	August 3, 2015
	(in years)	(in thousands)
Core/developed technology	10	$	175,800
In-process technology	—	21,000
Customer-related	5	71,100
Backlog	1	5,600
Total purchased intangible assets		$	273,500