Business Acquisition (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The Company’s allocation of TVN purchase consideration is as follows (in thousands):



Assets:
Cash and cash equivalents	$	6,843
Accounts receivable, net	14,933
Inventories	3,462
Prepaid expenses and other current assets	2,412
Property and equipment, net	9,942
French R&D tax credit receivables ⁽¹⁾	26,421
Other long-term assets	2,134
Total assets	$	66,147
Liabilities:
Other debts and capital lease obligations, current	8,362
Accounts payable	12,494
Deferred revenue	2,504
Accrued and other current liabilities	18,365
Other debts and capital lease obligations, long-term	16,087
Other non-current liabilities	6,467
Deferred tax liabilities	2,126
Total liabilities	$	66,405

Goodwill	41,670
Intangibles	41,100
Total purchase consideration	$	82,512

(1) See Note 10, “Certain Balance Sheet Components-Prepaid expenses and other current assets,” for more information on French R&D tax credit receivables.

The following table presents details of the intangible assets acquired through this business combination (in thousands, except years):



	Estimated Useful Life	Fair Value
Backlog	6 months	$	3,600
Developed technology	4 years	21,700
Customer relationships	5 years	15,200
In-process research and development ⁽¹⁾	N/A	—
Trade name	4 years	600
		$	41,100

(1) By the end of the second quarter of 2016, the Company completed the TVN in-process research and development activities and, as a result, the in-process research and development of $1.1 million was reclassified to developed technology.

Business combination acquisition and integration cost

Acquisition-and integration-related expenses for the TVN acquisition are summarized in the table below (in thousands):



	Year ended December 31, 2016
	Acquisition-related		Integration-related
			(unaudited)
Product cost of revenue	$	—	$	1,049
Research and development	—		974
Selling, general and administrative	3,855		11,058
Total acquisition- and integration-related expenses	$	3,855	$	13,081

Business Acquisition, Pro Forma Information

These adjustments exclude the income tax impact.



	Year ended December 31,
	2016			2015
	(in millions, except per share amounts)
Net revenue	$	414.6		$	456.3
Net loss	$	(48.8	)	$	(65.1	)
Net loss per share-basic and diluted	$	(0.63	)	$	(0.74	)