Subsequent Events

12 Months Ended

Dec. 31, 2012

Subsequent Events

NOTE 20: SUBSEQUENT EVENTS

On February 18, 2013, the Company entered into an Asset Purchase Agreement with Aurora Networks pursuant to which the Company agreed to sell its cable access HFC business (the “Business”) for $46 million in cash. Although no assurance can be given as to whether and when this transaction will close, it is presently scheduled to close on March 4, 2013, and may be terminated by either party if it does not close by March 29, 2013. If this sale closes, the Business’s results of operations prior to the closing date will be recorded as part of discontinued operations in the Consolidated Statements of Operations in the Company’s Form 10-Q for the quarter ending March 29, 2013. The estimated carrying value of the Business’s net assets as of December 31, 2012 is as follows:

	December 31,
	2012
	(in thousands)
Inventories	$	11,162
Prepaid expenses and other current assets		89
Current assets	$	11,251
Property and equipment, net	$	1,123
Goodwill		14,864
Long-term assets		15,987
Deferred Revenues	$	3,333
Accrued liabilities		916
Current liabilities	$	4,249