Acquisition (Tables)

6 Months Ended

Mar. 30, 2013

Business Combinations [Abstract]

Schedule of Purchase Price Allocation

Based upon a valuation, the total purchase price allocation was as follows:

	(in thousands)
Goodwill	$	141,438
Identifiable intangible assets	118,300
Cash	1,355
Accounts receivable	20,536
Property and equipment	3,588
Deferred maintenance revenue	(11,714		)
Deferred tax assets and liabilities, net	(35,566		)
Accrued employee related liabilities	(9,010		)
Net assumed liabilities	(5,149		)
Total purchase price allocation	223,778
Less: Servigistics cash acquired	(1,355		)
Total purchase price allocation, net of cash acquired	$	222,423

Pro Forma Financial Information

The unaudited financial information in the table below summarizes the combined results of operations of PTC and Servigistics, on a pro forma basis, as though the companies had been combined as of the beginning of PTC's fiscal year 2012. The pro forma information for all periods presented includes the effects of business combination accounting resulting from the acquisition as though the acquisition had been consummated as of the beginning of fiscal year 2012, including amortization charges from acquired intangible assets, the fair value adjustment of acquired deferred support revenue being recorded in fiscal year 2012 versus fiscal year 2013, interest expense on borrowings in connection with the acquisition, the exclusion of acquisition-related costs and the related tax effects. PTC's first quarter of 2013 results also exclude the $32.6 million tax benefit recorded to decrease our valuation allowance in jurisdictions where we have recorded a valuation allowance as a result of Servigistics' net deferred tax liability position recorded in accounting for the business combination (Note 11). The pro forma financial information is presented for comparative purposes only and is not necessarily indicative of the results of operations that actually would have been achieved if the acquisition had taken place at the beginning of 2012.

Unaudited Pro Forma Financial Information

	Three months ended					Six months ended
	March 30, 2013		March 31, 2012			March 30, 2013		March 31, 2012
	(in millions, except per share amounts)
Revenue	$	314.6	$	317.2		$	635.9	$	651.1
Net income (loss)	$	17.7	$	(0.7	)	$	26.0	$	22.9
Earnings (loss) per share—Basic	$	0.15	$	(0.01	)	$	0.22	$	0.19
Earnings (loss) per share—Diluted	$	0.15	$	(0.01	)	$	0.21	$	0.19