BUSINESS COMBINATIONS

3 Months Ended

Mar. 31, 2013

Business Combinations [Abstract]

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS

Integrated Device Technology's Smart Metering Business

On March 7, 2013, the Company completed the acquisition from Integrated Device Technology ("IDT") of its smart metering business for a cash purchase price of $10.3 million. This business is included in the Company's Microcontroller segment.

The purchase price was allocated as follows as of the closing date of the acquisition:

	March 7, 2013
	(In thousands)
Total purchase price	$	10,263
Less:
Net tangible assets acquired	(1,374		)
Intangible assets acquired:
Customer relationships	(1,200		)
Developed technologies	(2,100		)
Backlog	(200		)
Total intangible assets	(3,500		)
Goodwill	$	5,389

The Company recorded $5.4 million in goodwill in connection with the acquisition. Such goodwill is deductible for tax purposes. Goodwill is not subject to amortization but will be tested annually for impairment or whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable.

Ozmo, Inc.

During the three month period ended March 31, 2013, the Company paid the remaining $15.6 million of the total $64.4 million purchase price for its Ozmo, Inc. ("Ozmo") acquisition, which was completed in December 2012.