Mergers and Acquisitions (Tables)

12 Months Ended

Jun. 28, 2014

Network Instruments, LLC ("Network Instruments")

Acquisitions

Summary of components of the assets acquired at fair value

The purchase price was allocated as follows (in millions):

Net tangible assets acquired	$	20.8
Intangible assets acquired:
Developed technology		21.7
Customer relationships		38.3
In-process research and development		1.7
Other		0.3
Goodwill		125.7
Total purchase price	$	208.5

Summary of components of the net tangible assets acquired at fair value

The following table summarizes the components of the tangible assets acquired at fair value (in millions):

Cash	$	9.0
Accounts receivable		13.8
Inventory		6.0
Property and equipment		1.0
Accounts payable		(1.5	)
Deferred tax liabilities, net		(0.6	)
Other liabilities, net of other assets		(4.4	)
Deferred revenue		(2.5	)
Net tangible assets acquired	$	20.8

Schedule of pro forma financial information on the results of the company

Actual results will differ from the unaudited pro forma information presented below (unaudited, in millions):

	Years Ended
	June 28, 2014			June 29, 2013
Pro forma net revenue	$	1,770.0		$	1,710.9
Pro forma net (loss) income		(14.5	)		47.7

Time-Bandwidth Products AG ("Time-Bandwidth")

Acquisitions

Summary of components of the assets acquired at fair value

The Company finalized the purchase price allocation related to this acquisition including measurement period adjustments with the corresponding offset to goodwill during fiscal 2014. The purchase price was allocated as follows (in millions):

Net tangible assets acquired	$	2.0
Intangible assets acquired:
Developed technology		6.7
Customer relationships		0.5
Goodwill		5.8
Total purchase price	$	15.0

Summary of components of the net tangible assets acquired at fair value

The following table summarizes the components of the net tangible assets acquired at fair value (in millions):

Accounts receivable	$	1.4
Inventories		5.0
Property and equipment		1.5
Accounts payable		(0.6	)
Accrued expenses and other liabilities, net of other assets		(3.5	)
Deferred tax liabilities, net		(1.8	)
Net tangible assets acquired	$	2.0

Trendium Inc. ("Trendium")

Acquisitions

Summary of components of the assets acquired at fair value

The purchase price was allocated as follows (in millions):

Tangible assets acquired:
Property, plant and equipment	$	0.2
Intangible assets acquired:
Developed technology		6.1
In-process research and development		5.4
Goodwill		14.4
Total purchase price	$	26.1

Arieso Ltd. ("Arieso")

Acquisitions

Summary of components of the assets acquired at fair value

The Company finalized the purchase price allocation related to this acquisition during the third quarter of fiscal 2014. The purchase price was allocated as follows (in millions):

Net tangible assets acquired	$	0.2
Intangible assets acquired:
Developed technology		32.8
Customer relationships		14.5
Order backlog		1.4
Goodwill		40.8
Total purchase price	$	89.7

Summary of components of the net tangible assets acquired at fair value

The following table summarizes the components of the tangible assets acquired at fair value (in millions):

Cash	$	4.1
Accounts receivable		8.4
Property and equipment		0.6
Accounts payable		(0.3	)
Accrued expenses, net of other assets		(1.4	)
Employee related liabilities		(1.4	)
Deferred revenue		(1.7	)
Deferred tax liabilities, net		(8.1	)
Net tangible assets acquired	$	0.2

Schedule of pro forma financial information on the results of the company

As a result, actual results will differ from the unaudited pro forma information presented (unaudited, in millions):

	Years Ended
	June 29, 2013		June 30, 2012
Pro forma net revenue	$	1,680.6	$	1,676.0
Pro forma net income (loss)		46.5		(35.3	)

GenComm Co. Ltd. ("GenComm")

Acquisitions

Summary of components of the assets acquired at fair value

The purchase price was allocated as follows (in millions):

Net tangible assets acquired	$	5.9
Intangible assets acquired:
Developed technology		3.2
Customer relationships		0.2
Order backlog		0.2
Goodwill		5.7
Total purchase price	$	15.2