Mergers and Acquisitions (Tables)

9 Months Ended

Mar. 29, 2014

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	$	22.1
Intangible assets acquired:
Developed technology	21.7
Customer relationships	38.3
In-process research and development	1.7
Other	0.3
Goodwill	124.4
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	7.3
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	$	22.1

Time-Bandwidth Products AG

Acquisitions

Summary of components of the assets acquired at fair value

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

Net tangible assets acquired	$	1.7
Intangible assets acquired:
Developed technology	6.7
Customer relationships	0.3
Goodwill	6.3
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	4.9
Property and equipment	1.3
Accounts payable	(0.6		)
Accrued expenses and other liabilities, net of other assets	(3.6		)
Deferred tax liabilities, net	(1.7		)
Net tangible assets acquired	$	1.7

Trendium

Acquisitions

Summary of components of the assets acquired at fair value

The Company finalized the purchase price allocation related to this acquisition during the three months ended March 29, 2014. 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

Acquisitions

Summary of components of the assets acquired at fair value

The Company finalized the purchase price allocation related to this acquisition during the three months ended March 29, 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

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