Acquisitions (Tables)

3 Months Ended

Apr. 03, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the estimated, preliminary fair values of the assets acquired and the liabilities assumed as of January 17, 2022 (in thousands):

Receivables	$	1,836
Other current assets	173
Property, plant and equipment	160
Intangible assets	22,248
Goodwill	31,258
Operating lease right-of-use assets	2,979
Total assets acquired	$	58,654
Accounts payable	$	371
Accrued liabilities	4,079
Deferred income taxes	5,828
Long-term operating lease liabilities	2,534
Other long-term liabilities	3,401
Total liabilities assumed	$	16,213
Net assets	$	42,441

Schedule of Acquired Intangible Assets

Our tax basis in the acquired goodwill is zero. The intangible assets related to the Macmon acquisition consisted of the following:

	Fair Value		Amortization Period
	(In thousands)		(In years)
Intangible assets subject to amortization:
Developed technologies	$	18,825	4.0
Customer relationships	2,282		15.0
Trademarks	1,141		2.0
Total intangible assets subject to amortization	$	22,248
Intangible assets not subject to amortization:
Goodwill	$	31,258	n/a
Total intangible assets not subject to amortization	$	31,258
Total intangible assets	$	53,506
Weighted average amortization period			5.0