Acquisitions (Tables)

12 Months Ended

Dec. 31, 2013

Pro Forma Effect on Operating Results

The following table illustrates the unaudited pro forma effect on operating results as if the Miranda and PPC acquisitions had been completed as of January 1, 2011.

	Years Ended December 31,
	2012		2011
	(In thousands, except per share data)
	(Unaudited)
Revenues	$	2,163,302	$	2,280,189
Income from continuing operations		78,827		108,117
Diluted income per share from continuing operations	$	1.72	$	2.25

PPC Broadband Inc [Member]

Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair value of the assets acquired and the liabilities assumed as of December 10, 2012 (in thousands).

Cash	$	6,874
Receivables		26,612
Inventories		45,465
Other current assets		868
Property, plant and equipment		26,856
Goodwill		277,091
Intangible assets		164,500
Other non-current assets		1,308
Total assets	$	549,574
Accounts payable	$	22,499
Accrued liabilities		4,104
Other long-term liabilities		579
Total liabilities	$	27,182
Net assets	$	522,392

Intangible Assets Related to Acquisition

Intangible assets related to the PPC acquisition consisted of the following:

	Estimated Fair		Amortization
	Value		Period
	(In thousands)		(In years)
Intangible assets subject to amortization:
Developed technologies	$	76,000		5.0
Customer relationships		55,000		20.0
Backlog		1,500		0.5
Total intangible assets subject to amortization		132,500
Intangible assets not subject to amortization:
Goodwill		277,091
In-process research and development		5,000
Trademarks		27,000
Total intangible assets not subject to amortization		309,091
Total intangible assets	$	441,591
Weighted average amortization period				11.2

Miranda Technologies Inc [Member]

Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair value of the assets acquired and the liabilities assumed as of July 27, 2012 (in thousands).

Cash	$	33,324
Receivables		27,592
Inventories		31,109
Other current assets		1,924
Property, plant and equipment		23,930
Goodwill		161,206
Intangible assets		159,991
Total assets	$	439,076
Accounts payable	$	23,917
Accrued liabilities		5,730
Current deferred tax liabilities		844
Other long-term liabilities		8,699
Non-current deferred tax liabilities		25,207
Total liabilities	$	64,397
Net assets	$	374,679

Intangible Assets Related to Acquisition

Intangible assets related to the acquisition consisted of the following:

	Estimated Fair		Amortization
	Value		Period
	(In thousands)		(In years)
Intangible assets subject to amortization:
Developed technologies	$	69,132		4.0
Customer relationships		44,442		20.0
Backlog		3,950		1.0
Total intangible assets subject to amortization		117,524
Intangible assets not subject to amortization:
Goodwill		161,206
Trademarks		35,554
In-process research and development		6,913
Total intangible assets not subject to amortization		203,673
Total intangible assets	$	321,197
Weighted average amortization period				9.9