Acquisitions (Tables)

12 Months Ended

Dec. 31, 2014

Prosoft Technology, 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 June 11, 2014 (in thousands).

Cash	$	2,517
Receivables		5,559
Inventories		3,624
Other current assets		240
Property, plant and equipment		1,076
Goodwill		56,193
Intangible assets		40,800
Other non-current assets		622
Total assets	$	110,631
Accounts payable	$	2,851
Accrued liabilities		2,545
Other non-current liabilities		1,132
Total liabilities	$	6,528
Net assets	$	104,103

Intangible Assets Related to Acquisition

The intangible assets related to the acquisition consisted of the following:

	Fair Value		Amortization Period
	(In thousands)		(In years)
Intangible assets subject to amortization:
Customer relationships	$	26,600		20.0
Developed technologies		9,000		5.0
Trademarks		5,000		5.0
Backlog		200		0.3
Total intangible assets subject to amortization		40,800
Intangible assets not subject to amortization:
Goodwill		56,193
Total intangible assets not subject to amortization		56,193
Total intangible assets	$	96,993
Weighted average amortization period				14.8

Grass Valley [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 March 31, 2014 (in thousands).

Cash	$	9,441
Receivables		68,766
Inventories		19,984
Deferred taxes		1,355
Other current assets		4,172
Property, plant and equipment		22,661
Goodwill		119,589
Intangible assets		95,500
Other non-current assets		17,108
Total assets	$	358,576
Accounts payable	$	51,276
Accrued liabilities		57,374
Deferred revenue		14,000
Postretirement benefits		16,538
Other non-current liabilities		1,199
Total liabilities	$	140,387
Net assets	$	218,189

Intangible Assets Related to Acquisition

The intangible assets related to the acquisition consisted of the following:

	Fair Value		Amortization Period
	(In thousands)		(In years)
Intangible assets subject to amortization:
Developed technologies	$	37,000		5.0
Customer relationships		27,000		15.0
Backlog		1,500		0.3
Total intangible assets subject to amortization		65,500
Intangible assets not subject to amortization:
Goodwill		119,589
Trademarks		22,000
In-process research and development		8,000
Total intangible assets not subject to amortization		149,589
Total intangible assets	$	215,089
Weighted average amortization period				9.0

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:

	Fair Value		Amortization 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:

			Amortization
	Fair 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

PPC Broadband and Miranda Technologies [Member]

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.

	Year Ended
	December 31, 2012
	(In thousands, except per share data)
	(Unaudited)
Revenues	$	2,163,302
Income from continuing operations		78,827
Diluted income per share from continuing operations	$	1.72

Grass Valley and Prosoft [Member]

Pro Forma Effect on Operating Results

The following table illustrates the unaudited pro forma effect on operating results as if the Grass Valley and ProSoft acquisitions had been completed as of January 1, 2013.

	Year ended December 31,
	2014		2013
	(In thousands, except per share data)
	(Unaudited)
Revenues	$	2,401,200	$	2,420,099
Income from continuing operations		67,956		66,874
Diluted income per share from continuing operations	$	1.54	$	1.49