Acquisitions (Tables)

12 Months Ended

Dec. 31, 2013

ZTEC Instruments, Inc.

Allocation of Purchase Price

The following represents the allocation of the purchase price:

	Purchase Price Allocation
	(in thousands)
Goodwill	$	12,520
Intangible assets		4,870
Tangible assets acquired and liabilities assumed:
Cash		79
Other current assets		1,612
Non-current assets		1,757
Accounts payable and current liabilities		(1,811	)
Long-term deferred tax liabilities		(1,719	)
Total purchase price	$	17,308

Lists of Intangible Assets and Their Estimated Useful Lives at Acquisition Date

The following table lists these intangible assets and their estimated useful lives at the acquisition date:

	Fair Value		Estimated Useful Life
	(in thousands)		(in years)
Developed technology	$	3,500		5.0
Customer relationships		1,370		6.0
Total intangible assets	$	4,870		5.3

Pro Forma Results Under Acquisitions

The unaudited pro forma results are not necessarily indicative of what actually would have occurred had the acquisition been in effect for the periods presented:

	For the Year Ended
	December 31, 2013		December 31, 2012
	(in thousands, except per share amounts)
Revenue	$	1,431,270	$	1,660,758
Net income	$	163,394	$	215,654
Income per common share:
Basic	$	0.86	$	1.15
Diluted	$	0.69	$	0.94

Litepoint Corporation

Allocation of Purchase Price

The following represents the allocation of the purchase price:

	Purchase Price Allocation
	(in thousands)
Goodwill	$	349,272
Intangible assets		310,500
Tangible assets acquired and liabilities assumed:
Cash, cash equivalents and short term marketable securities		61,250
Other current assets		75,615
Non-current assets		5,838
Accounts payable and current liabilities		(37,177	)
Long-term deferred tax liabilities		(115,463	)
Other long-term liabilities		(3,788	)
Total purchase price	$	646,047

Lists of Intangible Assets and Their Estimated Useful Lives at Acquisition Date

The following table lists these intangible assets and their estimated useful lives at the acquisition date:

	Fair Value		Estimated Useful Life
	(in thousands)		(in years)
Developed technology	$	237,100		6.4
Customer relationships		53,700		7.0
Tradenames		19,000		7.0
Customer backlog		700		0.3
Total intangible assets	$	310,500		6.5

Pro Forma Results Under Acquisitions

The unaudited pro forma results are not necessarily indicative of what actually would have occurred had the acquisition been in effect for the periods presented:

	For the Year  Ended December 31, 2011
	(in thousands, except per share amounts)
Revenue	$	1,527,044
Income from continuing operations	$	357,060
Net income	$	382,976
Income from continuing operations per common share:
Basic	$	1.93
Diluted	$	1.56
Net income per common share:
Basic	$	2.07
Diluted	$	1.67