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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2015
Universal Robots  
Final Allocation of Purchase Price

The following table represents the final allocation of the purchase price:

 

     Purchase Price Allocation  
     (in thousands)  

Goodwill

   $ 221,128   

Intangible assets

     121,590   

Tangible assets acquired and liabilities assumed:

  

Current assets

     10,853   

Non-current assets

     3,415   

Accounts payable and current liabilities

     (11,976

Long-term deferred tax liabilities

     (26,653

Long-term other liabilities

     (2,920
  

 

 

 

Total purchase price

   $ 315,437   
  

 

 

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

Components of these intangible assets and their estimated useful lives at the acquisition date are as follows:

 

     Fair Value      Estimated Useful
Life
 
     (in thousands)      (in years)  

Developed technology

   $ 89,240         4.9   

Trademarks and tradenames

     22,920         10.0   

Customer relationships

     9,430         2.0   
  

 

 

    

Total intangible assets

   $ 121,590         5.6   
  

 

 

    
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 Years Ended  
     December 31,
2015
     December 31,
2014
 
     (in thousands, except per
share amounts)
 

Revenue

   $ 1,657,626       $ 1,686,689   

Net income

     199,784         61,078   

Net income per common share:

     

Basic

   $ 0.94       $ 0.30   
  

 

 

    

 

 

 

Diluted

   $ 0.94       $ 0.27   
  

 

 

    

 

 

 

Avionics Interface Technologies, LLC  
Final Allocation of Purchase Price

The following represents the final allocation of the purchase price:

 

     Purchase Price Allocation  
     (in thousands)  

Goodwill

   $ 10,516   

Intangible assets

     9,080   

Tangible assets acquired and liabilities assumed:

  

Current assets

     2,452   

Non-current assets

     359   

Accounts payable and current liabilities

     (1,164
  

 

 

 

Total purchase price

   $ 21,243   
  

 

 

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

Components of these intangible assets and their estimated useful lives at the acquisition date are as follows:

 

     Fair Value      Estimated Useful
Life
 
     (in thousands)      (in years)  

Customer relationships

   $ 5,630         5.0   

Developed technology

     2,580         4.8   

Trademarks and tradenames

     380         5.0   

Non-compete agreement

     320         4.0   

Customer order backlog

     170         0.3   
  

 

 

    

Total intangible assets

   $ 9,080         4.8   
  

 

 

    
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,
2014
     December 31,
2013
 
     (in thousands, except per
share amounts)
 

Revenues

   $ 1,655,038       $ 1,434,699   

Net income

   $ 82,169       $ 164,087   

Income per common share:

     

Basic

   $ 0.40       $ 0.86   
  

 

 

    

 

 

 

Diluted

   $ 0.37       $ 0.70   
  

 

 

    

 

 

 
ZTEC Instruments, Inc.  
Components of Intangible Assets and Their Estimated Useful Lives at Acquisition Date

Components of these intangible assets and their estimated useful lives at the acquisition date are as follows:

 

     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
 
     (in thousands, except
per share amounts)
 

Revenues

   $ 1,431,270   

Net income

   $ 163,394   

Income per common share:

  

Basic

   $ 0.86   
  

 

 

 

Diluted

   $ 0.69   
  

 

 

 
Final Allocation of Purchase Price

The following represents the final 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