Acquisitions (Tables) - Mobile Industrial Robots (MiR)

9 Months Ended

Sep. 30, 2018

Allocation of Preliminary Purchase Price

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

	Purchase Price Allocation
	(in thousands)
Goodwill	$	134,737
Intangible assets		80,670
Tangible assets acquired and liabilities assumed:
Current assets		6,039
Non-current assets		299
Accounts payable and current liabilities		(7,336	)
Long-term deferred tax liabilities		(17,779	)
Total purchase price	$	196,630

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	$	58,900		7.0
Trademarks and tradenames		13,240		11.0
Customer relationships		8,500		2.5
Backlog		30		0.2
Total intangible assets	$	80,670		7.2

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 Three Months Ended		For the Nine Months Ended
	October 1, 2017		September 30, 2018		October 1, 2017
	(in thousands)
Revenue	$	507,982	$	1,588,042	$	1,666,075
Net income		100,339		306,768		351,626
Net income per common share:
Basic	$	0.51	$	1.61	$	1.77
Diluted	$	0.50	$	1.56	$	1.75