Acquisitions and Investment In Other Company (Tables)

12 Months Ended

Dec. 31, 2019

Autoguide LLC [Member]

Final Allocation of Purchase Price

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

	Purchase Price Allocation
	(in thousands)
Goodwill	$	41,372
Intangible assets		37,660
Tangible assets acquired and liabilities assumed:
Other current assets		3,661
Non-current assets		1,227
Accounts payable and current liabilities		(1,223	)
Long-term other liabilities		(949	)
Total purchase price	$	81,748

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	$	24,590		6.0
Customer relationships		7,360		6.0
Trademarks and tradenames		5,450		7.0
Backlog		260		0.3
Total intangible assets	$	37,660		6.1

Mobile Industrial Robots (MiR)

Final Allocation of Purchase Price

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

	Purchase Price Allocation
	(in thousands)
Goodwill	$	135,976
Intangible assets		80,670
Tangible assets acquired and liabilities assumed:
Current assets		6,039
Non-current assets		1,336
Accounts payable and current liabilities		(7,336	)
Long-term deferred tax liabilities		(18,007	)
Other long-term liabilities		(900	)
Total purchase price	$	197,778

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 Year Ended
	December 31, 2019		December 31, 2018
	(in thousands, except per share amounts)
Revenues	$	2,303,737	$	2,111,373
Net income	$	464,602	$	442,082
Net income per common share:
Basic	$	2.73	$	2.36
Diluted	$	2.59	$	2.30