Acquisitions (Tables)

3 Months Ended

Mar. 29, 2020

Final Allocation of Purchase Price

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

	Purchase Price  Allocation
	(in thousands)
Goodwill	$	41,223
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	$	81,599

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

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
	March 31, 2019
	(in thousands, except per share amounts)
Revenues	$	495,599
Net income	$	107,289
Net income per common share:
Basic	$	0.62
Diluted	$	0.61