Quarterly report pursuant to Section 13 or 15(d)

Business Combinations Pro-Forma (Details)

v3.7.0.1
Business Combinations Pro-Forma (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Business Acquisition [Line Items]        
Business Acquisition, Pro Forma Information, Nonrecurring Adjustments [Table Text Block]    
The following adjustments were included in the unaudited pro forma combined net income (loss):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
 
(in thousands)
Net income
$
10,965

 
$
22,584

 
$
19,428

 
$
43,265

Add: Results of operations – acquired business
(9,048
)
 
4,151

 
(8,916
)
 
1,642

Less: Proforma adjustments
 
 
 
 
 
 
 
Depreciation of property, plant and equipment
476

 
1,179

 
(37
)
 
724

Amortization of intangible assets
(3,470
)
 
(12,114
)
 
(15,434
)
 
(24,220
)
Amortization of inventory step-up
6,018

 
(9,543
)
 
6,018

 
(20,332
)
Impairment of intangible assets
—

 
1,519

 
—

 
1,519

Acquisition and integration expenses
11,692

 
(5,289
)
 
14,484

 
(14,484
)
Interest expense
(1,598
)
 
(3,819
)
 
(5,388
)
 
(7,651
)
Income tax benefit
559

 
—

 
559

 
—

Net income (loss) – proforma combined
$
15,594

 
$
(1,332
)
 
$
10,714

 
$
(19,537
)
 
 
 
 
 
 
 
 
Net income (loss) per share - proforma combined:
 
 
 
 
 
 
 
Basic
$
0.24

 
$
(0.02
)
 
$
0.16

 
$
(0.31
)
Diluted
$
0.22

 
$
(0.02
)
 
$
0.15

 
$
(0.31
)
Shares used to compute net income (loss) per share - proforma combined
 
 
 
 
 
 
 
Basic
65,889

 
63,470

 
65,564

 
63,056

Diluted
69,645

 
63,470

 
69,398

 
63,056


The pro forma combined financial information for the three months ended June 30, 2016 includes aggregate non-recurring adjustments of $12.2 million consisting of aggregate amortization of inventory step-up of $10.0 million and amortization of intangible assets of $2.2 million from the Exar and G.hn businesses, for which the related assets have useful lives of less than one year, and excludes impairment of intangible assets of $1.5 million included in Exar's historical results of operations. The pro forma combined financial information for the six months ended June 30, 2016 includes aggregate non-recurring adjustments of $23.1 million consisting of aggregate amortization of inventory step-up of $18.7 million and amortization of intangible assets of $4.4 million from the Exar and G.hn businesses, for which the related assets have useful lives of less than one year, and excludes impairment of intangible assets of $1.5 million included in Exar's historical results of operations.

 
Net Income (Loss) Attributable to Parent $ 10,965 $ 22,584 $ 19,428 $ 43,265
Basic 65,889 63,470 65,564 63,056
Exar Corporation [Member]        
Business Acquisition [Line Items]        
Pro Forma Impairment of Intangible Assets $ 0 $ 1,519 $ 0 $ 1,519
Business Combination, Transaction Costs     5,544  
Exar and Marvell [Member]        
Business Acquisition [Line Items]        
Business Combination, Proforma Amortization of Step-Up of Inventory with Life Less than 1 Year   9,975   18,703
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual     13,893  
Business Combination, Pro Forma Information, Gross Profit     8,004  
Business Combination, Amortization of Intangible Assets and Inventory Step Up     8,731  
Business Acquisition, Pro Forma Revenue 111,832 129,449 229,520 259,160
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual (9,048) 4,151 (8,916) 1,642
Business Acquisition Proforma Depreciation of Property, Plant and Equipment 476 1,179 (37) 724
Business Acquisition Proforma Amortization of Intangible Assets (3,470) 2,200 (15,434) (24,220)
Business Acquisition, Proforma Amortization of Intangible Assets with less than 1 Year Life   (12,114)   4,400
Business Combination Pro Forma Information Amortization of Inventory Step Up included in Consolidated Income Statement 6,018 (9,543) 6,018 (20,332)
Business Combination, Transaction Costs 11,692 (5,289) 14,484 (14,484)
Pro-Forma Interest Expense (1,598) (3,819) (5,388) (7,651)
Business Acquisition, Proforma Acquisitions, Tax Provision 559 0 559 0
Business Acquisition, Pro Forma Net Income (Loss) $ 15,594 $ (1,332) $ 10,714 $ (19,537)
Business Acquisition, Pro Forma Income (Loss) from Continuing Operations, Net of Tax, Per Share, Basic $ 0.24 $ (0.02) $ 0.16 $ (0.31)
Business Acquisition, Pro Forma Income (Loss) from Continuing Operations, Net of Tax, Per Share, Diluted $ 0.22 $ (0.02) $ 0.15 $ (0.31)
Pro Forma Weighted Average Shares Outstanding, Diluted 69,645 63,470 69,398 63,056
G.hn business of Marvell [Member]        
Business Acquisition [Line Items]        
Business Combination, Transaction Costs     $ 9,037  
Deferred Revenue [Domain] | Exar Corporation [Member]        
Business Acquisition [Line Items]        
Revenues     5,242  
Deferred Profit [Domain] | Exar Corporation [Member]        
Business Acquisition [Line Items]        
Deferred Profit Eliminated in Acquisition Accounting     $ 3,872  
Amortization [Member] | Exar and Marvell [Member]        
Business Acquisition [Line Items]        
Business Acquisition, Pro Forma Information, Description   12192   23136