Symantec 2009 Annual Report Download - page 139

years. The weighted-average estimated useful lives were 6.5 years, 5.5 years and 1.4 years, respectively. Other
intangible assets also include indefinite-lived trade-names of $31 million, which have an indefinite estimated
useful life.
Fiscal 2008 acquisitions
Altiris Purchase
On April 6, 2007, we completed the acquisition of Altiris Inc. (“Altiris”), a leading provider of information
technology management software that enables businesses to easily manage and service network-based endpoints. In
exchange for all of the voting equity interests of Altiris, we paid the following (in thousands):
Cash paid for acquisition of common stock outstanding, excluding cash acquired ..... $ 989,863
Fair value of stock options assumed ....................................... 16,847
Fair value of restricted stock awards....................................... 4,839
Acquisition-related transaction costs ....................................... 4,348
Restructuring costs ................................................... 22,341
Total purchase price................................................... $1,038,238
The results of operations of Altiris are included since the date of acquisition as part of the Security and
Compliance segment, with the exception of Altiris Services, which are included as part of our Services segment.
Supplemental proforma information for Altiris was not material to our financial results and was therefore not
included.
The following table presents the purchase price allocation included on our Consolidated Balance Sheets (in
thousands):
Net tangible assets
(1)
.................................................. $ 231,054
Other intangible assets
(2)
............................................... 312,920
Goodwill
(3)
......................................................... 633,233
Deferred tax liability .................................................. (138,969)
Total purchase price................................................... $1,038,238
(1)
Net tangible assets include deferred revenue which was adjusted down from $46 million to $12 million
representing our estimate of the fair value of the contractual obligation assumed for support services.
(2)
Other intangible assets include customer relationships of $201 million, developed technology of $90 million
and definite-lived tradenames of $22 million, which are amortized over their estimated useful lives of one to
eight years. The weighted-average estimated useful lives were 8.0 years, 5.1 years and 7.6 years, respectively.
(3)
Goodwill is deductible in the state of California for tax purposes. The amount resulted primarily from our
expectation of synergies from the integration of Altiris product offerings with our product offerings.
Other fiscal 2008 acquisitions
During fiscal 2008, in addition to Altiris, we completed acquisitions of two nonpublic companies for an
aggregate of $334 million in cash, including $5 million in acquisition-related expenses resulting from financial
advisory, legal and accounting services, duplicate sites, and severance. No equity interests were issued. We recorded
goodwill in connection with each of these acquisitions, none of which was tax deductible, resulting primarily from
our expectation of synergies from the integration of the acquired company’s technology with our technology and the
acquired company’s access to our global distribution network. In addition, each acquired company provided a
knowledgeable and experienced workforce. The results of operations for Vontu Inc. (“Vontu”) and Transparent
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SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)