Symantec 2009 Annual Report Download - page 140

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Logic Technologies, Inc. (“Transparent Logic”) have been included in our results of operations since their
respective acquisition dates and are included in our Security and Compliance segment. Supplemental proforma
information for the acquisitions was not material to our financial results and was therefore not included.
The purchase price allocations related to these other fiscal 2008 acquisitions are as follows:
Vontu Transparent Logic Total
(In thousands)
Acquisition date .................... November 30, 2007 January 11, 2007
Net tangible (liabilities) assets .......... $ (6,292) $ 167 $ (6,125)
Other intangible assets
(1)
.............. 68,830 3,485 72,315
Goodwill ......................... 259,425 8,777 268,202
Total purchase price ................. $ 321,963 $ 12,429 $334,392
(1)
Other intangible assets include customer relationships of $33 million and developed technology of $39 million,
which are amortized over their estimated useful lives of one to eight years. The weighted-average estimated
useful lives were 8.0 years and 4.1 years, respectively.
Fiscal 2007 acquisitions
During fiscal 2007, we completed acquisitions of two nonpublic companies for an aggregate of $45 million in
cash, including $1 million in acquisition-related expenses resulting from financial advisory, legal and accounting
services, duplicate sites, and severance costs. 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 the acquired companies have been included in our results
of operations since their respective acquisition dates. The results of operations of Company-i Limited (“Company-
I”) are included in our Services segment while the results of 4FrontSecurity, Inc. (“4FrontSecurity”) are included in
our Security and Compliance segment. Supplemental proforma information for the acquisitions was not material to
our financial results and was therefore not included.
The purchase price allocations related to these other fiscal 2007 acquisitions are as follows:
Company-I 4Front Security Total
(In thousands)
Acquisition date ..................... December 1, 2006 February 23, 2007
Net tangible liabilities ................. $ (1,356) $ (1,112) $ (2,468)
Other intangible assets
(1)
............... 5,900 2,788 8,688
Goodwill .......................... 33,510 5,739 39,249
Total purchase price .................. $ 38,054 $ 7,415 $45,469
(1)
Other intangible assets include customer relationships of $6 million and developed technology of $3 million,
which are amortized over their estimated useful lives of five to eight years. The weighted-average estimated
useful lives were 8.0 years and 5.0 years, respectively.
80
SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)