XLNX » Topics » Hier Design Inc.

This excerpt taken from the XLNX 10-K filed May 31, 2006.

Hier Design Inc.

 In June 2004, Xilinx completed the acquisition of Hier Design Inc. (HDI), a privately held electronic design automation company with expertise in hierarchical floorplanning and analysis software for high-performance field programmable gate array design. The acquisition was accounted for under the purchase method of accounting. The total purchase price for HDI was $20.7 million in cash plus $275 thousand of acquisition related costs. In connection with the transaction, Xilinx recorded a charge to

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operations for acquired in-process research and development of approximately $7.2 million. In addition, Xilinx recorded approximately $7.8 million of goodwill and $9.9 million of other intangible assets. The financial results for HDI are included in the Company's consolidated results from the date of acquisition. Pro forma information is not presented due to the immateriality of the operating results of HDI prior to the acquisition.

 Following is the purchase price allocation based on the estimated fair value of the assets acquired and liabilities assumed. Management considered a number of factors, including an independent appraisal and expected uses of assets and dispositions of liabilities, in determining the final purchase price allocation.

 
  Amount
  Amortization Life
 
  (In thousands)

   
Current assets   $ 21    
Long-term tangible assets     29    
Goodwill     7,811    
Other intangible assets:          
  Developed technology     8,797   5 years
  Noncompete agreements     704   2.5 years
  Patents     417   5 years
Acquired in-process research and development     7,198    
Deferred tax liabilities     (3,967 )  
   
   
Total purchase price   $ 21,010    
   
   
This excerpt taken from the XLNX 10-K filed Jun 1, 2005.

Hier Design Inc.

 In June 2004, Xilinx completed the acquisition of Hier Design Inc. (HDI), a privately held electronic design automation company with expertise in hierarchical floorplanning and analysis software for high-performance field programmable gate array (FPGA) design. The acquisition was accounted for under the purchase method of accounting. The total purchase price for HDI was $20.7 million in cash plus $275 thousand of acquisition related costs. In connection with the transaction, Xilinx recorded a charge to operations for acquired in-process research and development of approximately $7.2 million. In addition, Xilinx recorded approximately $7.8 million of goodwill and $9.9 million of other intangible assets, which resulted in amortization expense of approximately $1.8 million in fiscal 2005. The financial results for HDI are included in the Company's consolidated results from the date of acquisition. Pro forma information is not presented due to the immateriality of the operating results of HDI prior to the acquisition.

 Following is the purchase price allocation based on the estimated fair value of the assets acquired and liabilities assumed. Management considered a number of factors, including an independent appraisal and expected uses of assets and dispositions of liabilities, in determining the final purchase price allocation.

 
  Amount
  Amortization Life
 
  (In thousands)

   
Current assets   $ 21    
Long-term tangible assets     29    
Goodwill     7,811    
Other intangible assets:          
  Developed technology     8,797   5 years
  Noncompete agreements     704   2.5 years
  Patents     417   5 years
Acquired in-process research and development     7,198    
Deferred tax liabilities     (3,967 )  
   
   
    Total purchase price   $ 21,010    
   
   

EXCERPTS ON THIS PAGE:

10-K
May 31, 2006
10-K
Jun 1, 2005
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