NVIDIA 2010 Annual Report Download - page 107

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NVIDIA CORPORATION AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
Note 7 – Business Combinations
On February 10, 2008, we acquired Ageia Technologies, Inc., or Ageia, an industry leader in gaming physics technology. The
combination of the graphics processing unit, or GPU, and physics engine brands is expected to enhance the visual experience of the
gaming world. The aggregate purchase price consisted of total consideration of approximately $29.7 million.
We allocated the purchase price of this acquisition to tangible assets, liabilities and identifiable intangible assets acquired,
based on their estimated fair values. The excess of purchase price over the aggregate fair values was recorded as goodwill. The fair
value assigned to identifiable intangible assets acquired was based on estimates and assumptions made by management. Purchased
intangibles are amortized on a straight-line basis over their respective useful lives.
As of January 31, 2010, the estimated fair values of the purchase price allocated to assets we acquired and liabilities we
assumed on the acquisition date were as follows:
Ageia
Fair Market Values (In thousands)
Cash and cash equivalents $ 1,744
Marketable securities 28
Accounts receivable 911
Prepaid and other current assets 1,149
Property and equipment 169
Goodwill 19,198
Intangible assets:
Existing technology 13,450
Customer relationships 170
Trademark 900
Total assets acquired 37,719
Current liabilities (6,969)
Acquisition related costs (1,030)
Total liabilities assumed (7,999)
Purchase price allocation $ 29,720
Ageia
(Straight-line
depreciation/amortization
period)
Property and equipment 1-2 years
Intangible assets:
Existing technology 4 years
Customer relationships 5 years
Trademark 5 years
The pro forma results of operations for our acquisitions during fiscal years 2009 and 2008 have not been presented because the
effects of the acquisitions, individually or in the aggregate, were not material to our results.
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Source: NVIDIA CORP, 10-K, March 18, 2010 Powered by Morningstar® Document Research℠