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TableofContents
SEAGATETECHNOLOGYPLC
NOTESTOCONSOLIDATEDFINANCIALSTATEMENTS—(Continued)
3.Acquisitions
DotHillSystemsCorp.
OnOctober6,2015,theCompanyacquiredalloftheoutstandingsharesofDotHillSystemsCorp.("DotHill"),asupplierofsoftwareandhardwarestorage
systems.TheCompanypaid$9.75pershare,or$674million,incashfortheacquisition.TheacquisitionofDotHillfurtherexpandstheCompany'sOEM-focused
cloudstoragesystemsbusinessandadvancestheCompany'sstrategicefforts.
Thefollowingtablesummarizestheestimatedfairvaluesoftheassetsacquiredandliabilitiesassumedattheacquisitiondate:
Thefollowingtableshowsthefairvalueoftheseparatelyidentifiableintangibleassetsatthetimeofacquisitionandtheperiodoverwhicheachintangible
assetwillbeamortized:
Therecognizedgoodwill,whichisnotdeductibleforincometaxpurposes,isprimarilyattributabletocostsynergiesexpectedtoariseaftertheacquisitionand
thebenefitstheCompanyexpectstoderivefromenhancedmarketopportunities.
TheexpensesrelatedtotheacquisitionofDotHillforthefiscalyearendedJuly1,2016,whichareincludedwithinMarketingandadministrativeexpenseon
theConsolidatedStatementofOperations,arenotsignificant.
TheamountsofrevenueandearningsofDotHillincludedintheCompany'sConsolidatedStatementofOperationsfromtheacquisitiondatewerenot
significant.
78
(Dollarsinmillions) Amount
Cashandcashequivalents  $ 40
Accountsreceivable,net   48
Inventories   21
Othercurrentandnon-currentassets   7
Property,plantandequipment   10
Intangibleassets   252
Goodwill   364
Totalassets   742
Accountspayable,accruedexpensesandother   (68)
Totalliabilities   (68)
Total  $ 674
(Dollarsinmillions) FairValue
Weighted-Average
Amortization
Period
Existingtechnology  $ 164  5.0years
Customerrelationships   71  7.0years
Tradenames   3  5.0years
Totalamortizableintangibleassetsacquired   238  5.5years
In-processresearchanddevelopment   14  
Totalacquiredidentifiableintangibleassets  $ 252  