4. Business Combinations Fiscal 2018 Acquisitions Data Center Business The Company completed its acquisition of the data center business (the Data Center Business) of Brocade Communication Systems, Inc.s (Brocade) on October 27, 2017 (the Data Center Closing Date), pursuant to an Asset Purchase Agreement (the Data Center Business APA) dated as of October 3, 2017, by and between the Company and Brocade for an aggregate purchase consideration of $84.3 million. Under the terms and conditions of the Data Center Business APA, the Company acquired customers, employees, technology and other assets of the Data Center Business as well as assumed certain contracts and other liabilities of the Data Center Business. The following table below summarizes the final allocation of the tangible and identifiable intangible assets acquired and liabilities assumed (in thousands): Final Allocation Accounts receivables $ 33,488 Inventories 19,934 Prepaid expenses and other current assets 988 Property and equipment (a) 19,442 Other assets 4,734 Accounts payable and accrued expenses (16,494 ) Deferred revenue (33,025 ) Net tangible assets acquired 29,067 Identifiable intangible assets 32,800 Goodwill (a) 22,470 Total intangible assets acquired 55,270 Total net assets acquired $ 84,337 (a) Includes an adjustment after the measurement period to record $0.5 million of additional property and equipment acquired at an international location. Campus Fabric Business The Company completed its acquisition of Avaya Inc.s (Avaya) fabric-based secure networking solutions and network security solutions business (the Campus Fabric Business) on July 14, 2017, (the Campus Fabric Business Closing Date) pursuant to an Asset Purchase Agreement (the Campus Fabric Business APA) dated March 7, 2017. Under the terms and conditions of the Campus Fabric Business APA, the Company acquired the customers, employees, technology and other assets of the Campus Fabric Business, as well as assumed certain contracts and other liabilities of the Campus Fabric Business, for total consideration of $79.4 million. The following table below summarizes the final allocation of the tangible and identifiable intangible assets acquired and liabilities assumed (in thousands): Final Allocation Accounts receivables $ 19,527 Inventories 14,165 Prepaid expenses and other current assets 240 Property and equipment 5,406 Other assets 7,009 Accounts payable and accrued expenses (31,670 ) Deferred revenue (8,994 ) Other long-term liabilities (5,849 ) Net tangible assets acquired (166 ) Identifiable intangible assets 41,300 In-process research and development 2,400 Goodwill 35,892 Total intangible assets acquired 79,592 Total net assets acquired $ 79,426 Capital Financing Business On December 1, 2017, Company completed its acquisition of a capital financing business (the CF Business), pursuant to a Bill of Sale and Assignment and Assumption Agreement (the Assumption Agreement) between the Company and Broadcom. Under the terms and conditions of the Assumption Agreement, the Company acquired customers, employees, contracts and lease equipment of the CF Business equal to the earn out payments to Broadcom of 90% of acquired financing receivables to be collected commencing at the closing date. Net assets acquired included financing receivables of $13.7 million, lease equipment of $3.5 million and identifiable intangible assets of $0.8 million, and the fair value of the contingent consideration was $13.0 million. As the preliminary fair value of the net assets acquired exceeded the fair value of the purchase consideration, the Company recorded a bargain purchase gain of $5.0 million. Pro forma financial information The following unaudited pro forma results of operations are presented as though the acquisitions of the Data Center Business, CF Business and Campus Fabric Business had occurred as of the beginning of fiscal 2017, after giving effect to purchase accounting adjustments relating to inventories, deferred revenue, depreciation and amortization on acquired property and equipment and intangibles, acquisition costs, interest income and expense and related tax effects. The pro forma results of operations are not necessarily indicative of the combined results that would have occurred had the acquisition been consummated as of the beginning of fiscal 2017, nor are they necessarily indicative of future operating results. The unaudited pro forma results do not include the impact of synergies, nor any potential impacts on current or future market conditions which could alter the unaudited pro forma results. The unaudited pro forma financial information for the nine months ended March 31, 2018 combines the historical results for Extreme for those periods, which include the results of the Data Center Business, CF Business and Campus Fabric business subsequent to the acquisition date, with their historical results up to the acquisition date. Pro forma results of operations from the Data Center Business, CF Business and Campus Fabric Business acquisitions included in the pro forma results of operations for the three and nine months ended March 31, 2018, have not been adjusted for the adoption of Topic 606 because the Company determined it is impractical to estimate the impact of the adoption. The following table summarizes the unaudited pro forma financial information (in thousands, except per share amounts): Nine Months Ended March 31, 2018 Net revenues $ 799,044 Net income (loss) $ (21,235 ) Net income (loss) per share - basic $ (0.19 ) Net income (loss) per share - diluted $ (0.19 ) Shares used in per share calculation - basic 113,641 Shares used in per share calculation - diluted 113,641