Maxwell Acquisition (Tables) - Maxwell Technologies, Inc.

6 Months Ended

Jun. 30, 2019

Schedule of Fair Values of the Assets Acquired and Liabilities Assumed

The preliminary allocation of the purchase price is based on management’s estimate of the Acquisition Date fair values of the assets acquired and liabilities assumed, as follows (in thousands):

Assets acquired:
Cash and cash equivalents	$	31,662
Accounts receivable		24,157
Inventory		32,080
Property, plant and equipment		26,748
Operating lease right-of-use assets		9,524
Intangible assets		105,495
Prepaid expenses and other assets, current and non-current		3,191
Total assets acquired		232,857
Liabilities and equity assumed:
Accounts payable		(9,547	)
Accrued liabilities and other		(27,565	)
Debt and financial leases, current and non-current		(43,870	)
Deferred revenue, current		(1,345	)
Other long-term liabilities		(13,871	)
Additional paid-in capital		(8,051	)
Total liabilities and equity assumed		(104,249	)
Net assets acquired		128,608
Goodwill		78,614
Total purchase price	$	207,222

Schedule of Fair Values of the Identified Intangible Assets and their Useful Lives

A preliminary assessment of the fair value of identified intangible assets and their respective useful lives are as follows (in thousands, except for estimated useful life):

	Fair Value		Useful Life (in years)
Developed technology	$	102,095		9
Customer relations		2,000		9
Trade name		1,400		10
Total intangible assets	$	105,495