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Acquisition (Tables)

3 Months Ended

Sep. 30, 2017

Kaiam Laser Limited, Inc

Allocation of Purchase Price of Assets Acquired and Liabilities Assumed

The following table presents the preliminary allocation of the purchase price of the assets acquired and liabilities assumed at the date of acquisition, as the Company intends to finalize its accounting for the acquisition of Kaiam within one year from the date of acquisition ($000):

Assets
Accounts receivable		$		79
Inventories				4,559
Prepaid and other assets				1,246
Property, plant & equipment				64,482
Intangible assets				5,146
Goodwill				18,307
Total assets acquired		$		93,819
Liabilities
Accounts payable		$	751
Other accrued liabilities				2,486
Deferred tax liabilities				11,117
Total liabilities assumed				14,354
Net assets acquired		$		79,465

Integrated Photonics, Inc

Allocation of Purchase Price of Assets Acquired and Liabilities Assumed

The following table presents the preliminary allocation of the purchase price of the assets acquired and liabilities assumed at the date of acquisition, as the Company intends to finalize its accounting for the valuation of property, plant and equipment, identifiable intangibles and deferred income tax liabilities and anticipates completion of the valuation within one year from the date of the acquisition ($000):

Assets
Accounts receivable		$		2,083
Inventories				3,968
Prepaid and other assets			322
Property, plant & equipment				11,257
Intangible assets				22,213
Goodwill				17,107
Total assets acquired		$		56,950
Liabilities
Accounts payable		$	846
Other accrued liabilities				1,032
Long-term debt assumed				3,834
Deferred tax liabilities				9,552
Total liabilities assumed				15,264
Net assets acquired		$		41,686

Purchase Price at the Date of Acquisition

The following table presents the preliminary purchase price at the date of acquisition ($000):

Net cash paid at acquisition		$		39,436
Fair value of cash earnout arrangement				2,250
Purchase price		$		41,686

X

- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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X

- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472

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