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Finisar Acquisition (Tables) - Finisar Corporation

3 Months Ended

Sep. 30, 2019

Preliminary Fair Value of Consideration

The preliminary total fair value of consideration paid in connection with the acquisition of Finisar consisted of the following (in $000):

	Shares				Per Share				Total Consideration
Cash paid for outstanding shares of Finisar common stock								$		1,879,086
II-VI common shares issued to Finisar stockholders		26,712,822		$		36.98				987,707
Replacement equity awards attributable to precombination service										48,171
								$		2,914,964

Preliminary Allocation of Purchase Price Based on Estimated Fair Value of Assets Acquired and Liabilities Assumed

The Company allocated the fair value of the purchase price consideration to the tangible assets, liabilities, and intangible assets acquired, generally based on estimated fair values. The excess purchase price over those fair values is recorded as goodwill. Our valuation assumptions of acquired assets and assumed liabilities require significant estimates, especially with respect to intangible assets. Our preliminary allocation of the purchase price of Finisar, based on the estimated fair value of the assets acquired and liabilities assumed as of the Closing Date, is as follows (in $000):

			Purchase Price Allocation (Preliminary)
Cash and cash equivalents				842,764
Current assets		$		260,864
Inventories				437,867
Property, plant & equipment				748,858
Intangible assets				827,689
Other assets				82,624
Accounts payable				(123,707	)
Other accrued liabilities				(148,425	)
Deferred tax liabilities				(197,809	)
Debt				(575,000	)
Goodwill				759,239
Total Purchase Price		$		2,914,964

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

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- 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

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-Name Accounting Standards Codification
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-SubTopic 20
-Section 50
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