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Finisar Acquisition (Tables) - Finisar Corporation | 6 Months Ended
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Dec. 31, 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 pre-combination service |  |  |  |  |  |  |  |  |  | 41,710 |
|  |  |  |  |  |  |  | $ |  | 2,908,503 |
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 |  | $ |  | 842,477 |
Current assets |  |  |  | 260,864 |
Inventories |  |  |  | 439,708 |
Property, plant & equipment |  |  |  | 748,858 |
Intangible assets |  |  |  | 828,630 |
Other assets |  |  |  | 82,929 |
Deferred tax assets |  |  |  | 12,267 |
Accounts payable |  |  |  | (123,707 | )
Other accrued liabilities |  |  |  | (163,109 | )
Deferred tax liabilities |  |  |  | (219,544 | )
Debt |  |  |  | (575,000 | )
Goodwill |  |  |  | 774,130 |
Total Purchase Price |  | $ |  | 2,908,503 |
Unaudited Supplemental Pro Forma Financial Information | The unaudited supplemental pro forma financial information for the period presented is as follows (in $000):
|  |  | Three Months |  |  |  | Six Months |  |  |  | Three Months |  |  |  | Six Months |
|  |  | Ended December |  |  |  | Ended December |  |  |  | Ended December |  |  |  | Ended December |
|  |  | 31, 2019 |  |  |  | 31, 2019 |  |  |  | 31, 2018 |  |  |  | 31, 2018 |
Revenue |  | $ |  | 666,331 |  |  | $ |  | 1,274,487 |  |  | $ |  | 672,403 |  |  | $ |  | 1,300,266 |
Net Earnings (Loss) |  |  |  | (29,318 | ) |  |  |  | (30,956 | ) |  |  |  | (16,633 | ) |  |  |  | (147,820 | )

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- 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://fasb.org/us-gaap/role/ref/legacyRef -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://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
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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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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