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Other Acquisitions and Investments (Tables) | 3 Months Ended
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Sep. 30, 2020
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of Preliminary Purchase Price Allocation of Assets Acquired and Liabilities Assumed | Our final 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):
|  | Final Purchase Price Allocation
|  | Previously |  |  |  | Measurement |  |
|  | Reported |  | Reclassification |  | Period |  |
|  | September 30, 2019 |  | Adjustments |  | Adjustments (a) |  | As Adjusted
Cash and cash equivalents |  | $ | 842,764 |  |  | $ | (287) |  |  | $ | — |  |  | $ | 842,477 |
Accounts receivable |  | 260,864 |  |  | — |  |  | (1,523) |  |  | 259,341 |
Inventories |  | 437,867 |  |  | — |  |  | 1,841 |  |  | 439,708 |
Property, plant & equipment |  | 748,858 |  |  | — |  |  | (91,145) |  |  | 657,713 |
Intangible assets |  | 827,689 |  |  | — |  |  | (162,489) |  |  | 665,200 |
Other assets |  | 82,624 |  |  | 287 |  |  | (6,443) |  |  | 76,468 |
Deferred tax assets |  | — |  |  | — |  |  | 16,267 |  |  | 16,267 |
Accounts payable |  | (123,707) |  |  | — |  |  | — |  |  | (123,707) |
Other accrued liabilities (a) |  | (148,425) |  |  | (43,964) |  |  | (3,199) |  |  | (195,588) |
Deferred tax liabilities (a) |  | (197,809) |  |  | 43,964 |  |  | 85,179 |  |  | (68,666) |
Debt |  | (575,000) |  |  | — |  |  | — |  |  | (575,000) |
Goodwill (a) |  | 759,239 |  |  | — |  |  | 155,051 |  |  | 914,290 |
Total Purchase Price |  | $ | 2,914,964 |  |  | $ | — |  |  | $ | (6,461) |  |  | $ | 2,908,503 |
(a) During the quarter ended September 30, 2020, the Company finalized its warranty reserve liabilities resulting in a reduction of other accrued liabilities by approximately $6.5 million, with a corresponding decrease to goodwill and deferred tax liabilities. The following table presents a preliminary allocation of the purchase price of the assets acquired and liabilities assumed at the date of acquisition ($000):
Assets |
Developed technology | $ | 20,000 |
Goodwill | 18,922 |
Other assets | 2,511 |
Total assets acquired | $ | 41,433 |
Liabilities |
Non-interest bearing liabilities | $ | (203) |
Deferred tax liability | (4,526) |
Total liabilities assumed | (4,729) |
Net assets acquired | $ | 36,704 |
Summary of Equity in Nonconsolidated Investment | The following table summarizes the Company's equity in this nonconsolidated investment:
Location |  | Interest Type |  | Ownership % as of September 30, 2020 |  | Equity as of September 30, 2020 ($000)
USA |  | Equity Investment |  | 93.8% |  | $ | 59,539 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + 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=121647850&loc=d3e4845-128472 + Details
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