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Subsequent Events | 6 Months Ended
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Jun. 30, 2021
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events AnalogX Inc. On July 2, 2021, the Company completed its acquisition of all of the outstanding shares of AnalogX Inc. (“AnalogX”). AnalogX is a premier interconnect IP company. The Company acquired AnalogX for total cash consideration of approximately $47.7 million, including certain deferred payments and working capital adjustments, pursuant to the terms of the Purchase Agreement. In accordance with ASC 805, “Business Combinations,” the acquisitions of AnalogX will be recorded as purchase business acquisitions in the Company’s financial results for the three and nine months ended September 30, 2021. Given the timing of the completion of the AnalogX acquisition, the Company is currently in the process of valuing the assets acquired and liabilities assumed in the acquisition. As a result, the Company is unable to provide the amount recognized as of the acquisition date for the major classes of assets acquired and liabilities assumed and certain disclosures pertaining to the deferred payments. The Company will provide these disclosures in its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021. PLDA Group On June 16, 2021, the Company announced that it had entered into an agreement to acquire PLDA Group (“PLDA”). PLDA is a provider of high-speed interconnect solutions. The Company will acquire PLDA for an initial cash consideration of approximately $60 million and 0.3 million shares of the Company’s common stock. In addition, pursuant to the terms of an earn-out agreement, based upon the achievement of certain milestones, the Company will issue shares of the Company’s common stock, up to the following maximum amounts: 0.3 million shares after the first anniversary of the transaction, 0.4 million shares after the second anniversary, and 0.5 million shares after the third anniversary. The transaction with PLDA, which is subject to customary closing conditions and approvals, is expected to close in the third quarter of 2021.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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