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ACQUISITIONS (Tables) | 6 Months Ended
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Mar. 29, 2024
Business Combination and Asset Acquisition [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The following table summarizes the preliminary estimate of the purchase price (in thousands, except shares and closing share price amount):
|  |  |  |  |  | At Acquisition Date as Reported December 29, 2023 | Measurement Period Adjustments | At Acquisition Date as Reported March 29, 2024
Cash purchase consideration |  |  |  |  |  | $ | 75,000 |  | $ | — |  | $ | 75,000 |
Number of shares of MACOM common stock issued at closing |  |  |  |  | 711,528 |  |  |  |
Fair value of shares issued |  |  |  |  | $ | 81.14 |  |  |  |
Equity purchase consideration |  |  |  |  |  | 60,772 |  | (3,039) |  | 57,733 |
Total purchase consideration |  |  |  |  |  | $ | 135,772 |  | $ | (3,039) |  | $ | 132,733 |
The purchase price for the RF Business Acquisition has been allocated based on preliminary estimates of fair values of the acquired assets and assumed liabilities at the date of acquisition as follows (in thousands):
|  |  |  |  | At Acquisition Date as Reported December 29, 2023 | Measurement Period Adjustments | At Acquisition Date as Reported March 29, 2024
Current assets |  |  |  |  | $ | 160 |  | $ | (121) |  | $ | 39 |
Inventory |  |  |  |  | 23,574 |  | 6,358 |  | 29,932 |
Property and equipment |  |  |  |  | 35,415 |  | — |  | 35,415 |
Intangible assets |  |  |  |  | 60,000 |  | (17,000) |  | 43,000 |
Prepayment for net assets associated with the RTP Fab Transfer |  |  |  |  | 19,450 |  | 500 |  | 19,950 |
Other non-current assets |  |  |  |  | 6,735 |  | (1,101) |  | 5,634 |
Goodwill |  |  |  |  | — |  | 8,584 |  | 8,584 |
Total assets acquired |  |  |  |  | 145,334 |  | (2,780) |  | 142,554 |
Current liabilities |  |  |  |  | 6,474 |  | 159 |  | 6,633 |
Long-term liabilities |  |  |  |  | 3,088 |  | 100 |  | 3,188 |
Total liabilities assumed |  |  |  |  | 9,562 |  | 259 |  | 9,821 |
Purchase Price |  |  |  |  | $ | 135,772 |  | $ | (3,039) |  | $ | 132,733 |
The purchase price for the MESC Acquisition has been allocated based on preliminary estimates of fair values of the acquired assets and assumed liabilities at the date of acquisition as follows (in thousands):
|  |  |  |  | At Acquisition Date as Reported March 29, 2024
Current assets |  |  |  |  | $ | 297 |
Inventory |  |  |  |  | 3,790 |
Property and equipment |  |  |  |  | 30,538 |
Intangible assets |  |  |  |  | 5,966 |
Total assets acquired |  |  |  |  | 40,591 |
Current liabilities |  |  |  |  | 3,734 |
Total liabilities assumed |  |  |  |  | 3,734 |
Purchase Price |  |  |  |  | $ | 36,857 |
The final purchase price has been allocated as follows (in thousands):
| At Acquisition Date as Reported September 29, 2023 |  | Measurement Period Adjustments |  | At Acquisition Date as Reported March 29, 2024
Current assets | $ | 2,819 |  |  | $ | (100) |  |  | $ | 2,719 |
Inventory | 8,907 |  |  | 1,407 |  |  | 10,314 |
Property and equipment | 5,485 |  |  | — |  |  | 5,485 |
Intangible assets | 29,600 |  |  | — |  |  | 29,600 |
Goodwill | 12,332 |  |  | (1,494) |  |  | 10,838 |
Total assets acquired | 59,143 |  |  | (187) |  |  | 58,956 |
Current liabilities | 7,544 |  |  | — |  |  | 7,544 |
Total liabilities assumed | 7,544 |  |  | — |  |  | 7,544 |
Purchase Price | $ | 51,599 |  |  | $ | (187) |  |  | $ | 51,412 |

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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 -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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