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ACQUISITIONS (Tables)

6 Months Ended

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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- References

No definition available.

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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

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

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