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BUSINESS ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2020

Business Acquisition [Line Items]

Summary of intangible assets

A summary of the intangible assets acquired, amortization method and estimated useful lives are as follows:

​

​	​	​	​	​	​	​	​	​
​		​	​		Amortization		​	​
​	​	​	​	​	Method	​	Useful Life	​
Technology	​	$	28,000		Straight-line		5	​
Customer relationships	​		75,000		Straight-line		15	​
Tradename	​		21,000		Straight-line		10	​
Total	​	$	124,000					​

Versatile Power Inc [Member]

Business Acquisition [Line Items]

Schedule of components of fair value of total consideration transferred

​

​	​	​	​
Cash paid for acquisition		$	4,594
Holdback	​	​	950
Contingent consideration	​	​	1,500
Total fair value of consideration transferred	​	​	7,044
Less cash acquired	​	​	(245)
Total purchase price	​	$	6,799

Schedule of fair value of assets acquired and liabilities assumed

​

​	​	​	​
​		Preliminary Fair Value December 31, 2020
Current asset and liabilities, net	​	$	1,015
Property and equipment	​	​	35
Operating lease right-of-use assets	​	​	453
Intangible assets	​	​	4,000
Goodwill	​	​	1,749
Total assets acquired	​	​	7,252
Operating lease liability	​	​	453
Total liabilities assumed	​	​	453
Total fair value of net assets acquired	​	$	6,799

Artesyn's Embedded Power Business [Member]

Business Acquisition [Line Items]

Schedule of components of fair value of total consideration transferred

The components of the fair value of the total consideration transferred are as follows:

​

​	​	​	​
​		​	​
Cash paid for acquisition	​	$	390,453
Contingent consideration	​	​	3,008
Total fair value of consideration transferred	​	​	393,461
Less cash acquired	​		(23,225)
Total purchase price	​	$	370,236

Schedule of fair value of assets acquired and liabilities assumed

​

​	​	​	​
​		Final Fair Value December 31, 2020
Accounts and other receivable, net	​	$	132,466
Inventories	​	​	156,407
Property and equipment	​	​	63,321
Operating lease right-of-use assets	​	​	54,439
Goodwill	​	​	114,998
Intangible assets	​	​	124,000
Other assets	​	​	63,214
Total assets acquired	​	​	708,845
Accounts payable	​	​	152,635
Operating lease liability	​	​	54,515
Pension liability	​	​	48,315
Deferred income tax liabilities	​	​	1,695
Other liabilities	​	​	81,449
Total liabilities assumed	​	​	338,609
Total fair value of net assets acquired	​	$	370,236

Schedule of unaudited pro forma information

​

​	​	​	​	​	​	​
​	​	Year Ended December 31,
​	​	2019
​		As Reported			Pro Forma
Total sales		$	788,948		$	1,202,790
Net income attributable to Advanced Energy Industries, Inc.		$	64,941		$	83,104
Earnings per share:		​	​		​	​
Basic earnings per share	​	$	1.70	​	$	2.17
Diluted earnings per share	​	$	1.69	​	$	2.16

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