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Business Combinations (Tables) - Ultratech | 6 Months Ended
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Jun. 30, 2017
Schedule of acquisition date fair value of the consideration transferred net of cash acquired |
|  | Acquisition Date |
|  | (May 26, 2017) |
|  | (in thousands) |
Amount paid, net of cash acquired |  | $ | 399,478 |
Fair value of equity issuances (7.4 million shares issued) |  | 233,655 |
Replacement equity awards attributable to pre-acquisition service |  | 228 |
Acquisition date fair value |  | $ | 633,361 |
Summary of the estimated fair values of the assets acquired, net of cash acquired, and liabilities assumed |
|  | Acquisition Date |
|  | (May 26, 2017) |
|  | (in thousands) |
Short-term investments |  | $ | 47,161 |
Accounts receivable |  | 45,465 |
Inventory and deferred cost of sales |  | 61,680 |
Prepaid expense and other current assets |  | 7,217 |
Property, plant, and equipment |  | 19,555 |
Intangible assets |  | 346,940 |
Other assets |  | 6,442 |
Total identifiable assets acquired |  | 534,460 |
Accounts payable and accrued expenses |  | 40,087 |
Customer deposits and deferred revenue |  | 4,834 |
Deferred income taxes |  | 32,478 |
Other liabilities |  | 11,952 |
Total liabilities assumed |  | 89,351 |
Net identifiable assets acquired |  | 445,109 |
Goodwill |  | 188,252 |
Net assets acquired |  | $ | 633,361 |
Schedule of classes of intangible assets acquired and the estimated weighted-average useful life of each class |
|  | Acquisition Date |
|  | (May 26, 2017) |
|  | Amount |  | Useful life |
|  | (in thousands) |  |  |
Technology |  | $ | 158,390 |  | 9 years |
Customer relationships |  | 116,710 |  | 12 years |
Backlog |  | 3,080 |  | 6 months |
In-process research and development |  | 43,340 |  | * |
Trademark and tradenames |  | 25,420 |  | 7 years |
Intangible assets acquired |  | $ | 346,940 |  |  |
*In-process research and development will be amortized (or impaired) upon completion (or abandonment) of the development project
Schedule of amounts of revenue and income (loss) from continuing operations before income taxes | The amounts of revenue and income (loss) from continuing operations before income taxes of Ultratech included in the Company’s consolidated statement of operations from the acquisition date to the period ending June 30, 2017 are as follows:
|  | Total |
|  | (in thousands) |
Revenue |  | $ | 24,050 |
Loss from operations before income taxes |  | $ | (21,445 | )
Schedule of pro forma financial information |
|  | Three months ended June 30, |  | Six months ended June 30, |
|  | 2017 |  | 2016 |  | 2017 |  | 2016 |
|  | (in thousands, except per share amounts) |
Revenue |  | $ | 128,399 |  | $ | 124,272 |  | $ | 280,194 |  | $ | 247,493 |
Loss from operations |  | (28,898 | ) | (54,380 | ) | (32,852 | ) | (128,860 | )
Diluted earnings per share |  | $ | (0.61 | ) | $ | (1.17 | ) | $ | (0.70 | ) | $ | (2.78 | )

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
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