Business Combinations (Tables) - Ultratech

9 Months Ended

Sep. 30, 2017

Schedule of acquisition date fair value of the consideration transferred net of cash acquired

	Acquisition Date
	(May 26, 2017)
	(in thousands)
Cash consideration, net of cash acquired	$	404,489
Equity consideration (7.2 million shares issued)	228,644
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	57,570
Prepaid expense and other current assets	7,217
Property, plant, and equipment	18,332
Intangible assets	346,940
Other assets	6,442

Total identifiable assets acquired	529,127

Accounts payable and accrued expenses	40,123
Customer deposits and deferred revenue	4,834
Deferred income taxes	32,478
Other liabilities	11,952

Total liabilities assumed	89,387

Net identifiable assets acquired	439,740
Goodwill	193,621

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	8 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 operations before income taxes

The amounts of revenue and income (loss) from operations before income taxes of Ultratech included in the Company’s consolidated statement of operations for the three and nine months ended September 30, 2017 are as follows:

	Three months ended September 30, 2017			Nine months ended September 30, 2017
	(in thousands)
Revenue	$	21,236		$	45,286
Loss from operations before income taxes	$	(21,556	)	$	(44,374	)

Schedule of pro forma financial information

	Three months ended September 30,						Nine months ended September 30,
	2017			2016			2017			2016
	(in thousands, except per share amounts)
Revenue	$	131,872		$	134,093		$	412,066		$	381,586
Loss from operations	(14,957		)	(74,197		)	(45,309		)	(187,499		)
Diluted earnings per share	$	(0.40	)	$	(1.67	)	$	(1.01	)	$	(4.34	)