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Acquisition
3 Months Ended
Mar. 31, 2016
Business Combinations [Abstract]  
Acquisition
3.    Acquisition

Acquisition of J-Devices

Through the exercise of additional options, on December 30, 2015, we increased our ownership interest in J-Devices from 65.7% to 100% for a purchase price of $105.4 million.

The governance provisions applicable to J-Devices before our ownership reached 80% restricted our ability, even with our majority ownership, to cause J-Devices to take certain actions without the consent of the other investors. Accordingly, prior to December 30, 2015, we accounted for our investment in J-Devices using the equity method of accounting. Upon the increase in our ownership interest to 100% on December 30, 2015, the governance restrictions lapsed and, accordingly, we changed our accounting for J-Devices to the consolidation method effective December 30, 2015. The acquisition date fair value of consideration transferred was $273.1 million, including the cash payment of $105.4 million and fair value of our previously held equity interest in J-Devices of $167.7 million. The acquisition resulted in the recognition of $19.4 million of goodwill.