Acquisition

6 Months Ended

Jun. 30, 2016

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

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 we acquired our 100% interest 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.

During the three months ended June 30, 2016, we updated the purchase price allocation of J-Devices for a previously unrecognized tax provision liability at J-Devices of $11.6 million. See Note 1 and 17 for additional information.

The following table presents the initial purchase price allocation and subsequent adjustments:

	Initial Allocation			Adjustments			Revised Allocation
	(In thousands)
Fair value of consideration transferred:
Cash	$	105,391		$	—		$	105,391
Fair value of our previously held equity interest in J-Devices	167,684			(7,597		)	160,087
Total	$	273,075		$	(7,597	)	$	265,478
Recognized amounts of identifiable assets acquired and liabilities assumed:
Cash	$	127,968		$	—		$	127,968
Accounts receivable	180,177			—			180,177
Inventory	42,502			—			42,502
Other current assets	2,363			—			2,363
Property, plant and equipment	230,319			—			230,319
Other assets	9,268			—			9,268
Short-term borrowings and current portion of long-term debt	(36,770		)	—			(36,770		)
Other current liabilities	(251,405		)	—			(251,405		)
Long-term debt	(18,885		)	—			(18,885		)
Pension obligations	(22,250		)	—			(22,250		)
Other non-current liabilities	(9,655		)	(11,563		)	(21,218		)
Total identifiable net assets	253,632			(11,563		)	242,069
Goodwill	19,443			3,966			23,409
Total	$	273,075		$	(7,597	)	$	265,478