XML 92 R74.htm IDEA: XBRL DOCUMENT v3.6.0.2
Note 8 - Acquisitions - Fair Value of Samsung Corning Precision Materials at Acquisition Date (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 15, 2014
Dec. 31, 2014
Dec. 31, 2016
Dec. 31, 2015
Dec. 29, 2015
Less contingent consideration - receivable     $ (289,000) $ (246,000)  
Samsung Corning Precision Materials Co., Ltd. [Member]          
Ownership percentage   42.50%      
Ownership percentage   57.50%      
Ownership percentage   100.00%      
Fair value based on $1.9 billion consideration transferred   $ 1,911,000      
Fair value based on $1.9 billion consideration transferred   2,588,000      
Fair value based on $1.9 billion consideration transferred   4,499,000      
Less contingent consideration - receivable $ (196,000) (196,000) $ (289,000) $ (246,000) $ (458,000)
Less contingent consideration - receivable   (265,000)      
Less contingent consideration - receivable   (461,000)      
Net fair value of consideration @ 100%   1,715,000      
57.5% of Samsung Corning Precision Materials (2) 2,300,000 2,323,000 [1]      
Fair value Samsung Corning Precision Materials 4,000,000 4,038,000      
Corning’s loss on royalty contract (136,000) (136,000)      
Corning’s loss on royalty contract (184,000) (184,000)      
Corning’s loss on royalty contract (320,000) (320,000)      
Fair value post-acquisition   1,579,000      
Fair value post-acquisition 2,100,000 2,139,000      
Fair value post-acquisition   3,718,000      
Corning’s fair value 57.5% post-acquisition $ 2,100,000 2,139,000      
Total fair value at January 15, 2014   $ 3,718,000      
[1] As Corning was a 57.5% shareholder at the date of acquisition, immediately preceding the acquisition of Samsung Corning Precision Materials, Corning recognized an asset and respective gain as part of the calculation of its previously held equity investment which included approximately $184 million attributed to its economic interest in the royalty contract.