Acquisitions and Divestitures (Tables)

9 Months Ended

Sep. 30, 2021

Summary of Major Classes of Assets and Liabilities Classified as Held-for-Sale on Condensed Consolidated Balance Sheet

The table below sets forth the major classes of assets and liabilities that have been classified as held-for-sale on the condensed consolidated balance sheet:

Assets
Cash and cash equivalents	$	8,443
Accounts receivable, net		1,147
Inventories, net		6,351
Other current assets		1,227
Property, plant and equipment		6,303
Deferred income tax		4,934
Other long-term assets		103
Assets classified as held for sale		28,508
Liabilities
Accounts payable		6,368
Accrued liabilities and other		3,537
Other long-term liabilities		2
Liabilities classified as held for sale		9,907
Valuation allowance for accrued loss		(601	)
Net assets classified as held for sale (included in prepaid expenses and other)	$	18,000

Lite On Semiconductor

Summary of Fair Value of Assets and Liabilities Related to Acquisition Recorded in Condensed Consolidated Balance Sheet

U.S. GAAP permits companies to complete the final determination of the fair values during the measurement period following the acquisition date. The size and breadth of the LSC acquisition will necessitate the use of this measurement period to adequately analyze and assess a number of the factors used in establishing the asset and liability fair values as of the acquisition date including (i) changes in fair values of property, plant and equipment and inventories, (ii) changes in fair value of certain liabilities assumed and (iii) tax impact associated with any other changes in fair value. Any potential adjustments made could be material in relation to the preliminary values. A final determination of the LSC assets acquired and liabilities assumed has not been completed and the table below is considered preliminary. The Company engaged a third party valuation specialist to assist with the assessment of any intangibles assets acquired as part of the LSC acquisition, and it was determined that there were no intangible assets as a result of the LSC acquisition.

Cash and cash equivalents	$	131,046
Accounts receivable		44,896
Inventories		55,041
Prepaid expenses and other current assets		11,447
Property, plant and equipment		66,351
Deferred income tax		15,732
Other long-term assets		26,037
Total assets acquired		350,550
Line of credit		88,508
Accounts payable		35,245
Accrued liabilities and other		35,987
Income tax payable		16,999
Deferred tax liabilities		8,941
Other long-term liabilities		10,783
Total liabilities assumed		196,463
Non-controlling interest		(54	)
Net assets acquired	$	154,033

Savitech Acquisition

Summary of Fair Value of Assets and Liabilities Related to Acquisition Recorded in Condensed Consolidated Balance Sheet

The table below sets forth the fair value of the assets and liabilities recorded in the acquisition and the corresponding line item in which the item is recorded in our condensed consolidated balance sheet at the date of acquisition (in millions).

Cash and cash equivalents	$	6.2
Prepaid expenses and other		0.7
Goodwill		13.9
Intangible assets, net		6.1
Other long-term assets		0.4
Accrued liabilities and other		10.2
Noncontrolling interest		11.8