Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2021

Summary of Major Classes of Assets and Liabilities Classified as Held-for-Sale on Condensed Consolidated Balance Sheet and Gain Recognized In Other Income on The Consolidated Statement of Income

The table below sets forth the major classes of assets and liabilities that were previously classified as held-for-sale on the consolidated balance sheet and the gain recognized in other income on the consolidated statement of income:

Assets
Cash and cash equivalents	$	8,936
Accounts receivable, net		16,347
Inventories, net		5,415
Other current assets		1,387
Property, plant and equipment		5,598
Deferred income tax		3,198
Other long-term assets		4,807
Total assets disposed	$	45,688
Liabilities
Accounts payable		5,025
Accrued liabilities and other		4,913
Other long-term liabilities		2,471
Total liabilities disposed		12,409
Net assets disposed	$	33,279

Lite On Semiconductor

Summary of Business Acquisition, Purchase Price

Total consideration paid	$	453.4
Less: Settlement of pre-existing relationships
Reacquisition of Diodes stock owned by LSC (1)		(296.8	)
Net accounts receivable on LSC books owed by Diodes		(2.6	)
Total amount of pre-existing relationship settled		(299.4	)
Remaining consideration	$	154.0

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.

	Original Preliminary					Final
	Value		Adjustments			Value
Cash and cash equivalents	$	131,046	$	-		$	131,046
Accounts receivable		44,896		-			44,896
Inventories		55,710		(714	)		54,996
Prepaid expenses and other current assets		11,447		-			11,447
Property, plant and equipment		67,952		4,808			72,760
Deferred income tax		15,732		(1,412	)		14,320
Other long-term assets		26,037					26,037
Total assets acquired		352,820		2,682			355,502
Line of credit		88,508		-			88,508
Accounts payable		35,245		-			35,245
Accrued liabilities and other		48,992		(14,297	)		34,695
Income tax payable		6,264		10,735			16,999
Deferred tax liabilities		8,941		6,244			15,185
Other long-term liabilities		10,783		-			10,783
Total liabilities assumed		198,733		2,682			201,415
Non-controlling interest		54		-			54
Net assets acquired	$	154,033	$	-		$	154,033

Business Acquisition, Unaudited Pro Forma Information

The following unaudited pro forma summary presents consolidated information of the Company as if the acquisition and consolidation of LSC had occurred on January 1, 2019:

	Twelve Months Ended		Twelve Months Ended
	December 31, 2020		December 31, 2019
Net revenues	$	1,421,494	$	1,447,001
Net income	$	95,908	$	140,027
Net income attributable to common stockholders	$	96,517	$	139,603
Earnings per share - basic	$	2.23	$	3.24
Earnings per share - diluted	$	2.18	$	3.17

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