Business Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

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

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

(1) Value determined based on closing price of Diodes’ stock on the date the acquisition agreement. 

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 acquired and liabilities assumed based on relative fair value at the date of acquisition and the corresponding line item in the Company’s consolidated balance sheet at the date of acquisition. U.S. GAAP permits companies to complete the final determination of the fair values during the measurement period from 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 assets acquired and liabilities assumed has not been completed and the following table 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		55,710
Prepaid expenses and other current assets		11,447
Property, plant and equipment		67,952
Deferred income tax		15,732
Other long-term assets		26,037
Total assets acquired		352,820
Line of credit		88,508
Accounts payable		35,245
Accrued liabilities and other		48,992
Income tax payable		6,264
Deferred tax liabilities		8,941
Other long-term liabilities		10,783
Total liabilities assumed		198,733
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.

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		9.9
Noncontrolling interest		11.8

Wafer Fabrication Facility ("GFAB")

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 GFAB acquisition and the corresponding line item in which the item is recorded in our condensed consolidated balance sheet.

Property, plant and equipment	$	24.4
Inventories		3.6
Prepaid expenses and other		5.2
Goodwill		0.9
Deferred tax liabilities		1.0