Acquisitions and Divestitures (Tables)

3 Months Ended

Mar. 31, 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	$	4,172
Accounts receivable		219
Inventories, net		7,982
Property, plant and equipment		8,282
Deferred income tax		4,870
Other long-term assets		540
Assets classified as held for sale		26,065
Liabilities
Accounts payable		6,646
Accrued liabilities and other		1,792
Other long-term liabilities		29
Liabilities classified as held for sale		8,467
Net assets classified as held for sale (included in prepaid expenses and other)	$	17,598

Lite On Semiconductor

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 LSC 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. During the period from January 1, 2021 and March 31, 2021, measurement period adjustments were made to inventories, property, plant and equipment, and accrued liabilities and other.  The adjustments represented a decrease to total assets acquired and a decrease to total liabilities assumed of $0.1 million. 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			55,710
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