Finisar Acquisition (Tables)

3 Months Ended

Sep. 30, 2020

Final Allocation of Purchase Price Based on Estimated Fair Value of Assets Acquired and Liabilities Assumed

Our final allocation of the purchase price of Finisar, based on the estimated fair value of the assets acquired and liabilities assumed as of the Closing Date, is as follows (in $000):


	Final Purchase Price Allocation
	Previously				Measurement
	Reported		Reclassification		Period
	September 30, 2019		Adjustments		Adjustments (a)		As Adjusted
Cash and cash equivalents	$	842,764	$	(287)	$	—	$	842,477
Accounts receivable	260,864		—		(1,523)		259,341
Inventories	437,867		—		1,841		439,708
Property, plant & equipment	748,858		—		(91,145)		657,713
Intangible assets	827,689		—		(162,489)		665,200
Other assets	82,624		287		(6,443)		76,468
Deferred tax assets	—		—		16,267		16,267
Accounts payable	(123,707)		—		—		(123,707)
Other accrued liabilities (a)	(148,425)		(43,964)		(3,199)		(195,588)
Deferred tax liabilities (a)	(197,809)		43,964		85,179		(68,666)
Debt	(575,000)		—		—		(575,000)
Goodwill (a)	759,239		—		155,051		914,290
Total Purchase Price	$	2,914,964	$	—	$	(6,461)	$	2,908,503

(a) During the quarter ended September 30, 2020, the Company finalized its warranty reserve liabilities resulting in a reduction of other accrued liabilities by approximately $6.5 million, with a corresponding decrease to goodwill and deferred tax liabilities. The following table presents a

preliminary allocation of the purchase price of the assets acquired and liabilities assumed at the date of acquisition ($000):


Assets
Developed technology	$	20,000
Goodwill	18,922
Other assets	2,511
Total assets acquired	$	41,433
Liabilities
Non-interest bearing liabilities	$	(203)
Deferred tax liability	(4,526)
Total liabilities assumed	(4,729)
Net assets acquired	$	36,704