Acquisitions (Tables) (Oclaro Incorporated)

3 Months Ended

Sep. 30, 2013

Oclaro Incorporated

Summary of Purchase Price

The purchase price of the Laser Enterprise acquisition is summarized as follows ($000):

Net cash paid at acquisition date	$	90,601
Holdback amount recorded in Other accrued liabilities		2,000
Holdback amount recorded in Other liabilities		6,000
Purchase price	$	98,601

Allocation of Purchase Price of Assets Acquired and Liabilities Assumed at Date of Acquisition

The following table presents the preliminary allocation of the purchase price of the assets acquired and liabilities assumed at the date of acquisition, as the Company intends to finalize its accounting for the acquisition of Laser Enterprise during fiscal year 2014 ($000):

Assets
Inventories	$	27,214
Prepaid and other assets		1,006
Deferred income taxes		2,376
Property, plant & equipment		28,068
Intangible assets		32,593
Goodwill		39,041
Total assets acquired	$	130,298
Liabilities
Accounts payable	$	2,214
Deferred income taxes		13,467
Accrued income taxes		2,714
Other accrued liabilities		13,302
Total liabilities assumed	$	31,697
Net assets acquired	$	98,601

Pro-forma Consolidated Results of Operations

The following unaudited pro forma consolidated results of operations for the three months ended September 30, 2013 and 2012 have been prepared as if the acquisition of Laser Enterprise had occurred on July 1, 2012, the beginning of the Company’s fiscal year 2013, which is the fiscal year prior to this acquisition. As a result, certain transaction related expenses of $3.3 million (net of tax) were only included in the earliest period presented below ($000 except per share data).

	Three Months Ended September 30,
	2013		2012
Net revenues	$	168,845	$	157,577
Net earnings attributable to II-VI Incorporated		12,342		9,264
Basic earnings per share		0.20		0.15
Diluted earnings per share		0.19		0.14