Business Combinations (Tables)

12 Months Ended

Aug. 31, 2019

EXFO Solutions [Member]

Disclosure of detailed information about business combination [line items]

Sales and net loss attributable to parent interest

The following table summarizes EXFO Solutions’ contributed sales and net loss attributable to the parent interest for the period from January 26, 2018 to August 31, 2018:

Sales (1)	$	16,377
Net loss attributable to the parent interest (1, 2)	$	12,850

If the acquisition had occurred on September 1, 2017, consolidated pro forma sales and net loss attributable to the parent interest of the combined entities for the year ended August 31, 2018 would have been $292,134,000 and $18,768,000 respectively.

(1) Includes acquisition-related deferred revenue fair value adjustment of $2,095,000.

(2) Includes amortization of acquired intangible assets of $5,077,000.

Estimate of fair value of acquired net assets at the date of acquisition

The fair value of the total consideration was allocated based on an estimate of fair value of acquired net assets at the date of acquisition as follows:

Assets acquired
Accounts receivable	$	16,374
Income taxes and tax credits recoverable		11,259
Inventories		3,045
Prepaid expenses		1,229
Property, plant and equipment		1,944
Core technologies		12,869
Customer relationships		8,381
Brand name		846
Other intangible assets		498
Other assets		1,402
		57,847
Liabilities assumed
Accounts payable and accrued liabilities		11,068
Deferred revenue		4,748
Long-term debt (note 12)		8,888
Deferred income tax liabilities		2,692
Other liabilities		6,715
Net identifiable assets acquired		23,736
Goodwill		2,505
Fair value of the total consideration, net of cash acquired	$	26,241

The fair value of the total consideration, net of cash acquired, consisted of the following at the acquisition date:

Cash paid net of cash acquired	$	9,580
Fair value of shares held		12,967
Non-controlling interest (purchased in February 2018)		3,694
	$	26,241

EXFO Optics S.A.S. [Member]

Disclosure of detailed information about business combination [line items]

Estimate of fair value of acquired net assets at the date of acquisition

The fair value of the total consideration was allocated based on an estimate of the fair value of acquired net assets at the date of acquisition as follows:

Assets acquired
Accounts receivable	$	1,889
Inventories		2,384
Property, plant and equipment		1,424
Core technologies		3,686
Customer relationships		811
In-process research and development		305
Other intangible assets		132
Prepaid expenses		171
		10,802
Liabilities assumed
Accounts payable and accrued liabilities		1,035
Long-term debt (note 12)		2,143
Deferred income taxes		1,510
Net identifiable assets acquired		6,114
Goodwill		3,426
Fair value of the total consideration, net of cash acquired	$	9,540