Business Combination (Tables)

9 Months Ended

Sep. 30, 2014

Summary of Purchase Accounting and Tangible and Intangible Assets Acquired

The Company accounted for its acquisition of the NeoPhotonics Semiconductor assets and assumed liabilities as a business combination. NeoPhotonics Semiconductor’s tangible and identifiable intangible assets acquired and liabilities assumed were recorded based upon their estimated fair values as of the closing date of the acquisition. The estimated fair values of the identifiable assets acquired and liabilities assumed approximated the purchase price; therefore, no goodwill was recorded. The following table summarizes the acquisition accounting and the tangible and intangible assets acquired as of the date of acquisition and subsequent adjustments (in thousands):

Total purchase consideration:
Cash paid	$	13,128
Notes payable		11,130
	$	24,258
Liabilities assumed:
Pension and retirement obligations	$	6,471
Other compensation-related liabilities		1,083
Other current liabilities		1,265
	$	8,819
Fair value of assets acquired:
Inventory	$	13,309
Other current assets		35
Land, property, plant and equipment		14,433
Intangible assets acquired:
Developed technology		2,120
Customer relationships		3,180
	$	33,077

Pro forma Information for Business Acquisition

The unaudited pro forma results do not assume any operating efficiencies as a result of the consolidation of operations (in thousands, except per share data):

	Nine Months Ended September 30, 2013
Revenue	$	220,558
Net loss	$	(18,942	)
Basic and diluted net loss per share	$	(0.61	)