Acquisitions (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of the Final Allocation of the Purchase Price to Net Assets

The table below represents the final allocation of the purchase price to net assets acquired as of December 20, 2019:


(in millions)
Property, plant, and equipment	$	0.6
Developed technology	33.3
In-process research and development	3.7
Non-competition agreement	1.6
Goodwill	18.8
Assumed current liabilities	(0.1)
Total purchase price	$	57.9

Schedule of Pro-forma summary for an Acquisition

The following unaudited pro-forma summary presents consolidated financial information for the three and six months ended June 30, 2019 as if the ASIC Design Business had been acquired on January 1, 2018. The unaudited pro-forma financial information is based on historical results of operations and financial positions of the Company and the ASIC Design Business. The pro-forma results include estimated amortization of definite-lived intangible assets and exclude transaction costs.

The unaudited pro-forma financial information does not necessarily represent the results that would have occurred had the acquisition occurred on January 1, 2018. In addition, the unaudited pro-forma information should not be deemed to be indicative of future results.


	(unaudited)
(in millions, except share and per share amounts)	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Earnings (loss) from continuing operations:
As reported	$	5.9	$	3.2
Pro-forma	3.5		(1.5)
Basic earnings (loss) per share from continuing operations:
As reported	$	0.06	$	0.04
Pro-forma	0.04		(0.02)
Diluted earnings (loss) per share from continuing operations:
As reported	$	0.06	$	0.03
Pro-forma	0.04		(0.02)