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RELATED-PARTY TRANSACTIONS
6 Months Ended
Apr. 03, 2020
Related Party Transactions [Abstract]  
RELATED-PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS
Investment in Privately-Held Companies
        The Company has a 40% ownership interest in dpiX Holding LLC (“dpiX Holding”), a four-member consortium that has a 100% ownership interest in dpiX LLC (“dpiX”), a supplier of amorphous silicon based thin film transistor arrays for digital flat panel image detectors. In accordance with the dpiX Holding operating agreement, net profits or losses are allocated to the members in accordance with their ownership interests.
        The investment in dpiX Holding is accounted for under the equity method of accounting. When the Company recognizes its share of net profits or losses of dpiX Holding, profits or losses in inventory purchased from dpiX are eliminated. During the three months ended April 3, 2020 and March 29, 2019, the Company recorded income/(loss) on the equity investment in dpiX Holding of $(0.8) million and zero, respectively. During the six months ended April 3, 2020 and March 29, 2019, the Company recorded income/(loss) on the equity investment in dpiX Holding of $0.1 million and $(0.7) million, respectively. Income and loss on the equity investment in dpiX Holding is included in other income (expense), net in the condensed consolidated statements of earnings. The carrying value of the equity investment in dpiX Holding was $47.9 million and $48.1 million at April 3, 2020 and September 27, 2019, respectively.
        During the three months ended April 3, 2020 and March 29, 2019, the Company purchased glass transistor arrays from dpiX totaling $5.3 million and $1.4 million, respectively. During the six months ended April 3, 2020 and March 29, 2019, the Company purchased glass transistor arrays from dpiX totaling $10.9 million and $4.2 million, respectively. These purchases of glass transistor arrays are included as a component of inventories on the condensed consolidated balance sheets or cost of revenues in the condensed consolidated statements of earnings.
        As of April 3, 2020, and September 27, 2019, the Company had accounts payable to dpiX totaling $7.0 million and $3.6 million, respectively.
        In October 2013, the Company entered into an amended agreement with dpiX and other parties that, among other things, provides the Company with the right to 50% of dpiX’s total manufacturing capacity produced after January 1, 2014. In addition the amended agreement requires the Company to pay for 50% of the fixed costs (as defined in the amended agreement), as determined at the beginning of each calendar year. In January 2020, the fixed cost commitment was determined and approved by the dpiX board of directors to be $12.7 million for calendar year 2020. As of April 3, 2020, the Company had $9.5 million fixed cost commitments related to this agreement remaining for calendar year 2020. The amended agreement will continue unless the ownership structure of dpiX changes as provided in the amended agreement.
        The Company has determined that dpiX is a variable interest entity because at-risk equity holders, as a group, lack the characteristics of a controlling financial interest. Majority votes are required to direct the manufacturing activities, legal operations and other activities that most significantly affect dpiX’s economic performance. The Company does not have majority voting rights and no power to direct the activities of dpiX and therefore is not the primary beneficiary of dpiX. The Company’s exposure to loss as a result of its involvement with dpiX is limited to the carrying value of the Company’s investment of $47.9 million and fixed cost commitments.
        In November 2018, the Company and CETTEEN GmbH (“CETTEEN”), formed a German limited liability company that governs the affairs and conduct of the business of VEC Imaging Verwaltungsgesellschaft GmbH (“VEC”), a joint venture formed to develop technology for use in X-ray imaging components. In accordance with the VEC agreement, net profits or losses are allocated to the members in accordance with their ownership interest. The Company's investment in VEC is accounted for under the equity method. As of April 3, 2020, the Company has made contributions totaling $4.0 million, and has committed to contribute an additional $1.1 million as milestones are achieved, and to provide certain full-time employees to support prototyping and manufacturing activities in exchange for a 50% interest in VEC. CETTEEN made contributions of certain assets including intellectual property in exchange for a 50% interest in VEC. The Company's investment in VEC was $2.6 million and $2.0 million at April 3, 2020 and September 27, 2019, respectively .