BUSINESS COMBINATIONS (Tables)

12 Months Ended

Jun. 30, 2020

The purchase price of this acquisition was allocated as follows:


(In thousands)	Fair Value
Net tangible assets (including Cash and cash equivalents of $6.6 million)	$	7,196
Deferred tax liabilities	(15,265)
Identifiable intangible assets	47,931
Goodwill	54,168
Total	$	94,030

The allocation of the purchase price to the estimated fair value of the assets acquired and liabilities assumed at the Acquisition date, including all measurement period adjustments, is as follows:


(In thousands)	Purchase Price Allocation
Assets
Accounts receivable, net	$	197,873
Inventories	330,325
Contract assets	63,181
Other current assets	70,622
Property, plant, and equipment, net	97,664
Intangible assets	1,553,570
Other non-current assets	73,179
Total assets acquired	$	2,386,414

Liabilities
Accounts payable	$	53,015
Accrued liabilities	173,507
Other current liabilities	73,057
Deferred tax liabilities	786,671
Other non-current liabilities	86,789
Non-controlling interest	19,185
Total liabilities assumed	$	1,192,224

Total identifiable net assets acquired	$	1,194,190
Goodwill	1,845,728
Total purchase price	$	3,039,918

Non-recurring Adjustments to Unaudited Pro Forma Results Attributable to Business Combination

The table below reflects the impact of material and nonrecurring adjustments to the unaudited pro forma results for the indicated periods that are directly attributable to the acquisitions:


	Year ended June 30,
Non-recurring Adjustments (In thousands)	2019		2018
Decrease to revenue as a result of deferred revenue fair value adjustment	$	—	$	5,349
Increase to expense as a result of inventory fair value adjustment	$	1,029	$	85,778
(Decrease)/increase to expense as a result of transaction costs	$	(64,343)	$	64,343
Increase to expense as a result of compensation costs	$	7,201	$	39,888

Unaudited Pro Forma Information

The unaudited pro forma information presented below is for informational purposes only and is not necessarily indicative of our consolidated results of operations of the combined business had the acquisitions actually occurred at the beginning of fiscal year 2018 or of the results of our future operations of the combined businesses.



	Year ended June 30,
(In thousands)	2019		2018
Revenues	$	5,154,823	$	5,079,654
Net income attributable to KLA	$	1,288,467	$	608,542