Acquisitions (Tables)

9 Months Ended

Mar. 31, 2016

Purchase Price of Assets Acquired and Liabilities Assumed

The following table presents the allocation of the purchase price of the assets acquired and liabilities assumed at the date of acquisition ($000):

Net cash paid at acquisition	$	42,981
Cash paid for working capital adjustment		163
Fair value of cash earnout arrangement		6,000
Purchase price	$	49,144

Allocation of Purchase Price of Assets Acquired and Liabilities Assumed

The following table presents the preliminary allocation of the purchase price of the assets acquired and liabilities assumed at the date of acquisition, as the Company intends to finalize its accounting for the acquisition of EpiWorks within one year from the date of acquisition ($000):

Assets
Accounts receivable	$	2,121
Inventories		2,435
Prepaid and other assets		68
Property, plant & equipment		9,184
Intangible assets		19,911
Goodwill		24,133
Total assets acquired	$	57,852

Liabilities
Accounts payable	$	605
Other accrued liabilities		859
Deferred tax liabilities		7,244
Total liabilities assumed		8,708
Net assets acquired	$	49,144

ANADIGICS

Allocation of Purchase Price of Assets Acquired and Liabilities Assumed

The following table presents the preliminary allocation of the purchase price of the assets acquired and liabilities assumed at the date of acquisition as the Company intends to finalize its accounting for the acquisition of ANADIGICS within one year from the date of acquisition ($000):

Assets
Accounts receivable	$	3,973
Inventories		8,322
Prepaid and other assets		2,347
Property, plant & equipment		41,500
Intangible assets		23,537
Goodwill		21,060
Total assets acquired	$	100,739

Liabilities
Accounts payable	$	3,586
Other accrued liabilities		10,726
Deferred tax liabilities		10,915
Total liabilities assumed		25,227
Net assets acquired	$	75,512

EpiWorks and ANADIGICS

Pro-forma Consolidated Results of Operations

The following unaudited pro forma consolidated results of operations for the three and nine months ended March 31, 2016 and 2015 have been prepared as if the acquisitions of EpiWorks and ANADIGICS had occurred on July 1, 2014, the beginning of the Company’s fiscal year 2015, which is the fiscal year prior to the acquisitions. As a result, certain transaction related expenses of $2.8 million and $3.1 million, respectively, (net of tax) recorded in Selling, general and administrative in the Company’s Condensed Consolidated Statement of Earnings for the three and nine months ended March 31, 2016 were only included in the earliest period presented below ($000 except per share data).

	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2016		2015		2016		2015
Net revenues	$	213,711	$	204,764	$	624,879	$	614,927
Net earnings (loss)	$	6,740	$	7,349	$	26,126	$	21,609
Basic earnings per share	$	0.11	$	0.12	$	0.43	$	0.35
Diluted earnings per share	$	0.11	$	0.12	$	0.42	$	0.35