Finisar Acquisition (Tables) - Finisar Corporation

6 Months Ended

Dec. 31, 2019

Preliminary Fair Value of Consideration

The preliminary total fair value of consideration paid in connection with the acquisition of Finisar consisted of the following (in $000):

	Shares			Per Share			Total Consideration
Cash paid for outstanding shares of Finisar common stock						$		1,879,086
II-VI common shares issued to Finisar stockholders		26,712,822	$		36.98			987,707
Replacement equity awards attributable to pre-combination service								41,710
						$		2,908,503

Preliminary Allocation of Purchase Price Based on Estimated Fair Value of Assets Acquired and Liabilities Assumed

The Company allocated the fair value of the purchase price consideration to the tangible assets, liabilities, and intangible assets acquired, generally based on estimated fair values. The excess purchase price over those fair values is recorded as goodwill. Our valuation assumptions of acquired assets and assumed liabilities require significant estimates, especially with respect to intangible assets. Our preliminary allocation of the purchase price of Finisar, based on the estimated fair value of the assets acquired and liabilities assumed as of the Closing Date, is as follows (in $000):

		Purchase Price Allocation (Preliminary)
Cash and cash equivalents	$		842,477
Current assets			260,864
Inventories			439,708
Property, plant & equipment			748,858
Intangible assets			828,630
Other assets			82,929
Deferred tax assets			12,267
Accounts payable			(123,707	)
Other accrued liabilities			(163,109	)
Deferred tax liabilities			(219,544	)
Debt			(575,000	)
Goodwill			774,130
Total Purchase Price	$		2,908,503

Unaudited Supplemental Pro Forma Financial Information

The unaudited supplemental pro forma financial information for the period presented is as follows (in $000):

		Three Months				Six Months				Three Months				Six Months
		Ended December				Ended December				Ended December				Ended December
		31, 2019				31, 2019				31, 2018				31, 2018
Revenue	$		666,331		$		1,274,487		$		672,403		$		1,300,266
Net Earnings (Loss)			(29,318	)			(30,956	)			(16,633	)			(147,820	)