Acquisitions:

We used the acquisition method of accounting to record the below transactions in accordance with FASB Accounting Standards Codification Topic

805,

“Business Combinations.” In accordance with the acquisition method, the purchase price is allocated to the assets acquired and liabilities assumed based on their estimated fair values with the excess being allocated to goodwill. Factors that contributed to the recognition of goodwill include expected synergies and the trained workforce. The goodwill is

not

deductible for tax purposes.

October 2, 2017,

AVX acquired the AB Electronics sensing and control business from TT Electronics, PLC, for

$162,038,

net of cash acquired. Now named Sensing and Control (“S&C”) and consolidated with our Interconnect, Sensing and Control Devices segment (formerly AVX Interconnect) for financial reporting purposes, the acquisition enhances AVX’s position in the automotive business and provides further opportunities for expansion and growth.

The results of operations for S&C since the acquisition date are included in the accompanying consolidated statements of operations.

Assets Acquired and Liabilities Assumed	Allocation of Purchase Price
Accounts receivable	$	61,483
Inventory		42,443
Accounts payable and accrued liabilities		(67,930	)
Other current assets and liabilities, net		8,566
Working capital		44,562
Property and equipment		85,794
Intangible assets		18,168
Other non-current assets and liabilities, net		(13,806	)
Total identified assets and liabilities		134,718
Purchase price		162,038
Goodwill	$	27,320

We recorded approximately

$18,168

of identifiable intangible assets and

$27,320

of goodwill pertaining to this acquisition. The acquired intangible assets relate to the AB Electronics trade name, existing technology and customer relationships which are being amortized over one, eleven, and

six

years respectively.

The unaudited pro forma combined financial information is provided for the

nine

month period ended

December 31, 2017

as though S&C had been acquired as of

April 1, 2017.

These pro forma combined results of revenues have been prepared by adjusting our historical results to include the historical results of S&C based on information available. Unaudited pro forma net sales for the

nine

month period ending

December 31, 2017

would have been

$1,302,956

with the inclusion of S&C's net sales for such period. We recognized revenue on S&C products of

$266,970

for the

nine

month period ended

December 31, 2018.

January 31, 2018,

AVX acquired Ethertronics, Inc. for

$127,677

net of cash and debt acquired. The Ethertronics business is now named “AVX Antenna” and is consolidated with our Electronic Components segment. The purchase of the Ethertronics business expands AVX’s extensive electronic product offering into the antenna technology market and will provide new and exciting growth opportunities for AVX going forward.

Assets Acquired and Liabilities Assumed	Allocation of Purchase Price
Accounts receivable	$	14,419
Accounts payable		(10,140	)
Other current assets and liabilities, net		3,613
Working capital		7,892
Debt		(21,105	)
Property and equipment		13,769
Intangible assets		64,800
Other non-current assets and liabilities, net		(6,434	)
Total identified assets and liabilities		58,922
Purchase price		127,677
Goodwill	$	68,755

The results of operations for AVX Antenna since the acquisition date are included in the accompanying consolidated statements of operations. We recorded approximately

$64,800

of identifiable intangible assets and

$68,755

of goodwill. The acquired intangible assets relate to the Ethertronics trade name, existing technology and customer relationships which are being amortized over ten, ten, and

thirteen

years, respectively. We recognized revenue of

$25,512

and

$89,259

from AVX Antenna in the

three

and

nine

month periods ended

December 31, 2018,

respectively. In the quarter ended

December 31, 2018

goodwill decreased by

$9,064

, and other non-current assets and liabilities, net decreased by

$9,064,

which was primarily the result of the Company's measurement of the deferred tax assets and liabilities that were acquired.

April 30, 2018,

AVX, through its subsidiary AVX Interconnect Europe GmbH, acquired KUMATEC Sondermaschinenbau & Kunststoffverarbeitung GmbH (“Kumatec”) for consideration of approximately

$12,882,

net of cash acquired and debt assumed. Now named Kumatec and consolidated with our Interconnect, Sensing and Control segment, the purchase of Kumatec provides AVX with additional manufacturing capabilities and new business opportunities. We recorded approximately

$3,189

of identifiable intangible assets and

$9,802

of goodwill. The acquired intangible assets relate to the Kumatec trade name, existing technology and customer relationships which are being amortized over

six

years. We recognized revenue of

$1,450

and

$4,204

from Kumatec in the

three

and

nine

month periods ended

December 31, 2018.