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Business Acquisitions (Tables)
9 Months Ended
Sep. 30, 2019
Business Acquisition [Line Items]  
Schedule of unaudited pro forma information

The following tables present our unaudited pro forma results for the acquisitions of LumaSense and Artesyn:

Three Months Ended September 30, 

2019

2018

    

As Reported

    

Pro Forma

    

As Reported

    

Pro Forma

Total sales

 

$

175,127

 

$

292,669

 

$

173,082

 

$

333,050

Net income attributable to Advanced Energy Industries, Inc.

 

$

7,621

 

$

11,095

 

$

34,779

 

$

36,887

Earnings per share:

 

  

 

  

 

  

 

  

Basic earnings per share

$

0.20

$

0.29

$

0.89

$

0.95

Diluted earnings per share

$

0.20

$

0.29

$

0.89

$

0.94

Nine Months Ended September 30, 

2019

2018

As Reported

    

Pro Forma

    

As Reported

    

Pro Forma

Total sales

$

450,680

 

$

863,190

 

$

564,731

 

$

1,037,113

Net income attributable to Advanced Energy Industries, Inc.

$

54,677

 

$

58,615

 

$

127,619

 

$

135,994

Earnings per share:

  

 

  

 

  

 

  

Basic earnings per share

$

1.43

$

1.53

$

3.25

$

3.46

Diluted earnings per share

$

1.42

$

1.52

$

3.23

$

3.44

Artesyn's Embedded Power Business [Member]  
Business Acquisition [Line Items]  
Schedule of components of the fair value of total consideration transferred

The components of the fair value of the total consideration transferred for the acquisition is as follows:

    

Artesyn

Cash paid for acquisition

$

389,023

Non-cash consideration

2,000

Total fair value of consideration transferred

391,023

Less cash acquired

 

(23,225)

Total purchase price

$

367,798

Schedule of estimated fair value of assets acquired and liabilities assumed

The following table summarizes the estimated preliminary fair values of the assets acquired and liabilities assumed from the acquisition:

    

Preliminary: September 10, 2019

Accounts and other receivable, net

$

128,221

Inventories

 

140,678

Property and equipment

 

65,016

Operating lease right-of-use assets

60,217

Goodwill

 

143,262

Intangible assets

 

125,000

Deferred income tax assets

 

14,767

Other assets

 

61,511

Total assets acquired

 

738,672

Accounts payable

 

144,652

Operating lease liability

59,634

Pension liability

48,494

Deferred income tax liabilities

 

37,218

Other liabilities

 

80,876

Total liabilities assumed

 

370,874

Total fair value of net assets acquired

$

367,798

Summary of intangible assets

A summary of the intangible assets acquired, amortization method and estimated useful lives are as follows:

    

    

Amortization

    

Artesyn

Method

Useful Life

Technology

$

30,000

 

Straight-line

 

5

Customer relationships

 

75,000

 

Straight-line

 

15

Tradename

 

20,000

 

Straight-line

 

10

Total

$

125,000

 

  

 

  

LumaSense Technology Holdings Inc. [Member]  
Business Acquisition [Line Items]  
Schedule of components of the fair value of total consideration transferred

The components of the fair value of the total consideration transferred for our acquisition is as follows:

    

LumaSense

Cash paid for acquisition

$

94,946

Cash acquired

 

(10,262)

Total fair value of consideration transferred

$

84,684

Schedule of estimated fair value of assets acquired and liabilities assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed from our acquisition, including measurement period adjustments:

    

    

Preliminary: September 1, 2018

Measurement Period Adjustments

Adjusted: September 1, 2018

Accounts and other receivable, net

$

7,167

$

-

$

7,167

Inventories

 

9,372

-

9,372

Property and equipment

 

1,353

-

1,353

Goodwill

 

48,032

(11,774)

36,258

Intangible assets

 

26,000

17,240

43,240

Deferred income tax assets

 

8,116

(1,785)

6,331

Other assets

 

5,126

878

6,004

Total assets acquired

 

105,166

4,559

109,725

Accounts payable

 

5,734

-

5,734

Deferred income tax liabilities

 

7,984

3,715

11,699

Other liabilities

 

6,764

844

7,608

Total liabilities assumed

 

20,482

4,559

25,041

Total fair value of net assets acquired

$

84,684

$

-

$

84,684

Summary of intangible assets

A summary of the intangible assets acquired, amortization method and estimated useful lives are as follows:

    

    

Amortization

    

LumaSense

Method

Useful Life

Technology

$

35,530

 

Straight-line

 

15

Customer relationships

 

4,360

 

Straight-line

 

10

Tradename

 

3,350

 

Straight-line

 

10

Total

$

43,240