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