BUSINESS ACQUISITIONS (Tables) - Artesyn's Embedded Power Business [Member]

3 Months Ended

Mar. 31, 2020

Business Acquisition [Line Items]

Schedule of components of fair value of total consideration transferred

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

Cash paid for acquisition	$	389,326
Non-cash consideration		2,000
Contingent consideration and working capital adjustments		(6,848)
Total fair value of consideration transferred		384,478
Less cash acquired		(23,225)
Total purchase price	$	361,253

Schedule of 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, along with the measurement period adjustments that occurred during the quarter:

	Preliminary: September 10, 2019		Measurement Period Adjustments		Preliminary: September 10, 2019
Accounts and other receivable, net	$	128,221	$	4,245	$	132,466
Inventories		139,778		16,629		156,407
Property and equipment		63,032		289		63,321
Operating lease right-of-use assets		60,073		(5,634)		54,439
Goodwill		113,040		(421)		112,619
Intangible assets		124,000		-		124,000
Other assets		64,018		(155)		63,863
Total assets acquired		692,162		14,953		707,115
Accounts payable		144,702		7,933		152,635
Operating lease liability		60,111		(5,634)		54,477
Pension liability		48,686		(371)		48,315
Deferred income tax liabilities		5,846		24		5,870
Other liabilities		71,564		13,001		84,565
Total liabilities assumed		330,909		14,953		345,862
Total fair value of net assets acquired	$	361,253	$	-	$	361,253

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

Summary of intangible assets

	Preliminary: September 10, 2019		Measurement Period Adjustments		Preliminary: September 10, 2019
Accounts and other receivable, net	$	128,221	$	4,245	$	132,466
Inventories		139,778		16,629		156,407
Property and equipment		63,032		289		63,321
Operating lease right-of-use assets		60,073		(5,634)		54,439
Goodwill		113,040		(421)		112,619
Intangible assets		124,000		-		124,000
Other assets		64,018		(155)		63,863
Total assets acquired		692,162		14,953		707,115
Accounts payable		144,702		7,933		152,635
Operating lease liability		60,111		(5,634)		54,477
Pension liability		48,686		(371)		48,315
Deferred income tax liabilities		5,846		24		5,870
Other liabilities		71,564		13,001		84,565
Total liabilities assumed		330,909		14,953		345,862
Total fair value of net assets acquired	$	361,253	$	-	$	361,253

Schedule of unaudited pro forma information

	Three Months Ended March 31,
	2019
	As Reported		Pro Forma
Total sales	$	140,743	$	295,975
Net income attributable to Advanced Energy Industries, Inc.	$	15,370	$	21,544
Earnings per share:
Basic earnings per share	$	0.40	$	0.56
Diluted earnings per share	$	0.40	$	0.56