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BUSINESS ACQUISITIONS (Tables)
6 Months Ended
Jun. 30, 2020
Business Acquisition [Line Items]  
Summary of intangible assets

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Amortization

    

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Method

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Useful Life

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Technology

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$

28,000

 

Straight-line

 

5

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Customer relationships

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75,000

 

Straight-line

 

15

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Tradename

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21,000

 

Straight-line

 

10

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Total

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$

124,000

 

  

 

  

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

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Cash paid for acquisition

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$

389,326

Non-cash consideration

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2,000

Contingent consideration and working capital adjustments

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(3,826)

Total fair value of consideration transferred

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387,500

Less cash acquired

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(23,225)

Total purchase price

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$

364,275

Schedule of fair value of assets acquired and liabilities assumed

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Preliminary
Fair Value

    

Measurement
Period
Adjustments

    

Preliminary
Adjusted Fair
Value

Accounts and other receivable, net

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$

132,466

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$

—

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$

132,466

Inventories

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156,407

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—

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156,407

Property and equipment

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63,321

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—

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63,321

Operating lease right-of-use assets

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54,439

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—

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54,439

Goodwill

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112,619

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5,143

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117,762

Intangible assets

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124,000

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—

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124,000

Other assets

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63,863

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—

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63,863

Total assets acquired

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707,115

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5,143

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712,258

Accounts payable

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152,635

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—

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152,635

Operating lease liability

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54,477

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38

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54,515

Pension liability

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48,315

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—

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48,315

Deferred income tax liabilities

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5,870

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—

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5,870

Other liabilities

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84,565

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2,083

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86,648

Total liabilities assumed

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345,862

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2,121

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347,983

Total fair value of net assets acquired

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$

361,253

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$

3,022

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$

364,275

Schedule of unaudited pro forma information

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Three Months Ended June 30,

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Six Months Ended June 30,

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2019

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2019

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As Reported

    

Pro Forma

    

As Reported

    

Pro Forma

Total sales

 

$

134,810

 

$

274,889

 

$

275,553

 

$

570,864

Net income attributable to Advanced Energy Industries, Inc.

 

$

31,686

 

$

25,336

 

$

47,056

 

$

46,880

Earnings per share:

 

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Basic earnings per share

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$

0.83

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$

0.66

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$

1.23

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$

1.23

Diluted earnings per share

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$

0.82

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$

0.65

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$

1.22

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$

1.22