Quarterly report pursuant to Section 13 or 15(d)

Business Combinations

v2.4.0.8
Business Combinations
 9 Months Ended
Mar. 31, 2014
Business Combinations [Abstract]  
Business Combinations
BUSINESS COMBINATIONS
On March 28, 2014, the Company acquired certain assets and liabilities of a privately-held company that developed and sold software to mask manufacturers, semiconductor fabs and mask inspection and review equipment manufacturers, for a total purchase consideration of $18 million in cash.
The following table represents the preliminary purchase price allocation and summarizes the aggregate estimated fair values of the net assets acquired on the closing date of the acquisition on March 28, 2014:
(In thousands)
Preliminary Purchase Price Allocation
Property and equipment
$
108

Intangibles
9,400

Goodwill
8,622

Liabilities assumed
(130
)
Cash consideration - paid
$
18,000


Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired. The $8.6 million of goodwill was assigned to the Defect Inspection reporting unit.