Quarterly report pursuant to Section 13 or 15(d)

Business Combination

v2.4.1.9
Business Combination
 9 Months Ended
Mar. 31, 2015
Business Combinations [Abstract]  
Business Combination
NOTE 5 – BUSINESS COMBINATION
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 purchase price allocation and summarizes the aggregate estimated fair values of the net assets acquired on the closing date of the acquisition:
(In thousands)
Purchase Price Allocation
Intangibles
$
9,400

Goodwill
8,730

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 $8.7 million of goodwill was assigned to the Defect Inspection reporting unit.