Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

v3.5.0.2
Acquisitions (Tables)
12 Months Ended
Sep. 30, 2016
Business Combinations [Abstract]  
Business Acquisition, Pro Forma Information
The following unaudited pro forma data has been prepared as if the acquisition of BTU occurred on October 1, 2013 and includes adjustments for depreciation expense, amortization of intangibles, and the effect of other purchase accounting adjustments. In addition, the unaudited pro forma consolidated results do not purport to project the future results of operations of the combined company nor do they reflect the expected realization of any cost savings associated with the acquisition.
 
 
Years Ended (unaudited)
 
 
September 30, 2015
 
September 30, 2014
 
 
(dollars in thousands, except per share data)
Revenue, net
 
$
121,186

 
$
111,531

Net loss
 
$
(9,223
)
 
$
(15,586
)
Earnings per share available to Amtech stockholders:
 
 
 
 
Basic
 
$
(0.70
)
 
$
(1.21
)
Diluted
 
$
(0.70
)
 
$
(1.21
)
Business Combination, Schedule Of Consideration Transferred
 The Merger was an all-stock transaction. The following table summarizes the consideration transferred:
(In thousands, except per share amounts)
 
BTU common shares and restricted stock units exchanged
9,681

Exchange ratio
0.3291

Amtech common stock issued for consideration
3,186

Amtech common stock per share price on January 30, 2015
$
8.20

Consideration for BTU common shares and restricted stock units
$
26,125

Vested BTU stock options exchanged for Amtech stock options
$
500

Total fair value of consideration transferred
$
26,625

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the allocation of the consideration for the assets acquired and liabilities assumed on January 30, 2015, including the effects of measurement period adjustments recorded in fiscal 2016:
(In thousands)
Initial Estimate
Adjustments
Final Allocation
Fair value of net tangible assets acquired
$
19,232

$
(600
)
$
18,632

Goodwill
4,463

600

5,063

Identifiable intangible assets
2,930


2,930

Total consideration allocated
$
26,625

$

$
26,625