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DISCONTINUED OPERATIONS (Tables)
3 Months Ended
Mar. 29, 2014
DISCONTINUED OPERATIONS  
Schedule of businesses sold showing quarter discontinued and quarter sold

Business

 

Quarter
Discontinued

 

Quarter of Sale
or Termination
of Operations

 

Thermal Product Solutions (“TPS”)

 

Q3 2013

 

Q1 2014

 

Broadcast Antenna System business (“Dielectric”)

 

Q2 2013

 

Q2 2013

 

Crystal Growing business (“Kayex”)

 

Q1 2013

 

Q1 2013

 

Schedule of income (loss) from discontinued operations and related income taxes

 

 

Three months ended

 

 

 

March 29,

 

March 30,

 

 

 

2014

 

2013

 

Income (loss) from discontinued operations

 

$

34.5

 

$

(2.6

)

Income tax provision

 

(13.1

)

(2.0

)

Income (loss) from discontinued operations, net of tax

 

$

21.4

 

$

(4.6

)

Schedule of results of operations for discontinued operations

 

 

Three months ended

 

 

 

March 29,

 

March 30,

 

 

 

2014

 

2013

 

Revenues

 

$

33.7

 

$

47.4

 

Pre-tax income (loss)

 

0.6

 

(0.1

)

Schedule of major classes of assets and liabilities, excluding intercompany balances, of businesses reported as discontinued operations

 

 

March 29,

 

December 31,

 

 

 

2014

 

2013

 

Assets:

 

 

 

 

 

Accounts receivable, net

 

$

18.2

 

$

22.8

 

Inventories, net

 

35.2

 

37.6

 

Other current assets

 

1.0

 

1.2

 

Property, plant and equipment, net

 

14.6

 

16.3

 

Goodwill and intangibles, net

 

66.4

 

70.4

 

Assets of discontinued operations

 

$

135.4

 

$

148.3

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

Accounts payable

 

$

12.2

 

$

13.3

 

Accrued expenses

 

11.1

 

18.6

 

Liabilities of discontinued operations

 

$

23.3

 

$

31.9