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DISCONTINUED OPERATIONS (Tables)
9 Months Ended
Sep. 27, 2014
DISCONTINUED OPERATIONS  
Schedule of businesses sold showing quarter discontinued and quarter sold

 

 

Business

 

Quarter
Discontinued

 

Quarter of Sale
or Termination
of Operations

 

Fenn LLC (“Fenn”)

 

Q3 2013

 

Q3 2014

 

SPX Precision Components (“Precision Components”)

 

Q3 2013

 

Q2 2014

 

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 from discontinued operations and related income taxes

 

 

 

 

Three months ended

 

Nine months ended

 

 

 

September 27,

 

September 28,

 

September 27,

 

September 28,

 

 

 

2014

 

2013

 

2014

 

2013

 

Income from discontinued operations

 

$

3.3

 

$

9.0

 

$

36.9

 

$

13.3

 

Income tax provision

 

(4.3

)

(3.6

)

(20.0

)

(4.5

)

Income (loss) from discontinued operations, net

 

$

(1.0

)

$

5.4

 

$

16.9

 

$

8.8

 

 

Schedule of results of operations for discontinued operations

 

 

 

 

Three months ended

 

Nine months ended

 

 

 

September 27,

 

September 28,

 

September 27,

 

September 28,

 

 

 

2014

 

2013

 

2014

 

2013

 

Revenues

 

$

13.4

 

$

50.7

 

$

63.1

 

$

154.2

 

Pre-tax income

 

3.4

 

8.6

 

8.0

 

15.9

 

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

 

 

 

 

September 27,

 

December 31,

 

 

 

2014

 

2013

 

Assets:

 

 

 

 

 

Accounts receivable, net

 

$

6.6

 

$

22.8

 

Inventories, net

 

3.6

 

37.6

 

Other current assets

 

0.1

 

1.2

 

Property, plant and equipment, net

 

4.0

 

16.3

 

Goodwill and intangibles, net

 

35.7

 

70.4

 

Assets of discontinued operations

 

$

50.0

 

148.3

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

Accounts payable

 

$

4.4

 

$

13.3

 

Accrued expenses

 

2.4

 

18.6

 

Liabilities of discontinued operations

 

$

6.8

 

$

31.9