TERADYNE, INC | 2013 | FY | 3


D.    DISCONTINUED OPERATIONS

On March 21, 2011, Teradyne completed the sale of its Diagnostic Solutions business unit, which was included in the System Test segment, to SPX Corporation for $40.2 million in cash. Teradyne sold this business as its growth potential as a stand-alone business within Teradyne was significantly less than if it was part of a larger automotive supplier. The financial information for Diagnostic Solutions has been reclassified to discontinued operations for all periods presented. Net revenues and income from discontinued operations for the years ended December 31, 2013, 2012 and 2011 were as follows:

 

     2013      2012      2011  
     (in thousands)  

Net revenues

   $ —         $ —         $ 9,086   

Income from discontinued operation before income taxes

   $ —         $ —         $ 1,278   

Gain from disposal of discontinued operation before income taxes

     —           —           28,949   

Income tax provision

     —           —           4,311   
  

 

 

    

 

 

    

 

 

 

Income from discontinued operations

   $ —         $ —         $ 25,916   
  

 

 

    

 

 

    

 

 

 

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