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Discontinued Operations
12 Months Ended
Dec. 31, 2014
Discontinued Operations  
Discontinued Operations

Note 10 — Discontinued Operations

 

CIGS Solar Systems Business

 

During 2011, the Company announced a plan to discontinue its CIGS solar systems business and reflected the results of operations for the CIGS solar systems business as discontinued operations.

 

Metrology

 

During 2010, the Company completed the sale of its Metrology business, except for assets located in China due to local restrictions. The Company reflected the results of operations for the Metrology business as discontinued operations and recognized a pre-tax deferred gain of $5.4 million during 2012 related to the completion of the sale of the assets in China. The Company also recognized a $1.4 million gain ($1.1 million net of taxes) on the sale of assets of this discontinued segment that were previously held for sale and sold during 2012.

 

Summary information related to discontinued operations is as follows:

 

 

 

 

2012

 

 

 

Solar

 

 

 

 

 

 

 

 

 

 

Systems

 

 

Metrology

 

 

Total

 

 

 

(in thousands)

 

Net sales

 

$

 

 

$

 

 

$

 

Net income (loss) from discontinued operations

 

$

(62

)

 

$

4,461

 

 

$

4,399