Discontinued Operations

3 Months Ended

Apr. 03, 2016

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

On July 6, 2015, the Company completed the sale of its Surface Inspection Systems Division (SISD). The financial results of SISD are reported as a discontinued operation for the three-month period ended April 5, 2015.

The major classes of revenue and expense included in discontinued operations were as follows (in thousands):

	Three-months Ended
	April 3, 2016		April 5, 2015
Revenue	$	—	$	12,061
Cost of revenue	—		(5,610		)
Research, development, and engineering expenses	—		(1,090		)
Selling, general, and administrative expenses	—		(3,554		)
Foreign currency gain (loss)	—		(254		)
Pretax income from discontinued operations	—		1,553
Income tax expense	—		523
Discontinued operations, net of tax	$	—	$	1,030

Significant non-cash items related to the discontinued business were as follows (in thousands):

	Three-months Ended
	April 3, 2016		April 5, 2015
Capital expenditures	$	—	$	311
Stock-based compensation expense	—		283
Depreciation expense	—		198
Amortization expense	—		83