Discontinued Operations

12 Months Ended

Sep. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

The Granville-Phillips business unit develops, manufactures, sells and services vacuum measurement and gas analysis instrumentation to semiconductor and non-semiconductor customers. In March 2014, the Company entered into an agreement to sell this business for $87.0 million in cash. The sale was completed on May 30, 2014. The Company’s historical financial statements have been revised to present the operating results of the Granville-Phillips business as a discontinued operation. Summarized results of the discontinued operation are as follows for the fiscal years ended September 30, 2014, 2013 and 2012 (in thousands):

	Year Ended September 30,
	2014		2013		2012
Revenue	$	18,921	$	28,512	$	30,468
Income from discontinued operations	$	4,888	$	7,779	$	7,919
Gain on the sale of the discontinued operations	56,804		—		—
Income tax provision	31,690		2,815		2,919
Income from discontinued operations, net of tax	$	30,002	$	4,964	$	5,000

The operating results of the Granville-Phillips business were historically included in the results of operations for the Brooks Product Solutions segment, except for revenues and expenses associated with support and repair services that were included in the Brooks Global Services segment.

The presentation of the Granville-Phillips business as a discontinued operation had no impact on previously reported net income (loss) or stockholders' equity.

Assets and liabilities identifiable within the Granville-Phillips business are reported as "Assets held for sale" and "Liabilities held for sale," respectively, in the Consolidated Balance Sheets. The major classes of assets and liabilities of the discontinued operation as of September 30, 2013 is as follows (in thousands):

	September 30, 2013
Inventory	$	3,308
Property, plant and equipment	364
Goodwill	24,106
Assets held for sale	$	27,778
Deferred revenue	$	43
Accrued warranty and retrofit costs	89
Liabilities held for sale	$	132