Discontinued Operations

6 Months Ended

Jul. 03, 2011

Discontinued Operations

Discontinued Operations

D. Discontinued Operations

On March 21, 2011, Teradyne completed the sale of its Diagnostic Solutions business unit, which was included in the Systems Test Group 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 (loss) income from discontinued operations for the three and six months ended July 3, 2011 and July 4, 2010 were as follows:

	For the Three Months Ended						For the Six Months Ended
	July 3,   2011			July 4,   2010			July 3, 2011		July 4, 2010
	(in thousands)
Net revenues	$	—		$	9,505		$	9,086	$	19,790
(Loss) Income from discontinued operations before income taxes	$	—		$	(381	)	$	1,278	$	620
(Loss) Gain from disposal of discontinued operations before income taxes		(832	)		—			28,949		—
Income tax provision		—			—			4,311		—
(Loss) Income from discontinued operations	$	(832	)	$	(381	)	$	25,916	$	620