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Discontinued Operations
9 Months Ended
Sep. 30, 2012
Discontinued Operations

E. 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 income from discontinued operations for the three and nine months ended October 2, 2011 were as follows:

 

     For the Three Months
Ended
October 2, 2011
     For the Nine Months
Ended
October 2, 2011
 
     (in thousands)  

Net revenues

   $ —         $ 9,086   
  

 

 

    

 

 

 

Income from discontinued operations before income taxes

   $ —         $ 1,436   

Gain from disposal of discontinued operations before income taxes

     —           28,949   

Income tax provision

     —           4,311   
  

 

 

    

 

 

 

Income from discontinued operations

   $ —         $ 26,074