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DISCONTINUED OPERATIONS
12 Months Ended
Jun. 30, 2012
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

NOTE 20: DISCONTINUED OPERATIONS


During the quarter ended September 30, 2009, we determined to sell or otherwise close down the Singapore IC packaging metrology operations of our vision systems product line, included in our Metrology Solutions segment. As of September 30, 2009, operations had ceased at this location. The results of operations for the aforementioned operations are presented as discontinued operations in the Company’s Consolidated Financial Statements. There was no discontinued operations activity in fiscal 2012.


The following table summarizes the operating results of discontinued operations for the fiscal years ended June 30, 2011 and 2010:


 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended June 30,

 

 

 


 

 

 

2011

 

2010

 

 

 


 


 

Net revenues

 

$

 

$

665

 

Cost of goods sold

 

 

 

 

268

 

 

 



 



 

Gross profit (loss)

 

 

 

 

397

 

Operating (income) expenses, and other

 

 

(91

)

 

3,066

 

Asset impairment

 

 

 

 

 

 

 



 



 

Earnings (loss) before income taxes

 

 

91

 

 

(2,669

)

Income tax expense

 

 

 

 

 

 

 



 



 

Earnings (loss) from discontinued operations, net of tax

 

$

91

 

$

(2,669

)

 

 



 



 


The following table sets forth the assets and liabilities of our discontinued operations included in the Consolidated Balance Sheets of the Company as of June 30, 2011:


 

 

 

 

 

 

 

June 30,
2011

 

 

 


 

Receivables

 

$

 

Other assets

 

 

 

 

 



 

Current assets of discontinued operations

 

$

 

 

 



 

 

 

 

 

 

Accounts payable

 

$

 

Accrued expenses and other current liabilities

 

 

281

 

 

 



 

Current liabilities of discontinued operations

 

$

281

 

 

 



 

 

 

 

 

 

Other long-term liabilities

 

$

 

 

 



 

Long-term liabilities of discontinued operations

 

$