ACQUISITION, DISCONTINUED OPERATIONS AND FORMATION OF SHANGHAI ELECTRIC JV (Tables)

9 Months Ended

Sep. 28, 2013

ACQUISITION, DISCONTINUED OPERATIONS AND FORMATION OF SHANGHAI ELECTRIC JV

Schedule of businesses discontinued in a prior quarter

Business	Quarter Discontinued	Quarter of Sale or Termination of Operations
Broadcast Antenna System business (“Dielectric”)	Q2 2013	Q2 2013
Crystal Growing business (“Kayex”)	Q1 2013	Q1 2013
TPS Tianyu Equipment Co., Ltd. (“Tianyu”)	Q4 2012	Q4 2012
Weil-McLain (Shandong) Cast-Iron-Boiler Co., Ltd. (“Weil-McLain Shandong”)	Q4 2012	Q4 2012
SPX Service Solutions (“Service Solutions”)	Q1 2012	Q4 2012

Schedule of income from discontinued operations and related income taxes

	Three months ended						Nine months ended
	September 28,			September 29,			September 28,			September 29,
	2013			2012			2013			2012
Income from discontinued operations	$	8.7		$	17.7		$	12.2		$	57.7
Income tax provision	(3.6		)	(6.0		)	(4.3		)	(19.7		)
Income from discontinued operations, net	$	5.1		$	11.7		$	7.9		$	38.0

Schedule of results of operations of businesses reported as discontinued operations

	Three months ended				Nine months ended
	September 28,		September 29,		September 28,		September 29,
	2013		2012		2013		2012
Revenues	$	50.7	$	269.6	$	154.2	$	877.8
Pre-tax income	8.3		18.8		15.0		60.5

Schedule of major classes of assets and liabilities, excluding intercompany balances, of businesses reported as discontinued operations

	September 28,		December 31,
	2013		2012
Assets:
Accounts receivable, net	$	28.4	$	21.2
Inventories, net	40.9		32.7
Other current assets	1.1		1.2
Property, plant and equipment, net	16.8		16.2
Goodwill and intangibles, net	70.6		71.3
Assets of discontinued operations	$	157.8	$	142.6
Liabilities:
Accounts payable	$	17.1	$	18.3
Accrued expenses	14.4		16.6
Liabilities of discontinued operations	$	31.5	$	34.9