Reconciliation of Previously Reported Amounts to Amounts Revised and Restated

As described in Note 3, we completed the spin-off of SPX FLOW on September 26, 2015 and are presenting SPX FLOW as a discontinued operation in the accompanying condensed consolidated financial statements. Furthermore, as described in Note 1, we have identified certain misstatements relating to prior years’ consolidated financial statements and have corrected these prior period misstatements in the accompanying condensed consolidated financial statements. The impacts of these changes on selected financial amounts within the accompanying condensed consolidated financial statements are summarized below:



	Three Months Ended September 27, 2014
	As Previously Reported(1)			Reclassification of Discontinued Operations(2)			Correction of Prior Period Misstatement(3)			As Revised and Restated(4)
Consolidated Statement of Operations:
Revenues	$	1,171.2		$	(681.6	)	$	—		$	489.6
Gross Profit	347.4			(234.9		)	—			112.5
Income (loss) from continuing operations, net of tax	66.7			(78.7		)	(0.2		)	(12.2		)
Income (loss) from discontinued operations, net of tax	(2.9		)	78.7			—			75.8
Net income	63.8			—			(0.2		)	63.6
Less: Net income attributable to noncontrolling interest	0.3			—			—			0.3
Net income attributable to SPX Corporation common stockholders	$	63.5		$	—		$	(0.2	)	$	63.3

Basic income per share of common stock attributable to SPX Corporation common shareholders ⁽⁶⁾	$	1.52								$	1.51

Diluted income per share of common stock attributable to SPX Corporation common shareholders ⁽⁶⁾	$	1.50								$	1.51



	Nine Months Ended September 27, 2014
	As Previously Reported(1)			Reclassification of Discontinued Operations(2)			Correction of Prior Period Misstatement(3)			As Revised and Restated(4)
Consolidated Statement of Operations:
Revenues	$	3,443.4		$	(2,046.3	)	$	—		$	1,397.1
Gross Profit	996.1			(681.8		)	—			314.3
Income from continuing operations, net of tax	420.1			(199.7		)	(2.9		)	217.5
Income from discontinued operations, net of tax	11.5			199.7			—			211.2
Net income	431.6			—			(2.9		)	428.7
Less: Net loss attributable to noncontrolling interest	(1.3		)	—			—			(1.3		)
Net income attributable to SPX Corporation common stockholders	$	432.9		$	—		$	(2.9	)	$	430.0

Basic income per share of common stock attributable to SPX Corporation common shareholders	$	10.06								$	9.99

Diluted income per share of common stock attributable to SPX Corporation common shareholders	$	9.89								$	9.82



	As of December 31, 2014
	As Previously Reported(1)		Reclassification of Discontinued Operations(2)			Correction of Prior Period Misstatement(5)			As Revised and Restated(4)
Assets:
Intangibles, net	$	831.0	$	(659.3	)	$	(2.5	)	$	169.2
Other assets	729.8		(101.4		)	(5.4		)	623.0

Liabilities:
Deferred and other income taxes	294.9		(227.1		)	1.3			69.1

Equity:
Retained Earnings	2,637.8					(9.2		)	2,628.6


⁽¹⁾	Amounts reported in our 2014 Annual Report on Form 10-K.


⁽²⁾	Reflects the effect of reclassifying SPX FLOW to discontinued operations for the three and nine months ended September 27, 2014, and as of December 31, 2014, to conform to current presentation. See Note 3 for additional details.


⁽³⁾	Reflects the correction of misstatements identified related to the improper capitalization of software development costs and the understatement of deferred income tax liabilities. See Note 1 for additional details.


⁽⁴⁾	Reflects the resulting amounts in the accompanying condensed consolidated statements of operations for the three and nine months ended September 27, 2014 and the accompanying condensed consolidated balance sheet at December 31, 2014.


⁽⁵⁾	Reflects the correction of misstatements identified related to the understatement of an impairment charge related to certain trademarks, the capitalization of software development costs, and the understatement of deferred income tax liabilities $(4.3) partially offset by the tax effects of the first two misstatements $(3.0). See Note 1 for additional details.

⁽⁶⁾

As noted above, we previously reported income from continuing operations, net of tax, which resulted in diluted income per share of common stock attributable to SPX Corporation common shareholders ($1.50) being lower than basic income per share of common stock attributable to SPX Corporation common shareholders ($1.52). We are now reporting a loss from continuing operations, net of tax, resulting in all dilutive securities being excluded from the “Revised and Restated” earnings per share calculations.