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On December 31, 2021, the end of the fiscal year, California Microtech Corporation completed the sale of its semiconductor business for $20 million. The semiconductor
On December 31, 2021, the end of the fiscal year, California Microtech Corporation completed the sale of its semiconductor business for $20 million. The semiconductor business segment qualifies as a component of the entity according to GAAP. The book value of the assets of the segment was $19 million. The loss from operations of the segment during 2021 was $3.3 million. Pretax income from continuing operations for the year totaled $6.1 million. The income tax rate is 25%
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