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Segment Information (Tables)
 3 Months Ended
Mar. 31, 2024
Segment Information

Segment information for the three months ended March 31, 2024 and April 2, 2023 is as follows:

 

 

 

Semiconductor
Test

 

 

System
Test

 

 

Robotics

 

 

Wireless
Test

 

 

Segment Total

 

 

Corporate
and
Eliminations

 

 

Consolidated

 

 

 

(in thousands)

 

Three Months Ended March 31, 2024

 

Revenues

 

$

412,254

 

 

$

75,322

 

 

$

87,654

 

 

$

24,589

 

 

$

599,819

 

 

$

—

 

 

$

599,819

 

Income (loss) before income taxes (1)(2)

 

 

79,414

 

 

 

18,391

 

 

 

(14,047

)

 

 

(893

)

 

$

82,865

 

 

 

(9,963

)

 

$

72,902

 

Total assets (3)

 

 

1,348,829

 

 

 

181,803

 

 

 

721,318

 

 

 

69,519

 

 

$

2,321,469

 

 

 

1,089,251

 

 

$

3,410,720

 

Three Months Ended April 2, 2023

 

Revenues

 

$

415,009

 

 

$

74,631

 

 

$

89,214

 

 

$

38,675

 

 

$

617,529

 

 

$

—

 

 

$

617,529

 

Income (loss) before income taxes (1)(2)

 

 

96,185

 

 

 

15,275

 

 

 

(18,490

)

 

 

9,352

 

 

$

102,322

 

 

 

(5,238

)

 

$

97,084

 

Total assets (3)

 

 

1,386,851

 

 

 

173,669

 

 

 

676,092

 

 

 

87,875

 

 

$

2,324,487

 

 

 

1,058,920

 

 

$

3,383,407

 

 

(1)
Included in Corporate and Eliminations are: interest income, interest expense, net foreign exchange gains (losses), intercompany eliminations, severance charges, pension, acquisition and divestiture related fees, and an expense for the modification of outstanding equity awards.
(2)
Included in income (loss) before taxes are charges related to restructuring and other, expense for the modification of outstanding equity awards, and inventory charges.
(3)
Total assets are attributable to each segment. Semiconductor Test includes $33.9 million of total assets classified as assets held for sale. See Note E: "Assets held for sale" for additional information. Corporate assets consist of cash and cash equivalents, marketable securities, and certain other assets.
Schedule of Segment Reporting Information by Segment Charges

Included in each segment are charges and credits in the following line items in the statements of operations:

 

 

 

For the Three Months
 Ended

 

 

 

March 31,
2024

 

 

April 2,
2023

 

 

 

(in thousands)

 

Semiconductor Test:

 

 

 

 

 

 

Cost of revenues—inventory charge

 

$

4,956

 

 

$

3,768

 

Restructuring and other—employee severance

 

 

983

 

 

 

794

 

System Test:

 

 

 

 

 

 

Cost of revenues—inventory charge

 

$

—

 

 

$

675

 

Robotics:

 

 

 

 

 

 

Cost of revenues—inventory charge

 

$

—

 

 

$

782

 

Corporate and Eliminations:

 

 

 

 

 

 

Restructuring and other—acquisition & divestiture related expenses

 

 

2,214

 

 

 

—

 

Selling and administrative —equity modification

 

 

1,469

 

 

 

5,889

 

Restructuring and other—employee severance

 

$

—

 

 

$

659