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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Net income $ (16,543) [1],[2],[3] $ 88,641 [4] $ 111,387 [5] $ 33,564 [6] $ 129,071 [7],[8] $ 56,706 [9] $ 87,252 [10] $ 96,844 [11] $ 217,049 $ 369,873 $ 384,820
Other comprehensive income (loss), net of tax:                      
Foreign currency translation reclassification adjustment included in net income                   2,266 (349)
Unrealized gains on marketable securities:                      
Unrealized gains on marketable securities arising during period                 2,106 1,293 1,466
Less: Reclassification adjustment for gains included in net income                 (799) (1,296) 93
Total unrealized gain (loss) on marketable securities                 1,307 (3) 1,559
Defined benefit pension and post-retirement plans:                      
Prior service cost arising during period                     3,279
Less: Amortization of prior service (benefit) cost included in net periodic pension and post-retirement costs                 (233) 14 310
Total defined benefit plans                 (233) 14 3,589
Other comprehensive (loss) income                 1,074 2,277 4,799
Comprehensive income                 $ 218,123 $ 372,150 $ 389,619
[1] Restructuring and other, net includes a ($0.4) million fair value adjustment to decrease LitePoint acquisition contingent consideration.
[2] In the fourth quarter ended December 31, 2012, we corrected prior period income tax provision (benefit) errors that resulted in a $0.2 million income tax provision. These errors were not individually or in aggregate material to the fourth quarter of 2012 or any prior period.
[3] In the fourth quarter ended December 31, 2012, the change in recognizing pension and postretirement benefit plans expense, as a result of the mark-to-market adjustments, decreased gross profit and net income by $8.1 million and $18.3 million, respectively. See Note B: "Accounting Policies" for a discussion of our accounting policy.
[4] Restructuring and other, net includes $0.7 million of severance charges related to the headcount reductions of 9 people, of which $0.5 million and 7 people were in Systems Test Group, $0.2 million and 2 people were in Wireless Test.
[5] Restructuring and other, net includes $0.3 million of severance charges related to headcount reductions of 10 people in Semiconductor Test and ($6.5) million fair value adjustment to decrease the LitePoint acquisition contingent consideration.
[6] Restructuring and other, net includes a ($1.8) million fair value adjustment to decrease the LitePoint acquisition contingent consideration.
[7] Restructuring and other, net includes $0.5 million of charges related to pension settlement and $3.3 million to the acquisition of LitePoint.
[8] In the fourth quarter ended December 31, 2011, the change in recognizing pension and postretirement benefit plans expense, as a result of the mark-to-market adjustments, decreased gross profit and net income by $2.4 million and $6.1 million, respectively. See Note B: "Accounting Policies" for a discussion of our accounting policy.
[9] Restructuring and other, net includes $1.4 million of charges related to the acquisition of LitePoint.
[10] Restructuring and other, net includes $0.3 million of severance charges related to headcount reductions of approximately 2 people in Semiconductor Test and $0.7 million related to pension settlement charges.
[11] Restructuring and other, net includes $0.8 million of severance charges related to headcount reductions of approximately 5 people in Semiconductor Test and $(0.4) million credit related to early exit of previously impaired leased facilities in Westford and North Reading, Massachusetts.