M. RESTRUCTURING AND OTHER

Restructuring

The remaining accrual for severance and benefits of $0.5 million is reflected in the accrued employees’ compensation and withholdings on the balance sheet and is expected to be paid by June 2014.

During the year ended December 31, 2013, Teradyne recorded $1.9 million of severance charges related to headcount reductions of 48 people primarily in System Test and Semiconductor Test and a $(0.4) million credit in Corporate related to a change in the estimated exit costs related to a leased facility.

During the year ended December 31, 2012, Teradyne recorded $1.0 million of severance charges related to headcount reductions of 19 people primarily in System Test and Semiconductor Test.

During the year ended December 31, 2011, Teradyne recorded $1.2 million of charges related to headcount reductions of 7 people in Semiconductor Test and a $(0.5) million credit primarily in System Test related to a change in the estimated exit costs related to leased facilities.


	Severance and Benefits			Facility Exit Costs			Total
	(in thousands)
Pre-2011 Activities
Balance at December 31, 2010	$	712		$	3,263		$	3,975
Provision		117			—			117
Change in estimate		155			(485	)		(330	)
Cash payments		(984	)		(916	)		(1,900	)

Balance at December 31, 2011		—			1,862			1,862
Cash payments		—			(778	)		(778	)

Balance at December 31, 2012		—			1,084			1,084
Change in estimate		—			(553	)		(553	)
Cash payments		—			(531	)		(531	)

Balance at December 31, 2013	$	—		$	—		$	—

2011 Activities
*Q1 2011 Activity:*
Provision	$	572		$	—		$	572
Cash payments		(476	)		—			(476	)

Balance at December 31, 2011		96			—			96
Cash payments		(96	)		—			(96	)

Balance at December 31, 2012	$	—		$	—		$	—

*Q2 2011 Activities:*
Provision	$	344		$	—		$	344
Cash payments		(115	)		—			(115	)

Balance at December 31, 2011		229			—			229
Cash payments		(229	)		—			(229	)

Balance at December 31, 2012	$	—		$	—		$	—

2012 Activities
*Q2 2012 Activities:*
Provision	$	286		$	—		$	286
Change in estimate		(4	)		—			(4	)
Cash payments		(282	)		—			(282	)

Balance at December 31, 2012	$	—		$	—		$	—

*Q3 2012 Activity:*
Provision	$	687		$	—		$	687
Cash payments		(444	)		—			(444	)

Balance at December 31, 2012		243			—			243
Cash payments		(243	)		—			(243	)

Balance at December 31, 2013	$	—		$	—		$	—

2013 Activities
*Q3 2013 Activity:*
Provision	$	1,337		$	—		$	1,337
Cash payments		(966	)		—			(966	)

Balance at December 31, 2013	$	371		$	—		$	371

*Q4 2013 Activity:*
Provision	$	600		$	—		$	600
Cash payments		(486	)		—			(486	)

Balance at December 31, 2013	$	114		$	—		$	114

Balance at December 31, 2013	$	485		$	—		$	485

Other

During the year ended December 31, 2012, due to a decrease in specified new product revenue through the December 31, 2012 earn-out period end date, Teradyne recorded an $8.8 million fair value adjustment to decrease the LitePoint acquisition contingent consideration.

During the year ended December 31, 2011, Teradyne recorded $5.8 million of other charges in which $4.6 million related to acquisition costs and $1.2 million related to a non-U.S pension settlement.