Restructuring and Other

3 Months Ended

Mar. 30, 2014

M. Restructuring and Other

Restructuring

During the three months ended March 30, 2014, Teradyne recorded no restructuring charges. During the three months ended March 31, 2013, Teradyne recorded $0.4 million of severance charges related to headcount reductions in Semiconductor Test and System Test.


	Severance and Benefits			Facility Exit Costs			Total
	(in thousands)
*Pre-2013 Activities*
Balance at December 31, 2012	$	243		$	1,084		$	1,327
Change in estimate		—			(553	)		(553	)
Cash payments		(243	)		(531	)		(774	)

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
Cash payments		(161	)		—			(161	)

Balance at March 30, 2014	$	210		$	—		$	210

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

Balance at December 31, 2013		114			—			114
Cash payments		(114	)		—			(114	)

Balance at March 30, 2014	$	—		$	—		$	—

Balance at March 30, 2014	$	210		$	—		$	210

The accrual balance for severance and benefits of $0.2 million is reflected in the accrued employees’ compensation and withholdings on the balance sheet and is expected to be paid by June 2014.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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