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Segment Information (Tables)
9 Months Ended
Oct. 04, 2015
Segment Information

Segment information for the three and nine months ended October 4, 2015 and September 28, 2014 is as follows:

 

     Semiconductor
Test
     Wireless
Test
    System
Test
     Industrial
Automation
    Corporate
and
Eliminations
    Consolidated  
     (in thousands)  

Three months ended October 4, 2015:

              

Revenues

   $ 325,516       $ 55,359      $ 69,062       $ 16,057      $ —       $ 465,994   

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

     73,957         2,997        13,751         (4,847     1,550        87,408   

Total assets (3)

     591,445         447,461        109,078         360,068        1,153,832        2,661,884   

Three months ended September 28, 2014:

              

Revenues

   $ 380,083       $ 54,838      $ 43,089       $ —        $ —       $ 478,010   

Income before income taxes (1)(2)

     91,900         2,379        5,779         —          612        100,670   

Total assets (3)

     748,499         614,911        83,769         —          1,247,828        2,695,007   

Nine months ended October 4, 2015:

              

Revenues

   $ 996,748       $ 152,285      $ 152,320       $ 19,780      $ —       $ 1,321,133   

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

     246,627         (603     10,423         (6,547     12,081        261,981   

Total assets (3)

     591,445         447,461        109,078         360,068        1,153,832        2,661,884   

Nine months ended September 28, 2014:

              

Revenues

   $ 1,063,254       $ 144,747      $ 116,586       $ —        $ —       $ 1,324,587   

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

     233,770         (8,477     5,512         —          (10,616     220,189   

Total assets (3)

     748,499         614,911        83,769         —          1,247,828        2,695,007   

 

(1) Interest income, interest expense, and other (income) expense, net are included in Corporate and Eliminations.
(2) Included in the income (loss) before income taxes for each of the segments are charges related to inventory and other.
(3) Total business assets are directly attributable to each business. Corporate assets consist of cash and cash equivalents, marketable securities and certain other assets.
Semiconductor Test  
Schedule of Segment Reporting Information by Segment Charges

Included in the Semiconductor Test segment are charges in the following line items in the statements of operations:

 

     For the Three Months
Ended
     For the Nine Months
Ended
 
     October 4, 
2015
     September 28, 
2014
     October 4, 
2015
     September 28, 
2014
 
     (in thousands)  

Cost of revenues—inventory charge

   $ 1,697       $ 4,404       $ 8,637       $ 14,322   

Restructuring and other

     194         —           499         —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 1,891       $ 4,404       $ 9,136       $ 14,322   
  

 

 

    

 

 

    

 

 

    

 

 

 
Wireless Test  
Schedule of Segment Reporting Information by Segment Charges

Included in the Wireless Test segment are charges in the following line items in the statements of operations:

 

     For the Three Months
Ended
     For the Nine Months
Ended
 
     October 4,
2015
     September 28,
2014
     October 4,
2015
     September 28,
2014
 
     (in thousands)  

Cost of revenues—inventory charge

   $ 901       $ 1,267       $ 2,077       $ 5,239   

Restructuring and other

     —           —           —           426   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 901       $ 1,267       $ 2,077       $ 5,665   
  

 

 

    

 

 

    

 

 

    

 

 

 
System Test  
Schedule of Segment Reporting Information by Segment Charges

Included in the System Test segment are charges in the following line items in the statements of operations:

 

     For the Three Months
Ended
     For the Nine Months
Ended
 
     October 4,
2015
     September 28,
2014
     October 4,
2015
     September 28,
2014
 
     (in thousands)  

Cost of revenues—inventory charge

   $ 460       $ 763       $ 8,225       $ 1,944   

Restructuring and other

     923         225         923         371   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 1,383       $ 988       $ 9,148       $ 2,315   
  

 

 

    

 

 

    

 

 

    

 

 

 
Industrial Automation  
Schedule of Segment Reporting Information by Segment Charges

Included in the Industrial Automation segment are charges in the following line item in the statements of operations:

 

     For the Three Months
Ended
     For the Nine Months
Ended
 
     October 4,
2015
     September 28,
2014
     October 4,
2015
     September 28,
2014
 
     (in thousands)  

Cost of revenues—inventory step-up (1)

   $ 972       $ —        $ 1,567       $ —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 972       $ —        $ 1,567       $ —    
  

 

 

    

 

 

    

 

 

    

 

 

 
Corporate And Eliminations  
Schedule of Segment Reporting Information by Segment Charges

Included in Corporate and Eliminations are charges and credits in the following line items in the statements of operations:

 

     For the Three Months
Ended
    For the Nine Months
Ended
 
     October 4,
2015
    September 28,
2014
    October 4,
2015
    September 28,
2014
 
     (in thousands)  

Restructuring and other—AIT contingent consideration adjustment

   $ (1,000   $ —        $ (1,000   $ —     

Restructuring and other—Universal Robots acquisition costs

     144        —          1,104        —     

Restructuring and other—ZTEC contingent consideration adjustment

     —          (630     (1,600     (630

Other (income) expense, net—gain from the sale of an equity investment

     —          —          (5,406     —     

Selling and administrative—stock based compensation expense (2)

     —          —          —          6,598   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $ (856   $ (630   $ (6,902   $ 5,968   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) Included in the cost of revenues for the three and nine months ended October 4, 2015 is the cost for purchase accounting inventory step-up.
(2) Expense related to the January 2014 retirement of Teradyne’s former chief executive officer; see Note J: “Stock-Based Compensation.”