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Segment Information (Tables)
6 Months Ended
Jul. 03, 2016
Segment Information

Segment information for the three months and six months ended July 3, 2016 and July 5, 2015 is as follows:

 

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

Three months ended July 3, 2016:

           

Revenues

  $ 435,323      $ 48,940      $ 22,427      $ 25,102      $ —        $ 531,792   

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

    121,163        8,992        (356,505     (4,501     34        (230,817

Total assets (3)

    731,394        91,374        61,618        346,290        1,177,182        2,407,858   

Three months ended July 5, 2015:

           

Revenues

  $ 400,315      $ 45,822      $ 62,879      $ 3,723      $ —        $ 512,739   

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

    129,546        (4,333     6,841        (1,700     1,782        132,136   

Total assets (3)

    649,087        95,544        485,857        358,276        1,104,043        2,692,807   

Six months ended July 3, 2016:

           

Revenues

  $ 775,588      $ 102,610      $ 42,741      $ 41,848      $ —        $ 962,787   

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

    194,417        18,484        (376,645     (11,669     1,788        (173,625

Total assets (3)

    731,394        91,374        61,618        346,290        1,177,182        2,407,858   

Six months ended July 5, 2015:

           

Revenues

  $ 671,232      $ 83,258      $ 96,927      $ 3,723      $ —        $ 855,140   

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

    172,671        (3,328     (3,600     (1,700     10,531        174,574   

Total assets (3)

    649,087        95,544        485,857        358,276        1,104,043        2,692,807   

 

(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 Six Months
Ended
 
     July 3,
2016
     July 5,
2015
     July 3,
2016
     July 5,
2015
 
     (in thousands)  

Cost of revenues—inventory charge

   $ 2,234       $ 6,409       $ 5,919       $ 6,940   

Restructuring and other

     337         305         751         305   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 2,571       $ 6,714       $ 6,670       $ 7,245   
  

 

 

    

 

 

    

 

 

    

 

 

 
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 Six Months
Ended
 
     July 3,
2016
     July 5,
2015
     July 3,
2016
     July 5,
2015
 
     (in thousands)  

Goodwill impairment

   $ 254,946       $ —         $ 254,946       $ —     

Acquired intangible assets impairment

     83,339         —           83,339         —     

Cost of revenues—inventory charge

     5,271         330         5,876         1,176   

Restructuring and other

     967         —           967         —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 344,523       $ 330       $ 345,128       $ 1,176   
  

 

 

    

 

 

    

 

 

    

 

 

 
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 Six Months
Ended
 
     July 3,
2016
     July 5,
2015
     July 3,
2016
     July 5,
2015
 
     (in thousands)  

Cost of revenues—inventory step-up (1)

   $ —         $ 595       $ —         $ 595   

 

(1) Included in the cost of revenues for the three and six months ended July 5, 2015 is the cost for purchase accounting inventory step-up.

 

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 Six Months
Ended
 
     July 3,
2016
     July 5,
2015
     July 3,
2016
     July 5,
2015
 
     (in thousands)  

Cost of revenues—inventory charge

   $ 237       $ 7,702       $ 320       $ 7,765   
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 Six Months
Ended
 
     July 3,
2016
    July 5,
2015
    July 3,
2016
    July 5,
2015
 
     (in thousands)  

Restructuring and other—Impairment of fixed assets and expenses related to the Japan earthquake

   $ 5,051      $ —        $ 5,051      $ —     

Restructuring and other—Property insurance recovery and proceeds

     (5,051     —          (5,051     —     

Restructuring and other—Universal Robots contingent consideration adjustment

     755        —          1,928        —     

Restructuring and other—AIT contingent consideration adjustment

     550        —          550        —     

Restructuring and other—ZTEC contingent consideration adjustment

     —          (1,600     —          (1,600

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

     —          (624     —          (5,406

Restructuring and other—Universal Robots acquisition costs

     —          960        —          960   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $ 1,305      $ (1,264   $ 2,478      $ (6,046