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Segment Information (Tables)
6 Months Ended
Jul. 02, 2017
Segment Information

Segment information for the three and six months ended July 2, 2017 and July 3, 2016 is as follows:

 

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

Three Months Ended July 2, 2017

           

Revenues

  $ 593,152     $ 39,337     $ 36,732     $ 27,680     $ —       $ 696,901  

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

    211,278       (1,081     (5,692     4,514       (2,142     206,877  

Total assets (3)

    766,395       349,023       108,083       62,900       1,743,824       3,030,225  

Three Months Ended July 3, 2016

           

Revenues

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

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

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

Total assets (3)

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

Six Months Ended July 2, 2017

           

Revenues

  $ 948,679     $ 75,610     $ 76,578     $ 52,947     $ —       $ 1,153,814  

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

    309,244       (3,652     (8,451     6,046       (4,294     298,893  

Total assets (3)

    766,395       349,023       108,083       62,900       1,743,824       3,030,225  

Six Months Ended July 3, 2016

           

Revenues

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

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

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

Total assets (3)

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

 

(1) Interest income, interest expense, contingent consideration adjustments, pension and postretirement plan actuarial gains and other income (expense) are included in Corporate and Eliminations.
(2) Included in income (loss) before taxes are charges and credits related to restructuring and other, inventory charges, goodwill impairment charges and acquired intangible assets impairment charge.
(3) Total business assets are attributable to each business. Corporate assets consist of cash and cash equivalents, marketable securities and certain other assets.
System Test  
Schedule of Segment Reporting Information by Segment Charges

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

 

     For the Three Months
Ended
     For the Six Months
Ended
 
     July 2,
2017
     July 3,
2016
     July 2,
2017
     July 3,
2016
 
     (in thousands)  

Cost of revenues—inventory charge

   $ 473      $ 237      $ 1,358      $ 320  
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 2,
2017
     July 3,
2016
     July 2,
2017
     July 3,
2016
 
     (in thousands)  

Cost of revenues—inventory charge

   $ 472      $ 5,271      $ 994      $ 5,876  

Restructuring and other—lease impairment

     —          —          1,313        —    

Goodwill impairment

     —          254,946        —          254,946  

Acquired intangible assets impairment

     —          83,339        —          83,339  

Restructuring and other—employee severance

     —          967        —          967  
Semiconductor Test  
Schedule of Segment Reporting Information by Segment Charges

Included in the Semiconductor Test segment 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 2,
2017
     July 3,
2016
     July 2,
2017
     July 3,
2016
 
     (in thousands)  

Cost of revenues—inventory charge

   $ 1,624      $ 2,234      $ 2,943      $ 5,919  

Restructuring and other—employee severance

     132        337        (133      751  
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 2,
2017
     July 3,
2016
     July 2,
2017
     July 3,
2016
 
     (in thousands)  

Restructuring and other—employee severance

     321        —          945        —    
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 2,
2017
     July 3,
2016
     July 2,
2017
     July 3,
2016
 
     (in thousands)  

Restructuring and other—Universal Robots contingent consideration adjustment

   $ 1,499      $ 755      $ 2,133      $ 1,928  

Restructuring and other—employee severance

     325        —          530        —    

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

     —          5,051        —          5,051  

Restructuring and other—property insurance recovery and proceeds

     —          (5,051      —          (5,051

Restructuring and other—AIT contingent consideration adjustment

     —          550        —          550