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Segment Information (Tables)
6 Months Ended
Jul. 01, 2018
Segment Information

Segment information for the three months ended July 1, 2018 and July 2, 2017 is as follows:

 

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

Three Months Ended July 1, 2018

           

Revenues

  $ 360,088     $ 69,682     $ 62,057     $ 35,212     $ (110   $ 526,929  

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

    91,159       20,352       (2,922     10,308       1,115       120,012  

Total assets (3)

    765,484       107,199       597,293       77,638       1,384,106       2,931,720  

Three Months Ended July 2, 2017

           

Revenues

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

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

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

Total assets (3)

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

Six Months Ended July 1, 2018

           

Revenues

  $ 733,416     $ 112,702     $ 110,891     $ 57,719     $ (332   $ 1,014,396  

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

    179,238       26,240       (2,138     10,772       1,719       215,831  

Total assets (3)

    765,484       107,199       597,293       77,638       1,384,106       2,931,720  

Six Months Ended July 2, 2017

           

Revenues

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

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

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

Total assets (3)

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

 

(1)

Included in Corporate and Other are: contingent consideration adjustments, severance charges, interest income, interest expense, net foreign exchange gains (losses), and acquisition related charges.

(2)

Included in the income (loss) before income taxes for each of the segments are charges and credits related to restructuring and other and inventory charges.

(3)

Total business assets are directly attributable to each business. Corporate assets consist of cash and cash equivalents, marketable securities and certain other assets.

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 1,
2018
     July 2,
2017
     July 1,
2018
     July 2,
2017
 
     (in thousands)  

Cost of revenues—inventory charge

   $ 627      $ 472      $ 1,463      $ 994  

Restructuring and other—lease impairment

     —          —          —          1,313  
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 1,
2018
     July 2,
2017
     July 1,
2018
     July 2,
2017
 
     (in thousands)  

Restructuring and other—employee severance

   $ 2,179      $ 132      $ 5,940      $ (133

Cost of revenues—inventory charge

     1,613        1,624        3,779        2,943  
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 1,      July 2,      July 1,      July 2,  
     2018      2017      2018      2017  
     (in thousands)  

Cost of revenues—inventory charge

   $ 256      $ 473      $ 576      $ 1,358  
Industrial Automation  
Schedule of Segment Reporting Information by Segment Charges

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

 

     For the Three Months
Ended
     For the Six Months
Ended
 
     July 1,
2018
     July 2,
2017
     July 1,
2018
     July 2,
2017
 
     (in thousands)  

Restructuring and other—employee severance

   $ 218      $ 321      $ 338      $ 945  
Corporate and Other  
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 1,
2018
     July 2,
2017
     July 1,
2018
     July 2,
2017
 
     (in thousands)  

Restructuring and other—Universal Robots contingent consideration adjustment

   $ (3,500    $ 1,499      $ (8,468    $ 2,133  

Restructuring and other—acquisition related expense

     2,544        —          3,318        —    

Restructuring and other

     872        —          872        —    

Restructuring and other—employee severance

     —          325        —          530