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Segment Information (Tables)
9 Months Ended
Sep. 30, 2018
Segment Information

Segment information for the three and nine months ended September 30, 2018 and October 1, 2017 is as follows:

 

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

Three Months Ended September 30, 2018

           

Revenues

  $ 417,297     $ 65,913     $ 49,606     $ 34,304     $ (272   $ 566,848  

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

    126,638       940       9,056       7,843       (3,633     140,844  

Total assets (3)

    709,616       617,741       83,160       79,986       1,391,984       2,882,487  

Three Months Ended October 1, 2017

           

Revenues

  $ 396,881     $ 40,063     $ 35,569     $ 30,865     $ —       $ 503,378  

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

    116,836       3,373       (3,344     7,461       3,111       127,437  

Total assets (3)

    598,925       508,943       100,083       61,206       1,820,170       3,089,327  

Nine Months Ended September 30, 2018

           

Revenues

  $ 1,150,712     $ 176,803     $ 162,308     $ 92,023     $ (602   $ 1,581,244  

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

    305,876       (1,198     35,296       18,615       (1,914     356,675  

Total assets (3)

    709,616       617,741       83,160       79,986       1,391,984       2,882,487  

Nine Months Ended October 1, 2017

           

Revenues

  $ 1,345,560     $ 115,672     $ 112,147     $ 83,812     $ —       $ 1,657,191  

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

    426,081       (279     (11,795     13,508       (1,186     426,329  

Total assets (3)

    598,925       508,943       100,083       61,206       1,820,170       3,089,327  

 

(1)

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

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
 
     September 30,
2018
     October 1,
2017
     September 30,
2018
     October 1,
2017
 
     (in thousands)  

Cost of revenues—inventory charge

   $ 2,071      $ 743      $ 5,851      $ 3,686  

Restructuring and other—employee severance

     1,716        375        7,657        242  
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 Nine Months
Ended
 
     September 30,
2018
     October 1,
2017
     September 30,
2018
     October 1,
2017
 
     (in thousands)  

Cost of revenues—inventory charge

   $ 237      $ 251      $ 812      $ 1,609  
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 Nine Months
Ended
 
     September 30,
2018
     October 1,
2017
     September 30,
2018
     October 1,
2017
 
     (in thousands)  

Restructuring and other—acquisition related expenses and compensation

   $ 811      $ —        $ 811      $ —    

Cost of revenues—inventory charge

     323        130        680        130  

Restructuring and other—employee severance

     —          206        288        1,150  
Wireless Test  
Schedule of Segment Reporting Information by Segment Charges

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

 

     For the Three Months
Ended
     For the Nine Months
Ended
 
     September 30,
2018
     October 1,
2017
     September 30,
2018
     October 1,
2017
 
     (in thousands)  

Cost of revenues—inventory charge

   $ 716      $ 735      $ 2,179      $ 1,729  

Restructuring and other—lease impairment

     —          (393      —          900  
Corporate and Other  
Schedule of Segment Reporting Information by Segment Charges

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

 

     For the Three Months
Ended
     For the Nine Months
Ended
 
     September 30,
2018
     October 1,
2017
     September 30,
2018
     October 1,
2017
 
     (in thousands)  

Restructuring and other—Universal Robots contingent consideration adjustment

   $ (768    $ (286    $ (9,236    $ 1,847  

Restructuring and other—acquisition related expenses

     —          —          3,318        —    

Restructuring and other

     —          —          872        —    

Restructuring and other—property insurance recovery

     —          (5,064      —          (5,064

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

     —          755        —          755  

Restructuring and other—employee severance

     —          —          —          530