Segment Information (Tables)

9 Months Ended

Sep. 29, 2019

Segment information for the three and nine months ended September 29, 2019 and September 30, 2018 is as follows:


	Semiconductor Test		Industrial Automation			System Test		Wireless Test		Corporate and Other			Consolidated
	(in thousands)
Three Months Ended September 29, 2019
Revenues	$	397,737	$	68,892		$	73,305	$	42,264	$	(160	)	$	582,038
Income (loss) before income taxes (1)(2)		116,633		(1,645	)		24,381		11,182		1,182			151,733
Total assets (3)		757,422		580,635			126,452		94,789		1,139,493			2,698,791
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
Nine Months Ended September 29, 2019
Revenues	$	1,113,489	$	209,753		$	204,934	$	112,541	$	(402	)	$	1,640,315
Income (loss) before income taxes (1)(2)		291,037		(10,670	)		63,254		25,740		7,528			376,889
Total assets (3)		757,422		580,635			126,452		94,789		1,139,493			2,698,791
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

(1)

Included in

Corporate and Other are: contingent consideration adjustments, severance charges, interest income and expense, net foreign exchange gains (losses), intercompany eliminations, acquisition related expenses and compensation, pension and postretirement plans actuarial losses and an expense for the modification of Teradyne’s former chief financial officer’s outstanding equity awards.

(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.

Schedule of Segment Reporting Information by Segment Charges

Included in each 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 29,			September 30,			September 29,			September 30,
	2019			2018			2019			2018
	(in thousands)
Semiconductor Test:
Cost of revenues—inventory charge	$	1,867		$	2,071		$	5,319		$	5,851
Restructuring and other—employee severance		—			1,716			1,009			7,657
Industrial Automation:
Restructuring and other—acquisition related expenses	$	—		$	811		$	1,330		$	811
Restructuring and other—employee severance		—			—			604			—
Cost of revenues—inventory charge		—			—			508			680
System Test:
Cost of revenues—inventory charge	$	—		$	—		$	1,129		$	812
Wireless Test:
Cost of revenues—inventory charge	$	724		$	716		$	1,892		$	2,179
Corporate and Other:
Restructuring and other—MiR contingent consideration adjustment	$	(7,759	)	$	—		$	(16,427	)	$	—
Selling and administrative – equity modification charge		2,108			—			2,108			—
Restructuring and other—acquisition related expenses and compensation		816			—			928			3,318
Restructuring and other—Universal Robots contingent consideration adjustment		—			(768	)		—			(9,236	)