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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 29, 2020
Mar. 31, 2019
Revenues:    
Total revenues [1] $ 704,355 $ 494,099
Cost of revenues:    
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) 298,805 206,464
Gross profit 405,550 287,635
Operating expenses:    
Selling and administrative 111,388 102,013
Engineering and development 85,159 76,791
Acquired intangible assets amortization 9,891 10,634
Restructuring and other (7,606) 5,112
Total operating expenses 198,832 194,550
Income from operations 206,718 93,085
Non-operating (income) expense:    
Interest income (2,751) (4,989)
Interest expense 5,551 5,520
Other (income) expense, net 6,849 (1,425)
Income before income taxes 197,069 93,979
Income tax provision (benefit) 20,878 (15,159)
Net income $ 176,191 $ 109,138
Net income per common share:    
Basic $ 1.06 $ 0.63
Diluted $ 0.97 $ 0.62
Weighted average common shares—basic 166,589 173,532
Weighted average common shares—diluted 180,736 176,972
Cash dividend declared per common share $ 0.10 $ 0.09
Product [Member]    
Revenues:    
Total revenues $ 610,906 $ 393,442
Cost of revenues:    
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) 259,996 165,368
Service [Member]    
Revenues:    
Total revenues 93,449 100,657
Cost of revenues:    
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) $ 38,809 $ 41,096
[1] Includes $1.8 million and $1.7 million in 2020 and 2019, for leases of Teradyne’s systems recognized outside ASC 606 “Revenue from Contracts with Customers.