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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Apr. 04, 2021
Mar. 29, 2020
Revenues:    
Total revenues [1] $ 781,606 $ 704,355
Cost of revenues:    
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) 319,988 298,805
Gross profit 461,618 405,550
Operating expenses:    
Selling and administrative 129,797 111,388
Engineering and development 100,402 85,159
Acquired intangible assets amortization 5,536 9,891
Restructuring and other (7,130) (7,606)
Total operating expenses 228,605 198,832
Income from operations 233,013 206,718
Non-operating (income) expense:    
Interest income (808) (2,751)
Interest expense 6,004 5,551
Other (income) expense, net 3,824 6,849
Income before income taxes 223,993 197,069
Income tax provision 18,481 20,878
Net income $ 205,512 $ 176,191
Net income per common share:    
Basic $ 1.23 $ 1.06
Diluted $ 1.09 $ 0.97
Weighted average common shares—basic 166,491 166,589
Weighted average common shares—diluted 187,740 180,736
Cash dividend declared per common share $ 0.10 $ 0.10
Product [Member]    
Revenues:    
Total revenues $ 660,508 $ 610,906
Cost of revenues:    
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) 267,784 259,996
Service [Member]    
Revenues:    
Total revenues 121,098 93,449
Cost of revenues:    
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) $ 52,204 $ 38,809
[1] Includes $3.1 million and $1.8 million in 2021 and 2020, respectively, for leases of Teradyne’s systems recognized outside Accounting Standards Codification (“ASC”) 606 “Revenue from Contracts with Customers.”