Debt (Tables)

3 Months Ended

Apr. 02, 2023

Components of Convertible Senior Notes

The tables below represent the key components of Teradyne’s convertible senior notes:

	April 2, 2023		December 31, 2022
	(in thousands)
Debt principal	$	35,109	$	50,228
Unamortized debt issuance fees		—		113
Net carrying amount of convertible debt	$	35,109	$	50,115

Teradyne’s convertible senior notes were reported as current debt at April 2, 2023 and December 31, 2022.

The interest expense on Teradyne’s convertible senior notes for the three months ended April 2, 2023 and April 3, 2022 was as follows:

	For the Three Months Ended
	April 2, 2023		April 3, 2022
	(in thousands)
Contractual interest expense on the coupon	$	138	$	311
Amortization of the issue fees recognized as interest expense		113		66
Total interest expense on the convertible debt	$	251	$	377