Goodwill and Acquired Intangible Assets (Tables)

3 Months Ended

Apr. 02, 2023

Changes in Carrying Amount of Goodwill by Segment

The changes in the carrying amount of goodwill by reportable segments for the three months ended April 2, 2023, were as follows:

	Robotics		Wireless Test			Semiconductor Test			System Test			Total
	(in thousands)
Balance at December 31, 2022
Goodwill	$	383,166	$	361,819		$	262,077		$	158,699		$	1,165,761
Accumulated impairment losses		—		(353,843	)		(260,540	)		(148,183	)		(762,566	)
		383,166		7,976			1,537			10,516			403,195
Foreign currency translation adjustment		6,609		—			24			—			6,633
Balance at April 2, 2023
Goodwill		389,775		361,819			262,101			158,699			1,172,394
Accumulated impairment losses		—		(353,843	)		(260,540	)		(148,183	)		(762,566	)
	$	389,775	$	7,976		$	1,561		$	10,516		$	409,828

Schedule of Amortizable Intangible Assets

Amortizable intangible assets consist of the following and are included in intangible assets, net on the balance sheet:

	Gross Carrying Amount		Accumulated Amortization			Foreign Currency Translation Adjustment			Net Carrying Amount
	(in thousands)
Balance at April 2, 2023
Developed technology	$	270,967	$	(237,269	)	$	(5,560	)	$	28,138
Customer relationships		57,739		(51,756	)		184			6,167
Tradenames and trademarks		59,387		(43,101	)		(1,345	)		14,941
Total intangible assets	$	388,093	$	(332,126	)	$	(6,721	)	$	49,246
Balance, December 31, 2022
Developed technology	$	270,967	$	(234,208	)	$	(5,935	)	$	30,824
Customer relationships		57,739		(51,186	)		172			6,725
Tradenames and trademarks		59,387		(41,930	)		(1,528	)		15,929
Total intangible assets	$	388,093	$	(327,324	)	$	(7,291	)	$	53,478

Schedule of Estimated Intangible Assets Amortization Expense

Estimated intangible asset amortization expense for each of the five succeeding fiscal years and thereafter is as follows:

Year	Amortization Expense
	(in thousands)
2023	$	14,219
2024		18,749
2025		11,320
2026		2,371
2027		1,155
Thereafter		1,432