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RESTRUCTURING AND OTHER | 62 Months Ended
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Dec. 31, 2012
RESTRUCTURING AND OTHER | N. RESTRUCTURING AND OTHER Other During the year ended December 31, 2012, due to a decrease in specified new product revenue through the December 31, 2012 earn-out period end date, Teradyne recorded an $8.8 million fair value adjustment to decrease the LitePoint acquisition contingent consideration. The $68.5 million decrease in the contingent consideration liability from December 31, 2011 is due to $59.7 million in payments and an $8.8 million fair value decrease. During the year ended December 31, 2011, Teradyne recorded $5.8 million of other charges in which $4.6 million related to acquisition costs and $1.2 million related to a non-U.S pension settlement. During the year ended December 31, 2010, Teradyne had $3.0 million of other gains related to non-U.S pension settlements. Restructuring In response to a downturn in the industry in 2008 and 2009, Teradyne initiated restructuring activities across its Semiconductor Test and Systems Test Group segments to reduce costs, principally through headcount reductions and facility consolidations. The remaining accrual for severance and benefits of $0.2 million is reflected in the accrued employees’ compensation and withholdings account on the balance sheet and is expected to be paid by June 2013. The remaining accrual for lease payments on vacated facilities of $1.1 million is reflected in the other accrued liabilities account and is expected to be paid over the next twelve months. As of December 31, 2012, Teradyne has subleased approximately 37% of its unoccupied space.
|  | Severance and Benefits |  |  | Facility Exit Costs |  |  | Total |
|  | (in thousands) |
Pre-2010 Activities |  |  |  |  |  |  |  |  |  |  |  |
Balance at December 31, 2009 |  | $ | 2,905 |  |  | $ | 10,056 |  |  | $ | 12,961 |
Change in estimate |  |  | 240 |  |  |  | (2,672 | ) |  |  | (2,432 | )
Cash payments |  |  | (3,145 | ) |  |  | (4,121 | ) |  |  | (7,266 | )
Balance at December 31, 2010 |  |  | — |  |  |  | 3,263 |  |  |  | 3,263 |
Change in estimate |  |  | — |  |  |  | (485 | ) |  |  | (485 | )
Cash payments |  |  | — |  |  |  | (916 | ) |  |  | (916 | )
Balance at December 31, 2011 |  |  | — |  |  |  | 1,862 |  |  |  | 1,862 |
Cash payments |  |  | — |  |  |  | (778 | ) |  |  | (778 | )
Balance at December 31, 2012 |  | $ | — |  |  | $ | 1,084 |  |  | $ | 1,084 |
2010 Activities |  |  |  |  |  |  |  |  |  |  |  |
Q1 2010 Activity: |  |  |  |  |  |  |  |  |  |  |  |
Provision |  | $ | 405 |  |  | $ | — |  |  | $ | 405 |
Cash payments |  |  | (405 | ) |  |  | — |  |  |  | (405 | )
Balance at December 31, 2010 |  | $ | — |  |  | $ | — |  |  | $ | — |
Q2 2010 Activities: |  |  |  |  |  |  |  |  |  |  |  |
Provision |  | $ | 890 |  |  | $ | — |  |  | $ | 890 |
Cash payments |  |  | (402 | ) |  |  | — |  |  |  | (402 | )
Balance at December 31, 2010 |  |  | 488 |  |  |  | — |  |  |  | 488 |
Change in estimate |  |  | 202 |  |  |  | — |  |  |  | 202 |
Cash payments |  |  | (690 | ) |  |  | — |  |  |  | (690 | )
Balance at December 31, 2011 |  | $ | — |  |  | $ | — |  |  | $ | — |
Q3 2010 Activity: |  |  |  |  |  |  |  |  |  |  |  |
Provision |  | $ | 382 |  |  | $ | — |  |  | $ | 382 |
Cash payments |  |  | (72 | ) |  |  | — |  |  |  | (72 | )
Other |  |  | (184 | ) |  |  | — |  |  |  | (184 | )
Balance at December 31, 2010 |  |  | 126 |  |  |  | — |  |  |  | 126 |
Change in estimate |  |  | (47 | ) |  |  | — |  |  |  | (47 | )
Cash payments |  |  | (79 | ) |  |  | — |  |  |  | (79 | )
Balance at December 31, 2011 |  | $ | — |  |  | $ | — |  |  | $ | — |
Q4 2010 Activity: |  |  |  |  |  |  |  |  |  |  |  |
Provision |  | $ | 98 |  |  | $ | — |  |  | $ | 98 |
Balance at December 31, 2010 |  |  | 98 |  |  |  | — |  |  |  | 98 |
Provision |  |  | 117 |  |  |  | — |  |  |  | 117 |
Cash payments |  |  | (215 | ) |  |  | — |  |  |  | (215 | )
Balance at December 31, 2011 |  | $ | — |  |  | $ | — |  |  | $ | — |
2011 Activities |  |  |  |  |  |  |  |  |  |  |  |
Q1 2011 Activity: |  |  |  |  |  |  |  |  |  |  |  |
Provision |  | $ | 572 |  |  | $ | — |  |  | $ | 572 |
Cash payments |  |  | (476 | ) |  |  | — |  |  |  | (476 | )
Balance at December 31, 2011 |  |  | 96 |  |  |  | — |  |  |  | 96 |
Cash payments |  |  | (96 | ) |  |  | — |  |  |  | (96 | )
Balance at December 31, 2012 |  | $ | — |  |  | $ | — |  |  | $ | — |
Q2 2011 Activities: |  |  |  |  |  |  |  |  |  |  |  |
Provision |  | $ | 344 |  |  | $ | — |  |  | $ | 344 |
Cash payments |  |  | (115 | ) |  |  | — |  |  |  | (115 | )
Balance at December 31, 2011 |  |  | 229 |  |  |  | — |  |  |  | 229 |
Cash payments |  |  | (229 | ) |  |  | — |  |  |  | (229 | )
Balance at December 31, 2012 |  | $ | — |  |  | $ | — |  |  | $ | — |
2012 Activities |  |  |  |  |  |  |  |  |  |  |  |
Q2 2012 Activities: |  |  |  |  |  |  |  |  |  |  |  |
Provision |  | $ | 286 |  |  | $ | — |  |  | $ | 286 |
Change in estimate |  |  | (4 | ) |  |  | — |  |  |  | (4 | )
Cash payments |  |  | (282 | ) |  |  | — |  |  |  | (282 | )
Balance at December 31, 2012 |  | $ | — |  |  | $ | — |  |  | $ | — |
Q3 2012 Activity: |  |  |  |  |  |  |  |  |  |  |  |
Provision |  | $ | 687 |  |  | $ | — |  |  | $ | 687 |
Cash payments |  |  | (444 | ) |  |  | — |  |  |  | (444 | )
Balance at December 31, 2012 |  | $ | 243 |  |  | $ | — |  |  | $ | 243 |
Balance at December 31, 2012 |  | $ | 243 |  |  | $ | 1,084 |  |  | $ | 1,327 |
During the year ended December 31, 2012, Teradyne recorded the following restructuring activities: Q2 2012 Actions:
| – | $0.3 million of severance charges related to headcount reductions of 10 people in Semiconductor Test.
Q3 2012 Actions:
| – | $0.7 million of severance charges related to headcount reductions of 9 people, of which $0.5 million and 7 people were in Systems Test Group and $0.2 million and 2 people in Wireless Test.
During the year ended December 31, 2011, Teradyne recorded the following restructuring activities: Q1 2011 Actions:
| – | $0.6 million of severance charges related to headcount reductions of 5 people in Semiconductor Test.
Q2 2011 Actions:
| – | $0.3 million of severance charges related to headcount reductions of 2 people in Semiconductor Test.
Q2 2010 Actions:
| – | $0.2 million related to a change in the estimated severance benefits related to headcount reductions in Semiconductor Test.
Q4 2010 Actions:
| – | $0.1 million of severance charges related to headcount reductions in Semiconductor Test.
Pre-2010 Actions:
| – | $(0.5) million credit related to changes in the estimated exit costs related to the Westford, MA and Poway, CA facilities in Systems Test Group, and the North Reading, MA facility in Semiconductor Test and Systems Test Group.
During the year ended December 31, 2010, Teradyne recorded the following restructuring activities: Q1 2010 Actions:
| – | $0.4 million of severance charges related to headcount reductions of approximately 4 people in Semiconductor Test.
Q2 2010 Actions:
| – | $0.9 million of severance charges related to headcount reductions of approximately 6 people in Systems Test Group.
Q3 2010 Actions:
| – | $0.4 million of severance charges related to headcount reductions of approximately 10 people in Systems Test Group.
Q4 2010 Actions:
| – | $0.1 million of severance charges related to the headcount reduction of 1 person in Systems Test Group.
Pre-2010 Actions:
| – | $(2.7) million credit related to the early exit of previously impaired leased facilities in Westford, Massachusetts.
| – | $0.5 million and $(0.2) million related to a change in the estimated severance benefits related to headcount reduction activities in Semiconductor Test and Systems Test Group, respectively.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 146 -Paragraph 20 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140904-122747 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140864-122747 + Details
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