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Segment Information (Tables)
6 Months Ended
Jul. 05, 2015
Segment Information

Segment information for the three and six months ended July 5, 2015 and June 29, 2014 is as follows:

 

    Semiconductor
Test
    Wireless
Test
    System
Test
    Industrial
Automation
    Corporate
and
Eliminations
    Consolidated  
    (in thousands)  

Three months ended July 5, 2015:

           

Revenues

  $ 400,315      $ 62,879      $ 45,822      $ 3,723      $ —       $ 512,739   

Income (loss) before income taxes (1)(2)

    129,546        6,841        (4,333     (1,700     1,782        132,136   

Total assets (3)

    649,087        485,857        95,544        358,276        1,104,043        2,692,807   

Three months ended June 29, 2014:

           

Revenues

  $ 421,434      $ 68,699      $ 35,434      $ —       $ —       $ 525,567   

Income (loss) before income taxes (1)(2)

    107,270        14,229        (715     —          608        121,392   

Total assets (3)

    747,492        638,012        71,644        —          1,173,515        2,630,663   

Six months ended July 5, 2015:

           

Revenues

  $ 671,232      $ 96,927      $ 83,258      $ 3,723      $ —       $ 855,140   

Income (loss) before income taxes (1)(2)

    172,671        (3,600     (3,328     (1,700     10,531        174,574   

Total assets (3)

    649,087        485,857        95,544        358,276        1,104,043        2,692,807   

Six months ended June 29, 2014:

           

Revenues

  $ 683,171      $ 89,909      $ 73,497      $ —       $ —       $ 846,577   

Income (loss) before income taxes (1)(2)

    141,870        (10,856     (267     —          (11,228     119,519   

Total assets (3)

    747,492        638,012        71,644        —          1,173,515        2,630,663   

 

(1) Interest income, interest expense, and other (income) expense, net are included in Corporate and Eliminations.
(2) Included in the income (loss) before income taxes for each of the segments are charges related to inventory and other.
(3) Total business assets are directly attributable to each business. Corporate assets consist of cash and cash equivalents, marketable securities and certain other assets.
Wireless Test  
Schedule of Segment Reporting Information by Segment Charges

Included in the Wireless Test segment are charges in the following line items in the statements of operations:

 

     For the Three Months
Ended
     For the Six Months
Ended
 
     July 5,
2015
     June 29,
2014
     July 5,
2015
     June 29,
2014
 
     (in thousands)  

Cost of revenues—inventory charge

   $ 330       $ 879       $ 1,176       $ 3,972   

Restructuring and other

     —           426         —           426   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 330       $ 1,305       $ 1,176       $ 4,398   
  

 

 

    

 

 

    

 

 

    

 

 

 
System Test  
Schedule of Segment Reporting Information by Segment Charges

Included in the System Test segment are charges in the following line items in the statements of operations:

 

     For the Three Months
Ended
     For the Six Months
Ended
 
     July 5,
2015
     June 29,
2014
     July 5,
2015
     June 29,
2014
 
     (in thousands)  

Cost of revenues—inventory charge

   $ 7,702       $ 440       $ 7,765       $ 1,181   

Restructuring and other

     —           146         —           146   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 7,702       $ 586       $ 7,765       $ 1,327   
  

 

 

    

 

 

    

 

 

    

 

 

 
Industrial Automation  
Schedule of Segment Reporting Information by Segment Charges

Included in the Industrial Automation segment are charges in the following line item in the statements of operations:

 

     For the Three Months
Ended
     For the Six Months
Ended
 
     July 5,
2015
     June 29,
2014
     July 5,
2015
     June 29,
2014
 
     (in thousands)  

Cost of revenues—inventory step-up (1)

   $ 595       $ —        $ 595       $ —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 595       $ —        $ 595       $ —    
  

 

 

    

 

 

    

 

 

    

 

 

 
Semiconductor Test  
Schedule of Segment Reporting Information by Segment Charges

Included in the Semiconductor Test segment are charges in the following line items in the statements of operations:

 

     For the Three Months
Ended
     For the Six Months
Ended
 
     July 5, 
2015
     June 29, 
2014
     July 5, 
2015
     June 29, 
2014
 
     (in thousands)  

Cost of revenues—inventory charge

   $ 6,409       $ 3,713       $ 6,940       $ 9,918   

Restructuring and other

     305         —           305         —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 6,714       $ 3,713       $ 7,245       $ 9,918   
  

 

 

    

 

 

    

 

 

    

 

 

 
Corporate And Eliminations  
Schedule of Segment Reporting Information by Segment Charges

Included in Corporate and Eliminations are charges and credits in the following line items in the statements of operations:

 

     For the Three Months
Ended
     For the Six Months
Ended
 
     July 5,
    2015    
    June 29,
    2014    
     July 5,
2015
    June 29,
2014
 
     (in thousands)  

Restructuring and other—ZTEC contingent consideration adjustment

   $ (1,600   $ —         $ (1,600   $ —     

Other (income) expense, net—gain from the sale of an equity investment

     (624     —           (5,406     —     

Restructuring and other—Universal Robots acquisition costs

     960        —           960        —     

Selling and administrative—stock-based compensation expense (2)

     —          —           —          6,598   
  

 

 

   

 

 

    

 

 

   

 

 

 

Total

   $ (1,264   $ —         $ (6,046   $ 6,598   
  

 

 

   

 

 

    

 

 

   

 

 

 

 

(1) Included in the cost of revenues for the three and six months ended July 5, 2015 is the cost for purchase accounting inventory step-up.
(2) Expense related to the January 2014 retirement of Teradyne’s former chief executive officer; see Note J: “Stock-Based Compensation”.