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Operating Segment, Geographic and Significant Customer Information (Tables)
12 Months Ended
Dec. 31, 2017
Segment Information

Segment information for the years ended December 31, 2017, 2016, and 2015 is as follows:

 

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

2017

           

Revenues

  $ 1,662,549     $ 192,135     $ 170,056     $ 111,866     $ —       $ 2,136,606  

Income (loss) before taxes (1)(2)

    491,361       10,306       8,763       17,350       (3,368     524,412  

Total assets (3)

    597,480       97,018       368,037       59,912       1,987,098       3,109,545  

Property additions

    87,920       5,976       7,044       4,435       —         105,375  

Depreciation and amortization expense

    58,901       6,646       25,711       5,392       11,425       108,075  

2016

           

Revenues

  $ 1,368,169     $ 189,846     $ 99,031     $ 96,204     $ —       $ 1,753,250  

Income (loss) before taxes (1)(2)

    311,939       28,916       (16,783     (371,409     (7,723     (55,060

Total assets (3)

    557,546       110,361       317,635       62,366       1,714,585       2,762,493  

Property additions

    70,543       3,788       6,755       4,186       —         85,272  

Depreciation and amortization expense

    58,087       6,551       26,869       25,921       2,581       120,009  

2015

           

Revenues

  $ 1,201,530     $ 211,584     $ 41,892     $ 184,572     $ —       $ 1,639,578  

Income (loss) before taxes (1)(2)

    260,154       25,101       (7,574     (13,830     (10,727     253,124  

Total assets (3)

    610,869       102,547       344,260       427,880       1,063,118       2,548,674  

Property additions

    79,052       6,228       1,465       3,133       —         89,878  

Depreciation and amortization expense

    64,415       4,391       14,500       53,440       4,027       140,773  

 

(1) Included in Corporate and Eliminations are: contingent consideration adjustments, pension and postretirement plans actuarial gains (losses), severance charges, impairment of fixed assets and expenses related to the Japan earthquake, property insurance recovery, interest income, interest expense, net foreign exchange gains (losses), and gain from the sale of an equity investment.
(2) Included in income (loss) before taxes are charges and credits related to restructuring and other, inventory charges, goodwill impairment charges and an acquired intangible assets impairment charge.
(3) Total assets are attributable to each segment. Corporate assets consist of cash and cash equivalents, marketable securities and certain other assets.
Revenues by Country

Information as to Teradyne’s revenues by country is as follows:

 

     2017      2016      2015  
     (in thousands)  

Revenues from customers (1):

        

Taiwan

   $ 687,031      $ 653,076      $ 436,389  

China

     260,451        174,876        264,898  

United States

     252,516        221,948        217,386  

Korea

     206,819        147,882        120,224  

Japan

     169,093        135,978        128,228  

Europe

     163,715        117,671        111,903  

Malaysia

     124,048        103,472        76,707  

Philippines

     105,850        54,705        96,103  

Singapore

     101,085        73,172        105,216  

Thailand

     29,566        43,097        59,104  

Rest of the World

     36,432        27,373        23,420  
  

 

 

    

 

 

    

 

 

 
   $ 2,136,606      $ 1,753,250      $ 1,639,578  
  

 

 

    

 

 

    

 

 

 

 

(1) Revenues attributable to a country are based on location of customer site.
Long-Lived Assets by Geographic Area

Long-lived assets by geographic area:

 

     United States      Foreign(1)      Total  
     (in thousands)  

December 31, 2017

   $ 198,855      $ 69,592      $ 268,447  

December 31, 2016

   $ 189,195      $ 64,626      $ 253,821  

 

(1) As of December 31, 2017 and 2016, long-lived assets attributable to Singapore were $23.6 million and $31.5 million, respectively.
Wireless Test  
Schedule of Segment Reporting Information by Segment Charges

Included in the Wireless Test segment are charges in the following accounts:

 

     For the Year Ended December 31,  
         2017              2016              2015      
     (in thousands)  

Cost of revenues—inventory charge

   $ 2,190      $ 7,207      $ 2,500  

Restructuring and other—lease impairment

     973        —          —    

Restructuring and other—employee severance

     —          2,650        —    

Goodwill impairment charge

     —          254,946        —    

Intangible assets impairment charge

     —          83,339        —    
System Test  
Schedule of Segment Reporting Information by Segment Charges

Included in the System Test segment are charges and credits in the following accounts:

 

     For the Year Ended December 31,  
         2017              2016             2015      
     (in thousands)  

Cost of revenues—inventory charge

   $ 1,918      $ 630     $ 8,324  

Restructuring and other—employee severance

     —          (49     1,037  
Semiconductor Test  
Schedule of Segment Reporting Information by Segment Charges

Included in the Semiconductor Test segment are charges in the following accounts:

 

     For the Year Ended
December 31,
 
         2017              2016              2015      
     (in thousands)  

Cost of revenues—inventory charge

   $ 4,606      $ 9,656      $ 10,508  

Restructuring and other—employee severance

     1,779        2,860        499  

Restructuring and other—impairment of fixed assets

     1,124        —          —    
Corporate And Eliminations  
Schedule of Segment Reporting Information by Segment Charges

Included in the Corporate and Eliminations segment are charges and credits in the following accounts:

 

     For the Year Ended December 31,  
          2017               2016               2015       
     (in thousands)  

Restructuring and other—Universal Robots contingent consideration adjustment

   $ 7,820     $ 15,346     $ 5,339  

Restructuring and other—impairment of fixed assets and expenses related to Japan earthquake

     755       5,051       —    

Restructuring and other—employee severance

     530       —         —    

Restructuring and other—property insurance recovery

     (5,064     (5,051     —    

Cost of revenues—pension actuarial (gains) losses

     (2,752     (1,025     8,271  

Engineering and development—pension actuarial (gains) losses

     (2,456     (1,234     4,658  

Selling and administrative—pension actuarial (gains) losses

     (1,416     (944     4,826  

Restructuring and other—ZTEC contingent consideration adjustment

     —         —         (1,600

Restructuring and other—AIT contingent consideration adjustment

     —         550       (1,250

Restructuring and other—acquisition costs

     —         —         1,104  

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

     —         —         (5,406
Industrial Automation  
Schedule of Segment Reporting Information by Segment Charges

Included in the Industrial Automation segment are charges in the following accounts:

 

     For the Year Ended December 31,  
         2017               2016               2015       
     (in thousands)  

Restructuring and other—employee severance

   $ 1,414      $ 585      $ —    

Cost of revenues—inventory step-up (1)

     —          —          1,567  

 

(1) Included in the cost of revenues for the year ended December 31, 2015 is the cost for purchase accounting inventory step-up.