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Operating Segment, Geographic and Significant Customer Information (Tables)
12 Months Ended
Dec. 31, 2018
Segment Information
Segment information for the years ended December 31, 2018, 2017, and 2016 is as follows:
 
 
 
Semiconductor
Test
 
 
System
Test
 
 
Industrial
Automation
 
 
Wireless
Test
 
 
Corporate
And
Other
 
 
Consolidated
 
 
 
(in thousands)
 
2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$1,492,417
 
 
$216,132
 
 
$261,452
 
 
$132,006
 
 
$(1,205)
 
$2,100,802
 
Income (loss) before taxes (1)(2)
 
 
397,645
 
 
 
48,857
 
 
 
7,670
 
 
 
29,052
 
 
 
(15,423)
 
 
467,801
 
Total assets (3)
 
 
669,452
 
 
 
88,098
 
 
 
607,502
 
 
 
77,570
 
 
 
1,263,984
 
 
 
2,706,606
 
Property additions
 
 
94,496
 
 
 
3,469
 
 
 
11,188
 
 
 
5,226
 
 
 
 
 
 
114,379
 
Depreciation and amortization expense
 
 
58,095
 
 
 
6,430
 
 
 
36,755
 
 
 
5,328
 
 
 
6,616
 
 
 
113,224
 
2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$1,662,549
 
 
$192,135
 
 
$170,056
 
 
$111,866
 
 
$
 
 
$2,136,606
 
Income (loss) before taxes (1)(2)
 
 
491,361
 
 
 
10,305
 
 
 
8,763
 
 
 
17,350
 
 
 
(3,368)
 
 
524,411
 
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
 
 
(1)
Included in Corporate and Other 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), intercompany eliminations and acquisition related charges.
(2)
Included in income (loss) before taxes are charges and credits related to restructuring and other, and inventory charges. In 2016, loss before income taxes in Wireless Test also included charges related to goodwill and acquired intangible assets impairment.
(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:
 
 
 
2018
 
 
2017
 
 
2016
 
 
 
(in thousands)
 
Revenues from customers (1):
 
 
 
 
 
 
 
 
 
 
 
 
Taiwan
 
$516,322
 
 
$687,031
 
 
$653,076
 
China
 
 
348,942
 
 
 
260,451
 
 
 
174,876
 
United States
 
 
282,869
 
 
 
252,516
 
 
 
221,948
 
Europe
 
 
223,207
 
 
 
163,715
 
 
 
117,671
 
Korea
 
 
163,224
 
 
 
206,819
 
 
 
147,882
 
Japan
 
 
158,281
 
 
 
169,093
 
 
 
135,978
 
Malaysia
 
 
122,797
 
 
 
124,048
 
 
 
103,472
 
Singapore
 
 
108,618
 
 
 
101,085
 
 
 
73,172
 
Philippines
 
 
77,996
 
 
 
105,850
 
 
 
54,705
 
Thailand
 
 
59,184
 
 
 
29,566
 
 
 
43,097
 
Rest of the World
 
 
39,362
 
 
 
36,432
 
 
 
27,373
 
 
 
$2,100,802
 
 
$2,136,606
 
 
$1,753,250
 
 
(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, 2018
 
$209,368
 
 
$70,453
 
 
$279,821
 
December 31, 2017
 
$198,855
 
 
$69,592
 
 
$268,447
 
 
(1)
As of December 31, 2018 and 2017, long-lived assets attributable to Singapore were $19.4 million and $23.6 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,
 
 
 
2018
 
 
2017
 
 
2016
 
 
 
(in thousands)
 
Cost of revenues—inventory charge
 
$2,565 
 
$2,190
 
 
$7,207
 
Restructuring and other—lease impairment
 
 
 
 
 
972
 
 
 
 
Restructuring and other—employee severance
 
 
 
 
 
 
 
 
2,650
 
Goodwill impairment charge
 
 
 
 
 
 
 
 
254,946
 
Intangible assets impairment charge
 
 
 
 
 
 
 
 
83,339
 
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,
 
 
 
2018
 
 
2017
 
 
2016
 
 
 
(in thousands)
 
Restructuring and other—employee severance
 
$8,429
 
 
$1,779
 
 
$2,860
 
Cost of revenues—inventory charge
 
 
6,822
 
 
 
4,606
 
 
 
9,656
 
Restructuring and other—impairment of fixed assets
 
 
 
 
 
1,124
 
 
 
 
System Test  
Schedule of Segment Reporting Information by Segment Charges
Included in the System Test segment are charges in the following accounts:
 
 
 
For the Year Ended December 31,
 
 
 
2018
 
 
2017
 
 
2016
 
 
 
(in thousands)
 
Cost of revenues—inventory charge
 
$1,175
 
 
$1,918
 
 
$630
 
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,
 
 
 
2018
 
 
2017
 
 
2016
 
 
 
(in thousands)
 
Restructuring and other—acquisition related expenses and compensation
 
$1,163 
 
$
 
 
$
 
Cost of revenues—inventory charge
 
 
680
 
 
 
 
 
 
 
Restructuring and other—employee severance
 
 
 
 
 
1,414
 
 
 
585
 
Corporate And Eliminations  
Schedule of Segment Reporting Information by Segment Charges
Included in Corporate and Other are charges and credits in the following accounts:
 
 
 
For the Year Ended December 31,
 
 
 
2018
 
 
2017
 
 
2016
 
 
 
(in thousands)
 
Restructuring and other—MiR contingent consideration adjustment
 
$17,666
 
 
$
 
 
$
 
Restructuring and other—Universal Robots contingent consideration adjustment
 
 
(16,679)
 
 
7,820
 
 
 
15,346
 
Restructuring and other—acquisition related expenses
 
 
3,422
 
 
 
 
 
 
 
Restructuring and other
 
 
872
 
 
 
 
 
 
 
Restructuring and other—expense related to Japan earthquake and impairment of fixed assets
 
 
 
 
 
755
 
 
 
5,051
 
Restructuring and other—property insurance recovery
 
 
 
 
 
(5,064)
 
 
(5,051)