Revenue

3 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

E. REVENUE

Revenue recognized in accordance with ASC 606: “

Revenue from Contracts with Customers”

was $492.4 million and $483.2 million for the three months ended March 31, 2019 and April 1, 2018, respectively.

For the three months ended March 31, 2019 and April 1, 2018, Teradyne also recognized $1.7 million and $4.3 million, respectively, of revenues from leases of Teradyne systems,

which are accounted for outside of

ASC 606.

Disaggregation of Revenue

The following table provides information about disaggregated revenue by primary geographical market, major product line and timing of revenue recognition.

	For the Three Months Ended March 31, 2019
	Semiconductor Test				System Test						Industrial Automation						Wireless Test		Corporate and Other			Consolidated
	System on a Chip		Memory		Defense/ Aerospace		Storage Test		Production Board Test		Universal Robots		Mobile Industrial Robots		Energid
	(in thousands)
Americas
Point in time	$	7,977	$	8,051	$	14,783	$	1,593	$	3,254	$	15,297	$	3,539	$	—	$	2,090	$	(151	)	$	56,433
Over time		8,190		712		6,450		—		729		246		—		260		151		—			16,738
Europe, Middle East and Africa
Point in time		11,032		153		39		—		5,064		25,904		3,840		—		736		—			46,768
Over time		5,281		280		469		—		1,554		416		—		289		45		—			8,334
Asia Pacific
Point in time		219,746		35,571		263		16,605		3,636		14,178		1,727		—		24,628		—			316,354
Over time		38,913		3,280		764		2,054		920		228		—		212		1,359		—			47,730
Lease Revenue		1,667		—		—		—		43		—		—		—		32		—			1,742
Total	$	292,806	$	48,047	$	22,768	$	20,252	$	15,200	$	56,269	$	9,106	$	761	$	29,041	$	(151	)	$	494,099

	For the Three Months Ended April 1, 2018
	Semiconductor Test				System Test						Industrial Automation						Wireless Test		Corporate and Other			Consolidated
	System on a Chip		Memory		Defense/ Aerospace		Storage Test		Production Board Test		Universal Robots		Mobile Industrial Robots		Energid
	(in thousands)
Americas
Point in time	$	9,600	$	2,862	$	11,597	$	279	$	1,760	$	14,373	$	—	$	—	$	4,979	$	(221	)	$	45,229
Over time		8,791		696		6,188		—		757		89		—		—		112		—			16,633
Europe, Middle East and Africa
Point in time		12,125		139		1,497		—		4,037		22,573		—		—		1,041		—			41,412
Over time		5,214		269		551		—		1,559		143		—		—		227		—			7,963
Asia Pacific
Point in time		224,851		66,273		101		10,122		1,861		11,583		—		—		13,664		—			328,455
Over time		36,338		2,323		208		1,533		735		73		—		—		2,296		—			43,506
Lease Revenue		3,847		—		—		—		234		—		—		—		188		—			4,269
Total	$	300,766	$	72,562	$	20,142	$	11,934	$	10,943	$	48,834	$	—	$	—	$	22,507	$	(221	)	$	487,467

Contract Balances

The amount of revenue recognized during the three months ended March 31, 2019 and April 1, 2018 that was previously included within the deferred revenue and customer advances balance was $19.5 million and $21.8 million, respectively, and primarily relates to extended warranties, training, application support and post contract support. Each of these represents a distinct performance obligation. Teradyne expects to recognize 72% of the remaining performance obligation in the next 12 months, 22% in 1-3 years, and the remainder thereafter.

Accounts Receivable

Teradyne sells certain trade accounts receivables on a non-recourse basis to third-party financial institutions pursuant to factoring agreements. Teradyne accounts for these transactions as sales of receivables and presents cash proceeds as a cash provided by operating activities in the consolidated statements of cash flows. Total trade accounts receivable sold under the factoring agreements were $41.7 million and $3.5 million for the three months ended March 31, 2019 and April 1, 2018, respectively. Factoring fees for the sales of receivables were recorded in interest expense and were not material.