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v3.19.2

Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2019
Segment Information | Segment information for the three and six months ended June 30, 2019 and July 1, 2018 is as follows:
|  | Semiconductor Test |  |  | Industrial Automation |  |  | System Test |  |  | Wireless Test |  |  | Corporate and Other |  |  | Consolidated |
|  | (in thousands) |
Three Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 374,898 |  |  | $ | 74,726 |  |  | $ | 73,407 |  |  | $ | 41,236 |  |  | $ | (89 | ) |  | $ | 564,178 |
Income (loss) before income taxes (1)(2) |  |  | 91,355 |  |  |  | (3,730 | ) |  |  | 23,535 |  |  |  | 10,930 |  |  |  | 9,087 |  |  |  | 131,177 |
Total assets (3) |  |  | 745,073 |  |  |  | 601,676 |  |  |  | 123,460 |  |  |  | 93,232 |  |  |  | 1,108,073 |  |  |  | 2,671,514 |
Three Months Ended July 1, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 360,088 |  |  | $ | 62,057 |  |  | $ | 69,682 |  |  | $ | 35,212 |  |  | $ | (110 | ) |  | $ | 526,929 |
Income (loss) before income taxes (1)(2) |  |  | 91,159 |  |  |  | (2,922 | ) |  |  | 20,352 |  |  |  | 10,308 |  |  |  | 1,115 |  |  |  | 120,012 |
Total assets (3) |  |  | 765,484 |  |  |  | 597,293 |  |  |  | 107,199 |  |  |  | 77,638 |  |  |  | 1,384,106 |  |  |  | 2,931,720 |
Six Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 715,751 |  |  | $ | 140,862 |  |  | $ | 131,627 |  |  | $ | 70,277 |  |  | $ | (240 | ) |  | $ | 1,058,277 |
Income (loss) before income taxes (1)(2) |  |  | 174,404 |  |  |  | (9,025 | ) |  |  | 38,875 |  |  |  | 14,558 |  |  |  | 6,344 |  |  |  | 225,156 |
Total assets (3) |  |  | 745,073 |  |  |  | 601,676 |  |  |  | 123,460 |  |  |  | 93,232 |  |  |  | 1,108,073 |  |  |  | 2,671,514 |
Six Months Ended July 1, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 733,416 |  |  | $ | 110,891 |  |  | $ | 112,702 |  |  | $ | 57,719 |  |  | $ | (332 | ) |  | $ | 1,014,396 |
Income (loss) before income taxes (1)(2) |  |  | 179,238 |  |  |  | (2,138 | ) |  |  | 26,240 |  |  |  | 10,772 |  |  |  | 1,719 |  |  |  | 215,831 |
Total assets (3) |  |  | 765,484 |  |  |  | 597,293 |  |  |  | 107,199 |  |  |  | 77,638 |  |  |  | 1,384,106 |  |  |  | 2,931,720 |
(1) | Included in Corporate and Other are: contingent consideration adjustments, severance charges, interest income, interest expense, net foreign exchange gains (losses), intercompany eliminations, acquisition related charges, and pension and postretirement plans actuarial losses.
(2) | Included in the income (loss) before income taxes for each of the segments are charges and credits related to restructuring and other and inventory charges.
(3) | Total business assets are directly attributable to each business. Corporate assets consist of cash and cash equivalents, marketable securities and certain other assets.
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 |
|  | June 30, 2019 |  |  | July 1, 2018 |  |  | June 30, 2019 |  |  | July 1, 2018 |
|  | (in thousands) |
Cost of revenues—inventory charge |  | $ | 2,278 |  |  | $ | 1,613 |  |  | $ | 3,452 |  |  | $ | 3,779 |
Restructuring and other—employee severance |  |  | 357 |  |  |  | 2,179 |  |  |  | 924 |  |  |  | 5,940 |
Industrial Automation |
Schedule of Segment Reporting Information by Segment Charges | Included in the Industrial Automation segment are charges in the following line items in the statements of operations:
|  | For the Three Months Ended |  |  | For the Six Months Ended |
|  | June 30, 2019 |  |  | July 1, 2018 |  |  | June 30, 2019 |  |  | July 1, 2018 |
|  | (in thousands) |
Restructuring and other—acquisition related expenses and compensation |  | $ | 434 |  |  | $ | — |  |  | $ | 1,695 |  |  | $ | — |
Restructuring and other—employee severance |  |  | 202 |  |  |  | 218 |  |  |  | 297 |  |  |  | 338 |
Cost of revenues—inventory charge |  |  | — |  |  |  | — |  |  |  | 416 |  |  |  | — |
System Test |
Schedule of Segment Reporting Information by Segment Charges | Included in the System Test segment are charges in the following line item in the statements of operations:
|  | For the Three Months Ended |  |  | For the Six Months Ended |
|  | June 30, 2019 |  |  | July 1, 2018 |  |  | June 30, 2019 |  |  | July 1, 2018 |
|  | (in thousands) |
Cost of revenues—inventory charge |  | $ | 295 |  |  | $ | 256 |  |  | $ | 763 |  |  | $ | 576 |
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 |
|  | June 30, 2019 |  |  | July 1, 2018 |  |  | June 30, 2019 |  |  | July 1, 2018 |
|  | (in thousands) |
Cost of revenues—inventory charge |  | $ | 829 |  |  | $ | 627 |  |  | $ | 1,168 |  |  | $ | 1,463 |
Corporate and Other [Member] |
Schedule of Segment Reporting Information by Segment Charges | Included in Corporate and Other are charges and credits in the following line items in the statements of operations:
|  | For the Three Months Ended |  |  | For the Six Months Ended |
|  | June 30, 2019 |  |  | July 1, 2018 |  |  | June 30, 2019 |  |  | July 1, 2018 |
|  | (in thousands) |
Restructuring and other—MiR contingent consideration adjustment |  | $ | (11,671 | ) |  | $ | — |  |  | $ | (8,668 | ) |  | $ | — |
Restructuring and other—Universal Robots contingent consideration adjustment |  |  | — |  |  |  | (3,500 | ) |  |  | — |  |  |  | (8,468 | )
Restructuring and other—acquisition related expenses and compensation |  |  | — |  |  |  | 2,544 |  |  |  | — |  |  |  | 3,318 |

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