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Revenue | 6 Months Ended
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Jun. 30, 2019
Revenue from Contract with Customer [Abstract] |
Revenue | E. REVENUE For the three and six months ended June 30, 2019, revenues recognized in accordance with ASC 606: “ Revenue from Contracts with Customers” were $562.5 million and $1,054.9 million, respectively. For the three and six months ended June 30, 2019, Teradyne also recognized $1.7 million and $3.4 million, respectively, of revenues from leases of Teradyne systems, which are accounted for outside of ASC 606. For the three and six months ended July 1, 2018, revenues recognized in accordance with ASC 606: “ Revenue from Contracts with Customers” were $523.3 million and $1,006.5 million, respectively. For the three and six months ended July 1, 2018, Teradyne also recognized $ 3.6 million and $7.9 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 June 30, 2019 |
|  | Semiconductor Test |  |  | System Test |  |  | Industrial Automation |  |  | Wireless Test |  |  | Corporate and Other |  |  | Consolidated |  |
|  | System on a chip (“SOC”) |  |  | Memory |  |  | Defense/ Aerospace |  |  | Storage Test |  |  | Production Board Test |  |  | Universal Robots |  |  | Mobile Industrial Robots |  |  | Energid |  |  |  |  |  |  |  |  |  |
|  | (in thousands) |
Americas |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in time |  | $ | 7,426 |  |  | $ | 8,059 |  |  | $ | 17,225 |  |  | $ | 3,703 |  |  | $ | 1,341 |  |  | $ | 16,938 |  |  | $ | 2,783 |  |  | $ | — |  |  | $ | 5,250 |  |  | $ | (89 | ) |  | $ | 62,636 |
Over time |  |  | 8,175 |  |  |  | 724 |  |  |  | 6,850 |  |  |  | — |  |  |  | 792 |  |  |  | 255 |  |  |  | — |  |  |  | 787 |  |  |  | 676 |  |  |  | — |  |  |  | 18,259 |
Europe, Middle East and Africa |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in time |  |  | 9,819 |  |  |  | 2,016 |  |  |  | 211 |  |  |  | — |  |  |  | 2,974 |  |  |  | 26,545 |  |  |  | 5,041 |  |  |  | — |  |  |  | 620 |  |  |  | — |  |  |  | 47,226 |
Over time |  |  | 5,212 |  |  |  | 284 |  |  |  | 505 |  |  |  | — |  |  |  | 1,615 |  |  |  | 399 |  |  |  | — |  |  |  | 477 |  |  |  | 48 |  |  |  | — |  |  |  | 8,540 |
Asia Pacific |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in time |  |  | 247,885 |  |  |  | 43,909 |  |  |  | 163 |  |  |  | 27,672 |  |  |  | 6,848 |  |  |  | 18,532 |  |  |  | 2,681 |  |  |  | — |  |  |  | 33,366 |  |  |  | — |  |  |  | 381,056 |
Over time |  |  | 36,566 |  |  |  | 3,293 |  |  |  | 329 |  |  |  | 2,310 |  |  |  | 775 |  |  |  | 279 |  |  |  | — |  |  |  | 9 |  |  |  | 1,242 |  |  |  | — |  |  |  | 44,803 |
Lease Revenue |  |  | 1,530 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 94 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 34 |  |  |  | — |  |  |  | 1,658 |
Total |  | $ | 316,613 |  |  | $ | 58,285 |  |  | $ | 25,283 |  |  | $ | 33,685 |  |  | $ | 14,439 |  |  | $ | 62,948 |  |  | $ | 10,505 |  |  | $ | 1,273 |  |  | $ | 41,236 |  |  | $ | (89 | ) |  | $ | 564,178 |
|  | For the Three Months Ended July 1, 2018 |
|  | Semiconductor Test |  |  | System Test |  |  | Industrial Automation |  |  | Wireless Test |  |  | Corporate and Other |  |  | Consolidated |  |
|  | SOC |  |  | Memory |  |  | Defense/ Aerospace |  |  | Storage Test |  |  | Production Board Test |  |  | Universal Robots |  |  | Mobile Industrial Robots |  |  | Energid |  |  |  |  |  |  |  |  |  |
|  | (in thousands) |
Americas |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in time |  | $ | 12,111 |  |  | $ | 2,827 |  |  | $ | 15,256 |  |  | $ | 5 |  |  | $ | 1,429 |  |  | $ | 16,053 |  |  | $ | 1,199 |  |  | $ | — |  |  | $ | 4,716 |  |  | $ | (110 | ) |  | $ | 53,486 |
Over time |  |  | 8,934 |  |  |  | 710 |  |  |  | 6,237 |  |  |  | — |  |  |  | 795 |  |  |  | 327 |  |  |  | — |  |  |  | — |  |  |  | 122 |  |  |  | — |  |  |  | 17,125 |
Europe, Middle East and Africa |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in time |  |  | 10,227 |  |  |  | 847 |  |  |  | 447 |  |  |  | — |  |  |  | 4,849 |  |  |  | 26,616 |  |  |  | 2,000 |  |  |  | — |  |  |  | 26 |  |  |  | — |  |  |  | 45,012 |
Over time |  |  | 5,689 |  |  |  | 254 |  |  |  | 539 |  |  |  | — |  |  |  | 1,713 |  |  |  | 526 |  |  |  | — |  |  |  | — |  |  |  | 257 |  |  |  | — |  |  |  | 8,978 |
Asia Pacific |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in time |  |  | 218,352 |  |  |  | 59,633 |  |  |  | 385 |  |  |  | 31,824 |  |  |  | 3,741 |  |  |  | 13,895 |  |  |  | 1,310 |  |  |  | — |  |  |  | 27,663 |  |  |  | — |  |  |  | 356,803 |
Over time |  |  | 34,951 |  |  |  | 2,285 |  |  |  | 258 |  |  |  | 1,428 |  |  |  | 744 |  |  |  | 131 |  |  |  | — |  |  |  | — |  |  |  | 2,103 |  |  |  | — |  |  |  | 41,900 |
Lease Revenue |  |  | 3,268 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 32 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 325 |  |  |  | — |  |  |  | 3,625 |
Total |  | $ | 293,532 |  |  | $ | 66,556 |  |  | $ | 23,122 |  |  | $ | 33,257 |  |  | $ | 13,303 |  |  | $ | 57,548 |  |  | $ | 4,509 |  |  | $ | — |  |  | $ | 35,212 |  |  | $ | (110 | ) |  | $ | 526,929 |
|  | For the Six Months Ended June 30, 2019 |
|  | Semiconductor Test |  |  | System Test |  |  | Industrial Automation |  |  | Wireless Test |  |  | Corporate and Other |  |  | Consolidated |  |
|  | SOC |  |  | Memory |  |  | Defense/ Aerospace |  |  | Storage Test |  |  | Production Board Test |  |  | Universal Robots |  |  | Mobile Industrial Robots |  |  | Energid |  |  |  |  |  |  |  |  |  |
|  | (in thousands) |
Americas |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in time |  | $ | 15,403 |  |  | $ | 16,110 |  |  | $ | 32,007 |  |  | $ | 5,295 |  |  | $ | 4,595 |  |  | $ | 32,235 |  |  | $ | 6,322 |  |  | $ | — |  |  | $ | 7,340 |  |  | $ | (240 | ) |  | $ | 119,067 |
Over time |  |  | 16,365 |  |  |  | 1,436 |  |  |  | 13,300 |  |  |  | — |  |  |  | 1,521 |  |  |  | 501 |  |  |  | — |  |  |  | 1,047 |  |  |  | 827 |  |  |  | — |  |  |  | 34,997 |
Europe, Middle East and Africa |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in time |  |  | 20,851 |  |  |  | 2,168 |  |  |  | 250 |  |  |  | — |  |  |  | 8,038 |  |  |  | 52,448 |  |  |  | 8,883 |  |  |  | — |  |  |  | 1,356 |  |  |  | — |  |  |  | 93,994 |
Over time |  |  | 10,493 |  |  |  | 563 |  |  |  | 974 |  |  |  | — |  |  |  | 3,169 |  |  |  | 815 |  |  |  | — |  |  |  | 766 |  |  |  | 93 |  |  |  | — |  |  |  | 16,873 |
Asia Pacific |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in time |  |  | 467,698 |  |  |  | 79,415 |  |  |  | 426 |  |  |  | 44,279 |  |  |  | 10,483 |  |  |  | 32,709 |  |  |  | 4,408 |  |  |  | — |  |  |  | 57,995 |  |  |  | — |  |  |  | 697,413 |
Over time |  |  | 75,479 |  |  |  | 6,573 |  |  |  | 1,093 |  |  |  | 4,364 |  |  |  | 1,696 |  |  |  | 507 |  |  |  | — |  |  |  | 221 |  |  |  | 2,601 |  |  |  | — |  |  |  | 92,534 |
Lease Revenue |  |  | 3,197 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 137 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 65 |  |  |  | — |  |  |  | 3,399 |
Total |  | $ | 609,486 |  |  | $ | 106,265 |  |  | $ | 48,050 |  |  | $ | 53,938 |  |  | $ | 29,639 |  |  | $ | 121,249 |  |  | $ | 19,613 |  |  | $ | 2,034 |  |  | $ | 70,277 |  |  | $ | (240 | ) |  | $ | 1,058,277 |
|  | For the Six Months Ended July 1, 2018 |
|  | Semiconductor Test |  |  | System Test |  |  | Industrial Automation |  |  | Wireless Test |  |  | Corporate and Other |  |  | Consolidated |  |
|  | SOC |  |  | Memory |  |  | Defense/ Aerospace |  |  | Storage Test |  |  | Production Board Test |  |  | Universal Robots |  |  | Mobile Industrial Robots |  |  | Energid |  |  |  |  |  |  |  |  |  |
|  | (in thousands) |
Americas |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in time |  | $ | 21,711 |  |  | $ | 5,691 |  |  | $ | 26,853 |  |  | $ | 284 |  |  | $ | 3,189 |  |  | $ | 30,190 |  |  | $ | 1,199 |  |  | $ | — |  |  | $ | 9,695 |  |  | $ | (332 | ) |  | $ | 98,480 |
Over time |  |  | 17,517 |  |  |  | 1,406 |  |  |  | 12,425 |  |  |  | — |  |  |  | 1,552 |  |  |  | 652 |  |  |  | — |  |  |  | — |  |  |  | 233 |  |  |  | — |  |  |  | 33,785 |
Europe, Middle East and Africa |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in time |  |  | 22,352 |  |  |  | 986 |  |  |  | 1,943 |  |  |  | — |  |  |  | 8,886 |  |  |  | 49,190 |  |  |  | 2,000 |  |  |  | — |  |  |  | 1,066 |  |  |  | — |  |  |  | 86,423 |
Over time |  |  | 10,888 |  |  |  | 523 |  |  |  | 1,090 |  |  |  | — |  |  |  | 3,272 |  |  |  | 668 |  |  |  | — |  |  |  | — |  |  |  | 484 |  |  |  | — |  |  |  | 16,925 |
Asia Pacific |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in time |  |  | 446,543 |  |  |  | 125,904 |  |  |  | 487 |  |  |  | 41,946 |  |  |  | 5,603 |  |  |  | 25,478 |  |  |  | 1,310 |  |  |  | — |  |  |  | 41,329 |  |  |  | — |  |  |  | 688,600 |
Over time |  |  | 68,173 |  |  |  | 4,607 |  |  |  | 466 |  |  |  | 2,961 |  |  |  | 1,479 |  |  |  | 204 |  |  |  | — |  |  |  | — |  |  |  | 4,399 |  |  |  | — |  |  |  | 82,289 |
Lease Revenue |  |  | 7,115 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 266 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 513 |  |  |  | — |  |  |  | 7,894 |
Total |  | $ | 594,299 |  |  | $ | 139,117 |  |  | $ | 43,264 |  |  | $ | 45,191 |  |  | $ | 24,247 |  |  | $ | 106,382 |  |  | $ | 4,509 |  |  | $ | — |  |  | $ | 57,719 |  |  | $ | (332 | ) |  | $ | 1,014,396 |
Contract Balances During the three and six months ended June 30, 2019, Teradyne recognized $13.3 million and $33.4 million, respectively, that was previously included within the deferred revenue and customer advances balances. During the three and six months ended July 1, 2018, Teradyne recognized $ 24.7 million and $ 46.5 million, respectively, that was previously included within the deferred revenue and customer advances balances. This revenue 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 $82.1 million and $8.9 million for the six months ended June 30, 2019 and July 1, 2018, respectively. Factoring fees for the sales of receivables were recorded in interest expense and were not material.

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- References No definition available. + Details
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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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