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Segment Information (Tables)
6 Months Ended
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