XML 97 R14.htm IDEA: XBRL DOCUMENT
v3.19.3

Revenue | 9 Months Ended
--- | ---
Sep. 29, 2019
Revenue from Contract with Customer [Abstract] |
Revenue | E. REVENUE For the three and nine months ended September 29, 2019, revenues recognized in accordance with ASC 606: “ Revenue from Contracts with Customers” were $580.6 million and $1,635.5 million, respectively. For the three and nine months ended September 29, 2019, Teradyne also recognized $1.5 million and $4.9 million, respectively, of revenues from leases of Teradyne systems, which are accounted for outside of ASC 606. For the three and nine months ended September 30, 2018, revenues recognized in accordance with ASC 606: “ Revenue from Contracts with Customers” were $564.5 million and $1,571.0 million, respectively. For the three and nine months ended September 30, 2018, Teradyne also recognized $2.3 million and $10.2 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 September 29, 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 |  |  | M iR |  |  | Energid |  |  |  |  |  |  |  |  |  |
|  | (in thousands) |
Americas |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in time |  | $ | 6,307 |  |  | $ | 3,464 |  |  | $ | 22,861 |  |  | $ | 2,232 |  |  | $ | 2,165 |  |  | $ | 16,294 |  |  | $ | 2,820 |  |  | $ | — |  |  | $ | 5,621 |  |  | $ | (160 | ) |  | $ | 61,604 |
Over time |  |  | 8,497 |  |  |  | 621 |  |  |  | 5,814 |  |  |  | — |  |  |  | 796 |  |  |  | 293 |  |  |  | — |  |  |  | 188 |  |  |  | 723 |  |  |  | — |  |  |  | 16,932 |
Europe, Middle East and Africa |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in time |  |  | 6,894 |  |  |  | 274 |  |  |  | 742 |  |  |  | — |  |  |  | 4,354 |  |  |  | 25,557 |  |  |  | 5,011 |  |  |  | — |  |  |  | 1,220 |  |  |  | — |  |  |  | 44,052 |
Over time |  |  | 5,189 |  |  |  | 255 |  |  |  | 469 |  |  |  | — |  |  |  | 1,613 |  |  |  | 459 |  |  |  | — |  |  |  | 615 |  |  |  | 48 |  |  |  | — |  |  |  | 8,648 |
Asia Pacific |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in time |  |  | 259,909 |  |  |  | 63,483 |  |  |  | 99 |  |  |  | 22,696 |  |  |  | 6,751 |  |  |  | 15,575 |  |  |  | 1,800 |  |  |  | — |  |  |  | 33,032 |  |  |  | — |  |  |  | 403,345 |
Over time |  |  | 37,680 |  |  |  | 3,874 |  |  |  | 299 |  |  |  | 1,496 |  |  |  | 830 |  |  |  | 280 |  |  |  | — |  |  |  | — |  |  |  | 1,545 |  |  |  | — |  |  |  | 46,004 |
Lease Revenue |  |  | 1,290 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 88 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 75 |  |  |  | — |  |  |  | 1,453 |
Total |  | $ | 325,766 |  |  | $ | 71,971 |  |  | $ | 30,284 |  |  | $ | 26,424 |  |  | $ | 16,597 |  |  | $ | 58,458 |  |  | $ | 9,631 |  |  | $ | 803 |  |  | $ | 42,264 |  |  | $ | (160 | ) |  | $ | 582,038 |
|  | For the Three Months Ended September 30, 2018 |
|  | Semiconductor Test |  |  | System Test |  |  | Industrial Automation |  |  | Wireless Test |  |  | Corporate and Other |  |  | Consolidated |
|  | SOC |  |  | Memory |  |  | Defense/ Aerospace |  |  | Storage Test |  |  | Production Board Test |  |  | Universal Robots |  |  | M iR |  |  | Energid |  |  |  |  |  |  |  |  |  |
|  | (in thousands) |
Americas |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in time |  | $ | 8,866 |  |  | $ | 4,600 |  |  | $ | 15,423 |  |  | $ | — |  |  | $ | 2,625 |  |  | $ | 17,834 |  |  | $ | 1,810 |  |  | $ | 104 |  |  | $ | 3,820 |  |  | $ | (272 | ) |  | $ | 54,810 |
Over time |  |  | 8,810 |  |  |  | 686 |  |  |  | 6,037 |  |  |  | — |  |  |  | 789 |  |  |  | 190 |  |  |  | — |  |  |  | 167 |  |  |  | 146 |  |  |  | — |  |  |  | 16,825 |
Europe, Middle East and Africa |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in time |  |  | 9,728 |  |  |  | 2,080 |  |  |  | 161 |  |  |  | — |  |  |  | 3,223 |  |  |  | 26,445 |  |  |  | 2,647 |  |  |  | — |  |  |  | 1,504 |  |  |  | — |  |  |  | 45,788 |
Over time |  |  | 5,336 |  |  |  | 301 |  |  |  | 505 |  |  |  | — |  |  |  | 1,510 |  |  |  | 282 |  |  |  | — |  |  |  | 457 |  |  |  | 318 |  |  |  | — |  |  |  | 8,709 |
Asia Pacific |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in time |  |  | 258,898 |  |  |  | 76,429 |  |  |  | 931 |  |  |  | 9,916 |  |  |  | 5,201 |  |  |  | 13,656 |  |  |  | 2,087 |  |  |  | 10 |  |  |  | 26,851 |  |  |  | — |  |  |  | 393,979 |
Over time |  |  | 36,722 |  |  |  | 2,794 |  |  |  | 212 |  |  |  | 2,116 |  |  |  | 885 |  |  |  | 145 |  |  |  | — |  |  |  | 79 |  |  |  | 1,494 |  |  |  | — |  |  |  | 44,447 |
Lease Revenue |  |  | 2,047 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 72 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 171 |  |  |  | — |  |  |  | 2,290 |
Total |  | $ | 330,407 |  |  | $ | 86,890 |  |  | $ | 23,269 |  |  | $ | 12,032 |  |  | $ | 14,305 |  |  | $ | 58,552 |  |  | $ | 6,544 |  |  | $ | 817 |  |  | $ | 34,304 |  |  | $ | (272 | ) |  | $ | 566,848 |
|  | For the Nine Months Ended September 29, 2019 |
|  | Semiconductor Test |  |  | System Test |  |  | Industrial Automation |  |  | Wireless Test |  |  | Corporate and Other |  |  | Consolidated |
|  | SOC |  |  | Memory |  |  | Defense/ Aerospace |  |  | Storage Test |  |  | Production Board Test |  |  | Universal Robots |  |  | M iR |  |  | Energid |  |  |  |  |  |  |  |  |  |
|  | (in thousands) |
Americas |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in time |  | $ | 21,830 |  |  | $ | 19,574 |  |  | $ | 54,870 |  |  | $ | 7,528 |  |  | $ | 6,760 |  |  | $ | 48,529 |  |  | $ | 9,152 |  |  | $ | — |  |  | $ | 12,961 |  |  | $ | (402 | ) |  | $ | 180,802 |
Over time |  |  | 24,862 |  |  |  | 2,056 |  |  |  | 19,116 |  |  |  | — |  |  |  | 2,317 |  |  |  | 793 |  |  |  | — |  |  |  | 1,235 |  |  |  | 1,550 |  |  |  | — |  |  |  | 51,929 |
Europe, Middle East and Africa |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in time |  |  | 27,934 |  |  |  | 2,443 |  |  |  | 992 |  |  |  | — |  |  |  | 12,391 |  |  |  | 78,007 |  |  |  | 13,883 |  |  |  | — |  |  |  | 2,575 |  |  |  | — |  |  |  | 138,225 |
Over time |  |  | 15,681 |  |  |  | 819 |  |  |  | 1,442 |  |  |  | — |  |  |  | 4,782 |  |  |  | 1,274 |  |  |  | — |  |  |  | 1,381 |  |  |  | 140 |  |  |  | — |  |  |  | 25,519 |
Asia Pacific |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in time |  |  | 727,035 |  |  |  | 143,163 |  |  |  | 525 |  |  |  | 66,974 |  |  |  | 17,235 |  |  |  | 48,284 |  |  |  | 6,208 |  |  |  | — |  |  |  | 91,029 |  |  |  | — |  |  |  | 1,100,453 |
Over time |  |  | 113,158 |  |  |  | 10,447 |  |  |  | 1,391 |  |  |  | 5,860 |  |  |  | 2,526 |  |  |  | 786 |  |  |  | — |  |  |  | 221 |  |  |  | 4,146 |  |  |  | — |  |  |  | 138,535 |
Lease Revenue |  |  | 4,487 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 225 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 140 |  |  |  | — |  |  |  | 4,852 |
Total |  | $ | 934,987 |  |  | $ | 178,502 |  |  | $ | 78,336 |  |  | $ | 80,362 |  |  | $ | 46,236 |  |  | $ | 177,673 |  |  | $ | 29,243 |  |  | $ | 2,837 |  |  | $ | 112,541 |  |  | $ | (402 | ) |  | $ | 1,640,315 |
|  | For the Nine Months Ended September 30, 2018 |
|  | Semiconductor Test |  |  | System Test |  |  | Industrial Automation |  |  | Wireless Test |  |  | Corporate and Other |  |  | Consolidated |
|  | SOC |  |  | Memory |  |  | Defense/ Aerospace |  |  | Storage Test |  |  | Production Board Test |  |  | Universal Robots |  |  | M iR |  |  | Energid |  |  |  |  |  |  |  |  |  |
|  | (in thousands) |
Americas |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in time |  | $ | 30,577 |  |  | $ | 10,291 |  |  | $ | 42,276 |  |  | $ | 284 |  |  | $ | 5,814 |  |  | $ | 48,025 |  |  | $ | 3,009 |  |  | $ | 104 |  |  | $ | 13,515 |  |  | $ | (602 | ) |  | $ | 153,293 |
Over time |  |  | 26,536 |  |  |  | 2,092 |  |  |  | 18,462 |  |  |  | — |  |  |  | 2,342 |  |  |  | 431 |  |  |  | — |  |  |  | 578 |  |  |  | 379 |  |  |  | — |  |  |  | 50,820 |
Europe, Middle East and Africa |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in time |  |  | 32,079 |  |  |  | 3,066 |  |  |  | 2,104 |  |  |  | — |  |  |  | 12,109 |  |  |  | 75,631 |  |  |  | 4,647 |  |  |  | — |  |  |  | 2,570 |  |  |  | — |  |  |  | 132,206 |
Over time |  |  | 16,240 |  |  |  | 824 |  |  |  | 1,596 |  |  |  | — |  |  |  | 4,781 |  |  |  | 675 |  |  |  | — |  |  |  | 732 |  |  |  | 802 |  |  |  | — |  |  |  | 25,650 |
Asia Pacific |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in time |  |  | 702,097 |  |  |  | 202,336 |  |  |  | 1,417 |  |  |  | 51,863 |  |  |  | 10,804 |  |  |  | 39,135 |  |  |  | 3,397 |  |  |  | 10 |  |  |  | 68,180 |  |  |  | — |  |  |  | 1,079,239 |
Over time |  |  | 108,011 |  |  |  | 7,401 |  |  |  | 678 |  |  |  | 5,077 |  |  |  | 2,364 |  |  |  | 350 |  |  |  | — |  |  |  | 79 |  |  |  | 5,893 |  |  |  | — |  |  |  | 129,853 |
Lease Revenue |  |  | 9,162 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 337 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 684 |  |  |  | — |  |  |  | 10,183 |
Total |  | $ | 924,702 |  |  | $ | 226,010 |  |  | $ | 66,533 |  |  | $ | 57,224 |  |  | $ | 38,551 |  |  | $ | 164,247 |  |  | $ | 11,053 |  |  | $ | 1,503 |  |  | $ | 92,023 |  |  | $ | (602 | ) |  | $ | 1,581,244 |
Contract Balances During the three and nine months ended September 29, 2019, Teradyne recognized $14.2 million and $47.6 million, respectively, that was previously included within the deferred revenue and customer advances balances. During the three and nine months ended September 30, 2018, Teradyne recognized $24.5 million and $70.9 million, respectively, that was previously included within the deferred revenue and customer advances balances. This revenue primarily relates to undelivered hardware , extended warranties, training, application support, and post contract support. Each of these represents a distinct performance obligation. Teradyne expects to recognize 69% of the remaining performance obligation in the next 12 months, 26% 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 in operating activities in the consolidated statements of cash flows. Total trade accounts receivable sold under the factoring agreements were $113.4 million and $10.6 million for the nine months ended September 29, 2019 and September 30, 2018, respectively. Factoring fees for the sales of receivables are recorded in interest expense and a re not material.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration