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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 28, 2020
Jun. 30, 2019
Jun. 28, 2020
Jun. 30, 2019
Revenues:        
Total revenues $ 838,661 [1] $ 564,178 [1] $ 1,543,016 [2] $ 1,058,277 [2]
Cost of revenues:        
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) 367,188 240,260 665,993 446,724
Gross profit 471,473 323,918 877,023 611,553
Operating expenses:        
Selling and administrative 113,259 108,811 224,647 210,824
Engineering and development 94,102 81,434 179,261 158,225
Acquired intangible assets amortization 8,941 10,083 18,832 20,717
Restructuring and other 37,222 (10,404) 29,616 (5,292)
Total operating expenses 253,524 189,924 452,356 384,474
Income from operations 217,949 133,994 424,667 227,079
Non-operating (income) expense:        
Interest income (1,368) (4,384) (4,119) (9,373)
Interest expense 6,043 5,800 11,594 11,320
Other (income) expense, net (4,017) 1,401 2,833 (24)
Income before income taxes 217,291 131,177 414,359 225,156
Income tax provision 28,383 33,780 49,261 18,621
Net income $ 188,908 $ 97,397 $ 365,098 $ 206,535
Net income per common share:        
Basic $ 1.14 $ 0.57 $ 2.20 $ 1.20
Diluted $ 1.05 $ 0.55 $ 2.02 $ 1.16
Weighted average common shares—basic 165,789 171,241 166,189 172,387
Weighted average common shares—diluted 180,257 178,590 180,497 177,781
Cash dividend declared per common share $ 0.10 $ 0.09 $ 0.20 $ 0.18
Product [Member]        
Revenues:        
Total revenues $ 734,630 $ 457,511 $ 1,345,536 $ 850,953
Cost of revenues:        
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) 322,732 193,299 582,728 358,667
Service [Member]        
Revenues:        
Total revenues 104,031 106,667 197,480 207,324
Cost of revenues:        
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) $ 44,456 $ 46,961 $ 83,265 $ 88,057
[1] Includes $2.5 million and $1.7 million in 2020 and 2019, respectively, for leases of Teradyne’s systems recognized outside Accounting Standards Codification (“ASC”) 606 “Revenue from Contracts with Customers.”
[2] Includes $4.3 million and $3.4 million in 2020 and 2019, respectively, for leases of Teradyne’s systems recognized outside ASC 606 “Revenue from Contracts with Customers.”