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v3.20.2

Segment Information (Tables) | 9 Months Ended
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Sep. 27, 2020
Segment Information | Segment information for the three and nine months ended September 27, 2020 an d September 29, 2019 is as follows:
|  | Semiconductor Test |  |  | System Test |  |  | Industrial Automation |  |  | Wireless Test |  |  | Corporate and Other |  |  | Consolidated |
|  | (in thousands) |
Three Months Ended September 27, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 592,141 |  |  | $ | 118,169 |  |  | $ | 68,711 |  |  | $ | 40,504 |  |  | $ | (41 | ) |  | $ | 819,484 |
Income (loss) before income taxes (1)(2) |  |  | 189,116 |  |  |  | 47,368 |  |  |  | (5,302 | ) |  |  | 10,938 |  |  |  | 21,611 |  |  |  | 263,731 |
Total assets (3) |  |  | 1,069,830 |  |  |  | 155,642 |  |  |  | 667,132 |  |  |  | 108,671 |  |  |  | 1,435,237 |  |  |  | 3,436,512 |
Three Months Ended September 29, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 397,737 |  |  | $ | 73,305 |  |  | $ | 68,892 |  |  | $ | 42,264 |  |  | $ | (160 | ) |  | $ | 582,038 |
Income (loss) before income taxe s (1) (2) |  |  | 116,633 |  |  |  | 24,381 |  |  |  | (1,645 | ) |  |  | 11,182 |  |  |  | 1,182 |  |  |  | 151,733 |
Total assets (3) |  |  | 757,422 |  |  |  | 126,452 |  |  |  | 580,635 |  |  |  | 94,789 |  |  |  | 1,139,493 |  |  |  | 2,698,791 |
Nine Months Ended September 27, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 1,735,777 |  |  | $ | 306,051 |  |  | $ | 187,792 |  |  | $ | 133,174 |  |  | $ | (294 | ) |  | $ | 2,362,500 |
Income (loss) before income taxes (1)(2) |  |  | 571,719 |  |  |  | 114,968 |  |  |  | (32,041 | ) |  |  | 35,640 |  |  |  | (12,197 | ) |  |  | 678,089 |
Total assets (3) |  |  | 1,069,830 |  |  |  | 155,642 |  |  |  | 667,132 |  |  |  | 108,671 |  |  |  | 1,435,237 |  |  |  | 3,436,512 |
Nine Months Ended September 29, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 1,113,489 |  |  | $ | 204,934 |  |  | $ | 209,753 |  |  | $ | 112,541 |  |  | $ | (402 | ) |  | $ | 1,640,315 |
Income (loss) before income taxes (1)(2) |  |  | 291,037 |  |  |  | 63,254 |  |  |  | (10,670 | ) |  |  | 25,740 |  |  |  | 7,528 |  |  |  | 376,889 |
Total assets (3) |  |  | 757,422 |  |  |  | 126,452 |  |  |  | 580,635 |  |  |  | 94,789 |  |  |  | 1,139,493 |  |  |  | 2,698,791 |
(1) | Included in Corporate and Other are: contingent consideration adjustments, employee severance charges, interest (income) and expense , net foreign exchange (gains) and losses, pension and postretirement plan actuarial (gains) and losses and settlement charges, intercompany eliminations, and certain acquisition related charges and compensation.
(2) | Included in income (loss) before taxes are charges and credits related to restructuring and other, and inventory charges.
(3) | Total assets are attributable to each segment. Corporate assets consist of cash and cash equivalents, marketable securities and certain other assets.
Schedule of Segment Reporting Information by Segment Charges | Included in each segment are charges and credits in the following line items in the statements of operations:
|  |  | For the Three Months Ended |  |  | For the Nine Months Ended |
|  |  | September 27, |  |  | September 29, |  |  | September 27, |  |  | September 29, |
|  |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
|  |  | (in thousands) |
Semiconductor Test: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues - inventory charge |  |  | $ | 1,131 |  |  | $ | 1,867 |  |  | $ | 7,956 |  |  | $ | 5,319 |
Restructuring and other - contract termination settlement fee |  |  |  | — |  |  |  | — |  |  |  | 4,000 |  |  |  | — |
Restructuring and other - employee severance |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,009 |
Wireless: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues - inventory charge |  |  | $ | 1,802 |  |  | $ | 724 |  |  | $ | 3,957 |  |  | $ | 1,892 |
Restructuring and other - employee severance |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 566 |
Industrial Automation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues - inventory charge |  |  | $ | — |  |  | $ | — |  |  | $ | 505 |  |  | $ | 508 |
Restructuring and other - acquisition related compensation and expenses |  |  |  | — |  |  |  | — |  |  |  | 790 |  |  |  | 1,330
Restructuring and other - employee severance |  |  |  | — |  |  |  | — |  |  |  | 664 |  |  |  | 604 |
System Test: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues - inventory charge |  |  | $ | — |  |  | $ | — |  |  | $ | 698 |  |  | $ | 1,129 |
Corporate and Other: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Restructuring and other - AutoGuide contingent consideration adjustment |  |  | $ | (27,206 | ) |  | $ | — |  |  | $ | (4,421 | ) |  | $ | — |
Restructuring and other - acquisition related compensation and expenses |  |  |  | (1,086 | ) |  |  | 816 |  |  |  | 2,629 |  |  |  | 928 |
Restructuring and other - MiR contingent consideration adjustment |  |  |  | — |  |  |  | (7,759 | ) |  |  | (3,546 | ) |  |  | (16,427 | )
Selling and administrative - equity modification charge |  |  |  | — |  |  |  | 2,108 |  |  |  | — |  |  |  | 2,108 |

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