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v3.20.4

Operating Segment, Geographic and Significant Customer Information (Tables) | 12 Months Ended
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Dec. 31, 2020
Segment Information | Segment information for the years ended December 31, 2020, 2019, and 2018 is as follows:
|  | Semiconductor Test |  |  | System Test |  |  | Industrial Automation |  |  | Wireless Test |  |  | Corporate and Other |  |  | Consolidated |
|  | (in thousands) |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 2,259,597 |  |  | $ | 409,729 |  |  | $ | 279,731 |  |  | $ | 173,016 |  |  | $ | (604 | ) |  | $ | 3,121,469 |
Income (loss) before taxes (1)(2) |  |  | 739,695 |  |  |  | 152,092 |  |  |  | (24,019 | ) |  |  | 41,950 |  |  |  | (8,703 | ) |  |  | 901,015 |
Total assets (3) |  |  | 1,070,378 |  |  |  | 138,295 |  |  |  | 712,936 |  |  |  | 106,273 |  |  |  | 1,624,464 |  |  |  | 3,652,346 |
Property additions |  |  | 168,055 |  |  |  | 3,092 |  |  |  | 8,899 |  |  |  | 4,931 |  |  |  | — |  |  |  | 184,977 |
Depreciation and amortization expense |  |  | 64,998 |  |  |  | 3,426 |  |  |  | 36,242 |  |  |  | 6,258 |  |  |  | 15,819 |  |  |  | 126,743 |
2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 1,552,571 |  |  | $ | 287,455 |  |  | $ | 298,139 |  |  | $ | 157,315 |  |  | $ | (515 | ) |  | $ | 2,294,965 |
Income (loss) before taxes (1)(2) |  |  | 416,973 |  |  |  | 93,543 |  |  |  | (5,916 | ) |  |  | 35,585 |  |  |  | (14,413 | ) |  |  | 525,772 |
Total assets (3) |  |  | 784,808 |  |  |  | 131,428 |  |  |  | 671,559 |  |  |  | 97,299 |  |  |  | 1,101,920 |  |  |  | 2,787,014 |
Property additions |  |  | 112,145 |  |  |  | 3,059 |  |  |  | 9,076 |  |  |  | 10,362 |  |  |  | — |  |  |  | 134,642 |
Depreciation and amortization expense |  |  | 59,197 |  |  |  | 5,518 |  |  |  | 40,904 |  |  |  | 5,365 |  |  |  | 9,671 |  |  |  | 120,655 |
2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 1,492,417 |  |  | $ | 216,132 |  |  | $ | 261,452 |  |  | $ | 132,006 |  |  | $ | (1,205 | ) |  | $ | 2,100,802 |
Income (loss) before taxes (1)(2) |  |  | 397,645 |  |  |  | 48,857 |  |  |  | 7,670 |  |  |  | 29,052 |  |  |  | (15,423 | ) |  |  | 467,801 |
Total assets (3) |  |  | 669,452 |  |  |  | 88,098 |  |  |  | 607,502 |  |  |  | 77,570 |  |  |  | 1,263,984 |  |  |  | 2,706,606 |
Property additions |  |  | 94,496 |  |  |  | 3,469 |  |  |  | 11,188 |  |  |  | 5,226 |  |  |  | — |  |  |  | 114,379 |
Depreciation and amortization expense |  |  | 58,095 |  |  |  | 6,430 |  |  |  | 36,755 |  |  |  | 5,328 |  |  |  | 6,616 |  |  |  | 113,224 |
(1) | Included in Corporate and Other are: contingent consideration adjustments, investment impairment, pension and postretirement plans actuarial gains (losses), severance charges, interest income, interest expense, net foreign exchange gains (losses), intercompany eliminations and acquisition related charges.
(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 Year Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | (in thousands) |
Semiconductor Test: |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues—inventory charge |  | $ | 11,013 |  |  | $ | 8,731 |  |  | $ | 6,822 |
Contract termination settlement fee |  |  | 4,000 |  |  |  | — |  |  |  | — |
Restructuring and other—employee severance |  |  | — |  |  |  | 1,277 |  |  |  | 8,429 |
System Test: |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues—inventory charge |  | $ | 887 |  |  | $ | 2,000 |  |  | $ | 1,175 |
Industrial Automation: |  |  |  |  |  |  |  |  |  |  |  |
Restructuring and other—acquisition related expenses and compensation |  | $ | 985 |  |  | $ | 741 |  |  | $ | 1,163 |
Cost of revenues—inventory charge |  |  | 834 |  |  |  | 508 |  |  |  | 680 |
Restructuring and other—employee severance |  |  | 1,584 |  |  |  | 796 |  |  |  | — |
Wireless: |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues—inventory charge |  | $ | 4,800 |  |  | $ | 4,005 |  |  | $ | 2,565 |
Corporate and Other: |  |  |  |  |  |  |  |  |  |  |  |
Restructuring and other—AutoGuide contingent consideration adjustment |  | $ | (19,724 | ) |  | $ | 2,976 |  |  | $ | — |
Restructuring and other—MiR contingent consideration adjustment |  |  | (3,546 | ) |  |  | (22,199 | ) |  |  | 17,666 |
Restructuring and other—acquisition related expenses and compensation |  |  | 1,728 |  |  |  | 1,765 |  |  |  | 3,422 |
Other (income) expense, net—investment impairment charge |  |  | — |  |  |  | 15,000 |  |  |  | — |
Selling and administrative—equity modification charge |  |  | 766 |  |  |  | 2,108 |  |  |  | — |
Restructuring and other—Universal Robots contingent consideration adjustment |  |  | — |  |  |  | — |  |  |  | (16,679 | )
Revenues by Country | Information as to Teradyne’s revenues by country is as follows:
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | (in thousands) |
Revenues from customers (1): |  |  |  |  |  |  |  |  |  |  |  |
Taiwan |  | $ | 1,178,068 |  |  | $ | 485,681 |  |  | $ | 516,322 |
China |  |  | 465,722 |  |  |  | 514,327 |  |  |  | 348,942 |
Korea |  |  | 391,571 |  |  |  | 239,504 |  |  |  | 163,224 |
United States |  |  | 321,674 |  |  |  | 333,059 |  |  |  | 282,869 |
Europe |  |  | 205,587 |  |  |  | 219,015 |  |  |  | 223,207 |
Japan |  |  | 143,983 |  |  |  | 175,322 |  |  |  | 158,281 |
Thailand |  |  | 138,787 |  |  |  | 87,503 |  |  |  | 59,184 |
Singapore |  |  | 76,460 |  |  |  | 84,111 |  |  |  | 108,618 |
Philippines |  |  | 68,887 |  |  |  | 54,560 |  |  |  | 77,996 |
Malaysia |  |  | 56,096 |  |  |  | 58,200 |  |  |  | 122,797 |
Rest of the World |  |  | 74,634 |  |  |  | 43,683 |  |  |  | 39,362 |
|  | $ | 3,121,469 |  |  | $ | 2,294,965 |  |  | $ | 2,100,802 |
(1) | Revenues attributable to a country are based on location of customer site.
Long-Lived Assets by Geographic Area | Long-lived assets by geographic area:
|  | United States |  |  | Foreign(1) |  |  | Total |
|  | (in thousands) |
December 31, 2020 |  | $ | 291,234 |  |  | $ | 158,135 |  |  | $ | 449,369 |
December 31, 2019 |  | $ | 252,812 |  |  | $ | 124,943 |  |  | $ | 377,755 |
(1) | As of December 31, 2020 and 2019, long-lived assets attributable to Singapore were $62.5 million and $35.2 million, respectively.

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