XML 24 R13.htm IDEA: XBRL DOCUMENT
v3.21.1

Revenue | 3 Months Ended
--- | ---
Apr. 04, 2021
Revenue from Contract with Customer [Abstract] |
Revenue | D. REVENUE Disaggregation of Revenue The following table provides information about disaggregated revenue by timing of revenue recognition, primary geographical market, and major product lines.
|  | Semiconductor Test |  |  |  |  |  | Industrial Automation |  |  |  |  |  |  |  |  |  |
|  | System on-a-Chip |  |  | Memory |  |  | System Test |  |  | Universal Robots |  |  | Mobile Industrial Robots |  |  | AutoGuide |  |  | Wireless Test |  |  | Corporate and Other |  |  | Total |
|  | (in thousands) |
For the Three Months Ended April 4, 2021 (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Timing of Revenue Recognition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in Time |  | $ | 364,190 |  |  | $ | 101,892 |  |  | $ | 119,314 |  |  | $ | 64,007 |  |  | $ | 14,064 |  |  | $ | (120 | ) |  | $ | 37,880 |  |  | $ | (143 | ) |  | $ | 701,084 |
Over Time |  |  | 56,040 |  |  |  | 5,941 |  |  |  | 13,523 |  |  |  | 1,594 |  |  |  | 67 |  |  |  | 339 |  |  |  | 3,018 |  |  |  | — |  |  |  | 80,522 |
Total |  | $ | 420,230 |  |  | $ | 107,833 |  |  | $ | 132,837 |  |  | $ | 65,601 |  |  | $ | 14,131 |  |  | $ | 219 |  |  | $ | 40,898 |  |  | $ | (143 | ) |  | $ | 781,606 |
Geographical Market |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asia Pacific |  | $ | 387,236 |  |  | $ | 104,049 |  |  | $ | 99,520 |  |  | $ | 17,833 |  |  | $ | 3,447 |  |  | $ | — |  |  | $ | 33,532 |  |  | $ | — |  |  | $ | 645,617 |
Americas |  |  | 20,779 |  |  |  | 3,420 |  |  |  | 27,659 |  |  |  | 18,153 |  |  |  | 5,153 |  |  |  | 219 |  |  |  | 5,769 |  |  |  | (143 | ) |  |  | 81,010 |
Europe, Middle East and Africa |  |  | 12,215 |  |  |  | 364 |  |  |  | 5,658 |  |  |  | 29,615 |  |  |  | 5,531 |  |  |  | — |  |  |  | 1,597 |  |  |  | — |  |  |  | 54,980 |
Total |  | $ | 420,230 |  |  | $ | 107,833 |  |  | $ | 132,837 |  |  | $ | 65,601 |  |  | $ | 14,131 |  |  | $ | 219 |  |  | $ | 40,898 |  |  | $ | (143 | ) |  | $ | 781,606 |
For the Three Months Ended March 29, 2020 (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Timing of Revenue Recognition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in Time |  | $ | 348,044 |  |  | $ | 79,398 |  |  | $ | 100,712 |  |  | $ | 47,502 |  |  | $ | 9,097 |  |  | $ | 1,124 |  |  | $ | 41,056 |  |  | $ | — |  |  | $ | 626,933 |
Over Time |  |  | 52,095 |  |  |  | 4,952 |  |  |  | 15,364 |  |  |  | 2,195 |  |  |  | 41 |  |  |  | 346 |  |  |  | 2,429 |  |  |  | — |  |  |  | 77,422 |
Total |  | $ | 400,139 |  |  | $ | 84,350 |  |  | $ | 116,076 |  |  | $ | 49,697 |  |  | $ | 9,138 |  |  | $ | 1,470 |  |  | $ | 43,485 |  |  | $ | — |  |  | $ | 704,355 |
Geographical Market |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asia Pacific |  | $ | 362,732 |  |  | $ | 76,110 |  |  | $ | 80,017 |  |  | $ | 10,917 |  |  | $ | 1,593 |  |  | $ | — |  |  | $ | 37,805 |  |  | $ | — |  |  | $ | 569,174 |
Americas |  |  | 17,386 |  |  |  | 6,896 |  |  |  | 28,291 |  |  |  | 14,743 |  |  |  | 3,465 |  |  |  | 1,470 |  |  |  | 4,688 |  |  |  | — |  |  |  | 76,939 |
Europe, Middle East and Africa |  |  | 20,021 |  |  |  | 1,344 |  |  |  | 7,768 |  |  |  | 24,037 |  |  |  | 4,080 |  |  |  | — |  |  |  | 992 |  |  |  | — |  |  |  | 58,242 |
Total |  | $ | 400,139 |  |  | $ | 84,350 |  |  | $ | 116,076 |  |  | $ | 49,697 |  |  | $ | 9,138 |  |  | $ | 1,470 |  |  | $ | 43,485 |  |  | $ | — |  |  | $ | 704,355 |
(1) | Includes $3.1 million and $1.8 million in 2021 and 2020, respectively, for leases of Teradyne’s systems recognized outside Accounting Standards Codification (“ASC”) 606 “Revenue from Contracts with Customers.”
Contract Balances For the three months ended April 4, 2021 and March 29, 2020, Teradyne recognized $27.8 million and $39.5 million, respectively, that was previously included within the deferred revenue and customer advances balances at the beginning of the period. This revenue primarily relates to undelivered hardware, extended warranties, training, application support, and post contract support. Each of these represents a distinct performance obligation. As of April 4, 2021, Teradyne has $1,456.0 million of unsatisfied performance obligations. Teradyne expects to recognize 95% of the remaining performance obligations in the next 12 months, 4% 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 as cash provided by operating activities in the consolidated statements of cash flows. Total trade accounts receivable sold under the factoring agreements were $7.3 million and $46.8 million for the three months ended April 4, 2021 and March 29, 2020, respectively. Factoring fees for the sales of receivables were recorded in interest expense and were 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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration