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Retirement Plans (Tables)

6 Months Ended

Jul. 04, 2021

Defined Benefit Pension Plans

Net Periodic Pension and Postretirement Benefit Costs

For the three and six months ended July 4, 2021 and June 28, 2020, Teradyne’s net periodic pension cost was comprised of the following:

		For the Three Months Ended
		July 4, 2021								June 28, 2020
		United States				Foreign				United States				Foreign
		(in thousands)
Service cost		$	452			$	245			$	433			$	208
Interest cost			1,096				88				1,523				119
Expected return on plan assets			(936	)			(17	)			(1,232	)			(15	)
Net actuarial (gain) loss			(400	)			—				180				—
Total net periodic pension cost		$	212			$	316			$	904			$	312
		For the Six Months Ended
		July 4, 2021								June 28, 2020
		UnitedStates				Foreign				UnitedStates				Foreign
		(in thousands)
Service cost		$	905			$	491			$	866			$	417
Interest cost			2,196				175				3,045				238
Expected return on plan assets			(1,872	)			(33	)			(2,464	)			(31	)
Net actuarial (gain) loss			(400	)			—				180				—
Total net periodic pension cost		$	829			$	633			$	1,627			$	624

Postretirement Benefit Plans

Net Periodic Pension and Postretirement Benefit Costs

For the three and six months ended July 4, 2021 and June 28, 2020, Teradyne’s net periodic postretirement benefit credit was comprised of the following:

		For the Three Months Ended								For the Six Months Ended
		July 4, 2021				June 28, 2020				July 4, 2021				June 28, 2020
		(in thousands)
Service cost		$	17			$	17			$	33			$	28
Interest cost			41				58				85				120
Amortization of prior service credit			(2	)			(2	)			(4	)			(4	)
Net actuarial gain			(228	)			(279	)			(228	)			(279	)
Total net periodic postretirement benefit credit		$	(172	)		$	(206	)		$	(114	)		$	(135	)

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- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

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