XML 33 R18.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Leases | 12 Months Ended
--- | ---
Dec. 31, 2021
Leases | I. LEASES Teradyne has facility and auto leases, which are accounted for as operating leases. Teradyne’s facility leases are primarily used for administrative functions, research and development, manufacturing, and storage and distribution. Remaining lease terms range from less than one year to twelve years. Total lease expense for the year ended December 31, 2021 was $39.2 million and included $12.6 million of variable lease costs and $1.8 million of costs related to short-term leases, which are not recorded on the consolidated balance sheets. Total lease expense for the year ended December 31, 2020 was $38.5 million and included $12.1 million of variable lease costs and $3.4 million of costs related to short-term leases, which are not recorded on the consolidated balance sheets. Total lease expense for the year ended December 31, 2019 was $35.6 million and included $11.1 million of variable lease costs and $2.6 million of costs related to short-term leases, which are not recorded on the consolidated balance sheets. At December 31, 2021, the weighted average remaining lease term and weighted average discount rate for operating leases was 5.3 years and 4.1%, respectively. At December 31, 2020, the weighted average remaining lease term and weighted average discount rate for operating leases was 4.2 years and 4.8%, respectively. Supplemental cash flows information related to leases was as follows:
|  | For the Years Ended |
|  | December 31, 2021 |  |  | December 31, 2020 |  |  | December 31, 2019 |
|  |  |  |  | (in thousands) |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities included in operating cash flows |  | $ | 24,593 |  |  | $ | 24,136 |  |  | $ | 19,400 |
Right-of-use assets obtained in exchange for new lease obligations |  |  | 34,246 |  |  |  | 14,801 |  |  |  | 26,739 |
Maturities of lease liabilities as of December 31, 2021 were as follows:
|  | Operating Lease |
|  | (in thousands) |
2022 |  | $ | 22,525 |
2023 |  |  | 16,187 |
2024 |  |  | 13,675 |
2025 |  |  | 10,717 |
2026 |  |  | 8,553 |
Thereafter |  |  | 11,188 |
Total lease payments |  |  | 82,845 |
Less imputed interest |  |  | (6,690 | )
Total lease liabilities |  | $ | 76,155 |

X
- Definition Leases Disclosure. + References No definition available. + Details
Name: | ter_LeasesDisclosureTextBlock
Namespace Prefix: | ter_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration