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v3.22.2.2

Segment Information (Tables) | 9 Months Ended
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Oct. 02, 2022
Segment Information | Segment information for the three and nine months ended October 2, 2022 and October 3, 2021 is as follows:
|  | Semiconductor Test |  |  | System Test |  |  | Industrial Automation |  |  | Wireless Test |  |  | Corporate and Eliminations |  |  | Consolidated |
|  | (in thousands) |
Three Months Ended October 2, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 575,704 |  |  | $ | 116,154 |  |  | $ | 89,067 |  |  | $ | 46,148 |  |  | $ | — |  |  | $ | 827,073 |
Income (loss) before income taxes (1)(2) |  |  | 182,625 |  |  |  | 40,201 |  |  |  | (3,992 | ) |  |  | 12,647 |  |  |  | (5,284 | ) |  |  | 226,197 |
Total assets (3) |  |  | 1,366,478 |  |  |  | 192,684 |  |  |  | 614,558 |  |  |  | 110,484 |  |  |  | 1,035,702 |  |  |  | 3,319,906 |
Three Months Ended October 3, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 688,232 |  |  | $ | 102,605 |  |  | $ | 91,014 |  |  | $ | 68,713 |  |  | $ | (63 | ) |  | $ | 950,501 |
Income (loss) before income taxes (1)(2) |  |  | 265,017 |  |  |  | 31,773 |  |  |  | (4,226 | ) |  |  | 31,726 |  |  |  | (26,535 | ) |  |  | 297,755 |
Total assets (3) |  |  | 1,251,549 |  |  |  | 147,970 |  |  |  | 696,792 |  |  |  | 119,568 |  |  |  | 1,546,303 |  |  |  | 3,762,182 |
Nine Months Ended October 2, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 1,599,392 |  |  | $ | 369,525 |  |  | $ | 292,772 |  |  | $ | 161,520 |  |  | $ | — |  |  | $ | 2,423,209 |
Income (loss) before income taxes (1)(2) |  |  | 510,112 |  |  |  | 135,566 |  |  |  | (15,496 | ) |  |  | 56,659 |  |  |  | (41,693 | ) |  |  | 645,148 |
Total assets (3) |  |  | 1,366,478 |  |  |  | 192,684 |  |  |  | 614,558 |  |  |  | 110,484 |  |  |  | 1,035,702 |  |  |  | 3,319,906 |
Nine Months Ended October 3, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 2,050,271 |  |  | $ | 340,261 |  |  | $ | 263,151 |  |  | $ | 164,504 |  |  | $ | (352 | ) |  | $ | 2,817,835 |
Income (loss) before income taxes (1)(2) |  |  | 778,687 |  |  |  | 116,788 |  |  |  | (14,586 | ) |  |  | 63,810 |  |  |  | (38,925 | ) |  |  | 905,774 |
Total assets (3) |  |  | 1,251,549 |  |  |  | 147,970 |  |  |  | 696,792 |  |  |  | 119,568 |  |  |  | 1,546,303 |  |  |  | 3,762,182 |
(1) | Included in Corporate and Eliminations are: legal and environmental fees, contingent consideration fair value adjustments, interest income, interest expense, severance charges, net foreign exchange gains (losses), acquisition related charges and compensation, pension, intercompany eliminations and for the three and nine months ended October 3, 2021, loss on convertible debt conversions.
(2) | Included in income (loss) before taxes are charges and credits related to restructuring and other, inventory charges and, for the three and nine months ended October 3, 2021, loss on convertible debt conversions.
(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 |
|  | October 2, 2022 |  |  | October 3, 2021 |  |  | October 2, 2022 |  |  | October 3, 2021 |
|  | (in thousands) |
Semiconductor Test: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues—inventory charge |  | $ | 10,829 |  |  | $ | 3,725 |  |  | $ | 13,144 |  |  | $ | 4,959 |
Industrial Automation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Restructuring and other—employee severance |  | $ | 1,074 |  |  | $ | — |  |  | $ | 1,616 |  |  | $ | 965 |
Cost of revenues—inventory charge |  |  | — |  |  |  | 3,656 |  |  |  | 1,411 |  |  |  | 4,941 |
Restructuring and other—acquisition related expenses and compensation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 825 |
Wireless: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues—inventory charge |  | $ | 966 |  |  | $ | 679 |  |  | $ | 3,942 |  |  | $ | 1,351 |
System Test: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues—inventory charge |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 524 |
Corporate and Eliminations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Restructuring and other—other |  | $ | 700 |  |  | $ | — |  |  | $ | 2,700 |  |  | $ | 1,846 |
Restructuring and other—legal settlement charge |  |  | — |  |  |  | — |  |  |  | 14,700 |  |  |  | — |
Other (income) expense, net—loss on convertible debt conversions |  |  | — |  |  |  | 20,153 |  |  |  | — |  |  |  | 25,397 |
Restructuring and other—AutoGuide contingent consideration adjustment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (7,227 | )
Restructuring and other—acquisition related expenses and compensation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (513 | )

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