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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Total revenues [1],[2] $ 3,155,045 $ 3,702,881 $ 3,121,469
Cost of revenues:      
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) 1,287,894 1,496,225 1,335,728
Gross profit 1,867,151 2,206,656 1,785,741
Operating expenses:      
Selling and administrative 558,103 547,559 464,769
Engineering and development 440,591 427,609 374,964
Acquired intangible assets amortization 19,333 21,456 30,803
Restructuring and other 17,185 9,312 (13,202)
Total operating expenses 1,035,212 1,005,936 857,334
Income from operations 831,939 1,200,720 928,407
Non-operating (income) expenses:      
Interest income (6,379) (2,627) (5,982)
Interest expense 3,719 17,820 24,182
Other (income) expense, net (5,786) 24,572 9,192
Income before income taxes [3],[4] 840,385 1,160,955 901,015
Income tax provision 124,884 146,366 116,868
Net income $ 715,501 $ 1,014,589 $ 784,147
Net income per common share:      
Basic $ 4.52 $ 6.15 $ 4.72
Diluted $ 4.22 $ 5.53 $ 4.28
Weighted average common shares—basic 158,434 164,960 166,120
Weighted average common shares—diluted 169,734 183,625 183,042
Product [Member]      
Revenues:      
Total revenues $ 2,591,572 $ 3,196,575 $ 2,690,906
Cost of revenues:      
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) 1,042,555 1,300,106 1,157,476
Service [Member]      
Revenues:      
Total revenues 563,473 506,306 430,563
Cost of revenues:      
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) $ 245,339 $ 196,119 $ 178,252
[1] Includes $8.2 million, $13.2 million and $10.0 million in 2022, 2021 and 2020, respectively, for leases of Teradyne’s systems recognized outside of ASC 606: “Revenue from Contracts with Customers.”
[2] Revenues attributable to a country are based on location of customer site.
[3] Included in Corporate and Eliminations are interest income, interest expense, net foreign exchange gains (losses), net cash flow hedge gains (losses), intercompany eliminations, pension and postretirement plan actuarial gains (losses), legal and environmental fees, contingent consideration adjustments, acquisition related charges and compensation, gain on sale of asset, and loss on convertible debt conversions in 2021.
[4] Included in income (loss) before taxes are charges and credits related to restructuring and other, inventory charges and loss on convertible debt conversions in 2021.