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v3.23.2

Goodwill and Acquired Intangible Assets (Tables) | 6 Months Ended
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Jul. 02, 2023
Changes in Carrying Amount of Goodwill by Segment | The changes in the carrying amount of goodwill by reportable segments for the six months ended July 2, 2023, were as follows:
|  | Robotics |  |  | Wireless Test |  |  | Semiconductor Test |  |  | System Test |  |  | Total |
|  | (in thousands) |
Balance at December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 383,166 |  |  | $ | 361,819 |  |  | $ | 262,077 |  |  | $ | 158,699 |  |  | $ | 1,165,761 |
Accumulated impairment losses |  |  | — |  |  |  | (353,843 | ) |  |  | (260,540 | ) |  |  | (148,183 | ) |  |  | (762,566 | )
Total Goodwill |  |  | 383,166 |  |  |  | 7,976 |  |  |  | 1,537 |  |  |  | 10,516 |  |  |  | 403,195 |
Foreign currency translation adjustment |  |  | 8,857 |  |  |  | — |  |  |  | 58 |  |  |  | — |  |  |  | 8,915 |
Balance at July 2, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  |  | 392,023 |  |  |  | 361,819 |  |  |  | 262,135 |  |  |  | 158,699 |  |  |  | 1,174,676 |
Accumulated impairment losses |  |  | — |  |  |  | (353,843 | ) |  |  | (260,540 | ) |  |  | (148,183 | ) |  |  | (762,566 | )
Total Goodwill |  | $ | 392,023 |  |  | $ | 7,976 |  |  | $ | 1,595 |  |  | $ | 10,516 |  |  | $ | 412,110 |
Schedule of Amortizable Intangible Assets | Amortizable intangible assets consist of the following and are included in intangible assets, net on the balance sheet:
|  | Gross Carrying Amount (1) |  |  | Accumulated Amortization (1) |  |  | Foreign Currency Translation Adjustment |  |  | Net Carrying Amount |
|  | (in thousands) |
Balance at July 2, 2023 |  |  |  |
Developed technology |  | $ | 267,708 |  |  | $ | (237,078 | ) |  | $ | (5,444 | ) |  | $ | 25,186 |
Customer relationships |  |  | 52,109 |  |  |  | (46,699 | ) |  |  | 200 |  |  |  | 5,610 |
Tradenames and trademarks |  |  | 59,007 |  |  |  | (43,904 | ) |  |  | (1,288 | ) |  |  | 13,815 |
Total intangible assets |  | $ | 378,824 |  |  | $ | (327,681 | ) |  | $ | (6,532 | ) |  | $ | 44,611 |
Balance, December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technology |  | $ | 270,967 |  |  | $ | (234,208 | ) |  | $ | (5,935 | ) |  | $ | 30,824 |
Customer relationships |  |  | 57,739 |  |  |  | (51,186 | ) |  |  | 172 |  |  |  | 6,725 |
Tradenames and trademarks |  |  | 59,387 |  |  |  | (41,930 | ) |  |  | (1,528 | ) |  |  | 15,929 |
Total intangible assets |  | $ | 388,093 |  |  | $ | (327,324 | ) |  | $ | (7,291 | ) |  | $ | 53,478 |
Schedule of Estimated Intangible Assets Amortization Expense | Estimated intangible asset amortization expense for each of the five succeeding fiscal years and thereafter is as follows:
Year |  | Amortization Expense |
|  | (in thousands) |
2023 |  | $ | 9,443 |
2024 |  |  | 18,834 |
2025 |  |  | 11,352 |
2026 |  |  | 2,379 |
2027 |  |  | 1,162 |
Thereafter |  |  | 1,441 |

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