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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Oct. 01, 2023
Oct. 02, 2022
Oct. 01, 2023
Oct. 02, 2022
Revenues:        
Total revenues $ 703,732 [1] $ 827,073 [1] $ 2,005,699 [2] $ 2,423,209 [2]
Cost of revenues:        
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) 305,441 341,694 848,495 976,508
Gross profit 398,291 485,379 1,157,204 1,446,701
Operating expenses:        
Selling and administrative 138,330 135,632 434,979 415,351
Engineering and development 104,413 111,715 315,881 331,781
Acquired intangible assets amortization 4,720 4,729 14,348 14,663
Restructuring and other 6,856 1,796 15,251 19,554
Total operating expenses 254,319 253,872 780,459 781,349
Income from operations 143,972 231,507 376,745 665,352
Non-operating (income) expense:        
Interest income (6,873) (1,318) (18,486) (2,972)
Interest expense 963 779 2,994 2,704
Other (income) expense, net 5,602 5,849 6,470 20,472
Income before income taxes [3],[4] 144,280 226,197 385,767 645,148
Income tax provision 16,164 42,712 54,069 101,948
Net income $ 128,116 $ 183,485 $ 331,698 $ 543,200
Net income per common share:        
Basic $ 0.83 $ 1.17 $ 2.14 $ 3.41
Diluted $ 0.78 $ 1.1 $ 2.01 $ 3.17
Weighted average common shares—basic 153,762 156,364 154,809 159,325
Weighted average common shares—diluted 164,050 166,733 165,037 171,156
Product [Member]        
Revenues:        
Total revenues $ 551,982 $ 676,252 $ 1,565,776 $ 2,000,081
Cost of revenues:        
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) 239,827 277,539 655,502 795,229
Service [Member]        
Revenues:        
Total revenues 151,750 150,821 439,923 423,128
Cost of revenues:        
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) $ 65,614 $ 64,155 $ 192,993 $ 181,279
[1] Includes $1.4 million and $1.8 million in 2023 and 2022, respectively, for leases of Teradyne’s systems recognized outside Accounting Standards Codification (“ASC”) 606 “Revenue from Contracts with Customers.”
[2] Includes $3.9 million and $5.9 million in 2023 and 2022, respectively, for leases of Teradyne’s systems recognized outside ASC 606 “Revenue from Contracts with Customers.”
[3] Included in Corporate and Eliminations are: interest income, interest expense, net foreign exchange gains (losses), intercompany eliminations, legal and environmental fees, severance charges, pension, contract termination settlement charge and an expense for the modification of Teradyne’s former chief executive officer’s outstanding equity awards.
[4] Included in income (loss) before taxes are charges related to restructuring and other, and inventory charges.