XML 48 R36.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Accounting Policies [Abstract] |
Deferred Revenue and Customer Advances | As of December 31, 2023 and 2022, deferred revenue and customer advances consisted of the following and are included in the short and long-term deferred revenue and customer advances:
|  | 2023 |  |  | 2022 |
|  | (in thousands) |
Maintenance, service and training |  | $ | 66,458 |  |  | $ | 78,089 |
Customer advances, undelivered elements and other |  |  | 35,731 |  |  |  | 59,147 |
Extended warranty |  |  | 34,897 |  |  |  | 56,180 |
Total deferred revenue and customer advances |  | $ | 137,086 |  |  | $ | 193,416 |
Other Accrued Liabilities |
|  | Amount |
|  | (in thousands) |
Balance at December 31, 2020 |  | $ | 16,633 |
Accruals for warranties issued during the period |  |  | 35,727 |
Accruals related to pre-existing warranties |  |  | (6,846 | )
Settlements made during the period |  |  | (20,937 | )
Balance at December 31, 2021 |  |  | 24,577 |
Accruals for warranties issued during the period |  |  | 21,851 |
Accruals related to pre-existing warranties |  |  | (5,618 | )
Settlements made during the period |  |  | (26,629 | )
Balance at December 31, 2022 |  |  | 14,181 |
Accruals for warranties issued during the period |  |  | 21,644 |
Accruals related to pre-existing warranties |  |  | (1,576 | )
Settlements made during the period |  |  | (18,551 | )
Balance at December 31, 2023 |  | $ | 15,698 |
Extended Product Warranty of Short and Long-Term Deferred Revenue and Customer Advances |
|  | Amount |
|  | (in thousands) |
Balance at December 31, 2020 |  | $ | 51,929 |
Deferral of new extended warranty revenue |  |  | 43,597 |
Recognition of extended warranty deferred revenue |  |  | (31,358 | )
Balance at December 31, 2021 |  |  | 64,168 |
Deferral of new extended warranty revenue |  |  | 33,686 |
Recognition of extended warranty deferred revenue |  |  | (41,674 | )
Balance at December 31, 2022 |  |  | 56,180 |
Deferral of new extended warranty revenue |  |  | 14,330 |
Recognition of extended warranty deferred revenue |  |  | (35,613 | )
Balance at December 31, 2023 |  | $ | 34,897 |
Summary of Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure | Prepayments consist of the following:
|  | 2023 (1) |  |  | 2022 |
|  | (in thousands) |
Contract manufacturer and supplier prepayments |  | $ | 502,257 |  |  | $ | 491,105 |
Prepaid maintenance and other services |  |  | 17,592 |  |  |  | 14,545 |
Prepaid taxes |  |  | 16,083 |  |  |  | 18,625 |
Other prepayments |  |  | 13,038 |  |  |  | 8,687 |
Total prepayments |  | $ | 548,970 |  |  | $ | 532,962 |
(1) Excludes $5.3 million of contract manufacturer and supplier prepayments, classified as assets held for sale. See Note E: “Assets held for sale” for additional information.
Useful Lives of Assets | Teradyne provides for depreciation of its assets principally on the straight-line method with the cost of the assets being charged to expense over their useful lives as follows:
Buildings |  | 40 years
Building improvements |  | 5 to 10 years
Leasehold improvements |  | Lesser of lease term or 10 years
Furniture and fixtures |  | 10 years
Test systems manufactured internally |  | 6 years
Machinery, equipment and software |  | 3 to 5 years

X
- Definition Schedule of deferred revenue and customer advances. + References No definition available. + Details
Name: | ter_ScheduleOfDeferredRevenueAndCustomerAdvancesTableTextBlock
Namespace Prefix: | ter_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of extended product warranty liability. + References No definition available. + Details
Name: | ter_ScheduleOfExtendedProductWarrantyLiabilityTableTextBlock
Namespace Prefix: | ter_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. + References No definition available. + Details
Name: | us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482425/460-10-50-8 + Details
Name: | us-gaap_ScheduleOfProductWarrantyLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration