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Assets Held for Sale | 3 Months Ended
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Mar. 31, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Assets Held for Sale | E. ASSETS HELD FOR SALE On November 7, 2023, Teradyne entered into a definitive agreement to sell Teradyne’s Device Interface Solutions ("DIS") business, a component of the Semiconductor Test segment, to Technoprobe S.p.A. ("Technoprobe") for $85.0 million in cash. As a result, the related assets and liabilities met the criteria and were classified as held-for-sale in Teradyne’s consolidated balance sheet as of December 31, 2023. The transaction, which does not qualify as a strategic shift required for discontinued operations treatment, is expected to close in the second quarter of 2024, subject to regulatory approval. Assets held-for-sale is comprised of the following as of March 31, 2024 and December 31, 2023:
|  | March 31, 2024 |  |  | December 31, 2023 |
|  | (in thousands) |
Current assets: |  |  |  |  |  |
Inventories, net |  | $ | 19,276 |  |  | $ | 17,952 |
Prepayments |  |  | 3,150 |  |  |  | 5,298 |
Total current assets held for sale |  |  | 22,426 |  |  |  | 23,250 |
Property, plant and equipment, net |  |  | 8,994 |  |  |  | 8,986 |
Operating lease right-of-use assets, net |  |  | 2,464 |  |  |  | 2,545 |
Total assets held for sale |  | $ | 33,884 |  |  | $ | 34,781 |
Current liabilities: |  |  |  |  |  |
Accounts payable |  | $ | 3,954 |  |  | $ | 6,356 |
Other accrued liabilities |  |  | 323 |  |  |  | 552 |
Operating lease liabilities |  |  | 410 |  |  |  | 471 |
Total current liabilities held for sale |  |  | 4,687 |  |  |  | 7,379 |
Long-term operating lease liabilities |  |  | 1,938 |  |  |  | 2,000 |
Total liabilities held for sale |  | $ | 6,625 |  |  | $ | 9,379 |
Net assets held for sale |  | $ | 27,259 |  |  | $ | 25,402 |

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent + Details
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