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Goodwill and Acquired Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2024
Changes in Carrying Amount of Goodwill by Segment

The changes in the carrying amount of goodwill by reportable segments for the six months ended June 30, 2024, were as follows:

 

 

 

Robotics

 

 

Wireless
Test

 

 

Semiconductor
Test

 

 

System
Test

 

 

Total

 

 

 

(in thousands)

 

Balance at December 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

395,463

 

 

$

361,819

 

 

$

262,237

 

 

$

158,699

 

 

$

1,178,218

 

Accumulated impairment losses

 

 

—

 

 

 

(353,843

)

 

 

(260,540

)

 

 

(148,183

)

 

 

(762,566

)

Total Goodwill

 

 

395,463

 

 

 

7,976

 

 

 

1,697

 

 

 

10,516

 

 

 

415,652

 

Foreign currency translation adjustment

 

 

(10,433

)

 

 

—

 

 

 

(109

)

 

 

—

 

 

 

(10,542

)

Balance at June 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

385,031

 

 

$

361,819

 

 

$

262,128

 

 

$

158,699

 

 

 

1,167,676

 

Accumulated impairment losses

 

 

—

 

 

 

(353,843

)

 

 

(260,540

)

 

 

(148,183

)

 

 

(762,566

)

Total Goodwill

 

$

385,031

 

 

$

7,976

 

 

$

1,588

 

 

$

10,516

 

 

$

405,110

 
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

 

 

Accumulated
Amortization

 

 

Foreign
Currency
Translation
Adjustment

 

 

Net
Carrying
Amount

 

 

 

(in thousands)

 

Balance at June 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

$

267,706

 

 

$

(249,298

)

 

$

(5,728

)

 

$

12,680

 

Customer relationships

 

 

52,109

 

 

 

(48,706

)

 

 

197

 

 

 

3,600

 

Tradenames and trademarks

 

 

59,007

 

 

 

(48,407

)

 

 

(1,415

)

 

 

9,185

 

Total intangible assets

 

$

378,822

 

 

$

(346,411

)

 

$

(6,946

)

 

$

25,465

 

Balance at December 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

$

267,706

 

 

$

(243,191

)

 

$

(5,343

)

 

$

19,172

 

Customer relationships

 

 

52,109

 

 

 

(47,850

)

 

 

232

 

 

 

4,491

 

Tradenames and trademarks

 

 

59,007

 

 

 

(46,021

)

 

 

(1,245

)

 

 

11,741

 

Total intangible assets

 

$

378,822

 

 

$

(337,062

)

 

$

(6,356

)

 

$

35,404

 
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)

 

2024

 

$

9,303

 

2025

 

 

11,254

 

2026

 

 

2,356

 

2027

 

 

1,140

 

2028

 

 

1,059

 

Thereafter

 

 

353