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Segment Information (Tables) | 9 Months Ended
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Sep. 29, 2024
Segment Information | Segment information for the three and nine months ended September 29, 2024, and October 1, 2023, is as follows:
|  | Semiconductor Test |  |  | System Test |  |  | Robotics |  |  | Wireless Test |  |  | Segment Total |  |  | Corporate and Eliminations |  |  | Consolidated |
|  | (in thousands) |
Three Months Ended September 29, 2024 |
Revenues |  | $ | 542,734 |  |  | $ | 73,312 |  |  | $ | 88,651 |  |  | $ | 32,601 |  |  | $ | 737,298 |  |  | $ | — |  |  | $ | 737,298 |
Income (loss) before income taxes (1)(2) |  |  | 163,778 |  |  |  | 12,522 |  |  |  | (24,206 | ) |  |  | 4,279 |  |  | $ | 156,373 |  |  |  | 2,611 |  |  | $ | 158,984 |
Total assets (3) |  |  | 1,308,031 |  |  |  | 178,291 |  |  |  | 794,277 |  |  |  | 76,882 |  |  | $ | 2,357,481 |  |  |  | 1,412,247 |  |  | $ | 3,769,728 |
Three Months Ended October 1, 2023 |
Revenues |  | $ | 497,863 |  |  | $ | 83,203 |  |  | $ | 85,692 |  |  | $ | 36,974 |  |  | $ | 703,732 |  |  | $ | — |  |  | $ | 703,732 |
Income (loss) before income taxes (1)(2) |  |  | 136,451 |  |  |  | 23,754 |  |  |  | (21,812 | ) |  |  | 9,469 |  |  | $ | 147,862 |  |  |  | (3,582 | ) |  | $ | 144,280 |
Total assets (3) |  |  | 1,382,444 |  |  |  | 178,904 |  |  |  | 684,207 |  |  |  | 92,514 |  |  | $ | 2,338,069 |  |  |  | 1,032,586 |  |  | $ | 3,370,655 |
Nine Months Ended September 29, 2024 |
Revenues |  | $ | 1,497,552 |  |  | $ | 209,435 |  |  | $ | 266,552 |  |  | $ | 93,457 |  |  | $ | 2,066,996 |  |  | $ | — |  |  | $ | 2,066,996 |
Income (loss) before income taxes (1)(2) |  |  | 401,475 |  |  |  | 36,138 |  |  |  | (56,099 | ) |  |  | 13,355 |  |  | $ | 394,869 |  |  |  | 56,420 |  |  | $ | 451,289 |
Total assets (3) |  |  | 1,308,031 |  |  |  | 178,291 |  |  |  | 794,277 |  |  |  | 76,882 |  |  | $ | 2,357,481 |  |  |  | 1,412,247 |  |  | $ | 3,769,728 |
Nine Months Ended October 1, 2023 |
Revenues |  | $ | 1,387,580 |  |  | $ | 252,106 |  |  | $ | 246,541 |  |  | $ | 119,472 |  |  | $ | 2,005,699 |  |  | $ | — |  |  | $ | 2,005,699 |
Income (loss) before income taxes (1)(2) |  |  | 361,676 |  |  |  | 67,629 |  |  |  | (66,704 | ) |  |  | 30,841 |  |  | $ | 393,442 |  |  |  | (7,675 | ) |  | $ | 385,767 |
Total assets (3) |  |  | 1,382,444 |  |  |  | 178,904 |  |  |  | 684,207 |  |  |  | 92,514 |  |  | $ | 2,338,069 |  |  |  | 1,032,586 |  |  | $ | 3,370,655 |
(1) Included in Corporate and Eliminations are interest income, interest expense, net foreign exchange gains (losses), intercompany eliminations, severance charges, pension, acquisition and divestiture related fees, and an expense for the modification of outstanding equity awards. (2) Included in income (loss) before taxes are charges related to restructuring and other, expense for the modification of outstanding equity awards, legal settlement, pension mark-to-market, and inventory charges. (3) Total assets are attributable to each segment. Corporate assets consist of cash and cash equivalents, marketable securities, and certain other assets.
Schedule of Segment Reporting Information by Segment Charges | Included in each segment are charges and credits in the following line items in the statements of operations:
|  | For the Three Months Ended |  |  | For the Nine Months Ended |
|  | September 29, 2024 |  |  | October 1, 2023 |  |  | September 29, 2024 |  |  | October 1, 2023 |
|  | (in thousands) |  |  | (in thousands) |
Semiconductor Test: |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues—inventory charge |  | $ | 4,041 |  |  | $ | 10,422 |  |  | $ | 11,405 |  |  | $ | 18,374 |
Restructuring and other—employee severance |  |  | — |  |  |  | 1,776 |  |  |  | 1,277 |  |  |  | 5,055 |
System Test: |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues—inventory charge |  | $ | — |  |  | $ | — |  |  | $ | 1,016 |  |  | $ | 1,412 |
Restructuring and other—employee severance |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,124 |
Robotics: |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues—legal settlement |  | $ | 3,600 |  |  | $ | — |  |  | $ | 3,600 |  |  | $ | — |
Restructuring and other—employee severance |  |  | 1,110 |  |  |  | 636 |  |  |  | 2,647 |  |  |  | 2,707 |
Cost of revenues—inventory charge |  |  | 537 |  |  |  | 652 |  |  |  | 1,071 |  |  |  | 2,203 |
Wireless: |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues—inventory charge |  | $ | 1,204 |  |  | $ | — |  |  | $ | 2,024 |  |  | $ | 1,080 |
Corporate and Eliminations: |  |  |  |  |  |  |  |  |  |  |  |
Restructuring and other—acquisition & divestiture related expenses |  | $ | — |  |  | $ | — |  |  | $ | 2,214 |  |  | $ | — |
Selling and administrative —equity modification |  |  | — |  |  |  | — |  |  |  | 1,469 |  |  |  | 5,889 |
Restructuring and other—employee severance |  |  | — |  |  |  | 1,753 |  |  |  | — |  |  |  | 2,877 |
Restructuring and other—contract termination |  |  | — |  |  |  | 1,511 |  |  |  | — |  |  |  | 1,511 |
Restructuring and other—other |  |  | 2,437 |  |  |  | — |  |  |  | 2,437 |  |  |  | 1,100 |

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