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v3.25.1

Segment, Geographic and Significant Customer Information (Tables) | 3 Months Ended
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Mar. 30, 2025
Segment Information | Segment information for the three months ended March 30, 2025 and March 31, 2024, is as follows:
| Semiconductor Test |  |  | Robotics |  |  | Product Test |  |  | Total Reportable Segments |  |  | Corporate and Eliminations |  |  | Consolidated |
| (in thousands) |
Three months ended March 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 542,504 |  |  | $ | 68,987 |  |  | $ | 74,189 |  |  | $ | 685,680 |  |  | $ | — |  |  | $ | 685,680 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues |  | 202,747 |  |  |  | 32,292 |  |  |  | 30,035 |  |  |  | 265,074 |  |  |  | — |  |  |  | 265,074 |
Engineering and development |  | 80,211 |  |  |  | 15,855 |  |  |  | 11,539 |  |  |  | 107,605 |  |  |  | — |  |  |  | 107,605 |
Selling and marketing |  | 51,697 |  |  |  | 24,514 |  |  |  | 11,737 |  |  |  | 87,948 |  |  |  | — |  |  |  | 87,948 |
General and administrative |  | 26,552 |  |  |  | 9,865 |  |  |  | 4,969 |  |  |  | 41,386 |  |  |  | 1,763 |  |  |  | 43,149 |
Other segment items (1)(2) |  | 25,495 |  |  |  | 23,638 |  |  |  | 7,273 |  |  |  | 56,406 |  |  |  | 6,474 |  |  |  | 62,880 |
Income (loss) before taxes (2) |  | 155,802 |  |  |  | (37,177 | ) |  |  | 8,636 |  |  |  | 127,261 |  |  |  | (8,237 | ) |  |  | 119,024 |
Total assets (3) |  | 1,396,660 |  |  |  | 742,621 |  |  |  | 205,840 |  |  |  | 2,345,121 |  |  |  | 1,360,716 |  |  |  | 3,705,837 |
Property additions |  | 59,732 |  |  |  | 2,676 |  |  |  | 2,778 |  |  |  | 65,186 |  |  |  | — |  |  |  | 65,186 |
Depreciation and amortization expense |  | 22,865 |  |  |  | 5,941 |  |  |  | 1,506 |  |  |  | 30,312 |  |  |  | (10 | ) |  |  | 30,302 |
Three months ended March 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 434,770 |  |  | $ | 87,654 |  |  | $ | 77,395 |  |  | $ | 599,819 |  |  | $ | — |  |  | $ | 599,819 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues |  | 192,894 |  |  |  | 34,453 |  |  |  | 28,278 |  |  |  | 255,625 |  |  |  | — |  |  |  | 255,625 |
Engineering and development |  | 65,649 |  |  |  | 15,787 |  |  |  | 11,800 |  |  |  | 93,236 |  |  |  | — |  |  |  | 93,236 |
Selling and marketing |  | 44,987 |  |  |  | 24,821 |  |  |  | 12,181 |  |  |  | 81,989 |  |  |  | — |  |  |  | 81,989 |
General and administrative |  | 21,062 |  |  |  | 13,217 |  |  |  | 5,116 |  |  |  | 39,395 |  |  |  | 1,772 |  |  |  | 41,167 |
Other segment items (1)(2) |  | 26,784 |  |  |  | 13,422 |  |  |  | 6,503 |  |  |  | 46,709 |  |  |  | 8,191 |  |  |  | 54,900 |
Income (loss) before taxes (2) |  | 83,394 |  |  |  | (14,046 | ) |  |  | 13,517 |  |  |  | 82,865 |  |  |  | (9,963 | ) |  |  | 72,902 |
Total assets (3) |  | 1,407,239 |  |  |  | 721,318 |  |  |  | 192,912 |  |  |  | 2,321,469 |  |  |  | 1,089,251 |  |  |  | 3,410,720 |
Property additions |  | 36,554 |  |  |  | 5,713 |  |  |  | 1,756 |  |  |  | 44,023 |  |  |  | — |  |  |  | 44,023 |
Depreciation and amortization expense |  | 19,871 |  |  |  | 6,431 |  |  |  | 1,749 |  |  |  | 28,051 |  |  |  | 69 |  |  |  | 28,120 |
(1) For each reportable segment, the other segment items category includes equity and variable compensation, acquired intangible assets amortization, inventory step-up, and restructuring and other charges. (2) Included in Corporate and Eliminations are interest income, interest expense, net foreign exchange gains (losses), intercompany eliminations, severance charges, pension and postretirement plan actuarial gains (losses), acquisition and divestiture related expenses, ERP implementation related costs, and an expense for the modification of outstanding equity awards. (3) Total assets are attributable to each segment. Corporate assets consist of cash and cash equivalents, marketable securities, and certain other assets.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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