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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill by Segment

The changes in the carrying amount of goodwill by reportable segments for the years ended December 31, 2023 and 2022 are as follows:

 

 

 

Robotics

 

 

Wireless
Test

 

 

Semiconductor
Test

 

 

System
Test

 

 

Total

 

 

 

(in thousands)

 

Balance at December 31, 2021:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

405,971

 

 

$

361,819

 

 

$

262,101

 

 

$

158,699

 

 

$

1,188,590

 

Accumulated impairment losses

 

 

 

 

 

(353,843

)

 

 

(260,540

)

 

 

(148,183

)

 

 

(762,566

)

 

 

405,971

 

 

 

7,976

 

 

 

1,561

 

 

 

10,516

 

 

 

426,024

 

Foreign currency translation adjustment

 

 

(22,805

)

 

 

 

 

 

(24

)

 

 

 

 

 

(22,829

)

Balance at December 31, 2022:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

 

383,166

 

 

 

361,819

 

 

 

262,077

 

 

 

158,699

 

 

 

1,165,761

 

Accumulated impairment losses

 

 

 

 

 

(353,843

)

 

 

(260,540

)

 

 

(148,183

)

 

 

(762,566

)

 

 

383,166

 

 

 

7,976

 

 

 

1,537

 

 

 

10,516

 

 

 

403,195

 

Foreign currency translation adjustment

 

 

12,297

 

 

 

 

 

 

160

 

 

 

 

 

 

12,457

 

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

)

 

 

$

395,463

 

 

$

7,976

 

 

$

1,697

 

 

$

10,516

 

 

$

415,652

 

Schedule of Amortizable Intangible Assets

Amortizable intangible assets consist of the following and are included in intangible assets, net on the balance sheets:

 

 

 

December 31, 2023

 

 

 

Gross
Carrying
Amount (1)

 

 

Accumulated
Amortization (1)

 

 

Foreign Currency Translation Adjustment

 

 

Net
Carrying
Amount

 

 

 

(in thousands)

 

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

 

 

 

 

December 31, 2022

 

 

 

Gross
Carrying
Amount (1)

 

 

Accumulated
Amortization (1)

 

 

Foreign Currency Translation Adjustment

 

 

Net
Carrying
Amount

 

 

 

(in thousands)

 

Developed technology

 

$

270,967

 

 

$

(234,208

)

 

$

(5,935

)

 

$

30,824

 

Customer relationships

 

 

57,739

 

 

 

(51,186

)

 

 

172

 

 

 

6,725

 

Tradenames and trademarks

 

 

59,387

 

 

 

(41,930

)

 

 

(1,528

)

 

 

15,929

 

Total intangible assets

 

$

388,093

 

 

$

(327,324

)

 

$

(7,291

)

 

$

53,478

 

 

(1)
In 2023 and 2022, $9.3 million and $1.6 million, respectively, of amortizable intangible assets became fully amortized and have been eliminated from the gross carrying amount and accumulated amortization.
Schedule of Estimated Intangible Assets Amortization Expense Estimated intangible assets amortization expense for each of the five succeeding fiscal years is as follows:

 

Year

 

Amortization Expense

 

 

 

(in thousands)

 

2024

 

$

18,983

 

2025

 

 

11,402

 

2026

 

 

2,390

 

2027

 

 

1,173

 

2028

 

 

1,092

 

Thereafter

 

 

364