Operating Segment, Geographic and Significant Customer Information (Tables)

12 Months Ended

Dec. 31, 2021

Segment Information

Segment information for the years ended December 31, 2021, 2020, and 2019 is as follows:

	Semiconductor Test		System Test		Industrial Automation			Wireless Test		Corporate and Other			Consolidated
	(in thousands)
2021
Revenues	$	2,642,342	$	467,739	$	375,905		$	216,895	$	—		$	3,702,881
Income (loss) before taxes (1)(2)		976,988		163,064		(8,167	)		83,543		(54,473	)		1,160,955
Total assets (3)		1,245,596		170,954		701,196			107,513		1,584,166			3,809,425
Property additions		115,618		3,905		9,821			3,128		—			132,472
Depreciation and amortization expense		75,982		3,156		27,336			6,055		12,956			125,485
2020
Revenues	$	2,259,597	$	409,729	$	279,731		$	173,016	$	(604	)	$	3,121,469
Income (loss) before taxes (1)(2)		739,695		152,092		(24,019	)		41,950		(8,703	)		901,015
Total assets (3)		1,070,378		138,295		712,936			106,273		1,624,464			3,652,346
Property additions		168,055		3,092		8,899			4,931		—			184,977
Depreciation and amortization expense		64,998		3,426		36,242			6,258		15,819			126,743
2019
Revenues	$	1,552,571	$	287,455	$	298,139		$	157,315	$	(515	)	$	2,294,965
Income (loss) before taxes (1)(2)		416,973		93,543		(5,916	)		35,585		(14,413	)		525,772
Total assets (3)		784,808		131,428		671,559			97,299		1,101,920			2,787,014
Property additions		112,145		3,059		9,076			10,362		—			134,642
Depreciation and amortization expense		59,197		5,518		40,904			5,365		9,671			120,655

(1) Included in Corporate and Other are: loss on convertible debt conversions, contingent consideration adjustments, investment impairment, interest income, interest expense, pension and postretirement plan actuarial gains (losses), severance charges, net foreign exchange gains (losses), intercompany eliminations and acquisition related: (a) charges; (b) legal fees; (c) compensation.

(2) Included in income (loss) before taxes are charges and credits related to restructuring and other, loss on convertible debt conversions 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 Years Ended December 31,
	2021			2020			2019
	(in thousands)
Semiconductor Test:
Cost of revenues—inventory charge	$	6,661		$	11,013		$	8,731
Contract termination settlement fee		—			4,000			—
Restructuring and other—employee severance		—			—			1,277
System Test:
Cost of revenues—inventory charge	$	641		$	887		$	2,000
Industrial Automation:
Cost of revenues—inventory charge	$	6,403		$	834		$	508
Restructuring and other—employee severance		1,210			1,584			796
Restructuring and other—acquisition related expenses and compensation		1,000			985			741
Wireless:
Cost of revenues—inventory charge	$	1,770		$	4,800		$	4,005
Corporate and Other:
Other (income) expense, net—loss on convertible debt conversion	$	28,828		$	—		$	—
Restructuring and other—other		13,971			—			—
Restructuring and other—AutoGuide contingent consideration adjustment		(7,227	)		(19,724	)		2,976
Restructuring and other—acquisition related expenses and compensation		(513	)		1,728			1,765
Restructuring and other—MiR contingent consideration adjustment		—			(3,546	)		(22,199	)
Other (income) expense, net—investment impairment charge		—			—			15,000
Selling and administrative—equity modification charge		—			766			2,108

Revenues by Country

Information as to Teradyne’s revenues by country is as follows:

	2021		2020		2019
	(in thousands)
Revenues from customers (1):
Taiwan	$	1,117,874	$	1,178,068	$	485,681
China		631,963		465,722		514,327
Korea		502,167		391,571		239,504
United States		392,626		321,674		333,059
Europe		259,954		205,587		219,015
Philippines		166,838		68,887		54,560
Japan		166,231		143,983		175,322
Thailand		138,812		138,787		87,503
Malaysia		136,774		56,096		58,200
Singapore		121,582		76,460		84,111
Rest of the World		68,060		74,634		43,683
	$	3,702,881	$	3,121,469	$	2,294,965

(1) Revenues attributable to a country are based on location of customer site.

Long-Lived Assets by Geographic Area

Long-lived assets by geographic area:

	United States		Foreign(1)		Total
	(in thousands)
December 31, 2021	$	308,438	$	147,609	$	456,047
December 31, 2020	$	291,234	$	158,135	$	449,369

(1) As of December 31, 2021 and 2020, long-lived assets attributable to Singapore were $39.4 million and $62.5 million, respectively.