Source document: teradyne-inc_2019

Question: What was the inventory reserves in 2019?
Facts: $103.6 million
Answer: $103.6 million

Question: In which years was net inventories calculated?
Facts: 2018; 2019
Answer: 2019; 2018

Question: What were the components included in net inventories in the table?
Facts: Finished goods; Raw material; Work-in-process
Answer: Raw material; Work-in-process; Finished goods

Question: In which year was Work-in-process larger?
Facts: 2019
Derivation: 32,695>31,014
Answer: 2019

Question: What was the change in Finished goods from 2018 to 2019?
Facts: 33,162; 45,401
Derivation: 45,401-33,162
Answer: 12239 thousand

Question: What was the percentage change in Finished goods from 2018 to 2019?
Facts: 33,162; 45,401
Derivation: (45,401-33,162)/33,162
Answer: 36.91 percent

Question: What do Prior year additions primarily relate to?
Facts: stock-based compensation
Answer: stock-based compensation

Question: What do Current year additions relate to?
Facts: federal and state research credits
Answer: federal and state research credits

Question: In which years was Teradyne’s gross unrecognized tax benefits calculated?
Facts: 2017; 2018; 2019
Answer: 2019; 2018; 2017

Question: In which year was the Ending balance, as of December 31 the largest?
Facts: 2018
Derivation: 43,395>36,263>21,180
Answer: 2018

Question: What was the change in Beginning balance, as of January 1 in 2019 from 2018?
Facts: 36,263; 43,395
Derivation: 43,395-36,263
Answer: 7132 thousand

Question: What was the percentage change in Beginning balance, as of January 1 in 2019 from 2018?
Facts: 36,263; 43,395
Derivation: (43,395-36,263)/36,263
Answer: 19.67 percent

Question: What does Teradyne services consist of?
Facts: extended warranties, training and application support, service agreement, post contract customer support (“PCS”) and replacement parts
Answer: extended warranties, training and application support, service agreement, post contract customer support (“PCS”) and replacement parts

Question: Where are deferred revenue and customer advances included in?
Facts: the short and long-term deferred revenue and customer advances
Answer: the short and long-term deferred revenue and customer advances

Question: In which years were Total deferred revenue and customer advances calculated?
Facts: 2018; 2019
Answer: 2019; 2018

Question: In which year was Maintenance, service and training larger?
Facts: 2019
Derivation: 63,815>58,362
Answer: 2019

Question: What was the change in Extended warranty from 2018 to 2019?
Facts: 27,422; 30,677
Derivation: 30,677-27,422
Answer: 3255 thousand

Question: What was the percentage change in Extended warranty from 2018 to 2019?
Facts: 27,422; 30,677
Derivation: (30,677-27,422)/27,422
Answer: 11.87 percent

Question: What does the carrying value of convertible debt represent?
Facts: the bifurcated debt component only, while the fair value is based on quoted market prices for the convertible note which includes the equity conversion features.
Answer: the bifurcated debt component only, while the fair value is based on quoted market prices for the convertible note which includes the equity conversion features.

Question: What do the fair values of accounts receivable, net and accounts payable approximate?
Facts: the carrying amount due to the short term nature of these instruments
Answer: the carrying amount due to the short term nature of these instruments

Question: In which years were the carrying amounts and fair values of Teradyne’s financial instruments recorded?
Facts: 2018; 2019
Answer: 2019; 2018

Question: In which year was the fair value of Derivative assets larger?
Facts: 2019
Derivation: 528>79
Answer: 2019

Question: What was the change in the fair value of Marketable securities from 2018 to 2019?
Facts: 241,793; 277,827
Derivation: 241,793-277,827
Answer: -36034 thousand

Question: What was the percentage change in the fair value of Marketable securities from 2018 to 2019?
Facts: 241,793; 277,827
Derivation: (241,793-277,827)/277,827
Answer: -12.97 percent

Question: What are the death benefits?
Facts: provide a fixed sum to retirees’ survivors and are available to all retirees
Answer: provide a fixed sum to retirees’ survivors and are available to all retirees

Question: What was the Interest cost in 2019?
Facts: 347
Answer: 347 thousand

Question: In which years is the December 31 balances of the postretirement assets and obligations are shown in the table?
Facts: 2018; 2019
Answer: 2019; 2018

Question: In which year was Interest Cost larger?
Facts: 2019
Derivation: 347>196
Answer: 2019

Question: What was the change in Service Cost from 2018 to 2019?
Facts: 39; 41
Derivation: 41-39
Answer: 2 thousand

Question: What was the percentage change in Service Cost from 2018 to 2019?
Facts: 39; 41
Derivation: (41-39)/39
Answer: 5.13 percent

Question: How was the risk-free interest rate determined?
Facts: using the U.S. Treasury yield curve in effect at the time of grant
Answer: using the U.S. Treasury yield curve in effect at the time of grant

Question: How was volatility determined?
Facts: using historical volatility for a period equal to the expected life
Answer: using historical volatility for a period equal to the expected life

Question: In which years was the stock compensation plan activity recorded?
Facts: 2017; 2018; 2019
Answer: 2019; 2018; 2017

Question: In which year was the amount of Granted stocks the largest?
Facts: 2017
Derivation: 111>102>69
Answer: 2017

Question: What was the change in granted stocks in 2019 from 2018?
Facts: 102; 69
Derivation: 102-69
Answer: 33 thousand

Question: What was the percentage change in granted stocks in 2019 from 2018?
Facts: 102; 69
Derivation: (102-69)/69
Answer: 47.83 percent

Question: What was the unamortized discount in 2019?
Facts: $65.3 million
Answer: $65.3 million

Question: What was the carrying amount of the equity component?
Facts: $100.8 million
Answer: $100.8 million

Question: What were the key components of Teradyne’s convertible senior notes in the table?
Facts: Debt principal; Net carrying amount of convertible debt; Unamortized discount
Answer: Debt principal; Unamortized discount; Net carrying amount of convertible debt

Question: In which year was the amount of Unamortized discount larger?
Facts: 2018
Derivation: 80,019>65,313
Answer: 2018

Question: What was the change in Debt principal from 2018 to 2019?
Facts: 460,000
Derivation: 460,000-460,000
Answer: 0 thousand

Question: What was the percentage change in Debt principal from 2018 to 2019?
Facts: 460,000
Derivation: (460,000-460,000)/460,000
Answer: 0 percent

Question: What was the service cost in 2019?
Facts: $41
Answer: $41 thousand

Question: What was the interest cost in 2019?
Facts: 347
Answer: 347 thousand

Question: For which years was  Teradyne’s net periodic postretirement benefit cost (income) calculated?
Facts: 2017; 2018; 2019
Answer: 2019; 2018; 2017

Question: In which year was service cost the largest?
Facts: 2019
Derivation: 41>39>34
Answer: 2019

Question: What was the change in service cost in 2018 from 2017?
Facts: 34; 39
Derivation: 39-34
Answer: 5 thousand

Question: What was the percentage change in service cost in 2018 from 2017?
Facts: 34; 39
Derivation: (39-34)/34
Answer: 14.71 percent

Question: What are the revenues from customers attributable to a country based on?
Facts: location of customer site
Answer: location of customer site

Question: In which years is information as to Teradyne’s revenues by country provided?
Facts: 2017; 2018; 2019
Answer: 2019; 2018; 2017

Question: Which are the locations listed in the table?
Facts: China; Europe; Japan; Korea; Malaysia; Philippines; Rest of the World; Singapore; Taiwan; Thailand; United States
Answer: China; Taiwan; United States; Korea; Europe; Japan; Thailand; Singapore; Malaysia; Philippines; Rest of the World

Question: How many different locations are listed in the table?
Facts: China; Europe; Japan; Korea; Malaysia; Philippines; Rest of the World; Singapore; Taiwan; Thailand; United States
Derivation: China##Taiwan##United States##Korea##Europe##Japan##Thailand##Singapore##Malaysia##Philippines##Rest of the World
Answer: 11

Question: What was the change in Rest of the World in 2019 from 2018?
Facts: 39,362; 43,683
Derivation: 43,683-39,362
Answer: 4321 thousand

Question: What was the percentage change in Rest of the World in 2019 from 2018?
Facts: 39,362; 43,683
Derivation: (43,683-39,362)/39,362
Answer: 10.98 percent

Question: What is included in Corporate and Other?
Facts: contingent consideration adjustments, investment impairment, pension and postretirement plans actuarial (gains) and losses, interest (income) and expense, net foreign exchange (gains) and losses, intercompany eliminations and acquisition related charges.
Answer: contingent consideration adjustments, investment impairment, pension and postretirement plans actuarial (gains) and losses, interest (income) and expense, net foreign exchange (gains) and losses, intercompany eliminations and acquisition related charges.

Question: What was the increase in income before income taxes in Semiconductor Test driven by?
Facts: by an increase in semiconductor tester sales for 5G infrastructure and image sensors, partially offset by a decrease in sales in the automotive and analog test segments.
Answer: by an increase in semiconductor tester sales for 5G infrastructure and image sensors, partially offset by a decrease in sales in the automotive and analog test segments.

Question: What are the segments considered under income (loss) before income taxes in the table?
Facts: Corporate and Other; Industrial Automation; Semiconductor Test; System Test; Wireless Test
Answer: Semiconductor Test; System Test; Wireless Test; Industrial Automation; Corporate and Other

Question: In which year was the amount for Wireless Test the largest?
Facts: 2019
Derivation: 35.6>29.1
Answer: 2019

Question: What was the percentage change in Wireless Test in 2019 from 2018?
Facts: 29.1; 35.6
Derivation: (35.6-29.1)/29.1
Answer: 22.34 percent

Question: What was the percentage change in System Test in 2019 from 2018?
Facts: 48.9; 93.5
Derivation: (93.5-48.9)/48.9
Answer: 91.21 percent

Question: What was the amount of Depreciation of property, plant and equipment in 2019?
Facts: $70.8 million
Answer: $70.8 million

Question: What was the accumulated depreciation on the test systems in 2019?
Facts: $5.1 million
Answer: $5.1 million

Question: In which years was Property, plant and equipment, net calculated?
Facts: 2018; 2019
Answer: 2019; 2018

Question: In which year was Construction in progress larger?
Facts: 2018
Derivation: 6,276>2,537
Answer: 2018

Question: What was the change in the amount of Land from 2018 to 2019?
Facts: 16,561
Derivation: 16,561-16,561
Answer: 0 thousand

Question: What was the percentage change in the amount of Land from 2018 to 2019?
Facts: 16,561
Derivation: (16,561-16,561)/16,561
Answer: 0 percent

Question: What was the change in Industrial Automation revenues?
Facts: $36.6 million
Answer: $36.6 million

Question: What was the change in System Test revenues?
Facts: $71.4 million
Answer: $71.4 million

Question: What were the reportable segments in the table?
Facts: Corporate and Other; Industrial Automation; Semiconductor Test; System Test; Wireless Test
Answer: Semiconductor Test; Industrial Automation; System Test; Wireless Test; Corporate and Other

Question: In which year was Wireless Test larger?
Facts: 2019
Derivation: 157.3>132.0
Answer: 2019

Question: What was the average revenue from System Test in 2018 and 2019?
Facts: 216.1; 287.5
Derivation: (287.5+216.1)/2
Answer: 251.8 million

Question: What was the average total revenue in 2018 and 2019?
Facts: 2,100.8; 2,295.0
Derivation: (2,295.0+2,100.8)/2
Answer: 2197.9 million

Question: What can delays in delivery schedules or cancellations of backlog result in?
Facts: could have a material adverse effect on our business, financial condition or results of operations
Answer: could have a material adverse effect on our business, financial condition or results of operations

Question: What are the reportable segments in the table?
Facts: Industrial Automation; Semiconductor Test; System Test; Wireless Test
Answer: Semiconductor Test; System Test; Wireless Test; Industrial Automation

Question: In which years was the backlog of unfilled orders provided?
Facts: 2018; 2019
Answer: 2019; 2018

Question: In which year was Industrial Automation larger?
Facts: 2018
Derivation: 19.7>17.9
Answer: 2018

Question: What was the change in Wireless Test in 2019 from 2018?
Facts: 32.0; 42.9
Derivation: 42.9-32.0
Answer: 10.9 million

Question: What was the percentage change in Wireless Test in 2019 from 2018?
Facts: 32.0; 42.9
Derivation: (42.9-32.0)/32.0
Answer: 34.06 percent

Question: How were the Incremental shares from assumed conversion of convertible notes calculated?
Facts: calculated using the difference between the average Teradyne stock price for the period and the conversion price of $31.62, multiplied by 14.5 million shares.
Answer: calculated using the difference between the average Teradyne stock price for the period and the conversion price of $31.62, multiplied by 14.5 million shares.

Question: How were the Convertible note hedge warrant shares calculated?
Facts: calculated using the difference between the average Teradyne stock price for the period and the warrant price of $39.68, multiplied by 14.5 million shares
Answer: calculated using the difference between the average Teradyne stock price for the period and the warrant price of $39.68, multiplied by 14.5 million shares

Question: In which years was the net income pre common share calculated?
Facts: 2017; 2018; 2019
Answer: 2019; 2018; 2017

Question: In which year were the Employee stock purchase rights the largest?
Facts: 2018
Derivation: 36>27>13
Answer: 2018

Question: What was the change in Net income per common share-diluted in 2019 from 2018?
Facts: 2.35; 2.60
Derivation: 2.60-2.35
Answer: 0.25

Question: What was the percentage change in Net income per common share-diluted in 2019 from 2018?
Facts: 2.35; 2.60
Derivation: (2.60-2.35)/2.35
Answer: 10.64 percent

Question: What are the types of provision (benefit) for income taxes?
Facts: Current; Deferred
Answer: Current; Deferred

Question: What are the components under Current provision (benefit) for income taxes?
Facts: Non-U.S; State; U.S. Federal
Answer: U.S. Federal; Non-U.S; State

Question: What does the table show?
Facts: The components of income (loss) before income taxes and the provision (benefit) for income taxes as shown in the consolidated statements of operations
Answer: The components of income (loss) before income taxes and the provision (benefit) for income taxes as shown in the consolidated statements of operations

Question: Which year was the amount of income before taxes the largest?
Facts: 2019
Derivation: 525,772>524,412>467,801
Answer: 2019

Question: What was the change in U.S. Income before income taxes in 2019 from 2018?
Facts: 189,691; 192,442
Derivation: 192,442-189,691
Answer: 2751 thousand

Question: What was the percentage change in U.S. Income before income taxes in 2019 from 2018?
Facts: 189,691; 192,442
Derivation: (192,442-189,691)/189,691
Answer: 1.45 percent

Question: What is the Expected Future Pension Benefit Payments in 2020 under United States?
Facts: $8,027
Answer: $8,027 thousand

Question: In which regions would future benefit payments be expected to be paid?
Facts: Foreign; United States
Answer: United States; Foreign

Question: What is the payment for  2025-2029 for Foreign?
Facts: 6,129
Answer: 6,129 thousand

Question: What is the difference in payment for United States and Foreign for 2020?
Facts: 1,237; 8,027
Derivation: 8,027-1,237
Answer: 6790 thousand

Question: What would the change in Expected Future Pension Benefit Payments under the United States in 2022 from 2021 be?
Facts: 8,416; 9,163
Derivation: 9,163-8,416
Answer: 747 thousand

Question: What would the percentage change in Expected Future Pension Benefit Payments under the United States in 2022 from 2021 be?
Facts: 8,416; 9,163
Derivation: (9,163-8,416)/8,416
Answer: 8.88 percent

Question: How is the carrying value of inventory assessed?
Facts: on a quarterly basis by estimating future demand and comparing that demand against on-hand and on-order inventory positions.
Answer: on a quarterly basis by estimating future demand and comparing that demand against on-hand and on-order inventory positions.

Question: What are the types of gross profit in the table?
Facts: Product gross profit; Service gross profit
Answer: Product gross profit; Service gross profit

Question: In which years was the  breakout of product and service gross profit provided?
Facts: 2018; 2019
Answer: 2019; 2018

Question: In which year was service gross profit larger?
Facts: 2019
Derivation: 234.2>217.9
Answer: 2019

Question: What was the percentage change in service gross profit from 2018 to 2019?
Facts: 217.9; 234.2
Derivation: (234.2-217.9)/217.9
Answer: 7.48 percent

Question: What was the percentage change in product gross profit from 2018 to 2019?
Facts: 1,002.5; 1,105.6
Derivation: (1,105.6-1,002.5)/1,002.5
Answer: 10.28 percent

Question: What was the change in product revenues?
Facts: $158.1 million
Answer: $158.1 million

Question: What was the change in services revenues?
Facts: $36.1 million
Answer: $36.1 million

Question: What are the components comprising total revenue?
Facts: Products revenues; Services revenues
Answer: Products revenues; Services revenues

Question: In which year was the amount of services revenues larger?
Facts: 2019
Derivation: 407.3>371.2
Answer: 2019

Question: What was the percentage change in total revenues from 2018 to 2019?
Facts: 2,100.8; 2,295.0
Derivation: (2,295.0-2,100.8)/2,100.8
Answer: 9.24 percent

Question: What was the average services revenues in 2018 and 2019?
Facts: 371.2; 407.3
Derivation: (407.3+371.2)/2
Answer: 389.25 million

Question: What was the change in interest income in 2019?
Facts: decreased by $1.9 million
Answer: decreased by $1.9 million

Question: What was the change in interest expense in 2019?
Facts: decreased by $8.2 million
Answer: decreased by $8.2 million

Question: What are the components analyzed under Interest and Other in the table?
Facts: Interest expense; Interest income; Other (income) expense, net
Answer: Interest income; Interest expense; Other (income) expense, net

Question: In which year was interest expense larger?
Facts: 2018
Derivation: 31.3>23.1
Answer: 2018

Question: What was the percentage change in Interest expense in 2019 from 2018?
Facts: 23.1; 31.3
Derivation: (23.1-31.3)/31.3
Answer: -26.2 percent

Question: What was the percentage change in Other (income) expense, net in 2019 from 2018?
Facts: 1.4; 29.5
Derivation: (29.5-1.4)/1.4
Answer: 2007.14 percent

Question: What was the total unrecognized expense related to non-vested restricted stock unit awards and stock options in 2019?
Facts: $45 million
Answer: $45 million

Question: How long is the total unrecognized expense related to non-vested restricted stock unit awards and stock options expected to be recognized?
Facts: over a weighted average period of 1.8 years.
Answer: over a weighted average period of 1.8 years.

Question: In which years is information on Stock options weighted average remaining contractual terms provided?
Facts: 2017; 2018; 2019
Answer: 2019; 2018; 2017

Question: In which year was the Exercisable amount the largest?
Facts: 2017
Derivation: 2.8>2.4>2.1
Answer: 2017

Question: What was the change in the Exercisable amount in 2019 from 2018?
Facts: 2.1; 2.4
Derivation: 2.1-2.4
Answer: -0.3

Question: What was the percentage change in the Exercisable amount in 2019 from 2018?
Facts: 2.1; 2.4
Derivation: (2.1-2.4)/2.4
Answer: -12.5 percent

Question: What were the Pro forma results for the year ended December 31, 2019 adjusted for?
Facts: adjusted to exclude $1.2 million of AutoGuide acquisition related costs and $0.1 million of AutoGuide non-recurring expense related to fair value adjustment to acquisition-date inventory.
Answer: adjusted to exclude $1.2 million of AutoGuide acquisition related costs and $0.1 million of AutoGuide non-recurring expense related to fair value adjustment to acquisition-date inventory.

Question: What was the net income in 2019?
Facts: $464,602
Answer: $464,602 thousand

Question: What are the types of net income per common share in the table?
Facts: Basic; Diluted
Answer: Basic; Diluted

Question: In which year was diluted net income per common share larger?
Facts: 2019
Derivation: 2.59>2.30
Answer: 2019

Question: What was the change in diluted net income per common share from 2018 to 2019?
Facts: 2.30; 2.59
Derivation: 2.59-2.30
Answer: 0.29

Question: What was the percentage change in diluted net income per common share from 2018 to 2019?
Facts: 2.30; 2.59
Derivation: (2.59-2.30)/2.30
Answer: 12.61 percent