Goodwill and Acquired Intangible Assets (Tables)
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6 Months Ended |
Jun. 29, 2025 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Changes in Carrying Amount of Goodwill by Segment |
The changes in the carrying amount of goodwill by reportable segments for the six months ended June 29, 2025, were as follows:
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Robotics |
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Semiconductor
Test |
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Product
Test |
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Total |
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(in thousands) |
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Balance at December 31, 2024 |
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Goodwill |
|
$ |
375,298 |
|
|
$ |
262,117 |
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|
$ |
520,518 |
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|
$ |
1,157,933 |
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Accumulated impairment losses |
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|
— |
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|
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(260,540 |
) |
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|
(502,026 |
) |
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|
(762,566 |
) |
Total Goodwill |
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375,298 |
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|
|
1,577 |
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|
18,492 |
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|
|
395,367 |
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AET acquisition |
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— |
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|
1,257 |
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— |
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|
1,257 |
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Quantifi acquisition |
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— |
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— |
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83,068 |
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|
83,068 |
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Foreign currency translation adjustment |
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|
40,570 |
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|
208 |
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|
— |
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|
40,778 |
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Balance at June 29, 2025 |
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Goodwill |
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$ |
415,868 |
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$ |
263,582 |
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$ |
603,586 |
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$ |
1,283,036 |
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Accumulated impairment losses |
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|
— |
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|
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(260,540 |
) |
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|
(502,026 |
) |
|
|
(762,566 |
) |
Total Goodwill |
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$ |
415,868 |
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|
$ |
3,042 |
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|
$ |
101,560 |
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$ |
520,470 |
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| Schedule of Amortizable Intangible Assets |
Amortizable intangible assets consist of the following and are included in intangible assets, net on the balance sheet:
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Foreign
Currency
Translation
Adjustment |
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Net
Carrying
Amount |
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(in thousands) |
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Balance at June 29, 2025 |
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Developed technology |
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$ |
308,925 |
|
|
$ |
(260,597 |
) |
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$ |
(5,342 |
) |
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$ |
42,986 |
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Customer relationships |
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|
56,480 |
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(50,715 |
) |
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|
204 |
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|
5,969 |
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Tradenames and trademarks |
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63,407 |
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(52,808 |
) |
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(1,321 |
) |
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|
9,278 |
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Total intangible assets |
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$ |
428,812 |
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|
$ |
(364,120 |
) |
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$ |
(6,459 |
) |
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$ |
58,233 |
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Balance at December 31, 2024 |
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Developed technology |
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$ |
267,706 |
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$ |
(255,448 |
) |
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$ |
(5,820 |
) |
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$ |
6,438 |
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Customer relationships |
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|
52,109 |
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(49,562 |
) |
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|
204 |
|
|
|
2,751 |
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Tradenames and trademarks |
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|
59,007 |
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(50,805 |
) |
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(1,464 |
) |
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|
6,738 |
|
Total intangible assets |
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$ |
378,822 |
|
|
$ |
(355,815 |
) |
|
$ |
(7,080 |
) |
|
$ |
15,927 |
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| Schedule of Estimated Intangible Assets Amortization Expense |
Estimated intangible asset amortization expense for each of the five succeeding fiscal years and thereafter is as follows:
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Year |
|
Amortization
Expense |
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(in thousands) |
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2025 |
|
$ |
6,476 |
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2026 |
|
|
7,531 |
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2027 |
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|
6,315 |
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2028 |
|
|
6,234 |
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2029 |
|
|
4,866 |
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Thereafter |
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|
26,811 |
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