Goodwill and Acquired Intangible Assets (Tables)
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6 Months Ended |
Jun. 28, 2026 |
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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 28, 2026, 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, 2025 |
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Goodwill |
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$ |
416,401 |
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|
$ |
263,598 |
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|
$ |
603,586 |
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|
$ |
1,283,585 |
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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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416,401 |
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|
3,058 |
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|
|
101,560 |
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|
|
521,019 |
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Acquisitions (1) |
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|
— |
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|
22,305 |
|
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|
131,634 |
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|
153,939 |
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Foreign currency translation adjustment |
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(11,104 |
) |
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|
(37 |
) |
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— |
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(11,141 |
) |
Balance at June 28, 2026 |
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Goodwill |
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$ |
405,297 |
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$ |
285,866 |
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$ |
735,220 |
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$ |
1,426,383 |
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Accumulated impairment losses |
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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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$ |
405,297 |
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|
$ |
25,326 |
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|
$ |
233,194 |
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|
$ |
663,817 |
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(1)Goodwill increased due to acquisitions made in the six months ended June 28, 2026, including the acquisition of a controlling interest in MLTP. See Note D: “Acquisitions” for more information.
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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 (1) |
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Accumulated
Amortization (1) |
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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 28, 2026 |
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Developed technology |
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$ |
269,110 |
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|
$ |
(185,930 |
) |
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$ |
— |
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|
$ |
83,180 |
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Customer relationships |
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54,064 |
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(42,735 |
) |
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— |
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|
11,329 |
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Tradenames and trademarks |
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39,157 |
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(30,606 |
) |
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(1,150 |
) |
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|
7,401 |
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Total intangible assets |
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$ |
362,331 |
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|
$ |
(259,271 |
) |
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$ |
(1,150 |
) |
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$ |
101,910 |
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Balance at December 31, 2025 |
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Developed technology |
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$ |
250,025 |
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|
$ |
(211,662 |
) |
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$ |
60 |
|
|
$ |
38,423 |
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Customer relationships |
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|
56,480 |
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(51,953 |
) |
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|
204 |
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|
|
4,731 |
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Tradenames and trademarks |
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40,487 |
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(31,339 |
) |
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(1,031 |
) |
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|
8,117 |
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Total intangible assets |
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$ |
346,992 |
|
|
$ |
(294,954 |
) |
|
$ |
(767 |
) |
|
$ |
51,271 |
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(1)In the six months ended June 28, 2026, $42.6 million of amortizable intangible assets became fully amortized and have been eliminated from the gross carrying amount and accumulated amortization.
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| Schedule of Estimated Intangible Assets Amortization Expense |
Estimated intangible asset amortization expense for each of the five succeeding fiscal years and thereafter is as follows:
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Year |
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Amortization
Expense |
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(in thousands) |
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2026 |
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$ |
10,294 |
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2027 |
|
|
19,603 |
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2028 |
|
|
19,522 |
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2029 |
|
|
18,200 |
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2030 |
|
|
9,643 |
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Thereafter |
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|
24,648 |
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