$COHU
COHU INC

2015 Q1 Form 10-Q Financial Statement

#000119312515168264 Filed on May 04, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $63.45M $60.17M
YoY Change 5.45% 15.21%
Cost Of Revenue $43.30M $42.66M
YoY Change 1.5% 5.52%
Gross Profit $20.15M $20.03M
YoY Change 0.57% 43.67%
Gross Profit Margin 31.75% 33.29%
Selling, General & Admin $12.27M $15.06M
YoY Change -18.53% 0.07%
% of Gross Profit 60.92% 75.2%
Research & Development $8.565M $10.56M
YoY Change -18.89% -21.55%
% of Gross Profit 42.52% 52.72%
Depreciation & Amortization $2.910M $3.424M
YoY Change -15.01% 9.36%
% of Gross Profit 14.45% 17.09%
Operating Expenses $20.84M $25.62M
YoY Change -18.68% -10.14%
Operating Profit -$692.0K -$3.423M
YoY Change -79.78% -73.52%
Interest Expense $0.00 $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$686.0K -$1.243M
YoY Change -44.81% -88.73%
Income Tax $1.034M -$56.00K
% Of Pretax Income
Net Earnings -$2.740M -$3.348M
YoY Change -18.16% -72.34%
Net Earnings / Revenue -4.32% -5.56%
Basic Earnings Per Share -$0.11 -$0.13
Diluted Earnings Per Share -$0.11 -$0.13
COMMON SHARES
Basic Shares Outstanding 25.75M 25.12M shares
Diluted Shares Outstanding 25.75M 25.12M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $68.60M $41.10M
YoY Change 66.91% -15.61%
Cash & Equivalents $68.61M $40.04M
Short-Term Investments $1.100M
Other Short-Term Assets $8.791M $15.50M
YoY Change -43.28% 5.44%
Inventory $58.37M $62.45M
Prepaid Expenses
Receivables $68.30M $67.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $207.9M $186.1M
YoY Change 11.76% -3.69%
LONG-TERM ASSETS
Property, Plant & Equipment $30.75M $35.66M
YoY Change -13.76% -0.12%
Goodwill $60.33M $71.38M
YoY Change -15.48% -6.41%
Intangibles $31.04M $43.39M
YoY Change -28.47% 5.49%
Long-Term Investments
YoY Change
Other Assets $5.421M $5.609M
YoY Change -3.35% 697.87%
Total Long-Term Assets $127.5M $156.0M
YoY Change -18.26% 1.45%
TOTAL ASSETS
Total Short-Term Assets $207.9M $186.1M
Total Long-Term Assets $127.5M $156.0M
Total Assets $335.5M $342.1M
YoY Change -1.93% -1.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.48M $26.95M
YoY Change 13.1% 46.59%
Accrued Expenses $24.80M $27.50M
YoY Change -9.82% -4.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $66.75M $61.57M
YoY Change 8.4% 12.69%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $23.60M $18.50M
YoY Change 27.57% 32.14%
Total Long-Term Liabilities $23.60M $18.50M
YoY Change 27.57% 32.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $66.75M $61.57M
Total Long-Term Liabilities $23.60M $18.50M
Total Liabilities $100.6M $92.70M
YoY Change 8.52% 12.23%
SHAREHOLDERS EQUITY
Retained Earnings $129.9M $126.7M
YoY Change 2.51% -19.49%
Common Stock $124.1M $115.7M
YoY Change 7.27% 5.98%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $234.9M $249.4M
YoY Change
Total Liabilities & Shareholders Equity $335.5M $342.1M
YoY Change -1.93% -1.41%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income -$2.740M -$3.348M
YoY Change -18.16% -72.34%
Depreciation, Depletion And Amortization $2.910M $3.424M
YoY Change -15.01% 9.36%
Cash From Operating Activities $4.215M -$8.942M
YoY Change -147.14% 37.51%
INVESTING ACTIVITIES
Capital Expenditures $1.056M $722.0K
YoY Change 46.26% 245.45%
Acquisitions
YoY Change
Other Investing Activities $50.00K -$111.0K
YoY Change -145.05% 909.09%
Cash From Investing Activities -$1.026M -$494.0K
YoY Change 107.69% -99.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.230M $765.0K
YoY Change 60.78% 82.58%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.769M -2.269M
YoY Change 22.04% 441.53%
NET CHANGE
Cash From Operating Activities 4.215M -8.942M
Cash From Investing Activities -1.026M -494.0K
Cash From Financing Activities -2.769M -2.269M
Net Change In Cash 420.0K -11.71M
YoY Change -103.59% -80.64%
FREE CASH FLOW
Cash From Operating Activities $4.215M -$8.942M
Capital Expenditures $1.056M $722.0K
Free Cash Flow $3.159M -$9.664M
YoY Change -132.69% 43.98%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q2 cohu Business Acquisition Contingent Consideration Receivable At Fair Value
BusinessAcquisitionContingentConsiderationReceivableAtFairValue
500000
CY2015Q1 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
7125000
CY2015Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5732000
CY2015Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
13704000
CY2015Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1543000
CY2015Q1 us-gaap Stockholders Equity
StockholdersEquity
234887000
CY2014Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
4816000
CY2014Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1507000
CY2014Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
40043000
CY2015Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
25907539 shares
CY2015Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
25908000 shares
CY2015Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
25908000 shares
CY2015Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2015Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
60000000 shares
CY2015Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2015Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2015Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q1 us-gaap Preferred Stock Value
PreferredStockValue
CY2015Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
53127000
CY2015Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
6571000
CY2015Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
30477000
CY2015Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4539000
CY2015Q1 us-gaap Liabilities Current
LiabilitiesCurrent
66746000
CY2015Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-19112000
CY2015Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
98221000
CY2015Q1 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
0
CY2015Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
200000
CY2015Q1 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
1193000
CY2015Q1 us-gaap Deferred Revenue
DeferredRevenue
12000000
CY2015Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
129870000
CY2015Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
29040000
CY2015Q1 us-gaap Common Stock Value
CommonStockValue
25908000
CY2015Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
335482000
CY2015Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
10254000
CY2015Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
3732000
CY2015Q1 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
15277000
CY2015Q1 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
300000
CY2015Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2015Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
1110000
CY2015Q1 us-gaap Assets Current
AssetsCurrent
207945000
CY2015Q1 us-gaap Goodwill
Goodwill
60326000
CY2015Q1 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
1110000
CY2015Q1 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
67233000
CY2015Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
1110000
CY2015Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
31036000
CY2015Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5421000
CY2015Q1 us-gaap Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
1110000
CY2015Q1 us-gaap Assets
Assets
335482000
CY2015Q1 us-gaap Land And Land Improvements
LandAndLandImprovements
11341000
CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
68609000
CY2015Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
30901000
CY2015Q1 us-gaap Inventory Net
InventoryNet
58371000
CY2015Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
6595000
CY2015Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
83881000
CY2015Q1 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
29286000
CY2015Q1 us-gaap Available For Sale Securities
AvailableForSaleSecurities
69719000
CY2015Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
54448000
CY2015Q1 us-gaap Other Assets Current
OtherAssetsCurrent
8791000
CY2015Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
22490000
CY2015Q1 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
3831000
CY2015Q1 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
41639000
CY2014Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
33087000
CY2015Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
30754000
CY2015Q1 cohu Deferred Profit
DeferredProfit
7723000
CY2015Q1 cohu Available For Sale Securities Gross Unrealized Loss Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments
0
CY2015Q1 cohu Available For Sale Securities Gross Unrealized Gain Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInInvestments
0
CY2013Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5155000
CY2013Q4 us-gaap Goodwill
Goodwill
71313000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
51668000
CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
25692000 shares
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
25692000 shares
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
60000000 shares
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2014Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
53383000
CY2014Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7184000
CY2014Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
25964000
CY2014Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5109000
CY2014Q4 us-gaap Liabilities Current
LiabilitiesCurrent
68478000
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-10714000
CY2014Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
7321000
CY2014Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
6184000
CY2014Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
19643000
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
247068000
CY2014Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
97938000
CY2014Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
300000
CY2014Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
1075000
CY2014Q4 us-gaap Deferred Revenue
DeferredRevenue
11300000
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
134152000
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
29495000
CY2014Q4 us-gaap Common Stock Value
CommonStockValue
25692000
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
348818000
CY2014Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
11061000
CY2014Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
3133000
CY2014Q4 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
13815000
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2014Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
1155000
CY2014Q4 us-gaap Assets Current
AssetsCurrent
214817000
CY2014Q4 us-gaap Goodwill
Goodwill
63132000
CY2014Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
1155000
CY2014Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
73646000
CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5928000
CY2014Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
1155000
CY2014Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1039000
CY2014Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.06
CY2014Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
310000
CY2014 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-5126000
CY2014 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
3055000
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2014Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1504000
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
5000
CY2014Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
121000
CY2014Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-111000
CY2014Q4 us-gaap Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
1155000
CY2014Q4 us-gaap Assets
Assets
348818000
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
70885000
CY2014Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
11762000
CY2014Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
31123000
CY2014Q4 us-gaap Inventory Net
InventoryNet
55545000
CY2014Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
7073000
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
85237000
CY2014Q4 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
26734000
CY2014Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
72040000
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
56859000
CY2014Q4 us-gaap Other Assets Current
OtherAssetsCurrent
9180000
CY2014Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
21738000
CY2014Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
4406000
CY2014Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
42352000
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
31854000
CY2014Q4 cohu Deferred Profit
DeferredProfit
7445000
CY2014Q4 cohu Available For Sale Securities Gross Unrealized Loss Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments
0
CY2014Q4 cohu Available For Sale Securities Gross Unrealized Gain Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInInvestments
0
CY2014Q2 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
9500000
CY2014Q4 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25123000 shares
CY2014Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
CY2014Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.016 pure
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-8942000
CY2014Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.13
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25123000 shares
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2014Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.13
CY2014Q1 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
3553000
CY2014Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3018000
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
329000
CY2014Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1147000
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-3423000
CY2014Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
15000
CY2014Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-3352000
CY2014Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-3408000
CY2014Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
285000
CY2014Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5912000
CY2014Q1 us-gaap Investment Income Net
InvestmentIncomeNet
15000
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
-3347000
CY2014Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3641000
CY2014Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
41000
CY2014Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
765000
CY2014Q1 us-gaap Sales Revenue Net
SalesRevenueNet
64864000
CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
722000
CY2014Q1 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-116000
CY2014Q1 us-gaap Costs And Expenses
CostsAndExpenses
68287000
CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2269000
CY2014Q1 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
-8000
CY2014Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
42664000
CY2014Q1 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
133000
CY2014Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-415000
CY2014Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
265000
CY2014Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
1440000
CY2014Q1 us-gaap Discontinued Operation Tax Effect Of Income Loss From Discontinued Operation During Phase Out Period
DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod
0
CY2014Q1 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
2059000
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1481000
CY2014Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-11625000
CY2014Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-589000
CY2014Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-44000
CY2014Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
911000
CY2014Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1378000
CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-494000
CY2014Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-44000
CY2014Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10560000
CY2014Q1 us-gaap Disposal Group Including Discontinued Operation Other Expense
DisposalGroupIncludingDiscontinuedOperationOtherExpense
100000
CY2014Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3424000
CY2014Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2100000
CY2014Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-61000
CY2014Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
125000
CY2014Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
15063000
CY2014Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-56000
CY2014Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
80000
CY2014Q1 cohu Number Of Customer Accounted For More Than Ten Percentage Of Net Sales
NumberOfCustomerAccountedForMoreThanTenPercentageOfNetSales
2 Customer
CY2014Q1 cohu Segment Reporting Information Segment Profit Loss
SegmentReportingInformationSegmentProfitLoss
-1364000
CY2014Q1 cohu Inventory Capitalized As Property Plant And Equipment
InventoryCapitalizedAsPropertyPlantAndEquipment
61000
CY2015Q1 dei Trading Symbol
TradingSymbol
COHU
CY2015Q1 dei Entity Registrant Name
EntityRegistrantName
COHU INC
CY2015Q1 dei Amendment Flag
AmendmentFlag
false
CY2015Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2015Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2015Q1 dei Document Type
DocumentType
10-Q
CY2015Q1 dei Document Period End Date
DocumentPeriodEndDate
2015-03-28
CY2015Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000021535
CY2015Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-26
CY2015Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2015Q1 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div> <table style="BORDER-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:Times New Roman" size="2"><b>9.</b></font></td> <td align="left" valign="top"><font style="font-family:Times New Roman" size="2"><b>Contingencies</b></font></td> </tr> </table> <p style="margin-top:6px;margin-bottom:0px; margin-left:4%"> <font style="font-family:Times New Roman" size="2">From time-to-time we are involved in various legal proceedings, examinations by various tax authorities and claims that have arisen in the ordinary course of our businesses. The outcome of any litigation is inherently uncertain. While there can be no assurance, we do not believe at the present time that the resolution of the matters described above will have a material adverse effect on our assets, financial position or results of operations.</font></p> </div>
CY2015Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
CY2015Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.613 pure
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
CY2015Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.06
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25751000 shares
CY2015Q1 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4215000
CY2015Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.11
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25751000 shares
CY2015Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="margin-top:6px;margin-bottom:0px; margin-left:4%"> <font style="font-family:Times New Roman" size="2"><b>Concentration of Credit Risk</b></font></p> <p style="margin-top:6px;margin-bottom:0px; margin-left:4%"> <font style="font-family:Times New Roman" size="2">Financial instruments that potentially subject us to significant credit risk consist principally of cash equivalents, short-term investments and trade accounts receivable. We invest in a variety of financial instruments and, by policy, limit the amount of credit exposure with any one issuer.</font></p> <p style="margin-top:6px;margin-bottom:0px; margin-left:4%"> <font style="font-family:Times New Roman" size="2">Trade accounts receivable are presented net of allowance for doubtful accounts of $0.2&#xA0;million and $0.3&#xA0;million at March&#xA0;28, 2015 and December&#xA0;27, 2014, respectively. Our customers include semiconductor manufacturers and semiconductor test subcontractors and other customers located throughout many areas of the world. While we believe that our allowance for doubtful accounts is adequate and represents our best estimate at March&#xA0;28, 2015, we will continue to monitor customer liquidity and other economic conditions, which may result in changes to our estimates regarding collectability.</font></p> </div>
CY2015Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-LEFT: 4%; MARGIN-TOP: 6px"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>Reclassifications</b></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-LEFT: 4%; MARGIN-TOP: 6px"> <font style="FONT-FAMILY: Times New Roman" size="2">We have reclassified certain prior period amounts to conform to the current period presentation. These reclassifications have no effect on the financial position or results of operations or cash flows for the periods presented.</font></p> </div>
CY2015Q1 us-gaap Standard Product Warranty Description
StandardProductWarrantyDescription
12 to 36 months
CY2015Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.11
CY2015Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-11138000
CY2015Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
78000
CY2015Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-703000
CY2015Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1539000
CY2015Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1439000
CY2015Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-678000
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-8398000
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-1705000
CY2015Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
6000
CY2015Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-2740000
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-1699000
CY2015Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-8343000
CY2015Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-6171000
CY2015Q1 us-gaap Investment Income Net
InvestmentIncomeNet
6000
CY2015Q1 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
200000
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
-2740000
CY2015Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4466000
CY2015Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
44000
CY2015Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1230000
CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
68068000
CY2015Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1071000
CY2015Q1 us-gaap Costs And Expenses
CostsAndExpenses
69773000
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2769000
CY2015Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
46309000
CY2015Q1 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
217000
CY2015Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-781000
CY2015Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
387000
CY2015Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
1685000
CY2015Q1 us-gaap Discontinued Operation Tax Effect Of Income Loss From Discontinued Operation During Phase Out Period
DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod
0
CY2015Q1 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
2015000
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1729000
CY2015Q1 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-2806000
CY2015Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-2276000
CY2015Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-5868000
CY2015Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
505000
CY2015Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5275000
CY2015Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1891000
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1026000
CY2015Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
55000
CY2015Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
9629000
CY2015Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
273000
CY2015Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2913000
CY2015Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1800000
CY2015Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
45000
CY2015Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
13835000
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1041000
CY2015Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-2696000
CY2015Q1 cohu Number Of Customer Accounted For More Than Ten Percentage Of Net Sales
NumberOfCustomerAccountedForMoreThanTenPercentageOfNetSales
2 Customer
CY2015Q1 cohu Variable Rate Demand Notes Maximum Maturity Year
VariableRateDemandNotesMaximumMaturityYear
2034
CY2015Q1 cohu Segment Reporting Information Segment Profit Loss
SegmentReportingInformationSegmentProfitLoss
310000
CY2015Q1 cohu Inventory Capitalized As Property Plant And Equipment
InventoryCapitalizedAsPropertyPlantAndEquipment
108000

Files In Submission

Name View Source Status
0001193125-15-168264-index-headers.html Edgar Link pending
0001193125-15-168264-index.html Edgar Link pending
0001193125-15-168264.txt Edgar Link pending
0001193125-15-168264-xbrl.zip Edgar Link pending
cohu-20150328.xml Edgar Link completed
cohu-20150328.xsd Edgar Link pending
cohu-20150328_cal.xml Edgar Link unprocessable
cohu-20150328_def.xml Edgar Link unprocessable
cohu-20150328_lab.xml Edgar Link unprocessable
cohu-20150328_pre.xml Edgar Link unprocessable
d903644d10q.htm Edgar Link pending
d903644dex311.htm Edgar Link pending
d903644dex312.htm Edgar Link pending
d903644dex321.htm Edgar Link pending
d903644dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending