2022 Q3 Form 10-Q Financial Statement

#000143774922018062 Filed on July 29, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $206.7M $217.2M $197.8M
YoY Change -8.16% -11.26% -12.3%
Cost Of Revenue $108.6M $116.3M $106.6M
YoY Change -16.03% -17.03% -13.54%
Gross Profit $98.07M $101.0M $91.16M
YoY Change 2.47% -3.54% -10.81%
Gross Profit Margin 47.45% 46.47% 46.09%
Selling, General & Admin $32.76M $32.53M $31.25M
YoY Change 7.86% -0.92% -4.22%
% of Gross Profit 33.41% 32.22% 34.28%
Research & Development $23.37M $23.16M $23.11M
YoY Change 2.54% -1.12% -0.2%
% of Gross Profit 23.83% 22.94% 25.35%
Depreciation & Amortization $8.206M $11.53M $11.67M
YoY Change -32.21% -7.2% -7.16%
% of Gross Profit 8.37% 11.42% 12.8%
Operating Expenses $56.14M $55.69M $54.35M
YoY Change 5.58% -1.01% -2.55%
Operating Profit $33.71M $36.91M $27.69M
YoY Change -0.03% -67.77% -22.49%
Interest Expense $1.028M $919.0K $981.0K
YoY Change 6.42% -49.81% -61.9%
% of Operating Profit 3.05% 2.49% 3.54%
Other Income/Expense, Net
YoY Change
Pretax Income $35.08M $37.67M $27.86M
YoY Change 12.69% -66.59% -10.64%
Income Tax $10.19M $8.898M $6.294M
% Of Pretax Income 29.06% 23.62% 22.59%
Net Earnings $24.88M $28.77M $21.57M
YoY Change 4.84% -69.75% -21.87%
Net Earnings / Revenue 12.04% 13.24% 10.91%
Basic Earnings Per Share $0.52 $0.59 $0.44
Diluted Earnings Per Share $0.51 $0.59 $0.44
COMMON SHARES
Basic Shares Outstanding 48.23M 48.48M 48.78M
Diluted Shares Outstanding 48.53M 48.93M 49.57M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $369.4M $368.1M $358.6M
YoY Change 1.25% -15.21% 23.22%
Cash & Equivalents $232.4M $280.6M $267.1M
Short-Term Investments $137.0M $87.50M $91.50M
Other Short-Term Assets $1.968M $4.145M $824.0K
YoY Change 10.94% 296.27% -74.57%
Inventory $165.2M $162.7M $160.4M
Prepaid Expenses $24.50M $19.50M $21.66M
Receivables $188.2M $212.9M $210.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $749.3M $767.3M $752.2M
YoY Change 0.78% -7.17% 11.31%
LONG-TERM ASSETS
Property, Plant & Equipment $61.79M $62.15M $63.91M
YoY Change -5.17% -4.42% -2.83%
Goodwill $202.7M $211.5M $216.2M
YoY Change -9.37% -6.64% -12.36%
Intangibles $142.8M $155.8M $166.7M
YoY Change -26.05% -23.41% -24.68%
Long-Term Investments
YoY Change
Other Assets $18.97M $19.11M $19.43M
YoY Change -10.46% -17.87% 1.03%
Total Long-Term Assets $448.6M $472.1M $491.2M
YoY Change -15.26% -13.4% -15.75%
TOTAL ASSETS
Total Short-Term Assets $749.3M $767.3M $752.2M
Total Long-Term Assets $448.6M $472.1M $491.2M
Total Assets $1.198B $1.239B $1.243B
YoY Change -5.89% -9.65% -1.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $69.61M $80.95M $85.63M
YoY Change -19.59% -20.72% -12.36%
Accrued Expenses $61.09M $56.26M $51.21M
YoY Change -11.2% -18.5% -22.05%
Deferred Revenue $8.914M $16.50M $13.28M
YoY Change 11.05% 114.64% -11.55%
Short-Term Debt $1.744M $1.849M $2.048M
YoY Change -44.81% -41.49% -59.04%
Long-Term Debt Due $6.029M $16.18M $6.358M
YoY Change -19.06% -84.68% -28.17%
Total Short-Term Liabilities $170.8M $194.3M $176.5M
YoY Change -15.53% -39.54% -15.17%
LONG-TERM LIABILITIES
Long-Term Debt $72.98M $75.38M $102.0M
YoY Change -34.19% -32.54% -51.72%
Other Long-Term Liabilities $72.37M $51.56M $54.07M
YoY Change 21.84% -15.2% -15.91%
Total Long-Term Liabilities $72.98M $75.38M $102.0M
YoY Change -34.19% -32.54% -51.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $170.8M $194.3M $176.5M
Total Long-Term Liabilities $72.98M $75.38M $102.0M
Total Liabilities $243.7M $269.6M $278.4M
YoY Change -22.14% -37.73% -33.58%
SHAREHOLDERS EQUITY
Retained Earnings $268.8M $243.9M $215.1M
YoY Change 55.66% 63.76% 299.58%
Common Stock $730.8M $727.6M $722.1M
YoY Change 1.69% 1.69% 1.64%
Preferred Stock
YoY Change
Treasury Stock (at cost) $45.40M $27.70M $13.71M
YoY Change
Treasury Stock Shares $1.562M $924.0K $420.0K
Shareholders Equity $881.8M $894.5M $886.9M
YoY Change
Total Liabilities & Shareholders Equity $1.198B $1.239B $1.243B
YoY Change -5.89% -9.65% -1.22%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $24.88M $28.77M $21.57M
YoY Change 4.84% -69.75% -21.87%
Depreciation, Depletion And Amortization $8.206M $11.53M $11.67M
YoY Change -32.21% -7.2% -7.16%
Cash From Operating Activities $39.50M $43.81M $1.991M
YoY Change 15.32% 48.14% -67.82%
INVESTING ACTIVITIES
Capital Expenditures -$4.976M -$3.055M $2.669M
YoY Change 47.44% 7.23% -1.15%
Acquisitions $0.00
YoY Change
Other Investing Activities -$49.43M $3.907M -$2.106M
YoY Change -1106.64% -97.92% -98.34%
Cash From Investing Activities -$54.40M $852.0K -$4.775M
YoY Change -3644.1% -99.54% -96.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $5.949M
YoY Change -102.67%
Debt Paid & Issued, Net $9.056M
YoY Change -91.11%
Cash From Financing Activities -29.78M -29.77M -$19.13M
YoY Change -70.43% 837.11% -116.41%
NET CHANGE
Cash From Operating Activities 39.50M 43.81M $1.991M
Cash From Investing Activities -54.40M 852.0K -$4.775M
Cash From Financing Activities -29.78M -29.77M -$19.13M
Net Change In Cash -44.69M 14.89M -$23.13M
YoY Change -31.16% -92.96% 270.78%
FREE CASH FLOW
Cash From Operating Activities $39.50M $43.81M $1.991M
Capital Expenditures -$4.976M -$3.055M $2.669M
Free Cash Flow $44.47M $46.86M -$678.0K
YoY Change 18.2% 44.55% -119.44%

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us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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DepreciationDepletionAndAmortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Share Based Compensation
ShareBasedCompensation
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ShareBasedCompensation
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cohu Amortization Of Inventory Stepup And Inventory Related Charges
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956000 usd
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cohu Interest Capitalized Associated With Cloud Computing Implementation
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us-gaap Amortization Of Financing Costs And Discounts
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cohu Inventory Capitalized As Property Plant And Equipment
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cohu Business Divestiture Expenses Included In Other Liabilities
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 36pt;"><b>Concentration of Credit Risk</b></p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 36pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 36pt;">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 <em style="font: inherit;">one</em> issuer.</p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 36pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 36pt;">Our trade accounts receivable are presented net of allowance for credit losses, which is determined in accordance with the guidance provided by Accounting Standards Codification (“ASC”) Topic <em style="font: inherit;">326,</em> <i>Financial Instruments-Credit Losses</i>, (“ASC <em style="font: inherit;">326”</em>). At <em style="font: inherit;"> June 25, 2022 </em>and <em style="font: inherit;"> December 25, 2021, </em>our allowance for credit losses was $0.2 million and $0.3 million, respectively. Our customers include semiconductor manufacturers and semiconductor test subcontractors throughout many areas of the world. While we believe that our allowance for credit losses is adequate and represents our best estimate at <em style="font: inherit;"> June 25, 2022, </em>we will continue to monitor customer liquidity and other economic conditions, including the impact of the COVID-<em style="font: inherit;">19</em> pandemic, which <em style="font: inherit;"> may </em>result in changes to our estimates regarding expected credit losses.</p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 36pt;"> </p>
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
200000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
300000 usd
CY2022Q2 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
93648000 usd
CY2021Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
92798000 usd
CY2022Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
41760000 usd
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
40732000 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
288000
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
240000
CY2021Q4 cohu Deferred Profit Longterm
DeferredProfitLongterm
6100000 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
27523000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
162666000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
161053000 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
136509000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
134956000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
74362000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
70999000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
62147000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
63957000 usd
CY2022Q2 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
14000000.0 usd
CY2021Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
13500000 usd
CY2022Q2 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
500000 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
1000000.0 usd
CY2021Q2 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
300000 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
700000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
217226000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
244803000 usd
CY2021Q4 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
CY2022Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
100000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
200000 usd
CY2021Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
200000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
500000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
414983000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3933000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3506000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7355000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7029000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
836000 usd
CY2021Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
180000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2462000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
414000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
3097000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
3326000 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
4893000 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
6615000 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
120000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16900000 usd
CY2021Q4 us-gaap Deferred Revenue
DeferredRevenue
21900000 usd
CY2021Q4 cohu Deferred Profit
DeferredProfit
13200000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48475000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48555000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48626000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46155000
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
453000
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
919000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
622000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1323000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48928000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49474000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49248000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47478000
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
7400000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 usd
CY2022Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0 usd
CY2022Q2 us-gaap Deferred Revenue
DeferredRevenue
18600000 usd
CY2022Q2 cohu Deferred Profit
DeferredProfit
10400000 usd
CY2022Q2 cohu Deferred Profit Longterm
DeferredProfitLongterm
5800000 usd
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-49400000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
211534000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
89738000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
470291000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
217226000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
244803000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
414983000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
470291000 usd
CY2020Q4 us-gaap Goodwill
Goodwill
252304000 usd
CY2021 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
21899000 usd
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-10614000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
219791000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-8257000 usd
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9000000.0 usd
CY2022Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
88028000 usd
CY2022Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
4000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
306748000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
150951000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
316232000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
138912000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8300000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18300000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
89738000 usd
CY2022Q2 us-gaap Line Of Credit
LineOfCredit
1849000 usd
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
3059000 usd
CY2022Q2 cohu Debt Longterm And Shortterm Combined Amount Gross
DebtLongtermAndShorttermCombinedAmountGross
92583000 usd
CY2021Q4 cohu Debt Longterm And Shortterm Combined Amount Gross
DebtLongtermAndShorttermCombinedAmountGross
119304000 usd
CY2022Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1027000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1514000 usd
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
16178000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
14397000 usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
75378000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
103393000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
71636000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
83429000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
88028000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
87495000 usd
CY2022Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
537000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
87495000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
83408000 usd
CY2022Q2 cohu Availableforsale Securities Debt Maturities Year Two Through Three Amortized Cost Basis
AvailableforsaleSecuritiesDebtMaturitiesYearTwoThroughThreeAmortizedCostBasis
16111000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
2000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
36000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
89704000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
79700000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
57000000.0 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
71917000 usd
CY2022Q2 cohu Available For Sale Securities Debt Maturities Due After One Year Through Three Years Estimated Fair Value
AvailableForSaleSecuritiesDebtMaturitiesDueAfterOneYearThroughThreeYearsEstimatedFairValue
15859000 usd
CY2021Q4 cohu Availableforsale Securities Debt Maturities Year Two Through Three Amortized Cost Basis
AvailableforsaleSecuritiesDebtMaturitiesYearTwoThroughThreeAmortizedCostBasis
6309000 usd
CY2021Q4 cohu Available For Sale Securities Debt Maturities Due After One Year Through Three Years Estimated Fair Value
AvailableForSaleSecuritiesDebtMaturitiesDueAfterOneYearThroughThreeYearsEstimatedFairValue
6296000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
89704000 usd
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
12442
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
0
cohu Profit Loss From Operating Segment
ProfitLossFromOperatingSegment
81135000 usd
CY2021Q2 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
75779000 usd
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
14000000.0 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
717808
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
20400000 usd
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M18D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.063 pure
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
470291000 usd
CY2021Q2 cohu Profit Loss From Operating Segment
ProfitLossFromOperatingSegment
42079000 usd
CY2021Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
70000000 usd
CY2022Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
504102
CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
42300000 usd
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
60000000
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
90000000
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.236 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.232 pure
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.157 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.148 pure
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
244803000 usd
CY2021Q4 cohu Lease Rightofuse Asset
LeaseRightofuseAsset
25483000 usd
CY2022Q2 cohu Lease Liability
LeaseLiability
25403000 usd
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
75664000 usd
CY2021Q2 us-gaap Interest Expense
InterestExpense
1831000 usd
us-gaap Interest Expense
InterestExpense
4406000 usd
CY2021Q2 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
94000 usd
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
144000 usd
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1761000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
112755000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
143937000 usd
CY2022Q2 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P25Y
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
23519000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
25060000 usd
CY2022Q2 cohu Lease Rightofuse Asset
LeaseRightofuseAsset
23874000 usd
CY2021Q4 cohu Lease Liability
LeaseLiability
27093000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y7M6D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y10M24D
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y6M
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.063 pure
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.010 pure
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.007 pure
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
200000 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
100000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1676000 usd
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
2027000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
3392000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
4067000 usd
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
526000 usd
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
574000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
1063000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
1126000 usd
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1000 usd
CY2021Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
34000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
2000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
67000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
26000 usd
CY2021Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
24000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
58000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
45000 usd
CY2022Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1000 usd
CY2021Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1000 usd
CY2022Q2 us-gaap Sublease Income
SubleaseIncome
18000 usd
CY2021Q2 us-gaap Sublease Income
SubleaseIncome
21000 usd
us-gaap Sublease Income
SubleaseIncome
38000 usd
us-gaap Sublease Income
SubleaseIncome
40000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
2212000 usd
CY2021Q2 us-gaap Lease Cost
LeaseCost
2639000 usd
us-gaap Lease Cost
LeaseCost
4478000 usd
us-gaap Lease Cost
LeaseCost
5266000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
3237000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
84000 usd
CY2022Q2 cohu Lessee Lease Liability Payments Remainder Of Fiscal Year
LesseeLeaseLiabilityPaymentsRemainderOfFiscalYear
3321000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5731000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
48000 usd
CY2022Q2 cohu Lessee Lease Liability Payments Due Next Twelve Months
LesseeLeaseLiabilityPaymentsDueNextTwelveMonths
5779000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5260000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
11000 usd
CY2022Q2 cohu Lessee Lease Liability Payments Due Year Two
LesseeLeaseLiabilityPaymentsDueYearTwo
5271000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5058000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
11000 usd
CY2022Q2 cohu Lessee Lease Liability Payments Due Year Three
LesseeLeaseLiabilityPaymentsDueYearThree
5069000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2738000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
3000 usd
CY2022Q2 cohu Lessee Lease Liability Payments Due Year Four
LesseeLeaseLiabilityPaymentsDueYearFour
2741000 usd
CY2022Q2 cohu Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
9586000 usd
CY2022Q2 cohu Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
0 usd
CY2022Q2 cohu Lessee Lease Liability Payments Due After Year Four
LesseeLeaseLiabilityPaymentsDueAfterYearFour
9586000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
31610000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
157000 usd
CY2022Q2 cohu Lessee Lease Liability Payments Due
LesseeLeaseLiabilityPaymentsDue
31767000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
6361000 usd
CY2022Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
3000 usd
CY2022Q2 cohu Lessee Lease Liability Undiscounted Excess Amount
LesseeLeaseLiabilityUndiscountedExcessAmount
6364000 usd
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
154000 usd
CY2022Q2 cohu Lease Liability
LeaseLiability
25403000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
3329000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
4308000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
0 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
86000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
91000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
54000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1251000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2827000 usd
CY2022Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
6847000 usd
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
7138000 usd
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
7691000 usd
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
6382000 usd
CY2022Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2596000 usd
CY2021Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
3243000 usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
4643000 usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
5652000 usd
CY2022Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2428000 usd
CY2021Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1895000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
5319000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3548000 usd
CY2022Q2 cohu Standard And Extended Product Warranty Accrual Decrease For Disposals
StandardAndExtendedProductWarrantyAccrualDecreaseForDisposals
-0 usd
CY2021Q2 cohu Standard And Extended Product Warranty Accrual Decrease For Disposals
StandardAndExtendedProductWarrantyAccrualDecreaseForDisposals
945000 usd
cohu Standard And Extended Product Warranty Accrual Decrease For Disposals
StandardAndExtendedProductWarrantyAccrualDecreaseForDisposals
-0 usd
cohu Standard And Extended Product Warranty Accrual Decrease For Disposals
StandardAndExtendedProductWarrantyAccrualDecreaseForDisposals
945000 usd
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
7015000 usd
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
7541000 usd
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
7015000 usd
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
7541000 usd

Files In Submission

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0001437749-22-018062.txt Edgar Link pending
0001437749-22-018062-xbrl.zip Edgar Link pending
cohu-20220625.xsd Edgar Link pending
cohu-20220625_cal.xml Edgar Link unprocessable
cohu-20220625_def.xml Edgar Link unprocessable
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