10-Q Filing

COHU INC CIK: 21535 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-207501`
Period End Date	20130331
Filing Date	20130508
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	cohu-20130330.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 93 Income Statement 30 Cash Flow Statement 59 Comprehensive Income 12

Balance Sheet 93 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.26M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$102.81M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesCurrent`	$7.31M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesCurrent`	$7.42M	USD	Point-in-time
Accounts receivable, net	`AccountsAndOtherReceivablesNetCurrent`	$36.99M	USD	Point-in-time
Accounts receivable, net	`AccountsAndOtherReceivablesNetCurrent`	$56.52M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.71M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.63M	shares	Point-in-time
Raw materials and purchased parts	`InventoryRawMaterialsAndPurchasedPartsNetOfReserves`	$42.99M	USD	Point-in-time
Raw materials and purchased parts	`InventoryRawMaterialsAndPurchasedPartsNetOfReserves`	$37.14M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.63M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.71M	shares	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$20.05M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$14.96M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$10.27M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$10.23M	USD	Point-in-time
Total inventories	`InventoryNet`	$73.30M	USD	Point-in-time
Total inventories	`InventoryNet`	$62.33M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$4.75M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$6.10M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.57M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.79M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$221.08M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$193.19M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$11.97M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$12.11M	USD	Point-in-time
Buildings and building improvements	`BuildingsAndImprovementsGross`	$31.41M	USD	Point-in-time
Buildings and building improvements	`BuildingsAndImprovementsGross`	$31.21M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$40.11M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$41.22M	USD	Point-in-time
Property plant and equipment, gross	`PropertyPlantAndEquipmentGross`	$83.42M	USD	Point-in-time
Property plant and equipment, gross	`PropertyPlantAndEquipmentGross`	$84.60M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$47.96M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$48.90M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$35.46M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$35.70M	USD	Point-in-time
Goodwill	`Goodwill`	$76.27M	USD	Point-in-time
Goodwill	`Goodwill`	$58.06M	USD	Point-in-time
Goodwill	`Goodwill`	$58.76M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$18.98M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$41.13M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$593.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$703.00K	USD	Point-in-time
Total consolidated assets	`Assets`	$347.00M	USD	Point-in-time
Total consolidated assets	`Assets`	$334.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.22M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$10.27M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$14.22M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrualClassifiedCurrent`	$6.73M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrualClassifiedCurrent`	$4.69M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrualClassifiedCurrent`	$5.34M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrualClassifiedCurrent`	$6.80M	USD	Point-in-time
Deferred profit	`DeferredProfit`	$5.56M	USD	Point-in-time
Deferred profit	`DeferredProfit`	$2.14M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.11M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.01M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$9.13M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$4.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$54.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$36.38M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesNoncurrent`	$13.97M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesNoncurrent`	$5.85M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$11.75M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$14.01M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $1 par value; 1,000 shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $1 par value; 1,000 shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $1 par value; 60,000 shares authorized, 24,713 shares issued and outstanding in 2013 and 24,632 shares in 2012	`CommonStockValue`	$24.71M	USD	Point-in-time
Common stock, $1 par value; 60,000 shares authorized, 24,713 shares issued and outstanding in 2013 and 24,632 shares in 2012	`CommonStockValue`	$24.63M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$84.47M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$83.55M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$157.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$170.94M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.78M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.16M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$280.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$264.37M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$347.00M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$334.87M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$53.30M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$56.02M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$37.76M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$40.43M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$8.37M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$13.46M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$15.05M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$10.88M	USD	1 Quarter
Total cost and expenses	`CostsAndExpenses`	$57.00M	USD	1 Quarter
Total cost and expenses	`CostsAndExpenses`	$68.94M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.71M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-12.93M	USD	1 Quarter
Interest and other, net	`InvestmentIncomeInterest`	$10.00K	USD	1 Quarter
Interest and other, net	`InvestmentIncomeInterest`	$92.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.62M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-12.92M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-391.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-816.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.22M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.49	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.13	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.13	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.49	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.66M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.35M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.66M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.35M	shares	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-12.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.22M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.13M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.44M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$1.04M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$1.42M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-23.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-751.00K	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$33.00K	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$257.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.67M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.73M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.21M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-59.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$711.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$504.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-982.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.20M	USD	1 Quarter
Deferred profit	`IncreaseDecreaseInDeferredRevenue`	$-519.00K	USD	1 Quarter
Deferred profit	`IncreaseDecreaseInDeferredRevenue`	$3.33M	USD	1 Quarter
Income taxes payable, including excess stock option exercise benefit	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$902.00K	USD	1 Quarter
Income taxes payable, including excess stock option exercise benefit	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$421.00K	USD	1 Quarter
Accrued compensation, warranty and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-2.31M	USD	1 Quarter
Accrued compensation, warranty and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.73M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.50M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$675.00K	USD	1 Quarter
Payment for purchase of Ismeca, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$53.46M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireAvailableForSaleSecurities`	$20.15M	USD	1 Quarter
Sales and maturities of short-term investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$18.10M	USD	1 Quarter
Sales and maturities of short-term investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$113.00K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$209.00K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$957.00K	USD	1 Quarter
Other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$17.00K	USD	1 Quarter
Other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$-11.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.03M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-53.55M	USD	1 Quarter
Cash dividends	`PaymentsOfDividendsCommonStock`	$1.46M	USD	1 Quarter
Issuance of stock, net of repurchases	`ProceedsFromRepurchaseOfEquity`	$231.00K	USD	1 Quarter
Issuance of stock, net of repurchases	`ProceedsFromRepurchaseOfEquity`	$-419.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.23M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-419.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-945.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$787.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-61.41M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.80M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$53.26M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$41.39M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$50.47M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$102.81M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$53.26M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$41.39M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$50.47M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$102.81M	USD	Point-in-time
Income tax refunds received	`ProceedsFromIncomeTaxRefunds`	$279.00K	USD	1 Quarter
Income tax refunds received	`ProceedsFromIncomeTaxRefunds`	$1.46M	USD	1 Quarter
Inventory capitalized as property, plant and equipment	`InventoryCapitalizedAsPropertyPlantAndEquipment`	$390.00K	USD	1 Quarter
Inventory capitalized as property, plant and equipment	`InventoryCapitalizedAsPropertyPlantAndEquipment`	$415.00K	USD	1 Quarter
Dividends declared but not yet paid	`DividendsPayableCurrentAndNoncurrent`	$1.48M	USD	Point-in-time
Dividends declared but not yet paid	`DividendsPayableCurrentAndNoncurrent`	$1.46M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-12.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.22M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.58M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.00M	USD	1 Quarter
Adjustments related to postretirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-32.00K	USD	1 Quarter
Adjustments related to postretirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-59.00K	USD	1 Quarter
Change in unrealized gain/loss on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$12.00K	USD	1 Quarter
Change in unrealized gain/loss on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-3.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-3.95M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$2.63M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-16.05M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-597.00K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.