10-Q Filing

COHU INC CIK: 21535 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-180187`
Period End Date	20140331
Filing Date	20140502
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	cohu-20140329.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 95 Income Statement 30 Cash Flow Statement 58 Comprehensive Income 12

Balance Sheet 95 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$40.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$51.67M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$102.81M	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesCurrent`	$1.20M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesCurrent`	$1.07M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Accounts receivable, net	`AccountsAndOtherReceivablesNetCurrent`	$60.76M	USD	Point-in-time
Accounts receivable, net	`AccountsAndOtherReceivablesNetCurrent`	$66.96M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.08M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.25M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.08M	shares	Point-in-time
Raw materials and purchased parts	`InventoryRawMaterialsAndPurchasedPartsNetOfReserves`	$25.71M	USD	Point-in-time
Raw materials and purchased parts	`InventoryRawMaterialsAndPurchasedPartsNetOfReserves`	$29.43M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.25M	shares	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$24.44M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$18.07M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$11.48M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$12.30M	USD	Point-in-time
Total inventories	`InventoryNet`	$58.98M	USD	Point-in-time
Total inventories	`InventoryNet`	$62.45M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$5.66M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$5.52M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.87M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$186.06M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$186.85M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$12.29M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$12.29M	USD	Point-in-time
Buildings and building improvements	`BuildingsAndImprovementsGross`	$32.44M	USD	Point-in-time
Buildings and building improvements	`BuildingsAndImprovementsGross`	$32.21M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$44.72M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$44.53M	USD	Point-in-time
Property plant and equipment, gross	`PropertyPlantAndEquipmentGross`	$89.45M	USD	Point-in-time
Property plant and equipment, gross	`PropertyPlantAndEquipmentGross`	$89.03M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$52.80M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$53.79M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$36.23M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$35.66M	USD	Point-in-time
Goodwill	`Goodwill`	$58.76M	USD	Point-in-time
Goodwill	`Goodwill`	$71.31M	USD	Point-in-time
Goodwill	`Goodwill`	$71.38M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$45.31M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$43.39M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.61M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.72M	USD	Point-in-time
Total consolidated assets	`Assets`	$342.09M	USD	Point-in-time
Total consolidated assets	`Assets`	$345.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$26.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$26.02M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$14.67M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$15.05M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrualClassifiedCurrent`	$4.69M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrualClassifiedCurrent`	$5.25M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrualClassifiedCurrent`	$4.91M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrualClassifiedCurrent`	$5.34M	USD	Point-in-time
Deferred profit	`DeferredProfit`	$6.33M	USD	Point-in-time
Deferred profit	`DeferredProfit`	$6.07M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$805.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$846.00K	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$7.82M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$7.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$61.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$61.01M	USD	Point-in-time
Accrued retirement benefits	`PostemploymentBenefitsLiabilityNoncurrent`	$10.98M	USD	Point-in-time
Accrued retirement benefits	`PostemploymentBenefitsLiabilityNoncurrent`	$10.84M	USD	Point-in-time
Noncurrent income tax liabilities	`AccruedIncomeTaxesNoncurrent`	$7.49M	USD	Point-in-time
Noncurrent income tax liabilities	`AccruedIncomeTaxesNoncurrent`	$7.46M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$12.67M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$12.95M	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, 25,248 shares issued and outstanding in 2014 and 25,080 shares in 2013	`CommonStockValue`	$25.08M	USD	Point-in-time
Common stock, $1 par value; 60,000 shares authorized, 25,248 shares issued and outstanding in 2014 and 25,080 shares in 2013	`CommonStockValue`	$25.25M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$89.88M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$90.47M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$131.55M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$126.69M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.65M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.98M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$249.39M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$253.16M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$342.09M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$345.42M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$56.02M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$68.42M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$44.62M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$40.43M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$11.17M	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`	$16.05M	USD	1 Quarter
Total cost and expenses	`CostsAndExpenses`	$71.83M	USD	1 Quarter
Total cost and expenses	`CostsAndExpenses`	$68.94M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-12.93M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.42M	USD	1 Quarter
Interest and other, net	`InvestmentIncomeNet`	$10.00K	USD	1 Quarter
Interest and other, net	`InvestmentIncomeNet`	$15.00K	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-12.92M	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.40M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-816.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-56.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.35M	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`	25.12M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.66M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.12M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.66M	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 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-12.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.35M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.45M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.13M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$1.52M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$1.42M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-415.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-751.00K	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$257.00K	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$133.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.73M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.20M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.21M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.54M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.14M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$504.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-982.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$925.00K	USD	1 Quarter
Deferred profit	`IncreaseDecreaseInDeferredRevenue`	$3.33M	USD	1 Quarter
Deferred profit	`IncreaseDecreaseInDeferredRevenue`	$265.00K	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`	$72.00K	USD	1 Quarter
Accrued compensation, warranty and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.73M	USD	1 Quarter
Accrued compensation, warranty and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-664.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-6.50M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-8.94M	USD	1 Quarter
Payment for purchase of Ismeca, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$53.46M	USD	1 Quarter
Sales and maturities of short-term investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$125.00K	USD	1 Quarter
Sales and maturities of short-term investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$113.00K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$730.00K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$209.00K	USD	1 Quarter
Other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$-111.00K	USD	1 Quarter
Other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$-11.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-53.55M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-494.00K	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.50M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$419.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$765.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-419.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.27M	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`	$80.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-61.41M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-11.62M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$40.04M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$51.67M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$102.81M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$41.39M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$40.04M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$51.67M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$102.81M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$41.39M	USD	Point-in-time
Cash paid (refunded) for income taxes	`IncomeTaxesPaidNet`	$-1.46M	USD	1 Quarter
Cash paid (refunded) for income taxes	`IncomeTaxesPaidNet`	$310.00K	USD	1 Quarter
Inventory capitalized as property, plant and equipment	`InventoryCapitalizedAsPropertyPlantAndEquipment`	$61.00K	USD	1 Quarter
Inventory capitalized as property, plant and equipment	`InventoryCapitalizedAsPropertyPlantAndEquipment`	$390.00K	USD	1 Quarter
Dividends declared but not yet paid	`DividendsPayableCurrentAndNoncurrent`	$1.48M	USD	Point-in-time
Dividends declared but not yet paid	`DividendsPayableCurrentAndNoncurrent`	$1.51M	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`	$-3.35M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$285.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.00M	USD	1 Quarter
Adjustments related to postretirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-59.00K	USD	1 Quarter
Adjustments related to postretirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-44.00K	USD	1 Quarter
Change in unrealized gain/loss on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	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`	$329.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-16.05M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.02M	USD	1 Quarter

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