10-Q Filing

COHU INC CIK: 21535 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001193125-15-168264`
Period End Date	20150331
Filing Date	20150504
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	cohu-20150328.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 95 Income Statement 39 Cash Flow Statement 61 Comprehensive Income 10

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`	$70.89M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$68.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$51.67M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$40.04M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesCurrent`	$1.11M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesCurrent`	$1.16M	USD	Point-in-time
Accounts receivable, net	`AccountsAndOtherReceivablesNetCurrent`	$67.23M	USD	Point-in-time
Accounts receivable, net	`AccountsAndOtherReceivablesNetCurrent`	$73.65M	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`	25.91M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.69M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.91M	shares	Point-in-time
Raw materials and purchased parts	`InventoryRawMaterialsAndPurchasedPartsNetOfReserves`	$29.29M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.69M	shares	Point-in-time
Raw materials and purchased parts	`InventoryRawMaterialsAndPurchasedPartsNetOfReserves`	$26.73M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$22.49M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$21.74M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$6.59M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$7.07M	USD	Point-in-time
Total inventories	`InventoryNet`	$58.37M	USD	Point-in-time
Total inventories	`InventoryNet`	$55.55M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.83M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$4.41M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$8.79M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$9.18M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$214.82M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$207.94M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$11.76M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$11.34M	USD	Point-in-time
Buildings and building improvements	`BuildingsAndImprovementsGross`	$31.12M	USD	Point-in-time
Buildings and building improvements	`BuildingsAndImprovementsGross`	$30.90M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$41.64M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$42.35M	USD	Point-in-time
Property plant and equipment, gross	`PropertyPlantAndEquipmentGross`	$85.24M	USD	Point-in-time
Property plant and equipment, gross	`PropertyPlantAndEquipmentGross`	$83.88M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$53.13M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$53.38M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$30.75M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$31.85M	USD	Point-in-time
Goodwill	`Goodwill`	$63.13M	USD	Point-in-time
Goodwill	`Goodwill`	$60.33M	USD	Point-in-time
Goodwill	`Goodwill`	$71.31M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$31.04M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$33.09M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.93M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.42M	USD	Point-in-time
Total consolidated assets	`Assets`	$335.48M	USD	Point-in-time
Total consolidated assets	`Assets`	$348.82M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$25.96M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$30.48M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$19.64M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$13.70M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrualClassifiedCurrent`	$5.11M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrualClassifiedCurrent`	$4.54M	USD	Point-in-time
Deferred profit	`DeferredProfit`	$7.45M	USD	Point-in-time
Deferred profit	`DeferredProfit`	$7.72M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.73M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.13M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$7.18M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$6.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$68.48M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$66.75M	USD	Point-in-time
Accrued retirement benefits	`PostemploymentBenefitsLiabilityNoncurrent`	$13.81M	USD	Point-in-time
Accrued retirement benefits	`PostemploymentBenefitsLiabilityNoncurrent`	$15.28M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$10.25M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$11.06M	USD	Point-in-time
Noncurrent income tax liabilities	`AccruedIncomeTaxesNoncurrent`	$7.12M	USD	Point-in-time
Noncurrent income tax liabilities	`AccruedIncomeTaxesNoncurrent`	$7.32M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesNoncurrent`	$1.07M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesNoncurrent`	$1.19M	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, 25,908 shares issued and outstanding in 2015 and 25,692 shares in 2014	`CommonStockValue`	$25.91M	USD	Point-in-time
Common stock, $1 par value; 60,000 shares authorized, 25,908 shares issued and outstanding in 2015 and 25,692 shares in 2014	`CommonStockValue`	$25.69M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$97.94M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$98.22M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$129.87M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$134.15M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-10.71M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.11M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$247.07M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$234.89M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$348.82M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$335.48M	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$64.86M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$68.07M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$46.31M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$42.66M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$9.63M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$10.56M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$15.06M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$13.84M	USD	1 Quarter
Total cost and expenses	`CostsAndExpenses`	$69.77M	USD	1 Quarter
Total cost and expenses	`CostsAndExpenses`	$68.29M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.42M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.71M	USD	1 Quarter
Interest and other, net	`InterestAndOtherIncome`	$6.00K	USD	1 Quarter
Interest and other, net	`InterestAndOtherIncome`	$15.00K	USD	1 Quarter
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.70M	USD	1 Quarter
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.41M	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$-56.00K	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$1.04M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-3.35M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-2.74M	USD	1 Quarter
Income from discontinued operations, net of tax (Note 2)	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$5.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.35M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.74M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.11	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.13	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Net loss	`EarningsPerShareBasic`	$-0.11	USD	1 Quarter
Net loss	`EarningsPerShareBasic`	$-0.13	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.11	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.13	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Net loss	`EarningsPerShareDiluted`	$-0.11	USD	1 Quarter
Net loss	`EarningsPerShareDiluted`	$-0.13	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.75M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.12M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.12M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.75M	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 61 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.35M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.74M	USD	1 Quarter
Asset impairment charge	`AssetImpairmentCharges`	$273.00K	USD	1 Quarter
Operating cash flows of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-61.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.42M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.91M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$1.73M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$1.48M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-781.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-415.00K	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$133.00K	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$217.00K	USD	1 Quarter
Changes in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$78.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.17M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.91M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.64M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$4.47M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.15M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-678.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$911.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.28M	USD	1 Quarter
Deferred profit	`IncreaseDecreaseInDeferredRevenue`	$265.00K	USD	1 Quarter
Deferred profit	`IncreaseDecreaseInDeferredRevenue`	$387.00K	USD	1 Quarter
Income taxes payable, including excess stock option exercise benefit	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-44.00K	USD	1 Quarter
Income taxes payable, including excess stock option exercise benefit	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$505.00K	USD	1 Quarter
Accrued compensation, warranty and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-589.00K	USD	1 Quarter
Accrued compensation, warranty and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-5.87M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.94M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.21M	USD	1 Quarter
Sales and maturities of short-term investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$125.00K	USD	1 Quarter
Sales and maturities of short-term investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$45.00K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$722.00K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.07M	USD	1 Quarter
Changes in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$-111.00K	USD	1 Quarter
Investing cash flows of discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-8.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.03M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-494.00K	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.54M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.50M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.23M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$765.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.77M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.27M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$80.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.70M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-11.62M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.28M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$70.89M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$68.61M	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`	$40.04M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$70.89M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$68.61M	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`	$40.04M	USD	Point-in-time
Cash paid (refunded) for income taxes	`IncomeTaxesPaidNet`	$310.00K	USD	1 Quarter
Cash paid (refunded) for income taxes	`IncomeTaxesPaidNet`	$-703.00K	USD	1 Quarter
Inventory capitalized as property, plant and equipment	`InventoryCapitalizedAsPropertyPlantAndEquipment`	$61.00K	USD	1 Quarter
Inventory capitalized as property, plant and equipment	`InventoryCapitalizedAsPropertyPlantAndEquipment`	$108.00K	USD	1 Quarter
Dividends declared but not yet paid	`DividendsPayableCurrentAndNoncurrent`	$1.54M	USD	Point-in-time
Dividends declared but not yet paid	`DividendsPayableCurrentAndNoncurrent`	$1.51M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.35M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.74M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.34M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$285.00K	USD	1 Quarter
Adjustments related to postretirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$55.00K	USD	1 Quarter
Adjustments related to postretirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-44.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-8.40M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$329.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.02M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-11.14M	USD	1 Quarter

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