Industry Segments

3 Months Ended

Mar. 28, 2015

Segment Reporting [Abstract]

Industry Segments

8. Industry Segments

Our reportable segments are business units that offer different products and are managed separately because each business requires different technology and marketing strategies. As discussed in Note 2, in June 2014, we sold substantially all the assets of Cohu Electronics, which comprised our video camera segment and have presented financial information for this segment as discontinued operations. Subsequent to this transaction Cohu’s remaining reportable segments are semiconductor and microwave communications equipment.

We allocate resources and evaluate the performance of segments based on profit or loss from operations, excluding interest, corporate expenses and unusual gains or losses. Intersegment sales were not significant for any period.

Financial information by industry segment is as follows (in thousands):

	Three Months Ended
	March 28,			March 29,
	2015			2014
Net sales by segment:
Semiconductor equipment	$	63,447		$	60,170
Microwave communications equipment		4,621			4,694
Consolidated net sales for reportable segments	$	68,068		$	64,864
Segment profit (loss):
Semiconductor equipment	$	1,236		$	(825	)
Microwave communications equipment		(926	)		(539	)
Profit (loss) for reportable segments		310			(1,364	)
Other unallocated amounts:
Corporate expenses		(2,015	)		(2,059	)
Interest and other, net		6			15
Loss from continuing operations before taxes	$	(1,699	)	$	(3,408	)

A small number of customers of our semiconductor equipment segment historically have been responsible for a significant portion of our consolidated net sales. Significant customer concentration information is as follows (in thousands):

	Three Months Ended
	March 28,	March 29,
	2015	2014
Customers individually accounting for more than 10% of consolidated net sales	two	two
Percentage of consolidated net sales	31%	27%