XML 33 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 28, 2015
Mar. 29, 2014
Cash flows from operating activities:    
Net loss $ (2,740)us-gaap_NetIncomeLoss $ (3,347)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Asset impairment charge 273us-gaap_AssetImpairmentCharges  
Operating cash flows of discontinued operations   (61)us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
Depreciation and amortization 2,913us-gaap_DepreciationDepletionAndAmortization 3,424us-gaap_DepreciationDepletionAndAmortization
Share-based compensation expense 1,729us-gaap_ShareBasedCompensation 1,481us-gaap_ShareBasedCompensation
Deferred income taxes (781)us-gaap_DeferredIncomeTaxExpenseBenefit (415)us-gaap_DeferredIncomeTaxExpenseBenefit
Other accrued liabilities 217us-gaap_IncreaseDecreaseInOtherAccruedLiabilities 133us-gaap_IncreaseDecreaseInOtherAccruedLiabilities
Changes in other assets (78)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets  
Changes in current assets and liabilities, excluding effects from acquisitions and divestitures:    
Accounts receivable 6,171us-gaap_IncreaseDecreaseInAccountsReceivable (5,912)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (4,466)us-gaap_IncreaseDecreaseInInventories (3,641)us-gaap_IncreaseDecreaseInInventories
Other current assets 678us-gaap_IncreaseDecreaseInOtherCurrentAssets (1,147)us-gaap_IncreaseDecreaseInOtherCurrentAssets
Accounts payable 5,275us-gaap_IncreaseDecreaseInAccountsPayable 911us-gaap_IncreaseDecreaseInAccountsPayable
Deferred profit 387us-gaap_IncreaseDecreaseInDeferredRevenue 265us-gaap_IncreaseDecreaseInDeferredRevenue
Income taxes payable, including excess stock option exercise benefit 505us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable (44)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Accrued compensation, warranty and other liabilities (5,868)us-gaap_IncreaseDecreaseInAccruedLiabilities (589)us-gaap_IncreaseDecreaseInAccruedLiabilities
Net cash provided by (used in) operating activities 4,215us-gaap_NetCashProvidedByUsedInOperatingActivities (8,942)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities, excluding effects from acquisitions and divestitures:    
Sales and maturities of short-term investments 45us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities 125us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
Purchases of property, plant and equipment (1,071)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (722)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Changes in other assets   111us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Investing cash flows of discontinued operations   (8)us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
Net cash used in investing activities (1,026)us-gaap_NetCashProvidedByUsedInInvestingActivities (494)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Cash dividends paid (1,539)us-gaap_PaymentsOfDividendsCommonStock (1,504)us-gaap_PaymentsOfDividendsCommonStock
Repurchase of common stock (1,230)us-gaap_PaymentsForRepurchaseOfCommonStock (765)us-gaap_PaymentsForRepurchaseOfCommonStock
Net cash used in financing activities (2,769)us-gaap_NetCashProvidedByUsedInFinancingActivities (2,269)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash and cash equivalents (2,696)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 80us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net decrease in cash and cash equivalents (2,276)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (11,625)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 70,885us-gaap_CashAndCashEquivalentsAtCarryingValue [1] 51,668us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 68,609us-gaap_CashAndCashEquivalentsAtCarryingValue 40,043us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow information:    
Cash paid (refunded) for income taxes (703)us-gaap_IncomeTaxesPaidNet 310us-gaap_IncomeTaxesPaidNet
Inventory capitalized as property, plant and equipment 108cohu_InventoryCapitalizedAsPropertyPlantAndEquipment 61cohu_InventoryCapitalizedAsPropertyPlantAndEquipment
Dividends declared but not yet paid $ 1,543us-gaap_DividendsPayableCurrentAndNoncurrent $ 1,507us-gaap_DividendsPayableCurrentAndNoncurrent
[1] Derived from December 27, 2014 audited financial statements