Note 8 - Segment and Geographic Information

12 Months Ended

Dec. 26, 2015

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

8.     Segment and Geographic Information

We applied the provisions of ASC Topic 280,

Segment Reporting

, (“ASC 280”) which sets forth a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products, major customers and the geographies in which the entity holds material assets and reports revenue. An operating segment is defined as a component that engages in business activities whose operating results are reviewed by the chief operating decision maker and for which discrete financial information is available. Based on the provisions of ASC 280, we have determined that our identified operating segments qualify for aggregation under ASC 280 due to their similarities in customer base, economic characteristics, and the nature of products and services provided and, as a result we report in one segment, semiconductor equipment. As a result, the financial information disclosed herein materially represents all of the financial information related to our semiconductor equipment segment.

During the last three years, the following customers comprised 10% or greater of our consolidated net sales:

	2015			2014			2013
Intel		18.0	%		15.7	%		18.5	%
NXP Semiconductors N.V. (1)		11.4	%		11.4	%		13.5	%

(1) The merger of NXP Semiconductors N.V. and Freescale Semiconductor, Ltd. was completed on December 7, 2015. Sales to these customers have been combined for all periods presented.

COHU, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

Net sales to customers, attributed to countries based on product shipment destination, were as follows:

(in thousands)	2015		2014		2013
Malaysia	$	60,776	$	73,818	$	51,491
China		52,589		51,662		39,202
United States		50,704		72,266		39,504
Philippines		16,270		28,669		26,489
Rest of the World		89,315		90,214		57,825
Total	$	269,654	$	316,629	$	214,511

Geographic location of our property, plant and equipment and other long-lived assets was as follows

:

(in thousands)	2015		2014
Property, plant and equipment:
United States	$	3,054	$	18,986
Germany		6,882		7,484
Philippines		4,171		2,721
Malaysia		4,165		1,838
Rest of the World		728		825
Total, net	$	19,000	$	31,854
Goodwill and other intangible assets:
Germany	$	31,337	$	38,527
Switzerland		22,444		25,921
United States		17,241		17,241
Malaysia		6,995		6,988
Singapore		6,558		6,558
Rest of the World		986		984
Total, net	$	85,561	$	96,219