9.	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 and 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. After the acquisition of Xcerra on

October 1, 2018,

we have determined that our

four

identified operating segments are: Test Handler Group (THG), Semiconductor Tester Group (STG), Interface Solutions Group (ISG) and PCB Test Group (PTG). Our THG, STG and ISG operating segments qualify for aggregation under ASC

280

due to similarities in their customers, their economic characteristics, and the nature of products and services provided. As a result, we report in

two

segments, Semiconductor Test & Inspection and PCB Test. The summary below presents our current segments, Semiconductor Test & Inspection and PCB Test, for the year ended

December 29, 2018.

Prior to the acquisition of Xcerra on

October 1, 2018,

historical amounts of Cohu’s semiconductor equipment segment would have been reported in our Semiconductor Test & Inspection segment and have been presented accordingly.

(in thousands)	2018			2017			2016
Net sales by segment:
Semiconductor Test & Inspection	$	443,276		$	352,704		$	282,084
PCB Test		8,492			-			-
Total consolidated net sales for reportable segments	$	451,768		$	352,704		$	282,084
Segment profit (loss) before tax:
Semiconductor Test & Inspection	$	2,489		$	42,535		$	13,516
PCB Test		(5,154	)		-			-
Profit (loss) for reportable segments		(2,665	)		42,535			13,516
Other unallocated amounts:
Corporate expenses		(25,457	)		(7,787	)		(7,851	)
Interest expense		(4,977	)		(54	)		-
Interest income		1,187			671			342
Income (loss) from continuing operations before taxes	$	(31,912	)	$	35,365		$	6,007

(in thousands)	2018		2017		2016
Depreciation and amortization by segment deducted in arriving at profit (loss):
Semiconductor Test & Inspection	$	8,636	$	4,987	$	3,509
PCB Test		214		-		-
		8,850		4,987		3,509
Intangible amortization		17,197		4,208		6,903
Total depreciation and amortization for reportable segments	$	26,047	$	9,195	$	10,412
Capital expenditures by segment:
Semiconductor Test & Inspection	$	4,957	$	6,093	$	3,452
PCB Test		10		-		-
Total consolidated capital expenditures	$	4,967	$	6,093	$	3,452

(in thousands)	2018		2017		2016
Total assets by segment:
Semiconductor Test & Inspection	$	1,038,053	$	368,158	$	291,508
PCB Test		57,762		-		-
Total assets for reportable segments		1,095,815		368,158		291,508
Corporate, principally cash and investments		34,367		52,299		54,004
Discontinued operations		3,820		-		-
Total consolidated assets	$	1,134,002	$	420,457	$	345,512

During the last

three

years, the following customers of our Semiconductor Test & Inspection segment that comprised

10%

or greater of our consolidated net sales were as follows:

	2018		2017			2016
Intel		*		11.2	%		17.2	%
NXP Semiconductors N.V.		*		15.9	%		13.7	%

single customer exceeded

10%

of consolidated net sales for the year ended

December 29, 2018.

customer of our PCB Test segment exceeded

10%

of consolidated net sales for the year ended

December 29, 2018.

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

(in thousands)	2018		2017		2016
China	$	90,255	$	82,474	$	60,291
Malaysia		61,793		80,102		85,956
United States		61,177		38,729		35,204
Philippines		46,421		26,268		16,922
Rest of the World		192,122		125,131		83,711
Total, net	$	451,768	$	352,704	$	282,084

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

(in thousands)	2018		2017
Property, plant and equipment:
Germany	$	21,655	$	7,485
United States		20,417		3,064
Japan		11,905		12,137
Malaysia		10,535		4,622
Philippines		5,842		5,808
Rest of the World		3,978		1,056
Total, net	$	74,332	$	34,172

Goodwill and other intangible assets:
Germany	$	249,605	$	30,546
United States		228,022		17,242
Malaysia		43,569		7,078
Singapore		15,173		6,558
Switzerland		11,604		15,450
Japan		4,138		4,491
Rest of the World		8,977		996
Total, net	$	561,088	$	82,361