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 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 Test 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

three

months ended

June 29, 2019

and

June 30, 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.

Financial information by reportable segment is as follows

(in thousands)

	Three Months Ended						Six Months Ended
	June 29,			June 30,			June 29,			June 30,
Net sales by segment:	2019			2018			2019			2018
Semiconductor Test & Inspection	$	137,578		$	99,817		$	274,272		$	194,967
PCB Test		12,433			-			23,548			-
Total consolidated net sales for reportable segments	$	150,011		$	99,817		$	297,820		$	194,967

Segment profit (loss) before tax:
Semiconductor Test & Inspection	$	(14,400	)	$	18,997		$	(29,444	)	$	31,132
PCB Test		740			-			1,759			-
Profit (loss) for reportable segments		(13,660	)		18,997			(27,685	)		31,132

Other unallocated amounts:
Corporate expenses		(1,548	)		(5,199	)		(5,289	)		(7,321	)
Interest expense		(5,282	)		(11	)		(10,789	)		(22	)
Interest income		191			329			413			576
Income (loss) from continuing operations before taxes	$	(20,299	)	$	14,116		$	(43,350	)	$	24,365

The following table summarizes our total assets by reportable business segment

(in thousands)

	June 29,		December 29,
	2019		2018
Semiconductor Test & Inspection	$	1,021,348	$	1,038,053
PCB Test		62,031		57,762
Total assets for reportable segments		1,083,379		1,095,815
Corporate, principally cash and investments		15,960		34,367
Discontinued operations		4,165		3,820
Total consolidated assets	$	1,103,504	$	1,134,002

For revenues by geography and information on customer concentration, see Note

“Summary of Significant Accounting Policies”.