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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Jun. 29, 2019
Jun. 30, 2018
Net sales [1] $ 150,011 $ 99,817 $ 297,820 $ 194,967
Cost and expenses:        
Cost of sales (1) [2] 87,605 57,677 180,999 112,600
Research and development 22,108 11,051 44,841 22,826
Selling, general and administrative 36,428 19,303 74,714 35,089
Amortization of purchased intangible assets 9,987 1,019 20,006 2,093
Restructuring charges 8,545 9,906
164,673 89,050 330,466 172,608
Income (loss) from operations (14,662) 10,767 (32,646) 22,359
Other (expense) income:        
Interest expense (5,282) (11) (10,789) (22)
Interest income 191 329 413 576
Foreign transaction gain (loss) and other (546) 3,031 (328) 1,452
Income (loss) from continuing operations before taxes (20,299) 14,116 (43,350) 24,365
Income tax provision (benefit) (916) 2,468 (1,116) 4,595
Income (loss) from continuing operations (19,383) 11,648 (42,234) 19,770
Income from discontinued operations, net of tax 24 188
Net income (loss) (19,359) 11,648 (42,046) 19,770
Net loss attributable to noncontrolling interest (36) (80)
Net income (loss) attributable to Cohu $ (19,323) $ 11,648 $ (41,966) $ 19,770
Weighted average shares used in computing income (loss) per share:        
Basic (in shares) 41,125 28,893 40,999 28,747
Diluted (in shares) 41,125 29,651 40,999 29,591
Cash dividends declared per share (in dollars per share) $ 0.06 $ 0.06 $ 0.12 $ 0.12
Basic:        
Income (loss) from continuing operations before noncontrolling interest (in dollars per share) (0.47) 0.40 (1.03) 0.69
Income from discontinued operations (in dollars per share) 0 0.01
Net loss attributable to noncontrolling interest (in dollars per share) 0 0
Net income (loss) attributable to Cohu (in dollars per share) (0.47) 0.40 (1.02) 0.69
Diluted:        
Income (loss) from continuing operations before noncontrolling interest (in dollars per share) (0.47) 0.39 (1.03) 0.67
Income from discontinued operations (in dollars per share) 0 0.01
Net loss attributable to noncontrolling interest (in dollars per share) 0 0
Net income (loss) attributable to Cohu (in dollars per share) $ (0.47) $ 0.39 $ (1.02) $ 0.67
[1] After the acquisition of Xcerra on October 1, 2018 we report in two segments, Semiconductor Test & Inspection and PCB Test. Cohu's historical reported net sales would have been reported in our Semiconductor Test & Inspection segment and have been presented accordingly.
[2] Excludes amortization of $7,625 and $639 for the three months ended June 29, 2019, and June 30, 2018, respectively, and $15,266 and $1,315 for the six months ended June 29, 2019, and June 30, 2018, respectively.