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Note 8 - Segment and Geographic Information
 9 Months Ended
Sep. 28, 2019
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
8.
Segment and Geographic Information
 
The summary below presents our current segments, Semiconductor Test & Inspection and PCB Test, for the
three
- and
nine
-month periods ended
September 28, 2019
and
September 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.
 
Financial information by reportable segment is as follows
(in thousands)
:
 
   
Three Months Ended
    
Nine Months Ended
  
   
September 28,
    
September 29,
    
September 28,
    
September 29,
  
Net sales by segment:
  
2019
    
2018
    
2019
    
2018
  
Semiconductor Test & Inspection
   $
132,820
     $
86,164
     $
407,092
     $
281,131
  
PCB Test
    
10,678
      
-
      
34,226
      
-
  
Total consolidated net sales for reportable segments
   $
143,498
     $
86,164
     $
441,318
     $
281,131
  
                                 
Segment profit (loss) before tax:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Semiconductor Test & Inspection
   $
(2,929
 )   $
9,941
     $
(32,373
 )   $
41,073
  
PCB Test
    
612
      
-
      
2,371
      
-
  
Profit (loss) for reportable segments
    
(2,317
 )    
9,941
      
(30,002
 )    
41,073
  
                                 
Other unallocated amounts:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Corporate expenses
    
(2,076
 )    
(3,162
 )    
(7,365
 )    
(10,483
 )
Interest expense
    
(5,000
 )    
(11
 )    
(15,789
 )    
(33
 )
Interest income
    
190
      
337
      
603
      
913
  
Income (loss) from continuing operations before taxes
   $
(9,203
 )   $
7,105
     $
(52,553
 )   $
31,470
  
 
The following table summarizes our total assets by reportable business segment
(in thousands)
:
 
   
September 28,
    
December 29,
  
   
2019
    
2018
  
Semiconductor Test & Inspection
   $
994,248
     $
1,038,053
  
PCB Test
    
57,739
      
57,762
  
Total assets for reportable segments
    
1,051,987
      
1,095,815
  
Corporate, principally cash and investments
    
15,759
      
34,367
  
Discontinued operations
    
3,863
      
3,820
  
Total consolidated assets
   $
1,071,609
     $
1,134,002
  
 
For revenues by geography and information on customer concentration, see Note
1,
“Summary of Significant Accounting Policies”.