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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Sep. 28, 2019
Sep. 29, 2018
Net sales [1] $ 143,498 $ 86,164 $ 441,318 $ 281,131
Cost and expenses:        
Cost of sales (1) [2] 84,565 51,142 265,564 163,742
Research and development 20,483 11,088 65,324 33,914
Selling, general and administrative 33,690 15,899 108,404 50,988
Amortization of purchased intangible assets 9,969 1,024 29,975 3,117
Restructuring charges 814 10,720
149,521 79,153 479,987 251,761
Income (loss) from operations (6,023) 7,011 (38,669) 29,370
Other (expense) income:        
Interest expense (5,000) (11) (15,789) (33)
Interest income 190 337 603 913
Foreign transaction gain (loss) 1,630 (232) 1,302 1,220
Income (loss) from continuing operations before taxes (9,203) 7,105 (52,553) 31,470
Income tax provision 1,277 2,302 161 6,897
Income (loss) from continuing operations (10,480) 4,803 (52,714) 24,573
Income from discontinued operations, net of tax 154 342
Net income (loss) (10,326) 4,803 (52,372) 24,573
Net income attributable to noncontrolling interest 142 62
Net income (loss) attributable to Cohu $ (10,468) $ 4,803 $ (52,434) $ 24,573
Weighted average shares used in computing income (loss) per share:        
Basic (in shares) 41,229 28,948 41,075 28,814
Diluted (in shares) 41,229 29,770 41,075 29,650
Cash dividends declared per share (in dollars per share) $ 0.06 $ 0.06 $ 0.18 $ 0.18
Basic:        
Income (loss) from continuing operations before noncontrolling interest (in dollars per share) (0.25) 0.17 (1.28) 0.85
Income from discontinued operations (in dollars per share) 0 0
Net income attributable to noncontrolling interest (in dollars per share) 0 0
Net income (loss) attributable to Cohu (in dollars per share) (0.25) 0.17 (1.28) 0.85
Diluted:        
Income (loss) from continuing operations before noncontrolling interest (in dollars per share) (0.25) 0.16 (1.28) 0.83
Income from discontinued operations (in dollars per share) 0 0
Net income attributable to noncontrolling interest (in dollars per share) 0 0
Net income (loss) attributable to Cohu (in dollars per share) $ (0.25) $ 0.16 $ (1.28) $ 0.83
[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 $7,597 and $644 for the three months ended September 28, 2019, and September 29, 2018, respectively, and $22,863 and $1,959 for the nine months ended September 28, 2019, and September 29, 2018, respectively.