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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 28, 2019
USD ($)
Dec. 29, 2018
USD ($)
Dec. 30, 2017
USD ($)
Cash flows from operating activities:      
Net income (loss) attributable to Cohu $ (69,700) $ (32,181) $ 32,843
Net income (loss) from noncontrolling interest 8 (243)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Loss on impairment and disposal of segments held for sale (Note 13) 1,138 278
Interest capitalized associated with cloud computing implementation (168)
Gain on divestiture of consolidated entity (149)
Depreciation and amortization 58,871 26,047 9,195
Share-based compensation expense including restructuring charges 14,148 18,279 7,007
Amortization of inventory step-up and inventory related charges 8,347 24,179 1,404
Amortization of debt discounts and issuance costs 1,110
Accrued retiree benefits 1,017 (560) 322
Deferred income taxes (5,385) (8,207) (3,791)
Adjustment to contingent consideration liability 657 1,423
Changes in other assets (3,044) (2,961) 1,501
(Gain) loss on disposal of fixed assets 173 293 (42)
Changes in other accrued liabilities 5,348 198 979
Changes in current assets and liabilities, excluding effects from acquisitions and divestitures:      
Accounts receivable 21,150 5,785 (3,259)
Inventories 26 2,043 (12,196)
Accrued compensation, warranty and other liabilities 2,143 3,985 937
Accounts payable (3,122) (7,103) 4,157
Deferred profit 997 37 (442)
Other current assets (5,996) 148 952
Income taxes payable (10,719) 4,041 (1,518)
Operating lease right-of-use assets 7,159
Current and long-term operating lease liabilities (6,083)
Net cash provided by operating activities 17,269 34,437 39,750
Cash flows from investing activities, excluding effects from acquisitions and divestitures:      
Purchases of property, plant and equipment (18,000) (4,967) (6,093)
Net cash received from sale of land, facility and assets 1,767 1,005 104
Purchases of short-term investments (315) (38,700) (37,010)
Sales and maturities of short-term investments 59,469 47,671
Net cash used in investing activities (16,548) (322,308) (7,044)
Cash flows from financing activities:      
Cash dividends paid (9,827) (6,949) (6,577)
Proceeds from construction loan 5,477
Repayments of long-term debt (3,817) (2,323) (1,631)
Issuance (repurchases) of common stock, net including awards settled in cash (16) (8,978) 10,353
Proceeds from Term B Loan 348,250
Payment of debt issuance costs (7,072)
Payment of contingent consideration (823)
Net cash provided by (used in) financing activities (8,183) 322,105 2,145
Effect of exchange rate changes on cash and cash equivalents (1,529) (3,599) 3,390
Net increase (decrease) in cash and cash equivalents (8,991) 30,635 38,241
Cash and cash equivalents at beginning of year 164,921 134,286 96,045
Cash and cash equivalents at end of year 155,930 164,921 134,286
Cash held by discontinued operations (Note 13) (736) (461)
Cash and cash equivalents at end of year from continuing operations 155,194 164,460 134,286
Supplemental disclosure of cash flow information:      
Cash paid during the year for income taxes 14,942 6,243 7,094
Cash paid for interest 14,846 4,977
Dividends declared but not yet paid 2,484 2,445 1,705
Property, plant and equipment purchases included in accounts payable 1,601 599 260
Inventory capitalized as capital assets 300 857 190
Xcerra [Member]      
Cash flows from investing activities, excluding effects from acquisitions and divestitures:      
Payment for purchase of business, net of cash received (339,115)
Kita Manufacturing Co. LTD. and Kita USA, Inc. [Member]      
Cash flows from investing activities, excluding effects from acquisitions and divestitures:      
Payment for purchase of business, net of cash received $ (11,716)