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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 25, 2021
Dec. 26, 2020
Dec. 28, 2019
Net sales $ 887,214 $ 636,007 $ 583,329
Cost and expenses:      
Cost of sales (1) [1] 500,253 364,225 353,500
Research and development 91,963 86,151 86,147
Selling, general and administrative 126,958 129,248 142,936
Amortization of purchased intangible assets 35,414 38,746 39,590
Gain on sale of PCB Test business (2) [2] (70,815) 0 0
Restructuring charges (Note 4) 1,823 7,623 13,484
Impairment charges 100 11,249 0
Gain on sale of facilities 0 (4,495) 0
Costs and Expenses, Total 685,696 632,747 635,657
Income (loss) from operations 201,518 3,260 (52,328)
Other (expense) income:      
Interest expense (6,413) (13,759) (20,556)
Interest income 239 224 764
Foreign transaction gain (loss) 411 (3,170) 43
Gain (loss) on extinguishment of debt (3,411) 268 0
Total 192,344 (13,177) (72,077)
Income tax provision (benefit) 25,019 666 (3,082)
Income (loss) from continuing operations 167,325 (13,843) (68,995)
Income (loss) from discontinued operations, net of tax 0 42 (697)
Net income (loss) 167,325 (13,801) (69,692)
Net income from noncontrolling interest 0 0 8
Net income (loss) attributable to Cohu $ 167,325 $ (13,801) $ (69,700)
Basic:      
Income (loss) from continuing operations (in dollars per share) $ 3.53 $ (0.33) $ (1.68)
Income (loss) from discontinued operations (in dollars per share) 0 0.00 (0.01)
Net income attributable to noncontrolling interest (in dollars per share) 0 0 0.00
Net income (loss) attributable to Cohu (in dollars per share) 3.53 (0.33) (1.69)
Diluted:      
Income (loss) from continuing operations (in dollars per share) 3.45 (0.33) (1.68)
Income (loss) from discontinued operations (in dollars per share) 0 0.00 (0.01)
Net income attributable to noncontrolling interest (in dollars per share) 0 0 0.00
Net income (loss) attributable to Cohu (in dollars per share) $ 3.45 $ (0.33) $ (1.69)
Weighted average shares used in computing income (loss) per share:      
Basic (in shares) 47,409 41,854 41,159
Diluted (in shares) 48,460 41,854 41,159
[1] Excludes amortization of $27,508, $29,510, and $30,126 for the years ended December 25, 2021, December 26, 2020, and December 28, 2019, respectively.
[2] On June 24, 2021 we completed the divestment of our PCB Test business. The divestment of this business did not qualify for presentation as discontinued operations and the results of the PCB Test business are included in continuing operations for all periods presented. See Note 14, “Business Divestitures and Discontinued Operations” for additional information on this transaction and financial statement presentation.