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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 25, 2021
Dec. 26, 2020
Dec. 28, 2019
Cash flows from operating activities:      
Net income (loss) attributable to Cohu $ 167,325 $ (13,801) $ (69,700)
Net income from noncontrolling interest 0 0 8
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
(Gain) loss on business divestitures (70,815) (35) 1,138
Interest capitalized associated with cloud computing implementation (91) (124) (168)
Gain on divestiture of consolidated entity 0 0 (149)
(Gain) loss on extinguishment of debt 3,411 (268) 0
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) 100 11,249 0
Depreciation and amortization 48,568 52,746 58,871
Share-based compensation expense including restructuring charges 13,792 14,234 14,148
Amortization of inventory step-up and inventory related charges 6,523 3,731 8,347
Amortization of debt discounts and issuance costs 643 1,177 1,110
Accrued retiree benefits (500) 1,675 1,017
Deferred income taxes 953 (5,305) (5,385)
Changes in other assets (1,652) 285 (3,044)
Amortization of cloud-based software implementation costs 1,644 1,191 0
(Gain) loss from sale of property, plant and equipment 1 (4,170) 173
Changes in other accrued liabilities (416) 91 5,348
Changes in current assets and liabilities, excluding effects from divestitures:      
Customer advances (4,090) 2,188 11,548
Accounts receivable (59,123) (20,210) 21,150
Inventories (35,864) (14,982) 26
Accrued compensation, warranty and other liabilities 225 4,678 (9,405)
Accounts payable 17,316 15,058 (3,122)
Deferred profit 4,732 871 997
Other current assets 1,709 1,150 (5,996)
Income taxes payable 3,444 (2,089) (10,719)
Operating lease right-of-use assets 6,746 6,831 7,159
Current and long-term operating lease liabilities (6,852) (6,437) (6,083)
Net cash provided by operating activities 97,729 49,734 17,269
Cash flows from investing activities:      
Purchases of property, plant and equipment (12,000) (18,660) (18,000)
Net cash received from sale of land, facility and assets 157 17,025 1,767
Purchases of short-term investments (204,699) (19,703) (315)
Sales and maturities of short-term investments 135,549 0 0
Cash received from disposition of business, net of cash paid 120,886 2,975 0
Net cash provided by (used in) investing activities 39,893 (18,363) (16,548)
Cash flows from financing activities:      
Cash dividends paid 0 (4,971) (9,827)
Proceeds from revolving line of credit and construction loans 1,376 5,878 5,477
Repayments of long-term debt (206,069) (41,056) (3,817)
Net issuance (repurchases) of stock, including awards settled in cash (4,390) 2,077 (16)
Acquisition of treasury stock (7,324) 0 0
Proceeds received from issuance of common stock, net of fees 223,119 0 0
Net cash provided by (used in) financing activities 6,712 (38,072) (8,183)
Effect of exchange rate changes on cash and cash equivalents (3,491) 129 (1,529)
Net increase (decrease) in cash and cash equivalents 140,843 (6,572) (8,991)
Cash and cash equivalents at beginning of year 149,358 155,930 164,921
Cash and cash equivalents at end of year 290,201 149,358 155,930
Cash held by discontinued operations (Note 14) 0 0 (736)
Cash and cash equivalents at end of year from continuing operations 290,201 149,358 155,194
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 22,717 5,772 14,942
Cash paid for interest 6,253 16,324 14,846
Property, plant and equipment purchases included in accounts payable 624 1,063 1,601
Inventory capitalized as capital assets $ 1,635 $ 1,050 $ 300