| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net loss attributable to Cohu | ||||||||||
-69,700 | -32,181 | 32,843 | 3,039 | 250 | 8,708 | -33,418 | -12,243 | 15,719 | 24,644 | -28,168 |
Net loss attributable to noncontrolling interest | ||||||||||
8 | -243 | - | - | - | - | - | - | - | - | - |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||||||
Gain on divestiture of consolidated entity | ||||||||||
149 | - | - | - | - | - | - | - | - | - | - |
Gain on sale of facility | ||||||||||
- | - | - | - | 3,198 | 0 | 0 | 677 | - | - | - |
Operating cash flows of discontinued operations | ||||||||||
- | - | - | - | -1,039 | 9,466 | 1,894 | 1,686 | - | - | - |
Depreciation and amortization | ||||||||||
58,871 | 26,047 | 9,195 | 10,412 | 11,273 | 12,607 | 12,517 | 9,215 | 10,067 | 10,988 | 11,029 |
Share-based compensation expense | ||||||||||
- | - | - | 7,143 | 6,755 | 6,388 | 5,111 | 4,499 | 4,287 | 3,543 | 3,378 |
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 inventory step-up and inventory related charges | ||||||||||
- | - | - | - | 0 | - | - | - | - | - | - |
Deferred income taxes | ||||||||||
-5,385 | -8,207 | -3,791 | -1,065 | 222 | 832 | -1,656 | 581 | -1,676 | -1,971 | 17,360 |
Increase in accrued retiree medical benefits | ||||||||||
1,017 | -560 | 322 | 672 | 2,185 | 787 | 662 | -91 | 381 | -222 | 348 |
(Gain) loss on disposal of fixed assets | ||||||||||
-173 | -293 | 42 | -31 | -311 | 0 | 0 | - | - | - | - |
Changes in other accrued liabilities | ||||||||||
5,348 | 198 | 979 | 162 | 127 | 0 | 0 | - | - | - | - |
Adjustment to contingent consideration liability | ||||||||||
- | 657 | 1,423 | - | 0 | - | - | - | - | - | - |
Changes in other assets | ||||||||||
3,044 | 2,961 | -1,501 | -415 | 326 | 0 | 0 | - | - | - | - |
Loss on impairment and disposal of segments held for sale (Note 13) | ||||||||||
-1,138 | - | -278 | -221 | -3,573 | - | - | - | - | - | - |
Interest capitalized associated with cloud computing implementation | ||||||||||
168 | - | - | - | - | - | - | - | - | - | - |
Amortization of debt discounts and issuance costs | ||||||||||
1,110 | - | - | - | - | - | - | - | - | - | - |
Excess tax benefit from stock options exercised | ||||||||||
- | - | - | - | - | - | - | - | 2 | 234 | - |
Loss on investment write-down | ||||||||||
- | - | - | - | - | - | - | - | - | - | 79 |
Changes in current assets and liabilities: | ||||||||||
Accounts receivable | ||||||||||
-21,150 | -5,785 | 3,259 | 4,617 | -8,970 | 18,656 | 1,585 | -3,215 | -24,877 | 23,434 | 11,226 |
Inventories | ||||||||||
-26 | -2,043 | 12,196 | -4,608 | 5,743 | 3,401 | -11,656 | -19,697 | 20,865 | 13,866 | -708 |
Other current assets | ||||||||||
5,996 | -148 | -952 | 1,959 | -2,420 | 1,294 | -353 | -945 | 1,549 | -2,958 | 522 |
Accounts payable | ||||||||||
-3,122 | -7,103 | 4,157 | 5,678 | 3,376 | 139 | 7,040 | -4,838 | 427 | -4,402 | 10,757 |
Deferred profit | ||||||||||
997 | 37 | -442 | 3,309 | - | - | - | - | - | - | - |
Income taxes payable | ||||||||||
-10,719 | 4,041 | -1,518 | -1,957 | -828 | 137 | -365 | -1,662 | -6,462 | 7,334 | -514 |
Accrued compensation, warranty and other liabilities | ||||||||||
2,143 | 3,985 | 937 | - | - | - | - | - | - | - | - |
Operating lease right-of-use assets | ||||||||||
-7,159 | - | - | - | - | - | - | - | - | - | - |
Current and long-term operating lease liabilities | ||||||||||
-6,083 | - | - | - | - | - | - | - | - | - | - |
Accrued compensation, warranty and other liabilities | ||||||||||
- | - | - | -1,544 | -3,740 | 6,218 | -1,534 | -6,476 | -953 | 4,665 | 235 |
Customer advances | ||||||||||
- | - | - | - | - | - | - | - | - | - | -1,590 |
Deferred profit | ||||||||||
- | - | - | - | -3,108 | 2,181 | 3,448 | -682 | -12,013 | 9,512 | 888 |
Net cash provided by operating activities | ||||||||||
17,269 | 34,437 | 39,750 | 24,548 | 21,480 | 19,678 | 3,417 | 13,169 | 12,238 | 19,515 | 2,762 |
Net cash received from disposition of business segment | ||||||||||
- | - | - | - | 4,881 | - | - | - | - | - | - |
Net cash received from sale of land, facility and assets | ||||||||||
1,767 | 1,005 | 104 | 874 | 33,314 | 0 | 0 | 1,080 | - | - | - |
Purchases of short-term investments | ||||||||||
315 | 38,700 | 37,010 | 50,568 | 656 | 1,000 | 0 | 40,461 | 75,128 | 52,491 | 44,562 |
Payment for purchase of business, net of cash received | ||||||||||
- | - | - | - | 0 | - | 53,463 | - | - | - | - |
Sales and maturities of short-term investments | ||||||||||
- | 59,469 | 47,671 | 20,230 | 155 | 1,045 | 6,221 | 84,780 | 75,657 | 46,979 | 56,458 |
Purchases of property, plant and equipment | ||||||||||
18,000 | 4,967 | 6,093 | 3,452 | 6,586 | 1,457 | 3,607 | 3,240 | 1,413 | 4,579 | 2,507 |
Payment for purchase of Duma Video, Inc. | ||||||||||
- | - | - | - | - | - | - | 900 | - | - | - |
Other assets | ||||||||||
- | - | - | - | - | - | 176 | 66 | -78 | -314 | -42 |
Net cash used in investing activities | ||||||||||
-16,548 | -322,308 | -7,044 | -32,916 | -74 | -209 | -301 | -27 | - | - | - |
Net cash provided by (used in) investing activities | ||||||||||
- | - | - | - | 31,034 | 8,637 | -51,326 | 41,166 | -806 | -9,777 | 9,431 |
Cash flows from financing activities: | ||||||||||
Cash dividends paid | ||||||||||
9,827 | 6,949 | 6,577 | 6,351 | 6,215 | 6,067 | 4,468 | 7,333 | 5,777 | 5,679 | 5,610 |
Issuance (repurchases) of common stock, net | ||||||||||
-16 | -8,978 | 10,353 | -356 | 1,233 | 1,891 | 1,316 | 1,570 | 1,911 | 3,617 | 709 |
Proceeds from construction loan | ||||||||||
5,477 | - | - | - | - | - | - | - | - | - | - |
Repayments of long-term debt | ||||||||||
-3,817 | -2,323 | -1,631 | - | 0 | - | - | - | - | - | - |
Proceeds from Term B Loan | ||||||||||
- | 348,250 | - | - | - | - | - | - | - | - | - |
Payment of debt issuance costs | ||||||||||
- | 7,072 | - | - | - | - | - | - | - | - | - |
Payment of contingent consideration | ||||||||||
- | 823 | - | - | - | - | - | - | - | - | - |
Excess tax benefit from stock options exercised | ||||||||||
- | - | - | - | - | - | - | - | 2 | 234 | - |
Net cash used in financing activities | ||||||||||
-8,183 | 322,105 | 2,145 | -6,707 | -4,982 | -4,176 | -3,152 | -5,763 | -3,864 | -1,828 | -4,901 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
-1,529 | -3,599 | 3,390 | -4,250 | -3,047 | -4,922 | -79 | 974 | -227 | -236 | 761 |
Net increase (decrease) in cash and cash equivalents | ||||||||||
-8,991 | 30,635 | 38,241 | -19,325 | 44,485 | 19,217 | -51,140 | 49,546 | 7,341 | 7,674 | 8,053 |
Supplemental disclosure of cash flow information: | ||||||||||
Cash paid for income taxes | ||||||||||
14,942 | 6,243 | 7,094 | 6,808 | -253 | 971 | -900 | 711 | 10,203 | -2,138 | -4,201 |
Inventory capitalized as property, plant and equipment | ||||||||||
300 | 857 | 190 | 201 | 315 | 1,166 | 640 | 567 | 1,380 | 2,990 | 578 |
Property, plant and equipment purchases included in accounts payable | ||||||||||
1,601 | 599 | 260 | 445 | 0 | - | - | - | - | - | - |
Cash paid for interest | ||||||||||
14,846 | 4,977 | - | - | - | - | - | - | - | - | - |
Capitalized facility under build-to-suit lease | ||||||||||
- | - | - | - | 682 | 0 | 0 | - | - | - | - |
Xcerra [Member] | ||||||||||
Payment for purchase of business, net of cash received | ||||||||||
- | 339,115 | - | - | - | - | - | - | - | - | - |
Kita Manufacturing Co. LTD. and Kita USA, Inc. [Member] | ||||||||||
Payment for purchase of business, net of cash received | ||||||||||
- | - | 11,716 | - | - | - | - | - | - | - | - |