Company: COHU
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001437749-25-004612
Chunk: 141

Company: COHU INC
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1
Chunk 141
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			12. 

			Leases

We lease certain of our facilities, equipment and vehicles under non-cancelable operating and finance leases. Leases with initial terms with 12 months or less are not recorded in the consolidated balance sheet, but we recognized those lease payments in the consolidated statements of operations on a straight-line basis over the lease term. Lease and non-lease components are included in the calculation of the right of use asset (“ROU”) asset and lease liabilities.

Our leases have remaining lease terms ranging from 1 year to 33 years, some of which include one or more options to extend the lease for up to 25 years. Our lease term includes renewal terms when we are reasonably certain that we will exercise the renewal options. We sublease certain leased assets to third parties, mainly as a result of unused space in our facilities.

85

			COHU, INC.

			NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Supplemental balance sheet information related to leases was as follows:

			December 28,

			December 30,

			(in thousands)

			Classification

			2024

			2023

			Assets:

			Operating lease assets

			Operating lease right-of-use assets

			$
			13,908

			$
			16,778

			Finance lease assets

			Property, plant and equipment, net (1)

			9,676

			247

			Total lease assets

			$
			23,584

			$
			17,025

			Liabilities:

			Current:

			Operating

			Other accrued liabilities

			$
			5,296

			$
			5,122

			Finance

			Other accrued liabilities

			8,418

			11

			Noncurrent:

			Operating

			Long-term lease liabilities

			9,890

			13,160

			Finance

			Long-term lease liabilities

			3

			15

			Total lease liabilities

			$
			23,607

			$
			18,308

			Weighted-average remaining lease term (years):

			Operating leases

			5.2

			5.5

			Finance leases

			-

			2.1

			Weighted-average discount rate:

			Operating leases

			6