Company: COHU
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001437749-25-004612
Chunk: 111

Company: COHU INC
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1
Chunk 111
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erra Integration Program were incurred by our Semiconductor Test & Inspection segment.

66

			COHU, INC.

			NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Charges related to the Xcerra Integration Program for the years ended December 28, 2024, December 30, 2023 and December 31, 2022, were as follows (in thousands):

			(in thousands)

			2024

			2023

			2022

			Employee severance costs

			$
			-

			$
			-

			$
			(8
			)

			Inventory related charges (adjustments)

			(465
			)

			(62
			)

			(454
			)

			Other restructuring costs

			-

			-

			613

			Total

			$
			(465
			)
			 
			$
			(62
			)
			 
			$
			151

Costs associated with restructuring activities were presented in our consolidated statements of operations as restructuring charges, except for certain costs associated with inventory charges related to the decision to end manufacturing of certain of Xcerra’s semiconductor test handler products, which were classified within cost of sales. During the twelve-month period December 28, 2024, our restructuring activities included the reversal of certain inventory related charges taken in prior periods. Other restructuring costs include expenses for professional fees associated with employee severance, impairments of fixed assets and facility closure costs.

The following table summarizes the activity within the restructuring related accounts for the Xcerra Integration Program during the year ended December 31, 2022 (in thousands):

			Employee

			Severance

			Other Exit Costs

			Total

			Balance, December 25, 2021

			348

			-

			348

			Costs accrued

			(8
			)

			613

			605

			Amounts paid or charged

			(331
			)

			(613
			)

			(944
			)

			Impact of currency exchange

			(9
			)

			-

			(9
			)

			Balance, December 31, 2022

			$
			-

			$
			-

			$
			-

At December