Company: COHU
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001437749-25-024281
Chunk: 42

Company: COHU INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 1
Chunk 42
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 was as follows:

			(in thousands)

			Classification

			June 28, 2025

			December 28, 2024

			Assets

			Operating lease assets

			Operating lease right-of-use assets (1)

			$
			32,049

			$
			13,908

			Finance lease assets

			Property, plant and equipment, net (2)

			104

			9,676

			Total lease assets

			$
			32,153

			$
			23,584

			Liabilities

			Current

			Operating

			Other accrued liabilities

			$
			4,648

			$
			5,296

			Finance

			Other accrued liabilities (2)

			10

			8,418

			Noncurrent

			Operating

			Long-term lease liabilities (1)

			32,116

			9,890

			Finance

			Long-term lease liabilities

			-

			3

			Total lease liabilities

			$
			36,774

			$
			23,607

			Weighted-average remaining lease term (years)

			Operating leases

			9.0

			5.2

			Finance leases

			0.6

			-

			Weighted-average discount rate

			Operating leases

			6.4
			%

			6.4
			%

			Finance leases

			4.0
			%

			2.8
			%

			(1)

			In June 2025, we gained access to our new corporate headquarters located in San Diego, California enabling us to make certain preparations for our planned relocation on January 1, 2026, resulting in an increase to our operating lease asset and long term operating lease liability.

			(2)
			
			Finance lease assets are recorded net of accumulated amortization of $0.5 million and $0.4 million as of June 28, 2025, and December 28, 2024, respectively. On December 30, 2024 we completed the purchase of our leased facility in Melaka, Malaysia resulting in a decrease to our finance lease asset and liability.

The components of lease expense were as follows:

			Three Months Ended

			Six