Company: COHU
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001437749-25-004612
Chunk: 117

Company: COHU INC
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1
Chunk 117
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(24,884
			)

			Change in plan assets:

			Fair value of plan assets at beginning of year

			19,700

			18,411

			Return on assets, net of actuarial gain/loss

			732

			52

			Employer contributions

			783

			860

			Participant contributions

			988

			1,153

			Benefits paid

			(599
			)

			(385
			)

			Settlements

			(2,820
			)

			(2,177
			)

			Foreign currency exchange adjustment

			(1,326
			)

			1,786

			Fair value of plan assets at end of year

			17,458

			19,700

			Net liability at end of year

			$
			(4,053
			)
			 
			$
			(5,184
			)

At December 28, 2024 and December 30, 2023, the Swiss Plan’s net liability is included in noncurrent accrued retirement benefits. Amounts recognized in accumulated other comprehensive loss net of tax related to the Swiss Plan consisted of an unrecognized net actuarial gains totaling $4.0 million and $4.2 million at December 28, 2024 and December 30, 2023, respectively.

The actuarial gain of $0.1 million and the actuarial loss of $1.4 million for the years ended December 28, 2024 and December 30, 2023, respectively, were due to assumption changes as well as plan experience.

Weighted-average actuarial assumptions used to determine the projected benefit obligation under the Swiss Plan are as follows:

			2024

			2023

			Discount rate

			1.1
			%

			1.5
			%

			Compensation increase

			1.0
			%

			2.0
			%

Weighted-average assumptions used to determine net periodic benefit cost of the Swiss Plan are as follows:

			2024

			2023

			2022

			Discount rate

			1.1
			%

			1.5
			%

			2.3
			%