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

Company: COHU INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 1
Chunk 25
---
	Weighted

			Gross

			Average

			Gross

			Carrying

			Accum.

			Amort.

			Carrying

			Accum.

			Amount

			Amort.

			Period

			Amount

			Amort.

			Developed technology

			$
			240,625

			$
			186,614

			3.5 years

			$
			228,789

			$
			163,453

			Customer relationships

			75,574

			40,466

			5.7 years

			72,570

			35,229

			Trade names

			22,282

			14,720

			4.3 years

			20,926

			12,930

			Covenant not-to-compete

			244

			207

			1.5 years

			223

			179

			Total intangible assets

			$
			338,725

			$
			242,007

			$
			322,508

			$
			211,791

Changes in the carrying values of purchased intangible assets presented above are a result of the impact of fluctuations in currency exchange rates and the acquisition of Tignis.

Amortization expense related to intangible assets was approximately $10.0 million in the second quarter of fiscal 2025 and $19.9 million in the first six months of fiscal 2025. Amortization expense related to intangible assets was approximately $9.7 million in the second quarter of fiscal 2024 and $19.5 million in the first six months of fiscal 2024.

			3. 

			Borrowings and Credit Agreements

The following table is a summary of our borrowings (in thousands):

			June 28,

			December 28,

			2025

			2024

			Revolving Credit Facility

			$
			8,897

			$
			-

			Construction loan-Cohu GmbH

			6,751

			6,473

			Bank Term Loans-Kita

			1,752

			1,694

			Lines of Credit

			933

			633

			Total debt