Company: COHU
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001437749-25-024281
Chunk: 30

Company: COHU INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 1
Chunk 30
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 reducing costs during the extended downturn in the semiconductor test and inspection equipment industry.

19

Cohu, Inc.

Notes to Unaudited Condensed Consolidated Financial Statements

June 28, 2025

As a result of the activities described above, we recognized total pretax charges of $6.6 million during the first six months ended June 28, 2025, that are within the scope of ASC 420. The following table summarizes the activity within the restructuring related accounts for the 2025 Restructuring Program during the first six months ended June 28, 2025 (in thousands):

			Severance and

			Other Exit

			Other Payroll

			Costs

			Total

			Balance, December 28, 2024

			$
			-

			$
			-

			$
			-

			Costs accrued

			6,559

			56

			6,615

			Amounts paid or charged

			(4,554
			)

			(56
			)

			(4,610
			)

			Impact of currency exchange

			404

			-

			404

			Balance, June 28, 2025

			$
			2,409

			$
			-

			$
			2,409

			5.

			Financial Instruments Measured at Fair Value 

Our cash, cash equivalents, and short-term investments consisted primarily of cash and other investment grade securities. We do not hold investment securities for trading purposes. All short-term investments in debt securities are classified as available-for-sale and recorded at fair value. Investment securities are exposed to market risk due to changes in interest rates and credit risk and we monitor credit risk and attempt to mitigate exposure by making high-quality investments and through investment diversification.

We assess whether unrealized loss positions on available-for-sale debt securities are due to credit-related factors. The credit-related portion of unrealized losses, and any subsequent improvements, are recorded in earnings through an allowance account. Unrealized gains and losses that are not due to credit-related factors are included in accumulated other comprehensive income (loss). Factors that could indicate an impairment exists include, but are not limited to, earnings performance, changes in credit rating or adverse changes in the regulatory or economic environment of the asset. Gross realized gains and losses on sales of short-term investments are included in interest