Company: COHU
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001437749-25-004612
Chunk: 105

Company: COHU INC
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1
Chunk 105
---
73,759

			28,932

			Trade names

			20,926

			12,930

			4.6

			21,569

			11,231

			Backlog

			100

			100

			-

			100

			25

			Covenant not-to-compete

			223

			179

			2.0

			250

			175

			$
			322,608

			$
			211,891

			$
			329,301

			$
			177,531

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

We evaluate goodwill for impairment annually and when an event occurs or circumstances change that indicate that the carrying value may not be recoverable. We completed our required annual goodwill impairment testing as of October 1, 2024 and concluded there were no impairments of goodwill within our reporting units at that time. Other events and changes in circumstances may also require goodwill to be tested for impairment between annual measurement dates.

Amortization expense related to purchased intangible assets was approximately $39.1 million in fiscal 2024, $36.4 million in fiscal 2023 and $33.2 million in fiscal 2022. As of December 28, 2024, we expect amortization expense in future periods to be as follows: fiscal 2025 - $35.5 million; fiscal 2026 - $24.9 million; fiscal 2027 - $16.9 million; fiscal 2028 - $11.6 million fiscal 2029 - $7.7 million; and thereafter $14.1 million.

63

			COHU, INC.

			NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

			3.

			Borrowings and Credit Agreements

			The following table is a summary of our borrowings as of December 28, 2024 and December 30, 2023:

			Fiscal year ended

			(in thousands) 

			December 28, 2024

			December 30, 2023

			Bank term loan under credit agreement

			$
			-

			$
			29,327

			Bank term loans-Kita

			1,