Company: COHU
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001437749-25-024281
Chunk: 44

Company: COHU INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 1
Chunk 44
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	(13,880
			)

			Present value of lease liabilities

			$
			36,764

			$
			10

			$
			36,774

			(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 relocation on January 1, 2026. The new lease will result in cash outflows totaling $34.9 million expected to be paid as follows: $2.5 million, $3.0 million, $2.6 million, $3.0 million and $23.8 million for 2026, 2027, 2028, 2029 and thereafter, respectively.

Supplemental cash flow information related to leases was as follows:

			Six Months Ended

			(in thousands)

			June 28, 2025

			June 29, 2024

			Cash paid for amounts included in the measurement of lease liabilities:

			Operating cash flows from operating leases

			$
			3,055

			$
			3,275

			Operating cash flows from finance leases

			$
			-

			$
			129

			Financing cash flows from finance leases

			$
			6

			$
			11

			Leased assets obtained in exchange for new finance lease liabilities

			$
			-

			$
			8,844

			Leased assets obtained in exchange for new operating lease liabilities

			$
			20,990

			$
			1,357

			12.

			Contingencies

From time to time we are involved in various legal proceedings, examinations by various tax authorities and claims that have arisen in the ordinary course of our business. The outcome of any litigation is inherently uncertain. While there can be no assurance, we do not believe at the present time that the resolution of these matters will have a material adverse effect on our assets, financial position or results of operations.

			13.

			Guarantees 

Product Warranty

Our products are generally sold with warranty periods that range from 12 to 36 months following sale or acceptance. The product warranty promises customers that delivered products are as specified in the contract (an “assurance-type warranty”). Therefore, we account for such product warranties under ASC 460, and not as a separate