Company: COHU
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001437749-25-004612
Chunk: 104

Company: COHU INC
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1
Chunk 104
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 for fiscal years beginning after December 15, 2026, and for interim periods beginning after December 15, 2027, with early adoption permitted. We are currently evaluating the impact of adopting ASU 2024-03.

62

			COHU, INC.

			NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires enhancements and further transparency to certain income tax disclosures, most notably the tax rate reconciliation and income taxes paid. This ASU is effective for fiscal years beginning after December 15, 2024 and we are currently preparing to adopt this standard in the first quarter of fiscal 2025.

All other newly issued accounting pronouncements not yet effective have been deemed either immaterial or not applicable.

			2. 

			Goodwill and Purchased Intangible Assets 

			Changes in the carrying value of our goodwill during the years ended December 28, 2024, and December 30, 2023, were as follows (in thousands):

			Total Goodwill

			Balance December 31, 2022

			$
			213,539

			Additions

			24,132

			Impact of currency exchange

			3,987

			Balance December 30, 2023

			241,658

			Impact of currency exchange

			(7,019
			)

			Balance December 28, 2024

			$
			234,639

Purchased intangible assets, subject to amortization, are as follows (in thousands):

			December 28, 2024

			December 30, 2023

			Remaining

			Gross Carrying

			Accumulated

			Useful Life

			Gross Carrying

			Accumulated

			Amount

			Amortization

			(years)

			Amount

			Amortization

			Developed technology

			$
			228,789

			$
			163,453

			3.7

			$
			233,623

			$
			137,168

			Customer relationships

			72,570

			35,229

			6.2