XML 54 R38.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Note 10 - Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 28, 2024
Notes Tables |
Schedule of Income Tax By Source [Table Text Block] |
(in thousands) |  | 2024 |  |  | 2023 |  |  | 2022 |
Income from operations |  | $ | 4,872 |  |  | $ | 17,660 |  |  | $ | 29,868 |
Other comprehensive income |  |  | 396 |  |  |  | (984 | ) |  |  | 755 |
Total |  | $ | 5,268 |  |  | $ | 16,676 |  |  | $ | 30,623 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
(in thousands) |  | 2024 |  |  | 2023 |  |  | 2022 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Federal |  | $ | 717 |  |  | $ | 694 |  |  | $ | 1,609 |
U.S. State |  |  | 36 |  |  |  | 86 |  |  |  | 456 |
Foreign |  |  | 7,841 |  |  |  | 21,654 |  |  |  | 31,307 |
Total current |  |  | 8,594 |  |  |  | 22,434 |  |  |  | 33,372 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Federal |  |  | (13 | ) |  |  | 61 |  |  |  | (9 | )
Foreign |  |  | (3,709 | ) |  |  | (4,835 | ) |  |  | (3,495 | )
Total deferred |  |  | (3,722 | ) |  |  | (4,774 | ) |  |  | (3,504 | )
|  | $ | 4,872 |  |  | $ | 17,660 |  |  | $ | 29,868 |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] |
(in thousands) |  | 2024 |  |  | 2023 |  |  | 2022 |
U.S. |  | $ | (85,450 | ) |  | $ | (37,799 | ) |  | $ | 9,180 |
Foreign |  |  | 20,504 |  |  |  | 83,615 |  |  |  | 117,535 |
Total |  | $ | (64,946 | ) |  | $ | 45,816 |  |  | $ | 126,715 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
(in thousands) |  | 2024 |  |  | 2023 |
Deferred tax assets: |  |  |  |  |  |  |  |
Inventory, receivable and warranty reserves |  | $ | 11,034 |  |  | $ | 10,931 |
Net operating loss carryforwards |  |  | 39,572 |  |  |  | 36,602 |
Tax credit carryforwards |  |  | 35,788 |  |  |  | 34,637 |
Capitalized R&D |  |  | 35,348 |  |  |  | 30,485 |
Accrued employee benefits |  |  | 3,742 |  |  |  | 3,348 |
Stock-based compensation |  |  | 4,511 |  |  |  | 3,227 |
Lease liabilities |  |  | 2,544 |  |  |  | 3,222 |
Uniform capitalization |  |  | 2,553 |  |  |  | 1,564 |
Other |  |  | 3,064 |  |  |  | - |
Gross deferred tax assets |  |  | 138,156 |  |  |  | 124,016 |
Less valuation allowance |  |  | (114,517 | ) |  |  | (99,888 | )
Total deferred tax assets |  |  | 23,639 |  |  |  | 24,128 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Intangible assets and other acquisition basis differences |  |  | 25,848 |  |  |  | 34,076 |
Operating lease right-of-use assets |  |  | 2,226 |  |  |  | 2,854 |
Unremitted earnings of foreign subsidiaries |  |  | 4,898 |  |  |  | 4,106 |
Other |  |  | 4,986 |  |  |  | 50 |
Total deferred tax liabilities |  |  | 37,958 |  |  |  | 41,086 |
Net deferred tax liabilities |  | $ | (14,319 | ) |  | $ | (16,958 | )
(in thousands) |  | 2024 |  |  | 2023 |
Other assets (long-term) |  | $ | 5,083 |  |  | $ | 6,196 |
Long-term deferred income tax liabilities |  |  | (19,402 | ) |  |  | (23,154 | )
Net deferred tax liabilities |  | $ | (14,319 | ) |  | $ | (16,958 | )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
(in thousands) |  | 2024 |  |  | 2023 |  |  | 2022 |
Tax provision at U.S. 21% statutory rate |  | $ | (13,638 | ) |  | $ | 9,470 |  |  | $ | 26,610 |
State income taxes, net of federal tax benefit |  |  | (2,126 | ) |  |  | (633 | ) |  |  | (1,535 | )
Accruals, adjustments and releases from statute expirations |  |  | (2,372 | ) |  |  | 579 |  |  |  | 348 |
Federal R&D credits |  |  | (1,103 | ) |  |  | (1,360 | ) |  |  | (1,679 | )
Stock-based compensation |  |  | 502 |  |  |  | (1,504 | ) |  |  | (572 | )
Excess executive compensation |  |  | 715 |  |  |  | 1,375 |  |  |  | 946 |
Change in valuation allowance |  |  | 14,844 |  |  |  | 10,654 |  |  |  | 13,307 |
GILTI, net of foreign tax credits |  |  | 2,613 |  |  |  | 1,735 |  |  |  | 3,458 |
Foreign rate differential |  |  | 146 |  |  |  | 2,093 |  |  |  | (6,131 | )
Withholding and other foreign taxes, net of foreign tax credit |  |  | 1,206 |  |  |  | 254 |  |  |  | (3,819 | )
Other, net |  |  | 4,085 |  |  |  | (5,003 | ) |  |  | (1,065 | )
|  | $ | 4,872 |  |  | $ | 17,660 |  |  | $ | 29,868 |
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
(in thousands) |  | 2024 |  |  | 2023 |  |  | 2022 |
Balance at beginning of year |  | $ | 35,900 |  |  | $ | 33,368 |  |  | $ | 33,391 |
Additions for tax positions of current year |  |  | 858 |  |  |  | 899 |  |  |  | 910 |
Additions/(Reductions) for tax positions of prior years |  |  | (788 | ) |  |  | 1,802 |  |  |  | (428 | )
Reductions due to lapse of the statute of limitations |  |  | (2,089 | ) |  |  | (295 | ) |  |  | (354 | )
Foreign exchange rate impact |  |  | (116 | ) |  |  | 126 |  |  |  | (151 | )
Balance at end of year |  | $ | 33,765 |  |  | $ | 35,900 |  |  | $ | 33,368 |

X
- Definition Tabular disclosure of income tax by source of income. + References No definition available. + Details
Name: | cohu_ScheduleOfIncomeTaxBySourceTableTextBlock
Namespace Prefix: | cohu_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 217 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-217 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration