RELATED PARTY TRANSACTIONS

12 Months Ended

Feb. 29, 2012

17. RELATED PARTY TRANSACTIONS

Delta Design, Inc (“Delta”) and Rasco GmbH (“Rasco”) manufacture semiconductor test equipment. Delta and Rasco are wholly owned by Cohu, Inc. (“Cohu”), whose President and Chief Executive Officer is James Donahue, a Director of the Company. (Rasco was purchased by Cohu in fiscal year 2009.) The Company has purchased equipment, supplies and services from Delta and Rasco in the ordinary course of business both before and after Mr. Donahue became a Director of the Company in 2003.

The Company has purchased equipment, supplies and services from Delta and Rasco as follows (in thousands):

For the Fiscal Years Ended February 29 and 28,		2012				2011				2010
Purchases from Delta and Rasco		$	322			$	382			$	1,191

- Definition

The entire disclosure for related party transactions, including the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

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+ Details