10/12/2010 AT 6:20 PM ET
“We went to a beach and had a picnic,” Arquette told Howard Stern on his Sirius Satellite Radio show Tuesday. “[I] explained to her that we’re grownups, and a lot of the time when grownups are growing up, they need to figure out their lives. … Sometimes that takes each other having a little space.”
Coco immediately thought the worst.
“She said, ‘Are you guys getting a divorce?’ ” Arquette explains. “I said, ‘No, We’re not getting a divorce, we’re just taking some time apart to get to know ourselves better and get to know what we want out of our mate better.’ ”
Father and daughter remain by each other’s sides. The actor was photographed hand-in-hand with her Tuesday while out for breakfast in Beverly Hills.