Company: AOSL
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001387467-25-000017
Chunk: 25

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-02-06
Form: 10-Q
Item: Item 1
Chunk 25
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 the same.  The amendment was accounted for as a debt modification and no gain or loss was recognized.  The Company does not record leases on the Condensed Consolidated Balance Sheets with a term of one year or less. The components of the Company’s operating and finance lease expenses are as follows for the periods presented (in thousands):Three Months Ended December 31, Six Months Ended December 31,2024202320242023Operating leases:     Fixed rent expense$1,408 $1,485 $3,145 $3,042      Variable rent expense270 260 539 511 Finance lease:     Amortization of equipment129 129 257 257      Interest55 72 114 147 Short-term leases     Short-term lease expenses42 47 74 87                Total lease expenses$1,904 $1,993 $4,129 $4,044 

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ALPHA AND OMEGA SEMICONDUCTOR LIMITEDNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

Supplemental balance sheet information related to the Company’s operating and finance leases is as follows (in thousands, except lease term and discount rate):December 31, 2024June 30,2024Operating Leases:     ROU assets associated with operating leases$23,317 $25,050 Finance Lease:     Property, plant and equipment, gross$5,133 $5,133      Accumulated depreciation(1,427)(1,171)          Property, plant and equipment, net$3,706 $3,962 Weighted average remaining lease term (in years)     Operating leases5.185.54     Finance lease2.753.25Weighted average discount rate     Operating leases4.89 %4.91 %     Finance lease7.51 %7.51 %Supplemental cash flow information related to the Company’s operating and finance leases is as follows (in thousands):Six Months Ended December 31,20242023Cash paid from amounts included in the measurement of lease liabilities:     Operating cash flows from operating leases$3,201 $3,190      Operating cash flows from finance lease$114 $147      Financing cash flows from finance lease$459 $426 Non-cash investing