Company: AOSL
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001387467-25-000017
Chunk: 26

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-02-06
Form: 10-Q
Item: Item 1
Chunk 26
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 and financing information:    Operating lease right-of-use assets obtained in exchange for lease obligations$892 $3,588 Future minimum lease payments are as follows as of December 31, 2024 (in thousands):Year ending June 30,Operating LeasesFinance LeasesThe remainder of fiscal 2025$3,199 $572 20265,702 1,144 20274,809 1,144 20284,277 191 20293,990 — Thereafter5,184 — Total minimum lease payments27,161 3,051 Less amount representing interest(3,278)(294)Total lease liabilities$23,883 $2,757 

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

9. Shareholders’ Equity and Share-based Compensation 

Time-based Restricted Stock Units (“TRSUs”)The following table summarizes the Company’ TRSU activities for the six months ended December 31, 2024: Number of Time-based  Restricted StockUnitsWeighted AverageGrant Date FairValue Per ShareWeighted AverageRemainingContractualTerm (Years)Aggregate Intrinsic ValueNonvested at June 30, 20241,469,135 $29.13 1.66$54,901,575 Granted126,192 $37.07 Vested(102,204)$29.00 Forfeited(23,088)$28.65 Nonvested at December 31, 20241,470,035 $29.83 1.31$54,435,396 Market-based Restricted Stock Units (“MSUs”)In December 2021, the Company granted 1.0 million market-based restricted stock units (“MSUs”) to certain personnel.  The number of shares to be earned at the end of performance period was determined based on the Company’s achievement of specified stock prices and revenue thresholds during the performance period from January 1, 2022 to December 31, 2024 as well as the recipients remaining in continuous service with the Company through such period.  The MSUs vest in four equal annual installments after the end of performance period.  The Company estimated the grant date fair values of its MSUs using a Monte-Carlo simulation model.  In September 2023, the Company determined it was no longer probable