Company: AOSL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001387467-25-000044
Chunk: 24

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 24
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29,686 Less: debt issuance costs(33)Total principal, less debt issuance costs$29,653 Short-term DebtLong-term DebtTotalPrincipal amount$11,818 $17,868 $29,686 Less: debt issuance costs(21)(12)(33)Total debt, less debt issuance costs$11,797 $17,856 $29,653 

8. Leases  

The Company evaluates contracts for lease accounting at contract inception and assesses lease classification at the lease commencement date.  The finance lease is related to the $5.1 million of a machinery lease financing with a vendor.  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 March 31,Nine Months Ended March 31,2025202420252024Operating leases:     Fixed rent expense$1,611 $1,356 $4,756 $4,399      Variable rent expense289 307 828 819 Finance lease:     Amortization of equipment128 128 385 385      Interest50 67 164 214 Short-term leases     Short-term lease expenses48 41 122 128                Total lease expenses$2,126 $1,899 $6,255 $5,945 

21

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):March 31, 2025June 30,2024Operating Leases:     Right-of-use assets associated with operating leases$22,050 $25,050 Finance Lease:     Property, plant and equipment, gross$5,133 $5,133      Accumulated depreciation(1,556)(1,171)          Property, plant and equipment, net$3,577 $3,962 Weighted average remaining lease term (in years)     Operating leases5.195.54     Finance lease2.503.25Weighted average discount rate     Operating leases4.87 %4.91