Company: AOSL
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001387467-25-000017
Chunk: 82

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-02-06
Form: 10-Q
Item: Item 8
Chunk 82
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 ValueOutstanding at June 30, 202410,000 $9.07 0.13$283,000 Exercised(10,000)$9.07 $265,267 Outstanding at December 31, 20240 $0.00 0.00$0.00 Employee Share Purchase Plan (“ESPP”)The assumptions used to estimate the fair values of common shares issued under the ESPP were as follows: Six Months Ended December 31,2024Volatility rate54.1%Risk-free interest rate4.4%Expected term1.3 yearsDividend yield0%

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

Share-based Compensation Expense The total share-based compensation expense recognized in the Condensed Consolidated Statements of Income (Loss) for the periods presented was as follows:Three Months Ended December 31, Six Months Ended December 31,2024202320242023(in thousands)(in thousands)Cost of goods sold$1,123 $1,504 $2,138 $1,716 Research and development2,193 2,417 4,128 2,423 Selling, general and administrative4,634 4,770 8,586 5,470 $7,950 $8,691 $14,852 $9,609 As of December 31, 2024, total unrecognized compensation cost under the Company’s share-based compensation plans was $46.2 million, which is expected to be recognized over a weighted-average period of 2.9 years.

10. Income Taxes  

The Company recognized income tax expense of approximately $1.2 million and $0.9 million for the three months ended December 31, 2024 and 2023, respectively.  The income tax expense of $1.2 million for the three months ended December 31, 2024 included a $0.1 million discrete tax expense.  The income tax expense of $0.9 million for the three months ended December 31, 2023 included a $0.1 million discrete tax expense.  Excluding the discrete income tax items, the income tax expense for the three months ended December 31, 2024 and 2023 was $1.2 million and $0.