Company: AOSL
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001387467-25-000017
Chunk: 83

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-02-06
Form: 10-Q
Item: Item 8
Chunk 83
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8 million, respectively, and the effective tax rate for the three months ended December 31, 2024 and 2023 was (22.1)% and (41.2)%, respectively.  The changes in the tax expense and effective tax rate between the periods resulted primarily from changes in the mix of earnings in various geographic jurisdictions between the current year and the same period of last year as well as from reporting pretax book loss of $5.4 million for the three months ended December 31, 2024 as compared to $2.0 million of pretax book loss for the three months ended December 31, 2023.The Company recognized income tax expense of approximately $2.3 million and $2.0 million for the six months endedDecember 31, 2024 and 2023, respectively.  The income tax expense of $2.3 million for the six months ended December 31, 2024included a $0.1 million discrete tax expense.  The income tax expense of $2.0 million for the six months ended December 31, 2023 included a $0.1 million discrete tax expense.  Excluding the discrete income tax items, income tax expense for the six months ended December 31, 2024 and 2023 was $2.1 million and $1.9 million, respectively, and the effective tax rate for the six months ended December 31, 2024 and 2023 was (31.4)% and 39.2%, respectively. The changes in the tax expense and effective tax rate between theperiods resulted primarily from changes in the mix of earnings in various geographic jurisdictions between the current year and thesame period of last year as well as from reporting pretax book loss of $6.8 million for the six months ended December 31, 2024 as compared to $4.9 million of pretax book income for the six months ended December 31, 2023.The Company files its income tax returns in the United States and in various foreign jurisdictions.  The tax years 2004 to 2024 remain open to examination by U.S. federal and state tax authorities.  The tax years 2018 to 2024 remain open to examination by foreign tax authorities.  The Company’s income tax returns are subject to examinations by the Internal Revenue Service and other tax authorities in various jurisdictions.  In accordance with the guidance on the accounting for uncertainty in