Company: AOSL
Filing Date: 2025-08-28
Form Type: 10-K
Source: 0001628280-25-041297
Chunk: 41

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-08-28
Form: 10-K
Item: Item 15
Chunk 41
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 12,997 22,200 $29,569 $21,641 $37,488 

Total unrecognized share-based compensation expense as of June 30, 2025 was $51.1 million including estimated forfeitures, which is expected to be recognized over a weighted-average period of 2.6 years. 

11. Employee Benefit Plans 

The Company maintains a 401(k) retirement plan for the benefit of qualified employees in the U.S.  Employees who participate may elect to make salary deferral contributions to the plan up to 100% of the employees' eligible salary subject to annual Internal Revenue Code maximum limitations.  The employer’s contribution is discretionary.  Effective from April 1, 2022, the Company began to match 50% of employee contribution up to 4% of eligible compensation for a 2% maximum match.  During the fiscal years ended June 30, 2025, 2024 and 2023, the Company made employer match contributions of $1.8 million, $1.8 million and $1.9 million, respectively.

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The Company makes mandatory contributions for its employees to the respective local governments in terms of retirement, medical insurance and unemployment insurance, where applicable, according to labor and social security laws and regulations of the countries and areas in which the Company operates.  The retirement contribution rate is 7.7% in the U.S., 16.0% to 17.0% in China, 6.0% in Taiwan, 12.0% in India, and 9.3% in Germany.  The Company has no obligations for the payment of such social benefits beyond the required contributions as set out above.  

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12. Income Taxes

    The domestic and foreign components of income before taxes are: Year Ended June 30,  202520242023(in thousands)U.S. operations$8,229 $9,079 $19,001 Non-U.S. operations(36,025)(11,722)711 Net income (loss) before income taxes$(27,796)$(2,643)$19,712     The provision for income taxes is comprised of:Year Ended June 30, 202520242023(in thousands)U.S. federal taxes:Current$721 $485 $1,093 Deferred190 1,652 549 Non-U.S. taxes:Current3,972