XML 57 R36.htm IDEA: XBRL DOCUMENT v3.24.2.u1

Income Taxes (Tables)

12 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

Domestic and foreign components of income (loss)

The domestic and foreign components of income before taxes are:

			Year Ended June 30,
			2024						2023						2022
									(in thousands)
U.S. operations			$	9,079					$	19,001					$	16,684
Non-U.S. operations			(11,722)						711						478,386
Net income (loss) before income taxes			$	(2,643)					$	19,712					$	495,070

Provision for (benefit from) income taxes

The provision for income taxes is comprised of:

			Year Ended June 30,
			2024						2023						2022
									(in thousands)
U.S. federal taxes:
Current			$	485					$	1,093					$	645
Deferred			1,652						549						2,260
Non-U.S. taxes:
Current			3,187						4,620						7,749
Deferred			(1,669)						(404)						28,599
State taxes, net of federal benefit:
Current			(6)						79						5
Total provision for income taxes			$	3,649					$	5,937					$	39,258

Effective income tax rate reconciliation

The reconciliation of the federal statutory income tax rate to our effective income tax rate is as follows (in percentage):

			Year Ended June 30,
			2024						2023						2022
United States statutory rate			21.0		%				21.0		%				21.0		%
Stock-based compensation			(3.7)						0.2						0.0
Foreign taxes, net			(186.9)						13.5						(14.3)
Outside basis difference on equity method investment			27.4						(1.0)						1.2
Tax credits			86.2						(13.3)						(0.3)
Non-deductible expenses			(6.9)						1.5						—
Tax exempt income			2.8						(1.5)						—
Withholding taxes			—						9.0						—
Non-deductible executive compensation			(78.6)						7.3						0.5
Foreign derived intangible income deduction			0.0						(7.2)						(0.3)
Other			0.6						0.6						0.1
			(138.1)		%				30.1		%				7.9		%

Components of deferred tax assets and liabilities

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of our deferred tax assets and liabilities are as follows:

			June 30,
			2024						2023
			(in thousands)
Deferred tax assets:
Accrued compensation			$	2,188					$	2,218
Net operating loss carryforwards			—						18
Depreciation			6,286						5,360
Tax credits			16,161						15,180
Operating lease liabilities			4,574						4,567
Capitalized R&D costs			1,398						1,116
Accruals and reserves			445						558
Total deferred tax assets			31,052						29,017
Valuation allowance			(7,266)						(6,686)
Total deferred tax assets, net of valuation allowance			23,786						22,331
Deferred tax liabilities:
Depreciation and amortization			(19,062)						(16,899)
Right of use assets			(4,328)						(4,315)
Investments			(26,263)						(27,864)
Total deferred tax liabilities			(49,653)						(49,078)
Net deferred tax liabilities			$	(25,867)					$	(26,747)

Schedule of deferred tax assets and liabilities, current and noncurrent

The breakdown between deferred tax assets and liabilities is as follows:

			June 30,
			2024						2023
			(in thousands)
Deferred tax assets			$	549					$	536
Deferred tax liabilities			(26,416)						(27,283)
Net deferred tax liabilities			$	(25,867)					$	(26,747)

Unrecognized tax benefits rollforward

A reconciliation of the beginning and ending amount of unrecognized tax benefits from July 1, 2021 to June 30, 2024 is as follows:

			Year Ended June 30,
			2024						2023						2022
			(in thousands)
Balance at beginning of year			$	9,335					$	8,609					$	7,645
Additions based on tax positions related to the current year			764						804						1,121
Reductions based on tax positions related to prior years			(11)						(68)						(40)
Reductions due to lapse of applicable statute of limitations			—						(10)						(117)
Balance at end of year			$	10,088					$	9,335					$	8,609

X

- Definition

Schedule of Deferred Tax Assets and Liabilities, Current and Noncurrent [Table Text Block]

+ References

No definition available.

+ Details

Name:	aosl_ScheduleOfDeferredTaxAssetsAndLiabilitiesCurrentAndNoncurrentTableTextBlock
Namespace Prefix:	aosl_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 217
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-217

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration