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Leases | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Leases |
Note 10 - Leases
| A. | The components of operating lease cost for the year ended December 31, 2021, 2022 and 2023 were as follows:
|  | Year ended December 31 |
|  | 2021 |  |  | 2022 |  |  | 2023 |
|  | US$ thousands |
Operating lease costs (mainly plant and offices) |  |  | 1,921 |  |  |  | 1,872 |  |  |  | 1,799 |
Variable lease payments not included in the lease liability |  |  | 8 |  |  |  | 62 |  |  |  | 103 |
Short-term lease cost |  |  | 278 |  |  |  | 273 |  |  |  | 248 |
Total operating lease cost |  |  | 2,207 |  |  |  | 2,207 |  |  |  | 2,150 |
| B. | Supplemental cash flow information related to operating leases was as follows:
|  | Year ended December 31 |
|  | 2021 |  |  | 2022 |  |  | 2023 |
|  | US$ thousands |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  |  | 1,887 |  |  |  | 1,847 |  |  |  | 1,662 |
Right-of-use assets obtained in exchange for lease liabilities (non-cash): |  |  |  |  |
Additions of operating leases |  |  | 451 |  |  |  | 1,269 |  |  |  | 388 |
Termination of operating leases |  |  | - |  |  |  | - |  |  |  | (620 | )
| C. | Supplemental balance sheet information related to operating leases was as follows:
|  | December 31 |
|  | 2022 |  |  | 2023 |
|  | US$ thousands |
Operating leases: |  |  |  |  |  |
Operating leases right-of-use |  |  | 8,441 |  |  |  | 6,466 |
Current operating lease liabilities |  |  | 1,549 |  |  |  | 2,070 |
Non-current operating lease liabilities |  |  | 6,291 |  |  |  | 3,877 |
Total operating lease liabilities |  |  | 7,840 |  |  |  | 5,947 |
|  | December 31 |
|  | 2022 |  |  | 2023 |
|  | US$ thousands |
Weighted average remaining lease term (years) |  |  | 7.7 |  |  |  | 5.8 |
Weighted average discount rate |  |  | 2.9 | % |  |  | 2.3 | %
| E. | Future lease payments under non-cancellable leases as of December 31, 2023 were as follows:
|  | December 31, 2023 |
|  | US$ thousands |
2024 |  |  | 1,346 |
2025 |  |  | 1,100 |
2026 |  |  | 981 |
2027 |  |  | 797 |
2028 |  |  | 771 |
After 2028 |  |  | 1,413 |
Total operating lease payments |  |  | 6,408 |
Less: imputed interest |  |  | (461 | )
Present value of lease liabilities |  |  | 5,947 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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