Note 10 - Leases

The components of operating lease cost for the year ended December 31, 2022, 2023 and 2024 were as follows:

	Year ended December 31
	2022		2023		2024
	US$ thousands
Operating lease costs (mainly plant and offices)		1,872		1,799		1,755
Variable lease payments not included in the lease liability		62		103		127
Short-term lease cost		273		248		239
Total operating lease cost		2,207		2,150		2,121

Supplemental cash flow information related to operating leases was as follows:

	Year ended December 31
	2022		2023			2024
	US$ thousands
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		1,847		1,662			1,566
Right-of-use assets obtained in exchange for lease liabilities (non-cash):
Additions of operating leases		1,269		388			2,148
Termination of operating leases		-		(620	)		-

Supplemental balance sheet information related to operating leases was as follows:

	December 31
	2023		2024
	US$ thousands
Operating leases:
Operating leases right-of-use		6,466		6,942

Current operating lease liabilities		2,070		1,670
Non-current operating lease liabilities		3,877		4,797
Total operating lease liabilities		5,947		6,467

Supplemental balance sheet information related to operating leases was as follows (cont’d):

	December 31
	2023			2024
	US$ thousands

Weighted average remaining lease term (years)		5.8			5.1

Weighted average discount rate		2.3	%		3.3	%

Future lease payments under non-cancellable leases as of December 31, 2024 were as follows:

	December 31, 2024
	US$ thousands

2025		1,635
2026		1,551
2027		1,283
2028		1,219
2029		879
After 2029		318
Total operating lease payments		6,885
Less: imputed interest		(418	)
Present value of lease liabilities		6,467