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Schedule I - Condensed Unconsolidated Statements of Income
 12 Months Ended
Jun. 30, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Schedule I - Notes to the Condensed Unconsolidated Financial Statements
 
Year ended June 30,
 
2015
 
2014
 
2013
Net loss
$
(7,935
)
 
$
(3,308
)
 
$
(5,575
)
Other comprehensive income, net of tax
 
 
 
 
 
Foreign currency translation adjustment
(128
)
 
76

 
(15
)
Total comprehensive loss
$
(8,063
)
 
$
(3,232
)
 
$
(5,590
)
 
June 30,  
 
2015
 
2014
ASSETS
 
 
 
Current assets:
 
 
 
Cash and cash equivalents
$
17,397

 
$
5,187

Accounts receivable - Intercompany
39,004

 
54,667

Other current assets
291

 
317

Total current assets
56,692

 
60,171

Property, plant and equipments, net
1,786

 
1,749

Other long-term assets
100

 
100

Investment in subsidiaries
218,027

 
221,702

Total assets
$
276,605

 
$
283,722

 
 
 
 
LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
Current liabilities:
 
 
 
Accounts payable and accrued liabilities
$
491

 
$
592

Capital leases - short term
—

 
95

Total liabilities
491

 
687

Shareholders' equity:
 
 
 
Preferred shares, par value $0.002 per share:
 
 
 
  Authorized: 10,000 shares; Issued and outstanding: none at June 30, 2015 and 2014
—

 
—

Common shares, par value $0.002 per share:
 
 
 
Authorized: 50,000 shares; Issued and outstanding: 27,314 shares and 26,316 shares at June 30, 2015 and 26,644 shares and 26,304 shares at June 30, 2014
55

 
53

Treasury shares at cost; 998 shares at June 30, 2015 and 340 shares at June 30, 2014
(8,593
)
 
(2,889
)
Additional paid-in capital
181,040

 
174,084

Accumulated other comprehensive income
905

 
1,033

Retained earnings
102,707

 
110,754

Total shareholders’ equity
276,114

 
283,035

Total liabilities and shareholders’ equity
$
276,605

 
$
283,722

 
Year Ended June 30,
 
2015
 
2014
 
2013
Revenue
$
3,332

 
$
3,074

 
$
3,228

Cost of revenue
—

 
—

 
—

Gross profit
3,332

 
3,074

 
3,228

 
 
 
 
 
 
Operating expenses:
 
 
 
 
 
Selling, general and administrative
3,477

 
3,171

 
3,271

Total operating expenses
3,477

 
3,171

 
3,271

Operating loss
(145
)
 
(97
)
 
(43
)
 
 
 
 
 
 
Interest income
7

 
6

 
13

Interest expense
(2
)
 
(11
)
 
—

Loss on equity investment in subsidiaries
(7,795
)
 
(3,206
)
 
(5,545
)
Net loss
$
(7,935
)
 
$
(3,308
)
 
$
(5,575
)
 
Year Ended June 30,
 
2015
 
2014
 
2013
Cash flows from operating activities
 
 
 
 
 
Net loss
$
(7,935
)
 
$
(3,308
)
 
$
(5,575
)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
 
 
 
 
 
Depreciation
587

 
366

 
103

Share-based compensation expense
242

 
187

 
137

Equity in net loss of subsidiaries
7,795

 
3,206

 
5,545

Changes in working capital, net of impact of acquisition:
 
 
 
 
 
Accounts receivable - intercompany
15,125

 
(2,649
)
 
(15,968
)
Other current assets
26

 
(124
)
 
(155
)
Accounts payable and accrued liabilities
(101
)
 
(191
)
 
295

Net cash provided by (used in) operating activities
15,739

 
(2,513
)
 
(15,618
)
Cash flows from investing activities
 
 
 
 
 
Purchase of property and equipment
(625
)
 
(919
)
 
(922
)
Net cash used in investing activities
(625
)
 
(919
)
 
(922
)
Cash flows from financing activities
 
 
 
 
 
Proceeds from exercise of stock options and ESPP
3,007

 
2,675

 
3,089

Payment for repurchase of common shares
(5,816
)
 
(918
)
 
(5
)
Principal payments on capital leases
(95
)
 
(281
)
 
—

Net cash provided by (used in) financing activities
(2,904
)
 
1,476

 
3,084

Net increase (decrease) in cash and cash equivalents
12,210

 
(1,956
)
 
(13,456
)
Cash and cash equivalents at beginning of year
5,187

 
7,143

 
20,599

Cash and cash equivalents at end of year
$
17,397

 
$
5,187

 
$
7,143

1. Basis of Presentation
Alpha and Omega Semiconductor Limited is the parent company of all Alpha and Omega Semiconductor subsidiaries. It was incorporated in Bermuda on September 27, 2000 as an exempted limited liability company. The address of its registered office is Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda.
The accompanying condensed parent company financial statements have been prepared in accordance with Rule 12-04, Schedule I of Regulation S-X, as the restricted net assets of its subsidiaries exceed 25% of the consolidated net assets of Alpha and Omega Semiconductor Limited and its subsidiaries (the “Company”).
The parent company records its investment in subsidiaries under the equity method of accounting. Such investment is presented on the balance sheet as "Investment in subsidiaries" and the subsidiaries' net income (loss) are recognized based on the effective shareholding percentage as income on equity investment in subsidiaries on the statement of operations. Intercompany balances and transactions have not been eliminated. The revenue recorded represents intercompany administrative service fees charged by the parent company starting in fiscal year 2013.
Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. The footnote disclosures contain supplemental information relating to the operations of the Company and, as such, these statements should be read in conjunction with the notes to the consolidated financial statements of the Company.
2. Restricted net assets of subsidiaries
For a discussion of the Company’s restricted net assets of subsidiaries, see Note 11 of the Company’s consolidated financial statements.
3. Commitments and contingencies
There is no significant commitments and contingencies as at June 30, 2015 and 2014. For a discussion of the Company’s commitments and contingencies, see Note 12 to the Company’s consolidated financial statements.