Amtech Systems, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

3 Months Ended

Dec. 31, 2020

Schedule of Financial Statement Classification of Lease Balances Within Condensed Consolidated Balance Sheets

The following table provides information about the financial statement classification of our lease balances reported within the Condensed Consolidated Balance Sheets as of December 31, 2020 and September 30, 2020, in thousands:

	December 31, 2020		September 30, 2020
Assets
Operating lease assets	$	5,155	$	5,124
Finance lease assets		23		26
Total lease assets	$	5,178	$	5,150
Liabilities
Current
Operating lease liabilities	$	131	$	113
Finance lease liabilities		10		11
Non-current
Operating lease liabilities		5,077		5,048
Finance lease liabilities		13		16
Total lease liabilities	$	5,231	$	5,188

Schedule of Financial Statement Classification of Lease Expenses Reported in Condensed Consolidated Statements of Operations

The following table provides information about the financial statement classification of our lease expenses reported in the Condensed Consolidated Statements of Operations for the three months ended December 31, 2020 and 2019, in thousands:

		Three Months Ended December 31,
Lease cost	Classification	2020		2019
Operating lease cost	Cost of sales	$	71	$	63
Operating lease cost	Selling, general and administrative expenses		48		13
Finance lease cost	Cost of sales		2		5
Finance lease cost	Selling, general and administrative expenses		2		2
Short-term lease cost	Cost of sales		27		—
Total lease cost		$	150	$	83

Schedule of Future Minimum Lease Payments Under Non-cancelable Leases Including Leases

Future minimum lease payments under non-cancelable leases as of December 31, 2020 are as follows, in thousands:

	Operating leases		Finance Leases		Total
Remainder of 2021	$	265	$	8	$	273
2022		349		8		357
2023		336		6		342
2024		315		2		317
2025		298		—		298
Thereafter		6,944		—		6,944
Total lease payments		8,507		24		8,531
Less: Interest		3,299		1		3,300
Present value of lease liabilities		5,208		23	$	5,231

Schedule of Weighted Average Remaining Term and Discount Rates

The following table provides information about the remaining lease terms and discount rates applied as of December 31, 2020:

	December 31, 2020
Weighted average remaining lease term
Operating leases	23.60 years
Finance leases	2.69 years
Weighted average discount rate
Operating leases		4.17	%
Finance leases		4.17	%