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)

9 Months Ended

Jun. 30, 2021

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, in thousands:

	June 30, 2021		September 30, 2020
Assets
Operating lease assets	$	8,789	$	5,124
Finance lease assets		18		26
Total lease assets	$	8,807	$	5,150
Liabilities
Current
Operating lease liabilities	$	465	$	113
Finance lease liabilities		8		11
Non-current
Operating lease liabilities		8,409		5,048
Finance lease liabilities		10		16
Total lease liabilities	$	8,892	$	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, in thousands:

		Three Months Ended June 30,				Nine Months Ended June 30,
Lease cost	Classification	2021		2020		2021		2020
Operating lease cost	Cost of sales	$	196	$	56	$	340	$	143
Operating lease cost	Selling, general and administrative expenses		86		16		170		44
Finance lease cost	Cost of sales		1		3		4		14
Finance lease cost	Selling, general and administrative expenses		2		2		6		6
Short-term lease cost	Cost of sales		107		—		183		—
Total lease cost		$	392	$	77	$	703	$	207

Future Minimum Lease Payments Under Non-cancelable Leases Including Leases that are Executed but not yet Effective

Future minimum lease payments under non-cancelable leases, including leases that are executed but not yet effective, as of June 30, 2021 are as follows, in thousands:

	Operating leases		Finance Leases		Total
Remainder of 2021	$	266	$	3	$	269
2022		1,064		8		1,072
2023		1,057		6		1,063
2024		1,037		2		1,039
2025		1,024		—		1,024
Thereafter		9,741		—		9,741
Total lease payments		14,189		19		14,208
Less: Interest		5,315		1		5,316
Present value of lease liabilities		8,874		18	$	8,892

Schedule of Weighted Average Remaining Term and Discount Rates

The following table provides information about the remaining lease terms and discount rates applied:

	June 30, 2021
Weighted average remaining lease term
Operating leases	17.05 years
Finance leases	2.33 years
Weighted average discount rate
Operating leases		4.17	%
Finance leases		4.17	%