SILICON LABORATORIES INC.SLAB

SILICON LABORATORIES INC. Leases Disclosure

10-KFiled Feb 10, 20262 min read
Leases
The Company leases certain facilities under operating lease agreements that expire at various dates through 2031. Some of these arrangements contain renewal options and require the Company to pay taxes, insurance and maintenance costs. Lease costs for operating leases were $7.6 million, $7.7 million and $7.8 million during fiscal 2025, 2024 and 2023, respectively.
Supplemental Lease Information
Balance Sheet Information (in thousands)Consolidated Balance
Sheet Classification		January 3,
2026		December 28,
2024
Operating lease right-of-use assetsOther assets, net$22,866 $21,535 
Operating lease liabilitiesOther current liabilities$6,930 $5,878 
Operating lease liabilitiesOther non-current liabilities$17,026 $15,549 
Year Ended
Cash Flow Information (in thousands)January 3,
2026		December 28,
2024
Cash paid for operating lease liabilities$7,387 $7,883 
Right-of-use assets obtained in exchange for operating lease obligations$7,384 $13,867 
Operating Lease InformationJanuary 3,
2026		December 28,
2024
Weighted-average remaining lease term4.7 years5.3 years
Weighted-average discount rate5.17 %4.87 %
The maturities of operating lease liabilities as of January 3, 2026 were as follows (in thousands):
Fiscal Year
2026$7,445 
20276,347 
20285,233 
20295,198 
20305,276 
Thereafter3,230 
Total lease payments32,729 
Less imputed interest(8,773)
Total lease liabilities$23,956 
Lease income
The Company leases a portion of its headquarter facilities to other tenants. Lease income from operating leases was $2.2 million, $2.8 million and $3.1 million during fiscal 2025, 2024 and 2023, respectively.
Maturities of lease income as of January 3, 2026 were as follows (in thousands):
Fiscal Year
2026$1,996 
20272,035 
20282,097 
20291,212 
2030— 
Thereafter— 

About Leases Disclosures

Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.

Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.

Other Available Disclosures

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