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Leases
12 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Leases

16) Leases

The Company has entered into certain operating leases for office space, vehicles and other equipment with lease terms between one to fifteen years, expiring between 2021 and 2033. Some of the Company’s real estate property lease agreements have options to extend the leases for up to ten years.

A summary of total lease costs and other information for the twelve months ended September 30, 2021 and September 30, 2020 is as follows:

 

 

 

September 30,

 

 

September 30,

 

(in thousands)

 

2021

 

 

2020

 

Lease cost:

 

 

 

 

 

 

 

 

Operating lease cost

 

$

25,185

 

 

$

25,396

 

Short-term lease cost

 

 

826

 

 

 

775

 

Variable lease cost

 

 

5,867

 

 

 

5,255

 

Total lease cost

 

$

31,878

 

 

$

31,426

 

 

 

 

 

 

 

 

 

 

Other information:

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

     Operating cash flows from operating leases

 

$

24,894

 

 

$

24,943

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

15,894

 

 

$

20,487

 

 

As of September 30, 2021, our operating leases had a weighted average remaining lease term of 6.6 years and a weighted average discount rate of 4.8%. Maturities of noncancelable operating lease liabilities as of September 30, 2021 are as follows:

 

 

 

September 30,

 

(in thousands)

 

2021

 

2022

 

$

21,920

 

2023

 

 

19,801

 

2024

 

 

17,892

 

2025

 

 

15,970

 

2026

 

 

12,771

 

Thereafter

 

 

31,221

 

Total undiscounted lease payments

 

 

119,575

 

Less imputed interest

 

 

(19,110

)

Total lease liabilities

 

$

100,465