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Leases (Notes)

12 Months Ended

Sep. 30, 2021

9. LEASES

We enter into various contractual arrangements for the right to use facilities, vehicles and equipment. The lease term generally ranges from two to ten years for facilities and three to five years for vehicles and equipment. Our lease terms may include the exercise of renewal or termination options when it is reasonably certain these options will be exercised. Our lease agreements do not contain any material residual value guarantees or restrictive covenants.

Current operating and finance liabilities of $13,973 and $1,033, respectively, were included in "Accounts payable and accrued expenses" in the Consolidated Balance Sheets as of September 30, 2021. Non-current finance lease liabilities and finance lease right-of-use assets were included in the "Other non-current liabilities" and "Other non-current assets", respectively, in the Consolidated Balance Sheets.

The maturities of our lease liabilities as of September 30, 2021, are as follows:


	Operating Leases		Finance Leases		Total
2022	$	3,840	$	266	$	4,106
2023	13,481		1,055		14,536
2024	9,466		1,043		10,509
2025	6,430		999		7,429
2026	4,632		715		5,347
Thereafter	9,411		181		9,592
Total undiscounted lease payments	$	47,260	$	4,259	$	51,519
Less: imputed interest	4,637		354		4,991
Present value of lease liabilities	$	42,623	$	3,905	$	46,528

The total future undiscounted cash flows related to lease agreements committed to but not yet commenced as of September 30, 2021, is $7,296.

Lease cost recognized in our Consolidated Statements of Comprehensive Income is summarized as follows:


	Year Ended September 30,
	2021		2020
Operating lease cost	$	13,405	$	12,910
Finance lease cost
Amortization of lease assets	634		203
Interest on lease liabilities	119		47
Finance lease cost	753		250
Short-term lease cost	1,575		1,163
Variable lease cost	1,286		827
Total lease cost	$	17,019	$	15,150

Other information about lease amounts recognized in our Consolidated Financial Statements is summarized as follows:


	Year Ended September 30,
	2021		2020
Operating cash flows used for operating leases	$	15,011	$	12,934
Operating cash flows used for finance leases	119		47
Right-of-use assets obtained in exchange for new operating lease liabilities	24,606		10,640
Right-of-use assets obtained in exchange for new finance lease liabilities	2,962		1,803


	Year Ended September 30,
	2021		2020
Weighted-average remaining lease term - operating leases	5.0 years		4.3 years
Weighted-average remaining lease term - finance leases	4.2 years		4.4 years
Weighted-average discount rate - operating leases	3.7	%	3.9	%
Weighted-average discount rate - finance leases	4.3	%	5.1	%

For a discussion of leases with certain related parties which are included above, see Note 13, “Related-Party Transactions.”

Rent expense was $14,980, $14,073 and $10,553 for the years ended September 30, 2021, 2020 and 2019, respectively.

Lessee, Operating Leases