Leases (Tables)

12 Months Ended

Sep. 30, 2024

the operating lease expense is recorded on a straight-line basis over the lease term.

Lease costs were as follows:


	Year Ended September 30,
	2024		2023		2022
Total net lease cost(1),(2)	$	54,904	$	64,696	$	107,883

(1)

The lease cost includes immaterial amounts of lease income. The decline in net lease cost for the fiscal year 2023, compared to fiscal year 2022, is primarily attributable to completion of the move during fiscal year 2023 from leased facilities in Ra’anana Israel to the Company owned facilities, leading to a change from primarily lease costs to other expenses, including depreciation and operational costs.

(2)

Variable lease cost is immaterial.

Summary of Supplemental Information Related to Operating Lease

Supplemental information related to operating lease transactions was as follows:


	Year Ended September 30,
	2024		2023
Lease liability payments	$	57,319	$	63,286
Lease assets obtained in exchange for liabilities	$	33,964	$	31,626


	As of September 30,
	2024			2023
Weighted average remaining lease term — Operating leases	5.0 Years			5.3 Years
Weighted average discount rate — Operating leases		4.0	%		3.9	%

Future Undiscounted Cash Outflows for Operating Leases Maturity

The following maturity analysis presents future undiscounted cash outflows for operating leases as of September 30, 2024:


For the year ended September 30,
2025	$	44,581
2026		32,378
2027		24,022
2028		19,349
2029		15,480
Thereafter		24,165
Total lease payments	$	159,975
Less: imputed interest		(16,530	)
Present value of lease liabilities	$	143,445