Leases (Tables)

3 Months Ended

Dec. 31, 2020

Summary of Lease Term and Incremental Borrowing Rates for Leases

The following table presents certain information related to lease term and incremental borrowing rates for leases as of December 31, 2020 and September 30, 2020:

	December 31, 2020			September 30, 2020
Weighted-average remaining lease term (in months):
Operating leases		51.8			55.9
Finance leases		52.7			55.8
Weighted-average discount rate:
Operating leases		7.2	%		7.4	%
Finance leases		4.4	%		4.4	%

Summary of Lease Expense

The following table presents lease expense for the three months ended December 31, 2020 and 2019 (dollars in thousands):

	Three months ended December 31, 2020			Three months ended December 31, 2019
Finance lease costs:
Amortization of right of use asset	$	141		$	36
Interest on lease liability		15			-
Operating lease cost		2,229			1,890
Variable lease cost		20			309
Sublease income		(53	)		(55	)
Total lease cost	$	2,352		$	2,180

Summary of Undiscounted Future Minimum Lease Payments Under Non-cancelable Leases

The table below reconciles the undiscounted future minimum lease payments under non-cancelable leases with terms of more than one year to the total lease liabilities recognized on the condensed consolidated balance sheet as of December 31, 2020 (dollars in thousands):

Year Ending September 30,	Operating Leases			Financing Leases			Total
2021 (excluding three months ended December 31, 2020)	$	5,850		$	339		$	6,189
2022		6,811			416			7,227
2023		4,746			416			5,162
2024		4,218			365			4,583
2025		2,319			310			2,629
Thereafter		2,999			15			3,014
Total future minimum lease payments	$	26,943		$	1,861		$	28,804
Less effects of discounting		(3,861	)		(163	)		(4,024	)
Total lease liabilities	$	23,082		$	1,698		$	24,780
Reported as of December 31, 2020
Short-term lease liabilities	$	6,259		$	370		$	6,629
Long-term lease liabilities		16,823			1,328			18,151
Total lease liabilities	$	23,082		$	1,698		$	24,780