Leases (Tables)

3 Months Ended

Dec. 31, 2021

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, 2021 and September 30, 2021:

	December 31, 2021			September 30, 2021
Weighted-average remaining lease term (in months):
Operating leases		46.9			52.2
Finance leases		44.6			47.1
Weighted-average discount rate:
Operating leases		4.5	%		5.1	%
Finance leases		4.4	%		4.4	%

Summary of Lease Expense

The following table presents lease expense for the three months ended December 31, 2021 and 2020 (dollars in thousands):

	Three Months Ended December 31,
	2021			2020
Finance lease costs:
Amortization of right of use asset	$	109		$	141
Interest on lease liability		14			15
Operating lease cost		1,558			2,071
Variable lease cost		877			178
Sublease income		(48	)		(53	)
Total lease cost	$	2,510		$	2,352

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 to the total lease liabilities recognized on the Condensed Consolidated Balance Sheet as of December 31, 2021 (dollars in thousands):

Year Ending September 30,	Operating Leases			Financing Leases			Total
2022	$	4,772		$	312		$	5,084
2023		5,219			468			5,687
2024		4,570			417			4,987
2025		2,368			362			2,730
2026		1,518			53			1,571
Thereafter		1,520			—			1,520
Total future minimum lease payments	$	19,967		$	1,612		$	21,579
Less effects of discounting		(1,583	)		(102	)		(1,685	)
Total lease liabilities	$	18,384		$	1,510		$	19,894
Reported as of December 31, 2021
Short-term lease liabilities	$	5,386		$	370		$	5,756
Long-term lease liabilities		12,998			1,140			14,138
Total lease liabilities	$	18,384		$	1,510		$	19,894