Leases (Tables)

6 Months Ended

Mar. 31, 2022

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 March 31, 2022 and September 30, 2021:

	March 31, 2022			September 30, 2021
Weighted-average remaining lease term (in months):
Operating leases		50.2			52.2
Finance leases		41.6			47.1
Weighted-average discount rate:
Operating leases		3.9	%		5.1	%
Finance leases		4.4	%		4.4	%

Summary of Lease Expense

The following table presents lease expense for the three and six months ended March 31, 2022 and 2021 (dollars in thousands):

	Three Months Ended March 31,						Six Months Ended March 31,
	2022			2021			2022			2021
Finance lease costs:
Amortization of right of use asset	$	109		$	73		$	218		$	214
Interest on lease liability		13			17			27			32
Operating lease cost		1,949			1,869			3,507			3,940
Variable lease cost		812			292			1,689			470
Sublease income		(47	)		(51	)		(95	)		(104	)
Total lease cost	$	2,836		$	2,200		$	5,346		$	4,552

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 March 31, 2022 (dollars in thousands):

Year Ending September 30,	Operating Leases			Financing Leases			Total
2022	$	3,525		$	208		$	3,733
2023		5,855			469			6,324
2024		5,091			417			5,508
2025		3,326			362			3,688
2026		1,892			52			1,944
Thereafter		2,470			—			2,470
Total future minimum lease payments	$	22,159		$	1,508		$	23,667
Less effects of discounting		(1,566	)		(89	)		(1,655	)
Total lease liabilities	$	20,593		$	1,419		$	22,012
Reported as of March 31, 2022
Short-term lease liabilities	$	5,844		$	425		$	6,269
Long-term lease liabilities		14,749			994			15,743
Total lease liabilities	$	20,593		$	1,419		$	22,012