Leases (Tables)

3 Months Ended

Dec. 31, 2021

Lease assets and lease liabilities as of December 31, 2021 and September 30, 2021 were as follows (in thousands):


Leases	Classification on Balance Sheet	December 31, 2021		September 30, 2021
Assets
ROU operating lease assets	Other assets	$	21,669	$	19,431
Finance lease assets	Other assets		54,144		49,084
Total lease assets		$	75,813	$	68,515

Liabilities
Current
Operating	Accrued expenses and other liabilities	$	4,668	$	3,906
Finance	Accrued expenses and other liabilities		606		71
Non-Current
Operating	Other non-current liabilities		19,962		18,585
Finance	Other non-current liabilities		55,862		50,590
Total lease liabilities		$	81,098	$	73,152

The components of lease expense for the three months ended December 31, 2021 and 2020 were as follows:

	Three Months Ended December 31,
(in thousands)	2021			2020
Operating lease expense	$	1,170		$	784
Finance lease amortization of assets		717			249
Finance lease interest on lease liabilities		804			203
Short term		42			25
Sublease income		(119	)		(71	)
Total lease expense	$	2,614		$	1,190

The tables below present supplemental information related to leases as of December 31, 2021 and September 30, 2021:





Weighted-average remaining lease term (years)	December 31, 2021			September 30, 2021
Operating leases		7.3			7.8
Finance leases		30.9			32.2
Weighted-average discount rate
Operating leases		4.1	%		4.3	%
Finance leases		6.3	%		6.5	%

The following table summarizes the maturities of lease liabilities at December 31, 2021:



(in thousands)	Operating Leases			Finance Leases			Total
2022	$	4,248		$	2,851		$	7,099
2023		5,393			4,534			9,927
2024		4,468			4,233			8,701
2025		3,482			4,021			7,503
2026		2,230			3,858			6,088
Thereafter		9,285			105,220			114,505
Total lease payments		29,106			124,717			153,823
Less: Interest		(4,476	)		(68,249	)		(72,725	)
Present Value of lease liability	$	24,630		$	56,468		$	81,098