LEASES (Tables)
|
9 Months Ended |
Jun. 30, 2023 |
|---|
| Leases [Abstract] |
|
| Components of Operating Lease Cost, Cash Flow Information, and Average Lease Terms and Discount Rates |
Components of operating lease costs are as follows: | | | | | | | | | | | | | | | | For the Three Months Ended June 30, | For the Nine Months Ended June 30, | | 2023 | 2022 | 2023 | 2022 | | Fixed | $ | 11,512 | | $ | 13,021 | | $ | 34,179 | | $ | 32,674 | | Variable (a), (b) | 2,067 | | 2,742 | | 8,085 | | 6,278 | | Short-term (b) | 2,201 | | 1,741 | | 6,249 | | 4,576 | | | Total | $ | 15,780 | | $ | 17,504 | | $ | 48,513 | | $ | 43,528 | |
(a) Primarily relates to common-area maintenance and property taxes. (b) Not recorded on the balance sheet.
Supplemental cash flow information were as follows: | | | | | | | | | | For the Nine Months Ended June 30, | | 2023 | 2022 | | Cash paid for amounts included in the measurement of lease liabilities: | | | | Operating cash flows from operating leases | $ | 30,163 | | $ | 34,759 | | | Financing cash flows from finance leases | 1,673 | | 1,936 | | | Total | $ | 31,836 | | $ | 36,695 | | | | | | | | | | | | | |
Average lease terms and discount rates at June 30, 2023 were as follows: | | | | | | | | | | Weighted-average remaining lease term (years): | | | | Operating leases | | 8.1 | | Finance Leases | | 6.8 | | | | | Weighted-average discount rate: | | | | Operating Leases | | 5.84 | % | | Finance Leases | | 5.56 | % | | | |
|
| Supplemental Condensed Consolidated Balance Sheet Information |
Supplemental Condensed Consolidated Balance Sheet information related to leases were as follows: | | | | | | | | | | June 30, 2023 | September 30, 2022 | | Operating Leases: | | | | Right of use assets: | | | | Operating right-of-use assets | $ | 174,187 | | $ | 183,398 | | | | | | Lease Liabilities: | | | | Current portion of operating lease liabilities | $ | 29,637 | | $ | 31,680 | | | Long-term operating lease liabilities | 154,608 | | 159,414 | | | Total operating lease liabilities | $ | 184,245 | | $ | 191,094 | | | | | | Finance Leases: | | | Property, plant and equipment, net(1) | $ | 12,340 | | $ | 13,696 | | | | | | Lease Liabilities: | | | | Notes payable and current portion of long-term debt | $ | 1,824 | | $ | 2,065 | | | Long-term debt, net | 10,841 | | 11,995 | | | Total financing lease liabilities | $ | 12,665 | | $ | 14,060 | | | | |
(1) Finance lease assets are recorded net of accumulated depreciation of $6,528 and $4,972 as of June 30, 2023 and September 30, 2022, respectively.
|
| Aggregate Future Maturities of Lease Payments for Operating Leases |
The aggregate future maturities of lease payments for operating leases and finance leases as of June 30, 2023 are as follows (in thousands): | | | | | | | | | | Operating Leases | Finance Leases | 2023(a) | $ | 10,405 | | $ | 660 | | | 2024 | 38,331 | | 2,380 | | | 2025 | 35,672 | | 2,199 | | | 2026 | 26,718 | | 2,140 | | | 2027 | 22,103 | | 2,078 | | | 2028 | 17,905 | | 2,074 | | | Thereafter | 83,454 | | 3,628 | | | Total lease payments | $ | 234,588 | | $ | 15,159 | | | Less: Imputed Interest | (50,343) | | (2,494) | | | Present value of lease liabilities | $ | 184,245 | | $ | 12,665 | |
(a) Excluding the nine months ended June 30, 2023.
|
| Aggregate Future Maturities of Lease Payments for Finance Leases |
The aggregate future maturities of lease payments for operating leases and finance leases as of June 30, 2023 are as follows (in thousands): | | | | | | | | | | Operating Leases | Finance Leases | 2023(a) | $ | 10,405 | | $ | 660 | | | 2024 | 38,331 | | 2,380 | | | 2025 | 35,672 | | 2,199 | | | 2026 | 26,718 | | 2,140 | | | 2027 | 22,103 | | 2,078 | | | 2028 | 17,905 | | 2,074 | | | Thereafter | 83,454 | | 3,628 | | | Total lease payments | $ | 234,588 | | $ | 15,159 | | | Less: Imputed Interest | (50,343) | | (2,494) | | | Present value of lease liabilities | $ | 184,245 | | $ | 12,665 | |
(a) Excluding the nine months ended June 30, 2023.
|