Leases

9 Months Ended

Jun. 30, 2022

Leases [Abstract]

Leases

7. Leases

The following table provides information about the financial statement classification of our lease balances reported within the Condensed Consolidated Balance Sheets, in thousands:

	June 30, 2022		September 30, 2021
Assets
Right-of-use assets - operating	$	11,019	$	8,646
Right-of-use assets - finance		152		174
Total right-of-use assets	$	11,171	$	8,820
Liabilities
Current
Operating lease liability	$	1,806	$	470
Finance lease liability		68		61
Total current portion of long-term lease liability		1,874		531
Long-term
Operating lease liability		9,321		8,279
Finance lease liability		80		110
Total long-term lease liability		9,401		8,389
Total lease liability	$	11,275	$	8,920

The following table provides information about the financial statement classification of our lease expenses reported in the Condensed Consolidated Statements of Operations, in thousands:

		Three Months Ended June 30,				Nine Months Ended June 30,
Lease cost	Classification	2022		2021		2022		2021
Operating lease cost	Cost of sales	$	292	$	196	$	687	$	340
Operating lease cost	Selling, general and administrative		41		86		211		170
Operating lease cost	Research, development and engineering		10		—		10		—
Finance lease cost	Cost of sales		1		1		3		4
Finance lease cost	Selling, general and administrative		18		2		53		6
Short-term lease cost	Cost of sales		—		107		—		183
Total lease cost		$	362	$	392	$	964	$	703

Future minimum lease payments under non-cancelable leases as of June 30, 2022, are as follows, in thousands:

	Operating Leases		Finance Leases		Total
Remainder of 2022	$	517	$	18	$	535
2023		2,567		72		2,639
2024		2,167		52		2,219
2025		1,006		6		1,012
2026		889		6		895
Thereafter		8,751		1		8,752
Total lease payments		15,897		155		16,052
Less: Interest		4,770		7		4,777
Present value of lease liabilities	$	11,127	$	148	$	11,275

Operating lease payments include $6.3 million related to optional lease extension periods for multiple leases that are not yet exercisable but are reasonably certain of being exercised.

The following table provides information about the remaining lease terms and discount rates applied:

	June 30, 2022
Weighted average remaining lease term
Operating leases	12.89 years
Finance leases	2.45 years
Weighted average discount rate
Operating leases		4.17	%
Finance leases		4.17	%