Leases

3 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases

4. Leases

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

	December 31, 2022		September 30, 2022
Assets
Right-of-use assets - operating	$	10,832	$	11,258
Right-of-use assets - finance		131		149
Total right-of-use assets	$	10,963	$	11,407
Liabilities
Current
Operating lease liabilities	$	2,134	$	2,101
Finance lease liabilities		71		71
Total current portion of long-term lease liabilities		2,205		2,172
Long-term
Operating lease liabilities		8,937		9,395
Finance lease liabilities		59		76
Total long-term lease liabilities		8,996		9,471
Total lease liabilities	$	11,201	$	11,643

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 December 31,
Lease cost	Classification	2022		2021
Operating lease cost	Cost of sales	$	461	$	197
Operating lease cost	Selling, general and administrative		177		84
Operating lease cost	Research, development and engineering		3		—
Finance lease cost	Cost of sales		1		1
Finance lease cost	Selling, general and administrative		18		16
Short-term lease cost	Cost of sales		8		—
Total lease cost		$	668	$	298

Future minimum lease payments under non-cancelable leases as of December 31, 2022, are as follows, in thousands:

	Operating Leases		Finance Leases		Total
Remainder of 2023	$	1,917	$	57	$	1,974
2024		2,158		57		2,215
2025		997		9		1,006
2026		871		9		880
2027		782		3		785
Thereafter		7,892		—		7,892
Total lease payments		14,617		135		14,752
Less: Interest		3,546		5		3,551
Present value of lease liabilities	$	11,071	$	130	$	11,201

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:

	December 31, 2022			September 30, 2022
Weighted average remaining lease term
Operating leases	12.77 years			12.65 years
Finance leases	2.25 years			2.45 years
Weighted average discount rate
Operating leases		4.17	%		4.17	%
Finance leases		4.17	%		4.17	%