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Leases (Tables)
12 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Other Pertinent Information Related to Leases
Our ROU assets and lease liabilities are presented as follows on the consolidated balance sheets:
 
Balance Sheet Classification
September 30, 2020
 
 
(In thousands)
Assets
 
 
Finance leases
Net Property, Plant and Equipment
$
8,480

Operating leases
Deferred charges and other assets
227,146

Total right-of-use assets
 
$
235,626

Liabilities
 
 
Current
 
 
Finance leases
Current maturities of long-term debt
$
165

Operating leases
Other current liabilities
35,716

Noncurrent
 
 
Finance leases
Long-term debt
8,466

Operating leases
Deferred credits and other liabilities
201,071

Total lease liabilities
 
$
245,418

Other pertinent information related to leases was as follows. During the year ended September 30, 2020, amounts paid in cash for our finance leases were not material.
 
September 30, 2020
 
(In thousands)
Cash paid amounts included in the measurement of lease liabilities
 
Operating cash flows used for operating leases
$
37,758

Right-of-use assets obtained in exchange for lease obligations
 
Finance leases
$
6,083

Operating leases
$
34,169



Lease costs for the year ended September 30, 2020 are presented in the table below. These costs include both amounts recognized in expense and amounts capitalized. For the year ended September 30, 2020 we did not have material short-term lease costs or variable lease costs.
 
September 30, 2020
 
(In thousands)
Finance lease cost
$
622

Operating lease cost
40,887

Total lease cost
$
41,509


The following table represents our weighted average discount rate:
 
September 30, 2020
Weighted average discount rate
 
Finance leases
8.0
%
Operating leases
2.9
%

The following table presents our weighted average remaining lease term for our leases.
 
September 30, 2020
Weighted average remaining lease term (years)
 
Finance leases
19.1
Operating leases
10.6

Schedule of Finance Lease Liability Maturities
Maturities of our lease liabilities as of September 30, 2020 were as follows:
 
Total
Finance Leases
Operating Leases
 
(In thousands)
2021
$
40,790

$
741

$
40,049

2022
38,423

751

37,672

2023
33,266

762

32,504

2024
25,464

773

24,691

2025
17,666

784

16,882

Thereafter
139,049

12,666

126,383

Total lease payments
294,658

16,477

278,181

Less: Imputed interest
49,240

7,846

41,394

Total
$
245,418

$
8,631

$
236,787

Reported as of September 30, 2020
 
 
 
Short-term lease liabilities
$
35,881

$
165

$
35,716

Long-term lease liabilities
209,537

8,466

201,071

Total lease liabilities
$
245,418

$
8,631

$
236,787


Schedule of Operating Lease Liability Maturities
Maturities of our lease liabilities as of September 30, 2020 were as follows:
 
Total
Finance Leases
Operating Leases
 
(In thousands)
2021
$
40,790

$
741

$
40,049

2022
38,423

751

37,672

2023
33,266

762

32,504

2024
25,464

773

24,691

2025
17,666

784

16,882

Thereafter
139,049

12,666

126,383

Total lease payments
294,658

16,477

278,181

Less: Imputed interest
49,240

7,846

41,394

Total
$
245,418

$
8,631

$
236,787

Reported as of September 30, 2020
 
 
 
Short-term lease liabilities
$
35,881

$
165

$
35,716

Long-term lease liabilities
209,537

8,466

201,071

Total lease liabilities
$
245,418

$
8,631

$
236,787


Schedule of Future Minimum Lease Payments for Capital Leases
The future minimum lease payments as of September 30, 2019 were as follows:
 
Operating
Leases(1)
 
Capital
Lease
 
(In thousands)
2020
$
21,017

 
$
243

2021
20,416

 
248

2022
19,370

 
253

2023
18,071

 
258

2024
15,718

 
263

Thereafter
105,544

 
4,343

Total minimum lease payments
$
200,136

 
5,608

Less amount representing interest
 
 
3,018

Present value of net minimum lease payments
 
 
$
2,590



(1)
Future minimum lease payments do not include amounts for fleet leases and other de minimis items that can be renewed beyond the initial lease term. The Company anticipates renewing the leases beyond the initial term, but the anticipated payments associated with the renewals do not meet the definition of expected minimum lease payments and therefore are not included above. Expected payments are $17.6 million in 2020, $18.0 million in 2021, $11.8 million in 2022, $8.5 million in 2023, $5.4 million in 2024 and $2.7 million thereafter.
Schedule of Future Minimum Rental Payments for Operating Leases
The future minimum lease payments as of September 30, 2019 were as follows:
 
Operating
Leases(1)
 
Capital
Lease
 
(In thousands)
2020
$
21,017

 
$
243

2021
20,416

 
248

2022
19,370

 
253

2023
18,071

 
258

2024
15,718

 
263

Thereafter
105,544

 
4,343

Total minimum lease payments
$
200,136

 
5,608

Less amount representing interest
 
 
3,018

Present value of net minimum lease payments
 
 
$
2,590



(1)
Future minimum lease payments do not include amounts for fleet leases and other de minimis items that can be renewed beyond the initial lease term. The Company anticipates renewing the leases beyond the initial term, but the anticipated payments associated with the renewals do not meet the definition of expected minimum lease payments and therefore are not included above. Expected payments are $17.6 million in 2020, $18.0 million in 2021, $11.8 million in 2022, $8.5 million in 2023, $5.4 million in 2024 and $2.7 million thereafter.