Leases (Tables)

3 Months Ended

Dec. 31, 2019

Leases [Abstract]

Schedule of Impact of Adopting Standard on Consolidated Balance Sheet

The impact of adopting the standard on our consolidated balance sheet at October 1, 2019 is as follows:

(in thousands)	Ref	September 30, 2019			ASC 842 Adjustments			October 1, 2019
Long-term assets:
Operating leases right-of-use assets		$	—		$	17,398		$	17,398
Current liabilities:
Deferred rent liability - short-term	(a)	44			(44		)	—
Operating leases liabilities - current		—			3,645			3,645
Long-term liabilities:
Deferred rent liability - long-term	(b)	276			(276		)	—
Unamortized tenant improvement allowance	(c)	297			(297		)	—
Operating leases liabilities - long-term		—			14,372			14,372
Shareholders' equity:
Accumulated deficit		(39,555		)	(2		)	(39,557		)

Ref (a): The balance of short-term deferred rent liability was presented in our most recent annual 10K report within accounts payable, accrued expenses, and other accrued liabilities on our consolidated balance sheet at September 30, 2019.

Ref (b): The balance of long-term deferred rent liability was presented in our most recent annual 10K report within total long-term liabilities on our consolidated balance sheet at September 30, 2019.

Ref (c): The balance of unamortized tenant improvement allowance was presented in our most recent annual 10K report within total long-term liabilities on our consolidated balance sheet at September 30, 2019.

Schedule of Summarized Lease Balances in Consolidated Balance Sheet

The following table summarizes lease balances in our consolidated balance sheet at December 31, 2019:

	(in thousands)
	December 31, 2019
Operating lease right-of-use assets	$	23,716
Operating lease liabilities, current	$	1,723
Operating lease liabilities - long-term	22,553
Total operating lease liabilities	$	24,276

Schedule of Lease Costs and Other Information Related to Leases

Other information related to our leases are as follows:

	December 31, 2019
Weighted-average remaining lease term	9.7 years
Weighted-average discount rate	6.03	%

	(in thousands)
	Three Months Ended
	December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities	$	1,270
Lease liabilities arising from obtaining right-of-use-assets	245

The Company's lease costs are included within general and administrative costs and for the three months ending December 31, 2019, total lease costs for our operating leases are as follows:

	(in thousands)
	Three Months Ended
	December 31, 2019
Lease Costs:
Operating	$	1,263
Short-term	56
Variable	20
Total lease costs	$	1,339

Schedule of Company's Future Lease Payments

The Company's future minimum lease payments as of December 31, 2019 are as follows:

For the Fiscal Year Ending September 30,	(in thousands)
2020 (Remaining)	$	2,291
2021	3,156
2022	3,244
2023	3,264
2024	3,215
Thereafter	17,776
Total future lease payments	32,946
Less: imputed interest	(8,670		)
Present value of future minimum lease payments	24,276
Less: current portion of operating lease liabilities	(1,723		)
Long-term operating lease liabilities	$	22,553