Leases (Tables)

6 Months Ended

Mar. 31, 2020

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 March 31, 2020:



	(in thousands)
	March 31, 2020
Operating lease right-of-use assets	$	22,816

Operating lease liabilities, current	$	1,311
Operating lease liabilities - long-term	22,128
Total operating lease liabilities	$	23,439

Schedule of Lease Costs and Other Information Related to Leases

The Company's lease costs are included within general and administrative costs and for the three and six months ending March 31, 2020, total lease costs for our operating leases are as follows:



	(in thousands)
	Three Months Ended		Six Months Ended
	March 31, 2020		March 31, 2020
Lease Costs:
Operating	$	1,253	$	2,516
Short-term	47		103
Variable	3		23
Total lease costs	$	1,303	$	2,642

Other information related to our leases are as follows:



	March 31, 2020
Weighted-average remaining lease term	9.7 years
Weighted-average discount rate	6.03	%



	(in thousands)
	Three Months Ended		Six Months Ended
	March 31, 2020		March 31, 2020
Cash paid for amounts included in the measurement of lease liabilities	$	1,197	$	2,467
Lease liabilities arising from obtaining right-of-use-assets	$	—	$	245

Schedule of Company's Future Lease Payments

The Company's future minimum lease payments as of March 31, 2020 are as follows:



For the Fiscal Year Ending September 30,	(in thousands)
2020 (Remaining)	$	1,094
2021	3,156
2022	3,244
2023	3,264
2024	3,215
Thereafter	17,776
Total future lease payments	31,749
Less: imputed interest	(8,310		)
Present value of future minimum lease payments	23,439
Less: current portion of operating lease liabilities	(1,311		)
Long-term operating lease liabilities	$	22,128