XML 105 R24.htm IDEA: XBRL DOCUMENT v3.19.3
Commitments
12 Months Ended
Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]  
Commitments Commitments
We occupy the majority of our facilities under non-cancelable operating leases with lease terms in excess of one year. Such facility leases generally provide for annual increases based upon the Consumer Price Index or fixed increments. Rent expense under operating leases, including month-to-month leases, totaled $21.6 million, $19.8 million and $18.6 million during fiscal 2019, 2018 and 2017, respectively.
We have also entered into capital lease commitments for certain computer equipment. Property acquired through capital leases and the associated depreciation of these assets is included in property and equipment on our consolidated balance sheets. The current portion and long-term portion of our capital lease obligations is reported in other accrued liabilities and other liabilities, respectively within the accompanying consolidated balance sheets.
In the ordinary course of business, we enter into contractual purchase obligations and other agreements that are legally binding and specify certain minimum payment terms.
Minimum future commitments under our non-cancelable leases and other obligations were as follows at September 30, 2019:    
 
Future Minimum Lease Commitments
Other Commitments
Year Ending September 30,
Capital Leases
 
Operating Leases
 
(In thousands)
 
2020
$
1,935

 
$
19,842

$
7,000

2021
1,934

 
19,969


2022
1,934

 
17,677


2023

 
16,940


2024

 
14,887


Thereafter

 
24,431


Total
$
5,803

 
$
113,746

$
7,000


We are also a party to a management agreement with 24 of our executives providing for certain payments and other benefits in the event of a qualified change in control of FICO, coupled with a termination of the officer during the following year.