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Leases (Tables)
3 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Supplemental Balance Sheet Information
The following table shows the supplemental balance sheet information related to our leases (in thousands):
Balance Sheet LocationDecember 31, 2022September 30, 2022
Assets
Operating leasesOperating lease right-of-use assets$14,897 $15,299 
Total lease assets$14,897 $15,299 
Liabilities
Operating leasesCurrent portion of operating lease liabilities$3,357 $3,196 
Operating leasesOperating lease liabilities16,334 16,978 
Total lease liabilities$19,691 $20,174 
Components of Lease Cost
The following were the components of our lease cost which is recorded in both cost of goods sold and selling, general and administrative expense (in thousands):
Three months ended December 31,
20222021
Operating lease cost$904 $937 
Variable lease cost309 28 
Short-term lease cost25 273 
Total lease cost$1,238 $1,238 
Supplemental Disclosures Leases In November 2021, Digi acquired $0.9 million in right of-use assets and assumed $0.9 million in lease liabilities from the acquisition of Ventus that are included in the balances at December 31, 2021.At December 31, 2022 the weighted average remaining lease term of our operating leases was 6.8 years and the weighted average discount rate for these leases was 3.4%.
Operating Lease Liability Maturity
The table below reconciles the undiscounted cash flows for each of the first five years as well as all the remaining years to the operating lease liabilities recorded on the condensed consolidated balance sheet as of December 31, 2022 (in thousands):
Fiscal yearAmount
2023 (nine months)$2,833 
20243,689 
20253,339 
20263,122 
20272,042 
20281,956 
Thereafter5,269 
Total future undiscounted lease payments22,250 
Less imputed interest(2,559)
Total reported lease liability$19,691