Capital Leases

12 Months Ended

Sep. 30, 2019

Capital Leases

Capital Leases

15.      Capital Leases

The Company leases certain real property, equipment and machinery under capital leases, primarily associated with the new Doble building in Marlborough, Massachusetts and the 2017 acquisitions of NRG and Mayday. The Doble facility lease expires in 2036, the NRG and Mayday facility leases expire in 2029, and the machinery leases expire in 2020. As of September 30, 2019, the net carrying value and accumulated depreciation of the assets under capital leases recorded by the Company were $28.4 million and $3.5 million, respectively. Capital lease obligations are included within other long-term liabilities (long-term portion) and accrued other expenses (current portion). Remaining payments due on the Company’s capital lease obligations as of September 30, 2019, are:

(Dollars in thousands)
Years ending September 30:
2020	$	2,518
2021		2,930
2022		3,012
2023		3,094
2024 and thereafter		31,499
Total minimum lease payments		43,053
Less: amounts representing interest		11,241
Present value of net minimum lease payments		31,812
Current portion of capital lease obligations		1,832
Non-current portion of capital lease obligations	$	29,980