Leases (Tables)

12 Months Ended

Sep. 30, 2023

Leases

Schedule of components of lease costs

The components of lease costs are shown below:

	Year Ended		Year Ended
	September 30,		September 30,
(Dollars in thousands)	2023		2022
Finance lease cost:
Amortization	$	1,572		1,572
Interest on lease liabilities		925		973
Operating lease cost		7,224		6,347
Total lease cost	$	9,721		8,892

Schedule of additional information related to leases

Additional information related to leases is shown below:

	Year Ended			Year Ended
	September 30,			September 30,
(Dollars in thousands)	2023			2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	6,964			6,101
Operating cash flows from finance leases		925			973
Financing cash flows from finance leases		1,331			1,224
Right-of-use assets obtained in exchange for operating lease liabilities	$	16,243			4,160
Weighted-average remaining lease term:
Operating leases		11.1	yrs		9.3	yrs
Finance leases		11.1	yrs		12.0	yrs
Weighted-average discount rate:
Operating leases		4.5	%		3.2	%
Finance leases		4.6	%		4.6	%

Schedule of reconciliation of future undiscounted cash flows to the operating and finance lease liabilities, and the related ROU assets

	Year Ended			Year Ended
	September 30,			September 30,
(Dollars in thousands)	2023			2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	6,964			6,101
Operating cash flows from finance leases		925			973
Financing cash flows from finance leases		1,331			1,224
Right-of-use assets obtained in exchange for operating lease liabilities	$	16,243			4,160
Weighted-average remaining lease term:
Operating leases		11.1	yrs		9.3	yrs
Finance leases		11.1	yrs		12.0	yrs
Weighted-average discount rate:
Operating leases		4.5	%		3.2	%
Finance leases		4.6	%		4.6	%

The table below is a reconciliation of future undiscounted cash flows to the operating and finance lease liabilities, and the related ROU assets, presented on our Consolidated Balance Sheet on September 30, 2023:

(Dollars in thousands)	Operating		Finance
Years Ending September 30:	Leases		Leases
2024	$	6,826		2,315
2025		5,645		2,370
2026		4,436		2,434
2027		4,229		2,494
2028 and thereafter		32,806		16,503
Total minimum lease payments		53,942		26,116
Less: amounts representing interest		12,262		6,265
Present value of net minimum lease payments	$	41,680		19,851
Less: current portion of lease obligations		5,126		1,444
Non-current portion of lease obligations		36,554		18,407
ROU assets	$	39,839		15,771

The table below is a reconciliation of future undiscounted cash flows to the operating and finance lease liabilities, and the related ROU assets, presented on our Consolidated Balance Sheet on September 30, 2022:

(Dollars in thousands)	Operating		Finance
Years Ending September 30:	Leases		Leases
2023	$	5,953	2,256
2024		5,132	2,315
2025		3,790	2,370
2026		2,881	2,434
2027 and thereafter		17,029	18,997
Total minimum lease payments		34,785	28,372
Less: amounts representing interest		4,760	7,189
Present value of net minimum lease payments	$	30,025	21,183
Less: current portion of lease obligations		5,172	1,331
Non-current portion of lease obligations		24,853	19,852
ROU assets	$	29,150	17,343