Leases |
Leases The components of lease expense were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Nine Months Ended June 30, | | 2021 | | 2020 | | 2021 | | 2020 | | | | | | | | | Finance lease expense: | | | | | | | | Amortization of right-of use assets on finance leases | $ | 13 | | | $ | 14 | | | $ | 41 | | | $ | 41 | | Interest on lease liabilities | 1 | | | 1 | | | 2 | | | 4 | | Operating lease expense: | 431 | | | 664 | | | 1,523 | | | 1,743 | | | | | | | | | | Variable lease cost: | 34 | | | 39 | | | 104 | | | 118 | | | | | | | | | | Total lease expense | $ | 479 | | | $ | 718 | | | $ | 1,670 | | | $ | 1,906 | |
The following table presents the impact of leasing on the consolidated condensed balance sheet. | | | | | | | | | | | | | | | | Classification in the consolidated condensed balance sheets | June 30, 2021 | | September 30, 2020 | Assets: | | | | | Finance lease assets | Property, plant and equipment, net | $ | 48 | | | $ | 89 | | Operating lease assets | Operating lease right-of-use assets, net | 16,174 | | | 17,021 | | Total lease assets | | $ | 16,222 | | | $ | 17,110 | | | | | | | Current liabilities: | | | | | Finance lease liabilities | Current maturities of long-term debt | $ | 29 | | | $ | 58 | | Operating lease liabilities | Short-term operating lease liabilities | 800 | | | 991 | | Non-current liabilities: | | | | | Finance lease liabilities | Long-term debt, net of current maturities | 7 | | | 22 | | Operating lease liabilities | Long-term operating lease liabilities, net of short-term | 15,624 | | | 16,188 | | Total lease liabilities | | $ | 16,460 | | | $ | 17,259 | |
Supplemental cash flow and other information related to leases were as follows: | | | | | | | | | | | | | June 30, 2021 | | June 30, 2020 | Other Information | | | | | | | | Cash paid for amounts included in measurement of liabilities: | | | | Operating cash flows from operating leases | $ | 1,525 | | | $ | 1,628 | | Operating cash flows from finance leases | 2 | | | 4 | | Financing cash flows from finance leases | 44 | | | 42 | | Right-of-use assets obtained in exchange for new lease liabilities: | | | | | | | | Operating leases | 43 | | | 278 | |
| | | | | | | | | | | | | June 30, 2021 | | September 30, 2020 | Weighted-average remaining lease term (years): | | | | Finance leases | 1.1 | | 1.6 | Operating leases | 14.6 | | 15.2 | Weighted-average discount rate: | | | | Finance leases | 3.9 | % | | 4.8 | % | Operating leases | 5.9 | % | | 5.9 | % |
Future minimum lease under non-cancellable leases at June 30, 2021 were as follows: | | | | | | | | | | Finance Leases | Operating Leases | Year ending September 30, | | | 2021 (excluding the nine months ended June 30, 2021) | $ | 15 | | $ | 425 | | 2022 | 21 | | 1,697 | | 2023 | 1 | | 1,633 | | 2024 | — | | 1,648 | | 2025 | — | | 1,644 | | Thereafter | — | | 17,526 | | Total lease payments | $ | 37 | | $ | 24,573 | | Less: Imputed interest | (1) | | (8,149) | | Present value of lease liabilities | $ | 36 | | $ | 16,424 | |
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Leases |
Leases The components of lease expense were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Nine Months Ended June 30, | | 2021 | | 2020 | | 2021 | | 2020 | | | | | | | | | Finance lease expense: | | | | | | | | Amortization of right-of use assets on finance leases | $ | 13 | | | $ | 14 | | | $ | 41 | | | $ | 41 | | Interest on lease liabilities | 1 | | | 1 | | | 2 | | | 4 | | Operating lease expense: | 431 | | | 664 | | | 1,523 | | | 1,743 | | | | | | | | | | Variable lease cost: | 34 | | | 39 | | | 104 | | | 118 | | | | | | | | | | Total lease expense | $ | 479 | | | $ | 718 | | | $ | 1,670 | | | $ | 1,906 | |
The following table presents the impact of leasing on the consolidated condensed balance sheet. | | | | | | | | | | | | | | | | Classification in the consolidated condensed balance sheets | June 30, 2021 | | September 30, 2020 | Assets: | | | | | Finance lease assets | Property, plant and equipment, net | $ | 48 | | | $ | 89 | | Operating lease assets | Operating lease right-of-use assets, net | 16,174 | | | 17,021 | | Total lease assets | | $ | 16,222 | | | $ | 17,110 | | | | | | | Current liabilities: | | | | | Finance lease liabilities | Current maturities of long-term debt | $ | 29 | | | $ | 58 | | Operating lease liabilities | Short-term operating lease liabilities | 800 | | | 991 | | Non-current liabilities: | | | | | Finance lease liabilities | Long-term debt, net of current maturities | 7 | | | 22 | | Operating lease liabilities | Long-term operating lease liabilities, net of short-term | 15,624 | | | 16,188 | | Total lease liabilities | | $ | 16,460 | | | $ | 17,259 | |
Supplemental cash flow and other information related to leases were as follows: | | | | | | | | | | | | | June 30, 2021 | | June 30, 2020 | Other Information | | | | | | | | Cash paid for amounts included in measurement of liabilities: | | | | Operating cash flows from operating leases | $ | 1,525 | | | $ | 1,628 | | Operating cash flows from finance leases | 2 | | | 4 | | Financing cash flows from finance leases | 44 | | | 42 | | Right-of-use assets obtained in exchange for new lease liabilities: | | | | | | | | Operating leases | 43 | | | 278 | |
| | | | | | | | | | | | | June 30, 2021 | | September 30, 2020 | Weighted-average remaining lease term (years): | | | | Finance leases | 1.1 | | 1.6 | Operating leases | 14.6 | | 15.2 | Weighted-average discount rate: | | | | Finance leases | 3.9 | % | | 4.8 | % | Operating leases | 5.9 | % | | 5.9 | % |
Future minimum lease under non-cancellable leases at June 30, 2021 were as follows: | | | | | | | | | | Finance Leases | Operating Leases | Year ending September 30, | | | 2021 (excluding the nine months ended June 30, 2021) | $ | 15 | | $ | 425 | | 2022 | 21 | | 1,697 | | 2023 | 1 | | 1,633 | | 2024 | — | | 1,648 | | 2025 | — | | 1,644 | | Thereafter | — | | 17,526 | | Total lease payments | $ | 37 | | $ | 24,573 | | Less: Imputed interest | (1) | | (8,149) | | Present value of lease liabilities | $ | 36 | | $ | 16,424 | |
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