Leases |
Leases The components of lease expense were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | Six Months Ended March 31, | | 2022 | | 2021 | | 2022 | | 2021 | | | | | | | | | Finance lease expense: | | | | | | | | Amortization of right-of use assets on finance leases | $ | 2 | | | $ | 13 | | | $ | 14 | | | $ | 27 | | Interest on lease liabilities | — | | | 1 | | | — | | | 2 | | Operating lease expense | 429 | | | 540 | | | 828 | | | 1,092 | | | | | | | | | | Variable lease cost | 30 | | | 35 | | | 60 | | | 69 | | | | | | | | | | Total lease expense | $ | 461 | | | $ | 589 | | | $ | 902 | | | $ | 1,190 | |
The following table presents the impact of leasing on the consolidated condensed balance sheet.
| | | | | | | | | | | | | | | | | | | Classification in the consolidated condensed balance sheets | | March 31, 2022 | | September 30, 2021 | Assets: | | | | | | Finance lease assets | Property, plant and equipment, net | | $ | 20 | | | $ | 34 | | Operating lease assets | Operating lease right-of-use assets, net | | 15,477 | | | 15,943 | | Total lease assets | | | $ | 15,497 | | | $ | 15,977 | | | | | | | | Current liabilities: | | | | | | Finance lease liabilities | Current maturities of long-term debt | | $ | 10 | | | $ | 17 | | Operating lease liabilities | Short-term operating lease liabilities | | 773 | | | 788 | | Non-current liabilities: | | | | | | Finance lease liabilities | Long-term debt, net of current maturities | | — | | | 5 | | Operating lease liabilities | Long-term operating lease liabilities, net of short-term | | 15,050 | | | 15,439 | | Total lease liabilities | | | $ | 15,833 | | | $ | 16,249 | |
Supplemental cash flow and other information related to leases were as follows:
| | | | | | | | | | | | | March 31, 2022 | | March 31, 2021 | Other Information | | | | | | | | Cash paid for amounts included in measurement of liabilities: | | | | Operating cash flows from operating leases | $ | 834 | | | $ | 1,097 | | Operating cash flows from finance leases | — | | | 2 | | Financing cash flows from finance leases | 15 | | | 29 | | Right-of-use assets obtained in exchange for new lease liabilities: | | | | | | | | Operating leases | — | | | 43 | |
| | | | | | | | | | | | | March 31, 2022 | | September 30, 2021 | Weighted-average remaining lease term (years): | | | | Finance leases | 1.1 | | 1.1 | Operating leases | 13.9 | | 14.4 | Weighted-average discount rate: | | | | Finance leases | — | % | | 2.8 | % | Operating leases | 5.9 | % | | 5.9 | % |
Future minimum lease under non-cancellable leases at March 31, 2022 were as follows: | | | | | | | | | | Finance Leases | Operating Leases | Year ending September 30, | | | 2022 (excluding the six months ended March 31, 2022) | $ | 5 | | $ | 829 | | 2023 | 5 | | 1,632 | | 2024 | — | | 1,647 | | 2025 | — | | 1,644 | | 2026 | — | | 1,620 | | Thereafter | — | | 15,912 | | Total lease payments | $ | 10 | | $ | 23,284 | | Less: Imputed interest | — | | (7,461) | | Present value of lease liabilities | $ | 10 | | $ | 15,823 | |
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Leases |
Leases The components of lease expense were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | Six Months Ended March 31, | | 2022 | | 2021 | | 2022 | | 2021 | | | | | | | | | Finance lease expense: | | | | | | | | Amortization of right-of use assets on finance leases | $ | 2 | | | $ | 13 | | | $ | 14 | | | $ | 27 | | Interest on lease liabilities | — | | | 1 | | | — | | | 2 | | Operating lease expense | 429 | | | 540 | | | 828 | | | 1,092 | | | | | | | | | | Variable lease cost | 30 | | | 35 | | | 60 | | | 69 | | | | | | | | | | Total lease expense | $ | 461 | | | $ | 589 | | | $ | 902 | | | $ | 1,190 | |
The following table presents the impact of leasing on the consolidated condensed balance sheet.
| | | | | | | | | | | | | | | | | | | Classification in the consolidated condensed balance sheets | | March 31, 2022 | | September 30, 2021 | Assets: | | | | | | Finance lease assets | Property, plant and equipment, net | | $ | 20 | | | $ | 34 | | Operating lease assets | Operating lease right-of-use assets, net | | 15,477 | | | 15,943 | | Total lease assets | | | $ | 15,497 | | | $ | 15,977 | | | | | | | | Current liabilities: | | | | | | Finance lease liabilities | Current maturities of long-term debt | | $ | 10 | | | $ | 17 | | Operating lease liabilities | Short-term operating lease liabilities | | 773 | | | 788 | | Non-current liabilities: | | | | | | Finance lease liabilities | Long-term debt, net of current maturities | | — | | | 5 | | Operating lease liabilities | Long-term operating lease liabilities, net of short-term | | 15,050 | | | 15,439 | | Total lease liabilities | | | $ | 15,833 | | | $ | 16,249 | |
Supplemental cash flow and other information related to leases were as follows:
| | | | | | | | | | | | | March 31, 2022 | | March 31, 2021 | Other Information | | | | | | | | Cash paid for amounts included in measurement of liabilities: | | | | Operating cash flows from operating leases | $ | 834 | | | $ | 1,097 | | Operating cash flows from finance leases | — | | | 2 | | Financing cash flows from finance leases | 15 | | | 29 | | Right-of-use assets obtained in exchange for new lease liabilities: | | | | | | | | Operating leases | — | | | 43 | |
| | | | | | | | | | | | | March 31, 2022 | | September 30, 2021 | Weighted-average remaining lease term (years): | | | | Finance leases | 1.1 | | 1.1 | Operating leases | 13.9 | | 14.4 | Weighted-average discount rate: | | | | Finance leases | — | % | | 2.8 | % | Operating leases | 5.9 | % | | 5.9 | % |
Future minimum lease under non-cancellable leases at March 31, 2022 were as follows: | | | | | | | | | | Finance Leases | Operating Leases | Year ending September 30, | | | 2022 (excluding the six months ended March 31, 2022) | $ | 5 | | $ | 829 | | 2023 | 5 | | 1,632 | | 2024 | — | | 1,647 | | 2025 | — | | 1,644 | | 2026 | — | | 1,620 | | Thereafter | — | | 15,912 | | Total lease payments | $ | 10 | | $ | 23,284 | | Less: Imputed interest | — | | (7,461) | | Present value of lease liabilities | $ | 10 | | $ | 15,823 | |
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