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Operating Leases (Tables)
9 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Lease, Cost For the three and nine months ended June 30, 2022 and 2021, operating lease expense and cash payments on lease liabilities were as follows:
Three Months Ended June 30, Nine Months Ended June 30,
in thousands2022202120222021
Operating lease expense$986 $1,075 $2,964 $3,248 
Cash payments on lease liabilities$1,083 $1,161 $3,259 $3,679 
At June 30, 2022 and 2021, the weighted-average remaining lease term and discount rate were as follows:
As of June 30,
20222021
Weighted-average remaining lease term4.4 years4.9 years
Weighted-average discount rate4.45%4.62%
Lessee, Operating Lease, Liability, Maturity
The following is a maturity analysis of the annual undiscounted cash flows reconciled to the carrying value of the operating lease liabilities as of June 30, 2022:
Fiscal Years Ending September 30,
in thousands
2022 (a)
$1,103 
20233,799 
20242,680 
20252,277 
20261,643 
Thereafter1,928 
    Total lease payments (b)
13,430 
    Less: Imputed interest1,275 
    Total operating lease liabilities$12,155 
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(a) Remaining lease payments are for the period beginning July 1, 2022 through September 30, 2022.
(b) Lease payments excludes $10.3 million legally binding minimum lease payments for an office lease signed but not yet commenced. The related ROU asset and operating lease liability are not reflected on the Company's condensed consolidated balance sheet as of June 30, 2022.