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Operating Leases (Tables)
6 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Lease, Cost For the three and six months ended March 31, 2023 and 2022, operating lease expense and cash payments on lease liabilities were as follows:
Three Months Ended March 31,Six Months Ended March 31,
in thousands2023202220232022
Operating lease expense$956 $979 $1,957 $1,978 
Cash payments on lease liabilities$1,103 $1,090 $2,244 $2,176 
At March 31, 2023 and 2022, the weighted-average remaining lease term and discount rate were as follows:
As of March 31,
20232022
Weighted-average remaining lease term7.3 years4.6 years
Weighted-average discount rate5.79%4.42%
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 March 31, 2023:
Fiscal Years Ending September 30,
in thousands
2023(a)
$2,005 
20243,598 
20253,233 
20262,599 
20271,683 
Thereafter8,220 
    Total lease payments(b)
21,338 
    Less: imputed interest4,664 
    Total operating lease liabilities$16,674 
(a) Remaining lease payments are for the period beginning April 1, 2023 through September 30, 2023.
(b) Lease payments excludes $3.7 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 March 31, 2023.