Operating Leases (Tables)

9 Months Ended

Jun. 30, 2023

Leases [Abstract]

Lease, Cost

For the three and nine months ended June 30, 2023 and 2022, operating lease expense and cash payments on lease liabilities were as follows:

	Three Months Ended June 30,				Nine Months Ended June 30,
in thousands	2023		2022		2023		2022
Operating lease expense	$	963	$	986	$	2,920	$	2,964
Cash payments on lease liabilities	$	1,027	$	1,083	$	3,271	$	3,259

At June 30, 2023 and 2022, the weighted-average remaining lease term and discount rate were as follows:

	As of June 30,
	2023	2022
Weighted-average remaining lease term	7.2 years	4.4 years
Weighted-average discount rate	5.95%	4.45%

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, 2023:

Fiscal Years Ending September 30,
in thousands
2023(a)	$	977
2024	3,836
2025	3,550
2026	2,924
2027	2,016
Thereafter	9,360
Total lease payments(b)	22,663
Less: imputed interest	4,998
Total operating lease liabilities	$	17,665

(a) Remaining lease payments are for the period beginning July 1, 2023 through September 30, 2023.

(b) Lease payments excludes $3.3 million of legally binding minimum lease payments for office leases 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, 2023.