Operating Leases (Tables)

3 Months Ended

Dec. 31, 2023

Leases [Abstract]

Lease, Cost

For the three months ended December 31, 2023 and 2022, operating lease expense and cash payments on lease liabilities were as follows:

	Three Months Ended December 31,
in thousands	2023		2022
Operating lease expense	$	1,081	$	1,001
Cash payments on lease liabilities	$	973	$	1,141

At December 31, 2023 and 2022, the weighted-average remaining lease term and discount rate were as follows:

	As of December 31,
	2023	2022
Weighted-average remaining lease term	6.9 years	4.3 years
Weighted-average discount rate	6.03%	4.41%

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 December 31, 2023:

Fiscal Years Ending September 30,
in thousands
2024(a)	$	3,156
2025	4,004
2026	3,393
2027	2,467
2028	2,212
Thereafter	7,967
Total lease payments(b)	23,199
Less: imputed interest	4,908
Total operating lease liabilities	$	18,291

(a) Remaining lease payments are for the period beginning January 1, 2024 through September 30, 2024.

(b) Lease payments exclude $3.5 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 December 31, 2023.