Leases

3 Months Ended

Dec. 31, 2020

Leases [Abstract]

Leases

9. Leases

The Company has operating leases for real estate and non-real estate and finance leases for non-real estate in North America, Europe, and Asia. Non-real estate leases are primarily related to vehicles and office equipment. Lease expiration dates range between 2021 and 2039.

The components of operating lease expense were as follows (in thousands):

	Three Months Ended December 31,
	2020		2019
Operating lease costs	$	2,608	$	2,122
Finance lease costs:
Amortization of assets		312		311
Interest on lease liabilities		15		29
Total finance lease costs		327		340
Variable lease costs		525		406
Short-term lease costs		110		164
Total lease costs	$	3,570	$	3,032

Supplemental balance sheet information related to leases is as follows (in thousands, except lease term and discount rate):

	December 31, 2020			September 30, 2020
Operating Leases:
Operating lease right-of-use assets	$	42,129		$	39,071
Accrued expenses and other current liabilities	$	7,937		$	7,015
Long-term operating lease liabilities		34,173			31,855
Total operating lease liabilities	$	42,110		$	38,870
Finance Leases:
Property, plant and equipment, at cost	$	2,252		$	2,540
Accumulated amortization		(1,557)			(1,246)
Property, plant and equipment, net	$	695		$	1,294
Accrued expenses and other current liabilities	$	1,022		$	1,135
Other long-term liabilities		158			348
Total finance lease liabilities	$	1,180		$	1,483
Weighted average remaining lease term (in years):
Operating leases		8.22			8.72
Finance leases		1.10			1.32
Weighted average discount rate:
Operating leases		3.96	%		3.92	%
Finance leases		4.75	%		4.73	%

Supplemental cash flow information related to operating leases was as follows (in thousands, unaudited):

	Three Months Ended December 31,
	2020		2019
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases	$	2,463	$	1,807
Operating cash flows from finance leases		15		29
Financing cash flows from finance leases		304		290

Future lease payments for operating and finance leases as of December 31, 2020 were as follows for the remainder of fiscal year 2021, the subsequent four fiscal years and thereafter (in thousands):

	Operating Leases		Finance Leases
Fiscal year ended September 30,
2021	$	7,116	$	852
2022		7,863		363
2023		5,617		-
2024		5,250		-
2025		4,719		-
Thereafter		19,536		-
Total future lease payments		50,101		1,215
Less imputed interest		(7,991)		(35)
Total lease liability balance	$	42,110	$	1,180

As of December 31, 2020, the Company has entered into leases that have not commenced with future lease payments of $6.5 million. These leases are not yet recorded in the accompanying unaudited Consolidated Balance Sheets. These leases will commence in 2021.