Leases

6 Months Ended

Mar. 31, 2021

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 2041.

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

	Three Months Ended March 31,				Six Months Ended March 31,
	2021		2020		2021		2020
Operating lease costs	$	2,649	$	2,275	$	5,257	$	4,397
Finance lease costs:
Amortization of assets		251		311		563		622
Interest on lease liabilities		6		26		21		55
Total finance lease costs		257		337		584		677
Variable lease costs		539		460		1,064		866
Short-term lease costs		116		132		226		296
Total lease costs	$	3,561	$	3,204	$	7,131	$	6,236

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

	March 31, 2021			September 30, 2020
Operating Leases:
Operating lease right-of-use assets	$	40,203		$	39,071
Accrued expenses and other current liabilities	$	7,506		$	7,015
Long-term operating lease liabilities		32,749			31,855
Total operating lease liabilities	$	40,255		$	38,870
Finance Leases:
Property, plant and equipment, at cost	$	2,252		$	2,540
Accumulated amortization		(1,807)			(1,246)
Property, plant and equipment, net	$	445		$	1,294
Accrued expenses and other current liabilities	$	836		$	1,135
Other long-term liabilities		31			348
Total finance lease liabilities	$	867		$	1,483
Weighted average remaining lease term (in years):
Operating leases		8.13			8.72
Finance leases		0.91			1.32
Weighted average discount rate:
Operating leases		4.00	%		3.92	%
Finance leases		4.78	%		4.73	%

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

	Three Months Ended March 31,				Six Months Ended March 31,
	2021		2020		2021		2020
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases	$	2,535	$	2,067	$	4,998	$	3,874
Operating cash flows from finance leases		12		26		27		55
Financing cash flows from finance leases		308		293		612		583

Future lease payments for operating and finance leases as of March 31, 2021 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	$	4,835	$	527
2022		7,996		363
2023		5,927		-
2024		5,242		-
2025		4,715		-
Thereafter		18,954		-
Total future lease payments		47,669		890
Less imputed interest		(7,414)		(23)
Total lease liability balance	$	40,255	$	867

As of March 31, 2021, the Company has entered into leases that have not commenced with future lease payments of $33.7 million. These leases are not yet recorded in the accompanying unaudited Consolidated Balance Sheets. These leases will commence in 2021.