Leases

9 Months Ended

Jun. 30, 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 June 30,				Nine Months Ended June 30,
	2021		2020		2021		2020
Operating lease costs	$	2,878	$	2,358	$	8,135	$	6,755
Finance lease costs:
Amortization of assets		182		311		745		933
Interest on lease liabilities		10		29		31		84
Total finance lease costs		192		340		776		1,017
Variable lease costs		514		448		1,578		1,314
Short-term lease costs		123		181		349		477
Total lease costs	$	3,707	$	3,327	$	10,838	$	9,563

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

	June 30, 2021			September 30, 2020
Operating Leases:
Operating lease right-of-use assets	$	52,159		$	39,071
Accrued expenses and other current liabilities	$	7,489		$	7,015
Long-term operating lease liabilities		45,034			31,855
Total operating lease liabilities	$	52,523		$	38,870
Finance Leases:
Property, plant and equipment, at cost	$	2,252		$	2,540
Accumulated amortization		(1,989)			(1,246)
Property, plant and equipment, net	$	263		$	1,294
Accrued expenses and other current liabilities	$	610		$	1,135
Other long-term liabilities		(10)			348
Total finance lease liabilities	$	600		$	1,483
Weighted average remaining lease term (in years):
Operating leases		10.73			8.72
Finance leases		0.71			1.32
Weighted average discount rate:
Operating leases		4.02	%		3.92	%
Finance leases		4.81	%		4.73	%

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

	Three Months Ended June 30,				Nine Months Ended June 30,
	2021		2020		2021		2020
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases	$	2,532	$	2,215	$	7,530	$	6,089
Operating cash flows from finance leases		8		22		35		77
Financing cash flows from finance leases		269		297		881		880
ROU assets obtained in exchange for lease liabilities:
Operating leases	$	14,066	$	3,026	$	19,033	$	13,753

Future lease payments for operating and finance leases as of June 30, 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	$	2,501	$	251
2022		9,032		363
2023		7,286		-
2024		6,378		-
2025		5,779		-
Thereafter		34,475		-
Total future lease payments		65,451		614
Less imputed interest		(12,928)		(14)
Total lease liability balance	$	52,523	$	600

As of June 30, 2021, the Company has entered into leases that have not commenced with future lease payments of $15.1 million. These leases are not yet recorded in the accompanying unaudited Consolidated Balance Sheets. These leases will commence in 2021.