Leases

12 Months Ended

Sep. 30, 2021

Leases [Abstract]

Leases

7. 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 operating lease expense were as follows (in thousands):

	Year Ended September 30,
	2021		2020
Operating lease costs	$	7,630	$	6,123
Finance lease costs:
Amortization of assets		859		1,246
Interest on lease liabilities		39		107
Total finance lease costs		898		1,353
Variable lease costs		1,833		1,628
Short-term lease costs		199		225
Total lease costs	$	10,560	$	9,329

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

	September 30, 2021			September 30, 2020
Operating Leases:
Operating lease right-of-use assets	$	49,650		$	23,324
Accrued expenses and other current liabilities	$	5,254		$	3,972
Long-term operating lease liabilities		45,088			18,905
Total operating lease liabilities	$	50,342		$	22,877
Finance Leases:
Property, plant and equipment, at cost	$	2,252		$	2,540
Accumulated amortization		(2,105)			(1,246)
Property, plant and equipment, net	$	147		$	1,294
Accrued expenses and other current liabilities	$	360		$	1,135
Other long-term liabilities		(10)			348
Total finance lease liabilities	$	350		$	1,483
Weighted average remaining lease term (in years):
Operating leases		11.33			9.51
Finance leases		0.53			0.62
Weighted average discount rate:
Operating leases		3.90	%		4.38	%
Finance leases		4.87	%		4.73	%

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

	Year Ended September 30,
	2021		2020
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases	$	6,213	$	5,334
Operating cash flows from finance leases		41		96
Financing cash flows from finance leases		1,130		1,181
ROU assets obtained in exchange for lease liabilities:
Operating leases	$	31,944	$	8,480

Future lease payments for operating and finance leases as of September 30, 2021 were as follows for the subsequent five fiscal years and thereafter (in thousands):

	Operating Leases		Finance Leases
Fiscal year ended September 30,
2022	$	7,030	$	358
2023		6,433		-
2024		5,761		-
2025		5,604		-
2026		5,528		-
Thereafter		33,005		-
Total future lease payments		63,361		358
Less imputed interest		(13,019)		(8)
Total lease liability balance	$	50,342	$	350

As of September 30, 2021, the Company has not entered into any significant leases that have not commenced yet.