Leases

3 Months Ended

Dec. 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 2022 and 2041.

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

	Three Months Ended December 31,
	2021		2020
Operating lease costs	$	2,171	$	1,704
Finance lease costs:
Amortization of assets		75		311
Interest on lease liabilities		3		16
Total finance lease costs		78		327
Variable lease costs		518		406
Short-term lease costs		354		38
Total lease costs	$	3,121	$	2,475

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

	December 31, 2021			September 30, 2021
Operating Leases:
Operating lease right-of-use assets	$	47,971		$	49,650
Accrued expenses and other current liabilities	$	5,342		$	5,254
Long-term operating lease liabilities		43,802			45,088
Total operating lease liabilities	$	49,144		$	50,342
Finance Leases:
Property, plant and equipment, at cost	$	2,252		$	2,252
Accumulated amortization		(2,180)			(2,105)
Property, plant and equipment, net	$	72		$	147
Accrued expenses and other current liabilities	$	171		$	360
Other long-term liabilities		(10)			(10)
Total finance lease liabilities	$	161		$	350
Weighted average remaining lease term (in years):
Operating leases		11.18			11.33
Finance leases		0.33			0.53
Weighted average discount rate:
Operating leases		3.89	%		3.90	%
Finance leases		4.86	%		4.87	%

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

	Three Months Ended December 31,
	2021		2020
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases	$	1,659	$	1,432
Operating cash flows from finance leases		3		16
Financing cash flows from finance leases		190		304
ROU assets obtained in exchange for lease liabilities:
Operating leases	$	186	$	3,532

Future lease payments for operating and finance leases as of December 31, 2021 were as follows for the remainder of fiscal year 2022, the subsequent five fiscal years and thereafter (in thousands):

	Operating Leases		Finance Leases
2022	$	5,428	$	171
2023		6,479		-
2024		5,769		-
2025		5,578		-
2026		5,499		-
2027		5,298		-
Thereafter		27,574		-
Total future lease payments		61,625		171
Less imputed interest		(12,481)		(10)
Total lease liability balance	$	49,144	$	161

As of December 31, 2021, the Company has entered into leases that have not commenced with future lease payments of $4.5 million. These leases are not yet recorded in the accompanying unaudited Consolidated Balance Sheets. These leases will commence in 2022.