Leases

9 Months Ended

Jun. 30, 2022

Leases [Abstract]

Leases

8. 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 2042.

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

	Three Months Ended June 30,				Nine Months Ended June 30,
	2022		2021		2022		2021
Operating lease costs	$	2,468	$	1,932	$	7,028	$	5,375
Finance lease costs:
Amortization of assets		18		182		147		743
Interest on lease liabilities		-		10		5		33
Total finance lease costs		18		192		152		776
Variable lease costs		783		382		2,056		1,246
Short-term lease costs		640		56		1,357		145
Total lease costs	$	3,909	$	2,562	$	10,593	$	7,542

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

	June 30, 2022			September 30, 2021
Operating Leases:
Operating lease right-of-use assets	$	50,748		$	49,650
Accrued expenses and other current liabilities	$	5,919		$	5,254
Long-term operating lease liabilities		46,719			45,088
Total operating lease liabilities	$	52,638		$	50,342
Finance Leases:
Property, plant and equipment, at cost	$	2,252		$	2,252
Accumulated amortization		(2,252)			(2,105)
Property, plant and equipment, net	$	-		$	147
Accrued expenses and other current liabilities	$	2		$	360
Other long-term liabilities		(10)			(10)
Total finance lease liabilities	$	(8)		$	350
Weighted average remaining lease term (in years):
Operating leases		11.63			11.33
Finance leases		-			0.53
Weighted average discount rate:
Operating leases		4.02	%		3.90	%
Finance leases		0	%		4.87	%

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

	Three Months Ended June 30,				Nine Months Ended June 30,
	2022		2021		2022		2021
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases	$	2,116	$	1,562	$	5,715	$	4,531
Operating cash flows from finance leases		-		8		4		35
Financing cash flows from finance leases		43		269		360		880
ROU assets obtained in exchange for lease liabilities:
Operating leases	$	122	$	13,652	$	7,612	$	17,733

Future lease payments for operating and finance leases as of June 30, 2022 were as follows for the remainder of fiscal year 2022, the subsequent five fiscal years and thereafter (in thousands):

	Operating Leases
2022	$	2,048
2023		7,797
2024		6,356
2025		5,909
2026		5,830
2027		5,634
Thereafter		34,301
Total future lease payments		67,875
Less imputed interest		(15,237)
Total lease liability balance	$	52,638

As of June 30, 2022, the Company did not have significant leases that have not commenced or not recorded in the accompanying unaudited Consolidated Balance Sheets.