Leases

3 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases

Leases

Total lease expense included in selling, general and administrative expenses in our unaudited condensed consolidated statements of income for the three months ended December 31, 2022 and 2021 is as follows (in thousands):

	Three Months Ended December 31,
	2022			2021
Operating lease expense – fixed payments	$	1,259		$	1,131
Variable lease expense	427			334
Short-term and other lease expense (includes $64 and $72 recorded in advertising and marketing, and $127 and $83 recorded in repairs and maintenance for the three months ended December 31, 2022 and 2021, respectively; see Note 6)	267			330
Sublease income	—			(2)
Total lease expense, net	$	1,953		$	1,793
Other information:
Operating cash outflows from operating leases	$	1,910		$	1,749
Weighted average remaining lease term – operating leases	11.2 years			12.4 years
Weighted average discount rate – operating leases	5.6		%	5.7		%

Future maturities of operating lease liabilities as of December 31, 2022 are as follows (in thousands):

	Principal Payments		Interest Payments		Total Payments
January - December 2023	$	2,850	$	2,060	$	4,910
January - December 2024	3,068		1,895		4,963
January - December 2025	3,331		1,717		5,048
January - December 2026	3,583		1,523		5,106
January - December 2027	3,345		1,325		4,670
Thereafter	21,943		4,933		26,876
	$	38,120	$	13,453	$	51,573