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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, RISKS AND UNCERTAINTIES (Tables) | 3 Months Ended
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Dec. 31, 2021
Accounting Policies [Abstract] |
Schedule of Cash and Cash Equivalents | The cash, cash equivalents, and restricted cash are reflected within the following line items on the Unaudited Condensed Consolidated Balance Sheets:
| December 31, |  | September 30,
(in thousands) | 2021 |  | 2020 |  | 2021 |  | 2020
Cash and cash equivalents | $ | 234,196 |  |  | $ | 373,980 |  |  | $ | 917,534 |  |  | $ | 487,884 |
Restricted cash |  |  |  |  |  |  |
Prepaid expenses and other, net | 17,681 |  |  | 45,688 |  |  | 18,350 |  |  | 45,577 |
Other assets, net | 782 |  |  | 2,985 |  |  | 832 |  |  | 3,286 |
Total cash, cash equivalents, and restricted cash | $ | 252,659 |  |  | $ | 422,653 |  |  | $ | 936,716 |  |  | $ | 536,747 |
During the three months ended December 31, 2021, our cash, cash equivalents, and restricted cash balance decreased approximately $684.1 million compared to our balance at September 30, 2021. This change was primarily driven by the redemption of all the outstanding 2025 Notes, resulting in a cash outflow of $487.1 million. Additionally, the associated make-whole premium of $56.4 million was paid during the first fiscal quarter of 2022 contemporaneously with the October 27, 2021 debt extinguishment.
Schedule of Restricted Cash and Cash Equivalents | The cash, cash equivalents, and restricted cash are reflected within the following line items on the Unaudited Condensed Consolidated Balance Sheets:
| December 31, |  | September 30,
(in thousands) | 2021 |  | 2020 |  | 2021 |  | 2020
Cash and cash equivalents | $ | 234,196 |  |  | $ | 373,980 |  |  | $ | 917,534 |  |  | $ | 487,884 |
Restricted cash |  |  |  |  |  |  |
Prepaid expenses and other, net | 17,681 |  |  | 45,688 |  |  | 18,350 |  |  | 45,577 |
Other assets, net | 782 |  |  | 2,985 |  |  | 832 |  |  | 3,286 |
Total cash, cash equivalents, and restricted cash | $ | 252,659 |  |  | $ | 422,653 |  |  | $ | 936,716 |  |  | $ | 536,747 |
During the three months ended December 31, 2021, our cash, cash equivalents, and restricted cash balance decreased approximately $684.1 million compared to our balance at September 30, 2021. This change was primarily driven by the redemption of all the outstanding 2025 Notes, resulting in a cash outflow of $487.1 million. Additionally, the associated make-whole premium of $56.4 million was paid during the first fiscal quarter of 2022 contemporaneously with the October 27, 2021 debt extinguishment.
Schedule of Description of Recent Accounting Pronouncements and Analysis of the Effects on the Financial Statements | The following table provides a brief description of a recently adopted accounting pronouncement and our analysis of the effects on our financial statements:
Standard | Description | Date of Adoption | Effect on the Financial Statements or Other Significant Matters
ASU No. 2019-12, Financial Instruments – Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes | This ASU simplifies the accounting for income taxes by removing certain exceptions related to Topic 740. The ASU also improves consistent application of and simplifies GAAP for other areas of Topic 740 by clarifying and amending existing guidance. This update is effective for annual and interim periods beginning after December 15, 2020. Early adoption of the amendment is permitted, including adoption in any interim period for public entities for periods for which financial statements have not yet been issued. An entity that elects to early adopt the amendments in an interim period should reflect any adjustments as of the beginning of the annual period that includes that interim period. Additionally, an entity that elects early adoption must adopt all the amendments in the same period. Upon adoption, the amendments addressed in this ASU will be applied either prospectively, retrospectively or on a modified retrospective basis through a cumulative effect adjustment to retained earnings. This update is effective for annual periods beginning after December 15, 2020. | October 1, 2021 | We adopted this ASU during the first quarter of fiscal year 2022. The adoption did not have a material effect on our Unaudited Condensed Consolidated Financial Statements and disclosures.

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