XML 52 R33.htm IDEA: XBRL DOCUMENT v3.23.3
LEASES (Tables)
12 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Schedule of Lease Position and Recognized Right-of-Use Assets
Lease Position
(in thousands)September 30, 2023September 30, 2022
Operating lease commitments, including probable extensions1
$65,970 $44,769 
Discounted using the lessee's incremental borrowing rate$55,894 $41,002 
(Less): short-term leases recognized on a straight-line basis as expense(877)(1,052)
(Less): other(207)(218)
Lease liability recognized$54,810 $39,732 
Of which:
Current lease liabilities$13,772 $12,382 
Non-current lease liabilities41,038 27,350 
(1)Our future minimal rental payments exclude optional extensions that have not been exercised but are probable to be exercised in the future, those probable extensions are included in the operating lease liability balance.
The recognized right-of-use assets relate to the following types of assets:
(in thousands)September 30, 2023September 30, 2022
Properties$50,080 $38,925 
Equipment318 125 
Other14 
Total right-of-use assets$50,400 $39,064 
Schedule of Certain Information Related to Lease Costs and Other Information Related to Operating Leases
The following table presents certain information related to the lease costs for our operating leases:
Year ended September 30,
(in thousands)20232022
Operating lease cost$11,004 $9,687 
Short-term lease cost1,437 1,546 
Total lease cost$12,441 $11,233 
Lease Terms and Discount Rates
The table below presents certain information related to the weighted average remaining lease terms and weighted average discount rates for our operating leases:
September 30, 2023September 30, 2022
Weighted average remaining lease term7.65.9
Weighted average discount rate3.6 %2.5 %
Schedule of Future Minimum Rental Payments Required under Operating Lease
Future minimum rental payments required under operating leases having initial or remaining non-cancelable lease terms in excess of one year at September 30, 2023 (in thousands) are as follows:
Fiscal YearAmount
2024$10,534 
20257,552 
20265,390 
20275,055 
20284,499 
Thereafter21,391 
Total1
$54,421 
(1)Our future minimal rental payments exclude optional extensions that have not been exercised but are probable to be exercised in the future, those probable extensions are included in the operating lease liability balance.