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LEASES (Tables)
12 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Schedule of Lease Position and Recognized Right-of-Use Assets
Lease Position
(in thousands)September 30, 2024September 30, 2023
Operating lease commitments, including probable extensions1
$104,535 $65,970 
Discounted using the lessee's incremental borrowing rate$77,316 $55,894 
(Less): short-term leases recognized on a straight-line basis as expense(404)(877)
(Less): other(182)(207)
Lease liability recognized$76,730 $54,810 
Of which:
Current lease liabilities$16,997 $13,772 
Non-current lease liabilities59,733 41,038 
(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, 2024September 30, 2023
Properties$66,842 $50,080 
Equipment234 318 
Other— 
Total right-of-use assets$67,076 $50,400 
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)202420232022
Operating lease cost$11,693 $11,004 $9,687 
Short-term lease cost1,567 1,437 1,546 
Total lease cost$13,260 $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, 2024September 30, 2023
Weighted average remaining lease term11.67.6
Weighted average discount rate5.1 %3.6 %
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, 2024 (in thousands) are as follows:
Fiscal YearAmount
2025$9,443 
20268,126 
20277,646 
20287,045 
20296,862 
Thereafter33,910 
Total1
$73,032 
(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.