XML 32 R19.htm IDEA: XBRL DOCUMENT v3.22.1
Leases
 6 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Leases
13. LEASES

We enter into various contractual arrangements for the right to use facilities, vehicles and equipment. The lease terms generally range from two to ten years for facilities and three to five years for vehicles and equipment. Our lease terms may include the exercise of renewal or termination options when it is reasonably certain these options will be exercised. Our lease agreements do not contain any material residual value guarantees or restrictive covenants.

Current operating and finance liabilities of $14,877 and $1,546, respectively, as of March 31, 2022, and $13,973 and $1,033, respectively, as of September 30, 2021, were included in “Accounts payable and accrued expenses” in the Condensed Consolidated Balance Sheets. Non-current finance lease liabilities and finance lease right-of-use assets were included in the “Other non-current liabilities” and “Other non-current assets”, respectively, in the Condensed Consolidated Balance Sheets.

The maturities of our lease liabilities as of March 31, 2022 are as follows:
Operating LeasesFinance LeasesTotal
Remainder of 2022$11,726 $1,187 $12,913 
202311,918 1,576 13,494 
20248,683 1,541 10,224 
20256,052 1,256 7,308 
20263,945 643 4,588 
Thereafter4,482 240 4,722 
Total undiscounted lease payments$46,806 $6,443 $53,249 
Less: imputed interest3,559 540 4,099 
Present value of lease liabilities$43,247 $5,903 $49,150 
The total future undiscounted cash flows related to lease agreements committed to but not yet commenced as of March 31, 2022 is $2,346.

Lease cost recognized in our Condensed Consolidated Statements of Comprehensive Income is summarized as follows:
Three Months EndedSix Months Ended
March 31, 2022March 31, 2021March 31, 2022March 31, 2021
Operating lease cost $4,157 $3,804 $0 $8,160 $7,049 
Finance lease cost
Amortization of lease assets332 133 603 242 
Interest on lease liabilities56 26 104 48 
Finance lease cost388 159 707 290 
Short-term lease cost491 237 776 550 
Variable lease cost485 343 957 634 
Total lease cost$5,521 $4,543 $10,600 $8,523 

Other information about lease amounts recognized in our Condensed Consolidated Financial Statements is summarized as follows:
Three Months EndedSix Months Ended
March 31, 2022March 31, 2021March 31, 2022March 31, 2021
Operating cash flows used for operating leases$5,111 $3,654 $9,351 $7,649 
Operating cash flows used for finance leases56 — 104 48 
Right-of-use assets obtained in exchange for new operating lease liabilities3,984 6,247 11,499 14,861 
Right-of-use assets obtained in exchange for new finance lease liabilities1,328 396 2,582 960 
March 31, 2022September 30, 2021
Weighted-average remaining lease term - operating leases4.3 years5.0 years
Weighted-average remaining lease term - finance leases4.3 years4.2 years
Weighted-average discount rate - operating leases3.4 %3.7 %
Weighted-average discount rate - finance leases4.1 %4.3 %
Leases
13. LEASES

We enter into various contractual arrangements for the right to use facilities, vehicles and equipment. The lease terms generally range from two to ten years for facilities and three to five years for vehicles and equipment. Our lease terms may include the exercise of renewal or termination options when it is reasonably certain these options will be exercised. Our lease agreements do not contain any material residual value guarantees or restrictive covenants.

Current operating and finance liabilities of $14,877 and $1,546, respectively, as of March 31, 2022, and $13,973 and $1,033, respectively, as of September 30, 2021, were included in “Accounts payable and accrued expenses” in the Condensed Consolidated Balance Sheets. Non-current finance lease liabilities and finance lease right-of-use assets were included in the “Other non-current liabilities” and “Other non-current assets”, respectively, in the Condensed Consolidated Balance Sheets.

The maturities of our lease liabilities as of March 31, 2022 are as follows:
Operating LeasesFinance LeasesTotal
Remainder of 2022$11,726 $1,187 $12,913 
202311,918 1,576 13,494 
20248,683 1,541 10,224 
20256,052 1,256 7,308 
20263,945 643 4,588 
Thereafter4,482 240 4,722 
Total undiscounted lease payments$46,806 $6,443 $53,249 
Less: imputed interest3,559 540 4,099 
Present value of lease liabilities$43,247 $5,903 $49,150 
The total future undiscounted cash flows related to lease agreements committed to but not yet commenced as of March 31, 2022 is $2,346.

Lease cost recognized in our Condensed Consolidated Statements of Comprehensive Income is summarized as follows:
Three Months EndedSix Months Ended
March 31, 2022March 31, 2021March 31, 2022March 31, 2021
Operating lease cost $4,157 $3,804 $0 $8,160 $7,049 
Finance lease cost
Amortization of lease assets332 133 603 242 
Interest on lease liabilities56 26 104 48 
Finance lease cost388 159 707 290 
Short-term lease cost491 237 776 550 
Variable lease cost485 343 957 634 
Total lease cost$5,521 $4,543 $10,600 $8,523 

Other information about lease amounts recognized in our Condensed Consolidated Financial Statements is summarized as follows:
Three Months EndedSix Months Ended
March 31, 2022March 31, 2021March 31, 2022March 31, 2021
Operating cash flows used for operating leases$5,111 $3,654 $9,351 $7,649 
Operating cash flows used for finance leases56 — 104 48 
Right-of-use assets obtained in exchange for new operating lease liabilities3,984 6,247 11,499 14,861 
Right-of-use assets obtained in exchange for new finance lease liabilities1,328 396 2,582 960 
March 31, 2022September 30, 2021
Weighted-average remaining lease term - operating leases4.3 years5.0 years
Weighted-average remaining lease term - finance leases4.3 years4.2 years
Weighted-average discount rate - operating leases3.4 %3.7 %
Weighted-average discount rate - finance leases4.1 %4.3 %