XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.22.2

Leases | 9 Months Ended
--- | ---
Jun. 30, 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 $14,919 and $1,998, respectively, as of June 30, 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 June 30, 2022 are as follows:
| Operating Leases |  | Finance Leases |  | Total
Remainder of 2022 | $ | 8,111 |  |  | $ | 1,024 |  |  | $ | 9,135 |
2023 | 13,125 |  |  | 2,039 |  |  | 15,164 |
2024 | 9,761 |  |  | 2,003 |  |  | 11,764 |
2025 | 6,889 |  |  | 1,714 |  |  | 8,603 |
2026 | 4,321 |  |  | 840 |  |  | 5,161 |
Thereafter | 4,806 |  |  | 92 |  |  | 4,898 |
Total undiscounted lease payments | $ | 47,013 |  |  | $ | 7,712 |  |  | $ | 54,725 |
Less: imputed interest | 4,138 |  |  | 618 |  |  | 4,756 |
Present value of lease liabilities | $ | 42,875 |  |  | $ | 7,094 |  |  | $ | 49,969 |
The total future undiscounted cash flows related to lease agreements committed to but not yet commenced as of June 30, 2022 is $804. Lease cost recognized in our Condensed Consolidated Statements of Comprehensive Income is summarized as follows:
| Three Months Ended |  | Nine Months Ended
| June 30, 2022 |  | June 30, 2021 |  | June 30, 2022 |  | June 30, 2021
Operating lease cost | $ | 3,947 |  |  | $ | 3,287 |  | $ | 0 |  | $ | 12,107 |  |  | $ | 10,337 |
Finance lease cost |  |  |  |  |  |  |
Amortization of lease assets | 435 |  |  | 176 |  |  | 1,039 |  |  | 418 |
Interest on lease liabilities | 71 |  |  | 33 |  |  | 175 |  |  | 81 |
Finance lease cost | 506 |  |  | 209 |  |  | 1,214 |  |  | 499 |
Short-term lease cost | 321 |  |  | 330 |  |  | 1,097 |  |  | 880 |
Variable lease cost | 483 |  |  | 321 |  |  | 1,439 |  |  | 954 |
Total lease cost | $ | 5,257 |  |  | $ | 4,147 |  |  | $ | 15,857 |  |  | $ | 12,670 |
Other information about lease amounts recognized in our Condensed Consolidated Financial Statements is summarized as follows:
| Three Months Ended |  | Nine Months Ended
| June 30, 2022 | June 30, 2021 |  | June 30, 2022 | June 30, 2021
Operating cash flows used for operating leases | $ | 4,956 |  |  | $ | 3,401 |  |  | $ | 14,307 |  |  | $ | 11,051 |
Operating cash flows used for finance leases | 71 |  |  | 33 |  |  | 175 |  |  | 81 |
Right-of-use assets obtained in exchange for new operating lease liabilities | 2,790 |  |  | 5,834 |  |  | 14,289 |  |  | 20,799 |
Right-of-use assets obtained in exchange for new finance lease liabilities | 1,686 |  |  | 1,032 |  |  | 4,268 |  |  | 1,992 |
| June 30, 2022 |  | September 30, 2021
Weighted-average remaining lease term - operating leases | 4.2 years |  | 5.0 years
Weighted-average remaining lease term - finance leases | 4.0 years |  | 4.2 years
Weighted-average discount rate - operating leases | 3.5 | % |  | 3.7 | %
Weighted-average discount rate - finance leases | 4.3 | % |  | 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 $14,919 and $1,998, respectively, as of June 30, 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 June 30, 2022 are as follows:
| Operating Leases |  | Finance Leases |  | Total
Remainder of 2022 | $ | 8,111 |  |  | $ | 1,024 |  |  | $ | 9,135 |
2023 | 13,125 |  |  | 2,039 |  |  | 15,164 |
2024 | 9,761 |  |  | 2,003 |  |  | 11,764 |
2025 | 6,889 |  |  | 1,714 |  |  | 8,603 |
2026 | 4,321 |  |  | 840 |  |  | 5,161 |
Thereafter | 4,806 |  |  | 92 |  |  | 4,898 |
Total undiscounted lease payments | $ | 47,013 |  |  | $ | 7,712 |  |  | $ | 54,725 |
Less: imputed interest | 4,138 |  |  | 618 |  |  | 4,756 |
Present value of lease liabilities | $ | 42,875 |  |  | $ | 7,094 |  |  | $ | 49,969 |
The total future undiscounted cash flows related to lease agreements committed to but not yet commenced as of June 30, 2022 is $804. Lease cost recognized in our Condensed Consolidated Statements of Comprehensive Income is summarized as follows:
| Three Months Ended |  | Nine Months Ended
| June 30, 2022 |  | June 30, 2021 |  | June 30, 2022 |  | June 30, 2021
Operating lease cost | $ | 3,947 |  |  | $ | 3,287 |  | $ | 0 |  | $ | 12,107 |  |  | $ | 10,337 |
Finance lease cost |  |  |  |  |  |  |
Amortization of lease assets | 435 |  |  | 176 |  |  | 1,039 |  |  | 418 |
Interest on lease liabilities | 71 |  |  | 33 |  |  | 175 |  |  | 81 |
Finance lease cost | 506 |  |  | 209 |  |  | 1,214 |  |  | 499 |
Short-term lease cost | 321 |  |  | 330 |  |  | 1,097 |  |  | 880 |
Variable lease cost | 483 |  |  | 321 |  |  | 1,439 |  |  | 954 |
Total lease cost | $ | 5,257 |  |  | $ | 4,147 |  |  | $ | 15,857 |  |  | $ | 12,670 |
Other information about lease amounts recognized in our Condensed Consolidated Financial Statements is summarized as follows:
| Three Months Ended |  | Nine Months Ended
| June 30, 2022 | June 30, 2021 |  | June 30, 2022 | June 30, 2021
Operating cash flows used for operating leases | $ | 4,956 |  |  | $ | 3,401 |  |  | $ | 14,307 |  |  | $ | 11,051 |
Operating cash flows used for finance leases | 71 |  |  | 33 |  |  | 175 |  |  | 81 |
Right-of-use assets obtained in exchange for new operating lease liabilities | 2,790 |  |  | 5,834 |  |  | 14,289 |  |  | 20,799 |
Right-of-use assets obtained in exchange for new finance lease liabilities | 1,686 |  |  | 1,032 |  |  | 4,268 |  |  | 1,992 |
| June 30, 2022 |  | September 30, 2021
Weighted-average remaining lease term - operating leases | 4.2 years |  | 5.0 years
Weighted-average remaining lease term - finance leases | 4.0 years |  | 4.2 years
Weighted-average discount rate - operating leases | 3.5 | % |  | 3.7 | %
Weighted-average discount rate - finance leases | 4.3 | % |  | 4.3 | %

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeFinanceLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration