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LEASES (Tables) | 12 Months Ended
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Sep. 30, 2020
Leases [Abstract] |
Lease, Cost | The following table presents the Company's lease costs included in the Consolidated Statements of Operations for the fiscal year ended September 30:
(Thousands) | Income Statement Location |  |  |  | 2020 |  |
Finance lease cost |  |  |  |  |  |  |
Amortization of right-of-use assets | Depreciation and amortization |  |  |  | $ | 5,007 |  |  |
Interest on lease liabilities | Interest expense, net of capitalized interest |  |  |  | 1,511 |  |  |
Total finance lease cost |  |  |  |  | 6,518 |  |  |
Operating lease cost | Operation and maintenance, net of capitalized costs |  |  |  | $ | 6,404 |  |  |
Short-term lease cost | Operation and maintenance |  |  |  | 1,041 |  |  |
Variable lease cost | Operation and maintenance |  |  |  | 1,025 |  |  |
Total lease cost |  |  |  |  | $ | 14,988 |  |  |
The following table presents supplemental cash flow information related to leases for the fiscal year ended September 30:
(Thousands) | 2020 |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |
Operating cash flows from operating leases | $ | 8,804 |  |  |
Operating cash flows from finance leases | $ | 1,189 |  |  |
Financing cash flows from finance leases | $ | 6,985 |  |  |
Assets and Liabilities, Lessee | The following table presents the balance and classifications of our right of use assets and lease liabilities included in the Consolidated Balance Sheets for the fiscal year ended September 30:
(Thousands) | Balance Sheet Location | 2020 |
Assets |  |  |
Noncurrent |  |  |
Operating lease assets | Operating lease assets | $ | 131,769 |  |
Finance lease assets | Utility plant | 71,085 |  |
Total lease assets |  | $ | 202,854 |  |
Liabilities |  |  |
Current |  |  |
Operating lease liabilities | Operating lease liabilities | $ | 6,724 |  |
Finance lease liabilities | Current maturities of long-term debt | 10,416 |  |
Noncurrent |  |  |
Operating lease liabilities | Operating lease liabilities | 95,030 |  |
Finance lease liabilities | Long-term debt | 63,743 |  |
Total lease liabilities |  | $ | 175,913 |  |
Lessee, Operating Lease, Liability, Maturity | The following table presents the Company's maturities of lease liabilities as of September 30, 2020:
(Thousands) | Operating Leases | Finance Leases |
2021 | $ | 6,706 |  | $ | 54,992 |  |
2022 | 6,634 |  | 6,004 |  |
2023 | 6,590 |  | 4,622 |  |
2024 | 6,210 |  | 5,279 |  |
2025 | 5,646 |  | 3,396 |  |
Thereafter | 122,085 |  | 2,324 |  |
Total future lease payments | 153,871 |  | 76,617 |  |
Less: Liability accretion | (52,117) |  | (2,458) |  |
Total lease liability | $ | 101,754 |  | $ | 74,159 |  |
Finance Lease, Liability, Maturity | Contractual commitments for finance lease payments, as of the fiscal years ended September 30, are as follows:
(Thousands) | senior note
2021 |  | $ | 54,992 |
2022 |  | 6,004 |
2023 |  | 4,622 |
2024 |  | 5,279 |
2025 |  | 3,396 |
Thereafter |  | 2,324 |
Subtotal |  | 76,617 |
Less: Interest component |  | (2,458) |
Total |  | $ | 74,159 |
The following table presents the Company's maturities of lease liabilities as of September 30, 2020:
(Thousands) | Operating Leases | Finance Leases |
2021 | $ | 6,706 |  | $ | 54,992 |  |
2022 | 6,634 |  | 6,004 |  |
2023 | 6,590 |  | 4,622 |  |
2024 | 6,210 |  | 5,279 |  |
2025 | 5,646 |  | 3,396 |  |
Thereafter | 122,085 |  | 2,324 |  |
Total future lease payments | 153,871 |  | 76,617 |  |
Less: Liability accretion | (52,117) |  | (2,458) |  |
Total lease liability | $ | 101,754 |  | $ | 74,159 |  |
Schedule of Future Minimum Rental Payments for Operating Leases | The following table reflects the Company's future minimum lease payments due under non-cancelable operating leases for continuing operations as of September 30, 2019, under ASC 840 and is being presented for comparative purposes. These commitments relate principally to commercial solar land leases, equipment and real property leases, including land and office facility leases, natural gas meters and office equipment.
(Thousands) | Operating Leases | Finance Leases |
2020 | $ | 4,411 |  | $ | 11,707 |  |
2021 | $ | 4,698 |  | $ | 6,603 |  |
2022 | $ | 4,609 |  | $ | 7,494 |  |
2023 | $ | 4,579 |  | $ | 3,995 |  |
2024 | $ | 4,199 |  | $ | 4,652 |  |
Thereafter | $ | 54,405 |  | $ | 4,173 |  |
Schedule of Future Minimum Lease Payments for Finance Leases | The following table reflects the Company's future minimum lease payments due under non-cancelable operating leases for continuing operations as of September 30, 2019, under ASC 840 and is being presented for comparative purposes. These commitments relate principally to commercial solar land leases, equipment and real property leases, including land and office facility leases, natural gas meters and office equipment.
(Thousands) | Operating Leases | Finance Leases |
2020 | $ | 4,411 |  | $ | 11,707 |  |
2021 | $ | 4,698 |  | $ | 6,603 |  |
2022 | $ | 4,609 |  | $ | 7,494 |  |
2023 | $ | 4,579 |  | $ | 3,995 |  |
2024 | $ | 4,199 |  | $ | 4,652 |  |
Thereafter | $ | 54,405 |  | $ | 4,173 |  |

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- Definition Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121616839&loc=d3e45280-112737 + Details
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