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Commitment and Contingencies (Tables)
 3 Months Ended
Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Supplemental Balance Sheet Information
The table below presents the Company’s operating lease right-of-use asset and the related lease liability.


(In thousands)December 31, 2019
Operating lease asset$30,220  
Operating lease liability$31,636  
Components of Lease Expense
The following table presents the components of net lease costs, a component of Occupancy expense. The Company elected not to separate lease and non-lease components and instead account for them as a single lease component. Variable lease costs include subsequent increases in index-based rents and variable payments such as common area maintenance.

(In thousands)Three Months Ended December 31,
2019
Operating lease cost$1,602  
Variable lease cost220  
Sublease income(86) 
      Net lease cost$1,736  
Maturities of Operating Lease Liabilities
The following table shows future minimum payments for operating leases as of December 31, 2019 for the respective periods.

(In thousands)Year ending September 30,
remainder of 2020$4,623  
20215,693  
20225,177  
20234,518  
20243,763  
Thereafter11,035  
Total minimum payments34,809  
Amounts representing interest(3,173) 
Present value of minimum lease payments$31,636  
Future Minimum Lease Payments Prior to Adoption
Future minimum lease payments for the Company’s operating leases as of September 30, 2019, prior to the adoption of the new lease guidance, were as follows.

(In thousands)Year ending September 30,
2020$5,838  
20215,246  
20224,698  
20234,302  
20243,596  
Thereafter10,531  
Total minimum payments$34,211