XML 39 R29.htm IDEA: XBRL DOCUMENT v3.22.4
LEASES (Tables)
 3 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Lease expense and components of lease expense
The following table shows the components of lease expense:
 Three months ended
(in thousands)December 31, 2022January 1, 2022
Operating lease expense (1)
$2,590 $2,054 
(1)Operating lease expense includes short-term lease expense, which is immaterial for the three months ended December 31, 2022 and January 1, 2022.
The following table shows the cash flows arising from lease transactions. Cash payments related to short-term leases are not included in the measurement of operating lease liabilities, and, as such, are excluded from the amounts below:
 Three months ended
(in thousands)December 31, 2022January 1, 2022
Cash paid for amounts included in the measurement of lease liabilities:
 Operating cash outflows from operating leases$2,284 $1,885 
Weighted-average lease terms and discount rates
The following table shows the weighted-average lease terms and discount rates for operating leases:
 As of
December 31, 2022October 1, 2022
Operating leases:
Weighted-average remaining lease term (in years):
8.08.0
Weighted-average discount rate:5.9 %5.8 %
Future lease payments after ASC 842 adoption
Future lease payments, excluding short-term leases are detailed as follows:
As of
(in thousands)December 31, 2022
Remaining fiscal 2023$7,194 
Fiscal 20248,906 
Fiscal 20258,116 
Fiscal 20267,152 
Fiscal 20275,371 
Thereafter23,311 
Total minimum lease payments$60,050 
Less: Interest$12,884 
Present value of lease obligations$47,166 
Less: Current portion$6,841 
Long-term portion of lease obligations$40,325