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RENTAL EQUIPMENT, NET (Tables) | 12 Months Ended
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Sep. 30, 2023
Property, Plant and Equipment [Abstract] |
Summary of Rental Equipment | Premises, furniture, and equipment consists of the following:
| At September 30,
(Dollars in thousands) | 2023 |  | 2022
Land | $ | 1,354 |  |  | $ | 1,354 |
Buildings | 21,331 |  |  | 21,300 |
Furniture, fixtures, and equipment | 62,312 |  |  | 56,631 |
| 84,997 |  |  | 79,285 |
Less: accumulated depreciation and amortization | (45,837) |  |  | (37,575) |
Net book value | $ | 39,160 |  |  | $ | 41,710 |
Rental equipment consists of the following:
| At September 30,
(Dollars in thousands) | 2023 |  | 2022
Computers and IT networking equipment | $ | 25,094 |  |  | $ | 21,669 |
Motor vehicles and other | 122,845 |  |  | 107,648 |
Other furniture and equipment | 37,637 |  |  | 34,254 |
Solar panels and equipment | 142,355 |  |  | 133,765 |
Total | 327,931 |  |  | 297,336 |
Accumulated depreciation | (117,418) |  |  | (94,355) |
Unamortized initial direct costs | 1,237 |  |  | 1,390 |
Net book value | $ | 211,750 |  |  | $ | 204,371 |
Schedule of Operating Lease Payments | Future minimum lease payments expected to be received for operating leases at September 30, 2023 were as follows:
(Dollars in thousands) |
2024 | $ | 45,612 |
2025 | 37,424 |
2026 | 27,542 |
2027 | 19,791 |
2028 | 11,495 |
Thereafter | 13,891 |
Total | $ | 155,755 |
Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at September 30, 2023 were as follows:
(Dollars in thousands) |
2024 | $ | 3,913 |
2025 | 3,718 |
2026 | 3,195 |
2027 | 3,092 |
2028 | 3,803 |
Thereafter | 14,836 |
Total undiscounted future minimum lease payments | 32,557 |
Discount | (3,724) |
Total operating lease liabilities | $ | 28,833 |

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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1 + Details
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