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Leases (Tables)

12 Months Ended

Sep. 30, 2020

Leases [Abstract]

Components of Lease Expense

The components of lease expense during the year ended September 30, 2020 were as follows:

Lease Expense						Year ended September 30, 2020
Operating lease expense(1)						$	29,348
Finance lease expense:
Amortization of leased assets						102
Interest on lease liabilities						7
Variable lease expense						4,120
Sublease income						(744)
Total net lease expense						$	32,833

(1) Excludes the expense for short-term leases not accounted for under ASC 842, which was not significant for the year ended September 30, 2020.

Supplemental Information

Supplemental balance sheet, cash flow and other information related to our leases was as follows:

Leases

Classification

As of September 30, 2020

Assets:

Operating lease assets

Right-of-use assets for operating leases

$

144,663

Finance lease assets

Property and equipment, net(1)

257

Total leased assets

$

144,920

Liabilities:

Current

Operating lease liabilities

Operating lease liability, current portion

$

23,666

Finance lease liabilities

Other current liabilities

129

Noncurrent

Operating lease liabilities

Operating lease liability

134,089

Finance lease liabilities

Other liabilities

131

Total lease liabilities

$

158,015

(1) Finance lease assets are recorded net of accumulated amortization of $0.1 million as of September 30, 2020.

Supplemental Disclosure of Cash Flow Information and Other Information						Year ended September 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases						$	25,617
Operating cash flows from finance leases						7
Financing cash flows from finance leases						99
Non-cash activity related to lease liabilities:
Lease assets obtained in exchange for new operating lease liabilities						$	20,321
Leases assets obtained in exchange for new finance lease liabilities						215

Lease Term and Discount Rate						As of September 30, 2020
Weighted-average remaining lease term (in years):
Operating leases						9.34
Finance leases						2.05
Weighted average discount rate:
Operating leases						4.37		%
Finance leases						3.08		%

Maturities of Operating Lease Liabilities After Adoption of 842

Maturities of lease liabilities were as follows:

						As of September 30, 2020
Years ending September 30,						Operating Leases						Finance Leases
2021						$	28,212					$	135
2022						27,447						110
2023						18,565						23
2024						17,435						—
2025						15,022						—
2026 and thereafter						86,134						—
Total lease payments						192,815						268
Less: interest						(35,060)						(8)
Present value of lease liabilities						157,755						260
Less: current lease liabilities						(23,666)						(129)
Long-term lease liabilities						$	134,089					$	131

Maturities of Finance Lease Liabilities After Adoption of 842

Maturities of lease liabilities were as follows:

						As of September 30, 2020
Years ending September 30,						Operating Leases						Finance Leases
2021						$	28,212					$	135
2022						27,447						110
2023						18,565						23
2024						17,435						—
2025						15,022						—
2026 and thereafter						86,134						—
Total lease payments						192,815						268
Less: interest						(35,060)						(8)
Present value of lease liabilities						157,755						260
Less: current lease liabilities						(23,666)						(129)
Long-term lease liabilities						$	134,089					$	131

Future Minimum Rental Commitments

As of September 30, 2019, minimum lease payments under non-cancelable operating leases by period were expected to be as follows (in thousands):

Years ending September 30,						Gross						Sublease income						Net
2020						$	26,379					$	(362)					$	26,017
2021						23,531						(77)						23,454
2022						21,621						(78)						21,543
2023						10,461						(20)						10,441
2024						9,180						—						9,180
Thereafter						41,822						—						41,822
Total lease payments						$	132,994					$	(537)					$	132,457

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980

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Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121573735&loc=d3e41502-112717

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