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Leases (Tables)

12 Months Ended

Sep. 30, 2023

The following table shows the supplemental balance sheet information related to our leases (in thousands):


	Balance Sheet Location	September 30, 2023		September 30, 2022
Assets
Operating leases	Operating lease right-of-use assets	$	12,876	$	15,299
Total lease assets		$	12,876	$	15,299

Liabilities

Operating leases	Current portion of operating lease liabilities	$	3,352	$	3,196

Operating leases	Operating lease liabilities	13,989		16,978
Total lease liabilities		$	17,341	$	20,174

Components of Lease Cost

The following were the components of our lease cost which is recorded in both cost of goods sold and selling, general and administrative expense (in thousands):


	Statement of Operations Location	Year ended September 30, 2023		Year ended September 30, 2022
Operating lease cost	Cost of goods sold and SG&A	$	3,815	$	3,783
Variable lease cost	Cost of goods sold and SG&A	1,332		1,094
Short-term lease cost	Cost of goods sold and SG&A	93		109
Total lease cost		$	5,240	$	4,986

Supplemental Disclosures Leases

The following table presents supplemental information related to operating leases (in thousands):


	Year ended September 30, 2023		Year ended September 30, 2022
Cash paid for amounts included in the measurement of operating lease liabilities	$	2,965	$	2,998
Right-of-use assets obtained in exchange for new operating lease liabilities	$	276	$	2,615

9. LEASES (CONTINUED)


	September 30, 2023
Weighted average remaining lease term - operating leases	6.5 years
Weighted average discount rate - operating leases	4.40	%

Operating Lease Liability Maturity

The table below reconciles the undiscounted cash flows for each of the first five years as well as all the remaining years to the operating lease liabilities recorded on the Consolidated Balance Sheet as of September 30, 2023 (in thousands):


Fiscal year	Amount

2024 (twelve months)	$	3,999
2025	3,529
2026	3,105
2027	2,040
2028	1,897
Thereafter	5,705
Total future undiscounted lease payments	20,275
Less imputed interest	(2,934)
Total reported lease liability	$	17,341