Leases (Tables)

3 Months Ended

Dec. 31, 2025

Schedule of Lessee Assets and Liabilities

The table below presents balances of our lease assets and liabilities and their balance sheet locations for both operating and financing leases:


(in thousands)	Balance Sheet Location	December 31, 2025		December 31, 2024		September 30, 2025
Lease assets:
Operating lease right-of-use assets	Right-of-use assets, net	$	237,637	$	227,810	$	236,462
Financing lease assets	Other assets, net	1,229		1,340		1,075
Total lease assets		$	238,866	$	229,150	$	237,537

Lease liabilities:
Current:
Operating lease liabilities	Operating lease liabilities, current	$	61,459	$	57,900	$	61,228
Financing lease liabilities	Accounts payable, accrued expenses and other current liabilities	760		556		643
Total current lease liabilities		$	62,219	$	58,456	$	61,871

Non-current:
Operating lease liabilities	Operating lease liabilities	$	185,507	$	182,228	$	184,736
Financing lease liabilities	Other long-term liabilities	607		907		573
Total non-current lease liabilities		$	186,114	$	183,135	$	185,309
Total lease liabilities		$	248,333	$	241,591	$	247,180

Schedule of Lease Cost

The table below provides major components of our lease costs:


	Three Months Ended December 31,
(in thousands)		2025		2024

Operating lease cost:
Operating lease cost*		$	20,861	$	19,969
Variable lease cost		5,033		3,293
Total operating lease cost		$	25,894	$	23,262

Financing lease cost:
Amortization of financing lease assets		$	157	$	139
Interest on financing lease liabilities		37		44
Total financing lease cost		$	194	$	183
Total lease cost		$	26,088	$	23,445

*Includes a reduction for sublease rental income of $0.7 million and $0.6 million for the three months ended December 31, 2025 and 2024, respectively.

The weighted-average term and discount rates for leases are as follows:


	Three Months Ended December 31,
	2025		2024
Weighted-average remaining lease term (years):
Operating leases	5.11		5.02
Financing leases	2.14		2.80

Weighted-average discount rate:
Operating leases	8.95	%	8.40	%
Financing leases	11.90	%	11.14	%

Schedule of Operating Lease Maturity

As of December 31, 2025, maturities of lease liabilities under ASC 842 by fiscal year were as follows:


(in thousands)	Operating Leases		Financing Leases
Remaining 2026	$	61,114	$	669
Fiscal 2027	70,249		615
Fiscal 2028	53,739		150
Fiscal 2029	39,037		102
Fiscal 2030	26,938		27
Thereafter	59,375		—
Total lease liabilities	$	310,452	$	1,563
Less: portion representing imputed interest	63,486		196
Total net lease liabilities	$	246,966	$	1,367
Less: current portion	61,459		760
Total long-term net lease liabilities	$	185,507	$	607