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Leases | 3 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
Leases | Leases The Company has operating leases for its corporate offices, warehouses, vehicles and equipment. The operating leases have remaining terms of up to 5.1 years. Some of the leases have options to extend or terminate the leases. The exercise of such options is generally at the Company’s discretion. The lease agreements do not contain any significant residual value guarantees or restrictive covenants. The Company also subleases excess corporate office space. The Company's finance leases and related balances are not significant. The components of lease expense are:
| Three Months Ended December 31, |  |
(in thousands) | 2021 |  | 2020 |  |  |  |
Finance lease – lease asset amortization | $ | 21 |  |  | $ | 16 |  |  |  |  |
Finance lease – interest on lease liabilities | 5 |  |  | 5 |  |  |  |  |
Operating lease cost | 1,478 |  |  | 1,389 |  |  |  |  |
Short-term lease cost | 53 |  |  | 74 |  |  |  |  |
Variable lease cost (1) | 384 |  |  | 363 |  |  |  |  |
Sublease income | (36) |  |  | (76) |  |  |  |  |
Total net lease cost | $ | 1,905 |  |  | $ | 1,771 |  |  |  |  |
(1) Variable lease costs primarily relate to the Company's election to combine non-lease components such as common area maintenance, insurance and taxes related to its real estate leases. To a lesser extent, the Company's equipment leases have variable costs associated with usage and subsequent changes to costs based upon an index. Maturities of lease liabilities are:
| December 31, 2021
(in thousands) | Operating Leases |  | Finance Leases
2022 | $ | 3,934 |  |  | $ | 88 |
2023 | 4,768 |  |  | 117 |
2024 | 3,860 |  |  | 98 |
2025 | 3,170 |  |  | 69 |
2026 | 2,139 |  |  | 66 |
Thereafter | 389 |  |  | 12 |
Total lease payments (1) | $ | 18,260 |  |  | $ | 450 |
Less: imputed interest (2) | (2,104) |  |  | (49) |
Total lease liabilities | $ | 16,156 |  |  | $ | 401 |
(1) The weighted average remaining lease term is 3.9 years for operating leases and 4.3 years for finance leases. (2) The weighted average discount rate is 6.3% for operating leases and 5.5% for finance leases. Supplemental disclosures of cash flow information related to leases are:
| Three Months Ended December 31,
(in thousands) | 2021 |  | 2020
Cash paid for amounts included in operating lease liabilities | $ | 1,060 |  |  | $ | 1,240 |
Cash paid for amounts included in finance lease liabilities | 27 |  |  | 9 |
Non-cash: lease liabilities arising from new operating lease assets obtained | 3,224 |  |  | 468 |
Non-cash: lease liabilities arising from new finance lease assets obtained | 179 |  |  | — |
Non-cash: adjustments to lease assets and liabilities 1 | (205) |  |  | 3,187 |
Leases | Leases The Company has operating leases for its corporate offices, warehouses, vehicles and equipment. The operating leases have remaining terms of up to 5.1 years. Some of the leases have options to extend or terminate the leases. The exercise of such options is generally at the Company’s discretion. The lease agreements do not contain any significant residual value guarantees or restrictive covenants. The Company also subleases excess corporate office space. The Company's finance leases and related balances are not significant. The components of lease expense are:
| Three Months Ended December 31, |  |
(in thousands) | 2021 |  | 2020 |  |  |  |
Finance lease – lease asset amortization | $ | 21 |  |  | $ | 16 |  |  |  |  |
Finance lease – interest on lease liabilities | 5 |  |  | 5 |  |  |  |  |
Operating lease cost | 1,478 |  |  | 1,389 |  |  |  |  |
Short-term lease cost | 53 |  |  | 74 |  |  |  |  |
Variable lease cost (1) | 384 |  |  | 363 |  |  |  |  |
Sublease income | (36) |  |  | (76) |  |  |  |  |
Total net lease cost | $ | 1,905 |  |  | $ | 1,771 |  |  |  |  |
(1) Variable lease costs primarily relate to the Company's election to combine non-lease components such as common area maintenance, insurance and taxes related to its real estate leases. To a lesser extent, the Company's equipment leases have variable costs associated with usage and subsequent changes to costs based upon an index. Maturities of lease liabilities are:
| December 31, 2021
(in thousands) | Operating Leases |  | Finance Leases
2022 | $ | 3,934 |  |  | $ | 88 |
2023 | 4,768 |  |  | 117 |
2024 | 3,860 |  |  | 98 |
2025 | 3,170 |  |  | 69 |
2026 | 2,139 |  |  | 66 |
Thereafter | 389 |  |  | 12 |
Total lease payments (1) | $ | 18,260 |  |  | $ | 450 |
Less: imputed interest (2) | (2,104) |  |  | (49) |
Total lease liabilities | $ | 16,156 |  |  | $ | 401 |
(1) The weighted average remaining lease term is 3.9 years for operating leases and 4.3 years for finance leases. (2) The weighted average discount rate is 6.3% for operating leases and 5.5% for finance leases. Supplemental disclosures of cash flow information related to leases are:
| Three Months Ended December 31,
(in thousands) | 2021 |  | 2020
Cash paid for amounts included in operating lease liabilities | $ | 1,060 |  |  | $ | 1,240 |
Cash paid for amounts included in finance lease liabilities | 27 |  |  | 9 |
Non-cash: lease liabilities arising from new operating lease assets obtained | 3,224 |  |  | 468 |
Non-cash: lease liabilities arising from new finance lease assets obtained | 179 |  |  | — |
Non-cash: adjustments to lease assets and liabilities 1 | (205) |  |  | 3,187 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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