XML 35 R24.htm IDEA: XBRL DOCUMENT v3.22.0.1
Leases (Tables)
 3 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Summary of lease expense and supplemental cash flow information
The components of lease expense are:

Three Months Ended December 31,
(in thousands)20212020
Finance lease – lease asset amortization$21 $16 
Finance lease – interest on lease liabilities5 5 
Operating lease cost1,478 1,389 
Short-term lease cost53 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.
Supplemental disclosures of cash flow information related to leases are:
Three Months Ended December 31,
(in thousands)20212020
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 obtained3,224 468 
Non-cash: lease liabilities arising from new finance lease assets obtained 179 — 
Non-cash: adjustments to lease assets and liabilities1
(205)3,187 
(1) These include adjustments due to lease modifications, renewals, and other related adjustments.
Schedule of operating lease maturities
Maturities of lease liabilities are:
December 31, 2021
(in thousands)Operating LeasesFinance Leases
2022$3,934 $88 
20234,768 117 
20243,860 98 
20253,170 69 
20262,139 66 
Thereafter389 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.
Schedule of finance lease maturities
Maturities of lease liabilities are:
December 31, 2021
(in thousands)Operating LeasesFinance Leases
2022$3,934 $88 
20234,768 117 
20243,860 98 
20253,170 69 
20262,139 66 
Thereafter389 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.