XML 38 R26.htm IDEA: XBRL DOCUMENT
v3.25.2

Leases | 9 Months Ended
--- | ---
Jun. 30, 2025
Leases [Abstract] |
Leases | Note 18 — Leases Finance Leases The Company's finance lease assets and liabilities are attributed to its manufacturing site in Holdrege, Nebraska, which has an initial term of ten years and an option for the Company to extend the lease term for an additional period of up to five years. This lease is classified as a finance lease because the present value of the sum of the lease payments associated with the lease exceeds substantially all of the fair value of the manufacturing site. Operating Leases The Company's operating leases primarily relate to its real estate leases that are not classified as finance leases. Aggregate Lease Information The Company's leases are included in its Condensed Consolidated Balance Sheets as follows:
| June 30, 2025 |  | September 30, 2024
Finance Leases |  |  |
Property, Plant, and Equipment, Net | $ | 28.9 |  |  | $ | 30.8 |
Total Finance Lease Assets | $ | 28.9 |  |  | $ | 30.8 |
Current finance lease liabilities | $ | 3.4 |  |  | $ | 3.4 |
Non Current Finance Lease Liabilities | 29.1 |  |  | 30.2 |
Total Finance Lease Liabilities | $ | 32.5 |  |  | $ | 33.6 |
Weighted-average remaining lease term (years) | 11.8 |  | 12.5
Weighted-average discount rate | 6.8 | % |  | 6.8 | %
Operating Leases |  |  |
Other Assets | $ | 20.3 |  |  | $ | 22.6 |
Total Operating Lease Assets | $ | 20.3 |  |  | $ | 22.6 |
Accrued expenses | $ | 6.1 |  |  | $ | 6.0 |
Deferred Income Taxes and Other Liabilities | 10.7 |  |  | 11.9 |
Total Operating Lease Liabilities | $ | 16.8 |  |  | $ | 17.9 |
Weighted-average remaining lease term (years) | 6.0 |  | 6.3
Weighted-average discount rate | 6.8 | % |  | 6.5 | %
Supplemental cash flow information related to leases for the nine months ended June 30, 2025 and 2024 were as follows:
| June 30, 2025 |  | June 30, 2024
Right of use assets obtained in exchange for lease liabilities |  |  |
Operating Leases | $ | 2.2 |  |  | $ | 1.5 |
| June 30, 2025 |  | June 30, 2024
Cash used for amounts included in the measurement of lease liabilities |  |  |
Operating cash flows from Operating Leases | $ | 4.4 |  |  | $ | 5.0 |
Financing cash flows from Finance Lease | 1.0 |  |  | 1.0 |
Operating cash flows from Finance Lease | 1.7 |  |  | 2.0 |
Maturities of the Company's finance and operating lease liabilities as of June 30, 2025 by fiscal year are as follows:
| Finance Leases |  | Operating Leases |  | Total
2025 | $ | 0.9 |  |  | $ | 1.8 |  |  | $ | 2.7 |
2026 | 3.7 |  |  | 3.6 |  |  | 7.3 |
2027 | 3.8 |  |  | 2.0 |  |  | 5.8 |
2028 | 3.9 |  |  | 2.0 |  |  | 5.9 |
2029 | 3.9 |  |  | 1.8 |  |  | 5.7 |
Thereafter | 32.3 |  |  | 7.5 |  |  | 39.8 |
Total lease payments | $ | 48.5 |  |  | $ | 18.7 |  |  | $ | 67.2 |
Less: amount representing interest | 16.0 |  |  | 1.9 |  |  | 17.9 |
Present value of lease liabilities | $ | 32.5 |  |  | $ | 16.8 |  |  | $ | 49.3 |
Leases | Note 18 — Leases Finance Leases The Company's finance lease assets and liabilities are attributed to its manufacturing site in Holdrege, Nebraska, which has an initial term of ten years and an option for the Company to extend the lease term for an additional period of up to five years. This lease is classified as a finance lease because the present value of the sum of the lease payments associated with the lease exceeds substantially all of the fair value of the manufacturing site. Operating Leases The Company's operating leases primarily relate to its real estate leases that are not classified as finance leases. Aggregate Lease Information The Company's leases are included in its Condensed Consolidated Balance Sheets as follows:
| June 30, 2025 |  | September 30, 2024
Finance Leases |  |  |
Property, Plant, and Equipment, Net | $ | 28.9 |  |  | $ | 30.8 |
Total Finance Lease Assets | $ | 28.9 |  |  | $ | 30.8 |
Current finance lease liabilities | $ | 3.4 |  |  | $ | 3.4 |
Non Current Finance Lease Liabilities | 29.1 |  |  | 30.2 |
Total Finance Lease Liabilities | $ | 32.5 |  |  | $ | 33.6 |
Weighted-average remaining lease term (years) | 11.8 |  | 12.5
Weighted-average discount rate | 6.8 | % |  | 6.8 | %
Operating Leases |  |  |
Other Assets | $ | 20.3 |  |  | $ | 22.6 |
Total Operating Lease Assets | $ | 20.3 |  |  | $ | 22.6 |
Accrued expenses | $ | 6.1 |  |  | $ | 6.0 |
Deferred Income Taxes and Other Liabilities | 10.7 |  |  | 11.9 |
Total Operating Lease Liabilities | $ | 16.8 |  |  | $ | 17.9 |
Weighted-average remaining lease term (years) | 6.0 |  | 6.3
Weighted-average discount rate | 6.8 | % |  | 6.5 | %
Supplemental cash flow information related to leases for the nine months ended June 30, 2025 and 2024 were as follows:
| June 30, 2025 |  | June 30, 2024
Right of use assets obtained in exchange for lease liabilities |  |  |
Operating Leases | $ | 2.2 |  |  | $ | 1.5 |
| June 30, 2025 |  | June 30, 2024
Cash used for amounts included in the measurement of lease liabilities |  |  |
Operating cash flows from Operating Leases | $ | 4.4 |  |  | $ | 5.0 |
Financing cash flows from Finance Lease | 1.0 |  |  | 1.0 |
Operating cash flows from Finance Lease | 1.7 |  |  | 2.0 |
Maturities of the Company's finance and operating lease liabilities as of June 30, 2025 by fiscal year are as follows:
| Finance Leases |  | Operating Leases |  | Total
2025 | $ | 0.9 |  |  | $ | 1.8 |  |  | $ | 2.7 |
2026 | 3.7 |  |  | 3.6 |  |  | 7.3 |
2027 | 3.8 |  |  | 2.0 |  |  | 5.8 |
2028 | 3.9 |  |  | 2.0 |  |  | 5.9 |
2029 | 3.9 |  |  | 1.8 |  |  | 5.7 |
Thereafter | 32.3 |  |  | 7.5 |  |  | 39.8 |
Total lease payments | $ | 48.5 |  |  | $ | 18.7 |  |  | $ | 67.2 |
Less: amount representing interest | 16.0 |  |  | 1.9 |  |  | 17.9 |
Present value of lease liabilities | $ | 32.5 |  |  | $ | 16.8 |  |  | $ | 49.3 |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
Name: | us-gaap_LesseeFinanceLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration