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v3.22.2.2

LEASES | 12 Months Ended
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Sep. 30, 2022
Leases [Abstract] |
LEASES | LEASES: The Company’s lease portfolio includes various contracts for real estate, vehicles, information technology and other equipment. The following table presents the balance sheet and lease classification for the Company's lease portfolio as of September 30, 2022 and 2021, respectively:
Balance Sheet Classification |  | Lease Classification |  | 2022 |  | 2021 |  |
Non-current assets: |  |  |  |  |  |  |  |
Property, plant and equipment, net |  | Finance |  | $ | 10,727 |  |  | $ | 12,337 |  |  |
Other assets |  | Operating |  | 71,974 |  |  | 80,262 |  |  |
Total lease assets |  |  |  | $ | 82,701 |  |  | $ | 92,599 |  |  |
Current liabilities: |  |  |  |  |  |  |  |
Long-term debt, current maturities |  | Finance |  | $ | 2,284 |  |  | $ | 3,674 |  |  |
Other current liabilities |  | Operating |  | 22,869 |  |  | 25,151 |  |  |
Non-current liabilities: |  |  |  |  |  |  |  |
Long-term debt |  | Finance |  | 4,782 |  |  | 5,503 |  |  |
Other liabilities |  | Operating |  | 51,445 |  |  | 57,272 |  |  |
Total lease liabilities |  |  |  | $ | 81,380 |  |  | $ | 91,600 |  |  |
The following table presents the components of lease cost for the years ended September 30, 2022, 2021 and 2020, respectively:
|  |  |  | 2022 |  | 2021 |  | 2020
Finance lease cost: |  |  |  |  |  |  |
| Amortization of ROU assets |  |  | $ | 3,816 |  |  | $ | 4,016 |  |  | $ | 2,112 |
| Interest on lease liabilities |  |  | 205 |  |  | 248 |  |  | 206 |
Operating lease cost |  |  | 21,675 |  |  | 21,716 |  |  | 23,735 |
Variable lease cost |  |  | 10,486 |  |  | 6,752 |  |  | 5,298 |
Sublease income |  |  | (279) |  |  | (83) |  |  | (732) |
Total lease cost |  |  | $ | 35,903 |  |  | $ | 32,649 |  |  | $ | 30,619 |
Supplemental information regarding the Company's leases follows:
| For the Year Ended September 30,
|  | 2022 |  | 2021 |  | 2020
Cash paid for finance and operating lease liabilities: |  |  |  |  |
| Operating cash flows from finance leases | $ | 211 |  |  | $ | 255 |  |  | $ | 207 |
| Operating cash flows from operating leases | 27,648 |  |  | 28,246 |  |  | 29,309 |
| Financing cash flows from finance leases | 3,691 |  |  | 4,134 |  |  | 2,064 |
ROU assets obtained in exchange for new finance lease liabilities | 1,516 |  |  | 3,687 |  |  | 2,613 |
ROU assets obtained in exchange for new operating lease liabilities | 10,365 |  |  | 16,341 |  |  | 12,442 |
|  | September 30,
|  | 2022 |  | 2021 |  | 2020
Weighted-average remaining lease term - finance leases (years) | 4.28 |  | 3.85 |  | 4.39
Weighted-average remaining lease term - operating leases (years) | 3.62 |  | 3.82 |  | 3.52
Weighted-discount rate - finance leases | 3.08 | % |  | 2.70 | % |  | 2.89 | %
Weighted-discount rate - operating leases | 2.45 | % |  | 2.28 | % |  | 2.82 | %
Maturities of lease obligations by fiscal year were as follows as of September 30, 2022:
|  | Operating Leases |  | Finance Leases
2023 |  | $ | 24,378 |  |  | $ | 2,499 |
2024 |  | 19,973 |  |  | 1,552 |
2025 |  | 14,755 |  |  | 899 |
2026 |  | 11,023 |  |  | 799 |
2027 |  | 4,538 |  |  | 711 |
Thereafter |  | 3,311 |  |  | 1,262 |
Total future minimum lease payments |  | 77,978 |  |  | 7,722 |
Less: Interest |  | 3,664 |  |  | 656 |
Present value of lease liabilities: |  | $ | 74,314 |  |  | $ | 7,066 |
LEASES | LEASES: The Company’s lease portfolio includes various contracts for real estate, vehicles, information technology and other equipment. The following table presents the balance sheet and lease classification for the Company's lease portfolio as of September 30, 2022 and 2021, respectively:
Balance Sheet Classification |  | Lease Classification |  | 2022 |  | 2021 |  |
Non-current assets: |  |  |  |  |  |  |  |
Property, plant and equipment, net |  | Finance |  | $ | 10,727 |  |  | $ | 12,337 |  |  |
Other assets |  | Operating |  | 71,974 |  |  | 80,262 |  |  |
Total lease assets |  |  |  | $ | 82,701 |  |  | $ | 92,599 |  |  |
Current liabilities: |  |  |  |  |  |  |  |
Long-term debt, current maturities |  | Finance |  | $ | 2,284 |  |  | $ | 3,674 |  |  |
Other current liabilities |  | Operating |  | 22,869 |  |  | 25,151 |  |  |
Non-current liabilities: |  |  |  |  |  |  |  |
Long-term debt |  | Finance |  | 4,782 |  |  | 5,503 |  |  |
Other liabilities |  | Operating |  | 51,445 |  |  | 57,272 |  |  |
Total lease liabilities |  |  |  | $ | 81,380 |  |  | $ | 91,600 |  |  |
The following table presents the components of lease cost for the years ended September 30, 2022, 2021 and 2020, respectively:
|  |  |  | 2022 |  | 2021 |  | 2020
Finance lease cost: |  |  |  |  |  |  |
| Amortization of ROU assets |  |  | $ | 3,816 |  |  | $ | 4,016 |  |  | $ | 2,112 |
| Interest on lease liabilities |  |  | 205 |  |  | 248 |  |  | 206 |
Operating lease cost |  |  | 21,675 |  |  | 21,716 |  |  | 23,735 |
Variable lease cost |  |  | 10,486 |  |  | 6,752 |  |  | 5,298 |
Sublease income |  |  | (279) |  |  | (83) |  |  | (732) |
Total lease cost |  |  | $ | 35,903 |  |  | $ | 32,649 |  |  | $ | 30,619 |
Supplemental information regarding the Company's leases follows:
| For the Year Ended September 30,
|  | 2022 |  | 2021 |  | 2020
Cash paid for finance and operating lease liabilities: |  |  |  |  |
| Operating cash flows from finance leases | $ | 211 |  |  | $ | 255 |  |  | $ | 207 |
| Operating cash flows from operating leases | 27,648 |  |  | 28,246 |  |  | 29,309 |
| Financing cash flows from finance leases | 3,691 |  |  | 4,134 |  |  | 2,064 |
ROU assets obtained in exchange for new finance lease liabilities | 1,516 |  |  | 3,687 |  |  | 2,613 |
ROU assets obtained in exchange for new operating lease liabilities | 10,365 |  |  | 16,341 |  |  | 12,442 |
|  | September 30,
|  | 2022 |  | 2021 |  | 2020
Weighted-average remaining lease term - finance leases (years) | 4.28 |  | 3.85 |  | 4.39
Weighted-average remaining lease term - operating leases (years) | 3.62 |  | 3.82 |  | 3.52
Weighted-discount rate - finance leases | 3.08 | % |  | 2.70 | % |  | 2.89 | %
Weighted-discount rate - operating leases | 2.45 | % |  | 2.28 | % |  | 2.82 | %
Maturities of lease obligations by fiscal year were as follows as of September 30, 2022:
|  | Operating Leases |  | Finance Leases
2023 |  | $ | 24,378 |  |  | $ | 2,499 |
2024 |  | 19,973 |  |  | 1,552 |
2025 |  | 14,755 |  |  | 899 |
2026 |  | 11,023 |  |  | 799 |
2027 |  | 4,538 |  |  | 711 |
Thereafter |  | 3,311 |  |  | 1,262 |
Total future minimum lease payments |  | 77,978 |  |  | 7,722 |
Less: Interest |  | 3,664 |  |  | 656 |
Present value of lease liabilities: |  | $ | 74,314 |  |  | $ | 7,066 |

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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 https://asc.fasb.org/subtopic&trid=77888251 + Details
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