Leases

12 Months Ended

Sep. 30, 2023

16) Leases

The Company has entered into certain operating leases for office space, vehicles and other equipment with lease terms between one to fifteen years, expiring between 2023 and 2033. Some of the Company’s real estate property lease agreements have options to extend the leases for up to ten years.

A summary of total lease costs and other information is comprised of the following for the indicated periods:


	Years Ended September 30,
(in thousands)	2023			2022			2021
Lease cost:
Operating lease cost	$	23,637		$	23,186		$	25,185
Short-term lease cost		818			1,024			826
Variable lease cost		5,598			7,400			5,867
Total lease cost	$	30,053		$	31,610		$	31,878

Other information:
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	23,622		$	22,513		$	24,894
Right-of-use assets obtained in exchange for new operating lease liabilities	$	15,994		$	16,366		$	15,894
Weighted-average remaining lease term – operating leases	5.6 years			6.1 years			6.6 years
Weighted-average discount rate – operating leases		5.9	%		5.4	%		4.8	%

Maturities of noncancelable operating lease liabilities as of September 30, 2023 are as follows:


	September 30,
(in thousands)	2023
2024	$	23,271
2025		22,346
2026		19,694
2027		15,539
2028		11,512
Thereafter		20,808
Total undiscounted lease payments		113,170
Less imputed interest		(17,485	)
Total lease liabilities	$	95,685