Leases

12 Months Ended

Sep. 30, 2024

16) Leases

The Company has entered into certain operating leases for office space, vehicles and other equipment with lease terms between one to twenty two years, expiring between 2024 and 2046. 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)	2024			2023			2022
Lease cost:
Operating lease cost	$	25,294		$	23,637		$	23,186
Short-term lease cost		754			818			1,024
Variable lease cost		6,153			5,598			7,400
Total lease cost	$	32,201		$	30,053		$	31,610

Other information:
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	25,504		$	23,622		$	22,513
Right-of-use assets obtained in exchange for new operating lease liabilities	$	20,619		$	15,994		$	16,366
Weighted-average remaining lease term – operating leases	5.3 years			5.6 years			6.1 years
Weighted-average discount rate – operating leases		6.3	%		5.9	%		5.4	%

Maturities of noncancelable operating lease liabilities as of September 30, 2024 are as follows:


	September 30,
(in thousands)	2024
2025	$	25,240
2026		23,795
2027		19,664
2028		15,276
2029		11,618
Thereafter		17,806
Total undiscounted lease payments		113,399
Less imputed interest		(17,651	)
Total lease liabilities	$	95,748