XML 58 R42.htm IDEA: XBRL DOCUMENT v3.23.3
Leases (Tables)
12 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Schedule of Future Maturities of Lease Liabilities
Future maturities of operating lease liabilities as of September 30, 2023 are as follows (in thousands):
Principal
Portion
Interest
Portion
Total
Payments
October 2023 - September 2024$2,977 $2,056 $5,033 
October 2024 - September 20253,227 1,881 5,108 
October 2025 - September 20263,516 1,691 5,207 
October 2026 - September 20273,532 1,487 5,019 
October 2027 - September 20282,982 1,300 4,282 
Thereafter 21,918 4,630 26,548 
$38,152 $13,045 $51,197 
Schedule of Lease Expense
Total lease expense under ASC 842 was included in selling, general and administrative expenses in our consolidated statement of income, except for sublease income which was included in other revenue, for the years ended September 30, 2023, 2022, and 2021 as follows (in thousands):
202320222021
Operating lease expense – fixed payments$5,166 $4,738 $3,325 
Variable lease expense1,629 1,397 349 
Short-term equipment and other lease expense (includes $357, $258 and $298 recorded in advertising and marketing for fiscal 2023, 2022, and 2021, respectively, and $557, $435 and $397 recorded in repairs and maintenance, respectively; see Note 4)
1,325 1,264 955 
Sublease income— (4)(6)
Total lease expense, net$8,120 $7,395 $4,623 
Other information:
Operating cash outflows from operating leases$7,949 $7,200 $4,522 
Weighted average remaining lease term10.5 years11 years12 years
Weighted average discount rate5.8 %5.6 %6.0 %