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v3.23.1

Leases (Tables) | 6 Months Ended
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Mar. 31, 2023
Leases [Abstract] |
Schedule of Lease Expense | Total lease expense included in selling, general and administrative expenses in our unaudited condensed consolidated statements of income for the three and six months ended March 31, 2023 and 2022 is as follows (in thousands):
| Three Months Ended March 31, |  | Six Months Ended March 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
Operating lease expense – fixed payments | $ | 1,288 |  |  | $ | 1,136 |  |  | $ | 2,547 |  |  | $ | 2,267 |
Variable lease expense | 359 |  |  | 233 |  |  | 786 |  |  | 567 |
Short-term and other lease expense (includes $63 and $58 recorded in advertising and marketing for the three months ended March 31, 2023 and 2022, respectively, and $127 and $130 for the six months ended March 31, 2023 and 2022, respectively; and $138 and $107 recorded in repairs and maintenance for the three months ended March 31, 2023 and 2022, respectively, and $265 and $190 for the six months ended March 31, 2023 and 2022, respectively; see Note 6) | 319 |  |  | 368 |  |  | 586 |  |  | 698 |
Sublease income | — |  |  | (1) |  |  | — |  |  | (3) |
Total lease expense, net | $ | 1,966 |  |  | $ | 1,736 |  |  | $ | 3,919 |  |  | $ | 3,529 |
Other information: |  |  |  |  |  |  |
Operating cash outflows from operating leases | $ | 1,920 |  |  | $ | 1,690 |  |  | $ | 3,830 |  |  | $ | 3,439 |
Weighted average remaining lease term – operating leases |  |  |  |  | 10.9 years |  | 12.0 years
Weighted average discount rate – operating leases |  |  |  |  | 5.7 | % |  | 5.6 | %
Schedule of Future Maturities of Lease Liabilities | Future maturities of operating lease liabilities as of March 31, 2023 are as follows (in thousands):
| Principal Payments |  | Interest Payments |  | Total Payments
April 2023 - March 2024 | $ | 2,951 |  |  | $ | 2,189 |  |  | $ | 5,140 |
April 2024 - March 2025 | 3,185 |  |  | 2,016 |  |  | 5,201 |
April 2025 - March 2026 | 3,460 |  |  | 1,829 |  |  | 5,289 |
April 2026 - March 2027 | 3,665 |  |  | 1,626 |  |  | 5,291 |
April 2027 - March 2028 | 3,303 |  |  | 1,423 |  |  | 4,726 |
Thereafter | 22,816 |  |  | 5,313 |  |  | 28,129 |
| $ | 39,380 |  |  | $ | 14,396 |  |  | $ | 53,776 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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