Leases

6 Months Ended

Mar. 31, 2023

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		%

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