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Leases (Tables)
12 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Schedule of Future Maturities of Lease Liabilities
Future maturities of operating lease liabilities as of September 30, 2024 are as follows (in thousands):
Principal
Portion
Interest
Portion
Total
Payments
October 2024 - September 2025$3,290 $1,790 $5,080 
October 2025 - September 20263,572 1,591 5,163 
October 2026 - September 20273,590 1,381 4,971 
October 2027 - September 20283,047 1,187 4,234 
October 2028 - September 20293,127 1,001 4,128 
Thereafter 17,423 3,025 20,448 
$34,049 $9,975 $44,024 
Schedule of Lease Expense
Total lease expense under ASC 842 is included in selling, general and administrative expenses in our consolidated statement of income, except for sublease income which is included in other revenue, for the years ended September 30, 2024, 2023, and 2022 as follows (in thousands):
202420232022
Operating lease expense – fixed payments$5,029 $5,166 $4,738 
Variable lease expense1,707 1,629 1,397 
Short-term equipment and other lease expense (includes $448, $357 and $258 recorded in advertising and marketing for fiscal 2024, 2023, and 2022, respectively, and $605, $557 and $435 recorded in repairs and maintenance, respectively; see Note 5)
1,416 1,325 1,264 
Sublease income— — (4)
Total lease expense, net$8,152 $8,120 $7,395 
Other information:
Operating cash outflows from operating leases$8,154 $7,949 $7,200 
Weighted average remaining lease term9.4 years10.5 years11.0 years
Weighted average discount rate5.7 %5.8 %5.6 %