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v3.25.1

Leases | 6 Months Ended
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Mar. 31, 2025
Leases [Abstract] |
Leases | Leases 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, 2025, and 2024 is as follows (in thousands):
| Three Months Ended March 31, |  | Six Months Ended March 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
Operating lease expense – fixed payments | $ | 1,079 |  |  | $ | 1,292 |  |  | $ | 2,188 |  |  | $ | 2,584 |
Variable lease expense | 364 |  |  | 411 |  |  | 759 |  |  | 861 |
Short-term and other lease expense (includes $89 and $118 recorded in advertising and marketing for the three months ended March 31, 2025, and 2024, respectively, and $191 and $225 for the six months ended March 31, 2025, and 2024, respectively; and $133 and $147 recorded in repairs and maintenance for the three months ended March 31, 2025, and 2024, respectively, and $275 and $288 for the six months ended March 31, 2025, and 2024, respectively; see Note 5) | 316 |  |  | 347 |  |  | 658 |  |  | 677 |
Sublease income | — |  |  | — |  |  | — |  |  | — |
Total lease expense, net | $ | 1,759 |  |  | $ | 2,050 |  |  | $ | 3,605 |  |  | $ | 4,122 |
Other information: |  |  |  |  |  |  |
Operating cash outflows from operating leases | $ | 1,821 |  |  | $ | 2,016 |  |  | $ | 3,779 |  |  | $ | 4,049 |
Weighted average remaining lease term – operating leases |  |  |  |  | 9.3 years |  | 10.1 years
Weighted average discount rate – operating leases |  |  |  |  | 5.7 | % |  | 5.8 | %
Future maturities of operating lease liabilities as of March 31, 2025, are as follows (in thousands):
| Principal Payments |  | Interest Payments |  | Total Payments
April 2025 - March 2026 | $ | 3,073 |  |  | $ | 1,540 |  |  | $ | 4,613 |
April 2026 - March 2027 | 3,254 |  |  | 1,357 |  |  | 4,611 |
April 2027 - March 2028 | 2,860 |  |  | 1,175 |  |  | 4,035 |
April 2028 - March 2029 | 2,652 |  |  | 1,015 |  |  | 3,667 |
April 2029 - March 2030 | 2,476 |  |  | 858 |  |  | 3,334 |
Thereafter | 15,435 |  |  | 2,497 |  |  | 17,932 |
| $ | 29,750 |  |  | $ | 8,442 |  |  | $ | 38,192 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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