Leases

6 Months Ended

Mar. 31, 2025

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