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Leases | 12 Months Ended
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Sep. 30, 2023
Leases [Abstract] |
Leases | Leases The following table summarizes lease balances presented on our consolidated balance sheets at September 30, 2023 and 2022 (in thousands):
| 2023 |  | 2022
Operating lease right-of-use assets (a) | $ | 9,656 |  |  | $ | 16,851 |
Operating lease liabilities, current | $ | 3,463 |  |  | $ | 2,235 |
Operating lease liabilities, long-term | 15,908 |  |  | 16,461 |
Operating lease liabilities | $ | 19,371 |  |  | $ | 18,696 |
(a) Impairment loss of long-lived assets is a loss associated with a reduction of the fair value of an asset prompted by a triggering event. During the fourth quarter of fiscal 2023, DLH reduced its leased office space requirement by consolidating underutilized premises as part of an ongoing facility rationalization effort, to accurately reflect the operational needs of the business. As a result, the Company has determined that its Right of Use Assets experienced a reduction in fair value below its associated carrying value and recorded a $7.7 million loss of fair value. For the years ended September 30, 2023 and 2022, total lease costs for our operating leases are as follows (in thousands):
|  | 2023 |  | 2022 |  |
Operating |  | $ | 3,911 |  |  | $ | 3,548 |  |  |
Short-term |  | 287 |  |  | 114 |  |  |
Variable |  | 95 |  |  | 120 |  |  |
Sublease income (a) |  | (282) |  |  | (258) |  |  |
Lease costs |  | $ | 4,011 |  |  | $ | 3,524 |  |  |
(a): The Company subleases a portion of one of its leased facilities. The sublease is classified as an operating lease with respect to the underlying asset. The sublease term is 5 years and includes two additional 1-year term extension options. The Company's future minimum lease payments as of September 30, 2023 are as follows (in thousands):
For the Fiscal Year Ending September 30, |
2024 | $ | 4,612 |
2025 | 3,928 |
2026 | 3,700 |
2027 | 2,627 |
2028 | 2,377 |
Thereafter | 6,295 |
Total future minimum lease payments | $ | 23,539 |
Less: imputed interest | (4,168) |
Present value of future minimum lease payments | $ | 19,371 |
Less: current portion of operating lease liabilities | (3,463) |
Long-term operating lease liabilities | $ | 15,908 |
At September 30, 2023, the weighted-average remaining lease term and weighted-average discount rate are 6.3 years and 6.3%, respectively. The calculation of the weighted-average discount rate was determined based on borrowing terms from our secured term loan. Other information related to our leases is as follows for the years ending September 30, 2023 and 2022 (in thousands):
|  | 2023 |  | 2022 |  |
Cash paid for amounts included in the measurement of lease liabilities |  | $ | 4,468 |  |  | $ | 3,411 |  |  |
New lease liabilities, net of new right-of-use-assets |  | 120 |  |  | — |  |  |
Other lease information |  | $ | 4,588 |  |  | $ | 3,411 |  |  |

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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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