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Leases | 3 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Leases | Leases The following table summarizes lease balances presented on our consolidated balance sheets as follows (in thousands):
|  | December 31, |  | September 30,
|  | 2024 |  | 2024
Operating lease right-of-use assets |  | $ | 7,255 |  |  | $ | 6,681 |
Operating lease liabilities - current |  | $ | 2,753 |  |  | $ | 2,652 |
Operating lease liabilities - long-term |  | 13,354 |  |  | 12,789 |
Total operating lease liabilities |  | $ | 16,107 |  |  | $ | 15,441 |
As of December 31, 2024, operating leases for facilities and equipment have remaining lease terms of less than 1 year to 6.3 years. The non-cash increase in both lease liabilities and right-of-use assets during the current period is primarily attributable to an extension of an existing operating lease. The non-cash increase to lease liabilities from the lease extension was $1.4 million. Total lease costs for our leases were as follows (in thousands):
|  |  |  | Three Months Ended
|  |  |  | December 31,
|  |  |  |  |  | 2024 |  | 2023
Operating |  |  |  |  |  | $ | 846 |  |  | $ | 873 |
Short-term |  |  |  |  |  | 159 |  |  | 50 |
Variable |  |  |  |  |  | 33 |  |  | 37 |
Sublease income (a) |  |  |  |  |  | (49) |  |  | (67) |
Total lease costs |  |  |  |  |  | $ | 989 |  |  | $ | 893 |
(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 December 31, 2024 were as follows (in thousands):
Fiscal year ending: |  |
2025 (remaining) |  | $ | 2,814 |
2026 |  | 3,641 |
2027 |  | 3,052 |
2028 |  | 2,914 |
2029 |  | 3,013 |
Thereafter |  | 3,880 |
Total future lease payments |  | 19,314 |
Less: imputed interest |  | (3,207) |
Present value of future minimum lease payments |  | 16,107 |
Less: current portion of operating lease liabilities |  | (2,753) |
Long-term operating lease liabilities |  | $ | 13,354 |
At December 31, 2024, the weighted-average remaining lease term and weighted-average discount rate were 5.6 years and 6.6%, 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 were as follows (in thousands):
|  | Three Months Ended |
|  | December 31, |
|  | 2024 |  | 2023 |
Cash paid for amounts included in the measurement of lease liabilities |  | $ | 968 |  |  | $ | 1,237 |  |
Lease liabilities arising from obtaining right-of-use assets |  | 1,377 |  |  | — |  |
Other lease information |  | $ | 2,345 |  |  | $ | 1,237 |  |

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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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