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Commitments
9 Months Ended
Jun. 30, 2019
Commitments And Contingencies Disclosure [Abstract]  
Commitments

13.

Commitments

At June 30, 2019, the Company leased 18 aircraft under noncancelable operating leases with remaining terms of up to 4.8 years. The Company has the option to terminate certain leases at various times throughout the lease. The Company headquarters and other facility noncancelable operating leases have remaining terms of up to 6.4 years. The leases require the Company to pay all taxes, maintenance, insurance, and other operating expenses. Rental expense is recognized on a straight-line basis over the lease term, net of lessor rebates and other incentives. Aggregate rental expense under all operating aircraft, equipment and facility leases totaled approximately $18.1 million and $21.6 million for the three months ended June 30, 2019 and 2018, respectively, and $55.9 million and $62.8 million for the nine months ended June 30, 2019 and 2018, respectively.

Future minimum lease payments as of June 30, 2019, under noncancelable operating leases are as follows (in thousands):

 

Periods Ending

September 30,

 

Aircraft

 

 

Other

 

 

Total

 

Remainder of 2019

 

 

6,265

 

 

 

1,098

 

 

 

7,363

 

2020

 

 

44,231

 

 

 

2,837

 

 

 

47,068

 

2021

 

 

44,314

 

 

 

1,665

 

 

 

45,979

 

2022

 

 

29,751

 

 

 

1,339

 

 

 

31,090

 

2023

 

 

12,418

 

 

 

1,308

 

 

 

13,726

 

Thereafter

 

 

11,849

 

 

 

2,704

 

 

 

14,553

 

Total

 

$

148,828

 

 

$

10,951

 

 

$

159,779

 

 

The majority of the Company's leased aircraft are leased through trusts that have a sole purpose to purchase, finance, and lease these aircraft to the Company; therefore, they meet the criteria of a variable interest entity. However, since these are single-owner trusts in which the Company does not participate, the Company is not at risk for losses and is not considered the primary beneficiary. Management believes that the Company's maximum exposure under these leases is the remaining lease payments.