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Leases and Commitments (Tables)
3 Months Ended
Dec. 31, 2020
Commitments And Contingencies Disclosure [Abstract]  
Schedule of Lease Related Terms and Discount Rates

 

The table below presents lease related terms and discount rates as of December 31, 2020:

 

As of December 31,2020

 

 

 

 

Weighted average remaining lease term Operating

   leases

 

3.3 years

 

Weighted average discount rate Operating leases

 

 

4.2

%

Schedule of Lease Expense

The Table below represents lease expense recorded during three months ended December 31, 2020 and 2019.

 

 

 

Three Months Ended December 31,

 

 

 

2020

 

 

2019

 

 

$ Change

 

 

% Change

 

Operating lease cost

 

$

13,839

 

 

$

16,784

 

 

$

(2,945

)

 

 

(17.5

)%

Schedule of Future Minimum Rental Payments under Operating Leases of Initial or Remaining Non-cancelable Lease Terms

The following table summarizes future minimum rental payments primarily related to leased aircraft required under operating leases that had initial or remaining non-cancelable lease terms as of December 31, 2020 (in thousands):

 

Periods Ending

December 31,

 

Total Maturities

 

Remainder of 2021

 

$

38,095

 

2022

 

 

33,242

 

2023

 

 

15,973

 

2024

 

 

14,682

 

2025

 

 

1,494

 

Thereafter

 

 

160

 

Less: Interest

 

$

(5,364

)

Amounts recorded in the Consolidated Balance Sheet

 

$

98,282

 

Schedule of Future Minimum Lease Obligations under Non-cancelable Operating Leases

 

The following represents future minimum lease obligations under non-cancelable operating leases as of September 30, 2019 (in thousands):

 

 

Periods Ending

September 30,

 

Total Payments

 

2020

 

 

47,814

 

2021

 

 

46,007

 

2022

 

 

31,090

 

2023

 

 

13,726

 

2024

 

 

13,185

 

Thereafter

 

 

1,368

 

Total

 

$

153,190