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Leases (Tables)
12 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Components of Operating and Financing Lease Costs

The components of our operating and finance lease costs were as follows (in thousands):

 

 

 

Year Ended September 30,

 

 

 

2022

 

 

2021

 

Operating lease costs

 

$

37,637

 

 

$

37,929

 

Variable and short-term lease costs

 

 

5,783

 

 

 

6,708

 

Interest expense on finance lease liabilities

 

 

547

 

 

 

576

 

Amortization expense of finance lease assets

 

 

2,705

 

 

 

2,130

 

Total lease costs

 

$

46,672

 

 

$

47,343

 

Schedule of Weighted Average Remaining Terms and Discount Rates for Operating and Financing Leases

The table below presents the weighted average remaining terms and discount rates for our operating and finance leases as of September 30, 2022:

 

As of September 30, 2022

 

 

 

 

Finance leases:

 

 

 

 

Weighted average remaining lease term

 

7.4 years

 

Weighted average discount rate

 

 

6.1

%

Operating leases:

 

 

 

 

Weighted average remaining lease term

 

3.8 years

 

Weighted average discount rate

 

 

4.5

%

Schedule of Future Minimum Rental Payments Under Operating and Finance 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 and finance leases that had initial or remaining non-cancelable lease terms as of September 30, 2022 (in thousands):

 

Periods Ending

September 30,

 

Operating Leases

 

 

Finance

Leases

 

2023

 

$

18,356

 

 

$

2,730

 

2024

 

 

10,172

 

 

 

7,054

 

2025

 

 

1,564

 

 

 

1,800

 

2026

 

 

1,046

 

 

 

1,800

 

2027

 

 

1,029

 

 

 

1,800

 

Thereafter

 

 

5,054

 

 

 

6,600

 

Total lease payments

 

 

37,221

 

 

 

21,784

 

Less: imputed interest

 

 

(3,256

)

 

 

(3,746

)

Amounts recorded in the consolidated balance sheet

 

$

33,965

 

 

$

18,038