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LEASES | 12 Months Ended
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Sep. 30, 2024
Leases [Abstract] |
LEASES | LEASES Right-of-use ("ROU") lease assets and lease liabilities that are reported in the Company’s consolidated balance sheets are as follows:
| September 30, 2024 |  | September 30, 2023
Operating ROU assets, net | $ | 49,165 |  |  | $ | 38,866 |
Current portion of operating lease liabilities | 11,774 |  |  | 10,282 |
Long-term operating lease liabilities | 40,010 |  |  | 29,614 |
Total operating lease liabilities | $ | 51,784 |  |  | $ | 39,896 |
The increase in right-of-use lease assets and lease liabilities in the twelve months ended September 30, 2024 was primarily due to the amendment of real estate leases in California, Indiana, and Wisconsin and due to entering into leases at St. Louis University. The increase in right-of-use lease assets and lease liabilities in the twelve months ended September 30, 2023 was primarily due to entering into leases for two facilities in Maryland. Lease expense for lease payments is recognized on a straight-line basis over the lease term. The components of lease expense related to the Company’s leases for the twelve months ended September 30, 2024 and 2023 were:
| Fiscal Year Ended September 30,
| 2024 |  | 2023
Operating lease costs: |  |  |
Fixed operating lease costs | $ | 13,474 |  |  | $ | 11,790 |
Short-term lease costs | — |  |  | 175 |
Lease income | (3,003) |  |  | (3,039) |
The Company serves as lessor to a lessee in six facilities. The gross rental income and underlying lease expense are presented net in the Company’s consolidated statements of operations. The gross rent receivables and underlying lease liabilities are presented gross in the Company’s consolidated balance sheets. Supplemental cash flow information related to leases was as follows:
| Fiscal Year Ended September 30,
| 2024 |  | 2023
Cash flows included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 12,003 |  |  | $ | 11,252 |
Non-cash lease activity: |  |  |
ROU assets obtained in exchange for new operating lease liabilities | $ | 19,301 |  |  | $ | 15,831 |
The weighted average remaining lease term and discount rate for the Company’s operating leases as of September 30, 2024 and 2023 were:
| Fiscal Years Ended September 30,
| 2024 |  | 2023
Weighted-average remaining lease term (in years) |  |  |
Operating lease | 9.25 |  | 6.71
Weighted-average discount rate (in percentages) |  |  |
Operating lease | 11.71 | % |  | 9.36 | %
Lease duration was determined utilizing renewal options that the Company is reasonably certain to execute. As of September 30, 2024, maturities of operating lease liabilities for each of the following five fiscal years and a total thereafter were as follows:
| Operating Leases
2025 | $ | 10,879 |
2026 | 11,173 |
2027 | 9,299 |
2028 | 7,988 |
2029 | 7,122 |
Thereafter | 47,413 |
Total minimum future lease payments | 93,874 |
Less interest | (42,090) |
Total lease liability | 51,784 |

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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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