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LEASES (Tables)
 12 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Lease Cost Information related to weighted average lease terms and discount rates is as follows:
September 30, 2020
Weighted average remaining lease terms (years):
 Operating leases
22
 Finance leases
18
Weighted average discount rates:
 Operating leases (1)
8.48 %
 Finance leases
4.99 %
_________
(1)The weighted average discount rates for existing operating leases were established upon the adoption of ASU 2016-02 on October 1, 2019.
The components of lease expense are as follows (in thousands):
For the Fiscal Year Ended
September 30, 2020
Operating lease expense$38,414 
Short-term lease expense27,121 
Variable lease expense12,922 
Finance lease expense:
Amortization of ROU assets2,401 
Interest on lease liabilities1,547 
Less: sublease income (1)(20,791)
Total $61,614 
_________
(1)Represents income earned by the Company from the rental of hotel, convention or retail space at the MGE Niagara Resorts and the Earth Hotel Tower at Mohegan Sun, both of which are leased properties.
    Supplemental cash flow information related to lease liabilities is as follows (in thousands):
For the Fiscal Year Ended
September 30, 2020
 Cash paid for amounts included in the measurement of lease liabilities:
 Payments on operating lease obligations
$22,844 
 Payments for interest on finance lease obligations
889 
 Payments on finance lease obligations
1,298 
 Total
$25,031 
Operating Lease Liability Maturities of ROU lease obligations are as follows (in thousands):
Operating Leases
Finance Leases
Fiscal years:
2021$48,623 $4,261 
202238,295 3,107 
202337,824 2,913 
202437,942 2,547 
202538,201 2,146 
Thereafter812,066 30,445 
Total future lease payments1,012,951 45,419 
Less: amounts representing interest(581,314)(14,735)
Plus: residual values— 327 
Present value of future lease payments431,637 31,011 
Less: current portion of lease obligations(19,939)(2,802)
Lease obligations, net of current portion$411,698 $28,209 
Finance Lease Liability Maturities of ROU lease obligations are as follows (in thousands):
Operating Leases
Finance Leases
Fiscal years:
2021$48,623 $4,261 
202238,295 3,107 
202337,824 2,913 
202437,942 2,547 
202538,201 2,146 
Thereafter812,066 30,445 
Total future lease payments1,012,951 45,419 
Less: amounts representing interest(581,314)(14,735)
Plus: residual values— 327 
Present value of future lease payments431,637 31,011 
Less: current portion of lease obligations(19,939)(2,802)
Lease obligations, net of current portion$411,698 $28,209 
Schedule of Rent Expense
Lease income consists of the following (in thousands):
For the Fiscal Year Ended
September 30, 2020
HotelRetail,
Entertainment and Other
Fixed rent$42,473 $7,160 
Variable rent— 4,176 
Total$42,473 $11,336 
Schedule of Lease Payments to Be Received Future fixed rental income that the Company expects to earn under non-cancelable operating leases, exclusive of amounts under contingent escalated rent clauses, is as follows (in thousands):
Fiscal years:
Operating Leases
Fixed Rental Income
2021$6,669 
20224,954 
20234,397 
20243,891 
20252,804 
Thereafter6,715 
Total $29,430 
Schedule of Property and Equipment The portions of Mohegan Sun, including the Sky Hotel Tower and the Earth Expo & Convention Center, and Mohegan Sun Pocono that are leased to third parties under operating leases are recorded within property and equipment, net as follows (in thousands):
September 30, 2020
Property and equipment, at cost$484,143 
Less: accumulated depreciation(198,080)
Property and equipment, net$286,063 
Schedule of Future Minimum Capital Lease Payments
Minimum future capital lease payments were as follows (in thousands):
Fiscal years:Capital Leases
2020$2,571 
20212,598 
20222,598 
20232,548 
20242,251 
Thereafter32,832 
Total minimum future capital lease payments45,398 
Less: amounts representing interest(16,031)
Plus: residual values327 
Present value of capital lease obligations29,694 
Less: current portion of capital lease obligations(1,133)
Capital lease obligations, net of current portion$28,561 
Schedule of Future Minimum Rental Payments
Minimum future rental income that the Company expected to earn under non-cancelable leases was as follows (in thousands):
Fiscal years:Operating Leases
2020$4,808 
20214,038 
20222,485 
20232,092 
20242,011 
Thereafter5,734 
Total
$21,168 
Schedule of Future Rental Payments
Minimum future rental payments that the Company expected to incur under non-cancelable leases and subleases was as follows (in thousands):
Operating Leases
Fiscal years:
Minimum Future Rental Payments 
Minimum Future Sublease IncomeTotal
2020$32,504 $(1,709)$30,795 
202130,376 (1,428)28,948 
202230,651 (1,114)29,537 
202330,473 (987)29,486 
202430,602 (1,025)29,577 
Thereafter715,910 (843)715,067 
Total
$870,516 $(7,106)$863,410