Leases (Tables)

12 Months Ended

Sep. 30, 2020

Leases [Abstract]

Summary of ROU Assets and Liabilities

	September 30, 2020
	(dollars in thousands)
ROU asset	$	22,709
Total lease liability	24,114
Weighted average remaining lease term	6.29 years
Weighted average discount rate ¹	1.83		%
1 The Company uses its incremental borrowing rate to calculate the present value of lease payments when the interest rate implicit in the lease is not disclosed.

Supplemental Cash Flow Information Related to Leases

The following table presents supplemental cash flow information related to leases for the fiscal year ended September 30, 2020:

	Fiscal Years Ended September 30,
	2020
	(dollars in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows paid for operating leases	$	5,720
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	8,517

Maturity Analysis of Operating Lease Liability

The following table presents a maturity analysis of the Company's operating lease liability as of September 30, 2020.

Fiscal year	Amount
	(dollars in thousands)
2021	5,441
2022	4,764
2023	4,212
2024	3,406
2025 and thereafter	7,832
Total undiscounted lease payments	25,655
Less: Amounts representing interest	(1,541)
Lease liability	$	24,114

Approximate future minimum rental payments for operating leases in excess of one year in subsequent fiscal years are as follows.

Fiscal year	Amount
	(dollars in thousands)
2021	$	5,441
2022	4,764
2023	4,212
2024	3,406
2025 and thereafter	7,832
Total	$	25,655