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Leases (Note)
3 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Leases of lessee disclosure LEASES
The Company leases office space, certain warehouses and equipment primarily through operating lease agreements. The Company has no material finance lease agreements. Leases have remaining terms which range from less than 1 year to 6 years and most leases provide the Company with the option to exercise one or more renewal terms.
Operating lease expense is recognized on a straight-line basis over the lease term and is included in “Selling, general and administrative expenses” in the Condensed Consolidated Statements of Operations. Costs associated with finance leases and lease income do not have a material impact on the Company’s financial statements.
The following table presents the balance sheet location of the Company’s operating leases.
December 31,
2020
September 30,
2020
ROU assets:
   Other assets$11.3 $11.9 
Lease liabilities:
   Other current liabilities$2.1 $2.2 
   Other liabilities10.4 11.0 
      Total liabilities$12.5 $13.2 
The following table presents maturities of the Company’s operating lease liabilities.
December 31,
2020
Remaining Fiscal 2021$2.1 
Fiscal 20222.8 
Fiscal 20232.5 
Fiscal 20241.9 
Fiscal 20252.0 
Thereafter2.8 
   Total future minimum payments14.1 
   Less: Implied interest(1.6)
      Total lease liabilities$12.5 
Operating lease expense for the three months ended December 31, 2020 and 2019 was $1.0 and $1.1, respectively, which included immaterial variable lease costs and short-term lease costs in both periods. Operating cash flows for amounts included in the measurement of the Company’s operating lease liabilities were $0.9 for both the three months ended December 31, 2020 and 2019. ROU assets obtained in exchange for operating lease liabilities during the three months ended December 31, 2020 and 2019 were immaterial.
The weighted average remaining lease term of the Company’s operating leases was approximately 5 years and 6 years as of December 31, 2020 and September 30, 2020, respectively. The weighted average incremental borrowing rate was 4.2% at both December 31, 2020 and September 30, 2020.