Leases (Notes)

12 Months Ended

Sep. 30, 2021

Leases [Abstract]

Lessee, operating leases

LEASESThe 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.

The following table presents the balance sheet location of the Company’s operating leases.

	September 30,
	2021		2020
ROU assets:
Other assets	$	9.7	$	11.9
Lease liabilities:
Other current liabilities	$	2.3	$	2.2
Other liabilities	8.6		11.0
Total liabilities	$	10.9	$	13.2

Future maturities of the Company’s operating lease liabilities as of September 30, 2021 are presented in the following table.

Fiscal 2022	$	2.8
Fiscal 2023	2.6
Fiscal 2024	2.0
Fiscal 2025	2.0
Fiscal 2026	2.1
Thereafter	0.7
Total future minimum payments	12.2
Less: Implied interest	(1.3)
Total lease liabilities	$	10.9

The following table presents supplemental information related to the Company’s operating leases reported under ASC Topic 842.

	September 30,
	2021		2020
Operating lease expense	3.7		4.0
Variable lease expense	0.7		0.6
Short-term lease expense	—		—
Weighted average remaining lease term	5 years		6 years
Weighted average incremental borrowing rate	4.3	%	4.2	%

Operating cash flows for amounts included in the measurement of the Company’s operating lease liabilities for the years ended September 30, 2021 and 2020 were $3.0 and $3.6, respectively. ROU assets obtained in exchange for operating lease liabilities during the years ended September 30, 2021 and 2020 were immaterial.

As reported under ASC Topic 840, rent expense for the year ended September 30, 2019 was $3.3.