Leases (Notes)

12 Months Ended

Sep. 30, 2023

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 10 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,
	2023		2022
ROU assets:
Other assets	$	7.4	$	7.5
Lease liabilities:
Other current liabilities	$	2.1	$	1.9
Other liabilities	6.1		6.6
Total liabilities	$	8.2	$	8.5

Future minimum payments of the Company’s operating lease liabilities as of September 30, 2023 are presented in the following table.

Fiscal 2024	$	2.4
Fiscal 2025	2.3
Fiscal 2026	2.3
Fiscal 2027	0.9
Fiscal 2028	0.2
Thereafter	1.0
Total future minimum payments	9.1
Less: Implied interest	(0.9)
Total lease liabilities	$	8.2

The following table presents supplemental information related to the Company’s operating leases.

	Year Ended September 30,
	2023	2022	2021
Total operating lease expense	$3.1	$3.8	$3.7
Variable lease expense	0.9	0.9	0.7
Weighted-average remaining lease term	4 years	4 years	5 years
Weighted-average incremental borrowing rate	4.8%	4.6%	4.3%

Operating cash flows for amounts included in the measurement of the Company’s operating lease liabilities for the years ended September 30, 2023, 2022 and 2021 were $2.4, $2.2 and $3.0, respectively. Short-term lease expense for the years ended September 30, 2023, 2022 and 2021 was immaterial. ROU assets obtained in exchange for operating lease liabilities during the years ended September 30, 2023, 2022 and 2021 were immaterial.