XML 37 R19.htm IDEA: XBRL DOCUMENT v3.24.3
Leases (Notes)
 12 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Lessee, operating leases LEASES
The Company leases office space, certain warehouses and equipment primarily through operating lease agreements. The Company has no finance lease agreements. Leases have remaining terms which range from less than 1 year to 9 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,
20242023
ROU assets:
   Other assets$5.8 $7.4 
Lease liabilities:
   Other current liabilities$2.2 $2.1 
   Other liabilities4.3 6.1 
      Total liabilities$6.5 $8.2 
Future minimum payments of the Company’s operating lease liabilities as of September 30, 2024 are presented in the following table.
Fiscal 2025$2.5 
Fiscal 20262.4 
Fiscal 20271.0 
Fiscal 20280.2 
Fiscal 20290.2 
Thereafter0.8 
   Total future minimum payments7.1 
   Less: Implied interest(0.6)
      Total lease liabilities$6.5 
The following table presents supplemental information related to the Company’s operating leases.
Year Ended September 30,
202420232022
Total operating lease expense
$3.4$3.1$3.8
Variable lease expense1.00.90.9
Weighted-average remaining lease term
4 years4 years4 years
Weighted-average incremental borrowing rate
4.9%4.8%4.6%
Operating cash flows for amounts included in the measurement of the Company’s operating lease liabilities for the years ended September 30, 2024, 2023 and 2022 were $2.5, $2.4 and $2.2, respectively. Short-term lease expense for the years ended September 30, 2024, 2023 and 2022 was immaterial. ROU assets obtained in exchange for operating lease liabilities during the years ended September 30, 2024, 2023 and 2022 were immaterial.