Leases (Tables)

6 Months Ended

Mar. 31, 2023

Leases [Abstract]

Summary of Lease Assets and Lease Liabilities

Lease assets and lease liabilities as of March 31, 2023 and September 30, 2022 were as follows (in thousands):

Leases	Classification on Balance Sheet	March 31, 2023		September 30, 2022
Assets
ROU operating lease assets	Other assets	$	17,532	$	19,724
Finance lease assets	Other assets		73,080		73,541
Total lease assets		$	90,612	$	93,265
Liabilities
Current
Operating	Accrued expenses and other liabilities	$	4,804	$	5,223
Finance	Accrued expenses and other liabilities		2,568		2,366
Non-Current
Operating	Other non-current liabilities		15,365		17,261
Finance	Other non-current liabilities		76,256		75,706
Total lease liabilities		$	98,993	$	100,556

Components of Lease Expense

The components of lease expense for the three and six months ended March 31, 2023 and 2022 were as follows:

	Three Months Ended March 31,						Six Months Ended March 31,
(in thousands)	2023			2022			2023			2022
Operating lease expense	$	1,503		$	1,454		$	3,004		$	2,624
Finance lease amortization of assets		1,272			797			2,521			1,514
Finance lease interest on lease liabilities		1,103			868			2,195			1,673
Short term		99			171			201			218
Sublease income		(72	)		(87	)		(143	)		(206	)
Total lease expense	$	3,905		$	3,203		$	7,778		$	5,823

Supplemental Information Related to Leases

The tables below present supplemental information related to leases as of March 31, 2023 and September 30, 2022:

Weighted-average remaining lease term (years)	March 31, 2023			September 30, 2022
Operating leases		6.8			6.9
Finance leases		25.9			26.5
Weighted-average discount rate
Operating leases		4.3	%		4.1	%
Finance leases		5.8	%		5.9	%

Summary of Maturities of Lease Liabilities

The following table summarizes the maturities of lease liabilities at March 31, 2023:

(in thousands)	Operating Leases			Finance Leases			Total
2023	$	3,021		$	3,453		$	6,474
2024		4,691			6,827			11,518
2025		3,835			6,715			10,550
2026		2,517			6,556			9,073
2027		1,877			6,123			8,000
Thereafter		7,695			122,226			129,921
Total lease payments		23,636			151,900			175,536
Less: interest		(3,467	)		(73,076	)		(76,543	)
Present value of lease liability	$	20,169		$	78,824		$	98,993