XML 67 R43.htm IDEA: XBRL DOCUMENT v3.24.3
LEASES (Tables)
 12 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Lease, Cost
The following table presents the Company’s lease costs included in the Consolidated Statements of Operations for the fiscal year ended September 30:
(Thousands)Income Statement Location202420232022
Operating lease cost (1)
Operation and maintenance$10,368 $9,336 $9,702 
Finance lease cost
Amortization of right-of-use assetsDepreciation and amortization2,160 2,105 $1,769 
Interest on lease liabilitiesInterest expense, net of capitalized interest914 1,084 612 
Total finance lease cost$3,074 $3,189 2,381 
Short-term lease costOperation and maintenance— — 34 
Variable lease costOperation and maintenance1,099 1,128 781 
Total lease cost$14,541 $13,653 $12,898 
(1)Net of capitalized costs.

The following table presents supplemental cash flow information related to leases for the fiscal year ended September 30:
(Thousands)202420232022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases$7,932 $8,942 $7,417 
Operating cash flows for finance leases$914 $1,084 $831 
Financing cash flows for finance leases$7,792 $7,379 $7,145 
Assets and Liabilities, Lessee
The following table presents the balance and classifications of the Company’s right of use assets and lease liabilities included in the Consolidated Balance Sheets for the fiscal year ended September 30:
(Thousands)Balance Sheet Location20242023
Assets
Noncurrent
Operating lease assetsOperating lease assets$184,485 $175,740 
Finance lease assetsUtility plant26,088 28,248 
Total lease assets$210,573 $203,988 
Liabilities
Current
Operating lease liabilitiesOperating lease liabilities$4,945 $4,772 
Finance lease liabilitiesCurrent maturities of long-term debt7,534 8,477 
Noncurrent
Operating lease liabilitiesOperating lease liabilities159,303 148,023 
Finance lease liabilitiesLong-term debt16,026 22,875 
Total lease liabilities$187,808 $184,147 
Operating Lease Liability, Maturity
The following table presents the Company’s maturities of lease liabilities as of September 30, 2024:
(Thousands)OperatingFinance
2025$8,408 $8,169 
20268,852 6,411 
20278,834 4,083 
20288,925 4,715 
20298,994 1,676 
Thereafter233,942 — 
Total future payments277,955 25,054 
Less: interest
(113,707)(1,494)
Total liability$164,248 $23,560 
Finance Lease Liability, Maturity
Contractual commitments for meter sale leaseback arrangements, which represent the most likely outcome of cash payments, as of the fiscal years ended September 30, are as follows:
(Thousands)20252026202720282029ThereafterSubtotal
Future payments$9,665 7,906 5,579 6,211 3,171 1,852 $34,384 
Less: Interest component(2,810)
Total$31,574 
The following table presents the Company’s maturities of lease liabilities as of September 30, 2024:
(Thousands)OperatingFinance
2025$8,408 $8,169 
20268,852 6,411 
20278,834 4,083 
20288,925 4,715 
20298,994 1,676 
Thereafter233,942 — 
Total future payments277,955 25,054 
Less: interest
(113,707)(1,494)
Total liability$164,248 $23,560