Leases (Tables)

3 Months Ended

9 Months Ended

Mar. 31, 2022

Sep. 30, 2021

Leases [Abstract]

Components of Net Lease Cost

The following table details the components of net lease cost for the periods presented ($ in thousands):

	Three Months Ended March 31,
	2022			2021
Finance leases:
Amortization of right-of-use assets	$	387		$	384
Interest on lease liabilities		49			57
Operating lease cost		1,275			1,305
Short-term lease cost		132			119
Variable lease cost		311			307
Sublease income		(80	)		(76	)
Net lease cost	$	2,074		$	2,096

Cash Payments Included in Measurement of Lease Liabilities

The following table details the cash payments included in the measurement of lease liabilities during the periods presented ($ in thousands):

	Three Months Ended March 31,
	2022		2021
Finance leases:
Operating cash flows included in operating activities	$	49	$	57
Financing cash flows included in payments under finance lease obligations		366		354
Operating leases:
Operating cash flows (fixed payments) included in other operating activities, net		1,276		1,009
Operating cash flows (liability reduction) included in other operating activities, net		1,041		967

Balance Sheet Information and Weighted-Average Lease Terms and Discount Rates Related to Leases

The following table details balance sheet information, as well as weighted-average lease terms and discount rates, related to leases at March 31, 2022 and December 31, 2021 ($ in thousands):

	March 31, 2022			December 31, 2021
Finance lease right-of-use assets, net of accumulated depreciation	$	5,630		$	6,017
Finance lease liabilities		6,098			6,464
Operating lease right-of-use assets		34,048			34,603
Operating lease liabilities		35,912			36,468
Weighted-average lease term:
Finance leases	8.42 years			8.37 years
Operating leases	8.99 years			9.25 years
Weighted-average discount rate:
Finance leases		3.29	%		3.24	%
Operating leases		2.83	%		2.84	%

Future Minimum Rental Commitments Under Finance and Operating Leases

At March 31, 2022, future minimum rental commitments under finance and operating leases were as follows ($ in thousands):

	Finance Leases			Operating Leases
2022 (excluding the three months ended March 31, 2022)	$	1,182		$	3,770
2023		885			4,875
2024		572			4,920
2025		584			4,840
2026		589			4,645
Thereafter		3,279			17,663
Total minimum lease payments		7,091			40,713
Less imputed interest		(993	)		(4,801	)
Lease liabilities	$	6,098		$	35,912