LEASES

12 Months Ended

Sep. 30, 2021

Leases [Abstract]

LEASES

LEASES:

The Company’s lease portfolio includes various contracts for real estate, vehicles, information technology and other equipment. The following table presents the balance sheet and lease classification for the Company's lease portfolio as of September 30, 2021 and 2020, respectively:

Balance Sheet Classification	Lease Classification	2021		2020
Non-current assets:
Property, plant and equipment, net	Finance	$	12,337	$	9,185
Other assets	Operating	80,262		72,011
Total lease assets		$	92,599	$	81,196
Current liabilities:
Long-term debt, current maturities	Finance	$	3,674	$	3,515
Other current liabilities	Operating	25,151		23,942
Non-current liabilities:
Long-term debt	Finance	5,503		6,169
Other liabilities	Operating	57,272		49,297
Total lease liabilities		$	91,600	$	82,923

The following table presents the components of lease cost for the years ended September 30, 2021 and 2020, respectively:

		2021		2020
Finance lease cost:
	Amortization of ROU assets	$	4,016	$	2,112
	Interest on lease liabilities	248		206
Operating lease cost (a)		21,716		23,735
Variable lease cost (a)		6,752		5,298
Sublease income		(83)		(732)
Total lease cost		$	32,649	$	30,619

(a) Annual lease cost under operating leases were $28,468, $29,033 and $38,015 in fiscal 2021, 2020 and 2019, respectively. 

Supplemental information regarding the Company's leases follows:

		For the Year Ended September 30,
		2021			2020
Cash paid for finance and operating lease liabilities:
	Operating cash flows from finance leases	$	255		$	207
	Operating cash flows from operating leases	$	28,246		$	29,309
	Financing cash flows from finance leases	$	4,134		$	2,064
ROU assets obtained in exchange for new finance lease liabilities		$	3,687		$	2,613
ROU assets obtained in exchange for new operating lease liabilities		$	16,341		$	12,442
		September 30, 2021			September 30, 2020
Weighted-average remaining lease term - finance leases (years)		3.85			4.39
Weighted-average remaining lease term - operating leases (years)		3.82			3.52
Weighted-discount rate - finance leases		2.70		%	2.89		%
Weighted-discount rate - operating leases		2.28		%	2.82		%

Maturities of lease obligations by fiscal year were as follows as of September 30, 2021:

	Operating Leases		Finance Leases
2022	$	26,643	$	3,927
2023	20,953		2,125
2024	15,588		1,222
2025	10,777		565
2026	7,863		456
Thereafter	4,341		1,592
Total future minimum lease payments	86,165		9,887
Less: Interest	3,742		710
Present value of lease liabilities:	$	82,423	$	9,177

LEASES

LEASES:

The Company’s lease portfolio includes various contracts for real estate, vehicles, information technology and other equipment. The following table presents the balance sheet and lease classification for the Company's lease portfolio as of September 30, 2021 and 2020, respectively:

Balance Sheet Classification	Lease Classification	2021		2020
Non-current assets:
Property, plant and equipment, net	Finance	$	12,337	$	9,185
Other assets	Operating	80,262		72,011
Total lease assets		$	92,599	$	81,196
Current liabilities:
Long-term debt, current maturities	Finance	$	3,674	$	3,515
Other current liabilities	Operating	25,151		23,942
Non-current liabilities:
Long-term debt	Finance	5,503		6,169
Other liabilities	Operating	57,272		49,297
Total lease liabilities		$	91,600	$	82,923

The following table presents the components of lease cost for the years ended September 30, 2021 and 2020, respectively:

		2021		2020
Finance lease cost:
	Amortization of ROU assets	$	4,016	$	2,112
	Interest on lease liabilities	248		206
Operating lease cost (a)		21,716		23,735
Variable lease cost (a)		6,752		5,298
Sublease income		(83)		(732)
Total lease cost		$	32,649	$	30,619

(a) Annual lease cost under operating leases were $28,468, $29,033 and $38,015 in fiscal 2021, 2020 and 2019, respectively. 

Supplemental information regarding the Company's leases follows:

		For the Year Ended September 30,
		2021			2020
Cash paid for finance and operating lease liabilities:
	Operating cash flows from finance leases	$	255		$	207
	Operating cash flows from operating leases	$	28,246		$	29,309
	Financing cash flows from finance leases	$	4,134		$	2,064
ROU assets obtained in exchange for new finance lease liabilities		$	3,687		$	2,613
ROU assets obtained in exchange for new operating lease liabilities		$	16,341		$	12,442
		September 30, 2021			September 30, 2020
Weighted-average remaining lease term - finance leases (years)		3.85			4.39
Weighted-average remaining lease term - operating leases (years)		3.82			3.52
Weighted-discount rate - finance leases		2.70		%	2.89		%
Weighted-discount rate - operating leases		2.28		%	2.82		%

Maturities of lease obligations by fiscal year were as follows as of September 30, 2021:

	Operating Leases		Finance Leases
2022	$	26,643	$	3,927
2023	20,953		2,125
2024	15,588		1,222
2025	10,777		565
2026	7,863		456
Thereafter	4,341		1,592
Total future minimum lease payments	86,165		9,887
Less: Interest	3,742		710
Present value of lease liabilities:	$	82,423	$	9,177