Leases (Tables)

3 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Financial Statement Classification of Lease Balances Within Condensed Consolidated Balance Sheets

The following table provides information about the financial statement classification of our lease balances reported within the Condensed Consolidated Balance Sheets, in thousands:

	December 31, 2023		September 30, 2023
Assets
Right-of-use assets - operating	$	10,541	$	11,217
Right-of-use assets - finance		110		123
Total right-of-use assets	$	10,651	$	11,340
Liabilities
Current
Operating lease liabilities	$	2,292	$	2,623
Finance lease liabilities		49		64
Total current portion of long-term lease liabilities		2,341		2,687
Long-term
Operating lease liabilities		8,598		8,894
Finance lease liabilities		46		50
Total long-term lease liabilities		8,644		8,944
Total lease liabilities	$	10,985	$	11,631

Schedule of Financial Statement Classification of Lease Expenses Reported in Condensed Consolidated Statements of Operations

The following table provides information about the financial statement classification of our lease expenses reported in the Condensed Consolidated Statements of Operations, in thousands:

		Three Months Ended December 31,
Lease cost	Classification	2023		2022
Operating lease cost	Cost of sales	$	745	$	461
Operating lease cost	Selling, general and administrative		204		177
Operating lease cost	Research, development and engineering		3		3
Finance lease cost	Cost of sales		1		1
Finance lease cost	Selling, general and administrative		20		18
Short-term lease cost	Cost of sales		—		8
Total lease cost		$	973	$	668

Future Minimum Lease Payments Under Non-cancelable Leases

Future minimum lease payments under non-cancelable leases as of December 31, 2023 are as follows, in thousands:

	Operating Leases		Finance Leases		Total
Remainder of 2024	$	2,317	$	47	$	2,364
2025		2,060		21		2,081
2026		1,726		21		1,747
2027		1,107		11		1,118
2028		1,115		2		1,117
Thereafter		5,146		—		5,146
Total lease payments		13,471		102		13,573
Less: Interest		2,581		7		2,588
Present value of lease liabilities	$	10,890	$	95	$	10,985

Schedule of Weighted Average Remaining Term and Discount Rates

The following table provides information about the remaining lease terms and discount rates applied:

	December 31, 2023			September 30, 2023
Weighted average remaining lease term
Operating leases	7.37 years			7.31 years
Finance leases	2.53 years			2.54 years
Weighted average discount rate
Operating leases		5.55	%		5.50	%
Finance leases		5.03	%		4.91	%