Leases (Tables)

9 Months Ended

Jun. 30, 2024

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:

	June 30, 2024		September 30, 2023
Assets
Right-of-use assets - operating	$	17,559	$	11,217
Right-of-use assets - finance		197		123
Total right-of-use assets	$	17,756	$	11,340
Liabilities
Current
Operating lease liabilities	$	1,856	$	2,623
Finance lease liabilities		83		64
Total current portion of long-term lease liabilities		1,939		2,687
Long-term
Operating lease liabilities		16,129		8,894
Finance lease liabilities		177		50
Total long-term lease liabilities		16,306		8,944
Total lease liabilities	$	18,245	$	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 June 30,				Nine Months Ended June 30,
Lease cost	Classification	2024		2023		2024		2023
Operating lease cost	Cost of sales	$	617	$	708	$	1,735	$	1,857
Operating lease cost	Selling, general and administrative		375		204		1,043		583
Operating lease cost	Research, development and engineering		3		3		9		10
Finance lease cost	Cost of sales		—		1		2		3
Finance lease cost	Selling, general and administrative		38		20		80		56
Short-term lease cost	Cost of sales		—		8		—		25
Total lease cost		$	1,033	$	944	$	2,869	$	2,534

Future Minimum Lease Payments Under Non-cancelable Leases

Future minimum lease payments under non-cancelable leases as of June 30, 2024 are as follows, in thousands:

	Operating Leases		Finance Leases		Total
Remainder of 2024	$	554	$	25	$	579
2025		3,065		98		3,163
2026		2,870		98		2,968
2027		2,290		60		2,350
2028		2,330		5		2,335
Thereafter		12,386		—		12,386
Total lease payments		23,495		286		23,781
Less: Interest		5,510		26		5,536
Present value of lease liabilities	$	17,985	$	260	$	18,245

Schedule of Weighted Average Remaining Term and Discount Rates

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

	June 30, 2024			September 30, 2023
Weighted average remaining lease term
Operating leases	8.66 years			7.31 years
Finance leases	2.93 years			2.54 years
Weighted average discount rate
Operating leases		6.01	%		5.50	%
Finance leases		6.18	%		4.91	%