Leases (Tables)

3 Months Ended

Dec. 31, 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:

	December 31, 2024		September 30, 2024
Assets
Right-of-use assets - operating	$	15,978	$	16,596
Right-of-use assets - finance		204		227
Total right-of-use assets	$	16,182	$	16,823
Liabilities
Current
Operating lease liabilities	$	2,098	$	2,041
Finance lease liabilities		102		101
Total current portion of long-term lease liabilities		2,200		2,142
Long-term
Operating lease liabilities		14,666		15,240
Finance lease liabilities		161		189
Total long-term lease liabilities		14,827		15,429
Total lease liabilities	$	17,027	$	17,571

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	2024		2023
Operating lease cost	Cost of sales	$	459	$	745
Operating lease cost	Selling, general and administrative		363		204
Operating lease cost	Research, development and engineering		3		3
Finance lease cost	Cost of sales		—		1
Finance lease cost	Selling, general and administrative		25		20
Total lease cost		$	850	$	973

Future Minimum Lease Payments Under Non-cancelable Leases

Future minimum lease payments under non-cancelable leases as of December 31, 2024 are as follows, in thousands:

	Operating Leases		Finance Leases		Total
Remainder of 2025	$	2,337	$	88	$	2,425
2026		2,867		117		2,984
2027		2,286		77		2,363
2028		2,326		5		2,331
2029		2,370		—		2,370
Thereafter		10,007		—		10,007
Total lease payments		22,193		287		22,480
Less: Interest		5,429		24		5,453
Present value of lease liabilities	$	16,764	$	263	$	17,027

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, 2024			September 30, 2024
Weighted average remaining lease term
Operating leases	8.32 years			8.47 years
Finance leases	2.48 years			2.73 years
Weighted average discount rate
Operating leases		6.61	%		6.58	%
Finance leases		6.43	%		6.43	%