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Leases
12 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Leases . Leases

 

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

 

 

 

September 30,

 

 

 

2025

 

 

2024

 

Assets

 

 

 

 

 

 

Right-of-use assets - operating

 

$

18,293

 

 

$

16,596

 

Right-of-use assets - finance

 

 

247

 

 

 

227

 

Total right-of-use assets

 

$

18,540

 

 

$

16,823

 

Liabilities

 

 

 

 

 

 

Current

 

 

 

 

 

 

Operating lease liabilities

 

$

1,903

 

 

$

2,041

 

Finance lease liabilities

 

 

126

 

 

 

101

 

Total current portion of long-term lease liabilities

 

 

2,029

 

 

 

2,142

 

Long-term

 

 

 

 

 

 

Operating lease liabilities

 

 

17,316

 

 

 

15,240

 

Finance lease liabilities

 

 

168

 

 

 

189

 

Total long-term lease liabilities

 

 

17,484

 

 

 

15,429

 

Total lease liabilities

 

$

19,513

 

 

$

17,571

 

 

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

 

 

 

 

 

Years Ended September 30,

 

Lease cost

 

Classification

 

2025

 

 

2024

 

Operating lease cost

 

Cost of sales

 

$

1,812

 

 

$

2,202

 

Operating lease cost

 

Selling, general and administrative expenses

 

 

1,483

 

 

 

1,409

 

Operating lease cost

 

Research, development and engineering

 

 

12

 

 

 

12

 

Finance lease cost

 

Cost of sales

 

 

 

 

 

2

 

Finance lease cost

 

Selling, general and administrative expenses

 

 

104

 

 

 

114

 

Total lease cost

 

 

 

$

3,411

 

 

$

3,739

 

 

Future minimum lease payments under non-cancelable leases as of September 30, 2025 are as follows, in thousands:

 

Years Ending September 30,

 

Operating Leases

 

 

Finance Leases

 

 

Total

 

2026

 

$

3,175

 

 

$

143

 

 

$

3,318

 

2027

 

 

3,281

 

 

 

104

 

 

 

3,385

 

2028

 

 

3,349

 

 

 

31

 

 

 

3,380

 

2029

 

 

3,422

 

 

 

23

 

 

 

3,445

 

2030

 

 

3,169

 

 

 

19

 

 

 

3,188

 

Thereafter

 

 

8,563

 

 

 

 

 

 

8,563

 

Total lease payments

 

 

24,959

 

 

 

320

 

 

 

25,279

 

Less: Interest

 

 

5,740

 

 

 

26

 

 

 

5,766

 

Present value of lease liabilities

 

$

19,219

 

 

$

294

 

 

$

19,513

 

 

Operating lease payments include $2.3 million related to options to extend lease terms that are reasonably certain of being exercised.

 

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

 

 

 

September 30,

 

 

 

2025

 

 

2024

 

Weighted average remaining lease term

 

 

 

 

 

 

Operating leases

 

7.57 years

 

 

8.47 years

 

Finance leases

 

2.76 years

 

 

2.73 years

 

Weighted average discount rate

 

 

 

 

 

 

Operating leases

 

 

6.91

%

 

 

6.58

%

Finance leases

 

 

6.85

%

 

 

6.43

%