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Leases
 12 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Leases Leases
We are the lessee for substantially all of our leasing activity, which primarily includes operating leases for office and warehouse space, tower space, vehicles and heavy equipment used in our operations. We are also a lessee in finance leases for service centers.
The following table presents our weighted average remaining lease term for our leases.
September 30, 2022September 30, 2021
Weighted average remaining lease term (years)
Finance leases18.719.0
Operating leases9.710.2
The following table represents our weighted average discount rate:
September 30, 2022September 30, 2021
Weighted average discount rate
Finance leases4.0 %5.7 %
Operating leases2.9 %2.8 %
Lease costs for the years ended September 30, 2022, 2021 and 2020 are presented in the table below. These costs include both amounts recognized in expense and amounts capitalized. For the years ended September 30, 2022, 2021 and 2020 we did not have material short-term lease costs or variable lease costs.
Year Ended September 30
202220212020
(In thousands)
Finance lease cost$4,314 $1,334 $622 
Operating lease cost43,394 42,349 40,887 
Total lease cost$47,708 $43,683 $41,509 
Our ROU assets and lease liabilities are presented as follows on the consolidated balance sheets:
Balance Sheet ClassificationSeptember 30, 2022September 30, 2021
(In thousands)
Assets
Finance leasesNet Property, Plant and Equipment$50,118 $18,252 
Operating leasesDeferred charges and other assets214,663 222,446 
Total right-of-use assets$264,781 $240,698 
Liabilities
Current
Finance leasesCurrent maturities of long-term debt$1,457 $452 
Operating leasesOther current liabilities38,644 37,688 
Noncurrent
Finance leasesLong-term debt50,393 18,287 
Operating leasesDeferred credits and other liabilities184,301 194,745 
Total lease liabilities$274,795 $251,172 
Two service center leases are expected to commence in the fourth quarter of fiscal 2023 that impact our future lease payments. The total future lease payments for these leases are $48.1 million.
Other pertinent information related to leases was as follows. During the years ended September 30, 2022, 2021 and 2020 amounts paid in cash for our finance leases were not material.
Year Ended September 30
202220212020
(In thousands)
Cash paid amounts included in the measurement of lease liabilities
Operating cash flows used for operating leases$45,080 $42,013 $37,758 
Right-of-use assets obtained in exchange for lease obligations
Finance leases$33,833 $10,333 $6,083 
Operating leases$28,310 $25,690 $34,169 

Maturities of our lease liabilities as of September 30, 2022 were as follows by fiscal years:
TotalFinance LeasesOperating Leases
(In thousands)
2023$46,417 $3,313 $43,104 
202439,832 3,375 36,457 
202530,612 3,438 27,174 
202624,141 3,502 20,639 
202721,322 3,568 17,754 
Thereafter170,704 55,997 114,707 
Total lease payments333,028 73,193 259,835 
Less: Imputed interest58,233 21,343 36,890 
Total$274,795 $51,850 $222,945 
Reported as of September 30, 2022
Short-term lease liabilities$40,101 $1,457 $38,644 
Long-term lease liabilities234,694 50,393 184,301 
Total lease liabilities$274,795 $51,850 $222,945 
Leases Leases
We are the lessee for substantially all of our leasing activity, which primarily includes operating leases for office and warehouse space, tower space, vehicles and heavy equipment used in our operations. We are also a lessee in finance leases for service centers.
The following table presents our weighted average remaining lease term for our leases.
September 30, 2022September 30, 2021
Weighted average remaining lease term (years)
Finance leases18.719.0
Operating leases9.710.2
The following table represents our weighted average discount rate:
September 30, 2022September 30, 2021
Weighted average discount rate
Finance leases4.0 %5.7 %
Operating leases2.9 %2.8 %
Lease costs for the years ended September 30, 2022, 2021 and 2020 are presented in the table below. These costs include both amounts recognized in expense and amounts capitalized. For the years ended September 30, 2022, 2021 and 2020 we did not have material short-term lease costs or variable lease costs.
Year Ended September 30
202220212020
(In thousands)
Finance lease cost$4,314 $1,334 $622 
Operating lease cost43,394 42,349 40,887 
Total lease cost$47,708 $43,683 $41,509 
Our ROU assets and lease liabilities are presented as follows on the consolidated balance sheets:
Balance Sheet ClassificationSeptember 30, 2022September 30, 2021
(In thousands)
Assets
Finance leasesNet Property, Plant and Equipment$50,118 $18,252 
Operating leasesDeferred charges and other assets214,663 222,446 
Total right-of-use assets$264,781 $240,698 
Liabilities
Current
Finance leasesCurrent maturities of long-term debt$1,457 $452 
Operating leasesOther current liabilities38,644 37,688 
Noncurrent
Finance leasesLong-term debt50,393 18,287 
Operating leasesDeferred credits and other liabilities184,301 194,745 
Total lease liabilities$274,795 $251,172 
Two service center leases are expected to commence in the fourth quarter of fiscal 2023 that impact our future lease payments. The total future lease payments for these leases are $48.1 million.
Other pertinent information related to leases was as follows. During the years ended September 30, 2022, 2021 and 2020 amounts paid in cash for our finance leases were not material.
Year Ended September 30
202220212020
(In thousands)
Cash paid amounts included in the measurement of lease liabilities
Operating cash flows used for operating leases$45,080 $42,013 $37,758 
Right-of-use assets obtained in exchange for lease obligations
Finance leases$33,833 $10,333 $6,083 
Operating leases$28,310 $25,690 $34,169 

Maturities of our lease liabilities as of September 30, 2022 were as follows by fiscal years:
TotalFinance LeasesOperating Leases
(In thousands)
2023$46,417 $3,313 $43,104 
202439,832 3,375 36,457 
202530,612 3,438 27,174 
202624,141 3,502 20,639 
202721,322 3,568 17,754 
Thereafter170,704 55,997 114,707 
Total lease payments333,028 73,193 259,835 
Less: Imputed interest58,233 21,343 36,890 
Total$274,795 $51,850 $222,945 
Reported as of September 30, 2022
Short-term lease liabilities$40,101 $1,457 $38,644 
Long-term lease liabilities234,694 50,393 184,301 
Total lease liabilities$274,795 $51,850 $222,945