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Leases
 12 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Leases Leases
We utilize operating leases for office and warehouse space, tower space, vehicles, and heavy equipment used in our operations. We also have finance leases for certain build-to-suit service centers.
The following table presents our weighted average remaining lease term for our leases.
September 30, 2024September 30, 2023
Weighted average remaining lease term (years)
Finance leases16.717.7
Operating leases9.910.1
The following table represents our weighted average discount rate:
September 30, 2024September 30, 2023
Weighted average discount rate
Finance leases4.0 %4.0 %
Operating leases4.1 %3.5 %
Lease costs for the years ended September 30, 2024, 2023, and 2022 are presented in the table below. These costs include both amounts recognized in expense and amounts capitalized. For the years ended September 30, 2024, 2023, and 2022 we did not have material short-term lease costs or variable lease costs.
Year Ended September 30
202420232022
(In thousands)
Finance lease cost$4,523 $4,499 $4,314 
Operating lease cost48,421 44,090 43,394 
Total lease cost$52,944 $48,589 $47,708 
Our ROU assets and lease liabilities are presented as follows on the consolidated balance sheets:
Balance Sheet ClassificationSeptember 30, 2024September 30, 2023
(In thousands)
Assets
Finance leasesNet property, plant and equipment$44,748 $47,472 
Operating leasesDeferred charges and other assets249,556 223,366 
Total right-of-use assets$294,304 $270,838 
Liabilities
Current
Finance leasesCurrent maturities of long-term debt$1,651 $1,568 
Operating leasesOther current liabilities34,340 35,820 
Noncurrent
Finance leasesLong-term debt47,239 48,825 
Operating leasesDeferred credits and other liabilities224,498 194,452 
Total lease liabilities$307,728 $280,665 
Two service center leases are expected to commence in fiscal 2026 that impact our future lease payments. The total future lease payments for these leases is $93.4 million, and is not included in the tables below.
Other pertinent information related to leases was as follows. During the years ended September 30, 2024, 2023, and 2022 amounts paid in cash for our finance leases were not material.
Year Ended September 30
202420232022
(In thousands)
Cash paid amounts included in the measurement of lease liabilities
Operating cash flows used for operating leases$47,069 $45,463 $45,080 
Right-of-use assets obtained in exchange for lease obligations
Finance leases$— $— $33,833 
Operating leases$65,672 $29,976 $28,310 
Maturities of our lease liabilities as of September 30, 2024 were as follows by fiscal years:
TotalFinance LeasesOperating Leases
(In thousands)
2025$46,682 $3,438 $43,244 
202642,628 3,502 39,126 
202738,359 3,568 34,791 
202834,553 3,635 30,918 
202929,204 3,703 25,501 
Thereafter195,488 48,660 146,828 
Total lease payments386,914 66,506 320,408 
Less: Imputed interest79,186 17,616 61,570 
Total$307,728 $48,890 $258,838 
Reported as of September 30, 2024
Short-term lease liabilities$35,991 $1,651 $34,340 
Long-term lease liabilities271,737 47,239 224,498 
Total lease liabilities$307,728 $48,890 $258,838 
Leases Leases
We utilize operating leases for office and warehouse space, tower space, vehicles, and heavy equipment used in our operations. We also have finance leases for certain build-to-suit service centers.
The following table presents our weighted average remaining lease term for our leases.
September 30, 2024September 30, 2023
Weighted average remaining lease term (years)
Finance leases16.717.7
Operating leases9.910.1
The following table represents our weighted average discount rate:
September 30, 2024September 30, 2023
Weighted average discount rate
Finance leases4.0 %4.0 %
Operating leases4.1 %3.5 %
Lease costs for the years ended September 30, 2024, 2023, and 2022 are presented in the table below. These costs include both amounts recognized in expense and amounts capitalized. For the years ended September 30, 2024, 2023, and 2022 we did not have material short-term lease costs or variable lease costs.
Year Ended September 30
202420232022
(In thousands)
Finance lease cost$4,523 $4,499 $4,314 
Operating lease cost48,421 44,090 43,394 
Total lease cost$52,944 $48,589 $47,708 
Our ROU assets and lease liabilities are presented as follows on the consolidated balance sheets:
Balance Sheet ClassificationSeptember 30, 2024September 30, 2023
(In thousands)
Assets
Finance leasesNet property, plant and equipment$44,748 $47,472 
Operating leasesDeferred charges and other assets249,556 223,366 
Total right-of-use assets$294,304 $270,838 
Liabilities
Current
Finance leasesCurrent maturities of long-term debt$1,651 $1,568 
Operating leasesOther current liabilities34,340 35,820 
Noncurrent
Finance leasesLong-term debt47,239 48,825 
Operating leasesDeferred credits and other liabilities224,498 194,452 
Total lease liabilities$307,728 $280,665 
Two service center leases are expected to commence in fiscal 2026 that impact our future lease payments. The total future lease payments for these leases is $93.4 million, and is not included in the tables below.
Other pertinent information related to leases was as follows. During the years ended September 30, 2024, 2023, and 2022 amounts paid in cash for our finance leases were not material.
Year Ended September 30
202420232022
(In thousands)
Cash paid amounts included in the measurement of lease liabilities
Operating cash flows used for operating leases$47,069 $45,463 $45,080 
Right-of-use assets obtained in exchange for lease obligations
Finance leases$— $— $33,833 
Operating leases$65,672 $29,976 $28,310 
Maturities of our lease liabilities as of September 30, 2024 were as follows by fiscal years:
TotalFinance LeasesOperating Leases
(In thousands)
2025$46,682 $3,438 $43,244 
202642,628 3,502 39,126 
202738,359 3,568 34,791 
202834,553 3,635 30,918 
202929,204 3,703 25,501 
Thereafter195,488 48,660 146,828 
Total lease payments386,914 66,506 320,408 
Less: Imputed interest79,186 17,616 61,570 
Total$307,728 $48,890 $258,838 
Reported as of September 30, 2024
Short-term lease liabilities$35,991 $1,651 $34,340 
Long-term lease liabilities271,737 47,239 224,498 
Total lease liabilities$307,728 $48,890 $258,838