XML 71 R41.htm IDEA: XBRL DOCUMENT v3.24.3
Leases (Tables)
12 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Components of Lease Cost

The components of lease cost reflected in the Consolidated Statements of Operations for the years ended September 30, 2024, 2023, and 2022 were as follows:

 

(in thousands)

 

Year ended September 30,

 

 

2024

 

2023

 

2022

 

Operating lease cost

$

33,288

 

$

32,402

 

$

34,346

 

Short-term lease cost

 

3,691

 

 

5,411

 

 

2,653

 

Variable lease cost

 

9,919

 

 

10,945

 

 

10,095

 

Sublease income

 

(1,436

)

 

(4,749

)

 

(4,600

)

Total lease cost

$

45,462

 

$

44,009

 

$

42,494

 

Supplemental cash flow information for the years ended September 30, 2024, 2023, and 2022 was as follows:

 

 

2024

 

2023

 

2022

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 Operating cash flows from operating leases

$

35,498

 

$

36,038

 

$

38,709

 

Right-of-use assets obtained in exchange for new lease obligations:

 

 

 

 

 

 

 

 

 

Operating leases(1)

$

11,079

 

$

28,257

 

$

15,431

 

 

(1)
In the year ended September 30, 2023, operating lease additions included $4.0 million related to the ServiceMax acquisition.

Supplemental balance sheet information related to the leases as of September 30, 2024 and 2023 was as follows:

 

 

2024

 

2023

 

Weighted-average remaining lease term - operating leases

10.3 years

 

10.9 years

 

Weighted-average discount rate - operating leases

 

5.4

%

 

5.2

%

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of September 30, 2024 are as follows:

 

(in thousands)

Operating Leases

 

2025

$

32,256

 

2026

 

26,850

 

2027

 

21,917

 

2028

 

19,475

 

2029

 

 

17,518

 

Thereafter

 

 

120,895

 

Total future lease payments

 

 

238,911

 

Less: imputed interest

 

 

(57,157

)

Total lease liability

 

$

181,754