XML 44 R35.htm IDEA: XBRL DOCUMENT v3.22.1
Leases (Tables)
6 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Components of Lease Cost

The components of lease cost reflected in the Consolidated Statement of Operations for the three and six months ended March 31, 2022 and March 31, 2021 were as follows:

(in thousands)

 

Three months ended

 

 

Six months ended

 

 

 

March 31,

2022

 

 

March 31,

2021

 

 

March 31,

2022

 

 

March 31,

2021

 

Operating lease cost

 

$

8,676

 

 

$

9,565

 

 

$

17,536

 

 

$

18,956

 

Short-term lease cost

 

 

582

 

 

 

610

 

 

 

1,123

 

 

 

1,158

 

Variable lease cost

 

 

2,596

 

 

 

2,476

 

 

 

5,086

 

 

 

4,863

 

Sublease income

 

 

(1,113

)

 

 

(1,131

)

 

 

(2,230

)

 

 

(2,215

)

Total lease cost

 

$

10,741

 

 

$

11,520

 

 

$

21,515

 

 

$

22,762

 

 

Supplemental cash flow and right-of-use assets information for the three and six months ended March 31, 2022 was as follows:

(in thousands)

 

Three months ended

 

 

Six months ended

 

 

 

March 31,

2022

 

 

March 31,

2021

 

 

March 31,

2022

 

 

March 31,

2021

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

9,248

 

 

$

14,016

 

 

$

25,113

 

 

$

28,076

 

Financing cash flows from financing leases

 

$

 

 

$

 

 

$

239

 

 

$

279

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

$

6,179

 

 

$

53

 

 

$

11,095

 

 

$

647

 

Financing leases

 

$

 

 

$

 

 

$

 

 

$

 

Supplemental balance sheet information related to the leases as of March 31, 2022 was as follows:

 

As of

March 31, 2022

 

Weighted-average remaining lease term - operating leases

11.7 years

 

Weighted-average remaining lease term - financing leases

2.4 years

 

Weighted-average discount rate - operating leases

 

5.3

%

Weighted-average discount rate - financing leases

 

3.0

%

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of March 31, 2022 are as follows:

(in thousands)

 

 

 

 

Remainder of 2022

 

$

18,452

 

2023

 

 

31,054

 

2024

 

 

27,018

 

2025

 

 

24,090

 

2026

 

 

20,125

 

Thereafter

 

 

160,580

 

Total future lease payments

 

$

281,319

 

Less: imputed interest

 

 

(77,329

)

Total lease liability

 

$

203,990