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Leases
 6 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Leases
NOTE 5: LEASES
We determine if a contract contains a lease at inception. Our lease portfolio consists primarily of operating leases for pawn store locations and corporate offices with lease terms ranging from three to ten years.
The information below provides a summary of our leasing activities. See Note 12: Leases in our 2021 Annual Report for additional information about our leasing activities. The table below presents balances of our operating leases:

(in thousands)March 31, 2022March 31, 2021
September 30,
2021
Right-of-use asset$204,343 $170,479 $200,990 
Lease liability, current$52,446 $41,060 $52,263 
Lease liability, non-current163,506 138,622 161,330 
Total lease liability$215,952 $179,682 $213,593 
The table below provides the composition of our lease costs:
Three Months Ended
March 31,
Six Months Ended
March 31,
(in thousands)2022202120222021
Operating lease expense*$16,789 $14,616 $33,151 $29,815 
Variable lease expense3,834 2,064 7,376 4,243 
Total lease expense$20,623 $16,680 $40,527 $34,058 
* Includes a reduction for sublease rental income.

Lease expense is recognized on a straight-line basis over the lease term with variable lease expense recognized in the period in which the costs are incurred. The components of lease expense are included in "Store" and "General and Administrative" expense, based on the underlying lease use.
Other supplemental information includes the following for our operating leases:
Six Months Ended
March 31,
20222021
Weighted-average remaining contractual lease term (years)
5.005.07
Weighted-average incremental borrowing rate 8.27 %7.88 %

Maturities of lease liabilities as of March 31, 2022 were as follows (in thousands):
Remaining 2022$34,749 
Fiscal 2023
62,161 
Fiscal 2024
49,882 
Fiscal 2025
39,081 
Fiscal 2026
29,380 
Thereafter47,828 
Total lease payments$263,081 
Less: Portion representing interest47,129 
Present value of operating lease liabilities$215,952 
Less: Current portion52,446 
Non-current portion$163,506 

We recorded $28.1 million and $6.6 million in non-cash additions to our right of use assets and lease liabilities for the six months ended March 31, 2022 and March 31, 2021, respectively.