Leases (Tables)

6 Months Ended

Mar. 31, 2023

Schedule of Lessee Assets and Liabilities

The table below presents balances of our lease assets and liabilities and their balance sheet locations for both operating and financing leases:


(in thousands)	Balance Sheet Location	March 31, 2023		March 31, 2022		September 30, 2022
Lease assets:
Operating lease right-of-use assets	Right-of-use assets, net	$	234,287	$	204,343	$	221,405
Financing lease assets	Other assets	1,289		—		181
Total lease assets		$	235,576	$	204,343	$	221,586




Lease liabilities:
Current:
Operating lease liabilities	Operating lease liabilities, current	$	53,921	$	52,446	$	52,334
Financing lease liabilities	Accounts payable, accrued expenses and other current liabilities	282		—		37
Total current lease liabilities		$	54,203	$	52,446	$	52,371

Non-current:
Operating lease liabilities	Operating lease liabilities	$	191,874	$	163,506	$	180,756
Financing lease liabilities	Other long-term liabilities	1,024		—		148
Total non-current lease liabilities		$	192,898	$	163,506	$	180,904
Total lease liabilities		$	247,101	$	215,952	$	233,275

Schedule of Lease Cost

The table below provides major components of our lease costs:


	Three Months Ended March 31,				Six Months Ended March 31,
(in thousands)	2023		2022		2023		2022

Operating lease cost:
Operating lease cost *	$	18,023	$	16,789	$	35,518	$	33,151
Variable lease cost	4,028		3,834		7,880		7,376
Total operating lease cost	$	22,051	$	20,623	$	43,398	$	40,527

Financing lease cost:
Amortization of financing lease assets	$	55	$	—	$	74	$	—
Interest on financing lease liabilities	24		—		35		—
Total financing lease cost	$	79	$	—	$	109	$	—
Total lease cost	$	22,130	$	20,623	$	43,507	$	40,527

* Includes a reduction for sublease rental income of $1.1 million and $0.8 million for the three months ended March 31, 2023 and 2022, respectively and $1.8 million and $1.7 million for the six months ended March 31, 2023 and 2022, respectively.

The weighted-average term and discount rates for leases are as follows:


	Six Months Ended March 31,
	2023		2022

Weighted-average remaining lease term (years):
Operating leases	5.16		5.00
Financing leases	3.97		N/A

Weighted-average discount rate:
Operating leases	8.42	%	8.27	%
Financing leases	11.14	%	N/A

Schedule of Operating Lease Maturity

As of March 31, 2023, maturities of lease liabilities under ASC 842 by fiscal year were as follows:


(in thousands)	Operating Leases		Financing Leases
Remaining 2023	$	36,727	$	310
Fiscal 2024	68,717		413
Fiscal 2025	58,855		413
Fiscal 2026	48,125		401
Fiscal 2027	34,973		81
Thereafter	55,547		—
Total lease liabilities	$	302,944	$	1,618
Less: portion representing imputed interest	57,149		312
Total net lease liabilities	$	245,795	$	1,306
Less: current portion	53,921		282
Total long term net lease liabilities	$	191,874	$	1,024