Leases (Tables)

9 Months Ended

Jun. 30, 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	June 30, 2023		June 30, 2022		September 30, 2022
Lease assets:
Operating lease right-of-use assets	Right-of-use assets, net	$	243,100	$	217,506	$	221,405
Financing lease assets	Other assets	2,076		—		181
Total lease assets		$	245,176	$	217,506	$	221,586




Lease liabilities:
Current:
Operating lease liabilities	Operating lease liabilities, current	$	56,919	$	53,358	$	52,334
Financing lease liabilities	Accounts payable, accrued expenses and other current liabilities	472		—		37
Total current lease liabilities		$	57,391	$	53,358	$	52,371

Non-current:
Operating lease liabilities	Operating lease liabilities	$	197,499	$	175,489	$	180,756
Financing lease liabilities	Other long-term liabilities	1,645		—		148
Total non-current lease liabilities		$	199,144	$	175,489	$	180,904
Total lease liabilities		$	256,535	$	228,847	$	233,275

Schedule of Lease Cost

The table below provides major components of our lease costs:


	Three Months Ended June 30,				Nine Months Ended June 30,
(in thousands)	2023		2022		2023		2022

Operating lease cost:
Operating lease cost *	$	18,701	$	17,264	$	54,219	$	50,415
Variable lease cost	4,188		3,824		12,068		11,200
Total operating lease cost	$	22,889	$	21,088	$	66,287	$	61,615

Financing lease cost:
Amortization of financing lease assets	$	106	$	—	$	180	$	—
Interest on financing lease liabilities	47		—		82		—
Total financing lease cost	$	153	$	—	$	262	$	—
Total lease cost	$	23,042	$	21,088	$	66,549	$	61,615

* Includes a reduction for sublease rental income of $1.0 million and $0.9 million for the three months ended June 30, 2023 and 2022, respectively, and $2.8 million and $2.6 million for the nine months ended June 30, 2023 and 2022, respectively.

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


	Nine Months Ended June 30,
	2023		2022

Weighted-average remaining lease term (years):
Operating leases	5.11		5.14
Financing leases	3.88		N/A

Weighted-average discount rate:
Operating leases	8.52	%	8.20	%
Financing leases	11.14	%	N/A

Schedule of Operating Lease Maturity

As of June 30, 2023, maturities of lease liabilities under ASC 842 by fiscal year were as follows:


(in thousands)	Operating Leases		Financing Leases
Remaining 2023	$	19,064	$	171
Fiscal 2024	74,063		685
Fiscal 2025	64,559		685
Fiscal 2026	53,543		685
Fiscal 2027	39,921		384
Thereafter	61,874		—
Total lease liabilities	$	313,024	$	2,610
Less: portion representing imputed interest	58,606		493
Total net lease liabilities	$	254,418	$	2,117
Less: current portion	56,919		472
Total long term net lease liabilities	$	197,499	$	1,645