Leases (Tables)

12 Months Ended

Sep. 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)		September 30, 2023		September 30, 2022

Lease assets:
Operating lease right-of-use assets	Right-of-use assets, net	$	234,388	$	221,405
Financing lease assets	Other assets, net	2,178		181
Total lease assets		$	236,566	$	221,586

Lease liabilities:
Current:
Operating lease liabilities	Operating lease liabilities, current	$	57,182	$	52,334
Financing lease liabilities	Accounts payable, accrued expenses and other current liabilities	530		37
Total current lease liabilities		$	57,712	$	52,371

Non-current:
Operating Lease liabilities	Operating lease liabilities	$	193,187	$	180,756
Financing lease liabilities	Other long-term liabilities	1,715		148
Total non-current lease liabilities		$	194,902	$	180,904
Total lease liabilities		$	252,614	$	233,275

Schedule of Lease Cost

The table below provides major components of our lease costs:


	Fiscal Year Ended September 30,
(in thousands)	2023		2022		2021

Operating lease cost:
Operating lease cost *	$	74,086	$	67,414	$	61,980
Variable lease cost	16,315		15,229		13,000
Total operating lease cost	$	90,401	$	82,643	$	74,980

Financing lease cost:
Amortization of financing lease assets	$	327	$	3	$	—
Interest on financing lease liabilities	145		1		—
Total financing lease cost	$	472	$	4	$	—
Total lease cost	$	90,873	$	82,647	$	74,980

* Includes a reduction for sublease rental income of $3.7 million, $3.6 million and $3.4 million for fiscal years ending September 2023, 2022 and 2021, respectively.

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


	Fiscal Year Ended September 30,
	2023		2022
Weighted-average remaining lease term (years):
Operating leases	4.97		5.12
Financing leases	3.67		4.10

Weighted-average discount rate:
Operating leases	8.51	%	8.32	%
Financing leases	11.14	%	11.14	%

Schedule of Operating Lease Maturity

As of September 30, 2023, maturities of lease liabilities under ASC 842 by fiscal year were as follows (in thousands):


	Operating Leases		Financing Leases
Fiscal 2024	$	75,510	$	780
Fiscal 2025	66,798		751
Fiscal 2026	55,735		751
Fiscal 2027	41,903		450
Fiscal 2028	27,005		—
Thereafter	40,592		—
Total lease liabilities	$	307,543	$	2,732
Less: portion representing Imputed interest	57,174		487
Total net lease liabilities	$	250,369	$	2,245
Less: current portion	57,182		530
Total long term net lease liabilities	$	193,187	$	1,715

Schedule of Non-Recurring Basis of Fair Value Measurement of Corporate Office Lease

The following table presents our corporate office lease measured at fair value as a result of the aforementioned impairment charges aggregated by the level in the fair value hierarchy within which measurements fall on a non-recurring basis at September 30, 2023, and the related impairment charge recorded (in thousands):


	Fair Value as of September 30, 2023								Fiscal Year Ended 2023
	Level 1		Level 2		Level 3		Total		Impairment Charges
Corporate office	$	—	$	—	$	6,233	$	6,233	$	4,343