Leases (Tables)

12 Months Ended

Sep. 30, 2024

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	September 30, 2024		September 30, 2023

Lease assets:
Operating lease right-of-use assets	Right-of-use assets, net	$	226,602	$	234,388
Financing lease assets	Other assets, net	1,559		2,178
Total lease assets		$	228,161	$	236,566

Lease liabilities:
Current:
Operating lease liabilities	Operating lease liabilities, current	$	58,998	$	57,182
Financing lease liabilities	Accounts payable, accrued expenses and other current liabilities	570		530
Total current lease liabilities		$	59,568	$	57,712

Non-current:
Operating Lease liabilities	Operating lease liabilities	$	180,616	$	193,187
Financing lease liabilities	Other long-term liabilities	1,110		1,715
Total non-current lease liabilities		$	181,726	$	194,902
Total lease liabilities		$	241,294	$	252,614

Schedule of Lease Cost

The table below provides major components of our lease costs:


	Fiscal Year Ended September 30,
(in thousands)	2024		2023		2022

Operating lease cost:
Operating lease cost *	$	79,184	$	74,086	$	67,414
Variable lease cost	17,732		16,315		15,229
Total operating lease cost	$	96,916	$	90,401	$	82,643

Financing lease cost:
Amortization of financing lease assets	$	568	$	327	$	3
Interest on financing lease liabilities	215		145		1
Total financing lease cost	$	783	$	472	$	4
Total lease cost	$	97,699	$	90,873	$	82,647

* Includes a reduction for sublease rental income of $3.1 million, $3.7 million and $3.6 million for fiscal years ending September 2024, 2023 and 2022, respectively.

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


	Fiscal Year Ended September 30,
	2024		2023
Weighted-average remaining lease term (years):
Operating leases	4.81		4.97
Financing leases	2.77		3.67

Weighted-average discount rate:
Operating leases	8.30	%	8.51	%
Financing leases	11.14	%	11.14	%

Schedule of Operating Lease Maturity

As of September 30, 2024, maturities of lease liabilities under ASC 842 by fiscal year were as follows (in thousands):


	Operating Leases		Financing Leases
Fiscal 2025	$	75,923	$	716
Fiscal 2026	65,945		733
Fiscal 2027	51,645		469
Fiscal 2028	36,755		37
Fiscal 2029	23,146		1
Thereafter	38,010		—
Total lease liabilities	$	291,424	$	1,956
Less: portion representing imputed interest	51,810		276
Total net lease liabilities	$	239,614	$	1,680
Less: current portion	58,998		570
Total long term net lease liabilities	$	180,616	$	1,110

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