XML 63 R38.htm IDEA: XBRL DOCUMENT v3.25.3
Leases (Tables)
 12 Months Ended
Sep. 30, 2025
Leases [Abstract]  
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, 2025September 30, 2024
Lease assets:
Operating lease right-of-use assetsRight-of-use assets, net$236,462 $226,602 
Financing lease assetsOther assets, net1,075 1,559 
Total lease assets$237,537 $228,161 
Lease liabilities:
Current:
Operating lease liabilitiesOperating lease liabilities, current$61,228 $58,998 
Financing lease liabilitiesAccounts payable, accrued expenses and other current liabilities643 570 
Total current lease liabilities$61,871 $59,568 
Non-current:
Operating Lease liabilitiesOperating lease liabilities$184,736 $180,616 
Financing lease liabilitiesOther long-term liabilities573 1,110 
Total non-current lease liabilities$185,309 $181,726 
Total lease liabilities$247,180 $241,294 
Schedule of Lease Cost
The table below provides major components of our lease costs:
 Fiscal Year Ended September 30,
(in thousands)202520242023
Operating lease cost:
Operating lease cost *$77,384 $79,184 $74,086 
Variable lease cost20,541 17,732 16,315 
Total operating lease cost$97,925 $96,916 $90,401 
Financing lease cost:
Amortization of financing lease assets$589 $568 $327 
Interest on financing lease liabilities162 215 145 
Total financing lease cost$751 $783 $472 
Total lease cost$98,676 $97,699 $90,873 
* Includes a reduction for sublease rental income of $2.0 million, $3.1 million and $3.7 million for fiscal years ending September 2025, 2024 and 2023, respectively.
Cash flow information consisted of the following:
 Fiscal Year Ended September 30,
(in thousands)202520242023
Cash provided by operating activities:
Cash paid for operating leases$81,137 $79,700 $76,700 
Cash paid for interest portion of financing leases$162 $200 $100 
Cash used in financing activities:
Cash paid for principal portion of finance leases
$606 $492 $275 
The weighted- average term and discount rates for leases are as follows:
Fiscal Year Ended September 30,
20252024
Weighted-average remaining lease term (years):
Operating leases5.074.81
Financing leases1.942.77
Weighted-average discount rate:
Operating leases9.05 %8.30 %
Financing leases11.27 %11.14 %
Schedule of Operating Lease Maturity
As of September 30, 2025, maturities of lease liabilities under ASC 842 by fiscal year were as follows (in thousands):
Operating LeasesFinancing Leases
Fiscal 2026
$80,054 $751 
Fiscal 2027
66,801 523 
Fiscal 2028
50,291 68 
Fiscal 2029
35,840 21 
Fiscal 2030
23,971 2 
Thereafter52,851 — 
Total lease liabilities$309,808 $1,365 
Less: portion representing imputed interest
63,844 149 
Total net lease liabilities$245,964 $1,216 
Less: current portion61,228 643 
Total long term net lease liabilities$184,736 $573 
Schedule of Non-Recurring Basis of Fair Value Measurement of Corporate Office Lease
The following table presents our corporate office lease measured at fair value as a result of the aforementioned impairment charges aggregated by the level in the fair value hierarchy within which measurements fall on a non-recurring basis at September 30, 2023, and the related impairment charge recorded (in thousands):
Fair Value as of September 30, 2023
Fiscal Year Ended 2023
Level 1Level 2Level 3Total Impairment Charges
Corporate office$— $— $6,233 $6,233 $4,343