XML 77 R32.htm IDEA: XBRL DOCUMENT v3.23.3
Leases (Tables)
12 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Schedule of Lease Assets and Liabilities and Lease Cost
The components of lease assets and liabilities along with their classification on the Company’s consolidated balance sheets were as follows:
September 30,
Lease Assets and LiabilitiesClassification20232022
(in thousands)
Operating lease assetsRight-of-use assets$45,297 $58,291 
Current operating lease liabilitiesLease liabilities10,563 2,776 
Non-current operating lease liabilitiesLease liabilities, net of current portion104,608 78,800 
The components of lease cost along with its classification on the Company’s consolidated statements of operations were as follows:
Year Ended September 30,
Lease CostClassification202320222021
(in thousands)
Operating lease costResearch and development$10,350 $7,278 $3,649 
General and administrative expense1,730 1,757 1,498 
Variable lease cost(1)
Research and development1,179 728 814 
General and administrative expense— — 
Total $13,259 $9,763 $5,962 
(1) Variable lease cost is primarily related to operating expenses associated with the Company’s operating leases.
Summary of Maturities of Operating Lease Liabilities on an Undiscounted Basis
The following table presents maturities of operating lease liabilities on an undiscounted basis as of September 30, 2023:
YearAmounts
(in thousands)
2024$10,735 
202515,000 
202615,341 
202714,514 
202813,156 
2029 and thereafter124,951 
Total$193,697 
Less imputed interest(78,526)
Total operating lease liabilities$115,171 
Supplemental cash flow and other information related to leases was as follows:
Year Ended September 30,
202320222021
(in thousands)
Cash received for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$48,391 $— $— 
Right-of-use assets obtained in exchange for amended operating lease liabilities$17,071 $— $— 
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$5,204 $4,500 $3,100 
Weighted-average remaining lease term (in years)13.578
Weighted-average discount rate8.0 %8.5 %8.5 %