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Leases (Tables)
9 Months Ended
Jun. 30, 2024
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:
Lease Assets and LiabilitiesClassificationJune 30, 2024September 30, 2023
(in thousands)
Operating lease assetsRight-of-use assets$44,339 $45,297 
Current operating lease liabilitiesLease liabilities6,053 10,563 
Non-current operating lease liabilitiesLease liabilities, net of current portion112,040 104,608 
Three Months Ended June 30,Nine Months Ended June 30,
Lease CostClassification2024202320242023
(in thousands)
Operating lease costResearch and development$2,965 $3,323 $8,531 $7,735 
General and administrative expense537 509 1,504 1,542 
Variable lease cost (1)
Research and development863 257 2,478 627 
General and administrative expense— — — — 
Total $4,365 $4,089 $12,513 $9,904 
(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 June 30, 2024:
YearAmounts
(in thousands)
2024 (remainder of fiscal year)$3,793 
202515,356 
202615,696 
202714,869 
202813,511 
2029 and thereafter128,356 
Total$191,581 
Less imputed interest$(73,488)
Total operating lease liabilities (includes current portion)$118,093 
Supplemental cash flow and other information related to leases was as follows:
Three Months Ended June 30,Nine Months Ended June 30,
2024202320242023
(in thousands)
Cash received for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$— $5,414 $3,099 $23,343 
Right-of-use assets adjusted in exchange for new/amended operating lease liabilities
$— $3,519 $(64)$(19,063)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$3,204 $1,885 $7,221 $4,081 
June 30,
20242023
Weighted-average remaining lease term (in years)12.813.4
Weighted-average discount rate8.0 %8.0 %