Leases

6 Months Ended

Mar. 31, 2020

Leases [Abstract]

Leases

9. Leases

The Company has operating leases for real estate and non-real estate and finance leases for non-real estate in North America, Europe, and Asia. Non-real estate leases are primarily related to vehicles and office equipment. Lease expiration dates range between 2020 and 2039.

The components of operating lease expense were as follows (in thousands):

	Three months ended March 31, 2020		Six Months Ended March 31, 2020
Operating lease costs	$	2,275	$	4,397
Finance lease costs:
Amortization of assets		311		622
Interest on lease liabilities		26		55
Total finance lease costs		337		677
Variable lease costs		460		866
Short-term lease costs		132		296
Total lease costs	$	3,204	$	6,236

Supplemental balance sheet information related to leases is as follows (in thousands, except lease term and discount rate):

	As of March 31, 2020
Operating Leases:
Operating lease right-of-use assets	$	34,671
Accrued expenses and other current liabilities	$	6,841
Long-term operating lease liabilities		27,233
Total operating lease liabilities	$	34,074
Finance Leases:
Property, plant and equipment, at cost	$	2,540
Accumulated amortization		(623)
Property, plant and equipment, net	$	1,917
Accrued expenses and other current liabilities	$	1,211
Other long-term liabilities		867
Total finance lease liabilities	$	2,078
Weighted average remaining lease term (in years):
Operating leases		8.26
Finance leases		1.78
Weighted average discount rate:
Operating leases		4.7	%
Finance leases		4.2	%

Supplemental cash flow information related to operating leases was as follows (in thousands, unaudited):

	Three months ended March 31, 2020		Six Months Ended March 31, 2020
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases	$	2,067	$	3,874
Operating cash flows from finance leases		26		55
Financing cash flows from finance leases		293		583

Future lease payments for operating and capital leases as of March 31, 2020 were as follows (in thousands):

	Operating Leases		Finance Leases
2020	$	4,288	$	638
2021		7,141		1,171
2022		5,380		364
2023		4,375		-
2024		4,188		-
Thereafter		15,884		-
Total future lease payments		41,256		2,173
Less imputed interest		(7,182)		(95)
Total lease liability balance	$	34,074	$	2,078

Future lease payments for operating and finance leases as of September 30, 2019 were as follows (in thousands):

	Operating Leases		Capital Leases
2020	$	6,794	$	1,276
2021		5,520		1,171
2022		3,904		363
2023		3,110		-
2024		2,934		-
Thereafter		10,499		-
Total future lease payments		32,761		2,810
Less imputed interest		(5,685)		(150)
Total lease liability balance	$	27,076	$	2,660

As of March 31, 2020, the Company has not entered any significant leases that have not commenced yet.