Leases

9 Months Ended

Jun. 30, 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 June 30, 2020		Nine Months Ended June 30, 2020
Operating lease costs	$	2,358	$	6,755
Finance lease costs:
Amortization of assets		311		933
Interest on lease liabilities		29		84
Total finance lease costs		340		1,017
Variable lease costs		448		1,314
Short-term lease costs		181		477
Total lease costs	$	3,327	$	9,563

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

	As of June 30, 2020
Operating Leases:
Operating lease right-of-use assets	$	36,224
Accrued expenses and other current liabilities	$	6,457
Long-term operating lease liabilities		29,280
Total operating lease liabilities	$	35,737
Finance Leases:
Property, plant and equipment, at cost	$	2,540
Accumulated amortization		(934)
Property, plant and equipment, net	$	1,606
Accrued expenses and other current liabilities	$	1,183
Other long-term liabilities		599
Total finance lease liabilities	$	1,782
Weighted average remaining lease term (in years):
Operating leases		8.83
Finance leases		1.55
Weighted average discount rate:
Operating leases		4.29	%
Finance leases		4.72	%

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

	Three months ended June 30, 2020		Nine Months Ended June 30, 2020
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases	$	2,215	$	6,089
Operating cash flows from finance leases		22		77
Financing cash flows from finance leases		297		880

Future lease payments for operating and capital leases as of June 30, 2020 were as follows for the remainder of fiscal year 2020, the subsequent four fiscal years and thereafter as follows (in thousands):

	Operating Leases		Finance Leases
2020	$	2,123	$	322
2021		7,259		1,171
2022		5,491		363
2023		4,445		-
2024		4,229		-
Thereafter		20,180		-
Total future lease payments		43,727		1,856
Less imputed interest		(7,990)		(74)
Total lease liability balance	$	35,737	$	1,782

Future lease payments for operating and finance leases as of September 30, 2019 were as follows for the remainder of fiscal year 2020, the subsequent four fiscal years and thereafter 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 June 30, 2020, the Company has entered into leases that have not commenced with future lease payments of $3.8 million, excluding purchase options. These leases are not yet recorded on the Consolidated Balance Sheets. Lease commencement dates for these leases range between 2020 and 2030.