Leases

12 Months Ended

Sep. 30, 2020

Leases [Abstract]

Leases

7. 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):

	Year Ended September 30, 2020
Operating lease costs	$	9,288
Finance lease costs:
Amortization of assets		1,246
Interest on lease liabilities		95
Total finance lease costs		1,341
Variable lease costs		1,951
Short-term lease costs		526
Total lease costs	$	13,106

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

	As of September 30, 2020
Operating Leases:
Operating lease right-of-use assets	$	39,071
Accrued expenses and other current liabilities	$	7,015
Long-term operating lease liabilities		31,855
Total operating lease liabilities	$	38,870
Finance Leases:
Property, plant and equipment, at cost	$	2,540
Accumulated amortization		(1,246)
Property, plant and equipment, net	$	1,294
Accrued expenses and other current liabilities	$	1,135
Other long-term liabilities		348
Total finance lease liabilities	$	1,483
Weighted average remaining lease term (in years):
Operating leases		8.72
Finance leases		1.32
Weighted average discount rate:
Operating leases		3.92	%
Finance leases		4.73	%

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

	Year Ended September 30, 2020
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases	$	8,638
Operating cash flows from finance leases		95
Financing cash flows from finance leases		1181

Future lease payments for operating and finance leases as of September 30, 2020 were as follows for the subsequent five fiscal years and thereafter (in thousands):

	Operating Leases		Finance Leases
2020	$	8,363	$	1,175
2021		6,148		363
2022		4,899		-
2023		4,680		-
2024		4,068		-
Thereafter		18,519		-
Total future lease payments		46,677		1,538
Less imputed interest		(7,807)		(55)
Total lease liability balance	$	38,870	$	1,483

Future lease payments for operating and capital leases as of September 30, 2019 were as follows for the subsequent five fiscal years and thereafter (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 September 30, 2020, the Company has not entered into any significant leases that have not commenced yet.