Leases

6 Months Ended

Mar. 31, 2022

Leases [Abstract]

Leases

8. 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 2022 and 2042.

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

	Three Months Ended March 31,				Six Months Ended March 31,
	2022		2021		2022		2021
Operating lease costs	$	2,389	$	1,740	$	4,560	$	3,444
Finance lease costs:
Amortization of assets		54		250		129		561
Interest on lease liabilities		2		6		5		23
Total finance lease costs		56		256		134		584
Variable lease costs		755		457		1,272		863
Short-term lease costs		364		50		718		89
Total lease costs	$	3,564	$	2,503	$	6,684	$	4,980

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

	March 31, 2022			September 30, 2021
Operating Leases:
Operating lease right-of-use assets	$	53,278		$	49,650
Accrued expenses and other current liabilities	$	6,113		$	5,254
Long-term operating lease liabilities		48,698			45,088
Total operating lease liabilities	$	54,811		$	50,342
Finance Leases:
Property, plant and equipment, at cost	$	2,252		$	2,252
Accumulated amortization		(2,234)			(2,105)
Property, plant and equipment, net	$	18		$	147
Accrued expenses and other current liabilities	$	44		$	360
Other long-term liabilities		(10)			(10)
Total finance lease liabilities	$	34		$	350
Weighted average remaining lease term (in years):
Operating leases		11.74			11.33
Finance leases		0.08			0.53
Weighted average discount rate:
Operating leases		4.05	%		3.90	%
Finance leases		4.86	%		4.87	%

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

	Three Months Ended March 31,				Six Months Ended March 31,
	2022		2021		2022		2021
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases	$	1,950	$	1,548	$	3,599	$	2,968
Operating cash flows from finance leases		1		12		4		27
Financing cash flows from finance leases		127		307		312		611
ROU assets obtained in exchange for lease liabilities:
Operating leases	$	7,327	$	549	$	7,490	$	4,081

Future lease payments for operating and finance leases as of March 31, 2022 were as follows for the remainder of fiscal year 2022, the subsequent five fiscal years and thereafter (in thousands):

	Finance Leases		Operating Leases
2022	$	34	$	4,103
2023		-		7,762
2024		-		6,354
2025		-		5,910
2026		-		5,839
2027		-		5,650
Thereafter		-		34,415
Total future lease payments		34		70,033
Less imputed interest		-		(15,222)
Total lease liability balance	$	34	$	54,811

As of March 31, 2022, the Company does not have significant leases that have not commenced or not recorded in the accompanying unaudited Consolidated Balance Sheets.