Leases

12 Months Ended

Sep. 30, 2022

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 2022 and 2042.

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

	Year Ended September 30,
	2022		2021
Operating lease costs	$	9,396	$	7,630
Finance lease costs:
Amortization of assets		182		859
Interest on lease liabilities		5		39
Total finance lease costs		187		898
Variable lease costs		3		1,833
Short-term lease costs		1,411		199
Total lease costs	$	10,997	$	10,560

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

	September 30, 2022			September 30, 2021
Operating Leases:
Operating lease right-of-use assets	$	54,059		$	49,650
Accrued expenses and other current liabilities	$	6,924		$	5,254
Long-term operating lease liabilities		49,227			45,088
Total operating lease liabilities	$	56,151		$	50,342
Finance Leases:
Property, plant and equipment, at cost	$	2,476		$	2,252
Accumulated amortization		(2,276)			(2,105)
Property, plant and equipment, net	$	200		$	147
Accrued expenses and other current liabilities	$	96		$	360
Other long-term liabilities		98			(10)
Total finance lease liabilities	$	194		$	350
Weighted average remaining lease term (in years):
Operating leases		10.82			11.33
Finance leases		2.19			0.53
Weighted average discount rate:
Operating leases		3.93	%		3.90	%
Finance leases		1.29	%		4.87	%

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

	Year Ended September 30,
	2022		2021
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases	$	7,977	$	6,213
Operating cash flows from finance leases		5		41
Financing cash flows from finance leases		393		1,130
ROU assets obtained in exchange for lease liabilities:
Operating leases	$	10,842	$	31,944

Future lease payments for operating leases as of September 30, 2022 were as follows for the subsequent five fiscal years and thereafter (in thousands):

	Operating Leases
Fiscal year ended September 30,
2023	$	8,907
2024		7,648
2025		7,251
2026		6,275
2027		5,948
Thereafter		35,366
Total future lease payments		71,395
Less imputed interest		(15,244)
Total lease liability balance	$	56,151

As of September 30, 2022, the Company has not entered into any significant leases that have not commenced yet.