Leases

3 Months Ended

Dec. 31, 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 2023 and 2042.

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

	Three Months Ended December 31,
	2022		2021
Operating lease costs	$	3,064	$	2,171
Finance lease costs:
Amortization of assets		91		75
Interest on lease liabilities		4		3
Total finance lease costs		95		78
Variable lease costs		2		518
Short-term lease costs		184		354
Sublease income		(2)
Total lease costs	$	3,343	$	3,121

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

	December 31, 2022			September 30, 2022
Operating Leases:
Operating lease right-of-use assets	$	57,005		$	54,059
Accrued expenses and other current liabilities	$	7,334		$	6,924
Long-term operating lease liabilities		52,494			49,227
Total operating lease liabilities	$	59,828		$	56,151
Finance Leases:
Property, plant and equipment, at cost	$	3,678		$	2,476
Accumulated amortization		(2,367)			(2,276)
Property, plant and equipment, net	$	1,311		$	200
Accrued expenses and other current liabilities	$	423		$	96
Other long-term liabilities		893			98
Total finance lease liabilities	$	1,316		$	194
Weighted average remaining lease term (in years):
Operating leases		10.79			10.82
Finance leases		3.71			2.19
Weighted average discount rate:
Operating leases		4.11	%		3.93	%
Finance leases		2.47	%		1.29	%

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

	Three Months Ended December 31,
	2022		2021
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases	$	2,569	$	1,659
Operating cash flows from finance leases		4		3
Financing cash flows from finance leases		87		190
ROU assets obtained in exchange for lease liabilities:
Operating leases	$	(766)	$	186
Finance leases		790

Future lease payments for operating and finance leases as of December 31, 2022 were as follows for the remainder of fiscal year 2023, the subsequent five fiscal years and thereafter (in thousands):

		Finance Leases	Operating Leases
2023	$	301	$	7,225
2024		399		8,795
2025		322		8,477
2026		224		6,921
2027		121		6,497
Thereafter		17		37,552
Total future lease payments		1,384		75,467
Less imputed interest		(68)		(15,639)
Total lease liability balance	$	1,316	$	59,828

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