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Commitment and Contingencies (Tables)
 6 Months Ended
Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]  
Supplemental Balance Sheet Information
The table below presents the Company’s operating lease right-of-use asset and the related lease liability.


(In thousands)March 31, 2020
Operating lease asset$29,035  
Operating lease liability$30,522  
Components of Lease Expense
The following table presents the components of net lease costs, a component of Occupancy expense. The Company elected not to separate lease and non-lease components and instead account for them as a single lease component. Variable lease costs include subsequent increases in index-based rents and variable payments such as common area maintenance.

(In thousands)Three Months Ended March 31,Six Months Ended March 31,
20202020
Operating lease cost$1,671  $3,273  
Variable lease cost335  555  
Sublease income(93) (179) 
      Net lease cost$1,913  $3,649  
Maturities of Operating Lease Liabilities
The following table shows future minimum payments for operating leases as of March 31, 2020 for the respective periods.

(In thousands)Year ending September 30,
remainder of 2020$3,014  
20215,621  
20225,125  
20234,574  
20243,826  
Thereafter11,420  
Total minimum payments33,580  
Amounts representing interest(3,058) 
Present value of minimum lease payments$30,522  
Future Minimum Lease Payments Prior to Adoption
Future minimum lease payments for the Company’s operating leases as of September 30, 2019, prior to the adoption of the new lease guidance, were as follows.

(In thousands)Year ending September 30,
2020$5,838  
20215,246  
20224,698  
20234,302  
20243,596  
Thereafter10,531  
Total minimum payments$34,211