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Commitment and Contingencies (Tables)
 12 Months Ended
Sep. 30, 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)September 30, 2020
Operating lease asset$31,610 
Operating lease liability$33,302 
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)Twelve Months Ended September 30,
2020
Operating lease cost$6,557 
Variable lease cost1,353 
Sublease income(338)
      Net lease cost$7,572 
Maturities of Operating Lease Liabilities
The following table shows future minimum payments for operating leases as of September 30, 2020 for the respective periods.

(In thousands)Year ending September 30,
2021$6,617 
20225,917 
20235,348 
20244,547 
20253,603 
Thereafter10,389 
Total minimum payments36,421 
Amounts representing interest(3,119)
Present value of minimum lease payments$33,302 
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