Annual report pursuant to Section 13 and 15(d)

LEASES

v3.21.2
LEASES
 12 Months Ended
Sep. 30, 2021
Leases [Abstract]  
LEASES LEASES:
The Company’s lease portfolio includes various contracts for real estate, vehicles, information technology and other equipment. The following table presents the balance sheet and lease classification for the Company's lease portfolio as of September 30, 2021 and 2020, respectively:

Balance Sheet Classification Lease Classification 2021 2020
Non-current assets:
Property, plant and equipment, net Finance $ 12,337  $ 9,185 
Other assets Operating 80,262  72,011 
Total lease assets $ 92,599  $ 81,196 
Current liabilities:
Long-term debt, current maturities Finance $ 3,674  $ 3,515 
Other current liabilities Operating 25,151  23,942 
Non-current liabilities:
Long-term debt Finance 5,503  6,169 
Other liabilities Operating 57,272  49,297 
Total lease liabilities $ 91,600  $ 82,923 

The following table presents the components of lease cost for the years ended September 30, 2021 and 2020, respectively:
2021 2020
Finance lease cost:
Amortization of ROU assets $ 4,016  $ 2,112 
Interest on lease liabilities 248  206 
Operating lease cost (a)
21,716  23,735 
Variable lease cost (a)
6,752  5,298 
Sublease income (83) (732)
Total lease cost $ 32,649  $ 30,619 
(a) Annual lease cost under operating leases were $28,468, $29,033 and $38,015 in fiscal 2021, 2020 and 2019, respectively. 
Supplemental information regarding the Company's leases follows:
For the Year Ended September 30,
2021 2020
Cash paid for finance and operating lease liabilities:
Operating cash flows from finance leases $ 255  $ 207 
Operating cash flows from operating leases $ 28,246  $ 29,309 
Financing cash flows from finance leases $ 4,134  $ 2,064 
ROU assets obtained in exchange for new finance lease liabilities $ 3,687  $ 2,613 
ROU assets obtained in exchange for new operating lease liabilities $ 16,341  $ 12,442 
September 30, 2021 September 30, 2020
Weighted-average remaining lease term - finance leases (years) 3.85 4.39
Weighted-average remaining lease term - operating leases (years) 3.82 3.52
Weighted-discount rate - finance leases 2.70  % 2.89  %
Weighted-discount rate - operating leases 2.28  % 2.82  %

Maturities of lease obligations by fiscal year were as follows as of September 30, 2021:
Operating Leases Finance Leases
2022 $ 26,643  $ 3,927 
2023 20,953  2,125 
2024 15,588  1,222 
2025 10,777  565 
2026 7,863  456 
Thereafter 4,341  1,592 
Total future minimum lease payments 86,165  9,887 
Less: Interest 3,742  710 
Present value of lease liabilities: $ 82,423  $ 9,177 
LEASES LEASES:
The Company’s lease portfolio includes various contracts for real estate, vehicles, information technology and other equipment. The following table presents the balance sheet and lease classification for the Company's lease portfolio as of September 30, 2021 and 2020, respectively:

Balance Sheet Classification Lease Classification 2021 2020
Non-current assets:
Property, plant and equipment, net Finance $ 12,337  $ 9,185 
Other assets Operating 80,262  72,011 
Total lease assets $ 92,599  $ 81,196 
Current liabilities:
Long-term debt, current maturities Finance $ 3,674  $ 3,515 
Other current liabilities Operating 25,151  23,942 
Non-current liabilities:
Long-term debt Finance 5,503  6,169 
Other liabilities Operating 57,272  49,297 
Total lease liabilities $ 91,600  $ 82,923 

The following table presents the components of lease cost for the years ended September 30, 2021 and 2020, respectively:
2021 2020
Finance lease cost:
Amortization of ROU assets $ 4,016  $ 2,112 
Interest on lease liabilities 248  206 
Operating lease cost (a)
21,716  23,735 
Variable lease cost (a)
6,752  5,298 
Sublease income (83) (732)
Total lease cost $ 32,649  $ 30,619 
(a) Annual lease cost under operating leases were $28,468, $29,033 and $38,015 in fiscal 2021, 2020 and 2019, respectively. 
Supplemental information regarding the Company's leases follows:
For the Year Ended September 30,
2021 2020
Cash paid for finance and operating lease liabilities:
Operating cash flows from finance leases $ 255  $ 207 
Operating cash flows from operating leases $ 28,246  $ 29,309 
Financing cash flows from finance leases $ 4,134  $ 2,064 
ROU assets obtained in exchange for new finance lease liabilities $ 3,687  $ 2,613 
ROU assets obtained in exchange for new operating lease liabilities $ 16,341  $ 12,442 
September 30, 2021 September 30, 2020
Weighted-average remaining lease term - finance leases (years) 3.85 4.39
Weighted-average remaining lease term - operating leases (years) 3.82 3.52
Weighted-discount rate - finance leases 2.70  % 2.89  %
Weighted-discount rate - operating leases 2.28  % 2.82  %

Maturities of lease obligations by fiscal year were as follows as of September 30, 2021:
Operating Leases Finance Leases
2022 $ 26,643  $ 3,927 
2023 20,953  2,125 
2024 15,588  1,222 
2025 10,777  565 
2026 7,863  456 
Thereafter 4,341  1,592 
Total future minimum lease payments 86,165  9,887 
Less: Interest 3,742  710 
Present value of lease liabilities: $ 82,423  $ 9,177