Annual report pursuant to Section 13 and 15(d)

LEASES

v3.22.2.2
LEASES
 12 Months Ended
Sep. 30, 2022
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, 2022 and 2021, respectively:

Balance Sheet Classification Lease Classification 2022 2021
Non-current assets:
Property, plant and equipment, net Finance $ 10,727  $ 12,337 
Other assets Operating 71,974  80,262 
Total lease assets $ 82,701  $ 92,599 
Current liabilities:
Long-term debt, current maturities Finance $ 2,284  $ 3,674 
Other current liabilities Operating 22,869  25,151 
Non-current liabilities:
Long-term debt Finance 4,782  5,503 
Other liabilities Operating 51,445  57,272 
Total lease liabilities $ 81,380  $ 91,600 

The following table presents the components of lease cost for the years ended September 30, 2022, 2021 and 2020, respectively:
2022 2021 2020
Finance lease cost:
Amortization of ROU assets $ 3,816  $ 4,016  $ 2,112 
Interest on lease liabilities 205  248  206 
Operating lease cost 21,675  21,716  23,735 
Variable lease cost 10,486  6,752  5,298 
Sublease income (279) (83) (732)
Total lease cost $ 35,903  $ 32,649  $ 30,619 
Supplemental information regarding the Company's leases follows:
For the Year Ended September 30,
2022 2021 2020
Cash paid for finance and operating lease liabilities:
Operating cash flows from finance leases $ 211  $ 255  $ 207 
Operating cash flows from operating leases 27,648  28,246  29,309 
Financing cash flows from finance leases 3,691  4,134  2,064 
ROU assets obtained in exchange for new finance lease liabilities 1,516  3,687  2,613 
ROU assets obtained in exchange for new operating lease liabilities 10,365  16,341  12,442 
September 30,
2022 2021 2020
Weighted-average remaining lease term - finance leases (years) 4.28 3.85 4.39
Weighted-average remaining lease term - operating leases (years) 3.62 3.82 3.52
Weighted-discount rate - finance leases 3.08  % 2.70  % 2.89  %
Weighted-discount rate - operating leases 2.45  % 2.28  % 2.82  %
Maturities of lease obligations by fiscal year were as follows as of September 30, 2022:
Operating Leases Finance Leases
2023 $ 24,378  $ 2,499 
2024 19,973  1,552 
2025 14,755  899 
2026 11,023  799 
2027 4,538  711 
Thereafter 3,311  1,262 
Total future minimum lease payments 77,978  7,722 
Less: Interest 3,664  656 
Present value of lease liabilities: $ 74,314  $ 7,066 
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, 2022 and 2021, respectively:

Balance Sheet Classification Lease Classification 2022 2021
Non-current assets:
Property, plant and equipment, net Finance $ 10,727  $ 12,337 
Other assets Operating 71,974  80,262 
Total lease assets $ 82,701  $ 92,599 
Current liabilities:
Long-term debt, current maturities Finance $ 2,284  $ 3,674 
Other current liabilities Operating 22,869  25,151 
Non-current liabilities:
Long-term debt Finance 4,782  5,503 
Other liabilities Operating 51,445  57,272 
Total lease liabilities $ 81,380  $ 91,600 

The following table presents the components of lease cost for the years ended September 30, 2022, 2021 and 2020, respectively:
2022 2021 2020
Finance lease cost:
Amortization of ROU assets $ 3,816  $ 4,016  $ 2,112 
Interest on lease liabilities 205  248  206 
Operating lease cost 21,675  21,716  23,735 
Variable lease cost 10,486  6,752  5,298 
Sublease income (279) (83) (732)
Total lease cost $ 35,903  $ 32,649  $ 30,619 
Supplemental information regarding the Company's leases follows:
For the Year Ended September 30,
2022 2021 2020
Cash paid for finance and operating lease liabilities:
Operating cash flows from finance leases $ 211  $ 255  $ 207 
Operating cash flows from operating leases 27,648  28,246  29,309 
Financing cash flows from finance leases 3,691  4,134  2,064 
ROU assets obtained in exchange for new finance lease liabilities 1,516  3,687  2,613 
ROU assets obtained in exchange for new operating lease liabilities 10,365  16,341  12,442 
September 30,
2022 2021 2020
Weighted-average remaining lease term - finance leases (years) 4.28 3.85 4.39
Weighted-average remaining lease term - operating leases (years) 3.62 3.82 3.52
Weighted-discount rate - finance leases 3.08  % 2.70  % 2.89  %
Weighted-discount rate - operating leases 2.45  % 2.28  % 2.82  %
Maturities of lease obligations by fiscal year were as follows as of September 30, 2022:
Operating Leases Finance Leases
2023 $ 24,378  $ 2,499 
2024 19,973  1,552 
2025 14,755  899 
2026 11,023  799 
2027 4,538  711 
Thereafter 3,311  1,262 
Total future minimum lease payments 77,978  7,722 
Less: Interest 3,664  656 
Present value of lease liabilities: $ 74,314  $ 7,066