Annual report pursuant to Section 13 and 15(d)

LEASES

v3.23.3
LEASES
 12 Months Ended
Sep. 30, 2023
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, 2023 and 2022, respectively:

Balance Sheet Classification Lease Classification 2023 2022
Non-current assets:
Property, plant and equipment, net Finance $ 10,804  $ 10,727 
Operating lease right-of-use-assets Operating 71,629  71,974 
Total lease assets $ 82,433  $ 82,701 
Current liabilities:
Long-term debt, current maturities Finance $ 2,683  $ 2,284 
Other current liabilities Operating 23,983  22,869 
Non-current liabilities:
Long-term debt Finance 6,588  4,782 
Operating lease liabilities Operating 50,189  51,445 
Total lease liabilities $ 83,443  $ 81,380 
The following table presents the components of lease cost for the years ended September 30, 2023, 2022 and 2021, respectively:
2023 2022 2021
Finance lease cost:
Amortization of ROU assets $ 2,791  $ 3,816  $ 4,016 
Interest on lease liabilities 248  205  248 
Operating lease cost 21,546  21,675  21,716 
Variable lease cost 10,601  10,486  6,752 
Sublease income (89) (279) (83)
Total lease cost $ 35,097  $ 35,903  $ 32,649 

Supplemental information regarding the Company's leases follows:
For the Year Ended September 30,
2023 2022 2021
Cash paid for finance and operating lease liabilities:
Operating cash flows from finance leases $ 259  $ 211  $ 255 
Operating cash flows from operating leases 27,194  27,648  28,246 
Financing cash flows from finance leases 2,642  3,691  4,134 
ROU assets obtained in exchange for new finance lease liabilities 4,745  1,516  3,687 
ROU assets obtained in exchange for new operating lease liabilities 8,294  10,365  16,341 
September 30,
2023 2022 2021
Weighted-average remaining lease term - finance leases (years) 4.47 4.28 3.85
Weighted-average remaining lease term - operating leases (years) 3.52 3.62 3.82
Weighted-discount rate - finance leases 4.48  % 3.08  % 2.70  %
Weighted-discount rate - operating leases 3.47  % 2.45  % 2.28  %

Maturities of lease obligations by fiscal year were as follows as of September 30, 2023:
Operating Leases Finance Leases
2024 $ 26,123  $ 3,034 
2025 20,619  2,145 
2026 16,027  1,695 
2027 8,381  1,293 
2028 4,788  877 
Thereafter 3,475  1,263 
Total future minimum lease payments 79,413  10,307 
Less: Interest 5,241  1,036 
Present value of lease liabilities: $ 74,172  $ 9,271 
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, 2023 and 2022, respectively:

Balance Sheet Classification Lease Classification 2023 2022
Non-current assets:
Property, plant and equipment, net Finance $ 10,804  $ 10,727 
Operating lease right-of-use-assets Operating 71,629  71,974 
Total lease assets $ 82,433  $ 82,701 
Current liabilities:
Long-term debt, current maturities Finance $ 2,683  $ 2,284 
Other current liabilities Operating 23,983  22,869 
Non-current liabilities:
Long-term debt Finance 6,588  4,782 
Operating lease liabilities Operating 50,189  51,445 
Total lease liabilities $ 83,443  $ 81,380 
The following table presents the components of lease cost for the years ended September 30, 2023, 2022 and 2021, respectively:
2023 2022 2021
Finance lease cost:
Amortization of ROU assets $ 2,791  $ 3,816  $ 4,016 
Interest on lease liabilities 248  205  248 
Operating lease cost 21,546  21,675  21,716 
Variable lease cost 10,601  10,486  6,752 
Sublease income (89) (279) (83)
Total lease cost $ 35,097  $ 35,903  $ 32,649 

Supplemental information regarding the Company's leases follows:
For the Year Ended September 30,
2023 2022 2021
Cash paid for finance and operating lease liabilities:
Operating cash flows from finance leases $ 259  $ 211  $ 255 
Operating cash flows from operating leases 27,194  27,648  28,246 
Financing cash flows from finance leases 2,642  3,691  4,134 
ROU assets obtained in exchange for new finance lease liabilities 4,745  1,516  3,687 
ROU assets obtained in exchange for new operating lease liabilities 8,294  10,365  16,341 
September 30,
2023 2022 2021
Weighted-average remaining lease term - finance leases (years) 4.47 4.28 3.85
Weighted-average remaining lease term - operating leases (years) 3.52 3.62 3.82
Weighted-discount rate - finance leases 4.48  % 3.08  % 2.70  %
Weighted-discount rate - operating leases 3.47  % 2.45  % 2.28  %

Maturities of lease obligations by fiscal year were as follows as of September 30, 2023:
Operating Leases Finance Leases
2024 $ 26,123  $ 3,034 
2025 20,619  2,145 
2026 16,027  1,695 
2027 8,381  1,293 
2028 4,788  877 
Thereafter 3,475  1,263 
Total future minimum lease payments 79,413  10,307 
Less: Interest 5,241  1,036 
Present value of lease liabilities: $ 74,172  $ 9,271