LEASES (Tables)
|
12 Months Ended |
Sep. 30, 2024 |
|---|
| Leases [Abstract] |
|
| Schedule of Assets and Liabilities, Lessee |
The following table presents the balance sheet and lease classification for the Company's lease portfolio as of September 30, 2024 and 2023, respectively:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance Sheet Classification |
|
Lease Classification |
|
2024 |
|
2023 |
|
|
| Non-current assets: |
|
|
|
|
|
|
|
|
| Property, plant and equipment, net |
|
Finance |
|
$ |
26,428 |
|
|
$ |
10,804 |
|
|
|
| Operating lease right-of-use-assets |
|
Operating |
|
60,499 |
|
|
71,629 |
|
|
|
| Total lease assets |
|
|
|
$ |
86,927 |
|
|
$ |
82,433 |
|
|
|
|
|
|
|
|
|
|
|
|
| Current liabilities: |
|
|
|
|
|
|
|
|
| Long-term debt, current maturities |
|
Finance |
|
$ |
5,820 |
|
|
$ |
2,683 |
|
|
|
| Other current liabilities |
|
Operating |
|
22,617 |
|
|
23,983 |
|
|
|
| Non-current liabilities: |
|
|
|
|
|
|
|
|
| Long-term debt |
|
Finance |
|
16,283 |
|
|
6,588 |
|
|
|
| Operating lease liabilities |
|
Operating |
|
40,073 |
|
|
50,189 |
|
|
|
| Total lease liabilities |
|
|
|
$ |
84,793 |
|
|
$ |
83,443 |
|
|
|
|
| Summary of Components of Lease Cost |
The following table presents the components of lease cost for the years ended September 30, 2024, 2023 and 2022, respectively:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
2023 |
|
2022 |
| Finance lease cost: |
|
|
|
|
|
|
|
|
Amortization of ROU assets |
|
|
$ |
5,104 |
|
|
$ |
2,791 |
|
|
$ |
3,816 |
|
|
Interest on lease liabilities |
|
|
808 |
|
|
248 |
|
|
205 |
|
| Operating lease cost |
|
|
21,463 |
|
|
21,546 |
|
|
21,675 |
|
|
|
|
|
|
|
|
|
| Variable lease cost |
|
|
10,960 |
|
|
10,601 |
|
|
10,486 |
|
| Sublease income |
|
|
(273) |
|
|
(89) |
|
|
(279) |
|
| Total lease cost |
|
|
$ |
38,062 |
|
|
$ |
35,097 |
|
|
$ |
35,903 |
|
Supplemental information regarding the Company's leases follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Year Ended September 30, |
|
|
2024 |
|
2023 |
|
2022 |
| Cash paid for finance and operating lease liabilities: |
|
|
|
|
|
|
Operating cash flows from finance leases |
$ |
824 |
|
|
$ |
259 |
|
|
$ |
211 |
|
|
Operating cash flows from operating leases |
28,121 |
|
|
27,194 |
|
|
27,648 |
|
|
Financing cash flows from finance leases |
5,055 |
|
|
2,642 |
|
|
3,691 |
|
| ROU assets obtained in exchange for new finance lease liabilities |
17,720 |
|
|
4,745 |
|
|
1,516 |
|
| ROU assets obtained in exchange for new operating lease liabilities |
7,577 |
|
|
8,294 |
|
|
10,365 |
|
|
|
|
|
|
|
|
|
|
September 30, |
|
|
2024 |
|
2023 |
|
2022 |
| Weighted-average remaining lease term - finance leases (years) |
3.75 |
|
4.47 |
|
4.28 |
| Weighted-average remaining lease term - operating leases (years) |
3.12 |
|
3.52 |
|
3.62 |
| Weighted-discount rate - finance leases |
5.33 |
% |
|
4.48 |
% |
|
3.08 |
% |
| Weighted-discount rate - operating leases |
4.19 |
% |
|
3.47 |
% |
|
2.45 |
% |
|
| Schedule of Maturities of Operating Lease Obligations |
Maturities of lease obligations by fiscal year were as follows as of September 30, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Leases |
|
Finance Leases |
| 2025 |
|
$ |
24,711 |
|
|
$ |
6,836 |
|
| 2026 |
|
19,934 |
|
|
6,391 |
|
| 2027 |
|
11,043 |
|
|
5,948 |
|
| 2028 |
|
6,179 |
|
|
3,165 |
|
| 2029 |
|
2,278 |
|
|
1,094 |
|
| Thereafter |
|
3,447 |
|
|
1,058 |
|
| Total future minimum lease payments |
|
67,592 |
|
|
24,492 |
|
| Less: Interest |
|
4,902 |
|
|
2,389 |
|
| Present value of lease liabilities: |
|
$ |
62,690 |
|
|
$ |
22,103 |
|
|
| Schedule of Maturities of Finance Lease Obligations |
Maturities of lease obligations by fiscal year were as follows as of September 30, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Leases |
|
Finance Leases |
| 2025 |
|
$ |
24,711 |
|
|
$ |
6,836 |
|
| 2026 |
|
19,934 |
|
|
6,391 |
|
| 2027 |
|
11,043 |
|
|
5,948 |
|
| 2028 |
|
6,179 |
|
|
3,165 |
|
| 2029 |
|
2,278 |
|
|
1,094 |
|
| Thereafter |
|
3,447 |
|
|
1,058 |
|
| Total future minimum lease payments |
|
67,592 |
|
|
24,492 |
|
| Less: Interest |
|
4,902 |
|
|
2,389 |
|
| Present value of lease liabilities: |
|
$ |
62,690 |
|
|
$ |
22,103 |
|
|