Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.1
Leases (Tables)
6 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Summary of Assets and Liabilities, Lessee
The following table presents the balance sheet and lease classification for the Company's lease portfolio:
Balance Sheet Classification Lease Classification March 31, 2020
Non-current assets:
Property, plant and equipment, net Finance    $ 3,194   
Other assets Operating    79,563   
Total lease assets $ 82,757   
Current liabilities:
Long-term debt, current maturities Finance    $ 1,077   
Other current liabilities Operating    26,098   
Non-current liabilities:
Long-term debt Finance    4,171   
Other liabilities Operating    54,295   
Total lease liabilities $ 85,641   
Summary of Components of Lease Cost
The following table presents the components of lease cost:
Three months ended March 31, 2020 Six months ended March 31, 2020
Finance lease cost:
Amortization of ROU assets $ 222    $ 351   
Interest on lease liabilities 43    77   
Operating lease cost 6,835    13,098   
Variable lease cost 1,457    2,882   
Sublease income (212)   (399)  
Total lease cost $ 8,345    $ 16,009   
Note 8.   Leases (continued)

Supplemental information regarding the Company's leases follows:
Six months ended March 31, 2020
Cash paid for finance and operating lease liabilities:
Operating cash flows from finance leases $ 77   
Operating cash flows from operating leases $ 15,589   
Financing cash flows from finance leases $ 331   
ROU assets obtained in exchange for new finance lease liabilities $ 2,011   
ROU assets obtained in exchange for new operating lease liabilities $ 9,284   
March 31, 2020
Weighted-average remaining lease term - finance leases (years) 5.67
Weighted-average remaining lease term - operating leases (years) 3.84
Weighted-discount rate - finance leases 3.32  %
Weighted-discount rate - operating leases 3.04  %
Schedule of Maturities of Lease Obligations
Maturities of lease obligations by fiscal year were as follows as of March 31, 2020:
Operating Leases Finance Leases
2020 (remainder)   $ 14,881    $ 647   
2021    25,080    1,122   
2022    17,199    1,008   
2023    11,063    800   
2024    7,650    386   
Thereafter 9,555    2,100   
Total future minimum lease payments 85,428    6,063   
Less: Interest 5,035    815   
Present value of lease liabilities: $ 80,393    $ 5,248   
Schedule of Maturities of Lease Obligations
Maturities of lease obligations by fiscal year were as follows as of March 31, 2020:
Operating Leases Finance Leases
2020 (remainder)   $ 14,881    $ 647   
2021    25,080    1,122   
2022    17,199    1,008   
2023    11,063    800   
2024    7,650    386   
Thereafter 9,555    2,100   
Total future minimum lease payments 85,428    6,063   
Less: Interest 5,035    815   
Present value of lease liabilities: $ 80,393    $ 5,248