Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.21.2
LEASES (Tables)
12 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Assets and Liabilities, Lessee 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 
Summary of Components of Lease Cost
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  %
Schedule of Maturities of Lease Obligations
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 
Schedule of Maturities of Finance Lease Obligations
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